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Post by chris on Oct 21, 2014 19:07:52 GMT
chris BLUNDER? ?
Can you detect what I just did? tried to reduce my target in TWY by £0.01 to equalise the target with holding figures and the whole lot has been sold leaving me with one penny invested. Can you check exactly what my instruction was? One of the loan parts was 847694.
You've set your target to be 1p rather than reduced it by 1p. I just carried out the same operation and it worked fine. What I suspect you've been confused by is the change from the old AI way of entering a new target rather than the new manual investment method of adjusting that target. So you've told it to reduce your holdings by x, where x has been entered as current hold minus 1p. Based on user feedback we're going to add a third option to the list where you can set your target to x rather than using a relative adjustment up or down.
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oldgrumpy
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Post by oldgrumpy on Oct 21, 2014 19:10:09 GMT
It says "Reduce my investment target by" and I put £0.01 in the box......... didn't I? Or does another figure show on your track of what I did? I'm looking to do the same thing with West Midlands Export, just to equalise the two figures, investment and target, but dare not press the button now. edit ... cross posted while I was checking stuff  PS I've done several others and they worked OK |
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star dust
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Post by star dust on Oct 21, 2014 19:12:57 GMT
Initial impression is that the site looks much cleaner, less cluttered, and more 'intuitive' and straightforward, and I think will be much more user friendly. Yes, a bit 'spaced out' on my laptop with firefox, but nonetheless a significant improvement - well done. Some of the 'mechanics' might need tweaking though as I seem to have some missing 'accrued' interest already, but need time to check everything out further. Sorry for busting in on the current dialogue between OG and Chris! AC, I have now checked through all my accrued interest figures and there are a lot of discrepancies some in my favour some in ACs and a range of magnitude. Sorry for not wading through hundreds of pink / white and several shades of mauve posts, but I did raise this issue quite early on and AC have not responded; is this a general or known issue, or should I email AC with my specific situation? I have noticed a number of other glitches too, but will try and skim through to see if they have been raised by others first.
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Post by colalba on Oct 21, 2014 19:18:07 GMT
I have stopped looking as everytime I log back into my account my accrued interest amount decreases, if it continues I may need a loan. The accrued interest is only showing for those loan units you still hold. Calculating the accrued interest for loan units you've sold is a computationally expensive operation which is usually only carried out at point of payment, and for which we need to build a caching layer. This will be sorted in the next couple of days, but what is displayed does not affect what is actually paid out. chris my accrued interest has been moving about a few times today. I assume you have been correcting various issues. With the exception of accrued interest on sales which you mention above is the "current accrued interest" figure now correct for everybody ?
edit - post crossed with star dust. I haven't checked the detail of mine as it never seemed static.
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oldgrumpy
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Post by oldgrumpy on Oct 21, 2014 19:18:29 GMT
Sorry for busting in on the current dialogue between OG and Chris! What a gent!! Apology not needed .... we're all hurling questions .... I just can't believe I didn't put £0.01 into the little box. I know exactly what I am supposed to do ..... or did I put in £160 (or whatever it was) because that figure was in my brain?  It's getting towards ale time  Just realised that applies to Chris too - had a difficult day?!!! 
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Post by chris on Oct 21, 2014 19:25:27 GMT
The accrued interest is only showing for those loan units you still hold. Calculating the accrued interest for loan units you've sold is a computationally expensive operation which is usually only carried out at point of payment, and for which we need to build a caching layer. This will be sorted in the next couple of days, but what is displayed does not affect what is actually paid out. my accrued interest has been moving about a few times today. I assume you have been correcting various issues. With the exception of accrued interest on sales which you mention above is the "current accrued interest" figure now correct for everybody ? Haven't changed anything, and there have been a couple of posts with the explanation but they're easy to miss in the flurry! The accrued interest figure reported on the site is misleading as it only counts those loan units you still hold. It's computationally expensive to calculate the historic ones so usually they're only calculated at the point of payment. So it's a display issue but I agree it's confusing and will be working on a mechanism to cache those calculated figures. I may get something up tomorrow but definitely by week end.
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oldgrumpy
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Post by oldgrumpy on Oct 21, 2014 19:27:49 GMT
I am getting: Error "there was a problem with our server" messages now as I tried to increase my target for [Mod: loan 39].
It comes after I click "yes" on the confirmation window which pops up.
Ah, working OK now 20:45
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Post by chris on Oct 21, 2014 19:30:50 GMT
Sorry for busting in on the current dialogue between OG and Chris! What a gent!! Apology not needed .... we're all hurling questions .... I just can't believe I didn't put £0.01 into the little box. I know exactly what I am supposed to do ..... or did I put in £160 (or whatever it was) because that figure was in my brain? It's getting towards ale time Just realised that applies to Chris too - had a difficult day?!!! For the most part it's been pretty smooth. I'm not aware of any big bugs we've had to fix - a few display issues and a lot of explaining, but other than my own mistake when importing the old auto invest settings it's all gone relatively smoothly. There have been a couple of old bugs where the loan settings don't quite match the state of the loan, which the admin team are aware of and are working to update this week, but those all predate the new site and should be relatively easy to correct. Considering the scope of the change, technologically philosophically and aesthetically, that's pretty smooth in my book. Between this and the loan model changes I'd estimate around an 80% rewrite of the front end website, although large parts behind the scenes remain the same. We've also started introducing live updating to the pages, so as the system buys and sells behind the scenes the figures on your dashboard (only that page for now but we will roll it out) will update dynamically. That's put in place a really solid foundation for building out all the other advanced features and changes we want to incorporate into the site over time, and is powered off the API that we'll roll out over the next few weeks to all lenders.
