dermot
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Post by dermot on Aug 4, 2016 15:16:44 GMT
I've had a few thousand waiting to invest in GBBA for what seems rather a long time and it is only being invested very slowly - if I request a withdrawal from GBBA, does it prioritise waiting cash, rather than making matters worse by selling loan parts?
While I generally like the black box nature of GBBA, I'm thinking that cash waiting at 3.75% can be better deployed elsewhere for a while, until things pick up again.
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SteveT
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Post by SteveT on Aug 4, 2016 15:20:36 GMT
I've had a few thousand waiting to invest in GBBA for what seems rather a long time and it is only being invested very slowly - if I request a withdrawal from GBBA, does it prioritise waiting cash, rather than making matters worse by selling loan parts? While I generally like the black box nature of GBBA, I'm thinking that cash waiting at 3.75% can be better deployed elsewhere for a while, until things pick up again. Yes, unless 20% of your total was already invested in a single loan, when it would have to sell some to keep it at 20% max
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dermot
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Post by dermot on Sept 13, 2016 7:01:24 GMT
And there has been a bit of movement on GBBA; for the first time in some months, all my waiting cash has been hoovered up.
Maybe I'll shovel a bit more in, if this trend continues ...
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Post by hartshay on Sept 21, 2016 15:26:23 GMT
GBBA is acting oddly at the moment.
I have disinvested a sum from the GBBA recently but the last £25 has refused to come out!! Been a few weeks now... any thoughts?
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Steerpike
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Post by Steerpike on Sept 21, 2016 15:28:46 GMT
Loan gone bad?
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Post by cyrilmadrid on Sept 21, 2016 19:15:31 GMT
Yesterday, I tried to put some money in the GBBA to see how it worked.
Today, most of the money is allocated which is good, but it generates some doubt with respect to my manual account: how could the GBBA allocate to me 100 GBP of a specific loan -out of 500 GBP I had in this account-, when I got 0.17 GBP out of a 1000 GBP order in the manual account for the same loan. Is the GBBA prioritary -which would be a bit unfair, because it yields less-.
Any insight on how it works ?
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SteveT
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Post by SteveT on Sept 22, 2016 7:19:00 GMT
The QAA/30DAA and GBBA take the majority of most new loan drawdowns these days, with a smaller amount allocated to be shared across MLIA lenders. That's why many longstanding MLIA lenders are having to withdraw funds regularly as older loans repay. It's near impossible to remain fully invested without accepting substantially lower returns (whether risk is also commensurately lower remains to be seen)
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dermot
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Post by dermot on Sept 27, 2016 13:43:36 GMT
Hmm, a big chunk of cash was just repaid from #223 so now my GBBA has lots waiting again ....
Oh well, was nice while it lasted ...
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dermot
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Post by dermot on Sept 30, 2016 8:23:46 GMT
And another biggish one has just repaid. Hopefully the new loans on the horizon will hoover it up again.
OTOH, in these days of almost zero bank rate, still getting am inflation busting 3.75% while waiting is a lot better than damn all!
What's the natural yield for a conservatively managed stocks and shares portfolio these days, sub 5%?
With the halving of the rate on Santander 123 from October, I'll probably just shovel some into QAA while deciding what to do next.
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arbster
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Post by arbster on Sept 30, 2016 8:35:59 GMT
What's the natural yield for a conservatively managed stocks and shares portfolio these days, sub 5%? Mine's running at 6.21% over the past couple of years - post-Brexit bump has helped, but it'll probably be heading the other way soon.
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mikes1531
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Post by mikes1531 on Dec 6, 2016 3:21:40 GMT
Having had a couple of significant repayments recently, and having difficulty reinvesting the money via the MLIA, I put £100 of my 'idle' cash into my 'test' GBBA. Three days later, all of the £100 still is "Awaiting Investment". Would anyone with more experience with the GBBA than I have care to comment on whether this is typical behaviour these days? I had been hoping that with all the new loans AC have brought to the platform lately the problem of GBBA funds sitting awaiting investment would have become an issue of the past. But either the system isn't working, or there's still a significant shortage of GBBA-eligible loans. The fact that none of my money has been invested presumably means that none of the 16 loans with parts available on the SM right now are eligible for inclusion in GBBAs.  |
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happy
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Post by happy on Dec 6, 2016 6:34:04 GMT
You are right, GBBA has been stuck for almost a month now. I have put over £1k in over the last few months and it was feeding quite well late October into early November, since then almost nothing. WRT the 12 loans on the SM, #250, #317 and #348 are not eligible for the GBBA as they do not have property based security and all the others are at 7.5% or lower (mostly 7%) which is too low for the GBBA to pay 7% and fund the PF (I assume). Just waiting for GBBA/GEIA -Series 2 paying 6% or lower to be launched  |
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