TitoPuente
Member of DD Central
Posts: 624
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Post by TitoPuente on Aug 24, 2018 7:23:28 GMT
Another beginner question please:
I placed a manual Buy order for a loan. Do I need to transfer funds from the Cash Account ("CA") to the Manual Lending Account ("MLA") to cover the purchase? It seems logic that any purchase in the MLA would automatically sweep funds from the CA. However, I observe that there seems to be another Cash Account "Awaiting investment" within the MLA, or perhaps this is just a reporting feature. It is quite confusing.
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Gruff
Posts: 63
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Post by Gruff on Aug 24, 2018 7:44:05 GMT
You're right. Click on invest in the MLA box to transfer money from the cash account into the MLA. Remember money that hasn't yet been invested in loans in the MLA account gets swept up into the QAA and you earn interest on that at 4.1%.
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ceejay
Posts: 975
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Post by ceejay on Aug 24, 2018 9:20:40 GMT
... Remember money that hasn't yet been invested in loans in the MLA account gets swept up into the QAA and you earn interest on that at 4.1%. ... only if you've remembered to select the "invest idle funds" option ...
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Gruff
Posts: 63
Likes: 68
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Post by Gruff on Aug 24, 2018 9:37:53 GMT
Quite right, should have mentioned that
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