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Acorns isn't a good investment because it gives a false sense of accomplishing your financial goals The most dangerous effect of the media praise of the Acorns investing app is that it makes subscribers feel like they are doing something big for their future.How does acorns make you money?
Acorns makes money through member fees and outside investors. While Acorns' fee for members is small at $1 a month for accounts under $5,000, those dollars add up quickly with the number of users.Are acorns the future of investing?
Acorns is shaping the future of investing to be more accessible, cheaper and allowing people with no investing experience to invest in the growing stock market. Other features like Acorns Later and Acorns Spend are discussed in greater detail in our detailed Acorns Investment review.