Acorns: Background Investing
I don't pitch anything unless I think it's worth your time.
I just got an email from Acorns that they'll plant ten oak trees if ten people to sign-up with my code by the end of January. And they'll give you the $5 to start!
Acorns is a brilliant little investment/savings app that rounds-up your bank, credit and debit card purchases and takes that "loose change" to invest. For example, if you buy some groceries for $59.82 it will take 18¢ and put it aside. When that loose change reaches $5 it transfers it into the account. You can also add more whenever you want, scheduled or not. I throw $10 a week in there because, honestly, I never really miss $10.
You can choose whether the investment is conservative, moderate or aggressive and it shows you exactly what is being invested in various types of stock.
I started with $5 in July 2015. By October 2016 it was up to $2400. I had to take out a chunk for an emergency house repair (thank goodness I had it) but my all-time market gain/loss is +6.17%. After the $1 monthly fee it's still yielding +5.24% (this number increases if you have more in there). There's no fee to withdraw or invest more. They also partner with businesses that invest in your account when you spend, like AirBnB and Jet.com.
If I don't touch it and stay this course the projection indicates $50K+ in 20 years. On loose change! Saving for college? Retirement? Weddings? Yeah, it won't pay it all, but it's a super-easy way to contribute to your future-self without really missing anything in the present. I call it "background" investing.
That's the pitch. Ten trees get planted if ten people sign up by 1/31 and they'll give you the $5 to start.