happy
Member of DD Central
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Post by happy on Nov 18, 2016 10:17:11 GMT
GBBA/GEIA Diversification has been discussed on this forum on and off over the last year or so but we still have the 20% individual investment rule as the only limiting facor to control loan diversification:
Question.Would you use the GBBA/GEIA more if you could control your exposure to individual loans via a user definable maximum loan limit and/or investment percentage?
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Post by westcountryfunder on Nov 18, 2016 16:12:04 GMT
I'm happy with it just the way it is. As far as I am concerned the whole point is that you don't have to concern yourself with decisions about which loans or amounts to have. But if you don't trust the provision fund aspect of this, then simply don't use this method.
My only gripe is that I can't get more money into these accounts. The waiting seems interminable. Not that this is unique to AC - similar with Bond Mason, although it's a rather different product.
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Post by Harland Kearney on Nov 18, 2016 18:01:19 GMT
The idea of blackbox lending is that you put the money and forget it about in a sense. I think the main issue with the GBBA/Green is the time it takes to become fully invested. Recently the GBBA has gotten alot of movement on my end and I'm generally fully invested by the end of the night. However the Green is another matter, took me 4 months to get £101.74 invested...
The provision fund is discretionary, but I invest in the GBBA for the blackbox idea.
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gibmike
Member of DD Central
What is a cynic? A man who knows the price of everything and the value of nothing.
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Post by gibmike on Nov 18, 2016 20:08:46 GMT
Stuck £10k in each at the start of the week. About 5% invested across them both at present. Slow is not the word.
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Post by Ton ⓉⓞⓃ on Nov 18, 2016 20:39:07 GMT
..... The provision fund is discretionary, but I invest in the GBBA for the blackbox idea. Just on the point of the PF being discretionary, I may well being missing your point here, but I believe in essence it really has to be discretionary, if it wasn't then it would be insurance which would mean the PF would be subject to a whole set of other laws/rules etc. I see it as legalese to keep things simple.
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