sapphire
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Post by sapphire on Mar 19, 2019 14:45:14 GMT
Made an elementary error today. Got the £1000 of tranche A on autolend, then logged in to get another bite of Tranche B, but the invest bars wouldn't work. By the time I'd realised that this was because I hadn't turned autolend off, all the higher tranches gone. An easy error which you are not alone in making.. proplend As the Auto lend allocation is only towards Tranche A and as this is done around 11:30 am (and the balance of "Available Funds" reduced by the auto allocation), just wondering the reason(s) for not allowing a manual investment in Tranches B & C when the loan is launched at noon, with the balance of available funds, if the auto-lend option is still turned on? What potential issue(s) does Proplend expect to arise if it configures its IT system to allow a manual investment in Tranches B & C with the auto-lend option for Tranche A still turned on?
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hantsowl
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Post by hantsowl on Mar 19, 2019 17:13:22 GMT
An easy error which you are not alone in making.. proplend As the Auto lend allocation is only towards Tranche A and as this is done around 11:30 am (and the balance of "Available Funds" reduced by the auto allocation), just wondering the reason(s) for not allowing a manual investment in Tranches B & C when the loan is launched at noon, with the balance of available funds, if the auto-lend option is still turned on? What potential issue(s) does Proplend expect to arise if it configures it IT system to allow a manual investment in Tranches B & C with the auto-lend option for Tranche A still turned on? This is the way it was designed. Some people prefer passive investing and this facilitates that. If you read the doc for auto-lend you see the following... It's Important to Understand that ...
Proplend Auto-Lend prioritises investment over diversification. The facility looks to get your available cash invested and earning as quickly as possible, even if that means allocating to fewer loans. If you’d prefer to prioritise the number of loans your account is invested to or you have your own minimum interest rate criteria then manual selection of loans may be more appropriate for you.
The facility is intended to be a passive investment option for Lenders. Once turned on for an account, Auto-Lend will look to invest all current and future available cash automatically. Enabled accounts will not be able to manually invest available cash or sell current loan holdings until they are disabled.
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Post by uksoul on Mar 19, 2019 21:48:04 GMT
Watch out for the other issue which caused me to miss a tranche on release once. I had been monitoring the PLE for a while and release time arrived. I tried to buy a piece but this failed with a logout error. I had to login again and by the time I got back in to the loan page my tranche had gone. It seems there is an autologout on accounts but we can still display some of the pages so you don't actually realise you are logged out. I now make sure to logout/login 5 mins prior to any loan release.
This prob was brought up on another thread. Someone mentioned they keep the page on auto refresh to stop the logout.
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hantsowl
Member of DD Central
Posts: 672
Likes: 546
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Post by hantsowl on Mar 19, 2019 21:58:17 GMT
Watch out for the other issue which caused me to miss a tranche on release once. I had been monitoring the PLE for a while and release time arrived. I tried to buy a piece but this failed with a logout error. I had to login again and by the time I got back in to the loan page my tranche had gone. It seems there is an autologout on accounts but we can still display some of the pages so you don't actually realise you are logged out. I now make sure to logout/login 5 mins prior to any loan release. This prob was brought up on another thread. Someone mentioned they keep the page on auto refresh to stop the logout. I don't think that works. I tend to auto-refresh the PLE page when looking for something to bid for. After a while, if I switch away to another page I find that I am logged out.
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Post by uksoul on Mar 20, 2019 1:33:51 GMT
Watch out for the other issue which caused me to miss a tranche on release once. I had been monitoring the PLE for a while and release time arrived. I tried to buy a piece but this failed with a logout error. I had to login again and by the time I got back in to the loan page my tranche had gone. It seems there is an autologout on accounts but we can still display some of the pages so you don't actually realise you are logged out. I now make sure to logout/login 5 mins prior to any loan release. This prob was brought up on another thread. Someone mentioned they keep the page on auto refresh to stop the logout. I don't think that works. I tend to auto-refresh the PLE page when looking for something to bid for. After a while, if I switch away to another page I find that I am logged out. I have never tried it to see if it works but i get the same prob as you of being logged out when page switching.
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eeyore
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Post by eeyore on May 30, 2020 8:56:28 GMT
PLL0862 Milford Haven loan was redeemed yesterday (Friday 29th) - paid in full with penalty interest.
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Post by uksoul on May 30, 2020 11:19:43 GMT
PLL0862 Milford Haven loan was redeemed yesterday (Friday 29th) - paid in full with penalty interest. Yes, a nice bit of extra interest!
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