dc848
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Post by dc848 on Feb 26, 2018 17:06:49 GMT
I just spent the last two hours diversifying my brains out in the IFISA MLA. 190+ loans. My wrist aches now. I still rather select my own, at this stage. ...and now I play the waiting game...
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cb25
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Post by cb25 on Feb 26, 2018 17:17:55 GMT
I just spent the last two hours diversifying my brains out in the IFISA MLA. 190+ loans. My wrist aches now. I still rather select my own, at this stage. ...and now I play the waiting game... Do you stick to loans with positive amounts available, or also queue up purchases on loans with no current availability ?
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dc848
Posts: 150
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Post by dc848 on Feb 26, 2018 17:30:17 GMT
I just spent the last two hours diversifying my brains out in the IFISA MLA. 190+ loans. My wrist aches now. I still rather select my own, at this stage. ...and now I play the waiting game... Do you stick to loans with positive amounts available, or also queue up purchases on loans with no current availability ? Available AND non available. I have been working on my strategy since Christmas on the (in my naive view) optimum amount per good loan. Now they all have instructions assigned, and once fulfilled, each loan will provide the same monthly return - so easy to spot the late payers - and if any payments are outstanding for 7 days, its on my radar. 10 days, then its in my sights. I was bitten by the you-know-who loans, so now I am extremely fastidious about who I lend to. With luck and patience, I will be reasonably settled in each loan within a couple of weeks - and nicely diversified.
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ceejay
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Post by ceejay on Feb 26, 2018 19:49:39 GMT
... The main thing that will hold me back from jumping deeper into the GBBA2 pool is the number of longer-term loans (>3 years) which - in the current climate - is not something I want to be too heavily involved in, although a broad diversification certainly lessens the risk. Shorter term loans are one of two things - loan type of bridging and development OR an account designed to seek to create that type of exposure in other ways but still likely to be quite focussed on those type of short term loans on the whole. So a one year Access Account OR a developmentment and bridging investment account could suit ? Along similar lines to others' comments, I'm not sure that picking out a development/bridging investment account is necessarily the way to go. I mean, how many specialist accounts do you want to end up with? I can do my own selecting with the MLA and I'm happy to do that. OTOH, a one year Access Account that paid a noticeable premium over the 30DAA would be a useful addition to your portfolio, I think. I do currently have a significant sum in RS 1 year, but I suspect you could probably construct a better product than that. I guess it mainly depends on whether you can construct the numbers in such a way as to give a meaningful premium - 0.25% wouldn't do it, for example.
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mikes1531
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Post by mikes1531 on Feb 26, 2018 20:44:27 GMT
I just spent the last two hours diversifying my brains out in the IFISA MLA. 190+ loans. My wrist aches now. I still rather select my own, at this stage. ...and now I play the waiting game... Do you stick to loans with positive amounts available, or also queue up purchases on loans with no current availability ? Available AND non available. I have been working on my strategy since Christmas on the (in my naive view) optimum amount per good loan. Now they all have instructions assigned, and once fulfilled, each loan will provide the same monthly return - so easy to spot the late payers - and if any payments are outstanding for 7 days, its on my radar. 10 days, then its in my sights. I was bitten by the you-know-who loans, so now I am extremely fastidious about who I lend to. With luck and patience, I will be reasonably settled in each loan within a couple of weeks - and nicely diversified. : I'd be very surprised if you can pick up all the parts you want of 190+ loans in a couple of weeks. My experience is that I put in a buy order and they can take months to complete. But perhaps I'm investing in loans with a lot less SM activity than you are, and/or I'm trying to buy larger chunks than you are. Can you please come back here in a couple weeks and report how well you're doing?
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dc848
Posts: 150
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Post by dc848 on Feb 26, 2018 21:38:11 GMT
Can you please come back here in a couple weeks and report how well you're doing? Indeed I shall. Here's the activity so far: 26/2/18 c1439 ISA MLA launch spotted, swing into action with pre-planned BUY targets. Launch+2hrs 189 loan instructions placed. Launch+6hrs 23.53% of capital invested, of which 31 are fully loaded (16.4%), a further 39 partially loaded (20.6%) Launch+46hrs I feel like King Canute. Interest and principal payments are starting to come in. Approx 100 hours since launch (its now Friday 1800), I feel like King Kong. The system has allocated 96.45% of capital - and that included down time on Thursday for software fixes. My dosh is spread across 197 loans, of which 106 loans are fully loaded. Reading these threads, I think Im the only happy customer here. I have been lucky though, in being prepared in advance, and knowing that the majority of investors would leave their selling/buying to the last minute - which meant my buys would pick up their sells reasonably quickly. 
