OK, the name aside his this is actually legitimate and quite painless. Have a read and tell me if you’re giving it a try!
A new app called Acorns hit Google Play this week, which could earn you big time cash using the rounded up leftover spare change from each purchase you make. Once you have made your Acorns account and linked your bank accounts, purchases you make are then rounded up to the nearest dollar.
The rounded up change is then placed on the market in low ETFs (Exchange Traded Funds), allowing Acorns to do all of the work for you. The overall goal of Acorns is to “buy low, sell high,” with a big focus on diversification across multiple asset classes also in place.
There are fees and a monthly charge made, but in comparison to commissions made from the big investment houses, it’s rather small. In total, after you invest, $1 is taken from your balance each month. In addition, a fee ranging from .25% to .5% per year of the total assets in your account is charged. So, what do you think? Download it and let me know!