|
Post by CrowdProperty Representative on Mar 5, 2019 9:18:37 GMT
We’re delighted to introduce CrowdProperty AutoInvest, our newest and easiest way to invest.
CrowdProperty AutoInvest is a stress-free way to invest money across every high-quality, first charge secured project we launch on our platform.
We’ve built AutoInvest to save you time and effort, and to help you build a diversified investment portfolio, without platform or financial advisor fees.
At CrowdProperty, we strive to provide you with an exceptional investing experience. We’ve listened and responded to feedback from our lenders, and we’re proud to present our new AutoInvest Tool to take the stress out of investing.
You can AutoInvest via your Standard or ISA Account, meaning you can earn up to 8% secured returns, tax-free, with just the click of a button.
We understand an AutoInvest Tool may not be right for everyone - for this reason, you'll always be able to use our self-select product.
As always, any questions, please let us know.
The CrowdProperty Team
|
|
|
Post by Ace on Mar 5, 2019 14:01:58 GMT
A welcome development from CrowdProperty. It's good to see them making efforts to keep lenders happy. I'm going to give it a try, but I have reservations on whether it will solve their main problem of cash drag. My initial thoughts are: Positives- No longer only suitable for those that can sit in front of a computer at 10:00 with concert pianist dexterity.
- Better suited to those who want diversification on smaller budgets as the minimum investment has reduced from £500 to £50 (and possibly less if auto-invest allocation is highly over subscribed).
- Good for those who trust CP and don't want to bother with their own DD as easier to spread risk over far more loans.
Negatives
- Can't really use it to avoid the FFF and 10:00 issues on manual allocation for those that like to do deep DD, as you would need to load 5 times your desired investment per loan on the platform beforehand (I realize this is probably an intentional measure).
- Will probably increase overall cash drag as likely to get small allocations and need to preload account with at least 5 times desired investment per loan, so very unlikely to end up with anywhere near 8% return.
- Will probably attract even more funds, so, again, likely to increase cash drag.
I welcome CP's efforts and don't really want to be overly critical as I can't think of how to make any specific improvement, perhaps those with larger brains can, after all, they do seem to listen. In some ways they are a victim of their own success.
|
|
jj
Member of DD Central
Jolly Jammy
Posts: 320
Likes: 357
|
Post by jj on Mar 5, 2019 17:00:51 GMT
There been a important variable missed out. The current pot amount should be added to the equation. Probably be easier to explain if I was to give an example:-
To get £1000 invested into a loan
Current example you now have to set the limiter to 20% (max) Then deposit £5000. loan 20% i.e £1000. Then withdraw £4000 out again. You always need way too much money in the wallet with this method.
Suggested example current loan value pot + wallet then set your limiter to 20% - £4000 worth of loan pot + £ 1000 in your wallet - limiter set at 20%. No need to put in extra money or to take out money.
|
|
huxs
Member of DD Central
Posts: 299
Likes: 218
|
Post by huxs on Mar 5, 2019 17:06:45 GMT
There been a important variable missed out. The current pot amount should be added to the equation. Probably be easier to explain if I was to give an example:-
To get £1000 invested into a loan
Current example you now have to set the limiter to 20% (max) Then deposit £5000. loan 20% i.e £1000. Then withdraw £4000 out again. You always need way too much money in the wallet with this method.
Suggested example current loan value pot + wallet then set your limiter to 20% - £4000 worth of loan pot + £ 1000 in your wallet - limiter set at 20%. No need to put in extra money or to take out money.
Yes, if I am seeing this correctly you will always need to have 5 times more than you want in anyone loan in your pot?
Or Is this only a problem when starting?
|
|
jj
Member of DD Central
Jolly Jammy
Posts: 320
Likes: 357
|
Post by jj on Mar 5, 2019 17:10:30 GMT
looks like starting off would be the worse part. However there always seem to be a need to have more money in your wallet than necessary. If your current pot was included it would not be so bad but I don't think that is possible because the two systems are kept separate.
|
|
huxs
Member of DD Central
Posts: 299
Likes: 218
|
Post by huxs on Mar 5, 2019 17:18:06 GMT
looks like starting off would be the worse part. However there always seem to be a need to have more money in your wallet than necessary. If your current pot was included it would not be so bad but I don't think that is possible because the two systems are kept separate.
Given that I can't make the 10am launch tomorrow anyway, will give it a go and see what happens. It will be interesting to see how much of the project goes to autoinvest-ers rather than self select-ers.
|
|
|
Post by CrowdProperty Representative on Mar 6, 2019 9:56:17 GMT
Hi All,
The primary purpose of AutoInvest is to save lenders’ time and effort, and to provide a hands-free investment tool. Therefore, you only need to make a one-off deposit in your CrowdProperty Account for the amount which you hope to invest in CrowdProperty projects in the coming weeks and months. You’ll be invested in a minimum of 5 projects. Then, the system does the hard work for you and pledges your funds to every project which launches. You can increase or reduce your AutoInvest amount as you go along to suit your investment needs.
