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Post by jase31 on Apr 29, 2021 10:54:15 GMT
Since last March, I have been withdrawing funds from AC as it dribbles out. Repayments have increased recently, and now I have had all money back.
Anyone else putting new money back into p2p (either AC or someone else). AC does seem to have got through the last 12 months relatively well in the circumstances.
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cb25
Posts: 3,528 
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Post by cb25 on Apr 29, 2021 11:04:35 GMT
Since last March, I have been withdrawing funds from AC as it dribbles out. Repayments have increased recently, and now I have had all money back. Anyone else putting new money back into p2p (either AC or someone else). AC does seem to have got through the last 12 months relatively well in the circumstances. Some views expressed here
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corto
Member of DD Central
one-syllabistic
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Post by corto on Apr 29, 2021 11:11:11 GMT
Since last March, I have been withdrawing funds from AC as it dribbles out. Repayments have increased recently, and now I have had all money back. Anyone else putting new money back into p2p (either AC or someone else). AC does seem to have got through the last 12 months relatively well in the circumstances. Specifically regarding AC: The MLA is currently almost illiquid and 4% or less in AAs is not worth the risk. So for now I've put cash elsewhere. Let's see how they do in the next months.
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ashtondav
Member of DD Central
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Post by ashtondav on Apr 29, 2021 11:15:29 GMT
The most turbulent, economically destructive 12 months since the 2nd world war and I’ve grossed 4% - what’s not to like! (Of course I haven’t needed the capital and I never considered them “ACCESS”)
However the ending of furlough means we may not have reached the end of the economic woe. So, it all depends on yourrisk reward perspective. With Marcus paying me 0.5%, and the premium bonds not much more I may well be sticking more into Zopa, ac and (new investor caveat) loanpad.
But should AC change the name of these accounts? YES!
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corto
Member of DD Central
one-syllabistic
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Post by corto on Apr 29, 2021 12:06:06 GMT
4% are fine, but not for the risk.
What if AC had gone bust, which is what some speculated online here during the last year?
Also: You could have made more than 4% out of the money in these turbulent times.
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Post by Ace on Apr 29, 2021 12:22:39 GMT
Since last March, I have been withdrawing funds from AC as it dribbles out. Repayments have increased recently, and now I have had all money back. Anyone else putting new money back into p2p (either AC or someone else). AC does seem to have got through the last 12 months relatively well in the circumstances. Yes, I'm still adding to many platforms. I've had a steady and stable blended return of around 7.25% per annum after losses from P2P for over 3 years now. I expect to maintain or better that from a very well diversified portfolio for the foreseeable future. Here's a list of the platforms I've added funds to this calendar year, in order of size of funds added: HNW Lending Qardus Somo CrowdProperty ABLrate AxiaFunder Proplend Brickowner Connective Lending Uown Unbolted LandlordInvest ElfinMarket I'm also about to add to CapitalRise and might add to Loanpad, Assetz Exchange and OnStep. I'm waiting for more details (2020 accounts?) to see how Kuflink have addressed their issues before deciding what to do there. Allowing self-select in their ISA account would be a big plus for me. I'm reluctantly withdrawing most repayments from AC due to no suitable availability on the manual SM, no new loans, and my view that the return on the access accounts is insufficient.
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alibaba
Member of DD Central
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Post by alibaba on Apr 29, 2021 14:28:24 GMT
Adding to Loanpad, CP, HNW, Somo, Proplend, Axia Funder (considering ABLrate and landlord invest) waiting for the next accounts to decide on Kuflink. On a matter of principle not adding to AC due to 50k being locked into GEA,GBBA1,GBBA2 and MLA, mainly due to loans being either suspended or in default, fortunately I have been able to remove all of my funds from the QAA.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,056
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Post by dave4 on Apr 29, 2021 14:46:12 GMT
This year.
No particular order
Withdrawing AC, due to now new loans. Qaa empty as risk to reward to low at present.
Kuf. reinvesting repaid funds. will add when accounts published.
Crowd P. reinvesting, adding selectively (and when i win fastest fingers).
Capitol rise. adding funds selectively.
Blend. Would like to add to, awaiting@roxanamohammadian to work some magic on loan availability.
Qardus. adding funds when opportunity arises.
Axia Funder. adding funds when opportunity arises.
Loan pad. adding funds.
Lendary tentatively adding to.
Sumo, adding funds.
Unbolted. adding funds.
Assets Exchange. Adding selectively.
Ablrate. Adding funds.
Elfin. Pocket money for now.
fscs protected accounts filling less slowly than they were.
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qwakuk
Member of DD Central
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Post by qwakuk on Apr 29, 2021 14:51:43 GMT
Since last March, I have been withdrawing funds from AC as it dribblesout. Repayments have increased recently, and now I have had all money back. I'm also about to add to CapitalRise and might add to Loanpad, Assetz Exchange and OnStep. I'm waiting for more details (2020 accounts?) to see how Kuflink have addressed their issues before deciding what to do there. Allowing self-select in their ISA account would be a big plus for me. I'm reluctantly withdrawing most repayments from AC due to no suitable availability on the manual SM, no new loans, and my view that the return on the access accounts is insufficient. OnStep - not created an account yet, are there new loans available, looking to stash away some previous years ISA cash ?
