jonno
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nil satis nisi optimum
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Post by jonno on Mar 24, 2015 13:39:40 GMT
Thanks for clarifying that and also about the institutional funding. Having £2'ish million spare to take up slack is a serious amount of spare change. Pretty sure the last time, Cesena? institutional money dropped in towards the end of the funding period. Vaguely remember leaving investing until the end as no instant returns & then scrambling to invest as avaliability dropped massively. ilmoro; Cesena?:so how much of this pleasant north-eastern Italian town did you end up buying?
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 24, 2015 13:47:27 GMT
Pretty sure the last time, Cesena? institutional money dropped in towards the end of the funding period. Vaguely remember leaving investing until the end as no instant returns & then scrambling to invest as avaliability dropped massively. ilmoro; Cesena?:so how much of this pleasant north-eastern Italian town did you end up buying? Oops. hoist by my own petard methinks. I wish, though never got that far down the Via Emilia despite living out there for couple of years
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blender
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Post by blender on Apr 8, 2015 9:39:49 GMT
I did join Ablrate and have bought tickets this aircraft. I do not seem to have many fellow passengers and the flight seems to be in danger of being cancelled - in two weeks time. Some comfort please (and I do not mean extra leg room)?
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baldpate
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Post by baldpate on Apr 8, 2015 11:01:50 GMT
I may be wrong, but all the signs are that Ablrate has institutional money lined up to underwrite this loan (though I don't believe they have said so explicitly).
Still, it must be somewhat galling to AR to see how slowly a proposition such as this is taken up, when compared with the money that piles in to fill (within hours) some of the flakiest of stuff on Funding Circle.
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11025
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Post by 11025 on Apr 8, 2015 11:18:56 GMT
I may be wrong, but all the signs are that Ablrate has institutional money lined up to underwrite this loan (though I don't believe they have said so explicitly). Still, it must be somewhat galling to AR to see how slowly a proposition such as this is taken up, when compared with the money that piles in to fill (within hours) some of the flakiest of stuff on Funding Circle. I agree , probably down to lack of understanding of the concept .
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blender
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Post by blender on Apr 8, 2015 13:36:51 GMT
I may be wrong, but all the signs are that Ablrate has institutional money lined up to underwrite this loan (though I don't believe they have said so explicitly). Still, it must be somewhat galling to AR to see how slowly a proposition such as this is taken up, when compared with the money that piles in to fill (within hours) some of the flakiest of stuff on Funding Circle. I agree , probably down to lack of understanding of the concept . For a lender the concept is pretty simple, and the rates, the security and the instant interest all better than the aforementioned flaky stuff. The interest here from day of bidding, whether it is drawn down or not, should have attracted more by now, imo. Have I missed something?
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11025
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Post by 11025 on Apr 8, 2015 14:26:09 GMT
I agree , probably down to lack of understanding of the concept . For a lender the concept is pretty simple, and the rates, the security and the instant interest all better than the aforementioned flaky stuff. The interest here from day of bidding, whether it is drawn down or not, should have attracted more by now, imo. Have I missed something? I don't think so - that is what I thought and I am happy to invest . But I haven't got a penny in F C either ....
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Post by ablrate on Apr 8, 2015 17:25:44 GMT
I may be wrong, but all the signs are that Ablrate has institutional money lined up to underwrite this loan (though I don't believe they have said so explicitly). Still, it must be somewhat galling to AR to see how slowly a proposition such as this is taken up, when compared with the money that piles in to fill (within hours) some of the flakiest of stuff on Funding Circle. It is slightly galling... but we are changing a whole sector, so we have to be patient. We have a 'white paper' on the way, which we will release probably tomorrow. We are also in negotiations with a data provider to have research on each transaction shown on the site directly through an API, so you can do more research on each loan.... We were also with developers today for the afternoon and are getting close to the launch of the new site... and it is working very well. We are always interested to know if there is any other data, research or other information you guys would like on each loan... we have some ideas. Regards Ablrate
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james
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Post by james on Apr 9, 2015 13:15:43 GMT
I agree , probably down to lack of understanding of the concept . For a lender the concept is pretty simple, and the rates, the security and the instant interest all better than the aforementioned flaky stuff. The interest here from day of bidding, whether it is drawn down or not, should have attracted more by now, imo. Have I missed something? Perhaps that there is substantial and well-established competition? Not so long ago I arranged to invest around £20,000 in the Albion VCT set, much into an asset-backed VCT with projected payout of around 7% a year tax free from one of them. After 30% tax refund from the government that's equivalent to 10% tax free. I like Ablrate's proposition but even so, 11% taxable vs 10% tax free is a fairly easy investing decision to make. Though the VCt buys in effect can make the rest tax free or close to it so it's a nice part of the overall investing picture. At the moment I'm somewhat frustrated by both the ISA and SIPP situations, no only with respect to Ablrate. Given sufficient deal flow I'd like to invest say £50,000 of pension money via Ablrate this year at perhaps £1k cap per deal but the only pension provider currently offering Ablrate has an annual charge of £1,200. 2.4% even when fully invested, in practice more like three or four times that for the first year of investing growth, is not so hot a deal. Helped a bit if other money is moved there but still, it's a challenge for Ablrate to try to solve given that £50,000 is more than most would want to invest and that the SIPP has £200,000 of total pension pot size as one of its minimum qualifications for customers. Fortunately I do meet their minimums but still, it's a startup issue. Of course competition isn't necessarily the big issue, there's also just the usual startup blues as the number of investors using the platform increases.
