happy
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Post by happy on Jan 30, 2016 7:28:55 GMT
The 3 year market finally woke up again for me last night, i managed to get a couple of little markers taken at 5.4% and one at 5.5% around 2am. Nothing there to enjoy now unfortunately but maybe it is not completely game over for decent 3 year returns if you are prepared wait a while
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happy
Member of DD Central
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Likes: 497
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Post by happy on Jan 29, 2016 15:23:42 GMT
And I would have ACs approach and attitude any day rather than FCs where you can have money locked up for anything up to 3 weeks only for the customer to "not accept the loan offer" so FC kindly give you your money back devoid of any interest.
There are no perfect worlds but we all have the choice to pick our favourite few not quite perfect ones, I have and I'm happy enough!
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happy
Member of DD Central
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Likes: 497
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Post by happy on Jan 25, 2016 21:48:30 GMT
Thanks Jonah and Chris for the feedback. Sounds like a little bit of patience and some more deals will sort everything! FWIW Chris, I think AC really is the best platform bar none, that is once you get your head round the fact that is does most of the hard work for you
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happy
Member of DD Central
Posts: 397
Likes: 497
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Post by happy on Jan 25, 2016 21:03:06 GMT
Hi, After some months trying to build a diversified portfolio in the MLIA with limited success due to the lack of new deals, static SM etc. and in a desperate attemp not to put any more money into unsecured fixed rate loans with Frosty Conversations I recently dipped a rather large toe into the GBBA and got 60% fairly rapidly invested, but surprisingly in just 3 loans. I assume there is a 20% limit on investment into a single loan and would therefore expect to see a few more big loan chunks being purchased to get me to 100% shortly with the up-coming drawdowns.
My question is this: will the GBBA diversify further for me in any way going forward or am I stuck with these 20% loan chunks as these are an order of magnitude bigger than I would normally happily invest in one loan even with a PF. Also, is any diversification dependent on having new loans arriving into the GBBA or is there some background diversification process amongst exisiting GBBA loan part holders to even things out?
Many thanks for the help.
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happy
Member of DD Central
Posts: 397
Likes: 497
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Post by happy on Jan 18, 2016 21:20:38 GMT
Hi fellow forum members.I am fairly new to P2P, AC and this forum so not signed up to the AC private forum yet but baving benefited greatly from your many wise words here and on the other forums over the last few months I wanted to share my thoughts with you on this vote.
We have a LTV of only 22% and the total debtors book represents around a third of the tangible asset security sitting behind this loan. IMHO releasing even 50% of the debtors book represents almost zero risk to lenders capital and does not affect the borrowers ability to service the loan so to me it is a no-brainer....... in the interests of future business from a growing organisation we can release a small amount of our security in the confidence that AC will protect our interests contractually. Hopefully then we can all enjoy investing in the next loan this borrower brings to AC.
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