Acorns

Noah Kerner, CEO/Chair of Acorns, joins Dante Simpson, Ph.D on the latest episode of The Table, to discuss how small amounts saved and invested everyday add up over time, through the power of compounding. According to Kerner, Acorns is built upon the premise, "putting the responsible tools of wealth-making in everyone's hands. Wealthy people make money putting assets in diversified portfolios, and holding it, not panicking". Join us to learn about the company's vision, their future and their various products. FINTECH.TV

The American Dream is not dead. You have the power to go get it. By: Noah Kerner, Acorns’ CEO I remember watching my mother — a brilliant, savvy, hard-charging woman — become completely overwhelmed at an ATM. And her nervous reaction to money and interacting with it, in turn, instilled a deep-seated conservatism with my own money. Even small moments like these leave a lasting impression on any child, including me, when it comes to adult decisions. So, in my twenties, instead of investing, I hoarded my savings, diligently putting money away but not investing — that just seemed too risky. This cautious approach caused me to miss early opportunities for compounding interest and wealth building earlier in my life. And it wasn't until I sought a financial advisor's help that I could start making smarter decisions with my money. It was the push I needed then, and I was lucky to be able to afford an advisor. Reflecting on that now, I realize how crucial it is to help others avoid making the same mistakes, and it is one of the many reasons I have built and led Acorns.  Even a handful of decades later, when the market is unexpectedly turbulent, that little voice from my childhood urges me to pull my money out and hide it away to keep it safe. It's those times that I have to bring out my very consistently used mantra: "Every downturn ends in an upturn." And it's this patience, consistency, and willingness to wait that have shown me the long-term benefits of sticking to a long-term investment strategy. 'The American Dream is not dead' Today, we often hear a different mantra that can drive many to adopt the same cautious habits of stashing money away: the American Dream is slipping away. Even something as simple as a grocery receipt today can validate that thought. - Since February 2020, the cost of goods has risen by over 20%, leading to increased credit card debt, reduced savings, and growing concerns about meeting basic needs.  - Many young Americans are worried about the collapse of Social Security or expect little to no payouts.  - Alarmingly, one in five Americans over 50 have no retirement savings, and more than half are concerned they won't have enough to last through retirement. Traditional pensions are nearly extinct.  - According to Acorns' 2024 nationwide financial wellness survey, almost 1 in 4 people — and specifically, 1 in 3 Gen Z and millennials — fear homelessness due to their financial situation. But the American Dream is not dead; this is a large part of why I do what I do. Why waking up every day to help everyday Americans get over the investing hurdle like I did continues to be such a personal mission. And you don't need a significant investment to start, or even a financial advisor. #investing Continue reading here 👇 https://lnkd.in/gpuCvDWG

Last week the Federal Reserve cut interest rates by 0.50% — a bigger cut than most investors expected. It likely won’t be the last time the Fed cuts rates in 2024 or even 2025. So with rates potentially dropping even further, here’s what it can mean for your money. #investing The good news… - Interest rate cuts may be a good thing for the stock market. That’s because bonds may now earn less income, and investors will want to make up for that shortfall. So they look to assets like stocks to potentially generate higher returns. -The cost of borrowing might also get cheaper. A lower interest rate means it could be less expensive to take out a new fixed-rate loan, like a mortgage. If you already have variable-rate debt, like credit card debt, you may pay a little less in interest, as well. The not as good news … - You can also expect your money in high-yield savings accounts to potentially earn less interest, or APY (“annual percentage yield”). The silver lining: these rates are still high when compared to a traditional savings account, making high-yield savings accounts a great way to save for the short-term. - But if you have long-term goals, and most of us do, you should be investing in the market instead. What you can potentially earn from an investment in the market well exceeds the earning power of a high-yield savings account. Think of it this way: an investment in the market at the start of the year is up almost 21% today. The key is to not let this change how you move forward in your money journey. No one knows for sure how the market will react to future rate moves. But if you stay diversified, you can set yourself up for a potentially smoother ride. This information is for informational purposes only and should not be considered as investment advice or a recommendation to buy or sell any particular security, strategy, or investment product. The contents of this article have been generalized, and the investments and strategies discussed may not be suitable for all investors. Any forward-looking statements may not develop as predicted and are subject to change based on future market and other conditions. Investing involves risk, including loss of principal. Please consider, among other important factors, your investment objectives, risk tolerance and Acorns’ pricing before investing.  Investment advisory services offered by Acorns Advisers, LLC (Acorns), an SEC Registered Investment Adviser. Brokerage services are provided to clients of Acorns by Acorns Securities, LLC, an SEC registered broker-dealer and member FINRA/SIPC.  For additional important risks, disclosures and information, please visit acorns.com.

Acorns Chairman and CEO Noah Kerner discusses the impact of the Fed's rate decisions on investors. #Investing

Thrilled to be on this list of top investing apps in 2024 from Yahoo Finance. But just wait until you see what we've got in store for 2025 👀 #Investing

The S&P 500 has been on a tear so far in 2024, but putting all your investments in one S&P 500 basket doesn’t mean you’re diversified. This chart shows us that the best performing investing categories are always changing. Some years the S&P 500 has grown the most, and some years it was global stocks, or even U.S. bonds, seeing the most growth. That’s why we have said it once and we’ll keep saying it again, and again, stay diversified.

Election years come with noise — but don’t let whatever happens in November derail your financial future. When you take a long-term view, you can see that, historically, the market tends to go up over time, regardless of which party controls the White House. #Investing #StockMarket All references to “the market” refer to the S&P 500 Index. The S&P 500 Index is a weighted index of 500 leading publicly traded companies in the U.S and often used as a market benchmark. References to total return includes the reinvestment of dividends and results are not adjusted for inflation. It is not possible to invest directly in an index. Unmanaged index returns do not reflect any fees, expenses or sales charges. Past performance is no guarantee of future results.

Google Wallet and GoHenry by Acorns have partnered to provide a smartwatch to help parents teach their kids how to manage money and spend it safely and responsibly. “Our collaboration with Google Wallet brings this to life on a wearable payment device, embodying our mission to make every kid smart with money and providing parents with more tools to nurture healthy habits in their kids.” - Acorns CEO Noah Kerner

We want to give your retirement a boost. Sign up for Acorns Premium, open an Acorns Later retirement account, and we'll give you a 3% IRA match on new contributions you keep for 4 years. #retirement #Acorns Get started today: https://lnkd.in/g_CdJeyW

"We are all about diversification. We try to get people to stick with it and remember that it's about time in the market, not timing the market. Stick with it, contribute regularly, and you'll benefit from the power of compounding over time." -Noah Kerner, Acorns CEO Neil Cavuto