aju
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Post by aju on Nov 2, 2018 15:13:56 GMT
My understanding is that, if the unmatched amount was to reach £2000, this would NOT trigger £20 microloans, as the £2000 is distributed throughout the lending queue. That's interesting, one of the things I sometimes have done is added slightly too much to the new queue eg £20 over the 1999 by mistake. each time I did that it lent at £20 before I noticed what I had done. Whilst you may be correct I certainly would want to get the money back into holding rather than try it out as to be honest when it has lent 20 loans at £20 all of a sudden before I could withdraw it in time was not what I wanted. Just out of interest do you have some info from somewhere that makes you believe that if I had 1800 in the matching queue and then put £210 into the new money queue it would remain at £10 for the matching queue. Also if you are correct do you think the trigger would be made to subsequently lend at £20 as the new money that would have triggered the total would for £20 loans. My only experience is lending unexpectedly at >10 when only topping up incorrect amounts that starts in the new money queue.
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Post by erniec on Nov 2, 2018 15:33:51 GMT
Sorry, nothing documented to confirm what I believe, just from what I can remember seeing.
Mrs C’s unmatched could breach the 2000 mark if the current situation continues, although things seem a bit quicker today than recently.
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aju
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Post by aju on Nov 2, 2018 15:49:28 GMT
Sorry, nothing documented to confirm what I believe, just from what I can remember seeing. Mrs C’s unmatched could breach the 2000 mark if the current situation continues, although things seem a bit quicker today than recently. No probs this queue malarkey seems almost a dark science if you ask me!. As we were discussing this I realised the best way now to check this is to look at my monthly statements returns Spreadsheets over the last few months on each side and it turns out that if the queues stalled completely for a whole month then I would be passing just over £2000 a month into the ISA queues by moving in the Invest side as well as reinvesting the ISA side to core (New Money) products. Based on my ISA side having a 20% ratio for Plus there is little chance I would overload the Plus queue but the Core one might be in danger soon. That said in my experience Zopa has never gone more than a few days at most without any lending so I think I would be ok. Edit: The core queue is moving mrs Aju has just reported she has lent an additional £100 today to top up the whole lend to just under £1999. Apparently she can see that there was also about £80 of new lend on her Plus queue so far today but she stopped adding to the queue when the 20% was reached yesterday.
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Post by jevans4949 on Nov 8, 2018 10:17:09 GMT
Not looked into the details at present, but historically Zopa lending has tended to dip in November and December. People planning for Xmas (using credit cards), not spending time on new cars / kitchen extensions / weddings, etc.
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aju
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Post by aju on Nov 8, 2018 12:06:45 GMT
Not looked into the details at present, but historically Zopa lending has tended to dip in November and December. People planning for Xmas (using credit cards), not spending time on new cars / kitchen extensions / weddings, etc.
, You may be right however according to my weekly tables of total lending for the period leading up to Dec 31st 2017 this is the pattern of lending amounts reported by Zopa.
There does seem to be a slight weekly drop starting around the 6th Nov, in my case it did pickup quite a bit after I made the initial comments on the 1st. Mrs Aju is of course lending in £10 loans so I would expect it to take longer but the whole thing seemed to almost stall for a couple of days at that time. It's a bit stop and start and we are monitoring it with a fine tooth comb (come on zopa give us the ability to set our own diversification levels). The build up in my ISA has subsided since that slow down and to be honest unless it stalled for more than a month I think I would be safe. It's quite hard to gauge return levels when having large numbers of £10 loans mean that a higher number of loans repaid seems to skews things quite a bit as well as returned interest might.
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aju
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Post by aju on Nov 10, 2018 17:37:01 GMT
Mrs Aju just screwed her £10 lending by going over the £2000 mark in Core.
Lending was picking up quite a pace late yesterday and early today but she withdrew it all to stop >£10 loans happening and now its stuck in new money for a while - booooo.
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