GCash is truly revolutionizing how the Filipino uses his money. This digital wallet provides several features so that you get more bang for your buck, like a savings account (with 4.1% annual interest!) and its very own credit line with GCredit. Another feature that got us interested is GCash’s investment marketplace called Invest Money, offering cheap and easy investing for all of its users.
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Many of us shy away from the idea of investing, thinking that it’s risky, hard to understand, and requires big money. But GCash’s Invest Money is investing made easy, promising to make it accessible and affordable. Where else can you invest for as low as P50 – the lowest investment amount ever?
Read on further to know more about GCash’s Invest Money, whether it’s safe and reliable, and how you can start investing with GCash today.
What is GCash’s Invest Money?
Invest Money is GCash’s very own investment marketplace, where you can use your GCash balance to subscribe to different investment funds from GCash’s partner product providers. Investing through GCash is a great way to make your money work for you by earning dividends and growing it further through the investment fund.
Compared to investment banks, GCash’s Invest Money is quick, easy, and affordable. Most banks require you to have a bank account and at least P10,000 to start investing. With GCash, you only need to have your account verified and the starting amount of P50. There are also no commission fees with GCash, so you always get the full amount when you start redeeming your earnings.
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How does GCash Invest Money work?
GCash partners with different investment product providers to bring easy investing to the table. Some of its current partners are ATRAM Trust Corporation and Seedbox Philippines. These partners offer products like investment funds and mutual funds where investors can subscribe to.
Investment funds work by pooling money from you and other investors and entrusting this money to a professional fund manager. The fund manager invests your money into a portfolio of different assets, like stocks and bonds. And as the value of the fund increases, so does the amount you invested into the fund. That is how your money can earn dividends through investment funds.
You can easily redeem your earnings and encash it to your GCash wallet, or subscribe it back to the fund to keep on growing your money.
Is investing with GCash Money safe?
GCash only partners with reliable companies to provide investment funds. These funds are managed by a professional fund manager that expertly navigates the market to ensure that the fund grows in value.
In terms of risk, GCash’s Invest Money was specifically designed with beginners in mind. For example, the ATRAM Peso Market Fund invests your money in a time deposit account, which yields higher returns compared to a savings account and has a low risk of losing. In general and in the longterm, the money that you redeem from the fund will never be lower than the money you put in. It’s easy to put our heads around without fear of losing big money, perfect for investing newbies.
In the future, GCash will also introduce more volatile investment funds that have more risk but give higher returns. This is great for more aggressive and sophisticated investors as well as for beginner investors to graduate to.
How do I Invest in GCash Invest Money?
Getting started with your investment journey is easy and hassle-free with GCash’s Invest Money feature. You can start investing your money through your GCash Wallet funds, with no need for a bank account.
Registering to Invest Money
- Open and log in to the GCash app on your mobile phone.
- From the GCash dashboard, tap on the “Invest Money” feature. If not in your dashboard, you can find it in the “Show More” section.
- Register and answer the Risk Profile Questionnaire.
- Confirm your registration. Once approved, you can start subscribing to an investment fund.
Subscribing to a fund
- From the GCash dashboard, tap on the “Invest Money” feature.
- Tap on “View Investment Products”.
- Depending on your risk profile, you will see the available funds to you. Select your desired investment product by tapping “View Details”.
- Tap on “Subscribe”.
- Enter the amount you wish to invest and click “Next”.
- Agree to the Terms of Service, and click “Confirm”.
- Your subscription order to the investment fund is now placed. It may take 1-2 business days to process your subscription.
Redeeming your investments
- From the GCash dashboard, tap on the “Invest Money” feature.
- Tap on “View Investment Products”.
- Select the investment fund you have an investment in by tapping “View Details”.
- Tap on “Redeem”.
- Enter the amount you wish to redeem and click “Next”.
- Agree to the Terms of Service, and click “Confirm”.
- Your redemption order is now placed. After 1-2 business days, your redeemed amount will be reflected on your GCash Wallet.
GCash’s Invest Money feature is an easy, no-frills gateway to your investment journey. It’s hassle-free, accessible, and affordable to anybody who is willing to try. With just your mobile phone and P50 in your GCash wallet, you can start investing today.
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