“Invest while you’re young,” they say, but once we ask “how?”, only a few people can explain the process in details. Investing may sound like a tedious process, especially if you’re the type of person who prefers to monitor the market, but thanks to modern technology, this is now possible even through a mobile app. To make investing more accessible and affordable to Filipinos, mobile wallet app GCash recently streamlined the whole investment process with the launch of its latest product, GInvest.
GInvest, the first-ever digital investment platform which allows Filipinos as young as 18 years old (provided that they have a valid ID) to explore investments and conveniently grow their wealth through a few taps in their GCash app.
HOW TO CREATE AN INVESTMENT
To start investing via GInvest, you simply need to:
- Log in to your GCash app using a fully verified account.
- Go to the GInvest module and select “Proceed to start registration”.
- Answer the Risk Profile assessment, which helps you determine which investment you should make.
- Read before agreeing with the Terms and Conditions!
- Start investing and monitor your investment through the app. You can now buy and sell stocks in a few taps.
What’s convenient about GInvest is that you can get started with as little as ₱50 buy-in for local funds and ₱1,000 for international funds, making it accessible to anyone. These affordable rates make GInvest by GCash the first fintech company in the Philippines to offer low investment buy-ins. Normal investments that I’m familiar with would require Php 50K-100K to start.
HOW IT WORKS
Through GInvest, users can choose among five different funds such as the following:
- Money Market Fund – the more traditional way of investing such as time deposits, using this as a place to park your money before investing.
- Philippine Total Return Bond Fund – lets users invest in bonds in local companies and the government
- Philippine Smart Equity Index Fund – allows users to invest in the top local companies in the country through the PSEi index, such as BPI, Globe, and Ayala
- Global Technology Feeder Fund– lets users invest in tech trailblazers like Google, Apple, and Samsung
- Global Consumer Trends Fund – allows users to invest in innovative companies like Shopee, Nintendo, or Alibaba
For more information, you may visit www.gcash.com/services/investments or watch their recent webinar called GCash Money Talks: Gustong Mag-invest But Don’t Know How? with digital creators Melissa Ricks, Thea Bautista, and Lou Sanchez.