ding
Member of DD Central
Posts: 238
Likes: 132
|
Post by ding on Aug 18, 2018 9:57:38 GMT
I've just checked my GS account, looked at the transaction history and active loans. I haven't experienced any huge delay for reinvestment.
I have 3 loans repaid on the 14th Aug and The 3 loans went active on the 16th Aug. It seems the matching statistics are related to the new money. I really hope this matching speed will go back to normal for new money. Interesting. It appears that my recent reinvestments have also been either 1 or 2 days.
However, I was under the impression that there was only one queue, for both new money and reinvestments - is that not right?
Alternatively, are the figures given on the "matching" page unduly pessimistic?
GS has been pretty good for a number of months. I also hope it goes back to being good as I had around 50% of my loans repay on the 15th. 18th today and it's still queued, but the day is young.
|
|
|
Post by df on Aug 18, 2018 10:49:25 GMT
I've just checked my GS account, looked at the transaction history and active loans. I haven't experienced any huge delay for reinvestment.
I have 3 loans repaid on the 14th Aug and The 3 loans went active on the 16th Aug. It seems the matching statistics are related to the new money. I really hope this matching speed will go back to normal for new money. Interesting. It appears that my recent reinvestments have also been either 1 or 2 days.
However, I was under the impression that there was only one queue, for both new money and reinvestments - is that not right?
Alternatively, are the figures given on the "matching" page unduly pessimistic?
Yes, both, new money and reinvestments are in the same queue.
|
|
ding
Member of DD Central
Posts: 238
Likes: 132
|
Post by ding on Aug 20, 2018 8:20:51 GMT
GS has been pretty good for a number of months. I also hope it goes back to being good as I had around 50% of my loans repay on the 15th. 18th today and it's still queued, but the day is young.
Matched on the 20th - 5 days
|
|
|
Post by Ace on Aug 27, 2018 22:47:38 GMT
Estimated cash drag is down to 1 day now on GS. Lending queue is less than half the size it was when I last looked a few days ago. Probably due to the rise in rates over at RS.
|
|
|
Post by Ace on Aug 30, 2018 17:42:01 GMT
Deployment rate is up to 99.8% and lending queue is down to £32.5k.
|
|
loadsahope
Member of DD Central
Posts: 76
Likes: 36
|
Post by loadsahope on Aug 30, 2018 20:22:24 GMT
My repayment got reinvested the same day. Was taking 2-3 days earlier in the month.
|
|
|
Post by nesako on Aug 31, 2018 9:00:25 GMT
My repayment got reinvested the same day. Was taking 2-3 days earlier in the month. Yeah, mine matched within a day even when money was sent on Saturday last week. I also do believe it is partially related to RS 5 year rates being up. I would say this is good for everyone
|
|
number5
Member of DD Central
Posts: 449
Likes: 98
|
Post by number5 on May 15, 2019 17:18:06 GMT
I just deposited my first amount into GS.
I then placed this full balance on a new order to lend
This seems to have then been matched and is classed as "Money on loan" now.
However the full amount seems to be allocated to one loan ID. I was thinking it would be similar to AC where it gets diversified to several loans....so has this full amount gone to one borrower for one loan?
Also I thought it was similar to AC, where you can put in a withdrawal request of how much you want to withdraws in 30 days, but this seems to take the full loan amount and will 'withdraw' after 30 days. In which case I should put smaller chunks at a time
|
|
|
Post by gravitykillz on May 15, 2019 17:22:41 GMT
Diversification is irrelevant as the provision fund backs every loan regardless of size.
|
|
benaj
Member of DD Central
Posts: 4,857
Likes: 1,591
|
Post by benaj on May 15, 2019 17:29:17 GMT
Diversification is irrelevant as the provision fund backs every loan regardless of size. It might not be obvious to see benefit of manual diversification on GS. Say if you have a diversified portfolio of loans on "different repayment dates", you can make a part withdrawal early rather than wait for next repayment date on a single large loan.
|
|
number5
Member of DD Central
Posts: 449
Likes: 98
|
Post by number5 on May 15, 2019 17:33:22 GMT
Diversification is irrelevant as the provision fund backs every loan regardless of size. I understand that, but what if for whatever reason the provision fund is not sustainable to pay it out come the time.
|
|
number5
Member of DD Central
Posts: 449
Likes: 98
|
Post by number5 on May 15, 2019 17:35:52 GMT
Diversification is irrelevant as the provision fund backs every loan regardless of size. It might not be obvious to see benefit of manual diversification on GS. Say if you have a diversified portfolio of loans on "different repayment dates", you can make a part withdrawal early rather than wait for next repayment date on a single large loan. Which is exactly what I am trying to achieve...a 30 day rolling account. However I was under the impression I can request my required withdrawal amount...at least I will know for my future deposits and just put in my daily amount.
|
|
r00lish67
Member of DD Central
Posts: 2,691
Likes: 4,048
|
Post by r00lish67 on May 15, 2019 17:38:47 GMT
Diversification is irrelevant as the provision fund backs every loan regardless of size. I understand that, but what if for whatever reason the provision fund is not sustainable to pay it out come the time. Probably worth a read through the investing section on the website. In short though, they're pooled: "Resolution Event : If our Loan Loss Provision ('LLP') becomes depleted, all borrower payments will be collected by the LLP and distributed pro rata amongst investors. This will result in it taking longer than expected for investors to get their money back, but ensures the risk of borrower default is shared amongst all investors on the platform fairly. You can read more about this on our Protection page."
|
|
|
Post by nooneere on May 15, 2019 17:49:05 GMT
"Which is exactly what I am trying to achieve...a 30 day rolling account.
However I was under the impression I can request my required withdrawal amount...at least I will know for my future deposits and just put in my daily amount."
There is a tab called 'Reinvestment' on your account page - in this you should check the box 'Do not reinvest repaid money'. Then when the loan is repaid after 30 days the money will go into your Holding Account and you can use the 'Withdraw' tab for any amount of your choice. This means if you don't want to withdraw that month you have to manually 'Place a new order to lend' on your 'Summary' page to put the money back on loan. But if you are happy to do this it is effectively a (maximum) 30 day account.
|
|
number5
Member of DD Central
Posts: 449
Likes: 98
|
Post by number5 on May 15, 2019 18:40:32 GMT
"Which is exactly what I am trying to achieve...a 30 day rolling account. However I was under the impression I can request my required withdrawal amount...at least I will know for my future deposits and just put in my daily amount." There is a tab called 'Reinvestment' on your account page - in this you should check the box 'Do not reinvest repaid money'. Then when the loan is repaid after 30 days the money will go into your Holding Account and you can use the 'Withdraw' tab for any amount of your choice. This means if you don't want to withdraw that month you have to manually 'Place a new order to lend' on your 'Summary' page to put the money back on loan. But if you are happy to do this it is effectively a (maximum) 30 day account. This is what I have done...only thing is my investment today would have been split into 2 days. But will make note to put only one days allocation each loan order
|
|