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Post by nellerdk on Jul 15, 2018 14:52:19 GMT
anyone else experiencing cash drag right now?
my auto invest is set for 10% interest and up
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Post by stevec2x on Jul 15, 2018 21:10:16 GMT
Yes! I'm assuming it's somehow related to the Mogo news
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Post by Ace on Jul 15, 2018 21:40:40 GMT
I haven't suffered any noticeable drag on Mintos yet.
Even though the bulk of my loans are through Mogo, I haven't had any buybacks yet.
Just looked at my euro auto-lend settings and there were 2221 loans above 10% available (384 above 13%). Over 50% of these were through Mogo!
Is anyone noticing the expected large buybacks from Mogo?
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Post by tomas on Jul 16, 2018 4:10:31 GMT
I haven't suffered any noticeable drag on Mintos yet. Even though the bulk of my loans are through Mogo, I haven't had any buybacks yet. Just looked at my euro auto-lend settings and there were 2221 loans above 10% available (384 above 13%). Over 50% of these were through Mogo! Is anyone noticing the expected large buybacks from Mogo? Yes, I've got about 10% of my Mogo being bought back the day before.
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fric
Member of DD Central
Posts: 199
Likes: 79
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Post by fric on Jul 16, 2018 8:13:40 GMT
Yes, Mogo did buyback a lot of paying loans on Saturday, I see a lot 13.5% older loans bought back. Was surprised to see a significant cash stack this morning just sitting in my account.
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Post by stevec2x on Jul 16, 2018 9:04:24 GMT
How odd!? I've still got all my 13% Mogo loans, they haven't bought back a single one, yet
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Post by nellerdk on Jul 21, 2018 11:42:47 GMT
I found a way to stop the cash drag: I disabled all diversification settings, so now my auto invest buys whatever loans it wants. Not the best solution, but I hate seeing the cash drag.
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