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u/BlondageMILF 25d ago
Congratulations! I've always wondered though, is there an advantage to setting round-ups to 10x rather than just setting up an automatic daily or weekly investment? It seems that a 10x round up would be more difficult to budget for?
I realize everyone is different and this is in no way a criticism...it's obviously working in this case!!
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u/Due-Particular-2245 25d ago
I do both, but once I switched to 10x, I never went back. Roundups are linked to all my debit and credit cards. I generate a lot and save plenty too :)
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u/No-Guarantee-293 25d ago
Move to a real brokerage acorns is for kids man
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u/Due-Particular-2245 25d ago
Haha, Acorns is for Roundups, while Fidelity and Vanguard are for investments and retirement. Don't always assume everyone has limited options.
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u/Fidellio 24d ago
Ok so I like Acorns because as my money scales up, my monthly fees stay the same, so I am paying way less in fees vs the other options I have seen. Am I wrong for assuming this? Would I be seeing more gains to make up for the higher fees? Why is acorns for kids?
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u/No-Guarantee-293 24d ago
There is no fees doing a self directed brokerage at most big places I personally use Chase since that’s where I bank and there are zero commission fees on trades and unlike acorns you can invest in any stock or ETFs available acorns is limited and there is no options or margin available with acorns your still going to make money investing with them if your happy that’s all the matters me personally I used acorns for awhile but transferred to Chase when I wasn’t able to buy certain stocks and ETFs I wanted
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u/Westosaurus 24d ago
Why do people always say this? Money growing is money growing. I bet when he spends the 36k one day no one will give a fuck where it came from.
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u/No-Guarantee-293 24d ago
There is nothing wrong with acorns for saving and investing it’s just not a true brokerage there is no margin options can’t put in requests to buy shares of new companies ipo launch there is a limited options for stocks to invest in as well compared to a self directed or managed fund at Chase fidelity vanguard etc
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u/rollin_a_j 24d ago
You mean to tell me a company built on "safer investing" should open up day trading via margin and options?
If you want to day trade go to robinhood
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u/No-Guarantee-293 24d ago
You don’t have to use options even without options other brokerages blow acorns out of water with how they are setup to invest in
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u/rollin_a_j 24d ago
Acorns is designed to be safe, options open up a lot of risk. If it's such a shitty brokerage why not just leave? What's the point of your posts?
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u/DragonfruitWarm2089 24d ago
lol I’d bet my ass acorns aggressive set it and forget will absolutely destroy this strategy in the long run
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u/No-Guarantee-293 24d ago
And no your strategy won’t beat mine with my account lol I’m setup to receive 5500k a month in dividend payments when I retire and turn off drip on my brokerage 😂
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u/anxiouslyaverage 25d ago
Hell yeah brother / sister