rogedavi
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Post by rogedavi on Apr 4, 2020 20:36:12 GMT
another thing to consider is the QAA portfolio is not a fixed pool of loans. it is constantly added to as new loans are originated (not to mention the interplay with MLA which I dont fully understand)
in that sense its not even like you are locked into a specific vintage or cohort. which is good in the sense that AC's new business will presumably be at better rates, with lower valuations on the collateral which should help to bolster returns and bad in the sense that older investors may never get paid out if redeemed money is continually ploughed into new loans...
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elliotn
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Post by elliotn on Apr 5, 2020 10:17:04 GMT
No, it sounds like there's a bug. The team are investigatingYes, it's called Covid-19 apparently. Everybody. I know we’re all poring over our investment minutiae (and contacting firms trying to manage our investments from home). But how did this not get a single like?
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r00lish67
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Post by r00lish67 on Apr 5, 2020 10:47:30 GMT
Yes, it's called Covid-19 apparently. Everybody. I know we’re all poring over our investment minutiae (and contacting firms trying to manage our investments from home). But how did this not get a single like? Hullo stranger, where have you been hiding? I know you were always ahead of the game, but self-isolating from P2P for the last 16 months is possibly your best move yet.
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ceejay
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Post by ceejay on Apr 5, 2020 16:55:24 GMT
I’m finding it really difficult to sympathise with the rich gnashing their teeth at the less well off getting their little bit back; the pandemic might still cause unspeakable carnage in poorer countries, putting a pause on individuals accessing their willingly invested 100s of thousands into context. Am I being unfair? No, you're not being unfair. The only qualification I'd put on it, though, is that it's very hard from the outside to tell whether someone gnashing their teeth on this forum is a genuinely rich person who is being obscenely selfish, or a less rich but possibly foolish person who without really knowing what they were doing has dug themselves into a serious hole.
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jcb208
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Post by jcb208 on Apr 5, 2020 18:35:08 GMT
Am I right in understanding that it does not matter what date your investment entered the withdrawal queued ,even with 4 different dates listed (ie 16/04,17/04 ect) we all get the same proportion paid back each day and the balance comes of the first date until that is depleted then carry's on down the line
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alanh
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Post by alanh on Apr 5, 2020 19:06:46 GMT
Am I right in understanding that it does not matter what date your investment entered the withdrawal queued ,even with 4 different dates listed (ie 16/04,17/04 ect) we all get the same proportion paid back each day and the balance comes of the first date until that is depleted then carry's on down the line No. Its not a proportion its a flat rate - each investor gets the same £ amount regardless of investment size. If you are a small investor you will get your money back soon, if you are a large investor it will be a lot longer/never.
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Post by BrianC on Apr 5, 2020 19:11:47 GMT
What we calling large here though? I’m guessing my £5100 that’s just come up for withdrawal from the 30DQAA is maybe about average? Or is that classed as large? Genuine question as if average then I’ll get out in the average time.
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alanh
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Post by alanh on Apr 5, 2020 19:14:16 GMT
What we calling large here though? I’m guessing my £5100 that’s just come up for withdrawal from the 30DQAA is maybe about average? Or is that classed as large? Genuine question as if average then I’ll get out in the average time. You'll be alright mate. Assetz reckon anyone its only investors over £85k that are going to lose out but without providing any calculations or evidence. I think the number is a lot less than that, but not £5k
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Post by BrianC on Apr 5, 2020 19:16:16 GMT
What we calling large here though? I’m guessing my £5100 that’s just come up for withdrawal from the 30DQAA is maybe about average? Or is that classed as large? Genuine question as if average then I’ll get out in the average time. You'll be alright mate. Assetz reckon anyone its only investors over £85k that are going to lose out but without providing any calculations or evidence. I think the number is a lot less than that, but not £5k Thanks
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jcb208
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Post by jcb208 on Apr 5, 2020 19:17:59 GMT
Thanks alanh for clearing that up , so might be a long wait if ever for me ,I have had £502 out of 31K so far so we will see
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alanh
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Post by alanh on Apr 5, 2020 19:19:28 GMT
Thanks alanh for clearing that up , so might be a long wait if ever for me ,I have had £502 out of 31K so far so we will see Yes, you are in trouble there I'm afraid
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Post by Harland Kearney on Apr 5, 2020 19:24:33 GMT
Thanks alanh for clearing that up , so might be a long wait if ever for me ,I have had £502 out of 31K so far so we will see I am roughly in the same boat as you. We will only see large repayments once loan repay, it be at least 90 days before we see any real pay backs from loans as forebarance will start to end then. Not to say some loans won't pay back in due course, but wouldn't hold your breath. AC are working on *projects* that is designed to increase liqudity and give customers in the queue a bit more of a choice. Whatever that means I have no idea, maybe selling at a market defined discount I hope. We can only wait.
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agent69
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Post by agent69 on Apr 5, 2020 19:33:46 GMT
Am I right in understanding that it does not matter what date your investment entered the withdrawal queued ,even with 4 different dates listed (ie 16/04,17/04 ect) we all get the same proportion paid back each day and the balance comes of the first date until that is depleted then carry's on down the line No. Its not a proportion its a flat rate - each investor gets the same £ amount regardless of investment size. If you are a small investor you will get your money back soon, if you are a large investor it will be a lot longer/never. I assume you mean sooner?
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warn
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Post by warn on Apr 5, 2020 19:42:33 GMT
What we calling large here though? I’m guessing my £5100 that’s just come up for withdrawal from the 30DQAA is maybe about average? Or is that classed as large? Genuine question as if average then I’ll get out in the average time. You'll be alright mate. Assetz reckon anyone its only investors over £85k that are going to lose out but without providing any calculations or evidence. I think the number is a lot less than that, but not £5k Could you point me to the source for that £85k thing? I hadn't heard it before.
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alanh
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Post by alanh on Apr 5, 2020 19:49:38 GMT
You'll be alright mate. Assetz reckon anyone its only investors over £85k that are going to lose out but without providing any calculations or evidence. I think the number is a lot less than that, but not £5k Could you point me to the source for that £85k thing? I hadn't heard it before. It is on this Assetz board at some point in the last 3 or 4 days by either stuart or chris at assetz - I'm not sure how to easily locate it and don't fancy searching through it all
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