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Post by df on Dec 17, 2017 16:41:33 GMT
They're going to be up against the new portfolio loans from ABLRate, at a higher APR, albeit with no direct protection (but then protection on the GBBA/GEIA is a bit flaky too). ABLRate are also already flying their ISA, so as a (minor) AC equity investor I hope they have their water fowl neatly collimated before too long. I imagine the Xmas 'loan drought' must be getting under way shortly. ABLRate new portfolio loans may be an attractive product, but will they be able to generate a similar loan flow to match AC?
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Post by chris on Dec 17, 2017 16:51:48 GMT
Thanks Chris. I'm sure that your 'toes' will enjoy the rest after algo 2.0 is deployed  One point for clarity if you can though, does the seed PF for the GBBA2 mean that the PF for the GBBA1 is currently 'ring fenced' to that account and isn't therefore being 'carried forward' to the new series? That is my understanding.
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dermot
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Post by dermot on Dec 18, 2017 18:19:33 GMT
Yesterday (Sunday), I changed my settings on GBBA and GEIA from reinvest to withdraw, but capital and interest payments this afternoon are still appearing waiting in both accounts. The almost continuous 504 errors make it very frustrating and time consuming to move cash across to somewhere else manually. Any thoughts chris ? In addition, I am very perturbed that I have 25.3% in my GBBA of the suspended loan #227 in spite of the fact that I've managed to trickle bits of cash *into* GBBA over the last several weeks, so the diversification has clearly been stalled for quite some time. Looking back, it seems GBBA was still buying #227 in May / June when #227 was already at 20.75% of my holding. |
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jasel
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Post by jasel on Dec 20, 2017 16:21:31 GMT
Just for clarity, can someone confirm that the loans which appear in GBBA1 will not also appear in GBBA2?
That would make diversification harder to monitor.
I tried to sell off part of some loans in GBBA1 where i had 20% of my holdings invested and wasn't comfortable with that, as I also had a holding in MLIA. The system just sold off what I had in MLIA though and nothing from within the GBBA wrapper, so am I right in saying you cannot manually sell down what you deem to be 'over-invested' loans from GBBA?
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liso
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Post by liso on Dec 20, 2017 16:28:11 GMT
Yes, you're correct. You can't select specific loans to sell from your GBBA account. You can only specify how much of your investment you want to sell, but not the individual loans.
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savernake
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Post by savernake on Jan 10, 2018 10:54:26 GMT
One of the things I like about the QAA/30DAA accounts is the certainty they provide with regards to monthly interest payments. You know you will get the advertised rate without having to worry too much about suspended loans.
I'm considering investing in GBBA2 once the system upgrade delivers better diversification and the PF begins to cover missed interest payments. I'm trying to work out if I can expect to receive a stable and predictable monthly return from GBBA2 following the system upgrade.
I understand that monthly returns in GBBA can currently be less than the advertised rate due to loans being suspended and not paying interest. Assuming the upgraded PF kicks in quickly to cover missed interest payments, will this effectively guarantee the 6.25% return? Can I expect to receive the same amount of interest each month from GBBA2 with the PF covering any shortfall from suspended loans?
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ashtondav
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Post by ashtondav on Jan 10, 2018 11:18:24 GMT
That is the basis upon which I will be lending, and shifting 12k from QAA. Otherwise I’ll leave all my AC dosh in QAA
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benaj
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Post by benaj on Jan 10, 2018 11:35:52 GMT
That is the basis upon which I will be lending, and shifting 12k from QAA. Otherwise I’ll leave all my AC dosh in QAA Personally, I would leave the some of the £12k in 30DAA if I I don't expect to utilise £12k within a month have some in QAA while making decision for blending portfolio with Assetz At the moment, PSA/GBBA1/GBBA2/GEA buy and sell loans automatically on a regular basis, the way it operates is very different to Zopa / FC. From what experienced, one loan can exceed 20% holding in the account when money withdrawing starts (not from selling automatically).
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teddy
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Post by teddy on Jan 10, 2018 16:40:59 GMT
I'm finding investment in the GBBA2 to be pitifully slow to say the least. Put no more than a fiver in there yesterday and over £4 of it is still uninvested.
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daveb4
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Post by daveb4 on Jan 10, 2018 18:14:36 GMT
Everyone's ISA money turning up this week. Mine was sent last week by cheque so have to wait 5 days! Hardly any loans started, other loans repaying, interest paid etc etc Personally thinking unless any new big loans start in next month there is going to be a large drag BUT unlike most other platforms at least we will be earning 3.75% on our cash while we wait which in my case is double the 1.5% I was getting in my cash ISA whilst waiting for Assets to launch theirs
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coda
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Post by coda on Jan 10, 2018 18:30:48 GMT
I have some funds locked into my GBBA series 1 which I am trying to liquidate. These funds are invested in not suspended loans so I do not understand why it seems to not being sold. Same for the GEIA. Is it due to the new accounts?
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jonah
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Post by jonah on Jan 10, 2018 20:00:09 GMT
I have some funds locked into my GBBA series 1 which I am trying to liquidate. These funds are invested in not suspended loans so I do not understand why it seems to not being sold. Same for the GEIA. Is it due to the new accounts? The account has to sell the loan parts. A full cycle through all loans seems to take a couple of hours... so have you left it long enough to do so? Also some loans are no longer GBBA eligible. This means that the GBBA is already trying to sell those. The net result is a lot of loan parts trying to be sold and therefore they can take a long time. Eg loan 441 has over 2m trying to be sold, presumably most or all from the GBBA. Assuming you have some parts in that loan which is likely, getting the sold could take months, or even could end up being repaid by the borrower before they get sold (its only 6 left on that loan... I’m assuming the borrower pays on time!). 441 does regularly sell a £ or two from my account so it is moving, but it will take a long time (or becoming re-eligible) to shift the lot.
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coda
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Post by coda on Jan 10, 2018 20:37:58 GMT
Thanks Jonah. Indeed I am in loan 441. I did not know that a loan could become ineligible. I was hoping to be able to liquidate almost all the account but I end up stuck for several thousands pounds into three loans. This is very frustrating since the original idea was to try to be very well diversfied...
What about the Green Energy Account?
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jonah
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Post by jonah on Jan 10, 2018 23:07:09 GMT
Thanks Jonah. Indeed I am in loan 441. I did not know that a loan could become ineligible. I was hoping to be able to liquidate almost all the account but I end up stuck for several thousands pounds into three loans. This is very frustrating since the original idea was to try to be very well diversfied... What about the Green Energy Account? Same rules and logic apply.
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registerme
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Post by registerme on Jan 11, 2018 9:04:15 GMT
I'm finding investment in the GBBA2 to be pitifully slow to say the least. Put no more than a fiver in there yesterday and over £4 of it is still uninvested. It actually popped up a warning this morning saying that demand was high and availability low (or words to that effect) so to expect delays.......
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