Overview
GCash is a well-known mobile app e-wallet offered by Globe which users can use for many cashless transactions like paying bills, money remittance, money transfer, bank transfer, online shopping and even buying e-loads. With the growing features of GCash app, it has even expanded from being an e-wallet to becoming a platform as your financial investments. Yes, you heard it right! Gcash has new feature which allows you to invest in their diversified investment funds to grow your money instead of stashing it only in your bank. But what do GInvest really is? How can you invest on it?
What Is GInvest?
GInvest is one of the financial services offered by Globe along with GLoan and GGives. With GInvest, the user can select to buy (Invest) any investment products or funds listed on GInvest for as low as PHP 50. This feature was made possible thru partnerships with Sesedbox Philippines and ATRAM (one of the trust corporations in the Philippines which provides and manages the funds in GInvest) and is regulated by the Bangko Sentral ng Pilipinas.
Risk Profile Assesment
Before you can start to invest, you will be assessed thru questionnaires to learn the kind of investor you are. Investor can be categorized according to their risk appetite and can be one of the following: Conservative, Moderate and Aggressive. The conservative type means your risk appetite is very low and so thus your return of investment (gain). The opposite goes for an Aggressive investor. An Aggressive is a type of investor whose risk tolerance is high and so thus the return of his investment. While for Moderate, the potential loss and gain is just in between of Conservative and Aggressive. Like gambling, the the higher you bet, the higher your prize is (if you win) as well as your loss (if you lose). However, unlike gambling, your money is ran by professional fund managers of your chosen investment product/fund in GInvest. These Fund Managers are the ones who invest your money in different financial instruments such as stocks and bonds so your risk of loss is minimized.
Going back to your assessment, your risk profile is being established to learn the best investment products suited to your risk appetite. The result of this assessment will also serve as your guide in choosing and buying your investment funds.
Who Are Eligible To Invest In GInvest?
In order to participate in investments offered by GInvest, Gcash users must must meet the following requirements:
- Must be 18 years old and above
- Must be fully verified (KYC ~ Know Your Customer)
- Must not be tagged as a Power Pay Plus account (payroll)
Investment Products Offered By GInvest
Below are the current investment products you can choose to invest from GInvest:
How To Apply For GInvest Account
Step 1
First is to login to your Gcash account by clicking the Gcash mobile app shortcut icon.
Step 2
Once logged in, click the View all Gcash Services and under Financial services tab, click the GInvest icon. On the succeeding screen, just swipe until you reach the first page of registration. From here, you will be prompted to confirm your email address where GInvest will be sending all your correspondences. After placing your email, just click PROCEED button.
Step 3
From here, you will need to answer the following questions truthfully to assess the type of investor you are. Don’t get scared on answering the questions as you are not buying/investing anything yet from here. Then just click the NEXT button to proceed to next pages.
Step 4
Next is to confirm your citizenship. Just select NO if you are a Filipino. Then you will be redirected to next pages for confirmation of your answers to the questionnaires. Just click CONFIRM once you verified your answers then tick the box for Terms and conditions to read it and accept if you agree to it.
Step 5
Finally, your risk appetite assessment is completed. You will find in you screen the type of investor you are similar below:
Step 6
Lastly, GInvest will notify you via email and SMS once your registration has been approved similar below. Now your ready to start investing.
How To BUY Funds on GInvest
- From your GInvest dashboard, click on VIEW INVESTMENT PRODUCTS.
- Then select the Investment Product you wish to buy.
- Tap on “BUY” button.
- Enter your desired amount to buy and click “NEXT” button.
- Agree to the Terms and Service by ticking the corresponding tick box then tap “Confirm” button.
- You will then see the confirmation of your order.
How To SELL Funds on GInvest
- From your GInvest dashboard, click on VIEW INVESTMENT PRODUCTS.
- Then select the Investment Product you wish to sell.
- Tap on “SELL” button.
- Enter your desired amount to sell and click “NEXT” button.
- Agree to the Terms and Service by ticking the corresponding tick box then tap “Confirm” button.
- You will then see the confirmation of your order.
Frequently Asked Questions
Are there fees on these Investments?
No. Investment in GCash has no fees. Transactions (Buy/Sell) has neither charge.
Are there bonds or holding period in Investment?
No. There is no minimum holding period so users can buy or sell anytime.
What Is NAVPU
NAVPU (Net Asset Value Per Unit) is the unit price of specific fund. This is computed by dividing the fund’s overall value by the total number of the units of fund. This may increase or decrease anytime depending on market performance.
Is My Money Insured by PDIC (Philippine Deposit Insurance Corporation)
No. Your money in your fund is not a saving like your savings in the bank. Your money may grow or decrease depending on the market performance thus your funds are not insured by PDIC.
Final Thought
Regardless of the result of your risk appetite assessment, users can still opt to chose funds that are more or less aggressive than their risk profile (just be sure you know the risk). I was a moderately aggressive investor according to GInvest assessment but since I’m planning to invest in GInvest for a long term and willing to take more risk in return for higher gain, I choose funds which are aggressive such ATRM Global Technology Feeder Fund. I started 2K investing in this fund and planning to invest regularly every payday. And if you too are planning to invest regularly on your chosen fund, you can also set a reminder in this fund wherein an SMS alerts will be sent to you on your chosen schedule to remind you to add more fund.
I hope this blog guides you towards your financial freedom. Happy investing mga ka-butingting!
In case you want to know more about GInvest, you may visit their official website here.
