Acorns has released their new socially responsible investment option, the Emerald Portfolio, huzzah!
I’ve been using Acorns since they announced Beta testing in Australia last year, and I don’t think I’ve shut up about them to friends and family since. For those not in the know, Acorns works by micro-investing your money in diversified ETF, rounding up every purchase to the nearest dollar and investing that change in your chosen portfolio.
And it is GREAT
This is my portfolio at the moment:
Not enough to retire on yet, but that +$152.81 is the amount of money I’ve amassed just from upward movement in my shares. Not a bad return for parting with a few pennies here & there, is it?
This figure is also after withdrawing $600 to have a play around with BrickX – a new crowd-sourcing approach to property investment that sounded intriguing (BrickX isn’t exciting me so far but let me know if you would be interested in hearing more about it anyway!)
My one reservation with Acorns has always been that you have very little control over exactly what is sitting in your portfolio – you choose the level of risk you are happy to take and the algorithm takes it from there. Which is why when this email landed in my inbox on Thursday, I did the biggest happy dance I’ve done all week and rushed to change my portfolio over! As someone who’s trying to educate herself on living a sustainable life, knowing that I can work towards my financial goals and invest in line with my beliefs has made my obsession with Acorns even stronger.
If you live in Australia and want to give micro-investing a go, you can sign up with my referral code here (we’ll both get $2.50 in our Acorns account as well!)