dead-money
Rocket to the Moon
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Post by dead-money on Dec 19, 2020 8:47:58 GMT
Conversely, in the New Year, AC are potentially going to shake things up again, in some undefined way.
"And as well as the marketplace we have other plans to speed withdrawals"
Who knows what that might be? Do you trust them not to lock you in for the duration whilst they perform whatever changes that involves?
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ian
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Post by ian on Dec 19, 2020 10:21:21 GMT
Given the good news I would expect discount sub 1% early next year with those only withdrawing as a result of need or to invest elsewhere at in excess of 8%
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Post by Ace on Dec 19, 2020 11:07:22 GMT
Conversely, in the New Year, AC are potentially going to shake things up again, in some undefined way.
"And as well as the marketplace we have other plans to speed withdrawals"
Who knows what that might be? Do you trust them not to lock you in for the duration whilst they perform whatever changes that involves?
Hopefully they’ll implement a good free “trick” they’ve missed so far. Currently only a fraction of payouts are recycled - that is rebuy SM at a discount. That fraction is less than 2/3rds. None of the circa £145m in 30DA or 90DA can get capital repayments in cash. Only the circa £68m in QAA get cash payments and even that is presumably subject to having an active withdrawal instruction. Instead ALL money in ALL access accounts should get a pro rata cash payout allocation. For those without a withdrawal instruction (all 30DA, all 90DAA and some QAA) their allocation should be AUTOMATICALLY recycled through the SM top slicing and clearing the highest discounts available. It should be possible to WEEKLY recycle up to a £1m OR MORE through the SM subject to redemptions, cash balance required for future commitments and the level of cash leaving the platform. That should help bring discounts down towards par or close, say 0.5%, and allow quick withdrawals at par or close to it (0.5%) and is the fairest mechanism to all - platform exiters and stayers. There seems to be a misunderstanding here (see my bold above). I receive regular cash repayments from my 30DA and 90DA account withdrawal instructions, in exactly the same way that I do for my QAA. Admittedly they are usually very small, but they do occur.
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blender
Member of DD Central
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Post by blender on Dec 19, 2020 11:09:43 GMT
Conversely, in the New Year, AC are potentially going to shake things up again, in some undefined way.
"And as well as the marketplace we have other plans to speed withdrawals"
Who knows what that might be? Do you trust them not to lock you in for the duration whilst they perform whatever changes that involves?
Hopefully they’ll implement a good free “trick” they’ve missed so far. Currently only a fraction of payouts are recycled - that is rebuy SM at a discount. That fraction is less than 2/3rds. None of the circa £145m in 30DA or 90DA can get capital repayments in cash. Only the circa £68m in QAA get cash payments and even that is presumably subject to having an active withdrawal instruction. ... I don't think that is strictly correct. Funds in the 30D and 90D which have completed the notice produce result cash withdrawals on the same basis of QAA. You only need to move the funds to QAA if you wish to sell at a discount. Or at least my account has regular withdrawals from 90D to cash - perhaps I should keep quiet about it.
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dead-money
Rocket to the Moon
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Post by dead-money on Dec 19, 2020 11:11:59 GMT
Hopefully they’ll implement a good free “trick” they’ve missed so far. Currently only a fraction of payouts are recycled - that is rebuy SM at a discount. That fraction is less than 2/3rds. None of the circa £145m in 30DA or 90DA can get capital repayments in cash. Only the circa £68m in QAA get cash payments and even that is presumably subject to having an active withdrawal instruction. Instead ALL money in ALL access accounts should get a pro rata cash payout allocation. For those without a withdrawal instruction (all 30DA, all 90DAA and some QAA) their allocation should be AUTOMATICALLY recycled through the SM top slicing and clearing the highest discounts available. It should be possible to WEEKLY recycle up to a £1m OR MORE through the SM subject to redemptions, cash balance required for future commitments and the level of cash leaving the platform. That should help bring discounts down towards par or close, say 0.5%, and allow quick withdrawals at par or close to it (0.5%) and is the fairest mechanism to all - platform exiters and stayers. There seems to be a misunderstanding here (see my bold above). I receive regular cash repayments from my 30DA and 90DA account withdrawal instructions, in exactly the same way that I do for my QAA. Admittedly they are usually very small, but they do occur. Agreed, provided your notice account withdrawal instructions are past due, you receive capital repayments; which do seem to have noticeable improved this week.
