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Post by batchoy on Oct 21, 2014 21:09:07 GMT
Some parts of the web site are far too wordy to the extent that they start to obscure the real meaning. For example, compare "There is currently £619,806.73 of available investment capacity in this loan." with something like "Available to buy: £619,806.73" An other example of non-intuitive design putting numbers in text and then highlighting it to make it stand out because they have disappeared into the text which in turn makes the text disappear but even if do manage to read the sentence you forgotten what the number was by the time you reached the end. Simple rule, the text goes on the left the number go on the right, the only thing that to be to the right of the numbers is the unit of measure (unless it is a currency measure then it is down to local custom) or if the text runs to more than one line the number goes on the next line down but is still right aligned, because that is how we intuitively want to see things.
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baz657
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Post by baz657 on Oct 21, 2014 21:10:17 GMT
I'm sure someone will correct me if wrong but weren't we all told that this new system will have a big OFF button for the (what was then) AI which would stop all automatic sales and purchases? With all the uncertainties I'd like to hit the off button but I can't find it.
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pikestaff
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Post by pikestaff on Oct 21, 2014 21:12:10 GMT
Some parts of the web site are far too wordy to the extent that they start to obscure the real meaning. For example, compare "There is currently £619,806.73 of available investment capacity in this loan." with something like "Available to buy: £619,806.73" Not being able to disable MI for particular loans and having to check multiple statements is just barking IMHO which is a damn shame because the new site, particularly on a tablet, is a delight. Is that what "available investment capacity" means?!! I thought it meant demand from bidders. (Not really, but that would be a much more plausible interpretation of the words, IMO.) Re tablets. I hoped that I might be able to fool the site into thinking I was on a tablet by making my window narrower (sounds implausible, but works on TC). Sadly not.
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Post by batchoy on Oct 21, 2014 21:15:10 GMT
I'm sure someone will correct me if wrong but weren't we all told that this new system will have a big OFF button for the (what was then) AI which would stop all automatic sales and purchases? With all the uncertainties I'd like to hit the off button but I can't find it. No off button as such, but you can make all repayments and interest payments go to your cash account rather than letting them be reinvested which has similar effect, until you transfer money back into your MI account and the MAI takes over.
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pikestaff
Member of DD Central
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Post by pikestaff on Oct 21, 2014 21:24:44 GMT
I'm sure someone will correct me if wrong but weren't we all told that this new system will have a big OFF button for the (what was then) AI which would stop all automatic sales and purchases? With all the uncertainties I'd like to hit the off button but I can't find it. No off button as such, but you can make all repayments and interest payments go to your cash account rather than letting them be reinvested which has similar effect, until you transfer money back into your MI account and the MAI takes over. Yes but you cannot control what happens when it goes back, especially on those amortising loans, without manually re-setting every single loan target to what it should be after allowing for amortisation. I'm not sure I want to put ANY money into my MLIA until this is fixed.
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jo
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dead
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Post by jo on Oct 21, 2014 21:28:58 GMT
Wonder where we are on the repent at leisure-ometer.
Sorry, too soon?
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Post by Jack Barlow on Oct 21, 2014 21:32:04 GMT
chris, not an immediate issue, but on the "Your Loans" page, could we have another tab in addition to "active", "repaid" and "opt-out" that lists the loan parts that we've sold but still owe us accrued interest?
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Post by mrclondon on Oct 21, 2014 21:55:55 GMT
A couple of suggestions which I don't think have been mentioned before
a) It would be good if the browse loans page could remember the filter selected between sessions (e.g. only loans with parts available to purchase). Or is it already there but browser dependent.
b) Some of the filters in the browse loan list return the loans in reverse loan id order (good) and others in Alphabetical order (not so good). Could it be made consistent please, or provide field sort links.
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Post by Jack Barlow on Oct 21, 2014 22:00:09 GMT
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. In agreement with samford71 that we at least need to have a sensible option for preventing amortised loans trying to automatically top up every time a principal repayment is made. My generic solution would be to introduce a tick box (or equivalent) for each amortised loan that allows us to choose between (i) reducing the target investment amount (which may or may not be the amount currently held) every time there is a principal repayment by the same amount as the repayment, or (ii) maintaining the existing target investment amount.
