oldgrumpy
Member of DD Central
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Post by oldgrumpy on Jan 29, 2017 11:50:13 GMT
The interest achievable in GBIA and GEIA is quoted as providing a "target rate" of 7%. I am two levels below the standard of "spreadsheet dummy". Can anyone give us some idea of the actual returns that have been achieved, bearing in mind some people over the months since launch have reported less than 100% investment? Is it 6.5%?  6%?  5%?  In view of recent comments on other threads about being unable to actually invest anything significant in these accounts, has anyone managed to calculate yet their actual returns (seeing as I doubt anyone has 100% of their cash actually deployed)? Something between 3.75% and "target" 7% .... probably closer to the former.
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Post by bikeman on Sept 9, 2017 22:15:10 GMT
I was horrified to log in one day several weeks ago and find £13k+ sitting in my "waiting to be invested" column with the GBBA, the day before it was all fully invested. That money had been in one loan it seemed. Needless to say the money was still sitting in the "waiting" column for a very long time after that, moving by a few pennies here and there every week which didn't impress me much, especially as they had several loans joining the system. (I appreciate they had issues with supply and demand). Am I reading this thread correct in that had this one loan not re-paid that £13k of my money would be tied up in just one loan and not diversified as more loans came on the system? If so, could the rest of my money be in just a couple of loans rather than spread across their platform? I assumed there was a constant split taking place, a constant movement of funds so my money was as diversified as possible. The only reason I use the 7% account is because I can't be bothered to do things manually and incorrectly assumed the loan diversification would be greater on that and more efficient. I also assumed the fund kicked in immediately the second any problem was encountered. Serves me right to assume, but again I can't be bothered to keep up to speed with all the T&C's as they change like the wind in this sector with so many new platforms, products, rules, ideas, mistakes etc. (Not just talking about AC with my last point, it's one of the reasons I am winding down several of my P2P investments). I will continue to work with AC for the time being, but I don't like to be surprised like this and maybe I need to re-focus my attention again as it isn't all as simple as I thought it was or should be. I wanted diversity, protection and quick access, I thoughts that's why I was taking the hit on the percentage. I could have written this, my thoughts exactly. I wish I had read this before chucking away my money into the GEIA.
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6%? 
5%? 
