Money Hack: Become an investor for the price of a coffee

Elizabeth Barry 31 May 2017

microinvesting

Micro-investment platforms help you invest your spare change according to your risk appetite.

Investing can offer a way for you to grow your money, but to make it worth your while, investing takes time. This is where micro-investing comes in.

The hack

If you haven't heard of micro-investing or robo advice then you might not have heard of a company called Acorns. Acorns is one of the few platforms which can invest small amounts of your money on a regular basis according to a risk level that you select.

By linking your bank account or credit or debit cards to the micro-investment platform you can become an investor without even thinking about it. In the case of Acorns, it will round up transactions according to preset limits in your account so that you won't even notice the funds being invested.

You can check to see how your investments are going and change your risk level if you want to.

Acorns isn't the only micro-investment platform available – check out our comparison.


finder money hacks is a bi-weekly roundup of the latest tips and tricks to improve your finances. Check back every Wednesday and Saturday for new hacks.

Picture: Olga Kashubin/Shutterstock

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