bb74
Posts: 7 
Likes: 2
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GBBA
Jan 25, 2017 23:17:57 GMT
Post by bb74 on Jan 25, 2017 23:17:57 GMT
If I have duplicated this question please feel free to point me in the right direction!
I automatically invest in the GBB account because I don't have the time or experience (yet) of fishing out the better loans (tips are welcome!).
I'm assuming because this is automated that is why my loan book is empty? Everything appears on the statement only.
Also, does the account ever buy new loan parts? I keep seem to investing in the same three firms time and time again so I'm assuming (again) that my automatic account only purchases secondaries?
I've not got a problem with it but I'm just wondering!
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Post by delboy711 on Jan 27, 2017 11:12:35 GMT
The GBBA is a 'black box' account. You do not see a breakdown of exactly which loan parts you own other than reading the transaction log.
The GBBA does invest in new loans as well as picking up secondary sales. It competes for new loans along with manual investors. If you are not seeing any transactions in new loans it is because there have not been many GBBA eligible loans since you started your account.
Not all loans meet the criteria of the GBBA in terms of interest rate, LTV, market sector etc. At the moment with falling interest rates quite a few of the new loans do not meet the GBBA criteria.
To avoid investors becoming overweight in any specific loan the GBBA will limit your exposure to 20% of your funds so you may find there is unused cash in your account even though there are loan units from eligible loans on the market.
You will become fully invested in the GBBA eventually, but it can take some time. In the meantime if you set your unused funds to be swept in the QAA you will at least get 3.75% on it.
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teddy
Posts: 214
Likes: 90
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GBBA
Jan 28, 2017 0:01:14 GMT
Post by teddy on Jan 28, 2017 0:01:14 GMT
Although I got lucky with £500 invested in the green business account the other week, getting anything invested in the GBBA is proving impossible. Nearly everyday I get emails from AF telling me of a new loan, yet none of my queuing money gets taken.
3.75% interest is skant reward for having your money sitting there doing nowt for weeks on end. I could at least be getting 4.25% in the 30 day.
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oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
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GBBA
Jan 29, 2017 11:53:48 GMT
Post by oldgrumpy on Jan 29, 2017 11:53:48 GMT
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treeman
Member of DD Central
Posts: 1,026
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GBBA
Jan 29, 2017 15:22:29 GMT
Post by treeman on Jan 29, 2017 15:22:29 GMT
I wonder whether anyone has an answer to this question from last June on another thread. (I have never subscribed to GBBA or GEIA) p2pindependentforum.com/post/164826/thread"The interest achievable in GBIA and GEIA is quoted as providing a "target rate" of 7%.
Can anyone give us some idea of the actual returns that have been achieved, bearing in mind some (all?) people over the months since launch have reported less than 100% investment?"
Is it 6.5%?  6%?  5%? 
I've had a £3K platform diversity / toe-dip spread across GBBA/GEIA for a shade over 12 months ........... Current XIRR is 6.19%. Totally hands-off and effort free, so I'm ok with it.
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amphoria
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Posts: 156
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GBBA
Jan 29, 2017 16:23:49 GMT
Post by amphoria on Jan 29, 2017 16:23:49 GMT
I wonder whether anyone has an answer to this question from last June on another thread. (I have never subscribed to GBBA or GEIA) p2pindependentforum.com/post/164826/thread"The interest achievable in GBIA and GEIA is quoted as providing a "target rate" of 7%.
Can anyone give us some idea of the actual returns that have been achieved, bearing in mind some (all?) people over the months since launch have reported less than 100% investment?"
Is it 6.5%? 6%? 5%?
I was achieving an XIRR of 6.15% on the GBBA, but I see that #174 is finally repaying, probably on Monday. Adding the estimated interest due to my current balance gives me an XIRR of 6.79%, which is equivalent to 7.0% on an annualised basis. However, I have been pretty lucky with not having significant amounts of money waiting to be re-invested and this may be about to change with #174 repaying.
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oldgrumpy
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GBBA
Jan 29, 2017 16:31:43 GMT
Post by oldgrumpy on Jan 29, 2017 16:31:43 GMT
Mmm! I suppose any real result clearly in excess of 6% will avoid too much investor grumbling.  |
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duck
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GBBA
Jan 29, 2017 16:41:29 GMT
Post by duck on Jan 29, 2017 16:41:29 GMT
6.47% for me (well the wife's account actually) over 19 months. 3.3% of total amount invested in 'distressed' loans last time I checked. This is only a small account, sub £10K.
