|
|
GBBA
Sept 15, 2015 16:09:24 GMT
Post by yorkshireman on Sept 15, 2015 16:09:24 GMT
My understanding is that the activity is due to trying to balance individual investors' holdings in the GBBA. If you leave your account alone, it will sell some stuff in order to buy something else, but if the something became unavailable in the time between decision and sale it buys what was sold back. Except, that recently, on occasion, it has failed to buy stuff back. When I mentioned this a day or so back (see Possible QAA Misfeature - it occurred more or contemporaneously with me setting up the QAA) Chris expressed a hope that it was fixed in the last batch of changes to the algorithm. If you withdraw money from the account, it sells whatever there is currently demand for. This may then leave you overweight in another loan, so it proceeds to sell some of that as well, leaving you with less money invested in the account. I've no reason to believe that it specifically takes units away from you for the purpose of allowing others to invest, though any leaks of invested funds would have that effect. Thanks for the response. The account in question was left alone, there is no QAA, nothing was withdrawn and about one third of the investment was sold. So why hasn’t this been corrected AC?
|
|
shimself
Member of DD Central
Posts: 2,563 
Likes: 1,171
|
GBBA
Sept 16, 2015 13:05:11 GMT
Post by shimself on Sept 16, 2015 13:05:11 GMT
My guess is that more people have put money into the GBBA -- even I put a token amount in to see how it works -- and the system felt it had to do something for them. So -- as a result of the lack of GBBA-eligible loan parts on the Aftermarket -- it invested some of their money by dis-investing some of previous investors' money.This question is aimed at AC. Where does it say anything in your marketing hype about selling parts in the GBBA without the investor’s authority? www.assetzcapital.co.uk/our-investor-accounts/gb-account/In fact where does it say anything, in plain English, about how the account operates? I suppose the money of mine that was magically disinvested is not earning interest, is that right? Not even as "Idle funds" in the QAA
|
|
shimself
Member of DD Central
Posts: 2,563
Likes: 1,171
|
GBBA
Sept 16, 2015 13:16:33 GMT
Post by shimself on Sept 16, 2015 13:16:33 GMT
My understanding is that the activity is due to trying to balance individual investors' holdings in the GBBA. If you leave your account alone, it will sell some stuff in order to buy something else, but if the something became unavailable in the time between decision and sale it buys what was sold back. Except, that recently, on occasion, it has failed to buy stuff back. When I mentioned this a day or so back (see Possible QAA Misfeature - it occurred more or contemporaneously with me setting up the QAA) Chris expressed a hope that it was fixed in the last batch of changes to the algorithm. ....... I've no reason to believe that it specifically takes units away from you for the purpose of allowing others to invest, though any leaks of invested funds would have that effect. In my case, with no action at all on my part, the transaction report shows it was getting all in a tizzy about one particular loan on Sep 14 , in the midst of which it sold a solid chunk as opposed to the normal pennies. It made several purchases in the following minutes of pennies, but the most of chunk remains uninvested (and ?not earning interest? days later).
|
|
|
|
GBBA
Sept 16, 2015 13:18:28 GMT
Post by chris on Sept 16, 2015 13:18:28 GMT
This question is aimed at AC. Where does it say anything in your marketing hype about selling parts in the GBBA without the investor’s authority? www.assetzcapital.co.uk/our-investor-accounts/gb-account/In fact where does it say anything, in plain English, about how the account operates? I suppose the money of mine that was magically disinvested is not earning interest, is that right? Not even as "Idle funds" in the QAA Neither has happened. It will only sell if a loan moves outside the investment criteria or if the loan (at either the PF level or lender level) is over exposed. We did away with the sell to try and rebalance your own portfolio code with a newer direct exchange system being tested ready for deployment once the current excitement over the latest release has died down.
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
Likes: 11,549
|
GBBA
Sept 16, 2015 13:25:15 GMT
Post by ilmoro on Sept 16, 2015 13:25:15 GMT
I suppose the money of mine that was magically disinvested is not earning interest, is that right? Not even as "Idle funds" in the QAA Neither has happened. It will only sell if a loan moves outside the investment criteria or if the loan (at either the PF level or lender level) is over exposed. We did away with the sell to try and rebalance your own portfolio code with a newer direct exchange system being tested ready for deployment once the current excitement over the latest release has died down. So why did #165 suddenly require a reduction of 30% in my total GBBA holdings. The GBBA was perfectly happy to be, I assume very overweight, for the previous week. What suddenly changed?
