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Post by bikeman on Jan 29, 2018 22:48:39 GMT
It often get quoted here that ACs target diversification for the investment accounts is a max of 20% in a single loan but where does it say so. It's not in the T&Cs and the FAQs states:
How many loans will my portfolio be diversified across?
When using our Investment Accounts, the system will automatically diversify your portfolio for you. The platform will attempt to diversify your portfolio down to 1% of your total holdings in any loan, provided there are at least 100 loans matching the account criteria. Please note that in situations where the number of loans matching the account criteria is low, diversification is only possible across the matching loans – this may mean that the actual extent of the automatic diversification may be limited unless/until new loans become available. In such a scenario the percentage invested in any one loan may rise.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jan 29, 2018 23:09:46 GMT
It often get quoted here that ACs target diversification for the investment accounts is a max of 20% in a single loan but where does it say so. It's not in the T&Cs and the FAQs states: How many loans will my portfolio be diversified across? When using our Investment Accounts, the system will automatically diversify your portfolio for you. The platform will attempt to diversify your portfolio down to 1% of your total holdings in any loan, provided there are at least 100 loans matching the account criteria. Please note that in situations where the number of loans matching the account criteria is low, diversification is only possible across the matching loans – this may mean that the actual extent of the automatic diversification may be limited unless/until new loans become available. In such a scenario the percentage invested in any one loan may rise. I was going to quote that in response to your previous post but then I thought, thats what it says now on the new site for GBBA2, is that what it said on the old for GBBA1/GEA? Cant be sure. When it comes to the PF the new site spiel is pretty clear that the PF should be covering late payments of interest at the very least. Did it say that on the old? If so has it been paying interest to cover arrears? (That wouldnt be out of sync with the statement that the PF hasnt been called on to cover losses as interest arrears arent losses)
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cb25
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Post by cb25 on Jan 30, 2018 9:28:56 GMT
I found this in FAQs (https://www.assetzcapital.co.uk/invest/faqs), 1 - Investors, D - Assetz Capital Investment Accounts
"What happens if there aren't enough loans to allocate my funds to?
When you transfer funds into an investment account, the system will automatically diversify your account funds across many matching loans at any given time, with the aim of doing so in an equal and proportionate way and subject to loan availability. For example, if 50 suitable loans are available, the account will aim to invest approximately 2% of account funds into each loan. Likewise, with only five suitable loans, the account will aim to invest approximately a fifth (20%) of account funds into each loan."
But that only mentions 20% as an example, not a maximum.
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DeafEater
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Post by DeafEater on Jan 30, 2018 13:53:24 GMT
When it comes to the PF the new site spiel is pretty clear that the PF should be covering late payments of interest at the very least. Did it say that on the old? If so has it been paying interest to cover arrears? (That wouldnt be out of sync with the statement that the PF hasnt been called on to cover losses as interest arrears arent losses) No, missed interest payments just appear as an ever increasing 'accrued' interest figure that is supposed to give you a warm fuzzy feeling about the money that may possibly be passed on to your surviving relatives.
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bugs4me
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Post by bugs4me on Jan 30, 2018 14:01:03 GMT
It often get quoted here that ACs target diversification for the investment accounts is a max of 20% in a single loan but where does it say so. It's not in the T&Cs and the FAQs states: How many loans will my portfolio be diversified across? When using our Investment Accounts, the system will automatically diversify your portfolio for you. The platform will attempt to diversify your portfolio down to 1% of your total holdings in any loan, provided there are at least 100 loans matching the account criteria. Please note that in situations where the number of loans matching the account criteria is low, diversification is only possible across the matching loans – this may mean that the actual extent of the automatic diversification may be limited unless/until new loans become available. In such a scenario the percentage invested in any one loan may rise. It's a long thread but - p2pindependentforum.com/thread/1667/green-energy-investment-account-live
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Post by davids on Jan 30, 2018 16:36:13 GMT
It often get quoted here that ACs target diversification for the investment accounts is a max of 20% in a single loan but where does it say so. It's not in the T&Cs and the FAQs states: How many loans will my portfolio be diversified across? When using our Investment Accounts, the system will automatically diversify your portfolio for you. The platform will attempt to diversify your portfolio down to 1% of your total holdings in any loan, provided there are at least 100 loans matching the account criteria. Please note that in situations where the number of loans matching the account criteria is low, diversification is only possible across the matching loans – this may mean that the actual extent of the automatic diversification may be limited unless/until new loans become available. In such a scenario the percentage invested in any one loan may rise. Well, i for example, put £10 into the 30day account last week and it put that £10 in 332 separate loans.
