p2pfan
Member of DD Central
Full-Time Investor
Posts: 781
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Post by p2pfan on Jul 30, 2019 12:01:39 GMT
I invested a moderate amount of money into GBBA2 last week. I've been checking every day, but so far only about 1% of my money has been invested. This is naturally very disappointing as it could take several weeks if not months for my money to be fully invested.
If I top up my investment into GBBA2 now, would I be given a tangibly higher chunk of investments? For instance, instead of being given £2 into a loan I'm given £4? Or does the total amount of money I have invested not impact the investment?
If I'm allocated the same or a similar slice of each loan, it obviously doesn't make sense for me to top-up my GBBA investment.
I've tried asking AC several times, but, as with almost every question I ask and unlike any other P2P platform, their stock answer is "we don't know".
Thanks.
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benaj
Member of DD Central
N/A
Posts: 5,609
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Post by benaj on Jul 30, 2019 15:30:16 GMT
IF AC doesn't know how this allocation algorithm works, who knows?
Investors like me have been withdrawing funds from PSA/GBBA/GBBA2 for quite some time. I have no idea when I will be able to withdraw the remaining funds in these special auto accounts. Timely withdrawals in these accounts are not guaranteed, although I have managed to withdraw more than 95% in these accounts.
Some of these loans do not have trading suspension and have up-to-date repayment, however, they cannot be sold for due to monitoring events within these accounts.
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Post by stevepn on Jul 30, 2019 16:54:08 GMT
I invested £10,000 a month or two back and it was all invested within hours with over 350 loans if I remember correctly.
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