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Acorns vs. RH vs. Schwabe
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I'm hoping to get into investing more. I've had a Schwabe account for a few years, but haven't actually done any investing through it. I've used Robinhood for a few years, but really just because I bought a few stocks and forgot about it until recently. I also recently joined up with Acorns, which I've been enjoying.

That being said, what is my best option for investing long-term?

Schwabe seems to be the most "professional" of those options, but it's overwhelming to start. Am I overthinking this? Do I just put in some money and choose ETF or Index Funds that I want to be a part of? Lots of control with Schwabe, which I like long term, but would like simple to start, as I'm not paying attention to markets constantly.

Acorns has been great because it allows me to continuously invest money without thinking about it. Downside here is that I'm not picking specific stocks or funds, just choosing markets and putting trust into the application to do it for me. Its been fairly easy to start up since it allows you to easily set-and-forget, but eventually i'd like more control than what it provides.

Robinhood seems great to buy individual stock, but I get the feeling it's used for more short term trading. I don't necessarily want to buy specific company stock, either. This is the method I'm least interested in, unless someone has a compelling reason as to why I should use it.

Is there a bigger upside to one of these over the others? Bigger downside? I'm looking to invest on a regular basis, but not absurd amounts - Maybe a few thousand a year.

Can i utilize both Acorns and Schwabe? Or should I focus on having my eggs in one basket to maximize returns?

Appreciate the insight!

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6 years ago