Great question. Investing regularly is a historically proven top investing strategy. Plus, it makes it easy to invest in the child in the background of your life.
How to set up an Acorns Early Invest Recurring Investment:
- Log into your Acorns account
- Select the child’s name
- Select the "Recurring" shortcut
- Follow the easy prompts to set up the Recurring Investment
You can modify the Recurring Investment anytime. Investments transfer from your primary or linked bank account into the selected Acorns Early Invest account.
Why is a Recurring Investment considered a smart investing tool?
Thanks to a financial strategy known as Dollar Cost Averaging.
The two primary goals of Dollar Cost Averaging are to reduce the average cost per share, and to reduce the impact of price volatility. Historically, dollar cost averaging has been a more effective strategy, especially for passive investors, than trying to time the market.
We’re excited to help you grow your oak!
Important Disclosures & Information
All investments involve risk, including loss of principal.
Diversification, asset allocation, and dollar cost averaging do not ensure a profit or guarantee against loss. Clients' actual investment return and principal value may fluctuate, so you may realize a gain or loss when shares are redeemed or sold. Acorns does not provide tax advice. You should consult a tax professional for further information.
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