How to invest your money with GInvest from GCASH, minimum Php50
Many people think that investing involves a lot of money and that “ordinary” people like them are not qualified because they do not have millions of pesos to spare. The reality is that there are now many options for investments as low as Php50!
GCASH is the country’s first mobile wallet
There is no doubt that GCASH is the first mobile wallet in the Philippines. Although it also has strong competitors in this segment, it holds the largest share of the market with over 33 million users at the end of 2020.
As the BSP (Bangko Sentral ng Pilipinas) aims to convert the Philippines into a coin-free society by 2025 and double the number of adults with bank accounts by 2023, GCASH is expected to continue to be the market leader. .
What’s great about GCASH these days is that it now offers a variety of other financial products. For example, thanks to GCredit, users can use the GCASH system in the same way as a credit card, but without going through the strict processes that banks require of their customers.
How to invest on GInvest using GCASH
Recently, GCASH launched GInvest. While banks typically require at least 10,000 Php for clients to open an investment, GCASH users can start growing their money for a surprisingly low minimum of 50 Php! There is no commission or sales charge.
Additionally, GInvest only requires GCASH account verification for users to start investing. In addition, cash-out and cash-out transactions are carried out through the GCASH wallet.
Follow these steps to start investing on GInvest:
Step 1. Open a GCASH account and get verified. Once the account has been verified, click on “GInvest” using the GCASH application.
Step 2. Complete the Risk Profile Questionnaire to register your GInvest account. The app will determine what time of investor you are, classifying users as “conservative”, “moderate aggressive” and “aggressive”.
The investment options available for each profile will be different, as will the interest rates and minimum investment. Obviously, aggressive investors are likely to earn more; but they are also the ones who risk losing the most if the investment fails.
Step 3. Once your account is approved, you can see the investment options. Study the options and choose the investment fund that’s right for you.
Step 4. Purchase units of your chosen funds using your GCASH balance.
Step 5. Track your investments and watch your money grow. The great thing about GInvest is that there is actually no holding period. There are also no expenses deducted from the investment if you decide to sell your units.
GInvest is a great option for those who want to grow their money. Take note that like all other investments, this does not 100% guarantee that you will make a lot of money. As a general rule of thumb, be sure to invest only what you can afford to lose.