dave
Member of DD Central
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GBBA
May 9, 2016 17:07:17 GMT
Post by dave on May 9, 2016 17:07:17 GMT
I have sent a prod to enquires@
Dave
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jonah
Member of DD Central
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GBBA
May 9, 2016 19:26:45 GMT
Post by jonah on May 9, 2016 19:26:45 GMT
I put a modest £xk investment into my GBBA on Sunday. Since then I've had various interest payments and so far, 1 purchase, for 24p. I was hoping that that upcoming new loans might trigger it into action, but no luck so far.
I've had my GBBA be 100% or 99.x% invested quite a bit recently and it has only been just over 24hrs, but not looking too great currently.
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Post by oldnick on May 9, 2016 22:02:35 GMT
My account seems to have gone off it's food too. Worse than feeding a cat!
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jonah
Member of DD Central
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GBBA
May 10, 2016 4:46:05 GMT
Post by jonah on May 10, 2016 4:46:05 GMT
No new loans drawn down, but a £42 buy just after midnight, so a slight improvement.  |
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duck
Member of DD Central
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GBBA
May 10, 2016 6:09:21 GMT
Post by duck on May 10, 2016 6:09:21 GMT
Well my 'conclusion' is that there is something about the GBBA buying policy that I currently don't understand  My wife's account made a couple of purchases yesterday £42 & £0.24 .... so the account is not 'stuck'. But my MLIA accounts continued to buy #223, 245 and 255 all of which were bought originally by my wife's GBBA (so they are eligible) none have credit events shown so there is no reason that they are no longer eligible (based on my understanding). The only logical (very dangerous word!) answer is that the GBBA overall holds enough of these loans so it will not buy more in spite of availability and individual GBBA accounts holding 'cash' and not approaching their individual 20% limit. |
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dermot
Member of DD Central
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GBBA
May 10, 2016 8:39:48 GMT
Post by dermot on May 10, 2016 8:39:48 GMT
No new loans drawn down, but a £42 buy just after midnight, so a slight improvement. Clearly 42 is - as one might imagine - a magic number; I had £42 purchased last night, so that makes three of us ... Oh, and 00-24p as well. No new loans drawn down, I believe, so presumably there are always a few people selling out and we just wait our turn to buy.... DD
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ben
Posts: 2,020
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GBBA
May 10, 2016 9:14:37 GMT
Post by ben on May 10, 2016 9:14:37 GMT
Well my 'conclusion' is that there is something about the GBBA buying policy that I currently don't understand My wife's account made a couple of purchases yesterday £42 & £0.24 .... so the account is not 'stuck'. But my MLIA accounts continued to buy #223, 245 and 255 all of which were bought originally by my wife's GBBA (so they are eligible) none have credit events shown so there is no reason that they are no longer eligible (based on my understanding). The only logical (very dangerous word!) answer is that the GBBA overall holds enough of these loans so it will not buy more in spite of availability and individual GBBA accounts holding 'cash' and not approaching their individual 20% limit. I would hope the GBBA has a limit for each loan otherwise people will simply just play the system buy a loan manually then sell it on a few months later knowing the GBBA will buy it
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duck
Member of DD Central
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GBBA
May 10, 2016 10:41:48 GMT
Post by duck on May 10, 2016 10:41:48 GMT
I would hope the GBBA has a limit for each loan otherwise people will simply just play the system buy a loan manually then sell it on a few months later knowing the GBBA will buy it Yes certainly a logical position to ensure the long term stability of the GBBA and the PF. That said if you only hold a GBBA and have cash waiting to be invested it must be frustrating to know that eligible loans are being traded but your account is not being allowed to buy. There again the GBBA is designed to attract investors who will not be reading this forum and will probably only check their accounts on an ad-hoc basis.
