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Post by max47 on Nov 17, 2014 15:05:46 GMT
A question for Andrew / Chris/ anyone. If I click on "reinvest repayments" how do they get reinvested? do they buy more units for the same loans that I already hold? How is the choice made?
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niceguy37
Member of DD Central
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Post by niceguy37 on Nov 17, 2014 15:13:51 GMT
A question for Andrew / Chris/ anyone. If I click on "reinvest repayments" how do they get reinvested? do they buy more units for the same loans that I already hold? How is the choice made? You use the Reinvest Repayments option to specify what happens to interest and capital repayments that come in. If you select Reinvest then the money goes to your Manual Loan Investment Account, and is used to buy loans that are under-target.
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Post by chris on Nov 17, 2014 15:14:47 GMT
A question for Andrew / Chris/ anyone. If I click on "reinvest repayments" how do they get reinvested? do they buy more units for the same loans that I already hold? How is the choice made? It follows your targets and what is currently available. The order in which it checks individual loans is semi-random as it is a process that can be triggered by other lenders and their investments, but it is skewed towards chasing the highest rate first.
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