Pynk is many things to many people, but first and foremost plans to become a regulated wealth management app for everyday investors. More than that though, we are a place where everyday people the world over can work together to make better investment decisions. If you're new to Pynk, then read our Pynkipedia to find out more!
You can start investing from as little as $10 if exchanging Wisdom Points or $40 if investing cash. You will be able to invest as and when you like. In future, we'll add features allowing you to either invest a regular monthly amount automatically, round up your purchases or just what you can afford, when you can afford it.
You can start investing up to a maximum of $25,000 fee-free (as long as you predict regularly). There's no limit to how much you can invest, but over $25,000 you'll pay our standard fees.
As with any managed portfolio, the return you'll earn is based on the performance of the underlying assets. Rest assured, the Pynk Crowd Wisdom system is working as hard as possible to generate the best possible outcomes for you. That being said, as is the case with any investment, your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest. Tax treatments depend on individual circumstances and where you pay tax and may be subject to change in the future. If you're unsure, please seek financial advice.
Absolutely, Pynk One Limited will offer investment services as an appointed representative of WealthKernel Limited, a company regulated and authorized by the Financial Conduct Authority (FCA). Upon making a deposit to invest with Pynk, your funds will be transferred to WealthKernel Limited, the custodian and broker of Pynk, which is protected by the FSCS (please note the FSCS does not cover investment losses). Click here to learn more.
At launch, we cannot accept investment monies from the USA - due to regulatory restrictions in that jurisdiction. That said, we are planning to expand to the USA in the longer term.
Investing will be available to UK investors from January 2021. We are working hard to make investing everywhere else with us possible and will be launching this service as soon as possible. For the time being please sign up to our waitlist
You can sign up and join the queue in the investor waitlist section of the Pynk website. You will be added to the end of the queue. Want access even sooner? Move up 1,000 spots for every person that joins the waitlist using your referral link, which can be found on the same page and shared across all your social media, email, websites or blogs - and anywhere else you can think of!
Simply use your unique referral code, you will find this code in the investor waitlist section of the app. This referral can be shared across all your social media pages, your blog or website, by email and a number of other ways. We'd ask that you invite only people who have the intention of investing.
Tens of thousands! You can find up to date information on the exact amount from the investor waitlist section in the app.
You move up 1,000 spots for every person you invite to the investor waitlist. So make sure you use your unique user referral code which can be obtained from the investor waitlist section of our website.
Payment will be made to Pynk via bank transfer to Pynk. The funds will leave your account in its native currency and exchanged into £GBP automatically. Exchange rate will vary depending on the country and currency conversion rates.
Details of which cards can be used are to be confirmed. Please check back later.
Sorry, unfortunately, you cannot invest with any form of digital currency for now. We are working on this for future releases.
Although we hope to add this feature soon, setting up direct debits and standing orders will not be possible at this point. Payments will be made by proactive bank transfer.
We do not currently offer a 'rounding up' service (where you can automatically invest your change on purchases by rounding up to the nearest Pound, Euro, Dollar or whatever your currency) but it is very much on our agenda, we are working on it!
The Pynk managed investment portfolio will open January 2021.
At launch, we will be able to accept investments only from UK residents. We expect to make the Investor Wallet available to the rest of the world shortly.
The minimum investment age is 18.
To qualify for 0% fee investing, you must first become an 'active Pynkster' by making one price prediction per week. Non-active Pynksters are charged 1.44% annual fee. 0% fee investment is capped at $25,000.
