Acorn will “round up” your credit card spending to the nearest dollar and invests that difference. Apart from this, you can also invest on your own from the available 70+ different individual stocks. Stash then offers a bunch of different investment schemes you can choose from. Tolerance levels here are only three conservative, moderate, or aggressive. After that, your risk tolerance level is determined based on variable factors like period and even age, among other factors. Stash has a similar setup process like Acorns – answering questions on financial status – which helps them determine your risk tolerance. These portfolios include Conservative, Moderate Conservative, Moderate, Moderately Aggressive, and Aggressive arranged in order of low-risk tolerance to high-risk tolerance.Īcorns invest money in Exchange Traded Funds composed of the following Acorn has five different investment strategies tied to your risk tolerance levels. You will be able to choose different investment goals, either long term, short term, or targeted at a given activity or product. The information required is strictly financial. The lowest plan dubbed “Beginner,” which is pegged with a $1 management fee, followed by Growth and finally Stash+ with a management fee of $3 and $9 per month, respectively.įor Acorns, you will be asked a few questions that the answers given will be used to curate an investment portfolio that works best for you. Stash has three different plans on its sleeves. Acorns Core taxable investment account will cost you $1 per month as account management fees, $2 a month for Acorns invest + Later, and $3 per month for Acorns Spend, which includes both invest and later.įor Stash, management fees range from as low as $1 to $9. Acorn has five pre-built investment portfolios. The account management fee is also one crucial aspect you should look out for. So, you can start investing with as little as $5 on the go.Įven though Acorn has no minimum deposit, you cannot invest less than $5 – which makes it flush with Stash that needs a $5 minimum deposit, but you will start investing immediately. But to start investing, you will have to accumulate at least $5.įor Stash, the platform requires a minimum deposit of $5. Starting with Acorn, it has no minimum deposit, so you can get started with whatever little is in your pockets, and you’re ready to invest. Acorn is also free to use for students and anyone under the age of 24 years.Ī pair of glasses, book, body lotion and book on a towel Features: Acorn vs Stash Minimum deposit: Acorn vs Stash What is good about Acorns is that the app tries to break the barrier that is always holding beginners from saving any money – they don’t have enough money to invest. It has no minimum deposit, and it packs more features that are most suitable to a beginner who is just starting. In this review, Acorn proves to be a better contender than Stash. In this article, we compare Acorn and Stash side by side to see which of the two robot investment apps is better than the other. The portfolio consists of over 30 ETFs or single stocks, which are over 70. It only teaches you how to kick off your investment journey in your quest to build an investment portfolio. Unlike Acorns, Stash does not manage your money directly. You will be saving pennies, thus making the investment process easy as pie.įor Stash, you still have to link your bank account, which will act as a bridge to your investment account. Take, for example, if you buy a cup of coffee for $5.25 Acorn will round it to $6, thus investing the 75¢ difference automatically in your investment account. To be able to do this, Acorns has to be linked to your credit card and checking account. So how do these apps work?Īcorns is a roundup app that “rounds up” your spending to the nearest dollar and invests that difference. But Acorn and Stash have now utilized AI in the financial investment field. The two apps rely on Artificial Intelligence, which is the next big thing in almost all fields. Those that want to grow their portfolio as well as saving cash to secure a better future with no knowledge or time to manage it. Acorn and Stash are meant for beginners who lack expertise in the field of financial investing. These two apps are both robot investment apps that help you invest as well as save money simultaneously. As you would already know, Acorn and Stash are investment apps.
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