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Easy way to invest in stocks without noticing
"Acorns" smartphone Application
Hello Smarty Pants Mommies!!
First let me introduce myself, First and Foremost, I am a mom and wife. However, I also work full time as an Educator. I am sure all of you reading this are smart and beautiful moms looking to make extra cash for your family..That is what I am doing and I'm working hard at it. I figure I would blog about my struggles and success here on hub pages as well as on my blog..www.smartypantsmoms.blogpost.com. Besides my regular income I always try to find ways to save money and penny pinching.
I know a lot of you out out there are also looking for ways to make extra money. This one app for iphone I have been using is a start. It will not make you rich but it will open the door to investing in cool stocks. The App I have been using lately is called "Acorns". This app is available on Smartphones. What this app does it invests your spare change. You do have to connect it and link it to your bank account. In my case I am often weary of this but nevertheless I decided to give it a try. So I linked it and in less than one month I have invested $75.44. This is pretty awesome because what they do is they take "Round Ups" from your everyday purchases and then each time you get to $5.00 they invest it in stocks.
Now the cool part is that you choose how they invest your money. You can choose from one of 5 categories, which are: Conservative, Moderately Conservative, Moderate, Moderately Aggressive and Agressive.
I chose to go with moderately Agressive. Acorns invests your money in the following categories and in the following ways if you choose to go with moderately aggressive.
Large Company Stocks- 0.13 cents of every dollar
Small Company Stocks- 0.25 cents of every dollar
Emerging Market Stocks- 0.14 cents of every dollar
Real Estate Stocks- 0.22 cents of every dollar
Corporate Bonds- 0.21 cents of every dollar invested
Government Bonds- 0.05 cents of every dollar
If you want to know which stocks Acorns invests your change in visit my blog.
I will update you guys on my progress monthly. The screenshots below are taken from my phone and are of my investments.
So this is in no way a way to get rich BUT it is a way to get your foot in the door of investing especially if you are just starting out like me.
I am just writing this independently, I am in no way being paid by Acorns. Also I am not responsible for any monetary loss you may have by using this app.