|
|
Post by chris on Nov 2, 2018 12:30:58 GMT
Yeah I've noticed a drop - before the system was reporting the peak investment due to that being how the promotion initially working where there was the £10m cap, that was switched a couple of days ago to report both that peak and the current investment level. However there's been a drop overnight that we're investigating. It could be a problem in the overnight calculation that sums what people have invested or it could be a bug in the correct from a couple of days ago where it didn't reduce the amounts displayed to the correct levels, or it could be something else entirely. I'll report back once I know more. With some platforms I am on I would be very concerned by such a post, but with AC I have much more confidence, AND I appreciate the way the platform’s representatives actively engage. Thanks. on 31/10/18 I took a screen shot of balances and Xmas bonus. Today’s 30D and QAA IFISA figures has increased by £1.40 BUT the accrued interest has dropped by £1.18. This is minuscule compared to the sum now invested, but it might be a clue perhaps? PM if you want more info. To try and aid with that confidence, there are multiple layers of abstraction on the system to aid performance. At the lowest level you have the transactions on your statement and individual loan units. Above that there are various summaries and counters that aggregate and summarise that information. Usually that works perfectly well but it's possible for that summary information to become out of sync with the underlying raw data. All financial movements and trades of loan units happen at the lowest level so remain unaffected in those scenarios but the lender dashboard is often reporting the summary information due to it being far quicker to calculate and manipulate. Then with something like a promotion you have a calculation on top of that summary information which could then have a bug in it. As it's used only to display to lenders there's no knock on effect from that bug as long as it's corrected before payment is made for the promotion but obviously it's disconcerting for lenders. I have no doubt the underlying transactions and loan units are correct, the issue will be higher up than that.
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Nov 2, 2018 14:42:49 GMT
I have found that number a bit strange. As a recent joiner (very) I though the qualifying amount would be the cash I had put in and lent. But it is more than that. I bought some parts through MLA at a discount, and that approximate discount has been added to my bonus qualifying amount. So it seems not to be the cash I put in, but the value of my holdings. True I did not expect the money to count until it was invested, but I expected it to be the cost of the investments. No complaints - all good.
|
|
|
|
Post by chris on Nov 2, 2018 14:51:10 GMT
I have found that number a bit strange. As a recent joiner (very) I though the qualifying amount would be the cash I had put in and lent. But it is more than that. I bought some parts through MLA at a discount, and that approximate discount has been added to my bonus qualifying amount. So it seems not to be the cash I put in, but the value of my holdings. True I did not expect the money to count until it was invested, but I expected it to be the cost of the investments. No complaints - all good. Yes, it's based on the value of your holdings.
|
|
|
|
Post by chris on Nov 3, 2018 12:25:43 GMT
Has anyone else seen their balance fall since yesterday? Mine has, everything was fully invested as far as I can tell, and automatically sweeping into QAA, which seem to be working, and nothing spanned midnight. chris ? Can you PM me your email address please so I can look into this on your specific account?
|
|
bigfoot12
Member of DD Central
Posts: 1,817
Likes: 816
|
Post by bigfoot12 on Nov 7, 2018 10:12:25 GMT
Has anyone else seen their balance fall since yesterday? Mine has, everything was fully invested as far as I can tell, and automatically sweeping into QAA, which seem to be working, and nothing spanned midnight. chris ? Yeah I've noticed a drop .... I'll report back once I know more. Fixed now, thank you.
|
|
|
|
Post by hammertime on Nov 14, 2018 15:43:26 GMT
Lucky i invested extra cash when i did i should get a nice bonus out of this. Which should cover the I** loans.
|
|
pence
Posts: 46 
Likes: 14
|
Post by pence on Dec 12, 2018 18:09:53 GMT
Can notice be given now for money invested via the 30 day access account and the money still qualifies for the 1% cashback offer ?
I assume it qualifies since the money is still invested for a further 30 days which is past the 17th Dec. snapshot day - but I thought I better ask.
Thanks!
|
|
nick
Member of DD Central
Posts: 1,056
Likes: 825
|
Post by nick on Dec 12, 2018 19:30:41 GMT
Can notice be given now for money invested via the 30 day access account and the money still qualifies for the 1% cashback offer ?
I assume it qualifies since the money is still invested for a further 30 days which is past the 17th Dec. snapshot day - but I thought I better ask.
Thanks!
Yes - as the funds remain invested over the 30 day notice period past the the 17th Dec.
|
|
rscal
Posts: 985
Likes: 537
|
Post by rscal on Dec 13, 2018 8:45:44 GMT
Can notice be given now for money invested via the 30 day access account and the money still qualifies for the 1% cashback offer ?
I assume it qualifies since the money is still invested for a further 30 days which is past the 17th Dec. snapshot day - but I thought I better ask.
Thanks!
Yes it qualifies as a balance as long as it remains on the platform but NOT in the 'Cash Account'. Are you not thinking of keeping it in there until June for the extra 1% then?
|
|
|
|
Post by hammertime on Dec 13, 2018 15:19:59 GMT
Get what you can while you can.
|
|
zccax77
Member of DD Central
Posts: 82
Likes: 76
|
Post by zccax77 on Dec 13, 2018 15:41:55 GMT
I have 350k invested to take advantage of the 1% cashback. Will remove everything on the 18th and put into FTSE shares. Too many cheap shares out there due to brexit, paying 8%+ dividends. Have been burnt bady on Lendy and have realised the risk adjusted returns are too low to bother with P2P, upside limited to 5-6% and downside limited to 100% loss of capital. At one point I had over £1m in P2P, never again.
|
|
|
|
Post by hammertime on Dec 13, 2018 16:08:50 GMT
The FTSE is looking shaky at the moment.
|
|
littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
|
Post by littleoldlady on Dec 13, 2018 16:36:38 GMT
I have 350k invested to take advantage of the 1% cashback. Will remove everything on the 18th and put into FTSE shares. Too many cheap shares out there due to brexit, paying 8%+ dividends. Have been burnt bady on Lendy and have realised the risk adjusted returns are too low to bother with P2P, upside limited to 5-6% and downside limited to 100% loss of capital. At one point I had over £1m in P2P, never again. With a 7 figure sum you should be sufficiently well diversified across both loans and platforms. You may have just been unlucky or possibly you were not patient enough whilst building your portfolio and put too much into too few loans. If that's the case don't repeat the mistake with shares. Although the index is down it does not mean it cannot fall further if Brexit is not resolved properly. It may be that cash is king for the next several months. This is my personal opinion and not advice.
|
|
|
|
Post by hammertime on Dec 13, 2018 17:30:08 GMT
You must of read my mind. Or great minds think alike.
|
|
zccax77
Member of DD Central
Posts: 82
Likes: 76
|
Post by zccax77 on Dec 13, 2018 18:28:22 GMT
You must of read my mind. Or great minds think alike. Be greedy when others are fearful. Also easy to diversify when there are a tonne of blue chip bargains out there. Better to do that than to give your money to a bunch of conmen. If there is a serious recession P2P will have a worse outcome than the stock market, where you can wait until a recovery. With P2P you will be at the mercy of a bunch of administrators.
|
|
