# Acorns (Investment App)

**URL:** <https://forums.speedlife.net/t/acorns-investment-app/270800>\
**Category:** NYSpeed Off Topic\
**Created:** [October 10, 2014, 10:16am UTC](https://forums.speedlife.net/t/acorns-investment-app/270800 "2014-10-10T10:16:38Z")\
**Posts on this page:** 5\
**Page:** 3

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**Author:** ![ProgRocker](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/progrocker/32/5434_2.png) [@ProgRocker](https://forums.speedlife.net/u/ProgRocker)\
**Post date:** [October 14, 2014, 7:56am UTC](https://forums.speedlife.net/t/acorns-investment-app/270800/41 "2014-10-14T07:56:08Z")

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Currently our savings account is at .75% interest, which seems decent for a Savings account.

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**Author:** ![TradersBASE](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tradersbase/32/5321_2.png) [@TradersBASE](https://forums.speedlife.net/u/TradersBASE)\
**Post date:** [October 14, 2014, 8:53am UTC](https://forums.speedlife.net/t/acorns-investment-app/270800/42 "2014-10-14T08:53:33Z")

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> [@LZ](#):
>
> All of those places are going to require a minimum deposit and if by chance they don’t you get hit with fees till you do…
> 
> Which again is why this Acorn thing isn’t a horrible idea :lol:

Unless I missed it they don’t seem to offer much of a track record. How adjustable/sustainable is their algo? Have they been around long enough to provide sufficient data points? The ETF options they offer are horribly limited IMO.

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**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\
**Post date:** [October 15, 2014, 12:19pm UTC](https://forums.speedlife.net/t/acorns-investment-app/270800/43 "2014-10-15T12:19:57Z")

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I have been using this for a bit. The fees are high. If you only have $30 in teh account and don’t keep adding to it, you will get scared to see your $12/year + management on your $30. You want a real fear, look at your management fees on your 401. Lol. Only issue is it doesn’t really show much info on their funds and how they trade. I saw some significant movement on my first $15 i threw on it to test but I can’t find any fund info.

We are actually building an app like this for Bitcoin.

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**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\
**Post date:** [October 15, 2014, 12:34pm UTC](https://forums.speedlife.net/t/acorns-investment-app/270800/44 "2014-10-15T12:34:00Z")

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if you have $100 in the account you need a 12.5% gain for the year just to break even. most people probably start this with low amounts. now that’s scary.

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**Author:** ![TradersBASE](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tradersbase/32/5321_2.png) [@TradersBASE](https://forums.speedlife.net/u/TradersBASE)\
**Post date:** [October 15, 2014, 5:03pm UTC](https://forums.speedlife.net/t/acorns-investment-app/270800/45 "2014-10-15T17:03:50Z")

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> [@theblue](#):
>
> if you have $100 in the account you need a 12.5% gain for the year just to break even. most people probably start this with low amounts. now that’s scary.

Who cares about percentages, it’s all about dollars in 'Murica. 😉

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