dermot
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Post by dermot on May 24, 2016 8:46:28 GMT
Yesterday, I had 10 zepto-pence(*) reinvested in #227 my GBBA. *: aka 10 Sextillionths of a penny or One Hundred Trillionth of a penny. According to: www.statman.info/conversions/number_scales.htmlI can scarcely wait for the income to start rolling in from that, funding a lavish lifestyle. But patience is a virtue, or so I'm told ... Joking aside, I think it is actually quite comforting that AC does account for every last few zepto-pence. Dermot |
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Post by andrewholgate on May 24, 2016 13:41:15 GMT
Think you'll find we round to the nearest yocto-pence.
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oldgrumpy
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Post by oldgrumpy on May 24, 2016 14:41:11 GMT
Maybe I'll get more than a yoctopenny of #271 which drew down yesterday, but of which I have yet to be allocated anything.  |
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dermot
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Post by dermot on May 24, 2016 14:54:53 GMT
Think you'll find we round to the nearest yocto-pence. Excellent and I am even more impressed - and I've just been allocated another ten thousand yocto-pence into the same loan today. On a not terribly related note, I see that #250 still has 479K units available - any reason why it doesn't seem to get eaten up either in MLIA or GBBA? I did buy a few 100 Trillion Zimbabwe dollar notes - oddly, I haven't been able get any barmen to give me even a single peanut for one.... Dermot
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mikes1531
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Post by mikes1531 on May 24, 2016 15:30:01 GMT
On a not terribly related note, I see that #250 still has 479K units available - any reason why it doesn't seem to get eaten up either in MLIA or GBBA? From that loan's Q&A... If it isn't allowed in the GBBA, the QAA/30DAA probably don't want much, if any, of it either. It's a big loan, and MLIA investors probably have taken as much of it as they want already. 8.5% interest won't be enough to entice some to invest, and if it doesn't qualify for the GBBA that'll make some investors think twice about it as well.
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ton27
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Post by ton27 on May 25, 2016 8:43:32 GMT
I am also in the dark as to where AC is going - allocations to the MLIA are a joke and if all AC are going to offer are 7% accounts then my substantial funds will be heading elsewhere.
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teddy
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Post by teddy on May 25, 2016 17:39:13 GMT
I've still got money sitting waiting to be invested in the GBBA, and it's been there for a good week. It's not a large amount either. Have to say I'm most disappointed so far. It's taken a week to invest a hundred quid. Might as well keep it all in the 30 day access.
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bababill
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Post by bababill on May 26, 2016 6:41:38 GMT
I have been waiting for coming on 4 weeks to invest in the GBBA and still over 50% of my funds are uninvested.
Did just move some funds to RS rolling account which is a first in many years..
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Post by GSV3MIaC on May 30, 2016 14:40:16 GMT
Maybe I should start a new thread, bur I can always move it later .. so .. afaict the GBBA (and GEIA) is aimed pretty much at the FCIT market - i.e. ~7% yield, 'no manual effort required'. The FCIT has the upside of being able to be stuck in an ISA right now, and has excellent liquidity (at a price). Downside is the yield and capital value look maybe riskier than GBBA/GEIA, and anyway I've been edging out of FC for most of the last year, so buying their IT would be an about-face of sorts. There are also buying/selling/holding costs for an IT in an ISA wrapper. So 'what does the team think'? I'm not a big fan of on-shore turbine-toys, although I like the acronym, but GBBA is an option - well it would be, if there were any for sale.
RS at 6% is fine for some money, but 5 years is starting to look like a long time (or 2.5 years even), and there's always the eggs/baskets thing.
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jonah
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Post by jonah on May 30, 2016 16:15:22 GMT
Personally I'm expecting GIEA to die / evolve as the whirligigs start closing down. A GIEA series 2 with a lower earnings potential and lower risk loans could be coming and I would likely put some cash into it depending on the numbers.
I see GBBA as a bid and leave alone account. Currently in a drought which might get resolved in the next couple of weeks hopefully. My medium term concern is that AC may reduce the GBBA rate when they reduce GeIAs.
Assuming nothing changes apart from the drought, AC will likely get some ISA cash of mine for GBBA.
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Post by davee39 on May 30, 2016 19:18:51 GMT
Maybe I should start a new thread, bur I can always move it later .. so .. afaict the GBBA (and GEIA) is aimed pretty much at the FCIT market - i.e. ~7% yield, 'no manual effort required'. The FCIT has the upside of being able to be stuck in an ISA right now, and has excellent liquidity (at a price). Downside is the yield and capital value look maybe riskier than GBBA/GEIA, and anyway I've been edging out of FC for most of the last year, so buying their IT would be an about-face of sorts. There are also buying/selling/holding costs for an IT in an ISA wrapper. So 'what does the team think'? I'm not a big fan of on-shore turbine-toys, although I like the acronym, but GBBA is an option - well it would be, if there were any for sale. RS at 6% is fine for some money, but 5 years is starting to look like a long time (or 2.5 years even), and there's always the eggs/baskets thing. The bid/offer spread on FCIT indicates an immediate capital loss of 3 to 4%. I have taken an interest in P2P Global Investments, currently trading at a 14% discount (Upset by Lending Club loan exposure), paying close to 7% and negligible spread. I see little further downside on the discount, the company is likely to buy back shares if it goes above 15%. The GBBA, and MLIA, need a continuously increasing deal flow to absorb repaid loans and new investment. Until this feeds through, and there is headroom for instant access I will be adding to Zopa Plus, my RS is maxed out.
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dermot
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Post by dermot on Jun 4, 2016 12:09:19 GMT
All of the swept cash I had waiting for QAA and the smaller sums for direct investment in 30DAA are now earning interest.
And a modest amount has now gone into GBBA as well.
On the other hand, I didn't get so much as a penny when #287 went live - at least I got £22 in the much smaller #285.
I wonder why that might be?
D
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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 Jun 4, 2016 14:20:01 GMT
All of the swept cash I had waiting for QAA and the smaller sums for direct investment in 30DAA are now earning interest. And a modest amount has now gone into GBBA as well. On the other hand, I didn't get so much as a penny when #287 went live - at least I got £22 in the much smaller #285. I wonder why that might be? D Chris provided an explanation on another thread. Just a case of being patient and it will come (probably). GBBA doesnt seem to have got any #287 either Drawdown and allocation are discrete events. Allocation can be set up prior to drawdown, and / or compulsory sale of underwriter loan units can occur, but that doesn't have to happen. There was a recent change to the way loan units are released on most loans so that instead of there being a large amount offered on day one they are fed into the market over time - the idea being to smooth availability and peaks and troughs in the amount available on the market.p2pindependentforum.com/post/116289/thread
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