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mikes1531
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GBBA
May 10, 2016 15:20:50 GMT
Post by mikes1531 on May 10, 2016 15:20:50 GMT
I was under the impression that only a certain percentage was made avalaliable for the GBBA so that people could trade it on the manual account, so the GBBA got its perentage on day one then the account grows in size when new loans are released rather then it taking everything of the secondary market. As if it did that we would all buy manually and sell a few months later knowing the GBBA would be along shortly to hoover it all up GBBA should be buying at draw down but also should be buying on the SM as I understand it. Suspect a prod may be needed as several accounts, including mine, seem to be paused. My last purchase was on the 3rd may from new loans going live. I can see why, to preserve some availability for MLIAs, the GBBA is limited in what it can take of a given loan when it draws down. But I don't see why, after MLIA investors have had an opportunity to buy as much as they like and there still are parts available on the SM some weeks later, the GBBA can't buy some more of that loan if there are under-invested GBBA accounts. The only logical (very dangerous word!) answer is that the GBBA overall holds enough of these loans so it will not buy more in spite of availability and individual GBBA accounts holding 'cash' and not approaching their individual 20% limit. I would hope the GBBA has a limit for each loan otherwise people will simply just play the system buy a loan manually then sell it on a few months later knowing the GBBA will buy it 's plan to 'play the system' would work only if investment in the GBBA is increasing faster than it can grow by taking chunks of new loans as they draw down. I was under the impression that, unless retention was needed to support GBBA growth, the GBBA -- and QAA/30DAA -- generally would be reducing their holdings of older loans with time as new loans were taken on and their overall holdings were becoming diversified. If that's the case, the plan wouldn't work because the GBBA would be a net seller rather than a net buyer of older loans, and that wouldn't help the MLIA sellers at all.
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GBBA
May 10, 2016 15:30:14 GMT
Post by chris on May 10, 2016 15:30:14 GMT
GBBA does not take MLIA demand into account at all, it is driven by three algorithms: one decides which loans it should invest in from a global point of view; another decides the total to invest in each loan from a global point of view; the third takes that investment decision and turns it into individual action on lender accounts. The main missing piece of the puzzle where the account could be further optimised is in having a more aggressive rebalancing of investments between lenders, so that all lender investment profiles trend towards the same percentage of holdings in each loan. The algorithm for that is coded but other priorities have stopped me from having time to properly test and then release it.
Without that final algorithm the accounts perform well when there are loans available - a couple of weeks ago a lender wrote to us saying they'd deposited north of £150k into the account and it had been fully invested within the hour - but when loans are not so readily available both individual and global diversification can get in the way.
At the moment there's ~£150k of idle funds in the account, this time last week that was down to £5k. It fluctuates as loans draw, with a couple of new loans drawing of a good size I'd expect that to almost entirely clear.
Ps. I am on holiday so replies will be very sporadic.
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jonah
Member of DD Central
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GBBA
May 10, 2016 21:15:16 GMT
Post by jonah on May 10, 2016 21:15:16 GMT
Mine has swallowed a chunk of today's drawn down loan. A way to go to get to 100% but progress is being made. Also QAA is providing some interest in the mean time. Well I assume it is, the statement text is currently somewhat confused between account names, but my 'total swept' value looks correct so hopefully fine.
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bababill
Member of DD Central
Posts: 529
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GBBA
May 11, 2016 3:47:01 GMT
Post by bababill on May 11, 2016 3:47:01 GMT
At the moment there's ~£150k of idle funds in the account, this time last week that was down to £5k. It fluctuates as loans draw, with a couple of new loans drawing of a good size I'd expect that to almost entirely clear. Ps. I am on holiday so replies will be very sporadic. Interesting...This time last week (and all of last week and most of May) I alone had over 5k of idle funds in the GBBA. As others have said at least I am earning some interest as funds are swept back into the QAA.
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dermot
Member of DD Central
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GBBA
May 11, 2016 9:15:04 GMT
Post by dermot on May 11, 2016 9:15:04 GMT
At the moment there's ~£150k of idle funds in the account, this time last week that was down to £5k. It fluctuates as loans draw, with a couple of new loans drawing of a good size I'd expect that to almost entirely clear. Ps. I am on holiday so replies will be very sporadic. Interesting...This time last week (and all of last week and most of May) I alone had over 5k of idle funds in the GBBA. As others have said at least I am earning some interest as funds are swept back into the QAA. All of my outstanding GBBA waiting was swallowed up last night, I'm at 100% now. D
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GBBA
May 11, 2016 10:19:38 GMT
via mobile
Post by oldnick on May 11, 2016 10:19:38 GMT
My account swallowed the last dainty morsel the following day but is now turning up it's nose to my second helping. With cats it's often because they're being fed by next door as well - I live in hope for my GBBA  |
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jonah
Member of DD Central
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GBBA
May 12, 2016 19:51:05 GMT
Post by jonah on May 12, 2016 19:51:05 GMT
Well, someone unleashed the tiger! I've a page a a half of buys from today and it still seems to be going. Even my GEIA has got in on the action and had some buying.
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