Investboy
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Trying to recover from P2P revolution
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Post by Investboy on Jun 1, 2016 11:48:27 GMT
There are currently 2 in upcoming loans.
Why would anybody invest in them when you have GBBA, GEIA @ 7% with provision fund? The only thing that I can think of is diversification or if someone is really desperate to get invested.
Has AC shot themselves in the foot with that? To make those loans interesting they can either increase MLIA rates or lower GBBA/GEIA rates.
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oldgrumpy
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Post by oldgrumpy on Jun 1, 2016 11:57:17 GMT
There are currently 2 in upcoming loans. Why would anybody invest in them when you have GBBA, GEIA @ 7% with provision fund? The only thing that I can think of is diversification or if someone is really desperate to get invested. Has AC shot themselves in the foot with that? To make those loans interesting they can either increase MLIA rates or lower GBBA/GEIA rates. Shooting investors in the foot there, eh Investboy ? I don't think AC had thought of that! 
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happy
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Post by happy on Jun 1, 2016 12:03:36 GMT
I purchase low rate MLIA loans for loan diversification or asset class diversification. Maybe once the GBBA actually properly diversifies then I might put more into my GBBA and less into low rate MLIA loans but right now I am too concerned about getting a load more of something I already hold more than enough of.
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ben
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Post by ben on Jun 1, 2016 12:03:38 GMT
since the other accounts were released the rates on AC have been going down so I would guess at some point the other accounts will go down or the manual investor account will dissapear.
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skippyonspeed
Some people think I'm a little bit crazy, but I know my mind's not hazy
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Post by skippyonspeed on Jun 1, 2016 12:21:00 GMT
Perhaps another choice is needed. "Transfer funds to more competitive platform"
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ben
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Post by ben on Jun 1, 2016 12:30:48 GMT
Personally I except to get 7/8% back after defaults anyway so I quite like the GBBA
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oldgrumpy
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Post by oldgrumpy on Jun 1, 2016 12:36:43 GMT
Agreed to an extent, as long as close to 100% of the cash is invested, rather than waiting, and the rate is maintained at 7%.
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JamesFrance
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Port Grimaud 1974
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Post by JamesFrance on Jun 1, 2016 13:02:41 GMT
I think these low rate loans are only for mass market investors who have no interest in active investment. I think that for most forum members p2p is an interesting activity and not just a way of beating the Bank of England in it's efforts to keep house prices high. I will be sorry lo leave AC but I can auto invest at 12% in 1 month loans with repayment guarantee including interest for example, which are available in large quantities every day, so why accept much lower rates where there is still default risk?
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Investboy
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Trying to recover from P2P revolution
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Post by Investboy on Jun 1, 2016 14:48:39 GMT
Perhaps another choice is needed. "Transfer funds to more competitive platform" I guess "No" covers that option.
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Post by yorkshireman on Jun 1, 2016 14:56:51 GMT
I can auto invest at 12% in 1 month loans with repayment guarantee including interest for example, which are available in large quantities every day Perhaps I’m missing the obvious but could you explain that please?
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JamesFrance
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Post by JamesFrance on Jun 1, 2016 15:08:51 GMT
Mintos has them now at 12.5%, or Twino where you can operate a sterling account if you don't want to invest in euros.
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Post by Harland Kearney on Jun 1, 2016 16:11:40 GMT
I would say the point is for diversification. But that is pretty bland, if I wanted to select 7 percent Loans I would do it with GBBA because of the access to the provision fund.
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oldgrumpy
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Post by oldgrumpy on Jun 2, 2016 8:40:46 GMT
I had a thought (before my first banana). Currently, (due to circumstances we all grumple about) I have a moderate four figure sum sitting in QAA at 3.75% waiting for loan allocations of decent size (medium/high three figure) at a decent rate (9.75%+). Why not open my own private GMQAA*? Invest in all the small allocations we get in these small-medium size 7%-8%. This can mount up, and reduce my QAA tranche to what I actually might need quickly, but get a better rate than 3.75% If my QAA/MLIA funds get depleted, sell off some GMQAA (the loans being smallish, there shouldn't be too much available to cause a queue/delay in selling). Thre would be short periods when funds queued to get in the QAA but that happens already. That could be one point of MLIA loans at 7%. Third cup of tea  . * Grumpy's Medium Quick Access Account. |
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SteveT
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Post by SteveT on Jun 2, 2016 8:45:01 GMT
I had a thought (before my first banana). Currently, (due to circumstances we all grumple about) I have a moderate four figure sum sitting in QAA at 3.75% waiting for loan allocations of decent size (medium/high three figure) at a decent rate (9.75%+). Why not open my own private GMQAA*? Invest in all the small allocations we get in these small-medium size 7%-8%. This can mount up, and reduce my QAA tranche to what I actually might need quickly, but get a better rate than 3.75% If my QAA/MLIA funds get depleted, sell off some GMQAA (the loans being smallish, there shouldn't be too much available to cause a queue/delay in selling). Thre would be short periods when funds queued to get in the QAA but that happens already. That could be one point of MLIA loans at 7%. Third cup of tea . * Grumpy's Medium Quick Access Account. That's roughly what I have in mind to do once chris launches the promised "MLIA cash balance warning email" feature. Once I get an email each time my MLIA cash balance drops to £X00 then I can sell a few bits from my "GMQAA" holdings (without needing to log in daily to check).
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oldgrumpy
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Post by oldgrumpy on Jun 2, 2016 8:49:02 GMT
The GMQAA (and your SMQAA) would usually be a helluva lot quicker than the 30DAA PS - can't change my vote from no to yes in the poll. |
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