If you wish to create one-off pledges of £1,000, £5,000, or whatever your chosen pledge size, our self-select product is certainly the best way for you to do this; one-off, selective pledges is not the intended purpose of AutoInvest. However, you can still self-select loans and create manual pledges whilst AutoInvest is switched on.
AutoInvest is intended to pledge a proportion of your funds available to each and every property project we launch, ensuring you diversification on the platform.
I hope this clears things up for you slightly. Any further questions please send them our way.
Thanks,
The CrowdProperty Team
|
|
|
Post by Ace on Mar 6, 2019 13:45:27 GMT
Credit where it's due. I got exactly what I asked for from today's first auto-invest property (£400). Well done CP.
How did others do?
I'm wondering whether all requests up to a certain value were satisfied in full and higher requests were scaled back.
Also, would CP care to comment on what proportion of loans are allocated to auto-invest?
|
|
|
Post by CrowdProperty Representative on Mar 6, 2019 16:03:45 GMT
Hi Ace,
Thanks for your feedback, we’re glad to hear you’re pleased with the AutoInvest product.
This morning, all lenders who have enabled AutoInvest got their requested allocation on the project. Please do bear in mind that the requested allocation for each project is a maximum and therefore we will allocate up to that amount. Should AutoInvest be more subscribed than the maximum amount allocated to AutoInvest for a project, every lenders’ pledge would be proportionally reduced to ensure all lenders get a place on the loan and so that it is fair for self select lenders too. For example, if AutoInvest settings meant there was £200k available to invest in a project, but only £180k of the project was available to AutoInvest, each and every AutoInvest pledge would be reduced by 10% for that loan.
This morning we set a maximum allocation of 30% of the loan to AutoInvest. Once the algorithm calculated the amount of AutoInvest funds available the actual amount of AutoInvest funds in the project is 19%. The proportion of a loan we allocate to AutoInvest is likely to vary over the coming weeks to test different levels, we will work towards setting a consistent allocation in the long-term.
Kind regards,
The CrowdProperty Team
|
|
|
Post by Ace on Mar 7, 2019 13:20:12 GMT
I got another full Auto invest allocation today. Thanks CP, the Auto invest does seem to have made diversified investing much easier for the small investor.
I also noticed that three was £1k available for yesterday's loan a couple of minutes ago (now gone). This often seems to happen roughly a day after a loan is fully funded. Presumably from an investor backing out or reversing a mistake. Anyway it's worth keeping an eye out for these if you've missed out.
|
|
Ukmikk
Member of DD Central
Posts: 445
Likes: 298
|
Post by Ukmikk on Mar 10, 2019 12:09:01 GMT
Hi, I'm not currently a CP investor but am interested in getting on board. My initial query is how frequently are new projects launched? Thank you.
|
|
|
Post by Ace on Mar 10, 2019 14:11:23 GMT
From memory, I think they have averaged a couple per week over the last month.
There is one currently scheduled for next week and two for the week after. Though these things are always difficult to schedule, so often move dates with a week to go; it's the nature of the beast.
|
|
Ukmikk
Member of DD Central
Posts: 445
Likes: 298
|
Post by Ukmikk on Mar 10, 2019 18:35:36 GMT
From memory, I think they have averaged a couple per week over the last month. There is one currently scheduled for next week and two for the week after. Though these things are always difficult to schedule, so often move dates with a week to go; it's the nature of the beast. Thanks. So a reasonable flow then, although some patience (and cash drag) required for diversifying transfered-in funds.
|
|
hantsowl
Member of DD Central
Posts: 671
Likes: 546
|
Post by hantsowl on Mar 11, 2019 10:42:00 GMT
From memory, I think they have averaged a couple per week over the last month. There is one currently scheduled for next week and two for the week after. Though these things are always difficult to schedule, so often move dates with a week to go; it's the nature of the beast. How correct you are!! Dates have moved already. The 'next week' offering has been put back a week and we now have three for the week after. Edit: Which actually suits me since I have an ISA transfer coming across from HL. Just hope it arrives in time for these.
|
|
huxs
Member of DD Central
Posts: 299
Likes: 218
|
Post by huxs on Mar 15, 2019 10:27:10 GMT
Interestingly I only got £73.61 out of an expected £100 on auto invest today. Not complaining as I was also able to manually bid as well today but interested to hear what other people got have Auto Invest already become to popular ? Is the atuo invest amount spread evenly over all investors or as a percentage ?
|
|