Disclaimer: I am not a financial advisor. Further research is encouraged. Let us continue, shall we?

As usual, I watched a YouTube video on what to do when I want to start investing. I am currently studying Economics in school, and I remember one of my professors who happened to teach Financial Institutions and Markets said to his students: “Start now; don’t wait when it comes to investing.” His rationale was that we are young and can afford to make mistakes in the stock market. We can afford to be as eager or aggressive as we want. When you are older, you might have a family, an excessive amount of bills to pay, or you simply want to be more cautious so that you can indulge in your retirement days. My point, or his point rather, is to get in and see how your money can grow over time. The problem was I did not know how? I am not an expert when it comes to bonds, stocks, mutual funds and etc., but just because I am not an expert does not mean I can’t learn. I had to re-evaluate my thoughts and stop telling myself just because I don’t know doesn’t mean I can’t participate in the market. After all, there are many participants, both buyers and sellers, who are learning every day! Dear Only Child, just because you do not know everything about a topic or concept, you should not inhibit yourself from trying. Let us be honest with ourselves; no one knows everything about the stock market, even the investment brokers. The stock market prices represent the company’s future price or true value, and based on how the economy is doing, the price can favor the buyer or seller. 

So, only child, what am I saying? I am saying I knew very little about stocks, but I was interested in them, so I researched. I came across ACORNS. It invests my money by rounding up. For instance, if I buy water for $1.50, Acorns round-ups to $2; therefore, I spent $1.50, but they kept $0.50, and once my round-ups are $5, it will invest the money by purchasing small and large-company stocks, real estate stocks, government and corporate bonds and emerging market stocks. Some companies in my portfolio include Jarden Corporation, Alibaba, U.S. Treasury Note, and many more. I do what to make clear that I do not choose the companies; Acorns handles that job. I was skeptical because even though the YouTube video that I watched: https://www.youtube.com/watch?v=JOkpNRJrePA was quite informative and made me feel assured in terms of what the company does and how the process of investing can be done by using my phone, I was like ummmmmm, is this app legit? So, I downloaded the app, and in the video, FocusSpender mentions how Acorns can automatically deduct $5 weekly from your bank for investment purposes. I also signed up for that, but only for a short period. 5*4= 20 and 20*12=$240. I am a college student. Therefore, I needed to cancel that weekly $5. Acorns has a subscription service that costs $1 monthly until you have invested $1 million. 

.

.

.

I gave the app a try, but recently (back in November), I closed my account because I was going through this phase where I analyzed some of my automatic payments and canceled the unnecessary ones, and Acorns was one of them. So, I thought.  I contacted customer service and informed them that I wanted to cancel my account, and to my surprise, in six months, my total investment was $38.96. 

I know it’s not a lot, but it is a start! When I realized my money was actually growing, I re-opened my account in November. I began investing, and dear only child, have you? 

Not to worry! Start investing with Acorns today! Get $5 when you use my invite link: https://www.acorns.com/share/?advocate.partner_share_id=3404656874490831&shareable_code=CWDHEUZ(Use Firefox or Google Chrome).- updated link as of 08/31/24.

Don’t forget to check out my Youtube Channel(Modish_ye) because I will provide more information in my description box and in the video on Acorns!!

.

P.S. The song associated with this post is Money by Cardi B.

Disclaimer: The opinions in this blog post are my own. Please conduct your own research. Results may vary. I am simply sharing my experience, and because I believe in this company, I included a link for you to start investing now. However, the Acorns link is an affiliate link, meaning if you click the link and decide to invest, I may receive an investment bonus from Acorns.