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cb25
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Post by cb25 on Jan 30, 2018 17:48:51 GMT
My GBBA2 money has been split over 130+ loans, yet one loan has almost 3% allocated to it rather than the 1% suggested by Assets's FAQs
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happy
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Post by happy on Jan 31, 2018 7:06:47 GMT
GBBA2 is based on the old GBBA1 and therefore has the old algorithm until the new comes out next month. A max of 3% allocation is not bad in that case, I got 20% each in 4 loans with my little trial investment!
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cb25
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Post by cb25 on Jan 31, 2018 9:46:07 GMT
GBBA2 is based on the old GBBA1 and therefore has the old algorithm until the new comes out next month. A max of 3% allocation is not bad in that case, I got 20% each in 4 loans with my little trial investment! I'd seen (probably on this forum) that the algorithm was changing, so was quite happy with the 3%. Contrasts well with my GBBA1 max of around 22%.
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morris
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Post by morris on Jan 31, 2018 14:44:50 GMT
Put my first deposit of a few hundred pounds into GBBA2 this week, and it put 1p into 4 loans, and another 3 less than £1. What is the point of that?
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ashtondav
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Post by ashtondav on Jan 31, 2018 15:08:03 GMT
To be fair to AC (and I hate being fair to AC), the new improved shiny, fit for purpose GBBA2 account algorithms and functioning PF don't debut until next month. Maybe these rather annoying errors are some sort of beta testing on unsuspecting punters?
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Post by chris on Jan 31, 2018 16:28:29 GMT
To be fair to AC (and I hate being fair to AC), the new improved shiny, fit for purpose GBBA2 account algorithms and functioning PF don't debut until next month. Maybe these rather annoying errors are some sort of beta testing on unsuspecting punters? Nothing has changed. The GBBA2 algorithm is the same algorithm at present as the GBBA1, PSA, and GEIA algorithm. There's no beta testing.
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unmadem
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Post by unmadem on Jan 31, 2018 16:46:26 GMT
To be fair to AC (and I hate being fair to AC), the new improved shiny, fit for purpose GBBA2 account algorithms and functioning PF don't debut until next month. Maybe these rather annoying errors are some sort of beta testing on unsuspecting punters? Nothing has changed. The GBBA2 algorithm is the same algorithm at present as the GBBA1, PSA, and GEIA algorithm. There's no beta testing. what is your latest guess as to when the new algorithm will be rolled out to the old accounts. I have money waiting to be moved to platform which I wont be doing until this happens. I appreciate plans changes and suspect this isn't as easy a change as some might think but would appreciate your best guess.
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drgonzo
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Post by drgonzo on Jan 31, 2018 17:04:45 GMT
Nothing has changed. The GBBA2 algorithm is the same algorithm at present as the GBBA1, PSA, and GEIA algorithm. There's no beta testing.Could be "exciting" when this change goes live then! 
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dave2
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Post by dave2 on Jan 31, 2018 17:16:49 GMT
Nothing has changed. The GBBA2 algorithm is the same algorithm at present as the GBBA1, PSA, and GEIA algorithm. There's no beta testing. Nothing has changed, apart from the rate paid. 
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