It’s almost the end of Nov! Better later than never. It took me a little while to get back into it. I kept pushing it off as I wanted to release the financial reports first but seriously, I just need to get back into it to get the momentum going again.
Here’s the September report for Acorns. I do like how this little investment pot is chugging along.
Time for another look at how Acorns is doing.
The Acorns Experiment
I am running a 12 month experiment with Acorns where I will be investing $100 a month as a regular investment and also allowing it to do ’round-ups’ to invest the spare change from my spendings. Acorns has a standard monthly fee of $1.25 for account values under $5000 and my personal view is that it is an exorbitant fee that makes any investments under that threshold be better off done in a high-interest bank account.
However, instead of just pulling numbers out of thin air, let’s actually play with a live stock market and real cash.
Not a great month for the sharemarket – at least in the ones I held through these ETFs.
The gains I had in my investments value disappeared in September. That’s okay though, as October has seen huge increases. I think dividend time is round the corner and the stock market tends to surge upwards at this point so no surprises there.
We are fast approaching the 6 months mark for this little experiment of mine! It’s been fun to watch – the monthly fee does fade in its impact as we go along as well, but when we hit the 12 month mark, I will do a proper mathematical post and get the numbers crunching to see how we go.
So far though, especially for those who don’t normally invest, this is definitely better than not investing!