If you are a spender using the Touch ‘n Go e-wallet, a mere RM1,000 deposit via your credit card can earn you daily interest, all while enjoying credit card perks if you possess a card with good benefits. One strong suit of the Touch ‘n Go e-wallet is its robust ecosystem where you can practically pay for everything and perform money transfers within the ecosystem. It wasn’t until recent months that I began to fully appreciate the advantages of GO+, particularly when I hit the credit card transfer limit. This way, I can capitalize on credit card benefits while simultaneously accruing daily interest.

This led me to explore Touch ‘n Go’s GOinvest to understand how I can further invest through their app, beyond GO+. Presently, they have partnered with two unit trust companies, ASNB and Principal (in alliance with CIMB), allowing Touch ‘n Go e-wallet users to invest. There are several compelling reasons why it’s a favorable investment platform, but also reasons why one should exercise caution. Let’s delve into it.

Let’s begin with the positive aspects. Their affordable minimum investment of RM10 caters to every Touch ‘n Go e-wallet user, costing less than a meal at KFC or McDonald’s. Investing is as simple as using your e-wallet app. With no maximum limit on investment amount, you can put in the minimum or invest as much as you desire. ASNB offers over 10 funds (Fixed Price Funds & Variable Price Funds), while Principal provides 9 funds (Conservative, Moderate & Aggressive) to match your risk appetite. In total, the Touch ‘n Go e-wallet app offers over 20 investment options.

In my view, unit trust fees aren’t the most compelling reason to invest. Despite the various sales charges or service fees, there are hidden costs to consider. This is why unit trusts aren’t my top choice for investing; their concealed fees can impact investment returns. Personally, I lean towards ETFs, Index Funds, or Robo-advisors, as their overall fees are significantly lower than mutual funds. Additionally, the plethora of options might overwhelm users, unless they’re willing to put in the effort to study these funds. Robo-advisors, in contrast, are more straightforward, as their investment recommendations stem from a questionnaire completed during registration.

Given the pros and cons, would you still opt to invest in GOinvest? Personally, I wouldn’t, given the existence of other robust platforms I’ve been using for years. However, I would recommend GO+ since it enables you to earn interest while managing your daily expenses through the e-wallet. If you’re interested in investing in both GO+ and GOinvest (ASNB & Principal), you can find more information in the link provided below for a better understanding.