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Post by Harland Kearney on Oct 2, 2020 16:14:05 GMT
Thanks for the continued information on loan repayments cb25 its very helpful to reflect on.  For those interested, following from my exit early last month, I've got my funds lent to below 10% of my invesment portfilio across all my asset classes. I am continuing to withdraw funds for the sole purpose of reinvesting them into the 90daa at a discount of course whilst keeping my exposure at 10% (A level im comfortable with). I only wish that I did not take up AC promotional offer back in March, which I felt was quite under handed considering they locked the account only days later after the promotion started. Was almost a bit of a trap. Still, I'll get the 1% bonus assuming they pay it in full next year. I still don't fully understand where AC hope to bring the AA's in the coming years, but the 90daa much better justfies the risk for the interest recieved. The drop in near to nothing in cash interest rates has seriously made me ask myself the question, * Where do I put the money from AC*. It isn't going into shares/market as I'm already fully laid out there. Leaving it where it is and taking advantage of discounts seems like the best apporach, whilst getting the 1% bonus on top. I won't ever be needing the money, like never unironically never... So its a very long term play. |
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Post by Ton ⓉⓞⓃ on Oct 2, 2020 17:15:27 GMT
Thanks for the continued information on loan repayments cb25 its very helpful to reflect on. For those interested, following from my exit early last month, I've got my funds lent to below 10% of my invesment portfilio across all my asset classes. I am continuing to withdraw funds for the sole purpose of reinvesting them into the 90daa at a discount of course whilst keeping my exposure at 10% (A level im comfortable with). I only wish that I did not take up AC promotional offer back in March, which I felt was quite under handed considering they locked the account only days later after the promotion started. Was almost a bit of a trap. Still, I'll get the 1% bonus assuming they pay it in full next year. I still don't fully understand where AC hope to bring the AA's in the coming years, but the 90daa much better justfies the risk for the interest recieved. The drop in near to nothing in cash interest rates has seriously made me ask myself the question, * Where do I put the money from AC*. It isn't going into shares/market as I'm already fully laid out there. Leaving it where it is and taking advantage of discounts seems like the best apporach, whilst getting the 1% bonus on top. I won't ever be needing the money, like never unironically never... So its a very long term play.
I really struggle with which a/c is best. I have allowed some holdings to flow from MLA to the AA's to help people liquidate their holdings there (while I benefit from the 8+% disco). But if each of the AA's have different PF's which is the best? I.E. where is it safest assuming "lockins" will happen. They are a bit of a muchness. But generally QAA has grown by several million as this is the only place you can sell your holdings. The 90DAA has roughly stayed the same (perhaps 2m less?) but the 30DAA has shuunk by a few million (5m?) leaving a bit more coverage. But it all depends what AC announces about the AA PF's as time goes by.
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dead-money
Rocket to the Moon
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Post by dead-money on Oct 2, 2020 17:53:46 GMT
Thanks for the continued information on loan repayments cb25 its very helpful to reflect on. For those interested, following from my exit early last month, I've got my funds lent to below 10% of my invesment portfilio across all my asset classes. I am continuing to withdraw funds for the sole purpose of reinvesting them into the 90daa at a discount of course whilst keeping my exposure at 10% (A level im comfortable with). I only wish that I did not take up AC promotional offer back in March, which I felt was quite under handed considering they locked the account only days later after the promotion started. Was almost a bit of a trap. Still, I'll get the 1% bonus assuming they pay it in full next year. I still don't fully understand where AC hope to bring the AA's in the coming years, but the 90daa much better justfies the risk for the interest recieved. The drop in near to nothing in cash interest rates has seriously made me ask myself the question, * Where do I put the money from AC*. It isn't going into shares/market as I'm already fully laid out there. Leaving it where it is and taking advantage of discounts seems like the best apporach, whilst getting the 1% bonus on top. I won't ever be needing the money, like never unironically never... So its a very long term play.
Rhodium is doing rather well if you fancy precious metals...
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Post by Harland Kearney on Oct 2, 2020 18:01:56 GMT
Thanks for the continued information on loan repayments cb25 its very helpful to reflect on. For those interested, following from my exit early last month, I've got my funds lent to below 10% of my invesment portfilio across all my asset classes. I am continuing to withdraw funds for the sole purpose of reinvesting them into the 90daa at a discount of course whilst keeping my exposure at 10% (A level im comfortable with). I only wish that I did not take up AC promotional offer back in March, which I felt was quite under handed considering they locked the account only days later after the promotion started. Was almost a bit of a trap. Still, I'll get the 1% bonus assuming they pay it in full next year. I still don't fully understand where AC hope to bring the AA's in the coming years, but the 90daa much better justfies the risk for the interest recieved. The drop in near to nothing in cash interest rates has seriously made me ask myself the question, * Where do I put the money from AC*. It isn't going into shares/market as I'm already fully laid out there. Leaving it where it is and taking advantage of discounts seems like the best apporach, whilst getting the 1% bonus on top. I won't ever be needing the money, like never unironically never... So its a very long term play.
