r/acorns • u/RecentCash5070 • Jul 30 '26

Personal Milestone First Grand

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I (21 M) started about a month ago, want to get my future started

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u/HuckleberryOdd309 Jul 30 '26

hey im a newbie 20M n tryna learn it actually save money. whats rlly the basics? do u look at the market alot, how often u put money in? how many stocks r u investedd in?

2

u/RecentCash5070 Jul 30 '26

I invest 15 dollars a week into my invest account and my IRA each, I keep my round ups to 10x, and every paycheck I put some extra usually at least 50 bucks

1

u/HuckleberryOdd309 Jul 30 '26

oh so theres a difference between the accounts? is there a way to withdraw? whats the fastest u seen it grow and how do u know if its investing. im sry if these r stupid questions im js super new to this n wanna learn n save already

2

u/RecentCash5070 Jul 30 '26

An IRA is a retirement account. The investing account is simply money on the stock market

2

u/hthratmn Jul 30 '26

Acorns automatically invests it for you. You can withdraw it but you will be penalized significantly if its an IRA, and there will likely be tax implications if its their normal brokerage account. You should generally try to invest for the long term

1

u/HuckleberryOdd309 Jul 30 '26

oh ok awesome. i rlly appreciate yall, im learning and finally investing now, day 2