am
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Post by am on Aug 8, 2017 12:57:22 GMT
I thought I'd read that the website had been changed to show you holdings in the GBBA/GLIA/etc., so that you don't have to download and manipulated a large CSV file to work them out, but I'm failing to find a means of accessing this on the web site. Am I missing something?
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Aug 8, 2017 13:03:03 GMT
I thought I'd read that the website had been changed to show you holdings in the GBBA/GLIA/etc., so that you don't have to download and manipulated a large CSV file to work them out, but I'm failing to find a means of accessing this on the web site. Am I missing something? Click on the menu button for that account (three lines) and there should be an option to view your holdings
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am
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Post by am on Aug 8, 2017 13:10:04 GMT
I thought I'd read that the website had been changed to show you holdings in the GBBA/GLIA/etc., so that you don't have to download and manipulated a large CSV file to work them out, but I'm failing to find a means of accessing this on the web site. Am I missing something? Click on the menu button for that account (three lines) and there should be an option to view your holdings Thanks. I'd missed the buttons.
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jonah
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Post by jonah on Sept 13, 2017 19:57:03 GMT
On this, I see each loan page now has a breakdown per account, e.g £x in mlia and £y in GBBA. Nicely done chris and team.  |
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
Likes: 11,549
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Post by ilmoro on Sept 13, 2017 20:15:57 GMT
On this, I see each loan page now has a breakdown per account, e.g £x in mlia and £y in GBBA. Nicely done chris and team. Yes, I noticed that the other day and went to post but then wasnt sure if it had already been noted elsewhere and didnt have time to search. I do seem to have to significant sums in some loans on the QAA/30DAA ... seems much more obvious/scary when you have the actual loan details in front of you.
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rick24
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Post by rick24 on Sept 14, 2017 10:31:48 GMT
On this, I see each loan page now has a breakdown per account, e.g £x in mlia and £y in GBBA. Nicely done chris and team. Yes, I noticed that the other day and went to post but then wasnt sure if it had already been noted elsewhere and didnt have time to search. I do seem to have to significant sums in some loans on the QAA/30DAA ... seems much more obvious/scary when you have the actual loan details in front of you. Excellent feature. Really helps with SM investment decisions in the MLIA if you know what you have already got in other accounts.
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IFISAcava
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Post by IFISAcava on Sept 14, 2017 12:44:56 GMT
Yes, I noticed that the other day and went to post but then wasnt sure if it had already been noted elsewhere and didnt have time to search. I do seem to have to significant sums in some loans on the QAA/30DAA ... seems much more obvious/scary when you have the actual loan details in front of you. Excellent feature. Really helps with SM investment decisions in the MLIA if you know what you have already got in other accounts. Agreed - v useful
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Post by captainconfident on Sept 15, 2017 14:07:13 GMT
Whoa! I find I have £9k in a loan which I would not have gone near in the world of choice. That's 17.5% of my GBBA holdings.
There are currently no units in this loan available for investment. I wonder how much would go away if I sold off say 20% of my GBBA holding?
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Post by bracknellboy on Sept 15, 2017 14:39:28 GMT
whoah. I have 17.94% in one loan and very close to 20% in another. Yet I have 70 loan holdins. Those two big holdings are not even particularly recent loans, so the thought that perhaps the GBBA 'underwriting' new loans was the reason is not correct.
I don't like that. I really don't like that. I know the rules say 20% but I really would have thought that over time there would have been a much better balancing and well well below that level.
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dave2
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Post by dave2 on Sept 15, 2017 16:14:51 GMT
Whoa! I find I have £9k in a loan which I would not have gone near in the world of choice. That's 17.5% of my GBBA holdings. There are currently no units in this loan available for investment. I wonder how much would go away if I sold off say 20% of my GBBA holding? An e-mail arrived from Assets Capital this afternoon entitled " How automatic diversification can help investors to avoid "concentration risk"". It stated that for automatically diversified accounts "You can still manually opt out of individual loans". I cannot see how that can be done, perhaps a new feature, but if true it might help to resolve your problem Captain.  ![]()
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agent69
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Post by agent69 on Sept 15, 2017 16:47:07 GMT
Really is taking the p*ss to trumpet the benefits of diversification when I have 40% of my GBBA in just 2 loans. But I thought the best bit was the statement that 'At Assetz Capital our goal is to push peer-to-peer lending into the mainstream by ........'
Answers on a postcard please, but for what it's worth I was thinking of 'matching the interest rates offered by high street lenders'
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ashtondav
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Post by ashtondav on Sept 15, 2017 16:47:58 GMT
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Post by captainconfident on Sept 15, 2017 16:51:07 GMT
whoah. I have 17.94% in one loan and very close to 20% in another. Yet I have 70 loan holdins. Those two big holdings are not even particularly recent loans, so the thought that perhaps the GBBA 'underwriting' new loans was the reason is not correct. I don't like that. I really don't like that. I know the rules say 20% but I really would have thought that over time there would have been a much better balancing and well well below that level. I suspect we're all in the £5 million loan and I suspect that the the GBBA has been squirrelling that one into all accounts since its inception. I never liked that loan because it carried a high rate suggesting added risk, and it has a platform threatening size. I am mightily dischuffed to find I have such a stake in the repayment of this loan, which is past due and into added time.
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Post by stuartassetzcapital on Sept 15, 2017 16:51:14 GMT
The algorithm for BGGA/GEIA/PSIA is up for a rewrite imminently with the intention of significantly improving this and related matters on these popular accounts.
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Post by bracknellboy on Sept 15, 2017 17:10:02 GMT
I actually find this quite disturbing. I've done some very rudimentary analysis of thse 2 by looking at transaction history over the last 6 months. The loan that is 17.x % of my GBBA does not have any recent purchase transaction, but does have some capital repayment. There is close to zero of this loan currently available. I can't help but come to the conclusion that likely at some point I held closer to the 20%, and the needle just got 'stuck'.
The other one which is only a shade under 20% does have recent purchase transactions, including today (bless it). There is <0.01 pence available on the market, presumably because my account keeps mopping it up ! To be fair this is a large loan, but nonetheless something seems horribly wrong if after a lengthy period close to 40% of my account is in two flaming loans.
If I'd been holding substantially more in this account I would be horrified. Even as it is, I'm unchuffed. In excess of 50% of my GBBA is in just 4 loans. Diversifcation across 70 loans is pretty meaningless in this context. It would be better to think of this in terms of 50% of the value of my GBBA has no meaningful diversification, and 50% is diversified. (well that is how my mind works).
I don't recall making a major deposit to the GBBA in recent times.
EDIT: t/his post had a long gestation period, and therefore was not intended as reply to either the Capt.s or the other Capts posts
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