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I believe that everyone needs a passive investment platform working in the background to help build wealth. It doesn't matter if one is an insanely active investor or has never invested before in their entire life, having a passive investment platform in the background building wealth is important. For me, I do this through the app Acorns. I'm an active investor with a portfolio of many different companies, but I use Acorns to passively build wealth for myself.
I do this by setting up a recurring deposit on Acorns so that every single week a certain amount of money automatically gets transferred to Acorns which invests my money into different ETFs (exchange traded funds). I never look at my Acorns app. I never do anything with it. I just have it in the background investing money and building wealth for myself.
This is a huge benefit for people who do not know how to invest. Everyone knows that they should be investing, but many people are not investing simply because they do not know how. Having a passive investing app like Acorns allows people to invest their money without having any knowledge on the stock market itself as Acorns invests it all for you. One does not have to know how to invest as Acorns does it for them.
This is also a huge benefit for those who are investing through other methods though. Having a certain amount of money going to a passive investment app that they don't touch allows one to build wealth in the background. Even if its a small part of a much larger portfolio, it is still a good thing to have.
I believe that everyone reading this should download Acorns or another passive investment app and set up a reoccurring deposit and then forget all about it for many years.
Acorns charges just 3 bucks a month for managing your money which is obviously very cheap for this kind of service.
Want free stuff? Of course you do!
If you sign up through our link, you will get 5 bucks for free just through doing it through us.
I encourage you all to sign up at - www.acorns.com/invite/LXHSGB.