toms viventor, I have experienced autoinvest ignoring loans on the primary market meeting my criteria. Editing the name of my autoinvest portfolio and saving it wakes it up. Please could you reproduce this fault and let us know when it is fixed. The autoinvest had only been running two days when I noticed this failure.
gusgorilla, it is like buttchopf23 stated. Demand exceeds supply these days. After a new loan batch is added, AutoInvest for all active portfolios starts running. With the current system, it can take some time to run the full cycle (go through the whole queue). If you re-initiate your portfolio manually, it is automatically executed out of the queue. Thus, you get the impression of "AutoInvest not working".
There are two thing we are doing to improve this:
1) Since Q3 this year, Viventor system is going through a major backed change. Simply put, we are re-writing our system, and will be migrating from "proof of concept" system to a much more advanced, optimised and scalable back-end within next 1-2 months.
2) Increasing loan supply. This is a consistent activity that we have turned more attention and resources towards lately. In last 3 months, we have added 2 new lenders, started offering more attractive mortgage products, and have moved forward with more upcoming lenders, but demand is still increasing faster than the supply. As soon as there are some developments regarding the latter, you will be the first ones to know!
toms viventor, thanks for your reply. However, I don't see how this explanation fits with what I was seeing. There were qualifying loans of reasonable size showing up on the primary market. Surely this would not be the case if jobs are taken from the (circular I hope) queue until the available loans are exhausted with some jobs not being reached before this happens. Am I missing a piece of the jigsaw which would make your explanation work?
Anyway, no matter what the explanation the autoinvestor has now managed to invest my entire 2000 euros in very short term loans. I think this is very good for a new platform and look forward to seeing how things go over the next few weeks.