Question

Explain the idea of micro investing apps (robinhood, acorn, stash,betterment) ?

Answer 1

Micro investing apps is the preferred solution for millennials. It helps the user to save small amounts of money regularly. It provides the opportunity to save and money to save money regularly. Micro investing app, Acorn, takes uses of the change in the user’s transactions and puts it into savings. This is done automatically. It allows the users to invest the extra cash in stocks. It does not require the users to do strategic savings. It does not require much effort. It helps to bypass brokerage account minimums.

I hope that was useful :)