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blender
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Post by blender on Dec 19, 2020 11:17:07 GMT
I should add that the current position on withdrawal speed and discount levels looks OK to me, and that in the New Year I will be considering when to reinvest in the Access accounts - Brexit caveats permitting.
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dead-money
Rocket to the Moon
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Post by dead-money on Dec 19, 2020 12:20:08 GMT
Yep, Once AC announce their plans to restart lending and there's something new available to invest in, then I'll be reinvesting in both Access Accounts and Manual Lending accounts. (I've not found a better place for IFISA cash).
In amongst all the 'Queen's speech' macro economic waffle, my key takeways from the chimp email, (which incidently didn't arrive in any of my email addresses), were, the £4M increase in ringfenced funds and £1M in contingent cash.
NB My prediction is that future lending will be primarily institutionally backed / CBILS loans with Retail lenders getting a secondary tier. I'm also guessing that the liquidity solution for Access accounts will come from the institutional investors.
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m2btj
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Post by m2btj on Dec 19, 2020 15:25:15 GMT
Yep, Once AC announce their plans to restart lending and there's something new available to invest in, then I'll be reinvesting in both Access Accounts and Manual Lending accounts. (I've not found a better place for IFISA cash).
In amongst all the 'Queen's speech' macro economic waffle, my key takeways from the chimp email, (which incidently didn't arrive in any of my email addresses), were, the £4M increase in ringfenced funds and £1M in contingent cash.
NB My prediction is that future lending will be primarily institutionally backed / CBILS loans with Retail lenders getting a secondary tier. I'm also guessing that the liquidity solution for Access accounts will come from the institutional investors.
Stuart Law answers many of our questions here. vimeo.com/492135939?utm_source=Assetz+Capital+Members&utm_campaign=1c361b8c20-EMAIL_CAMPAIGN_2017_02_21_COPY_01&utm_medium=email&utm_term=0_f8d8dd0f0d-1c361b8c20-116754057
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upperdeane
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Post by upperdeane on Dec 19, 2020 17:57:49 GMT
Can currently buy £15K at 2.0%, sell £15K at 2.1% (now gone) - lowest discounts I've seen More than £30k available to buy at 2.0% which is the current buy rate. I cant tell more then that as i don't have more than £30k to try a test higher purchase amt. Fors sales, best rate is 2.2% with just under £3k available.
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upperdeane
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Post by upperdeane on Dec 20, 2020 11:23:28 GMT
Can currently buy £15K at 2.0%, sell £15K at 2.1% (now gone) - lowest discounts I've seen More than £30k available to buy at 2.0% which is the current buy rate. I cant tell more then that as i don't have more than £30k to try a test higher purchase amt. Fors sales, best rate is 2.2% with just under £3k available. Thismorning lots of £available to buy at 2.1%. Best sell rate available is 2.4% discount.
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dead-money
Rocket to the Moon
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Post by dead-money on Dec 22, 2020 12:47:15 GMT
More than £30k available to buy at 2.0% which is the current buy rate. I cant tell more then that as i don't have more than £30k to try a test higher purchase amt. Fors sales, best rate is 2.2% with just under £3k available. Thismorning lots of £available to buy at 2.1%. Best sell rate available is 2.4% discount. Buy now 2.0%, Sell 2.1% <£100, Sell 2.2% £1500, Sell also touched 2.1% on Sunday for <£100.
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ian
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Post by ian on Dec 22, 2020 20:47:03 GMT
Got a few quid away at 2% today ... I reckon 1.5% will be the order of the day early January with the majority people jumping ship at a discount being those with alternative investment plans
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Post by oppsididitagain on Dec 23, 2020 8:25:08 GMT
2.1 - 2.2 in 5K as I type this..
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Dec 23, 2020 12:46:55 GMT
1.99% discount as i type
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ian
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Post by ian on Dec 23, 2020 13:43:33 GMT
In the round discount was 4% beginning of November 3.3% beginning of December and now 2%.
Additional liquidity and January interest payments are likely to take a further 1% discount out over the course of the next 6 weeks.
Normality to return soon ??
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