Steerpike
Member of DD Central
Posts: 1,977 
Likes: 1,687
|
Post by Steerpike on May 31, 2016 8:48:47 GMT
Dear *[FNAME] ...
This makes me feel special.
Struggling past this poor start, the newsletter has interesting articles and good news for Assetz, although "successful launch of 30DAA" may be stretching the definition of successful a bit.
Good news! The Raisin platform allows you to invest, with protection, anywhere in Europe!
Bad news! The rates are rubbish!
|
|
dermot
Member of DD Central
Posts: 863
Likes: 517
|
Post by dermot on Jun 1, 2016 10:58:55 GMT
Given how it filled up, a number of people must like it (I think there was quite a bit of direct investment, not just from sharing with QAA).
I have several £K rainy day / holiday money in it and I think it may be quite popular with more risk-averse / less sophisticated investors who sit somewhere between those getting 0.25% from NatWorst protected by HM Gov and those seeking 12 - 15% on other P2P sites with no protection at all.
What I would like to see is an offering that provides for periodic interest and capital repayment amortised across the longer term similar to RS 3 and 5 year accounts.
As time goes on, generating a reasonably automatic income stream to supplement my pension is going to look attractive - not that I'm in my dotage quite yet.
D
|
|
|
|
Post by Harland Kearney on Jun 1, 2016 13:36:54 GMT
I certainly don't think there 30 days and QAA are designed for direct investors. I think over time it will attract people who want to dump large sums of savings into the P2P network but do little to no activity and have minimal risk (as opposed to doing your own DD, high risk band loans).
I'll be honest myself, my own portfolio takes into account AC's QAA as a place to store a certain amount of safe cash which I do not want to tie up in 1-5 year loans or at the whims of a questionable SM under stressed conditions. I'm thinking about dipping into Saving Stream for a higher rate property investments atm.
|
|
|
|
Post by mrclondon on Jun 1, 2016 18:53:12 GMT
I just don't see the attraction of ACs QAA and 30DAA for direct investors at all 
I'd have thought even for MLIA afficiendos like most of us, QAA / 30DAA offers a parking place for funds that will be required for other purposes in due course, where committing to a loan term plus asset recovery period of years may not be the most sensible of strategies.
As soon as I receive planning permission for a house extension (an ongoing saga .... ) loan repayments from all my p2p platforms are very likely to end up in QAA/30DAA until the cost of the build & fit out of the extension has accumulated.
My personal view is that I'll beat any rush to the QAA exit by virtue of having a good working knowledge of the state of the loan book from my MLIA activity.
|
|
|
|
Post by bracknellboy on Jun 1, 2016 19:01:21 GMT
As soon as I receive planning permission for a house extension (an ongoing saga .... ) loan repayments from all my p2p platforms are very likely to end up in QAA/30DAA until the cost of the build & fit out of the extension has accumulated.
If you find yourself in a position where you can't free you money up fast enough for some reason, I think I could recommend a few places you might be able to approach for a bridging loan - for a small referral fee of course.
|
|
|
|
Post by bracknellboy on Jun 1, 2016 19:11:28 GMT
Dear *[ FNAME] ... This makes me feel special. So it should: likely that they have reserved that particular moniker purely for us forumites they consider to be particularly tiresome. I reckon every other AC lender got a 'Dear [John]' email. But would have been better if they had kept their feelings towards us hidden 
|
|
investibod
Member of DD Central
Posts: 288
Likes: 152
|
Post by investibod on Jun 1, 2016 19:58:06 GMT
This is all rather informal. I would expect an institution with the gravitas of AC to address me as Dear Mr *[SNAME] as an absolute minimum. Maybe something even more formal would be appropriate. Maybe if we want to get personalised emails we should change our name in the profile to *[FNAME]. I have a nasty feeling that it might break something though. Just ask Jennifer Null  |
|
|
|
Post by brianac on Jun 1, 2016 20:14:43 GMT
This is all rather informal. I would expect an institution with the gravitas of AC to address me as Dear Mr *[SNAME] as an absolute minimum. Maybe something even more formal would be appropriate. Maybe if we want to get personalised emails we should change our name in the profile to *[FNAME]. I have a nasty feeling that it might break something though. Just ask Jennifer Null Even more frustrating for her Cousin Dev Null. (one for the geeks) Brian
|
|
dermot
Member of DD Central
Posts: 863
Likes: 517
|
Post by dermot on Jun 1, 2016 20:18:26 GMT
|
|
jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
|
Post by jonah on Jun 1, 2016 20:31:21 GMT
|
|
|
|
Post by jevans4949 on Jun 2, 2016 9:37:49 GMT
When I was at primary school (when computers were made of valves!) there was a boy in my class whose forename was Stuart and his surname was George. The class Register book had columns for Surname first then Forename. Teachers calling the register normally managed to transpose these, but supply teachers usually stumbled at this one, and called out "George Stuart?"
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on Jun 2, 2016 20:46:22 GMT
What I would like to see is an offering that provides for periodic interest and capital repayment amortised across the longer term similar to RS 3 and 5 year accounts. : Can't you accomplish that with the GBBA/GEIA and turning off reinvestment? (And if the account starts building up more cash than you need, turning reinvestment back on for a while?)
|
|
dermot
Member of DD Central
Posts: 863
Likes: 517
|
Post by dermot on Jun 3, 2016 13:41:04 GMT
What I would like to see is an offering that provides for periodic interest and capital repayment amortised across the longer term similar to RS 3 and 5 year accounts. : Can't you accomplish that with the GBBA/GEIA and turning off reinvestment? (And if the account starts building up more cash than you need, turning reinvestment back on for a while?) Ah, but that only returns interest - I was thinking of capital and interest return a bit like RS does. D
|
|
|
|
Post by chris on Jun 3, 2016 14:24:53 GMT
dermot : Can't you accomplish that with the GBBA/GEIA and turning off reinvestment? (And if the account starts building up more cash than you need, turning reinvestment back on for a while?) Ah, but that only returns interest - I was thinking of capital and interest return a bit like RS does. D You can tell all the accounts to return interest and principal to the cash account upon repayments.
|
|
dermot
Member of DD Central
Posts: 863
Likes: 517
|
Post by dermot on Jun 3, 2016 16:50:26 GMT
Ah, but that only returns interest - I was thinking of capital and interest return a bit like RS does. D You can tell all the accounts to return interest and principal to the cash account upon repayments. Indeed, but I note that quite a few loans do not return capital until the end, or are interest only for the first year, then small returns of capital with a large lump at the end. I haven't done a thorough study, but it seems that most loans keep at least a significant capital repayment until the end. I'm happy enough with that while wanting to grow my overall investment, but when it comes time to pad out my pension, I'd need to manually seek out those loans (of which there are not that many) which amortise capital repayment equally across the entire term. There are sound cash-flow based reasons, I'm sure, that don't make this the best option for borrowers! Obviously not everyone wants the same type of account, so sticking modest sized lumps into SS for relatively short term loans and into RS with a faster capital repayment profile helps fill the gaps. I eagerly await your upcoming new account(s), to see how they compare! Dermot
|
|