I really struggle with which a/c is best. I have allowed some holdings to flow from MLA to the AA's to help people liquidate their holdings there (while I benefit from the 8+% disco). But if each of the AA's have different PF's which is the best? I.E. where is it safest assuming "lockins" will happen. They are a bit of a muchness. But generally QAA has grown by several million as this is the only place you can sell your holdings. The 90DAA has roughly stayed the same (perhaps 2m less?) but the 30DAA has shuunk by a few million (5m?) leaving a bit more coverage. But it all depends what AC announces about the AA PF's as time goes by.
I think the most important assessment for those looking to reinvest into the AA's is the interest rate, as the interest increase compounds can be a large impact over a 24month+. The 1% bonus means im earning 5.1% interest with discounts between 6-8% currently topped up. So a good yield, although it is not liquid of course. Should be noted though, my investments are purely from my repayments, I'm not expanding my holding in AC and wouldn't dream of adding new money into it currently with the UK environment. Its a bit more of a "checkmate" scenario. Withdraw money from my ISA wrapper into the bank, to put where? I already have swathes of cash in NS&I which is ending soon as we all know. The obvious solution for such a dripple amount of repayments over the coming months if not years is to take advantage of discounts, get the interest, get the bonus & sit. Technically, my portfolio will reduce me exposure to P2P on a balance sheet level, although not the actual capital number, that will increase. But not as fast as I continue to gain income from my business and stock growth ect. I don't think I'm the only one looking for other investment avenues. I already hold some metals via exposure to CGT. Metals won't grow my capital, really they will just keep up with inflation and need alot alot longer play than I think most suspect.
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alender
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Post by alender on Oct 2, 2020 18:13:47 GMT
I really struggle with which a/c is best. I have allowed some holdings to flow from MLA to the AA's to help people liquidate their holdings there (while I benefit from the 8+% disco). But if each of the AA's have different PF's which is the best? I.E. where is it safest assuming "lockins" will happen. They are a bit of a muchness. But generally QAA has grown by several million as this is the only place you can sell your holdings. The 90DAA has roughly stayed the same (perhaps 2m less?) but the 30DAA has shuunk by a few million (5m?) leaving a bit more coverage. But it all depends what AC announces about the AA PF's as time goes by.
I think the most important assessment for those looking to reinvest into the AA's is the interest rate, as the interest increase compounds can be a large impact over a 24month+. The 1% bonus means im earning 5.1% interest with discounts between 6-8% currently topped up. So a good yield, although it is not liquid of course. Should be noted though, my investments are purely from my repayments, I'm not expanding my holding in AC and wouldn't dream of adding new money into it currently with the UK environment. Its a bit more of a "checkmate" scenario. Withdraw money from my ISA wrapper into the bank, to put where? I already have swathes of cash in NS&I which is ending soon as we all know. The obvious solution for such a dripple amount of repayments over the coming months if not years is to take advantage of discounts, get the interest, get the bonus & sit. Technically, my portfolio will reduce me exposure to P2P on a balance sheet level, although not the actual capital number, that will increase. But not as fast as I continue to gain income from my business and stock growth ect. I don't think I'm the only one looking for other investment avenues. I already hold some metals via exposure to CGT. Metals won't grow my capital, really they will just keep up with inflation and need alot alot longer play than I think most suspect. The best I can see for a safe parking place until things become clearer is the Coventry Double Access Saver paying 1.05%, at least for now. Premium bonds at prize rate of 1% tax free are also good but buy towards the end of the month and then it is 1 month before they enter the draw.
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Post by Harland Kearney on Oct 2, 2020 18:25:10 GMT
I think the most important assessment for those looking to reinvest into the AA's is the interest rate, as the interest increase compounds can be a large impact over a 24month+. The 1% bonus means im earning 5.1% interest with discounts between 6-8% currently topped up. So a good yield, although it is not liquid of course. Should be noted though, my investments are purely from my repayments, I'm not expanding my holding in AC and wouldn't dream of adding new money into it currently with the UK environment. Its a bit more of a "checkmate" scenario. Withdraw money from my ISA wrapper into the bank, to put where? I already have swathes of cash in NS&I which is ending soon as we all know. The obvious solution for such a dripple amount of repayments over the coming months if not years is to take advantage of discounts, get the interest, get the bonus & sit. Technically, my portfolio will reduce me exposure to P2P on a balance sheet level, although not the actual capital number, that will increase. But not as fast as I continue to gain income from my business and stock growth ect. I don't think I'm the only one looking for other investment avenues. I already hold some metals via exposure to CGT. Metals won't grow my capital, really they will just keep up with inflation and need alot alot longer play than I think most suspect. The best I can see for a safe parking place until things become clearer is the Coventry Double Access Saver paying 1.05%, at least for now. Premium bonds at prize rate of 1% tax free are also good but buy towards the end of the month and then it is 1 month before they enter the draw. Yes the "Coventry Double Access Saver" is about the best you can find for no capped interest. I've got a few current accounts paying 2-3% on 1k ect but thats nothing to write home about at those limits! I used to hold some P-Bonds but did some research into them and ended up selling, the issue with them is that you really need to hold them for at least 1 year to start earning the "target" rate. Infact, I've had friends who have held them for 5+ years and avg less than 1% per year with 50k in them. At that point, might as well buy a fixed target rate if u gotta be in for that long for any kind of below inflation pay off.
