|
|
Post by vanessaiman on Sept 9, 2016 14:51:14 GMT
Hi elliotn, I hope you are well. We will be bringing live indications of the amount of loans currently available to the website, giving you more details. Best, Vanessa |
|
kaya
Member of DD Central
Posts: 1,150 
Likes: 718
|
Post by kaya on Sept 13, 2016 10:14:32 GMT
Is there a connection here with Octopus Finance & L******* Ltd - a borrower at Rebuilding Society? Either that or you have name-branding competition!
|
|
|
|
Post by vanessaiman on Sept 13, 2016 13:06:13 GMT
Hi kaya, I hope you're having a lovely day in the sun! Thank you for bringing this to our attention, no there is no relation to us and Octopus Finance & L******* Ltd. Best, Vanessa |
|
upland
Member of DD Central
Posts: 479
Likes: 175
|
Post by upland on Sept 14, 2016 7:39:29 GMT
Hi Upland, We're growing all the time and hope/expect to be at around 40 loans within the next month or so. But it's worth remembering that we're already at the stage where no more than 5% of investors' money will be concentrated in a single loan, which we think provides a good level of diversification. Best, Vanessa Hi Vanessa , my largest holding is 7.5% of the total and has been like that since last week. Is that to be expected ?
|
|
|
|
Post by davee39 on Sept 14, 2016 9:18:44 GMT
I like to trial the withdrawal process before investing a significant sum, all completed in a timely way as follows.
Request to withdraw £10 on Monday morning. 10 £10 loans were sold and repurchased as £9 loans. Funds arrived today as promised.
While there is no guarantee that future withdrawals will be equally fast I suspect that there will be few problems as the platform grows.
|
|
|
|
Post by vanessaiman on Sept 14, 2016 9:31:24 GMT
Hi upland I hope you are well. Holdings only get allocated when you invest, they don’t get re-balanced automatically in most cases. If you would like further details on your holdings you can contact support@octopuschoice.com |
|
upland
Member of DD Central
Posts: 479
Likes: 175
|
Post by upland on Sept 14, 2016 10:21:03 GMT
Hi upland I hope you are well. Holdings only get allocated when you invest, they don’t get re-balanced automatically in most cases. If you would like further details on your holdings you can contact support@octopuschoice.com Sept 14, 2016 3:39:29 GMT 1 upland said: vanessaiman Avatar Sept 9, 2016 6:35:37 GMT 1 vanessaiman said: Hi Upland, We're growing all the time and hope/expect to be at around 40 loans within the next month or so. But it's worth remembering that we're already at the stage where no more than 5% of investors' money will be concentrated in a single loan, which we think provides a good level of diversification. Best, Vanessa Hi Vanessa , my largest holding is 7.5% of the total and has been like that since last week. Is that to be expected ? Hi Vanessa My point is that what I have is not a 5% max so its not even as diverse as you could get with 20 holdings. If I were to put more in would it do the same ?
|
|
|
|
Post by vanessaiman on Sept 14, 2016 13:31:50 GMT
Hi upland, If you could please contact support@octopusinvestments.com, our customer specialists team will be able to look into your account. Please do let me know if you have any problems. Best, Vanessa |
|
|
|
Post by vanessaiman on Sept 20, 2016 13:16:13 GMT
|
|
littonowl
Member of DD Central
Posts: 398
Likes: 355
|
Post by littonowl on Sept 22, 2016 10:42:57 GMT
Waited a couple of weeks to add more funds, then spotted a little rise in the target return yesterday to 5.4%, so have managed to boost my anticipated rate of return up to 4.96%. I note this morning the target rate is back down to 5%, so it does vary quite a bit!
I now have money spread over 20 loans, (8 new loans added with this investment), so it would seem more loans are now coming on stream? However, in common with upland's earlier posts, I do have several proportionally larger loans of 7.75%, which could potentially hurt returns if one of them got in trouble. As I add more cash, this percentage should hopefully further reduce though... Vanessa, is there any possibility of putting on the website the number of loans currently being funded, or even better, a list of all their postcodes, that way it may give more confidence to add more cash if we know the likely destination of funds?
|
|
pom
Member of DD Central
Posts: 1,922 
Likes: 1,244
|
Post by pom on Sept 22, 2016 11:05:39 GMT
I'm up to 38 loans now having made 4 investments starting Aug 1st, last one a couple of days ago (about 4% max I think). Little and often is clearly the way to go - which is no doubt why they encourage automated monthly deposits....and it may be that it's never really going to suit the more active investors such as ourselves. I keep thinking about setting up a monthly payment but a) am not that patient and b) would struggle to predict what money might be available and when there's so many other temptations on my other platforms  A passive investor setting up a monthly payment will probably be absolutely fine tho. |
|
|
|
Post by vanessaiman on Sept 22, 2016 15:49:28 GMT
Hi littonowl, I hope you've been well. I'm glad to see that you are still investing in Choice. At current, we have information regarding the number of current loans displaying only for users who haven't not invested yet. We will however will be looking into showing the new rate, and the number of loans for the new investment. I do understand that having a list of the property postcodes would give more confidence but unfortunately we wouldn't be able to disclose the actual postcodes for privacy reasons. Best, Vanessa |
|
|
|
Post by jordan on Sept 22, 2016 16:15:23 GMT
|
|
pom
Member of DD Central
Posts: 1,922
Likes: 1,244
|
Post by pom on Sept 29, 2016 12:31:14 GMT
I'm up to 38 loans now having made 4 investments starting Aug 1st, last one a couple of days ago (about 4% max I think). Little and often is clearly the way to go - which is no doubt why they encourage automated monthly deposits....and it may be that it's never really going to suit the more active investors such as ourselves. I keep thinking about setting up a monthly payment but a) am not that patient and b) would struggle to predict what money might be available and when there's so many other temptations on my other platforms A passive investor setting up a monthly payment will probably be absolutely fine tho. And now 39 without even doing anything... (seems I've had 2 capital repayments in the last week that were then reinvested). So I guess however you invest diversification will improve over time...still think regular-ish deposits is probably the best way to go tho.
|
|
littonowl
Member of DD Central
Posts: 398
Likes: 355
|
Post by littonowl on Sept 29, 2016 18:46:50 GMT
Yeah, I've had one reinvestment too, Pom. Now up to 28 myself, after another top up today.
|
|
A passive investor setting up a monthly payment will probably be absolutely fine tho.