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mikeb
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Post by mikeb on Oct 21, 2014 22:03:57 GMT
1) Manual investment is always on, but if you r holding and target are equal then it will ignore you. 2) ask lenders to set their targets to whatever level of investment they actually want. 3) That the target doesn't track principal repayments - this is identical to the old system. 4) However I repeat this is not a change in behaviour 1) Not true: See my comment under "Loan divisibility" -- the site just sold parts in a loan and then repurchased others. No authorisation to do that. Holding was equal to target. 2) I had set the target to what I wanted in loans I wanted to buy MORE in. I set NO targets for all the others, targets have been dropped on me with no off switch that I can find. How do I turn off MAI on loans where I am satisified with my holding and do not wish MAI to do stuff behind my back? 3) Agreed. But under the old system we weren't FORCED to use AI all the time. Once it had done it's thing (bought loan parts up to stated value), it could be turned OFF and then it would butt out. No longer an option? So now it's NOT the same, it's forcing holdings to stay up? 4) So where's the off button that used to exist, am I missing it? I want OUT of the MAI on certain loans. > Any comments on all the other accounting and display errors?That's a no then  ... I'll assume that as many others are querying why the accrued interests are all over the shop, increasing, decreasing, zeroed, and interest rates showing as various wrong figures, that these are all being worked on. EDIT: Although p2pindependentforum.com/post/25381 has been rendered useless by excessive moderation, it was posted in the private section because I needed to use details. Cheers. I hope chris has a copy of the proper details?
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Post by yorkshireman on Oct 21, 2014 22:12:17 GMT
I still think that the presentation of the total investment figure is a shambles.
At present my dashboard shows:
Amount awaiting investment + amount currently invested = total investment yet in addition I have a current cash balance which should surely be included in the total investment?
If it shouldn’t be included then what is the amount awaiting investment doing in the total investment figure?
Can we have clarification of what is meant by total investment please?
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ed
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Post by ed on Oct 21, 2014 22:14:19 GMT
Couldn't agree more, this is a fundamental flaw in the system!
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Post by batchoy on Oct 21, 2014 22:23:05 GMT
1) Manual investment is always on, but if you r holding and target are equal then it will ignore you. 2) ask lenders to set their targets to whatever level of investment they actually want. 3) That the target doesn't track principal repayments - this is identical to the old system. 4) However I repeat this is not a change in behaviour 1) Not true: See my comment under "Loan divisibility" -- the site just sold parts in a loan and then repurchased others. No authorisation to do that. Holding was equal to target. 2) I had set the target to what I wanted in loans I wanted to buy MORE in. I set NO targets for all the others, targets have been dropped on me with no off switch that I can find. How do I turn off MAI on loans where I am satisified with my holding and do not wish MAI to do stuff behind my back? 3) Agreed. But under the old system we weren't FORCED to use AI all the time. Once it had done it's thing (bought loan parts up to stated value), it could be turned OFF and then it would butt out. No longer an option? So now it's NOT the same, it's forcing holdings to stay up? 4) So where's the off button that used to exist, am I missing it? I want OUT of the MAI on certain loans. 4a) Similarly if it is the same where is the advanced function to set the maximum % holding? At least if there is no off button the maximum % would have prevented the situation when a loan nears term of the MAI potentially buying up all the remaining principle in loan.
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sl75
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Post by sl75 on Oct 21, 2014 23:07:18 GMT
In agreement with samford71 that we at least need to have a sensible option for preventing amortised loans trying to automatically top up every time a principal repayment is made. My generic solution would be to introduce a tick box (or equivalent) for each amortised loan that allows us to choose between (i) reducing the target investment amount (which may or may not be the amount currently held) every time there is a principal repayment by the same amount as the repayment, or (ii) maintaining the existing target investment amount. ... and as pointed out elsewhere, the "prevent amortised loans trying to automatically top up" mechanism needs to be the default for any lenders who have never set an auto-invest target, as such lenders have never agreed to further purchases, either explicitly or implicitly. (This comment does not apply to me personally - I set auto-invest targets all over the place!)
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sqh
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Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Oct 21, 2014 23:21:27 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!, has the system sold any more, over and above the £700 ? Chris, this needs explaining. Has the queueing of loan parts changed from random selection to Last in First out ? With over £400,000 available how did £700 get sold so quickly ?
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... I'll assume that as many others are querying why the accrued interests are all over the shop, increasing, decreasing, zeroed, and interest rates showing as various wrong figures, that these are all being worked on.
