11025
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Post by 11025 on Nov 26, 2015 18:06:21 GMT
I didn't even get that far , transferred some money over this morning at about 10 and still showing as "pending " , not experienced this length of delay before. There's a note on the deposit & withdrawal pages; "Please note that deposits & withdrawals will be processed less frequently on the 26th of November, due to staff training. "Thanks , didn't see that earlier ! should have said not at all today ,
cheers
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Nov 27, 2015 9:58:53 GMT
Morning Ed. I don't know whether this has been suggested already, but re the "unfairness" issue, I fully agree that rollovers should take place; but perhaps the remainder could be ring-fenced for investors who aren't already in the loan. This could be a compromise between keeping/rewarding us early birds yet allowing some opportunity for new investors. Just a thought.
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Post by MoneyThing on Nov 27, 2015 13:18:12 GMT
Morning Ed. I don't know whether this has been suggested already, but re the "unfairness" issue, I fully agree that rollovers should take place; but perhaps the remainder could be ring-fenced for investors who aren't already in the loan. This could be a compromise between keeping/rewarding us early birds yet allowing some opportunity for new investors. Just a thought. Afternoon jonno, Interesting idea - will have a think if this is workable. Kind regards, Ed
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pom
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Post by pom on Nov 27, 2015 14:03:11 GMT
I wonder if many existing investors are even trying and get more in the rollovers anyway? I have my first today and I really don't think I can be bothered. Sure I want to get (a lot) more invested in MT but I'd rather wait for bigger loans I'm not already part of.
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madpierre
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Post by madpierre on Nov 27, 2015 14:04:56 GMT
Morning Ed. I don't know whether this has been suggested already, but re the "unfairness" issue, I fully agree that rollovers should take place; but perhaps the remainder could be ring-fenced for investors who aren't already in the loan. This could be a compromise between keeping/rewarding us early birds yet allowing some opportunity for new investors. Just a thought. Afternoon jonno, Interesting idea - will have a think if this is workable. Kind regards, Ed The way it appears to work at FS is for those who have rolled over to be only permitted to add to their stake up to the maximum bid permitted in the initial loan. So if they've rolled over a full subscription they are locked out of further bids. That irks me terribly but I do nevertheless see it as fair, so would comply if it was put into practice at MT 
However Ed, just don't follow the FS example with the Secondary Market 
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ben
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Post by ben on Nov 27, 2015 16:19:44 GMT
Another one that went pretty quick ,
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oldgrumpy
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Post by oldgrumpy on Nov 27, 2015 16:48:30 GMT
Yes. I was pretty quick too. (Well, quick, anyway). I was so quick that when my £100 bid got through, there was only £6 left. So why the **** doesn't MT give me that £6?  Instead there is the stupid message that only £6 remains, and by the time I re-apply for the £6 someone else has obviously filched it. |
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duck
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Post by duck on Nov 27, 2015 16:54:59 GMT
Yes. I was pretty quick too. (Well, quick, anyway). I was so quick that when my £100 bid got through, there was only £6 left. So why the **** doesn't MT give me that £6? Instead there is the stupid message that only £6 remains, and by the time I re-apply for the £6 someone else has obviously filched it. Hey OG I got that £6 ............. or so I thought .................... nope, zilch. Extensive finger exercise needed tonight to get them speedy. I've heard unzipping bananas was good finger exercise .... obviously not good enough.
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ben
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Post by ben on Nov 27, 2015 16:58:45 GMT
Yes. I was pretty quick too. (Well, quick, anyway). I was so quick that when my £100 bid got through, there was only £6 left. So why the **** doesn't MT give me that £6? Instead there is the stupid message that only £6 remains, and by the time I re-apply for the £6 someone else has obviously filched it. I had same and the same yesterday will probably get same tomorrow
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Post by uncletone on Nov 27, 2015 18:51:09 GMT
Yes. I was pretty quick too. (Well, quick, anyway). I was so quick that when my £100 bid got through, there was only £6 left. So why the **** doesn't MT give me that £6? Instead there is the stupid message that only £6 remains, and by the time I re-apply for the £6 someone else has obviously filched it. In fairness, there are plenty of people who would not want their financial shenanigans cluttered with six quid. 36p interest over the six month duration? I'd rather save the line on the spreadsheet. 
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oldgrumpy
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Post by oldgrumpy on Nov 27, 2015 19:42:03 GMT
Quite likely, uncletone but exactly the same would have happened with £99 or a nice round £50. On other loans such as supercars the same will happen if I bid £1000, and there's only £900 remaining. I will be told about the nine hundred while my £1000 bid is ditched, and auntydoris grabs the £900. Just give me that £900 and I will be grateful for that.  |
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Post by uncletone on Nov 27, 2015 19:52:52 GMT
A fair point, young Grumps. Scale certainly makes a difference. Now how does the software decide the boundary between "I want it" and "I don't want it"? Which will, of course, vary from person to person. Frustrating, isn't it? |
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paulg
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Post by paulg on Nov 27, 2015 20:03:52 GMT
A fair point, young Grumps. Scale certainly makes a difference. Now how does the software decide the boundary between "I want it" and "I don't want it"? Which will, of course, vary from person to person. Frustrating, isn't it? Once the SM is launched (any day now?) it wouldn't be a problem for a bidder to get less than they bid for, because if they don't want the smaller amount they can just sell it.
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james
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Post by james on Nov 27, 2015 21:06:52 GMT
Once the SM is launched (any day now?) it wouldn't be a problem for a bidder to get less than they bid for, because if they don't want the smaller amount they can just sell it. I have a few thousand Pounds in a loan elsewhere that I'd like to sell at par. Would you like to buy it off me? I'm having a little trouble, you see there's someone selling at below the price I want who's taking all of the buyers and will continue to do so until they have sold all they want or I drop my price. No problem in this case for me to drop my price if I really want to sell but I prefer par so I get to wait. So will someone trying to sell in a par-only market who offers after a big seller, unless the market does something to spread the buyers around. There is no guarantee at all that there will be a buyer when someone wants to sell. Not even with a working secondary market. Whether that is at a platform-forced loss, par or seller's choice of price. Anyone who buys more than they want is taking a risk of being forced to hold it longer than they want.
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