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sqh
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Post by sqh on Oct 21, 2014 19:31:20 GMT
Hi Chris, Because you haven't got enough issues, just letting you know this one.
21st Oct 2014 at 19:29 Purchase loan part 843662 (old id 803571) for 8.05 GBP - principal 8.05, annualised rate 13.200, loan: Kidderminster Bridging Loan (64)
BUT debited -8.06.
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oldgrumpy
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Post by oldgrumpy on Oct 21, 2014 19:35:19 GMT
What did Granny Grumps always say? Look after the pennies and the pounds will look after themselves?  |
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Oct 21, 2014 19:38:38 GMT
chris. There seem to be major anomalies in how the loans are displaying in the detail list. 1. Loans I hold display the title, holding, interest, target & opted out 2. Loans I hold display full synopsis, holding, interest & target but no opted out 3. A loan I hold displays full synopsis , target, but no holding, interest and no opted out 4. Loans I dont hold but want to display title, target and opted out 5. Loans I dont hold and dont want to display full synopsis, and no opted out. 6. Loans I dont hold and dont want display title & opted out, whether I have opted out or not Opted out list in My Loans shows loans I have opted out of but not all loans that are listed as opted out. There seems to be no logic What does opted out mean and do? At the moment I have no idea if a loan that says opted out will maintain my current holding or not, or aquire bits as per my target if I want it to. How do I stop the system from toping up loans that are amortising as they repay capital? On the old system if there was no AI mandate then nothing happened on the new system there has to be a target, (current holding on new system start) so by my understanding the system will just replace capital repayments (subject to avaliability) unless I manually reduce the target each month. If I dont have a target it will sell the existing holding. If I opt out it will sell the existing holding.
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Post by chris on Oct 21, 2014 19:38:48 GMT
That the target doesn't track principal repayments - this is identical to the old system. Indeed there was a debate on this forum about whether or not it should. I have a solution in mind so that it will count down with each repayment as they're made, but suspect that this will still cause confusion. For example if you set your target to £500 but nothing is immediately available and then a loan repayment occurs, should your target adjust? Should it only track your current holdings and not scale the rest, should it scale everything, etc. I don't remember there ever being a consensus on how it should work last time it was discussed, so for now it is set to copy the old behaviour but I am happy to discuss this further and come up with a solution everyone is happy with. Chris In the old system you didn't have to use targets (or AI) so the fact it didn't track the principal repayments wasn't an issue. Because I have to use targets for everything now, the issue is now far more critical. Right now I can't actually risk adding money to my MLIA until I get round to changing every loan target to exactly match my current loan amount. Otherwise it might trigger a bunch of pointless trades in 17p or something. Every time an amortization happens I'm going to have to alter those targets again and again. This is horribly manual. Can the "opt out" structure provide a means by which I will not buy or sell anything to do will that loan i.e it will freeze it so that it can naturally amortize away? I'm scared of hitting the opt out option since it might just sell everything! Also is there any way I can adjust the quanta of buying/selling? I really don't want to buy anything amount less than £100 or sell anything less than £100 since it's just an irrelevance. There's no way to adjust the quanta, it's just not practical. However in the coming months there'll be far greater supply of loans of larger sizes so hopefully it'll be less of an issue. For the targets as I say I'm open to discussion of how it should work. There's a lot of edge case scenarios where confusion could set in.
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gnasher
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Post by gnasher on Oct 21, 2014 19:41:24 GMT
Oh dear, silly Gnasher has done a Grumpy, or something like that by using the old method on the new system.
I wanted to increase my target in CWT(125) from 2000 to 2500, so I indicated "increase" and typed in 2500 (... instead of 500!). Suddenly I was the proud owner of £4500 - s&%t!
Changed my target back to 2500 and I now appear to hold 3800, not quite so bad. But the difference in how this works on the old and new system needs great care. Very confused as I cannot see all movements on my statement.
Edit : OK now found out how to see my transaction statement, and the system has indeed sold £700 of my unwanted investment, phew, perhaps it will sell some more soon.
So beware - take care folks!
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ianj
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Post by ianj on Oct 21, 2014 19:45:39 GMT
Hi Chris, Because you haven't got enough issues, just letting you know this one. 21st Oct 2014 at 19:29 Purchase loan part 843662 (old id 803571) for 8.05 GBP - principal 8.05, annualised rate 13.200, loan: Kidderminster Bridging Loan (64) BUT debited -8.06.
At 19:29 I acquired £8.06 in the aforementioned loan.  If Chris knows a way of getting this back to you I would be happy to return it! Edit: 'It' being £0.01p
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ilmoro
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Post by ilmoro on Oct 21, 2014 19:45:45 GMT
Hi Chris, Because you haven't got enough issues, just letting you know this one. 21st Oct 2014 at 19:29 Purchase loan part 843662 (old id 803571) for 8.05 GBP - principal 8.05, annualised rate 13.200, loan: Kidderminster Bridging Loan (64) BUT debited -8.06.
Ive got one like that too. Bought £1.10, debited £1.11. Presumably a rounding issue but overtime could build to a significant reconcilation issue between cash & loans
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