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Post by andrewholgate on Nov 20, 2013 15:28:37 GMT
As I say, it is under review in the light of the last few loans filling very quickly.
Andrew
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Post by jevans4949 on Nov 20, 2013 17:50:49 GMT
Andrew: thanks for the explanation. Might I suggest that - The existence of the Gold Club is made prominent on the web site
- For loans under £100k, pre-bids are limited to 1% of the loan per subscriber.
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Post by westcountryfunder on Nov 20, 2013 19:11:20 GMT
Andrew: thanks for the explanation. Might I suggest that - The existence of the Gold Club is made prominent on the web site
- For loans under £100k, pre-bids are limited to 1% of the loan per subscriber.
That's a good suggestion which has a lot of merit. But I still don't see why Gold Club members should have any priority in bidding.
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Post by mead187 on Nov 20, 2013 19:18:21 GMT
That's a good suggestion which has a lot of merit. But I still don't see why Gold Club members should have any priority in bidding. I think it was introduced when the platform was (and still is) in its infancy. The logic being it gives HNWI's the ability to invest in loans early and get them off to a good start, normal users have confidence to invest because they know the loan will fill up before drawdown. Assetz had problems with loans taking a while to fill up and this feature served its purpose, as the platform grows it might need tweaking. Looks like theyve had a good week or two with all the loans filling up, managed to get a chunk in this loan today and im happy with the small rise in %. Felt a tad jealous when I saw one person invested nearly half a mill, theyll be earning more from interest than I do from my salary! 
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mark
Posts: 163 
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Post by mark on Nov 21, 2013 9:55:38 GMT
As I say, it is under review in the light of the last few loans filling very quickly. Andrew In regard to reviewing the Gold Club facility. My view is if it isn't broken don't try to fix it. I believe it is working well in attracting high net worth investors to the platform which in turn assists in filling loans in a short time span and attracts new borrowers and loans opportunities for all lenders. A short while back lenders were complaining on forums about how long loans were taking to fill and how long their funds were being tied up in un-filled loans. I am a Gold Club member and did invest in Slo**h Commercial but I did so when this was open to all members. The issue with this loan was more to do with the small loan required of only £77000. Without any pre registered bids from Gold Club members, I believe , looking at the rate of bidding when fully available to all lenders, this loan would have still probably filled in a few hours and lenders would have still missed out as I have in previous small size loans. There will be many more opportunities for all lenders to invest our funds in with AC, in my experience, sometimes better than the loan you felt you lost out on. I do agree that the Gold Club membership facility could be more well advertised on the AC website.
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Post by bracknellboy on Nov 21, 2013 10:00:07 GMT
What I would like to see is that as a lender/registered account that I at least recieve notification of new loan listings. Thin Cats do this and it works very well for me. Where there is a large t/o of loans like FC then of course it is not required or helpful. But for the likes of Assetz and TC it seems a sensible thing to be doing.
Am I missing an account setting, or is it only Gold Card that pro-active prompts ref. new loans are sent to ?
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Post by chris on Nov 21, 2013 12:45:39 GMT
What I would like to see is that as a lender/registered account that I at least recieve notification of new loan listings. Thin Cats do this and it works very well for me. Where there is a large t/o of loans like FC then of course it is not required or helpful. But for the likes of Assetz and TC it seems a sensible thing to be doing. Am I missing an account setting, or is it only Gold Card that pro-active prompts ref. new loans are sent to ? A new notification system is in the works and planned for introduction in the next week or two depending on a couple of other priorities. I'll make sure that notification of auctions starting is included within that work.
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Post by westcountryfunder on Nov 21, 2013 15:29:43 GMT
As I say, it is under review in the light of the last few loans filling very quickly. Andrew In regard to reviewing the Gold Club facility. My view is if it isn't broken don't try to fix it. I believe it is working well in attracting high net worth investors to the platform which in turn assists in filling loans in a short time span and attracts new borrowers and loans opportunities for all lenders. A short while back lenders were complaining on forums about how long loans were taking to fill and how long their funds were being tied up in un-filled loans. I am a Gold Club member and did invest in Slo**h Commercial but I did so when this was open to all members. The issue with this loan was more to do with the small loan required of only £77000. Without any pre registered bids from Gold Club members, I believe , looking at the rate of bidding when fully available to all lenders, this loan would have still probably filled in a few hours and lenders would have still missed out as I have in previous small size loans. There will be many more opportunities for all lenders to invest our funds in with AC, in my experience, sometimes better than the loan you felt you lost out on. I do agree that the Gold Club membership facility could be more well advertised on the AC website. Well of course it works for you, Mark. The point is that it doesn't work for probably most of us. I see no reason for smaller lenders to be discriminated against. I would like to see equal treatment for all lenders - no more, no less. In that respect the suggestion of lender 'jevans4949' has considerable merit, and I hope it receives serious consideration.
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