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Post by peterb on Oct 7, 2020 16:21:52 GMT
I wonder what will happen to existing queued withdrawals on the 30 and 90 day accounts that now mature. I have one due early April so will be a while yet but I’m sure others will confirm their experiences shortly. Note that it is still possible to request a withdrawal on these 2 accounts. I requested a withdrawal on 24th March (scheduled for 24th April). I've still not had the funds. I don't think the queue is moving at all.
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ceejay
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Post by ceejay on Oct 7, 2020 18:00:54 GMT
I wonder what will happen to existing queued withdrawals on the 30 and 90 day accounts that now mature. I have one due early April so will be a while yet but I’m sure others will confirm their experiences shortly. Note that it is still possible to request a withdrawal on these 2 accounts. I requested a withdrawal on 24th March (scheduled for 24th April). I've still not had the funds. I don't think the queue is moving at all. You might want to have a bit more of a read about what's going on. Basically there isn't a queue - this isn't the same as, say, RS. If your 30DAA withdrawal request became valid on 24th April then you should, like everyone else, have been receiving dribbles of cash on an irregular basis (see the Important Information thread, for example).
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cb25
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Post by cb25 on Oct 8, 2020 7:49:14 GMT
Overnight there was a payout of £3.20 per £10K in each AA
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zlb
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Post by zlb on Oct 8, 2020 10:41:33 GMT
what's happening with the investing? I just tested it by requesting re-invest at 5% and it still offered 6.3% only - it didn't give the option to choose 5% and wait - which is what I've seen previously.
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mrsb
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Post by mrsb on Oct 8, 2020 10:45:51 GMT
what's happening with the investing? I just tested it by requesting re-invest at 5% and it still offered 6.3% only - it didn't give the option to choose 5% and wait - which is what I've seen previously.
Its trying to do you a favour!
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cb25
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Post by cb25 on Oct 8, 2020 10:47:11 GMT
what's happening with the investing? I just tested it by requesting re-invest at 5% and it still offered 6.3% only - it didn't give the option to choose 5% and wait - which is what I've seen previously. It's working correctly.
Buy orders only wait when they can't be matched immediately, e.g. if you ask to buy at 20% discount and there are no sellers offering 20% (or better) you can still place your buy order and wait for it to be fulfilled.
If you ask to buy at 5% discount (or better) and sellers are offering 6.3%, you'll get matched instantly and get more units than you hoped for.
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zlb
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Post by zlb on Oct 8, 2020 11:10:05 GMT
what's happening with the investing? I just tested it by requesting re-invest at 5% and it still offered 6.3% only - it didn't give the option to choose 5% and wait - which is what I've seen previously. It's working correctly.
Buy orders only wait when they can't be matched immediately, e.g. if you ask to buy at 20% discount and there are no sellers offering 20% (or better) you can still place your buy order and wait for it to be fulfilled.
If you ask to buy at 5% discount (or better) and sellers are offering 6.3%, you'll get matched instantly and get more units than you hoped for.
so 5% is close enough to 6.3% that I end up with 5% anyway? But if I try 20% that's too different to what is being offered so it waits?
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cb25
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Post by cb25 on Oct 8, 2020 11:18:27 GMT
It's working correctly.
Buy orders only wait when they can't be matched immediately, e.g. if you ask to buy at 20% discount and there are no sellers offering 20% (or better) you can still place your buy order and wait for it to be fulfilled.
If you ask to buy at 5% discount (or better) and sellers are offering 6.3%, you'll get matched instantly and get more units than you hoped for.
so 5% is close enough to 6.3% that I end up with 5% anyway? But if I try 20% that's too different to what is being offered so it waits? No. In your example of trying to buy at 5% discount, 6.3% matches/exceeds what you asked for so is matched. If you'd tried to buy at 20% discount, 6.3% clearly doesn't satisfy/exceed your request so you'd have to wait. It's not based on closeness, but on whether it matches.
The money at 6.3% discount appears to have all gone, the best discount available now for instant buy is 6.1%. I filled in a request (which I didn't execute) to purchase £100 at 5% discount (or better) and the system responded with "At present, based on current withdrawal instructions, you could immediately invest £100.00 at a discount of 6.10% and receive £106.49 of loan holdings" (£106.49 is £100/(1-0.061))
When it's available for an instant match, you get the best offer that meets/exceeds your request.
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mogish
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Post by mogish on Oct 8, 2020 15:31:05 GMT
Now that the secondary market is available and QAA is so slow is it worth moving funds back into 30day account to gain more interest?
Apologies if this has been covered previously, I've zoned out a bit from it all.
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