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blender
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Post by blender on Apr 9, 2015 14:41:37 GMT
Investing a pension pot is not my particular problem. There are organisations, including a grateful nation, which every month deposit cash in my bank account and all I have to do to continue receiving it is stay alive. It's just a matter of putting the spare cash somewhere productive, for me and the general economic prosperity. So true p2p loans (eg Ablrate) to businesses are good and I do not mind paying tax properly due. I would put more in Ablrate if there were other new opportunities. The instant interest is attractive but would not be that important if there were more smaller loans filling quickly, as on other sites. The problem is not just established competition, it is also awareness. Any new business up against established competition has to have in its business plan a way to overcome the barriers to entry. I hope Ablrate have a satisfactory answer because it is difficult, even for those who do wish to invest, to justify more than a few £k on a single available loan which is aiming for a high target which, for example, FC would not be able to fund in one bite.
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Post by ablrate on Apr 10, 2015 9:25:13 GMT
Thanks James and Blender for you comments.. James, I guess like all investors (me included), it is best to look at a broader portfolio of investments and we realise that we are just one of those options. Some platforms do offer the 15%+ returns and on some aircraft deals this would be available, but in general the returns available on our platform have to stack up for everyone, so we cant necessarily compete with those offering high returns.... having said that, on a risk adjusted basis we believe our loans are top notch. I do take your point on the cost for the SIPP... so we are looking at providing an incentive to SIPP accounts that will defray some of these costs... we will let you know when it's concrete and will make it available when the new platform is launched. Blender.. The new platform will enable us to schedule loans and, as such, 'build a book' of investors to make sure the large ones have a following, importantly it will also allow amortizing loans.... and will allow those to be traded... I am not sure of this, but that might be a first? You tell me. We are also talking with several institutions alongside the one we have.. and we hope to give lenders news about them soon. Essentially Ablrate has been in 'beta' (I know its a terribly techy word but hey : where we have been finding what works, what we should do and how we should do it. The feedback from you guys has been awesome, in fact beyond anything we could have expected or wished for, we have also been speaking at length with our institutional investors and prospects to get their perspective. The culmination of all this is that we know that the model works, there is significant interest in what we do and we have a clear plan for differentiation and we have invested heavily in the new platform... now all we need to do is bring you more loans and attract more investors... The first part of that is in the works, our pipeline of business for the new launch is healthy.. the second is a coming wave of Ablrate marketing, starting at the UK Investor Show on the 18th... (if any of you are there, please come to stand F43 and say hi). Talking about the new site, we tested some of it this week and will have access to it again shortly... It is a thing of beauty and for those of you who, rightly, talk about the maths being incorrect elsewhere... this thing is awesome... thanks to ablrateAndy who has Albert Einstein and Emmy Noether in his blood line or who is, frankly, some kind of Cambridge University lab experiment to create annoyingly clever people. Regards Ablrate
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Post by xyon100 on Apr 25, 2015 8:24:17 GMT
Well, I have not put any money in because I can't see how! Following the video instructions and clicking on make a bid whizzes me of to another page where I can't see any way of pledging cash. I also can't see where I am supposed to send the money to. I am slightly hung over though......
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Post by xyon100 on Apr 25, 2015 9:00:40 GMT
As the Stella induced fog clears, I can see I need to be identified. All details filled in as best I can and I get a red X which I presume means it did not work. Best I mail you guys direct then....
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Post by ablrateandy on Apr 25, 2015 12:00:06 GMT
xyon100 All of the best decisions are made with a hangover (bacon sandwiches, long walks in the country, lie-ins, investing in aircraft leases....) . Tracesmart can fail people for various reasons including their own data being slightly out of date, so don't take it personally! I'll get my colleague to have a look and get in touch. Hopefully today but if not then certainly on Monday morning. Andy
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indy
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Post by indy on Apr 25, 2015 13:20:48 GMT
abirateandy When is the new website due to go live? will there be a better deal flow once it does?
I have dipped my toe in your current offering but I am now looking forward to other opportunities.
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