The Acorns app is an internet-based investment, saving and investing program geared towards young adults, teenagers and families that are just starting to manage, save, and invest for themselves.

Its investing philosophy is based on the timeless secret of compounding, diversifying, and holding onto it for years on end.

The program was designed by Jon Benson, PhD and Scott Thiel, CFA. The main purpose is to help you achieve your financial independence while giving you the tools and support to do so.

This simple concept can be difficult to grasp for some people. Robinhood gamifies investing and glorified high scores.

As a teenager you know that it will take some time before you make money as a result of your academic work. Because of this it is important to understand that managing your money is not a “get rich quick” plan.

The Acorns App tells you that it does not matter if you cannot get a job right away, but it does mean that you can make money. The first part of the Acorns App shows you how to set up some investments that will start you off on the right foot.

Acorns App shows you how to invest your hard earned money and save for retirement. You have two options: A debit card or a savings account.

A debit card is like having a cash drawer at your home where you can pull out cash whenever you feel the need.

Savings account allows you to make deposits into a realty entity (house, apartment, etc) using your credit card. Both of these options are meant to replace checking accounts, which are now obsolete since electronic transactions can be made with electronic check boxes.

Investing in stocks means paying out a monthly fee to an investor who buys and sells shares of stock.

These investors usually pay a commission to the broker in addition to the initial stock purchase price. If you like investing in stocks, you probably already have a brokerage account.

You may be an independent investor, or a member of an investment club, such as Better Business Bureau, EFT, or other financial group. There are many online brokers available who offer a variety of stocks, ETFs, mutual funds, etc. For example, EFT brokerage offers clients access to thousands of ETFs by investing in just the right ETFs that match their investing style.

An advantage of using brokerage services like EFTs is that they provide you with additional services and perks, such as free chart reports and stock alerts.

This way you can keep track of your own portfolio or that of your friends or family and even view a portfolio of recent investments and ETFs. There is also research and data tracking available if you want to dig deeper. There are even programs and calculators available for analysis of your investments.

In contrast, investing directly in an ETF does not give you any of these added benefits, but it does give you a direct connection to the company and the stocks it buys and sells.

You don’t need an account or a brokerage to buy the stock, but you do need to open an investment account, and there are fees to consider.

Fees can include the buying and selling costs, which may be fractions of a penny per trade, depending on the size of your portfolio. This is a much faster method than waiting for quarterly reports from your broker or investing in general, since you can buy and sell stocks at any time you want, day or night. You also have the freedom to set your own fees.

Investing in stocks and ETFs will diversify your portfolio, but it can make your portfolio even more volatile, since small changes can snowball into large ones very quickly.

However, since the rules of diversification apply whether you’re trading stocks, bonds, or ETFs, adding a mix of both can increase your safety. For example, if you’re trying to protect against sudden loss caused by large drops in value of popular stocks, you could use your ETFs to offset short positions in your primary portfolio and buffer those losses.

Overall, this app gives a good general idea of how ETFs work and how you can use them to protect and grow your portfolio. It doesn’t address all of the specific details about ETFs, such as what stocks to target, when to buy, or how much to spend on protection, but it’s a good overall starting point for people who don’t know enough about the subject to get themselves started.

If you’re already familiar with index funds and the concept of creating a diversified portfolio, this app provides some basic information that can help you get started. Even if you only have an incomplete understanding of how ETFs work, it can guide you in the right direction so that your financial goals can be reached.