Acorns

Small amounts saved & invested every day add up over time through the magic of compounding! I’m always blown away by the fact that if you invest $5 a day in your newborn and this continues through 65 yrs old, your kid can end up with more than $4,000,000 for retirement (at an 8% annual compound rate). https://lnkd.in/gAbnNXn8

For our 2024 Money Matters Report™, we asked everyday Americans about their finances: how financially secure they feel, the impact their finances have on their wellbeing, and how macro events affect their sense of financial security. Check out the full report here: https://lnkd.in/grsdcQdr

Today, we’re proud to share that we’ve acquired ChroniFI’s intellectual property and welcome Ben Miller to the Acorns team! This partnership expands our Financial Wellness System, allowing us to further educate our customers on the power of small financial habits in the long-term, giving your acorns time to grow into mighty oaks. Stay tuned for more updates! #GrowYourOak

🚨NEW JOBS ALERT 🚨 Acorns is putting wealth-making tools in everyone’s hands so everyday consumers can save and invest for the long term. We’re all about growing your oak — and right now, our talented, mission-driven team is growing, too! Check out two of our open roles below: Sr. Director of Growth: https://lnkd.in/g-DZ8aVE Director of Public Relations https://lnkd.in/gfKX5wm4

January is Financial Wellness Month and the new year is a great time to recalibrate and make sure your financial wellness is top of mind. Here are a few tips to ensure you reach your financial goals in 2024: - Start your investing journey: There is no time like the present to start planning for your financial future. Trying to guess the best moment to hop in and out of the market can lead to missed opportunities to grow your money over time. Setting a regular investing schedule can be a good way to grow your wealth over time and ride the waves of the market. - Invest for the long term: When investments are made for the long-term, your portfolio has a better chance of growing with smoother returns.  From the shifting economy, to daunting news headlines, it can be easy to read into week-to-week reports and ask, “how will this affect my investments today, tomorrow, or a year from now?” But if you’re investing for the long-term, you should be thinking in decades, not years. - Review your budget: Take some time to sit down and look at last year's bank statements to pinpoint areas where you can cut back. Things like monthly subscriptions, daily coffees, and recurring payments can add up and add worry to your financial mindset. By reining in expenses that creep up, you can see how much you can save by turning them into regular savings or investments instead. - Don’t get overwhelmed: The worst thing you can do is nothing. Investing can be accessible to everyone. Start with an app or service like Acorns that exists to make starting small easy.

Acorns CFO and CIO Seth Wunder, CFA discusses the financial services company's style of guiding its clients to consider their own savings goals while investing. #investing

“Tommy represents the ultimate acorns-to-oak story, coming from humble beginnings to establishing himself as a force in the world of tennis. With Acorns, you can start small and with spare change and investments over time, give your money a chance to grow.” - Noah Kerner, Acorns CEO

"But another app that seeks to simplify investing snuck by them to take the crown in our analysis. That app is Acorns, the top-searched investment app in eight states." #finance #investing

Investing in dividend stocks Dividends are a portion of profits that some companies give to stockholders. These payouts are usually made quarterly. Some potential benefits of buying stocks with dividends: 1️⃣ Companies that pay dividends are often more stable Offering dividends can be a sign that a company has good cash flow and therefore is less risky to invest in. 2️⃣ Provide an income Dividends can provide an income without removing your money from the market. If the value of the company's stock increases, your dividends may increase too. 3️⃣ You can reinvest dividends You can choose to receive your dividends as cash or reinvest them. Reinvesting dividends can help you grow your portfolio and some services will automatically reinvest for you. However, like all income, dividends qualify for income tax, so lookout for a Form 1099 from your investment firm during tax season. And although dividends can have many benefits, diversification is still extremely important. Don't fill your portfolio with shares from one company just because they offer dividends. In the event of a financial downturn, the company could choose to stop offering these payouts to their stockholders. 👉 Keep reading to learn more about dividends: https://lnkd.in/gfdzurTV 👈 Past performance does not guarantee future results. For informational purposes only. Strategies and investments discussed may not be suitable for all investors. Contents of this article have been generalized and should not be considered investment advice, a recommendation, or be construed as an offer or solicitation to buy or sell an interest in any specific security. Information contained herein has been obtained from sources believed to be reliable; however, the accuracy cannot be guaranteed and is subject to change without notice. Investing involves risk, including the loss of principal. Please consider your objectives, risk tolerance, and all fees before making any investment decisions. 

How does portfolio rebalancing work? Before we talk about rebalancing, let's talk about portfolio allocation. When you set up your portfolio, you decide how many stocks, bonds, or other securities make up your portfolio. Over time, your asset allocation can change or you may want a different asset allocation. Changing the securities in your portfolio is known as rebalancing. 🌖 How it works Let's say that when you initially set up your portfolio, your allocation was 90% stocks and 10% bonds. After some time, your portfolio became 95% stocks and 5% bonds. To get back to the 90/10 allocation, you'll have to sell some stocks and use that money to buy more bonds. 💲 What's the point of rebalancing? Financial experts recommend certain portfolio allocations based on your risk tolerance and financial goals. Generally, the more stocks in your portfolio the riskier it is and the more bonds in your portfolio, the less risky your portfolio is. In the example above, the portfolio has a higher risk than it took on originally. Rebalancing it will return it to your desired allocation amounts. ⏰ How often should you rebalance? There's no one answer. Financial experts have recommended checking quarterly, six months, once a year, or just when you notice the allocation has changed. Some portfolios come with automatic rebalancing, so you don't have to do it yourself. But remember that selling securities can result in fees and taxes, so rebalancing frequently can become expensive. 👉 Keep reading to learn more about rebalancing: https://lnkd.in/gQZ6HXWn 👈 The views expressed are generalized and may not be appropriate for all investors. Investing involves risk, including the loss of principal. Carefully consider your financial situation, including investment objective, time horizon, risk tolerance, and fees prior to making any investment decisions.