amphoria
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Post by amphoria on Mar 12, 2018 12:23:25 GMT
On the Browse Loans screen there are two tabs Invested and Not Invested. The Invested tab shows all loans that I am invested in in the MLA. The Not Invested tab appears to show all loans that I am not invested in in the MLA, GBBA and PSA combined. It seems to me that the Invested tab would be more useful if it showed the inverse of this, ie. all loans that I am invested in in the MLA, GBBA and PSA. If I need to know the loans that I am invested in in the MLA, I can already get this from the Browse My Loans screen.
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amphoria
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Post by amphoria on Mar 10, 2018 22:53:44 GMT
My investment concentration was also changed from 1% to 2% with the upgrade. Fortunately I was able to change it before any investments were made at 2%. The sliders on the investment settings page don't work very well with Google Chrome. This is what it looks like.
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amphoria
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Post by amphoria on Mar 8, 2018 15:00:04 GMT
Anyone good with websites able to easily scrape and tally the sale prices of all the eligible items off shop.p*******p***b******.co.uk? Not perfect but might give a ballpark figure to compare to the £2.4/2.6M. By sorting on price and adding up with Excel, I get (approx) Watches £724k Handbags £549k Jewellery £1367k TOTAL £2640k
Some of the items may have been excluded from the list given to MT to get £2.4M.
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amphoria
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Post by amphoria on Feb 25, 2018 14:16:57 GMT
So much for my carefully contrived example above, it turns that I am underweight in #544! Of my 4 largest loans, 2 were overweight and 2 were underweight prior to the re-balancing. One of the overweight loans #227 is suspended and #388 has since exchanged loan parts so that it is either at or closer to the target weight. #544 and #495 are still underweight against the targets that Chris gave above.
I see that there are still some smaller exchanges going through after Chris' latest tweak to the algorithm, but none going to #544 and #495 so far.
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amphoria
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Post by amphoria on Feb 25, 2018 11:18:29 GMT
The account as a whole is still arguably over invested in a few loans. There's a new algorithm coming in 8 - 10 weeks that will adjust how the system distributes funds between loans that will address this, but in general more loans are needed to reduce idle funds and give the system a fair chance of diversifying well across the board. I'm very happy with the part of the algorithm that carries out the adjustments to lender accounts, the finding and executing actual exchanges of loan units. The calculation that sits on top of that to work out the adjustments needed could still do with some fine tuning but is generally working well, and as more loans become available we can tweak that further. Thankfully those adjustments are now easy to make. How is it that some of us have 10% or more in #441 whereas others have 1.8% in the same loan? I thought the algorithm aimed to move us all towards the account average within a tolerance of 0.5% above and 0.1% below? It is my understanding that the algorithm works by directly exchanging loan parts between 2 accounts and therefore loan parts have to be able to move in both directions for the exchange to take place. So to take #441 as an example where you have 10% and I have 2.3%. If we assume that you are overweight and I am underweight in this loan, then for the exchange to take place there has to be a loan where I am overweight and you are underweight. My biggest loan is suspended so that doesn't help. My next biggest loan is #544 where I have 9.6%. However, if you are also overweight in this loan, this also doesn't help. I could list my other large loans, but hopefully you can see that it is not impossible that there are no loans where I am overweight and you are underweight where the difference is greater than £5, and therefore the exchange of #441 can't happen. Where I am uncertain is whether the algorithm would allow the exchange to happen if I was more overweight than you in #544, but I am going to assume that this is not the case to keep the algorithm simple.
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amphoria
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Post by amphoria on Feb 17, 2018 14:51:31 GMT
AKAIK, GBBA1 was closed to new investment when GBBA2 launched. I found my GBBA1 had been set to "...withdraw repayments...", this is unalterable. Are you sure your GBBA1 is accepting funds for investment? Repayments of capital appear to stay in the GBBA1 but repayments of interest go to the Cash Account. In other words, the total amount invested will not increase now that the account is closed to new investment.
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amphoria
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Post by amphoria on Feb 13, 2018 10:28:25 GMT
In the left hand column there is a box titled Last Matched Rates. Clink on the percentage figure for the market you are interested in. You will then be taken to a page where you can enter the amount to invest and the rate that you wish to invest at. If you click on the View Full Market link you can see what other offers have been posted to compare with the Borrower offers.
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amphoria
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Post by amphoria on Feb 8, 2018 12:01:10 GMT
I didn't find an information about the next interest payment date of a loan. It would be rather helpfull to add this. Most MT loans pay interest monthly on the same day of the month as the end date of the loan.