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Post by vaelin on Feb 27, 2018 11:51:34 GMT
Can you please come back here in a couple weeks and report how well you're doing? Indeed I shall. Here's the activity so far: 26/2/18 c1439 ISA MLA launch spotted, swing into action with pre-planned BUY targets. Launch+2hrs 189 loan instructions placed. Launch+6hrs 23.53% of capital invested, of which 31 are fully loaded (16.4%), a further 39 partially loaded (20.6%), the remainder still waiting on all you good folks to sell out from GBBA or MLA. Yes, it might take a while, but interesting to monitor right from a standing start. Incidentally, the logic I used for selection/investment, means I will (theoretically at least), make a return of 7.33% on the ISA portfolio - I would appreciate anybody elses thoughts on whether that be a reasonable(ish) return? I thought it wasnt bad....That is pretty much what I am getting just by selecting 150 loans almost at random (I tend to avoid loans that rely heavily on development value to meet security).
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Post by chris on Feb 27, 2018 16:18:53 GMT
With the help of TFTO I've made another change to the behaviour. Previously the system wasn't rediversifying you into loans that you had sold out of but in hindsight that is actually something that should happen as it will help you sell out other loans that are less liquid. I've made that change to the algorithm and it'll start working through the additional trades now available to it so expect another spurt of activity. |
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dermot
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Post by dermot on Feb 28, 2018 10:26:54 GMT
I've not seen any 'exchange' activity since early morning on the 25th, but am still a bit topheavy in #441 at around 10% in GBBA2.
Looking at an individual loan and how it is invested across all of the accounts, it seems that there is no *easy* way of telling GBBA1 from GBBA2 (well, I can guess that the first one below is GBBA1 followed by GBBA2, or go look in each account individually).
Manual Lending Account £xx.xx
Great British Business Account £xxx.xx
Great British Business Account £x,xxx.xx
30-Day Access Account £x.xx
Quick Access Account < £0.01
Any chance they could be properly labelled, for clarity?
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cb25
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Post by cb25 on Feb 28, 2018 10:30:24 GMT
With the help of TFTO I've made another change to the behaviour. Previously the system wasn't rediversifying you into loans that you had sold out of but in hindsight that is actually something that should happen as it will help you sell out other loans that are less liquid. I've made that change to the algorithm and it'll start working through the additional trades now available to it so expect another spurt of activity. That's happening with my GBBA2 account, which I'm selling out of. Yesterday it was down to about £50, all in loan 441. Today it's down to just less than £40, now over 10 loans, with £25.65 in loan 441 (which still has £695K availability) and minor amounts in other loans.
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Post by chris on Feb 28, 2018 10:40:55 GMT
With the help of TFTO I've made another change to the behaviour. Previously the system wasn't rediversifying you into loans that you had sold out of but in hindsight that is actually something that should happen as it will help you sell out other loans that are less liquid. I've made that change to the algorithm and it'll start working through the additional trades now available to it so expect another spurt of activity. That's happening with my GBBA2 account, which I'm selling out of. Yesterday it was down to about £50, all in loan 441. Today it's down to just less than £40, now over 10 loans, with £25.65 in loan 441 (which still has £695K availability) and minor amounts in other loans. Yes it appears to be working well after that change, however please note you've now dropped below the £50 threshold where it will diversify your account so you'll now continue with the loan units you have until they sell out.
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cb25
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Post by cb25 on Feb 28, 2018 10:44:04 GMT
That's happening with my GBBA2 account, which I'm selling out of. Yesterday it was down to about £50, all in loan 441. Today it's down to just less than £40, now over 10 loans, with £25.65 in loan 441 (which still has £695K availability) and minor amounts in other loans. Yes it appears to be working well after that change, however please note you've now dropped below the £50 threshold where it will diversify your account so you'll now continue with the loan units you have until they sell out. Thanks, didn't know that. EDIT: Allocations in my GBBA2 still look a little 'odd' -loan 441: £25.65 invested, £695K available -loan 550: £2.53 invested, £272K available So, loan 441 has less than 3 times the availability of loan 550, but I have 10 times more invested in 441
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TFTO
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Post by TFTO on Feb 28, 2018 10:58:41 GMT
Yes it appears to be working well after that change, however please note you've now dropped below the £50 threshold where it will diversify your account so you'll now continue with the loan units you have until they sell out. Thanks, didn't know that. And I can confirm that my GBBA2 is much better diversified since the change.
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sl75
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Post by sl75 on Mar 1, 2018 21:18:19 GMT
With all this fancy loan swapping shenanigans, have ordinary sales to meet withdrawal targets been suspended?
Set a small withdrawal target on my GEIA this morning, and came back this evening to check if it had completed, and instead found it's not sold a single femtopenny of any of the diverse range of loans it holds. I can only assume it's not even trying to do so, either due to a bug, or due AC having suspended sales from the GEIA...
Anyone else seeing a similar effect?
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TFTO
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Post by TFTO on Mar 1, 2018 21:21:24 GMT
My GBBA2 has bought next to nothing all day after a four figure deposit. I tried live chat but was told everything is fine - but it's not
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