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Post by crabbyoldgit on Jul 13, 2015 17:07:32 GMT
Interesting cris comment on the geia churning in the conway wt units to give additional diversity to existing geia accounts.i have been waiting with interest for this drawdown to test some conserns about how the program in effect actually works.at present i reinvest capital payments in the geia and withdraw interest and invest this in the manual market so my geia account is very stable and having about 60 percent of my stake spread across 3 wt i would have expected to see the progam slowly reducing these and increasing my stake in those others ,ac does say the fund is activly managed to provide diversity.but absolutly no activity has been seen just small purchases to use up capital repayments.so at face value all the program seems to do is limit any wt investment to 20 percent and thats it.so if i am wrong i will see conway units added to my geia account over the next month if i am right then i will get none,will let you know in a few weeks what happens.
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Post by crabbyoldgit on Jul 10, 2015 21:39:35 GMT
The problem with buffers is as i see it, is if i was a borrower with a pot of money legally mine held by ac earning no, or less interest than the loan rate i would use it up to pay the loan until it gone as fast as possible. Its called good business practice. i have cut my costs. If ac investers do not like it, or cant trade their loan parts on on the after market because of this , so what . I have no direct contractual relationship with them and am paying my loan. The truth is a buffer is a sop to ac investers giving an illusion of security that does not exist, the borrower can or can not fund the loan and any buffer will not change the outcome in the end at all, so why have them. Only one group are advantaged by buffers i have come across on the fc forum, these people invest in a new loan with x months buffer and sell to in their words the muppets in the auto invest fund at x-1 months hence leaving all risks to those people. So as a muppet invester, buffers actually work to my disadvantage
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Post by crabbyoldgit on Jun 12, 2015 10:28:07 GMT
Can we have a your loans button in the geia ,as i have only the remotest idea of the amounts i have in each individual loan, hence the spread of risk such as it is and also as i am investing in the same loans in the manual market it would influence the target amounts i set in each individual wt ect.Also should ala bina madman steal a plane crash it into a wt ,invalidating insurance ,act of war , god, well at least a man who thinks he is the personal representative of god breaking the provision fund it would be nice to know how exposed i was .The geia program seems very stable now but i would have expected when a new green investment appears a bit of a shuffle arround to even out the spread more evenly this does not seem to occur a price maybe we are paying for the above stability maybe.
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Post by crabbyoldgit on Mar 23, 2015 18:13:38 GMT
Hi I have only invested in the geia so far but am going to go for a upcoming new loan on the manual side small time,I get the impression you can pre bid for a share but have not got the remotest clue how to go about it and can't seem to find out information of how this works.any guidance would be gratefully recieved.must be getting adventurous in my old age, thanks
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Post by crabbyoldgit on Mar 7, 2015 19:28:54 GMT
Hi Phoenix I got to about 95 per cent in 4 weeks since then it just goes up and down a bit.I think at present there is more investment moneys than total loan available maybe because of a lack of loans in the manual market and people parking cash in the geia until opportunities appear.Maybe people will need to sell soon to raise cash to put in the assetz equity raise and things will improve I hope so as I would like to put more in myself
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Post by crabbyoldgit on Mar 5, 2015 20:29:12 GMT
Hi I joined the geia about a month ago,the type of risk adverse,hands off type it's built to attract.However apart for a very short period I have been unable to get more than about 95 per cent invested.So in a flash of stupidity I took out the uninvested money and invested it in a wind turbine in the manual market, all monies now invested.No the geia instantly sold off parts to return it to 95 percent.So it seems we all share the same portion of the available loan book, modified a bit by the 20 per cent rule ,regardless of our history in the geia.This means I think if a large manual loan comes to term and repays it's capital and the investers dump the funds into the geia as a temporary holding pot the loan parts will be stripped off the long term members.They will then pay the cost in lost interest to the new temporary members,fine for some but feels a little unfair.We need more New loans but with the NI loan going west can not see it.I was going to put 10000 in but in this position what is the point
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