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Post by Ton ⓉⓞⓃ on Sept 10, 2015 13:03:39 GMT
Still unable to change my Idle Invest setting from "None" on the QAA. Is this not affecting anyone else? At noon I transfer money from my bank direct to the QAA, and I've also sweep all loose change+ into the a/c. Seems to be working. Can you give a little more detail? Edit. QAA now at £932,488 2.05pm
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Post by Ton ⓉⓞⓃ on Sept 10, 2015 12:58:41 GMT
Well, it’s sort of back up and running but it’s as slow as FC on a good day. And the aftermarket still is either suspended or horribly constipated -- there are over 40 loans with parts available and investors willing to buy but no transactions. On page 19 of p2pindependentforum.com/post/61271/thread Chris says this Buying seems to be stuck again. I've got six loans with buy orders and units available but not trading. I did have a couple of trades overnight so it seems hit and miss, but more miss currently. Looking into it this morning as and when I can between important points in the board meeting. There's one lender account that's throwing an error when trying to invest, so any loans that user is trying to invest in aren't being processed at the moment. Other loans are working fine.
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Post by Ton ⓉⓞⓃ on Sept 8, 2015 16:24:02 GMT
Ah ok. I was trying to predict the allocation percentage based on history and set my Pre-funding level accordingly but I see it's not so simple. Thanks for the replies. I might be wrong, I'm not yet investing with SS, but there's a very similar discussion Here called Pipeline Loans
(This thread may get locked so as to try to keep the discussion all in one place)
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Post by Ton ⓉⓞⓃ on Sept 8, 2015 16:17:45 GMT
A million pounds is in the account. There will be inflow and outflow to and from it constantly. How will my funds waiting to get in it be allowed; some automatic queueing system, or manual, pot luck? AIUI it will be easier for QAA interest to be re-invested, so that must be high in the queue.
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Post by Ton ⓉⓞⓃ on Sept 8, 2015 13:07:26 GMT
This was a loan on the old site, where underwriters merely provided an underwriting function, because retail users could also bid on the original loan (I did, for example). As I recall, the requirement to sell 50% was introduced only for loans on the new website, where retail users cannot bid on the loans before drawdown - it's not so much that the 50% sale wasn't enforced; as far as I know the requirement did not exist at that time. Nor did it need to at that time, because any user could have bid on the original auction, and didn't need to rely on the aftermarket. I think it was just the one u/wer poor guy/girl
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Post by Ton ⓉⓞⓃ on Sept 8, 2015 9:38:51 GMT
In AC modelling of the QAA how often are you expecting that we go out side of "normal market conditions"? Once a month, once every ten years...
No hurry for an answer.
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Post by Ton ⓉⓞⓃ on Sept 7, 2015 21:57:20 GMT
My understanding, which could be wrong, was simply that the u/w liked it so much he was prepared to take it all, this was amongst the last loans where retail lenders could help fill up the loan before drawdown i.e. be in the primary market (We had the Horseshoe graph where you could see the split between u/w's & Lenders). On the whole lenders didn't bother bidding as everyone thought with such a large loan (£3.4m) that the Aftermarket would be flooded for months afterwards. But the u/w as happy holding the loan and didn't want to sell or didn't sell much. I think less than £100k was taken by retail Lenders, I'm guessing this <£100k is the source of most units on the Market.
The loan page says it drewdown 5th Nov '14
'happy' was the word used at the time...
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Assetz Capital (AC)
GBBA
Sept 6, 2015 15:10:46 GMT
Post by Ton ⓉⓞⓃ on Sept 6, 2015 15:10:46 GMT
That sort of high freq trading should be improved on by the account updates which are due this week as I understand it. Perhaps this has already been said, but presumably it might get 'worse' next week at least for awhile when the system starts to trade amongst GBBA holders to give more balanced holdings, that should allow for more of the "Awaiting Investment" monies to be used up which in itself will create another bout of buy/sell. After that, hopefully, all the churning will be finally over, famous last words?
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Post by Ton ⓉⓞⓃ on Aug 25, 2015 12:52:20 GMT
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Post by Ton ⓉⓞⓃ on Aug 20, 2015 20:50:08 GMT
The only advantage I can think of is to simply bet the market will become even more lucrative the longer it takes to finish the work (i.e. the rents that can asked for will be more than now), besides the possibility return of illness.
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Post by Ton ⓉⓞⓃ on Aug 19, 2015 14:10:49 GMT
I've just moved this into the correct board.
Please discuss according to the rules of the forum.
I thinking of such points as "being polite & constructive"
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Assetz Capital (AC)
Referrals?
Aug 18, 2015 15:31:06 GMT
Post by Ton ⓉⓞⓃ on Aug 18, 2015 15:31:06 GMT
Does AC have referrals scheme? Cant see any mention on site (not for me so dont everyone PM at once ) There was this awhile back.
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Post by Ton ⓉⓞⓃ on Aug 17, 2015 12:58:12 GMT
The participated button is great It would be greater if it also appeared at the bottom of the page My way of working being to trawl through all threads in which I am participating, so I go through the first one, find myself at the bottom of the page obviously and then want to go to the next thread, so I have to go all the way back to the top of the page to find the participated button. This is of course a major hardship and I'm not sure if I can stomach staying on the forum unless you fix this glaring error, what were you thinking?! I feel your pain in this My way round this nightmare is that I've put a button (shortcut) to it on my Toolbar on the browser, next to my other p2p shortcuts. I can left & right click it for different effects (I use FF), such as a new page or it directs the current page to show all thread that I've participated in. I think this has come up before and I think I'm correct in remembering that it's down to the design of the forum by Proboards. I believe we can suggest this change to them, but they probably want us to look at the ad which is also at the top of the page (I know there's one at the bottom too). So that might be why it's there.
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Post by Ton ⓉⓞⓃ on Aug 15, 2015 8:27:13 GMT
AIUI when a new loan draws down half of Underwriters holdings are sold there and then automatically, after that they can then control how much is sold and when (if any).
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Post by Ton ⓉⓞⓃ on Aug 7, 2015 20:09:22 GMT
This same answer could be given for why the question isn't answered when a Lender gives an opinion in the Q&A. Any answer might be taken as advice/persuasion to buy a loan IMO.
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