4/9/2023 0 Comments Acorns vs stash![]() (See Why Acorns is the Only Roboadvisor That Could Be Worth $1 Billion)Īcorns users can invest their spare change through the app’s automated system. Its functioning has a wide appeal for first-time investors – especially those averse to spending any time on the investing part. Acorns: Product OverviewĪcorns, which is by far the most popular, is like a “ spare change” roboadvisor. Let’s take a look at how the two micro-savings apps compare. But Stash is making headway with their customizable approach to building a nest egg. (See 3 Reasons to Avoid the Pennies for Apple Watch Budgeting App)īut which is here to stay? Acorns has gained an impressive user base, especially when compared to name brand roboadvisors like Betterment and Wealthfront, who’ve spent millions on advertising. Both apps fall into a category known as “micro-savings”: enabling users to save small increments at a time, perhaps even less than $1.00.Ī quick search shows a plethora of savings-related apps available on smartphones and wearables – though some are clearly better than others. There has been some out-of-the-box thinking in the development of two apps: Acorns and Stash. Yet their technology solutions take wildly divergent paths to the same goal.Ī number of startups have launched with the goal of helping Millennials & Centennials become comfortable with investing. ![]() The social media has seen hundreds of startups including recent popular apps such as Viber (voice calls), Periscope (video streaming) and Snapchat (disappearing photos that has filed for an IPO at a valuation of $25 billion), whose founders all wanted to facilitate the creation of virtual communities. One of the amazing aspects of innovation is how different people can approach the exact same problem from completely different angles. ![]()
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