Embarking on an Investment Journey: Navigating the Choice Between Public.com and Acorns for Novice Investors.

Need help choosing between Public.com and Acorns for beginner investing? Let’s break it down!

Both are excellent platforms for newbies. If you like to be hands-on, Public.com is your best bet. You can trade stocks, funds, and even cryptocurrencies. It makes investing a social experience, providing a platform for you to connect with others and get insights from experienced investors. The best part? It’s free to get started and offers additional learning opportunities.

On the other hand, Acorns is for those who prefer a steadier, more hands-off approach to investing. It’s simple, user-friendly and great for those who don’t have big budgets to start with. It uses an automatic investing approach, rounding up your spare change into diversified portfolios. Besides standard investing, it even offers retirement and checking accounts.

Here’s how they compare:

Public.com:
-Wide range of investments available
-Social platform features to connect with other investors and gain insights
-Free to get started, with no account fees
-Beneficially, it offers Fractional Shares (wherein you buy slices of high-cost stocks) and Dividend Reinvestment Plan (DRIP, automatic reinvestment of your dividends)

But it has limited account options and mediocre research tools.

Acorns:
-Caters to consistent, automatic investing using spare change
-Offers investment accounts for children and cashback through partner brands
-Tailors portfolios based on risk levels

But it has very limited options and could be relatively expensive for small accounts.

In the end, your choice between Public.com and Acorns will depend on your personal investing style. If you like to be more involved, Public.com might be the way to go. If you prefer to automate investing and forget about the everyday hassle, then Acorns should be your pick.