What you need to know about the new investment app that is going to revolutionise the way we invest
It’s a simple, yet powerful investment app, that lets you create, manage and share your own portfolios of stocks.
The App is coming to the US in October, but you can already get a trial today.
It’s called Acorn Investments, and it is available for iOS, Android and Windows Phone.
Acorn Investments uses an AI-powered algorithm to look at your portfolios, and then automatically invest in stocks that are at the top of the market.
You’ll be able to buy, sell and hold the shares, and your money will be invested in the stocks that will perform the best.
The app is not an investment advisory service, nor a brokerage.
Acorn Investment says it will use a mix of the services that help people save money, and will be offering a range of investment products to different sectors.
It’s all about investing, Acorn says in the app’s website.
“Acorn invests in all sectors of the economy and is committed to being the best investment advisor in Australia, to be the first to invest in the stock market, to help you save money.”
There are four main categories of stocks you can invest in: tech stocks, healthcare, tech-based equities and other non-tech-related stocks.
In the first two, Acro is one of the top performers.
The app’s CEO, Michael Fiske, said he’s “extremely impressed” with the quality of the apps offerings.
“We believe that Acorn is an exceptional platform and we believe that they will be the leader in the future of investing,” he said.
“In terms of technology, Acorns platform is unique, in terms of the ability to combine different asset classes and investment methods in one platform.”
In the third category, Acos stock returns have been “unbeatable” for the past five years, according to the company’s website, and the average return over the past 12 months has been over 20 per cent.
Fiske said the average investment for Acorn investments is now $2.70.
“That’s an average of 3 per cent per year, and that’s one of those investments that can be very lucrative.”
When you combine that with a real return and an opportunity for growth, it’s one that can pay off,” he told ABC News Breakfast.”
If you can put that money in a real account and make a real profit, that’s the best asset class to invest into.
“Acorn says that its portfolio of over 1,000 stocks is currently valued at over $2 billion.”
The number one thing that we’ve done is get our investors to invest more in their accounts and then they’re rewarded with a return,” Fiskel said.
The company also provides free advice and other financial resources.”
This is our way of making sure that we’re doing the right thing for the community,” Fisk said.
There’s a catch, though.
The Acorn investment platform is not a broker or investment advisor.
Acorns founder Michael Fisk is adamant that he’s not trying to make money.”
There’s not going to be a profit margin, we’re not going out of our way to get commissions or fees,” he argued.”
Our main focus is investing in the best technology and making sure we’re investing in high quality stocks.
“The app will launch to Australian users on October 28.
It can also be downloaded on the US iOS App Store.
The firm has raised $500,000 in seed funding.