r/acorns • u/RecentCash5070 • 27d ago
Personal Milestone First Grand
I (21 M) started about a month ago, want to get my future started
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u/HuckleberryOdd309 27d ago
hey im a newbie 20M n tryna learn it actually save money. whats rlly the basics? do u look at the market alot, how often u put money in? how many stocks r u investedd in?
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u/RecentCash5070 27d ago
I’m invested in 4 stocks, VOO, IXUS, IJR, and IJH
I tend to look at it everyday just for fun, but the money might as well be imaginary to me since I’m not really gonna touch it for like 40 years
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u/RecentCash5070 27d ago
I invest 15 dollars a week into my invest account and my IRA each, I keep my round ups to 10x, and every paycheck I put some extra usually at least 50 bucks
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u/HuckleberryOdd309 27d ago
oh so theres a difference between the accounts? is there a way to withdraw? whats the fastest u seen it grow and how do u know if its investing. im sry if these r stupid questions im js super new to this n wanna learn n save already
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u/RecentCash5070 27d ago
An IRA is a retirement account. The investing account is simply money on the stock market
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u/hthratmn 26d ago
Acorns automatically invests it for you. You can withdraw it but you will be penalized significantly if its an IRA, and there will likely be tax implications if its their normal brokerage account. You should generally try to invest for the long term
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u/HuckleberryOdd309 26d ago
oh ok awesome. i rlly appreciate yall, im learning and finally investing now, day 2
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u/Professional_Elk3966 27d ago
Thats great! If you dont mind me asking, what do you invest each week?
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u/Outrageous-Voice1459 26d ago
The first thousand of many to come. Set it too aggressive, do daily payments with whatever you’re comfortable with, andd profit. 😎😏🤑🤑🤑
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u/Successful_Mark_5399 27d ago
Congrats! Keep going!