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jonah
Member of DD Central
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GBBA
Feb 2, 2017 21:31:27 GMT
Post by jonah on Feb 2, 2017 21:31:27 GMT
Although I got lucky with £500 invested in the green business account the other week, getting anything invested in the GBBA is proving impossible. Nearly everyday I get emails from AF telling me of a new loan, yet none of my queuing money gets taken. 3.75% interest is skant reward for having your money sitting there doing nowt for weeks on end. I could at least be getting 4.25% in the 30 day. A LOT of GBBA buying for me today. Busiest day ever I think. It could be due to a drop in the QAA resulting in it releasing loans, or a release of loan parts which were bought by QAA swept funds hence the drop. AC definitely has nuances. Anyway, my average interest rate across AC is over a percentage point up from QAA cash getting invested in GBBA. did you have a similar day?
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GBBA
Feb 3, 2017 8:14:19 GMT
Post by bobthebuilder on Feb 3, 2017 8:14:19 GMT
Yep. Huge amounts invested both on Wednesday and yesterday. My invested sum now is 168% higher than it was at close of business on 31/1. Bit concerned at the lack of diversification shown by some investments though.
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kaya
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GBBA
Feb 3, 2017 12:44:15 GMT
Post by kaya on Feb 3, 2017 12:44:15 GMT
Are withdrawls from this account pretty much immediate then, given the queues to get in?
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jonah
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GBBA
Feb 3, 2017 20:24:05 GMT
Post by jonah on Feb 3, 2017 20:24:05 GMT
Are withdrawls from this account pretty much immediate then, given the queues to get in? It's been a while since I took any cash out, but historically fast. Obviously any investment into loan which are frozen on the sm won't be sold though.
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jonah
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GBBA
Feb 4, 2017 14:51:12 GMT
Post by jonah on Feb 4, 2017 14:51:12 GMT
Bit concerned at the lack of diversification shown by some investments though. As I haven't checked it for a while and as my GBBA is 100% invested for the first time in quite some time (my GEIA is also 100% invested as well!) I thought I would have a look... My top 5 holdings: 413 - 20% 327 - 10.78% 336 - 8.66% 295 - 6.18% 388 - 5.98% Everything else is 5% or less. In total, the top 10 holdings has 72% of my account, but I do have 75 different loans with 0.01% or more of my cash. Therefore the GBBA is quite unbalanced, but it is within the stated 20% max in one loan. As loan 413 is interest only until a full capital repayment in 18 months time, at least I will* keep the level of investment high but also likely the high percentage holding. *assuming that this loan runs smoothly of course.
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duck
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GBBA
Feb 5, 2017 6:22:19 GMT
Post by duck on Feb 5, 2017 6:22:19 GMT
As a comparison to jonah here are the figures from my wife's GBBA All holdings above 5% of total invested 168 19.632% 413 9.049% 186 6.727% 304 6.159% 327 5.076% 295 5.028% The remaining 81 loans contain anything from 3% to shrapnel down at the 26th decimal place level. |
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elliotn
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GBBA
Feb 5, 2017 8:45:34 GMT
Post by elliotn on Feb 5, 2017 8:45:34 GMT
Bit concerned at the lack of diversification shown by some investments though. As I haven't checked it for a while and as my GBBA is 100% invested for the first time in quite some time (my GEIA is also 100% invested as well!) I thought I would have a look... My top 5 holdings: 413 - 20% 327 - 10.78% 336 - 8.66% 295 - 6.18% 388 - 5.98% Everything else is 5% or less. In total, the top 10 holdings has 72% of my account, but I do have 75 different loans with 0.01% or more of my cash. Therefore the GBBA is quite unbalanced, but it is within the stated 20% max in one loan. As loan 413 is interest only until a full capital repayment in 18 months time, at least I will* keep the level of investment high but also likely the high percentage holding. *assuming that this loan runs smoothly of course. Hi Jonah, as this fund comes with a PF, does that only kick in if a loan defaults? So in the meantime GBBA investors also participate in late payments/monitoring events etc to the extent of their loan holdings as MLIA investor but without the flexibility of exiting individual loans and could not withdraw funds attached to loans that were paused on MLIA? Thks.
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6%? 
5%? 
