happy
Member of DD Central
Posts: 397 
Likes: 497
|
Post by happy on Sept 15, 2016 18:14:26 GMT
I have approx £20k in the GBBA. Around 60% of this is in 3 loans of about £4k each which has always left me feeling somewhat uncomfortable of my individual loan exposure. I just did a test sale of £100 today expecting that it would probably sell some of my biggest holdings (one of which is actually over 20% of my GBBA) but no.....it sold £50 in 2 loans I barely had any holding in and had only recently been purchased. This seems like madness and in the absence of the promissed diversification routine chris said was in the pipeline it seems there is no way out of this situation short of just selling out of the GBBA altogether and then adding a little bit at a time back in to try and get some sort of diversification. Does anyone else feel the same about the potential lack of automated GBBA/GEIA diversification? Should I be worried about this with the PF protection or is it a non-issue? Personally I only stayed with this situation because I thought the fix was coming, I am reconsidering this position now though. Interested in others thoughts... |
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Sept 15, 2016 19:03:25 GMT
Yes, I was similarly concerned at the effects of the GBBA lack-of-diversification algorithm. However I no longer feel this because I dumped my GBBA holding completely and took it elsewhere. My MLIA diversification algorithm does more or less what I intend it to.
|
|
|
|
Post by crabbyoldgit on Sept 15, 2016 19:18:42 GMT
Me to conserned over lack of diversification, so got out of both the gbba and geia, for just that reason only. I wonder what the the spread of loan diversification will look like for individual investers in the geia after the tranch of upcomming wind turbines repay.
|
|
bababill
Member of DD Central
Posts: 529
Likes: 245
|
Post by bababill on Sept 19, 2016 4:13:22 GMT
Wish I could get out of the GBBA. I unfortunately invested in one of the loans that turned sour... So I am tied in until it resolves its self maybe a year away... Only then will provision fund kick in if applicable.
@ Happy- So if you have 3 loans and they go sour expect to have £12k locked away for maybe a year maybe more....
|
|
mikeh
Member of DD Central
Posts: 499
Likes: 370
|
Post by mikeh on Sept 19, 2016 9:01:29 GMT
Is there an easy way to see your GBBA holdings or do you have to analyse the transactions?
|
|
warn
Member of DD Central
Curmudgeon
Posts: 636
Likes: 658
|
Post by warn on Sept 19, 2016 11:21:35 GMT
Is there an easy way to see your GBBA holdings or do you have to analyse the transactions? The latter, alas. Since there can be literally hundreds of transactions logged for a single buy or sell, it's an extraordinarily boring exercise. And, tbh, not really worth the trouble imho, since you can't do much about it other than not invest in the account at all.
|
|
tomtom
Member of DD Central
Posts: 262
Likes: 39
|
Post by tomtom on Sept 27, 2016 8:04:45 GMT
Me to conserned over lack of diversification, so got out of both the gbba and geia, for just that reason only. I wonder what the the spread of loan diversification will look like for individual investers in the geia after the tranch of upcomming wind turbines repay. I have appros. £375 in the GBBA account which I have beening trying to sell for over three weeks, this morning there is jist over £450,00 loans available to purchase and I am wondering why I am having problems in withdrawing my money from gdda?
|
|
adrianc
Member of DD Central
Posts: 9,945
Likes: 5,123
|
Post by adrianc on Sept 27, 2016 9:11:35 GMT
Me to conserned over lack of diversification, so got out of both the gbba and geia, for just that reason only. I wonder what the the spread of loan diversification will look like for individual investers in the geia after the tranch of upcomming wind turbines repay. I have appros. £375 in the GBBA account which I have beening trying to sell for over three weeks, this morning there is jist over £450,00 loans available to purchase and I am wondering why I am having problems in withdrawing my money from gdda? Which loans are you invested in via the GBBA? I'll bet that they're suspended.
|
|