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Post by Ace on Apr 29, 2021 15:01:15 GMT
I'm reluctantly withdrawing most repayments from AC due to no suitable availability on the manual SM, no new loans, and my view that the return on the access accounts is insufficient. OnStep - not created an account yet, are there new loans available, looking to stash away some previous years ISA cash ? No, sorry. Just the one original loan available so far. There are units in it available at a 1% discount.
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Post by df on Apr 29, 2021 15:03:37 GMT
I’m neither adding nor reducing on AC, happy with where I am there.
Platforms I’ve added new money this year: Loanpad, Elfin, Connective and Kuflink.
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Post by df on Apr 29, 2021 15:19:47 GMT
Since last March, I have been withdrawing funds from AC as it dribbles out. Repayments have increased recently, and now I have had all money back. Anyone else putting new money back into p2p (either AC or someone else). AC does seem to have got through the last 12 months relatively well in the circumstances. Yes, I'm still adding to many platforms. I've had a steady and stable blended return of around 7.25% per annum after losses from P2P for over 3 years now. I expect to maintain or better that from a very well diversified portfolio for the foreseeable future. Here's a list of the platforms I've added funds to this calendar year, in order of size of funds added: HNW Lending Qardus Somo CrowdProperty ABLrate AxiaFunder Proplend Brickowner Connective Lending Uown Unbolted LandlordInvest ElfinMarket I'm also about to add to CapitalRise and might add to Loanpad, Assetz Exchange and OnStep. I'm waiting for more details (2020 accounts?) to see how Kuflink have addressed their issues before deciding what to do there. Allowing self-select in their ISA account would be a big plus for me. I'm reluctantly withdrawing most repayments from AC due to no suitable availability on the manual SM, no new loans, and my view that the return on the access accounts is insufficient. Interesting that you added to Unbolted. I’ve only deposited once, a very small amount, this year - otherwise withdrawing almost every week because returns pile up and loan flow is weak. There was only one loan available for manual this year, is this where you’ve increased?
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Post by Ace on Apr 29, 2021 16:03:51 GMT
Yes, I'm still adding to many platforms. I've had a steady and stable blended return of around 7.25% per annum after losses from P2P for over 3 years now. I expect to maintain or better that from a very well diversified portfolio for the foreseeable future. Here's a list of the platforms I've added funds to this calendar year, in order of size of funds added: HNW Lending Qardus Somo CrowdProperty ABLrate AxiaFunder Proplend Brickowner Connective Lending Uown Unbolted LandlordInvest ElfinMarket I'm also about to add to CapitalRise and might add to Loanpad, Assetz Exchange and OnStep. I'm waiting for more details (2020 accounts?) to see how Kuflink have addressed their issues before deciding what to do there. Allowing self-select in their ISA account would be a big plus for me. I'm reluctantly withdrawing most repayments from AC due to no suitable availability on the manual SM, no new loans, and my view that the return on the access accounts is insufficient. Interesting that you added to Unbolted. I’ve only deposited once, a very small amount, this year - otherwise withdrawing almost every week because returns pile up and loan flow is weak. There was only one loan available for manual this year, is this where you’ve increased? I don't usually bother withdrawing surplus funds as I was under the impression that the amount I was allocated in each loan was influenced by the amount of unlent cash in the account (I'm really not sure if this is true though). It seems that my account became fully deployed around the 5th of March, so I added new funds at that point. I did manually allocate to a loan this year, but don't recall exactly when. My funds are currently 94% deployed in my Classic account, and 93% deployed in my ISA Account.
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Post by df on Apr 29, 2021 16:42:22 GMT
Interesting that you added to Unbolted. I’ve only deposited once, a very small amount, this year - otherwise withdrawing almost every week because returns pile up and loan flow is weak. There was only one loan available for manual this year, is this where you’ve increased? I don't usually bother withdrawing surplus funds as I was under the impression that the amount I was allocated in each loan was influenced by the amount of unlent cash in the account (I'm really not sure if this is true though). It seems that my account became fully deployed around the 5th of March, so I added new funds at that point. I did manually allocate to a loan this year, but don't recall exactly when. My funds are currently 94% deployed in my Classic account, and 93% deployed in my ISA Account. Yes that’s how it works (or at least used to work). Influenced by both, your auto-lend settings and the cash you make available, but I don’t think it worked proportionally... also small loans give you a fiver chunk regardless. It must be that single loan hoovered up your cash balance.
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dead-money
Rocket to the Moon
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Post by dead-money on Apr 29, 2021 17:42:39 GMT
"Specifically regarding AC: The MLA is currently almost illiquid and 4% or less in AAs is not worth the risk. So for now I've put cash elsewhere. Let's see how they do in the next months." "Also: You could have made more than 4% out of the money in these turbulent times. " So whilst I've had ~4% on AA and ~8% on MLA those funds would have made far more elsewhere; this is perhaps why some were so aggrieved about been locked in - opportunity cost.
By comparison, my core global equities portfolio returned 12% over last twelve months, satellite portfolio returned 24% and my dabble in Platinum group metals has more than doubled. All with less uncertainty and shifting rules than Assetz Capital.
My MLA holdings are paying down rapidly, but I struggle to get more than a tenth reinvested as there's no meaningful new loan issuance. So that monies gone / going to LoanPad. AC needs to restart the pipeline of new loans pronto, and they'd better be properly new not just rolling over old unrepaid loans into new bridging loans...
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