registerme
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Post by registerme on Jan 3, 2018 17:07:50 GMT
I guess it's good from an XIRR perspective. But... on the other platforms I use, assuming I don't reinvest somehow, I tend to wait until I've built up a hundred quid or so before transferring it out - Archover's approach is going to mean a lot (depending on the number of loans you have) of small transactions monthly which, from my perspective, is a pain to administer on my management sheet.
Personally I think I prefer the ease of management to the immaterial improvement in XIRR... but what do you think about it?
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wilja
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Post by wilja on Jan 3, 2018 17:16:07 GMT
I agree, I would much prefer a consolidated payment monthly.
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Nomad
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Post by Nomad on Jan 3, 2018 17:48:11 GMT
I agree, I would much prefer a consolidated payment monthly. Yes, that would be better in my view.
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Post by stevepn on Jan 3, 2018 19:54:33 GMT
Does that mean there is potential to lose up to 30 days interest on part of your monthly payment?
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Post by hugoarchover on Jan 4, 2018 10:45:15 GMT
I agree, I would much prefer a consolidated payment monthly. Yes, that would be better in my view. registerme @nomad wilja Thank you for your comments - we are in the final stages of producing this, it has been part of our ISA development. Going forwards Lenders initially will be able to view their wallets, top up their wallets and 'flag' their wallets for payment meaning that they can choose when to pay out their interest/capital. Following on from this will be automated *monthly* (insert time frame that suits) payments and statements. This is unlikely to be in the first stage though. I hope that is what you are after - any feedback or requests are much appreciated. Hugo
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liso
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Post by liso on Jan 4, 2018 11:41:04 GMT
Good news hugoarchover and the sooner the better. The present system of payments is fiddly and time consuming, and any improvement would be welcome
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registerme
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Post by registerme on Jan 4, 2018 14:31:38 GMT
Great news hugoarchover, thanks . All I want to be able to do is choose when to transfer any cash balance out, but I guess the more options available the better. Any ETA?
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Post by hugoarchover on Jan 4, 2018 14:33:02 GMT
Great news hugoarchover , thanks . All I want to be able to do is choose when to transfer any cash balance out, but I guess the more options available the better. Any ETA? We are looking to launch our ISA in Q1 this year so hopefully it will be weeks and not months from now!
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stevio
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Post by stevio on Jan 4, 2018 20:44:24 GMT
Automatic reply probably more realistic request
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liso
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Post by liso on Mar 9, 2018 13:11:46 GMT
Any progress please hugoarchover on the restructuring of interest payments?
As my investments increase, interest payments are becoming an increasing pain to keep track of under your present system.
Thanks
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Post by hugoarchover on Mar 9, 2018 15:00:38 GMT
Any progress please hugoarchover on the restructuring of interest payments?
As my investments increase, interest payments are becoming an increasing pain to keep track of under your present system.
Thanks Yes liso - we are about to launch it! We are in the final stages of testing. We hope it will be live in March. Hugo
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liso
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Post by liso on Mar 9, 2018 16:25:05 GMT
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liso
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Post by liso on May 1, 2018 11:43:27 GMT
Any progress please hugoarchover on the restructuring of interest payments?
As my investments increase, interest payments are becoming an increasing pain to keep track of under your present system.
Thanks Yes liso - we are about to launch it! We are in the final stages of testing. We hope it will be live in March. Hugo Any progress with this? hugoarchover
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Post by hugoarchover on May 2, 2018 14:25:44 GMT
Hi lisoApologies this has been ready to go however it was decided that it would be launched with the ISA. I expect both to be live within a week. Hugo
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IFISAcava
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Post by IFISAcava on May 2, 2018 15:49:11 GMT
Hi liso Apologies this has been ready to go however it was decided that it would be launched with the ISA. I expect both to be live within a week. Hugo At last, the ISA! Hurrah! (assuming that is that transfers in will be available from day 1...)
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