Acorns AU investing made easy

Acorns AU: Investing made easy (Part 1)

Editor’s note: Acorns AU is now known as Raiz. Any references to Acorns AU throughout this article refer to Raiz.


Ever thought about investing but haven’t had the know how or spare cash lying around? Looked into the stock market only to find that you need $500-$1000 to open an account? Well, look no further, Acorns is here to save your day!


Acorns AU is an investment App for your mobile that makes investing in Exchange-Traded Funds (ETF) super easy. With a few small steps, you can be investing your spare cash in one of 6 ETF portfolio options.


The ETF portfolio options range in risk and potential returns considerably. At the low risk, low return end there is the Conservative portfolio that is primarily invested in cash and bonds. At the other end of the scale is the Aggresive portfolio, which is primarily invested in Australian and Asian large cap stocks.


Additionally, Acorns AU added the Emerald portfolio a few months back. This ETF option is an environmental and social sustainability focused portfolio. It leans towards the higher risk, higher potential returns end of the scale.


Ive been using Acorns AU for about 10 months now and am loving it. I started out in the Moderately Conservative portfolio and then changed to the Emerald portfolio when it was released.


One of the biggest draws to Acorns for me was its Round Ups feature. To quote Acorns, Round Ups are “the virtual spare change captured from rounding up a transaction to the nearest dollar”. Essentially, this just means that if something you purchase using your bank account instead of cash contains cents in its value, i.e $20.55, then the “change” (i.e. 45 cents) from the $ is set aside for investing.


What drew me to this feature was the capability to establish an investment account without really noticing it. If I had to budget for my investments I’d never invest because I’d be too worried about losing my money.


However, because I don’t notice that money is leaving my bank account, I’m more relaxed about “parting” with the cash.



I opened my account with $5 and have slowly built it up to almost $600 over the last 10 months through Acorns Round Ups, dividends, returns and Found Money (I’ll review this feature in part 2 of this post).


Overall, I’ve been really happy with Acorns AU so far. It has allowed an investment novice to learn a few things about investing and shift my status from novice to amateur.


I will do a review of the app’s features in a future post. In the meantime, if you’re thinking about trying out Acorns AU, it can be downloaded from the Playstore for Android devices or itunes for Apple devices.


I am not an affiliate marketer for Acorns, but like everyone who signs up to Acorns AU I do have a referral link that scores $2.50 for both you and I if you sign up via this link:


Happy investing folks!


Cheers, TFC.


Content on this website is published in good faith and is not to be taken as financial advice. If you require financial advice or intend to take financial actions as a result of what you have read on this website, please consult a qualified Financial Advisor.

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The Flawed Consumer is a Gen Y consumer that is on a mission to achieve wealth simply by changing spending and lifestyle habits.

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