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amphoria
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Post by amphoria on Feb 6, 2018 14:35:58 GMT
To give another point of view. I have invested in two of their limited life VCTs. One returned 163% of the investment after tax relief when fully repaid. The other has returned 118% to date and the remaining net asset value is about 30p/share.
I have also invested in their P2P bond offerings in 2016, so all but one (a 2 year loan) have now repaid in full. They were mostly operational solar and wind sites. The XIRR achieved to date is 5.25%. I stopped investing in 2017 as I felt that the interest rates were low with the same level of risk.
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amphoria
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Post by amphoria on Feb 1, 2018 11:48:49 GMT
If you go into the loan description and then loan particulars and scroll to the bottom there is a button labelled View Loan Terms. Although they are not headed Old Loan Terms and New Loan Terms, the old loan terms have a clause 4.5 which states that "By funding a loan, you are agreeing to enter into a Loan Agreement with Lendy".
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amphoria
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Post by amphoria on Jan 11, 2018 14:10:26 GMT
Ok, maybe you can help here bigfoot12 rogerbu and others with an example. I will change the exact amounts but keep them in proportion to what I actually received Note: I dont have a great grasp of NAV, despite trying, so excuse me if I use other terms INITIAL COSTSSo if I bought £1000 of Albion Venture Capital Trust PLC in Jan 2016 and received 1389 shares, paying 72p per share According to www.hl.co.uk/shares/shares-search-results/a/albion-venture-capital-trust-ord-1p The share price at the time was 66.5p, but is that lower because it is for 2nd hand VCTs which dont have the tax benefit? I presume the Initial Cost is included in the share price, as no further fees were deducted? ANNUAL COSTSI received a dividend of £69.43/YR, so about 7%/yr (£70/£1000) I presume the Annual and Performance Costs have reduced the dividend or the share price reduced some how? Assuming the initial 30% IT reduction is spread over 5yrs, about another 6%/yr ((£300/£1000)/5) SELLING COSTSThe main issue I have with evaluating VCTs comes with working out the sale price Albion will apparently buy back the shares at -5% to NAV or can I just sell on H&L for the sell price quoted (so share price 68p, 1389 shares = £944.52)? I know selling before the 5yrs I lose the IT benefit, but if I was to sell today for example, what value would I get? Just to be able to ballpark the value in 5yrs (or another 4yrs as bought in 2016) Thanks for your help! I dont normally deal in shares so this is new to me! Investment Trusts tend to trade at a discount to Net Asset Value. What you will have paid for new shares is the NAV plus the Initial Cost minus any discount that you received from HL. The VCT share price includes the discount to NAV. You need to claim the 30% tax relief on your tax return for 2016/17. The box is labelled Subscriptions for Venture Capital Trust shares on the paper return and appears on the Additional Information pages. The dividend rate is set by the board of the VCT. Most VCTs will declare that they will pay out at least X p/share every year. The value of X usually appears in the half year and annual reports. They will sometimes pay out more than X if they have had a successful divestment and they can't find anywhere else to re-invest the money. If you sell in less than 5 years you will get the share price (or 5% less than NAV if you sell to Albion), but you will also have to repay the tax relief if you have already claimed it.
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amphoria
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Post by amphoria on Dec 30, 2017 17:46:28 GMT
My last 3 lend orders since 18th have taken 4 days, 3 days and then 2 days (28th to 30th), so the actual time appears to be somewhat less than the statistics page would suggest.
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amphoria
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Post by amphoria on Dec 24, 2017 15:56:09 GMT
I had a loan repay on 19th December, ie. just after the new rules came into effect. The money has just been re-lent at the market rate after 5 days.
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amphoria
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Post by amphoria on Dec 20, 2017 19:50:26 GMT
GBBA1 is still making purchases using money from loan sales. It is interest and capital repayments that are going to the cash account.
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amphoria
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Growth Street
20% bonus
Dec 2, 2017 15:43:22 GMT
Post by amphoria on Dec 2, 2017 15:43:22 GMT
Definitely did not get that email. Very surprised by the offer, as Lenders cash outweighs Borrower demand by £2.5m, which is more than 25%! See www.growthstreet.co.uk/investing/statistics I do not understand the business rationale. Something changed around 1st Dec and the borrower total has gone up by £2m. See www.growthstreet.co.uk/lend-order-statistics for the latest borrower total. A few more offers have appeared since they launched the 20% bonus.
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