SteveT
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Post by SteveT on Oct 3, 2017 20:59:10 GMT
Why can I not see this 9% 12 month loan available to invest in? #544. You'd need to set a buying target and wait for more units to be released by the QAA
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number5
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Post by number5 on Oct 3, 2017 21:09:53 GMT
Why can I not see this 9% 12 month loan available to invest in? #544. You'd need to set a buying target and wait for more units to be released by the QAA What does a buying target mean? Sorry, not invested in AC as yet. But there seems to be a lot more loans avaialble on AC than FS, so will probs diversify
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SteveT
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Post by SteveT on Oct 3, 2017 21:14:56 GMT
#544. You'd need to set a buying target and wait for more units to be released by the QAA What does a buying target mean? Sorry, not invested in AC as yet. But there seems to be a lot more loans avaialble on AC than FS, so will probs diversify The better AC loans almost never have units just hanging around "available" for sale. MLIA lenders set manual buying orders for them and, provided they have available cash in their account, will be allocated their fair share of units by AC's "Shrapnelator" whenever some next become available. As #544 loan has only recently drawn down, and is a biggie, I suspect some sizeable chunks will be released by the QAA over the coming weeks (AC use the QAA as their defacto underwriter for new loans)
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number5
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Post by number5 on Oct 3, 2017 21:17:43 GMT
So is that like an autobid function? It will allocate your funds to certain loans automatically?
Or you can also log on and individually pick your loans and how much to invest in each as well?
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amphoria
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Post by amphoria on Oct 3, 2017 21:23:59 GMT
So is that like an autobid function? It will allocate your funds to certain loans automatically? Or you can also log on and individually pick your loans and how much to invest in each as well? You can set the maximum to invest by loan. Select Browse Loans from the Loan Book menu. Browse to the loan you are interested in and click on it. Click on the Invest button and you can enter the maximum amount to invest.
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number5
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Post by number5 on Oct 3, 2017 21:28:03 GMT
Oh that is pretty cool, so you don't have to hang around pressing refresh to snap ome up when a part becomes avaialble?
How does the system decide who purchases the laon parts, if there are more than one person wanting parts from that loan?
Also selling...is there premiums/discounts?
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SteveT
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Post by SteveT on Oct 3, 2017 21:41:35 GMT
Oh that is pretty cool, so you don't have to hang around pressing refresh to snap ome up when a part becomes avaialble? How does the system decide who purchases the laon parts, if there are more than one person wanting parts from that loan? Also selling...is there premiums/discounts? Everyone gets their fair share, even if it's 0.0000000000000000000000013 of a unit (you think I'm kidding!). That's why it's known as the Shrapnelator. No premiums on AC, but you can offer to sell at a discount if you need. It's very rarely necessary, but occasionally a BH jumps a big queue to sell at par by offering parts at 1% discount. Only very occasionally do you see discounts greater than 1%.
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number5
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Post by number5 on Oct 3, 2017 21:44:44 GMT
So if everyone is selling their loan parts at par...how does the system work whose loan part is sold first?
Is there a visible list to see your order in a que of some sort?
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SteveT
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Post by SteveT on Oct 3, 2017 21:51:06 GMT
So if everyone is selling their loan parts at par...how does the system work whose loan part is sold first? Is there a visible list to see your order in a que of some sort? Nope, there's a "randomised selling process" too that means everyone queuing to sell (at the same level of discount) has an equal chance of selling some whenever the next buy order is placed.
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number5
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Post by number5 on Oct 3, 2017 21:59:48 GMT
Awesome guys...especially you Steve T....you guys have been so helpful.
I am sold on AC...but the interest rates are drawing me in to FS as well.
So hard to decide, without enough experimenting on FS...i.e. flipping loans
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jonah
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Post by jonah on Oct 4, 2017 6:35:08 GMT
Awesome guys...especially you Steve T....you guys have been so helpful. I am sold on AC...but the interest rates are drawing me in to FS as well. So hard to decide, without enough experimenting on FS...i.e. flipping loans Diversify and do both?
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number5
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Post by number5 on Oct 4, 2017 6:47:32 GMT
That is my plan, however I have most of my cash tied in long terms property loans in FC, prior to the cut off.
And exceess is going to FS at the momemt. As the cash drag increases or FS doesn't work for me, AC is my next stop.
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Oct 4, 2017 7:54:49 GMT
FS is the only platform (of 10) where my capital losses exceed total all time interest received. Don't be dazzled by the interest rate.
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number5
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Post by number5 on Oct 4, 2017 8:17:36 GMT
FS is the only platform (of 10) where my capital losses exceed total all time interest received. Don't be dazzled by the interest rate. That is not good to hear...I assume you kept these loans to the end?....i am hoping to leave withing first 5 months
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Post by jevans4949 on Oct 4, 2017 9:36:45 GMT
So if everyone is selling their loan parts at par...how does the system work whose loan part is sold first? Is there a visible list to see your order in a que of some sort? There is an automated process that goes round each loan every few hours, gathers up all buy and sell orders and divides the loan parts equally (to 40 decimal places!). So don't expect to see an immediate buy; you'll have to come back in a few hours. You can place orders for more than your available funds; these will be gradually filled as interest and repayments roll in. Handy to have a few hundred on order, as you never know when one of your existing loans will repay early. Internally, Assetz hold your share in a loan as a proportion of the total loan amount, not in pounds and pence. Hence the wacky fractions.
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