All you need to know about GCash Invest Money

All you need to know about GCash Invest Money

Last month, I finally had a chance to enable the GCash Invest Money feature on my account. I wasn’t able to get it done in the past because after some app updates my fully verified status was wiped out. I thought it may take a while for me to verify again but I was wrong. It only took few minutes after sending IDs.

I should’ve done it in the past.

Related Post: Full Review about GCash

Anyway since I was able to fully verify my account again, it is time for me to try out the new features that I have missed. One of them is the GCash Invest Money. Let’s discuss a few things about it and some insights about my experience in using it.

BTW, just a simple disclaimer, I am not an expert when it comes to Investments. I’m just really into trying this feature out and if it’s worth it then I’ll continue using it. We may need to check out some financial advisors about complex ideas about investing.

First of all, what is GCash Invest Money?

Well, from the word itself, it is the investing platform provided to GCash users. It allows you to use your GCash balance to subscribe to an investment, very straightforward.

Few terms to be aware of…

  • Subscribe this is your way to buy an investment on GCash.
  • Redeem to sell out your investment and turn it into GCash balance.
  • Risk Profile is your willingness to take risks in making investments. It can be conservative, moderate or aggressive. Usually, lesser risks have lesser returns and lower chance of loss. While higher risk can provide higher returns and higher losses. Your risk profile is determined by answering a few questions when Signing up.
  • NAVPU this is also known as “net asset value per unit”. Since I am just a normal person and not a financial advisor, I’ll define this in a normal way too. When subscribing to an investment they’ll give you NAVPU, it is like when you buy rice 60 PHP per kilo. Kilo is same as NAVPU. If you’ll buy rice for 90 PHP, you’ll get 1.5 Kilos. Meaning you invested 90 PHP for the value of 1.5 NAVPU. Gets? Hahaha.

How to get started with GCash Invest Money?

You must be a fully verified GCash user first.

Gcash account must be on fully verified status

On the app, you just have to open the Invest Money icon and follow the on-screen instructions. That also includes agreeing to Terms and Conditions and answering the Risk Profile test.

Make sure that you answer them truthfully and understand the possible losses you may encounter in investing.

They’ll send you an SMS if it is approved or not. In my case, I got the approval message a few minutes after registration. I am not sure if this may vary and why there is an approval process but for reference here’s the FAQ answer by GCash why some may be disapproved.

ATRAM, our partner product provider who screens registrations, is required to conduct standard due diligence on the prospective investor. As such, if the investor fails to meet certain pre-set criteria, their registration submission may be declined.

FAQ answer by GCash why some may be disapproved.

Once your account is verified you can start investing for as low as 50 PHP.

Subscribing and redeeming your GCash Invest Money

When subscribing for an investment, the entered amount will be debited from your GCash automatically. However, the subscription will remain pending and may be completed within 1 to 2 banking days.

Meanwhile redeeming an investment is different. It usually takes 2-3 banking days to show up on your GCash balance.

Whether you are subscribing or redeeming the minimum amount they can process is at least 50 PHP. No subscription or redemption fees. That is the cool thing I like about it.

I tried checking things about investing in the past and most of the investing platforms have fees when redeeming early or whatsoever. With GCash Invest Money you can subscribe and redeem anytime you like without any fees.

GCash Invest Money Partner

Source : GCash Invest Money Website

GCash partnered up with investment companies to provide this service possible to common Filipinos. I remembered seeing two partners during registration. On their website, they mentioned Seedbox Philippines and ATRAM. I am not familiar with these investing companies or whatever but that is their partner, just in case you wanted to know.

Setting up reminders for investing!

Setting reminders when investing with GCash

This feature is quite amazing because you can set up reminders to invest so you won’t forget about it.

Experience and investment trial logs…

I like that GCash keeps on improving their services to enhance our financial awareness and provide more reach to services that most Filipinos had no access with.

I started investing in May 27, 2019.

  • My Risk Profile : Moderate
  • Investment Product : ATRAM Peso Money Market Fund
  • Product Risk Classification : Conservative

From May 27 up to June 17, 2019, I have done 5 subscriptions and 1 redemption for testing purposes. Currently, my total invested amount is 1200 PHP and in this period it gained 1.27 PHP. For me, it is a good sign because it is higher than savings interest.

With bank deposits you usually get cents for monthly interest and will deduct some tax.

Some important notes

Feel free to share your experience or ask questions in this post. I am aiming to make this content helpful and useful by updating it from time to time. However, I’d like to let you know that I am not from GCash or affiliated with them so for any serious and account related concerns, contact them at [email protected]

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This Post Has 8 Comments

  1. I tried it once but had to redeem it for some reason. Investing money isn’t bad because you’ll earn something from it. If you’re a type of person whos into saving, i’d suggest this feature of gcash. So far, i dint experience any losses on this.

    1. Thanks for sharing your thoughts Ferdie… I planned to invest at least 500 every other week to make some difference. I guess having a moderate risk profile is quite enough to get away with some losses hehe.

  2. This is really a good alternative in investing money esp. to our fellow kababayans who can’t go to the banks (for other investment options) due to lack of requirements or can’t meet the minimum amount required.

    If you’re in this for the long term, perhaps you can try to change your risk profile from conservative to aggressive. But if you are comfortable with your current risk appetite, then just continue it. Besides, the interest you earn in Gcash is still higher compare to savings account in other banks.

    1. I agree on that Jeff.. Apparently I can’t seem to find an option to change the risk profile.. I wanted to retake it sana.

      1. If there are no options in changing your risk profile, maybe you can just create another Gcash account? I don’t know if its possible using the same name, pero alternative lang naman ‘yun kung talagang gusto mong magpalit. Update us if ever makapagpalit ka ng risk profile.

  3. sbi nd daw pde iretake ung risk profile.. eto reply nila via email

    “Apologies for delayed response. Please be advised,users are currently not able to retake the Risk Profile Questionnaire (RPQ) mandated for users by the Bangko Sentral ng Pilipinas (BSP). However, you may still invest in funds that have a higher or lower risk classification compared to your own risk profile. However, for funds that have a higher risk classification than your own risk profile, you will need to sign a waiver by clicking ‘Proceed’ on the warning that pops out upon clicking ‘Subscribe’”

    but I never saw any funds with higher risk classification on products section to do this waiver that they are telling me…

Any comments?

miely

Miely is a working mom that writes during free time about personal thoughts and experiences. She loves sharing things that may be useful for other people too.
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