|
|
shimself
Member of DD Central
Posts: 2,563
Likes: 1,171
|
GBBA
Sept 16, 2015 13:53:00 GMT
Post by shimself on Sept 16, 2015 13:53:00 GMT
I suppose the money of mine that was magically disinvested is not earning interest, is that right? Not even as "Idle funds" in the QAA Neither has happened. It will only sell if a loan moves outside the investment criteria or if the loan (at either the PF level or lender level) is over exposed. We did away with the sell to try and rebalance your own portfolio code with a newer direct exchange system being tested ready for deployment once the current excitement over the latest release has died down. I have just a few hundred in the GBBA. The relevant transactions are below. My guess is that I was overinvested in the Merseyside Care hom as a fraction of my total investment, due to some software error. But for sure it was "magically disinvested". And am I right it's not currently earning interest? 14th Sep 2015 at 12:58 Sale of loan part 13273845 (new id 13301932) for 86.7755089254320595310999999999999999500000 GBP - fee 0 GBP, annualised rate 7.000, loan: Merseyside Care Home (165)
|
|
|
|
Post by chris on Sept 16, 2015 13:58:55 GMT
Neither has happened. It will only sell if a loan moves outside the investment criteria or if the loan (at either the PF level or lender level) is over exposed. We did away with the sell to try and rebalance your own portfolio code with a newer direct exchange system being tested ready for deployment once the current excitement over the latest release has died down. So why did #165 suddenly require a reduction of 30% in my total GBBA holdings. The GBBA was perfectly happy to be, I assume very overweight, for the previous week. What suddenly changed? The previous implementation had a bug that was allowing it to be overweight - it was supposed to allow a small overfunding to aid deployment of cash but sometimes breached even that. The new version fixed that bug but has corrected the held amounts to be within the account limits.
|
|
|
|
GBBA
Sept 16, 2015 13:59:27 GMT
Post by chris on Sept 16, 2015 13:59:27 GMT
Neither has happened. It will only sell if a loan moves outside the investment criteria or if the loan (at either the PF level or lender level) is over exposed. We did away with the sell to try and rebalance your own portfolio code with a newer direct exchange system being tested ready for deployment once the current excitement over the latest release has died down. I have just a few hundred in the GBBA. The relevant transactions are below. My guess is that I was overinvested in the Merseyside Care hom as a fraction of my total investment, due to some software error. But for sure it was "magically disinvested". And am I right it's not currently earning interest? 14th Sep 2015 at 12:58 Sale of loan part 13273845 (new id 13301932) for 86.7755089254320595310999999999999999500000 GBP - fee 0 GBP, annualised rate 7.000, loan: Merseyside Care Home (165) If you have idle funds that are not deployed in the QAA then you're not earning interest.
|
|
shimself
Member of DD Central
Posts: 2,563
Likes: 1,171
|
GBBA
Sept 16, 2015 16:03:11 GMT
Post by shimself on Sept 16, 2015 16:03:11 GMT
If you have idle funds that are not deployed in the QAA then you're not earning interest. And it looks like idle money in the GBBA doesn't go into the QAA (unlike the MLIA). Is that right please? It feels pretty weird putting money into a fund at 7%, getting it fully invested and then suddenly with no action on my part finding that some 15% of my investment isn't earning money. The rate therefore being in effect closer to 6%. With your overview how long do you think this will last before it gets fully invested again ?
|
|
|
|
GBBA
Sept 16, 2015 16:13:17 GMT
Post by chris on Sept 16, 2015 16:13:17 GMT
If you have idle funds that are not deployed in the QAA then you're not earning interest. And it looks like idle money in the GBBA doesn't go into the QAA (unlike the MLIA). Is that right please? It feels pretty weird putting money into a fund at 7%, getting it fully invested and then suddenly with no action on my part finding that some 15% of my investment isn't earning money. The rate therefore being in effect closer to 6%. With your overview how long do you think this will last before it gets fully invested again ? GBBA does invest idle funds in the QAA. There's a fair queue of cash waiting to get in though. The "no action" part is down to a bug being fixed that previous over exposed your account out of accordance with the investment criteria you agreed to. In fixing that it's had to sell some of the holdings. Time to fully invest will depend on other people leaving the account (not frequent at the moment) or other loans drawing down. There are a number scheduled for September which should see your funds deployed.
