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Post by crabbyoldgit on Oct 15, 2015 13:39:42 GMT
Sorry about typeing miserable old crab forced hand into hydraulic lobster pot winch 2 days ago, may rename self to 9 finger jack.anyway geia /gbba does not still redistribate holdings between members as much promised new program still not implemented.cris said in previous post 20 percent rule disabled during sales which in my case means as when i have sold holdings those selected were in wt in which i was light in .means now i think 90 percent of the fund is in 4 sites.this is totally not what the proposition statement says the program will achieve if something goes wrong and a complaint was made to the regulator i wonder.ah we ll bugger beeinr off for more of the real stuff, morphine
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Post by crabbyoldgit on Oct 15, 2015 13:16:00 GMT
Yes i started with all my investment in the green fund ,as a bit risk adverse and a total newbe to peer to peer and any independant investment choises outside the traditional high street.now got about 70 percent in it and dripping money across to to mila learning as i go.now it acts as my instant access account withdraw times are to all practical effects the same as the new fund ,but 7 percent and probably faster to get new funds in!!! Target at present is to have about 60 percent in the geia/gbba with an average return across the whole site including mlia of 9 percent probably nor achievable but we will see
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Post by crabbyoldgit on Oct 4, 2015 11:52:48 GMT
Daughter went to pub with boyfreind and loads of all men mates ,came home after match ,boyfreind came home 0430 with a present for her a traffic cone .well now i know what to buy him for xmas
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Post by crabbyoldgit on Sept 24, 2015 8:58:20 GMT
hi ac i think its time for a few words about whats going on , is all the loan parts sold or is there a problem , no great depth , your prob very busy if there is trouble.We i think would like an idea of where we are vis this loan
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Post by crabbyoldgit on Sept 23, 2015 17:59:06 GMT
nothing happening for me feels like christmas and santa got stuck in the bloody chimney, no presents this year
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Post by crabbyoldgit on Sept 21, 2015 20:36:20 GMT
Am thinking about putting some money on 201 the welsh hotel but its had a previous attempt at a loan , there is probably a story here .Can anybody inform, have just applied to go pink maybe there is more info there which is not proper to this forum. Got a bit of time or a lot of time! until drawdown so can wait until access granted if required . thanks
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Post by crabbyoldgit on Sept 17, 2015 9:04:21 GMT
As i have posted previously the program operating the geia and ggba does not manage the accounts in the manner stated in the proposal document in that no trading between members takes place to even the risk spread as evenly as possible across all the loans on the platforms.It in effect only operates a max 20% limit on any one loan.Program changes have been promised to resolve this issue but still have not been implimented or if they have believe me they do not work.I as a result have 80% ish of my loans in 4 wt one of which is 112
So now the 112 loan is untradeable and i need to sell about £1200 of my geia holdings over the next 2 weeks to fund investment in the new loans ,but i cant without 112 becoming a much higher portion than 20%, does this mean 112 has in effect frozen my entire holdings in the geia because ac has not got around to resolving the issue in the time scales announced by cris on this platform.
What is ac going to do to resolve my problem and i suspect many others who just have not seen this problem yet.
1 Allow the sell of loan parts but what will the program do when then trys to sell 112 to get down to 20% but can not because trading is shut in it 2 Allow trading in 112 3 Rush out the new program but difficult to impliment when a loan is suspended
We need the progam released at a time when liquidity is high just before the next wt to give a pot of units for the program to dip in and out of to rebalance the accounts, but with the new instant account having a high weighted advantage will units just go there when sold and leave previously fully invested accounts under invested. Interesting times ahead
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Assetz Capital (AC)
112 vote
Sept 16, 2015 17:45:29 GMT
Post by crabbyoldgit on Sept 16, 2015 17:45:29 GMT
Not impressed, missed investing in part in todays draw down because only the swept up part of my instant account was used and did not use any of the directly invested portion so i withdrew most of that to put into the available wt to find out later at that time there was a monitoring issue but trading had not been suspended . My first loan to go a very little pear shaped .So lost out on investment, lost 3.75 interest , to invest in troubled loan and lost perfect investment history, a quadruple whammy.Getting a little worried here,Cris is on holiday having to work to keep the ship on an even keel, this fundimentily an IT based company and it starts to feel a one man band in this area .That is not good if he leaves god help us all.
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Post by crabbyoldgit on Sept 16, 2015 15:29:37 GMT
just in time i was getting right crabby
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Post by crabbyoldgit on Sept 15, 2015 16:11:44 GMT
Err its hands up for me no funny loans at all, but only being doing this for about 10 months and though i would like to fool myself its my skill i know its been pure luck. Had bids in one but no actual investment when it went very funny indeed and another that well i withdrew from just in time.Use the reading the tea leaves system it seems to work for me.
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Assetz Capital (AC)
Thank You
Aug 28, 2015 16:32:19 GMT
Post by crabbyoldgit on Aug 28, 2015 16:32:19 GMT
I totally agree , thank you all at ac. Started with four peer to peer companies now reducing slowly to three all released monies going to ac , why because of the way you all respond to this forum. It must sometimes feel a thankless task but it shows to me commitment and passion by senior figures in the company to it long term future which makes me feel safer.Even like it when things said i do not like or want to hear,better the facts than some wishy washy statement to try and please all by making a meaningless non comment.
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Assetz Capital (AC)
GBBA
Aug 25, 2015 10:18:35 GMT
Post by crabbyoldgit on Aug 25, 2015 10:18:35 GMT
This seems to me to be another reason why members of the geia and gbba should have a regular view of their holdings in the funds, my vote around what to do in the case of a loan in trouble would probably be very different based on the amount of holdings i had at risk and i am not sure letting somebody else make those votes for me when its my money at risk is a good idea for me or the provision fund, exposing them to considerable anger if thing go wrong and they had in effect ended up with the casting votes.
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Post by crabbyoldgit on Aug 13, 2015 9:55:51 GMT
Cris when the new program for the geia and gbba is due to be launched would it be possible to give a couple of days notice on this and other communication sites,as this is planned to properly enable balancing of diverification by selling and buying of units between different investers i suspect that a sudden and lot of unussual activity will occur until the site resettles and may save you answering questions for startled users
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Post by crabbyoldgit on Aug 11, 2015 20:12:32 GMT
i agree with the need for some form of visibility of the loan spread in both the gbba and the geia, i do not care if its real time or a midnight snap shot daily or even weekly. the reason i see, is that this this is not a bank and we as investors need to manage are own due diligence and the most important of these in my opinion is diversification of risk. now, at present the program is not producing the kind of management of diversification promised in the proposition document, but i have faith that the forthcoming new software changes will improve matters.But after many years of working with artificial intelligence programs i do not expect it to be perfect and lack of availability of loan parts in some loans will restrict the ability to create an ideal risk profile.But if something goes very wrong in either fund with a couple of loans defaulting in a short period of time which the provision fund cannot handle then investors may with some justification feel upset if the information to enable them to understand the spread and level of risk to which they have been exposed to by the program has not been available in a simple and acessable form,its in AC own interest to make this available.
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Post by crabbyoldgit on Jul 30, 2015 14:49:31 GMT
ah no automatic trading between different account holders to aid diversification at present, that explains all for me, look forward to this working in new program as i have 80% of my holding in 4 wind farms at present and it is making me a little worried.Also a thank you for the discussion around long term returns and the need for spreading risk on another thread, this made me take stock and start reducing my risk,as a real beginner in this investment thing a little warning of the economic cycle is most instructive,i am learning a lot forum this forum thank you all.
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