Grab AutoInvest Discussion Thread

[fr33d0m]

Clearly u do not understand so don't suggest adding risks. There are different type of risks.

Posted from PCWX using SM-G960F

This is auto invest, you don’t get to choose risk.

What I am saying is what Grab can provide.

Grab can offer higher return with higher risk, it is up to individual to choose.

Current investment provided by Grab is a lost cause.

 

[AhSlack92]

Revisit a month later

 

[lousylah]

The whole idea is stupid, you need to topup your Grabpay wallet, pay for something using Grabpay like grabcar or grabfood and Grab will deduct either $1, $5 or $10 from your Grabpay wallet on top of your spending to invest the $1 or $5 or $10...

If you tell me that grab will sweep small change like you pay for grabfood for $17.20 and grab deduct $18 and invest the $0.80, it would have been better...

No option for lump sum or no option to withdraw other than trapping it to your Grabpay wallet, don't think anyone will sign up...But there are alot of stupid people around so you never know...

U sound like an imbecile. U are suggesting to invest small change of $0.80 instead of $5?

"alot of stupid people". so u think u are very smart?? If i rem correctly u are some advocator of robo investing. Well my grandma's FD fared better than yours!

as usual grab is not innovating anything here, merely copying proven ideas from other market.

https://www.fintechmagazine.com/venture-capital/fintech-profile-acorns-disrupting-investment
https://www.investopedia.com/articles/company-insights/090516/how-acorns-works-and-makes-money.asp

Acorns is one of the original robo-investor in the US. They target spendthrift americans by auto-investing everytime user makes a transaction. and they do have the round-up feature too - charge $10 for a $9.15 transaction with the difference being invested. 30-60cents per transaction x10 or x15 works out to $3-10 daily.

it helps also that US menu prices are always not round numbers - 9.99, 18.99, etc. a few items plus tax and your final bill will easily be something like $31.42 (nearly 60 cents when rounded to the next dollar)

...the company and product is already >5years old.

 

[ashethen]

If grab ban your account, should they suspect you didn't pay for your grab food or ride, then that's it. You have to go to the authorities to get back your investment. No smart person will invest with grab

Posted from PCWX using SM-N960F

 

[GreenTeaa]

If grab ban your account, should they suspect you didn't pay for your grab food or ride, then that's it. You have to go to the authorities to get back your investment. No smart person will invest with grab

Posted from PCWX using SM-N960F

wah this one sibei important disclaimer

 

[Jurong640]

How is everyone progress in this grabinvest?

 

[IronMan123]

Revisit a month later ******************

Your money will stuck at Grab wallet once transfer/withdraw. People don't want the money stuck just like CPF yet underperform CPF.

 

[sanzhu]

O. 10????
Buy tesla

 

[SBC]

Lost 2 cents now.

 

[Adi Dassler]

Now there is another investment option called earn+ anyone tried? Is it better than this?

 

[silverbomb]

Now there is another investment option called earn+ anyone tried? Is it better than this?

don't bother with Grab investment stuffs.

 

[Thoreldan]

Why would anyone want to invest via a company whose stock has plunged almost 60% ytd ?

Go open ibkr and do your etf monthly dca sounds like a wiser choice.

 

[Supersen]

Anyone received the following email from Grab?

We regret to inform you that we will be discontinuing our AutoInvest and Earn+ products and winding down the GrabInvest business in Singapore. This decision follows an extensive review which concluded that the business would not be commercially viable.

We understand that this is disappointing news, and we apologise for any inconvenience caused. We also understand that the discontinuation of AutoInvest and Earn+ may result in an earlier than desired redemption of your units in the funds. Where your redemption takes place on and from 25 September 2023 and results in a negative dollar value return on your portfolio, we will credit that equivalent dollar value to your GrabPay Wallet* as a gesture of goodwill.

How this impacts you

• From today, 25 September 2023, deposits will stop being accepted into AutoInvest and Earn+. Automatic transfers into AutoInvest have also been paused.
• You may withdraw your monies from either products through your preferred withdrawal method until 13 October 2023 (more details below). From 00:00 (GMT+8) 14 October 2023, no further transactions will be permitted from your AutoInvest and/or Earn+ accounts.
• From 00:00 (GMT + 8) 31 October 2023, your AutoInvest and/or Earn+ accounts will be closed. You will no longer be able to hold funds in either account. You will still be able to view your account details and transaction history until 13 November 2023, and contact customer support regarding your account(s).

Important actions for you to take

• Please do not make any new deposits into Earn+, and cancel any recurring deposits from your bank to Earn+
• Please withdraw all monies in your AutoInvest and/or Earn+ portfolios by 13 October 2023:
  • AutoInvest: Withdraw your funds to your GrabPay Wallet.
  • Earn+: Withdraw your funds to your specified bank account, or to your GrabPay Wallet. Do note that you will only be able to withdraw up to a maximum of 90% of your Earn+ balance to your GrabPay Wallet.
• For withdrawals from either AutoInvest or Earn+ to your GrabPay Wallet, do note that you will have to ensure that the amount withdrawn will not cause your Wallet balance to exceed the regulatory limit of S$5K.

https://help.grab.com/passenger/en-...-if-GrabInvest-closes-down-or-stops-operating

 

[Adi Dassler]

What a joke. Heng never put my money in