|
|
shimself
Member of DD Central
Posts: 2,563
Likes: 1,171
|
GBBA
Sept 16, 2015 17:15:55 GMT
Post by shimself on Sept 16, 2015 17:15:55 GMT
And it looks like idle money in the GBBA doesn't go into the QAA (unlike the MLIA). Is that right please? It feels pretty weird putting money into a fund at 7%, getting it fully invested and then suddenly with no action on my part finding that some 15% of my investment isn't earning money. The rate therefore being in effect closer to 6%. With your overview how long do you think this will last before it gets fully invested again? GBBA does invest idle funds in the QAA. There's a fair queue of cash waiting to get in though. The "no action" part is down to a bug being fixed that previous over exposed your account out of accordance with the investment criteria you agreed to. In fixing that it's had to sell some of the holdings. Time to fully invest will depend on other people leaving the account (not frequent at the moment) or other loans drawing down. There are a number scheduled for September which should see your funds deployed. Well waddya know, the GBBA is now fully invested, so good. When I looked an hour ago there was a mismatch between the idle funds showing on the dashboard in the various accounts, and the idle funds plus uninvested showing in the QAA, which was close to the GBBA amount so maybe that's misbehaving. There still is a discrepancy of £22 between MLIA and QAA's versions of idle funds that I can't understand. The Investment Criteria that I agreed to - steady on you're sounding like a bank. I was hoping you would say more like, yes sorry the GBBA had overinvested you in that loan, we fixed the bug now, it won't happen again. It's a fair cop, it's bee n blood out of a stone to get you to confess, don't get narky with me.
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
GBBA
Sept 16, 2015 20:06:44 GMT
Post by mikes1531 on Sept 16, 2015 20:06:44 GMT
With your overview how long do you think this will last before it gets fully invested again ? Time to fully invest will depend on other people leaving the account (not frequent at the moment) or other loans drawing down. There are a number scheduled for September which should see your funds deployed. : You've mention two possible events that would allow a GBBA to progress towards full investment -- other people reducing their GBBA investments, or new loans drawing down. Isn't there also a third event -- MLIA lenders selling some of their GBBA eligible loan parts?
|
|
|
|
Post by chris on Sept 16, 2015 20:27:54 GMT
Time to fully invest will depend on other people leaving the account (not frequent at the moment) or other loans drawing down. There are a number scheduled for September which should see your funds deployed. : You've mention two possible events that would allow a GBBA to progress towards full investment -- other people reducing their GBBA investments, or new loans drawing down. Isn't there also a third event -- MLIA lenders selling some of their GBBA eligible loan parts? Yes, quite right.
|
|
duck
Member of DD Central
Posts: 2,880
Likes: 6,964
|
Post by duck on Oct 1, 2015 5:53:08 GMT
An 'observation' possibly for chris For those in the loan we know L............. C... H... #133 paid off yesterday and the capital and interest made it's way back into our accounts last night (thanks).
In MLIA the transaction statements clearly states "Principal repayment ...." and since this was expected the position is very clear.
Now I appreciate that GBBA investors received the Email notifying the full repayment yesterday but as illustrated by my partner yesterday it was a case of 'is there anything I have to do with this?' .... (I realise that this has been raised before so not looking at going over old ground)
But when you look at the GBBA transaction statement it states "Sale of loan part 13209775 (new id 13435273) ..."
Now if I was a hands off GBBA investor (as is the desired position) I would look at my dashboard and wonder why yesterday I was fully invested and today I have un-invested cash. So I might look at the transaction statement and see a 'sale'. Now the connection might be made to the paid off loan but since the 'sale' is give a new id (as per any sales that the GBBA makes) it is far from clear.
I realise that due to internal processes the GBBA might be making a sale but if I put on the hat of a 'hands off investor' I would be confused. In this case the repayment represented @1.6% of my partners GBBA but if the loan had been one that represented 20% the GBBA (40% of my partners GBBA is in 2 loans) the dashboard would have made sad reading this morning.
Could the terminology in the GBBA transaction statement be tweaked to make it clearer?
Obviously on this forum we can see exactly what the position is but I can imagine some 'normal' hands off investors wondering what is going on and possibly loosing confidence if a large un-invested balance suddenly appears.
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
GBBA
Oct 1, 2015 18:51:54 GMT
Post by mikes1531 on Oct 1, 2015 18:51:54 GMT
... I can imagine some 'normal' hands off investors wondering what is going on and possibly loosing confidence if a large un-invested balance suddenly appears. Luckily my GBBA investment experiment didn't hold any of #133, so I didn't see my uninvested balance go up last night. But it's not going down either. Having made my investment about three weeks ago, it has taken a while to be invested into loan parts. The most recent investment was to put 20% of my total into #157, but that was a week ago. That purchase brought my total proportion invested up to 86.4%, so I'm now earning 6.05% p.a. I haven't a clue how long it would take before someone who put money into their GBBA now would see all their money invested, but it's bound to be disappointing. I also note that my total GBBA investment displayed on the Dashboard keeps fluctuating. Sometimes it is 100% of what I invested -- I haven't earned any noticeable interest yet -- and sometimes it's a few pence short. I presume that's the result of rounding, but it surprises me that it keeps changing despite there being no transactions in the account. Might the system be being tweaked periodically?
|
|
