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Post by jakebullet on Apr 5, 2018 10:43:22 GMT
I appear to have reached the point where repayments and new loans are balancing. I've a smidge over 2K in active loans, is there any way I can increase it? If I put £1000 on account & increase my bid limit will I get bigger chunks or still £5.35?
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Apr 5, 2018 10:52:00 GMT
I've experimented lots and have settled at £1,000, £1,000 and £100 with a c£1,200 float, which seems to work for me so far and slowly builds.
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archie
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Post by archie on Apr 5, 2018 11:52:04 GMT
I've experimented lots and have settled at £1,000, £1,000 and £100 with a c£1,200 float, which seems to work for me so far and slowly builds. Mine is similar at £1,000, £1,000 and £250. I add £1,000 when the balance nears £500.
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jontyab
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Post by jontyab on Apr 5, 2018 12:15:10 GMT
Our individual auto lend instructions don't help much without an idea of the corresponding loan allocations. I feel like there's more to it than 'you get your full even-share allocation to a non-random loan provided it's lower than both your cash balance and corresponding autolend setting' (though intuitively this is how it should operate to me) p2pindependentforum.com/post/240641/thread is the only effort so far I've seen to this end. |
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amwinv
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Post by amwinv on Apr 6, 2018 0:26:29 GMT
I think it depends on such a variety of factors. How long have you been investing in it? I've been using UNB for about 3-4 months, and as most loans are 6 months, I'm beginning to see a hike in repayments which you obviously shouldn't have for the first few months, as you are just collecting all new loans in that early period. So if you have been going for around 6 months... Then yeah. It's gonna get pretty repayment-heavy.
The last week or so has had more repayments then I've ever seen before... About 5-10 a day - which may or may not have something to do with the tax year(ending/starting?)
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Post by df on Apr 6, 2018 15:03:52 GMT
I appear to have reached the point where repayments and new loans are balancing. I've a smidge over 2K in active loans, is there any way I can increase it? If I put £1000 on account & increase my bid limit will I get bigger chunks or still £5.35? Yes, £1000 on account and increasing your limits will give you bigger chunks in large loans, but it will still be around £5 for very small loans.
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dermot
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Post by dermot on Apr 9, 2018 18:20:56 GMT
Random data point, but I'm getting reasonable results just topping up with small amounts at frequent intervals.
Maybe the algorithm likes this, or perhaps I'm just lucky!
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IFISAcava
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Post by IFISAcava on Apr 10, 2018 7:03:02 GMT
I've experimented lots and have settled at £1,000, £1,000 and £100 with a c£1,200 float, which seems to work for me so far and slowly builds. Mine is similar at £1,000, £1,000 and £250. I add £1,000 when the balance nears £500. , you probably already know this, but if you let your balance fall below £1000, your de facto limit (and hence allocation proportion) falls below £1000 too. For best allocations, you need to keep your balance above your limits (albeit at the expense of higher cash drag)
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IFISAcava
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Post by IFISAcava on Apr 10, 2018 7:05:37 GMT
Random data point, but I'm getting reasonable results just topping up with small amounts at frequent intervals. Maybe the algorithm likes this, or perhaps I'm just lucky! Depends what you consider reasonable results! For me that would mean three figure allocations and you can't get those by topping up small amounts.
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archie
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Post by archie on Apr 10, 2018 7:27:04 GMT
Mine is similar at £1,000, £1,000 and £250. I add £1,000 when the balance nears £500. , you probably already know this, but if you let your balance fall below £1000, your de facto limit (and hence allocation proportion) falls below £1000 too. For best allocations, you need to keep your balance above your limits (albeit at the expense of higher cash drag) Yes I do realise. I only get the summary email, usually only see my balance the following day. Investment levels are quite good, around 14k (*) after 6 months.  * A fair bit of manual buying in that figure.
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Post by dan1 on Apr 10, 2018 7:50:08 GMT
Mine is similar at £1,000, £1,000 and £250. I add £1,000 when the balance nears £500. , you probably already know this, but if you let your balance fall below £1000, your de facto limit (and hence allocation proportion) falls below £1000 too. For best allocations, you need to keep your balance above your limits (albeit at the expense of higher cash drag) Interesting because I take the view that if I want £1000 allocation I'd try not to let the cash balance drop below £1000 but set auto-lend to £2000 in case of large repayments leading to a large cash balance, otherwise it's dead money unable to be allocated except when there are multiple successive auto-lends. Of course, I'll get allocations greater than desired at times.
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IFISAcava
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Post by IFISAcava on Apr 10, 2018 9:38:26 GMT
archie , you probably already know this, but if you let your balance fall below £1000, your de facto limit (and hence allocation proportion) falls below £1000 too. For best allocations, you need to keep your balance above your limits (albeit at the expense of higher cash drag) Interesting because I take the view that if I want £1000 allocation I'd try not to let the cash balance drop below £1000 but set auto-lend to £2000 in case of large repayments leading to a large cash balance, otherwise it's dead money unable to be allocated except when there are multiple successive auto-lends. Of course, I'll get allocations greater than desired at times. good point i have been setting high limits and keeping the same as minimum cash balance, and have managed to get £30K invested over 12 months. But am now setting the autolend a bit higher as there have been some large repayments and my balance is higher than usual.
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Post by dan1 on Apr 10, 2018 9:47:55 GMT
Interesting because I take the view that if I want £1000 allocation I'd try not to let the cash balance drop below £1000 but set auto-lend to £2000 in case of large repayments leading to a large cash balance, otherwise it's dead money unable to be allocated except when there are multiple successive auto-lends. Of course, I'll get allocations greater than desired at times. good point i have been setting high limits and keeping the same as minimum cash balance, and have managed to get £30K invested over 12 months. But am now setting the autolend a bit higher as there have been some large repayments and my balance is higher than usual. Hmmm must make amental note to think before posting because my future allocations just reduced following your increase:)
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IFISAcava
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Post by IFISAcava on Apr 10, 2018 14:48:15 GMT
good point i have been setting high limits and keeping the same as minimum cash balance, and have managed to get £30K invested over 12 months. But am now setting the autolend a bit higher as there have been some large repayments and my balance is higher than usual. Hmmm must make amental note to think before posting because my future allocations just reduced following your increase:) I don't think I am THAT much of a BH to affect you allocations significantly!
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Liz
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Post by Liz on Apr 11, 2018 9:38:18 GMT
You really do need to accept some cash drag on UB, which is a shame, as we all know higher cash balances get higher allocations despite settings.
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