mikes1531
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Post by mikes1531 on Nov 4, 2014 17:47:48 GMT
One of the reasons for having earlier smaller lower interest rate loans set as "buy", (up to a limit - I usually do it by "drip-feed so not much unused money is hanging around), is so that when I want some cash fairly quickly for something else. these are the ones which can be sold pretty sharpish ... usually. Perhaps things are different now, but in the past when someone has tried to sell one of the early 6.5% LtL loans they haven't sold quickly at all. I remember one not that long ago that took something like three weeks before it finally all went. Admittedly it was a four-digit chunk for sale, but 6.5% is so much lower than anything else available now that I wouldn't expect many investors to have set targets to acquire pieces of those loans -- except, perhaps, for those investors so keen to diversify their holdings that they'll buy a bit of anything.
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Neil
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Post by Neil on Nov 4, 2014 17:48:39 GMT
I got £7.73 of No 14 at 10:18 this morning. I picked up a chunk of #14 at 1018 today as well. Whoever sold then must have disposed of a pretty large chunk because it used up all the cash I had available at that time. To the 7 people who got those parts of loan #14, can I have them back please? Pretty please! With a cherry on top?  : I picked up a £1 part at 1445. Was that yours? In light of the purchase I made this morning, I'm willing to sell your £1 part back to you if you can figure out how to arrange it. PS. You should be grateful that you had £92.81 in your MLIA when you made that faux pas. If there had been no cash available you would have sold £100 of parts! 1445 - Yes, that was mine! Thanks for offering to sell it back to me - all we need is for everyone else to disable their investment targets for that loan! I was very relieved I had that £92.81 in there or else it would have turned my account into a bloodbath. There was a small sense of relief whilst I was kicking myself. For what it's worth, I did get some at 1018 as well. Bought it in the morning and sold it this afternoon ... *ahem* I picked up a chunk of #14 at 1018 today as well. Whoever sold then must have disposed of a pretty large chunk because it used up all the cash I had available at that time. Neil: I picked up a £1 part at 1445. Was that yours? In light of the purchase I made this morning, I'm willing to sell your £1 part back to you if you can figure out how to arrange it. PS. You should be grateful that you had £92.81 in your MLIA when you made that faux pas. If there had been no cash available you would have sold £100 of parts! How are you going to arrange this so that I don't grab it? I'll chuck a banana in the opposite direction to distract you! 
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oldgrumpy
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Post by oldgrumpy on Nov 4, 2014 17:56:06 GMT
One of the reasons for having earlier smaller lower interest rate loans set as "buy", (up to a limit - I usually do it by "drip-feed so not much unused money is hanging around), is so that when I want some cash fairly quickly for something else. these are the ones which can be sold pretty sharpish ... usually. Perhaps things are different now, but in the past when someone has tried to sell one of the early 6.5% LtL loans they haven't sold quickly at all. I remember one not that long ago that took something like three weeks before it finally all went. Admittedly it was a four-digit chunk for sale, but 6.5% is so much lower than anything else available now that I wouldn't expect many investors to have set targets to acquire pieces of those loans -- except, perhaps, for those investors so keen to diversify their holdings that they'll buy a bit of anything. Yes. I had a few of those last year but they have long since been sold off. I was meaning some of the smaller 9-10% loans which are quite saleable - until they stop paying up!!
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mikes1531
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Post by mikes1531 on Nov 4, 2014 17:56:31 GMT
Neil: I picked up a £1 part at 1445. Was that yours? In light of the purchase I made this morning, I'm willing to sell your £1 part back to you if you can figure out how to arrange it. How are you going to arrange this so that I don't grab it? AIUI, in the past it was possible for AC staff to manually move parts from one account to another. IIRC it was used mainly to transfer parts from one family member to another. I haven't a clue whether they still have that capability. And whether they'd be willing to do that for a £1 part between two unrelated parties is another unanswered question. But that's not my problem -- it's Neil's!
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ramblin rose
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“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Nov 4, 2014 18:14:19 GMT
AIUI, in the past it was possible for Zopa staff to manually move parts from one account to another............. Don't you think the AC system is complicated enough without allowing the inventors of TGLA to get their hands into it as well? 
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mikes1531
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Post by mikes1531 on Nov 4, 2014 18:34:03 GMT
chris: Bug/Broken Link ReportDo you know if anyone at AC is aware that the link to the live default statistics in the FAQ "What are Assetz Capital's predicted default and loss rates?" does not work? The resulting error message suggests there is a server problem and says "A report has been sent and we shall be investigating as soon as possible." But it's been that way ever since the new website went live, so perhaps the reports aren't getting through. And while on the subject of defaults, could you please arrange for whoever is in charge of the Default and Losses explanation page to amend that page to clarify what is meant when it states "In the current market we estimate future default rates to be circa 1.5%"? Does it mean that 1.5% of loans are expected to default at some time in their life? Or does it mean that 1.5% of loans are expected to default every year? When dealing with multi-year loans, the difference between those two meanings is very significant.
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mikes1531
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Post by mikes1531 on Nov 4, 2014 18:37:47 GMT
AIUI, in the past it was possible for Zopa AC staff to manually move parts from one account to another............. Don't you think the AC system is complicated enough without allowing the inventors of TGLA to get their hands into it as well? No! No!! NO!!! Anything but that! Oops! Sorry about the typo. I've amended the original now.
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Post by chris on Nov 4, 2014 18:43:59 GMT
chris: Bug/Broken Link ReportDo you know if anyone at AC is aware that the link to the live default statistics in the FAQ "What are Assetz Capital's predicted default and loss rates?" does not work? The resulting error message suggests there is a server problem and says "A report has been sent and we shall be investigating as soon as possible." But it's been that way ever since the new website went live, so perhaps the reports aren't getting through. And while on the subject of defaults, could you please arrange for whoever is in charge of the Default and Losses explanation page to amend that page to clarify what is meant when it states "In the current market we estimate future default rates to be circa 1.5%"? Does it mean that 1.5% of loans are expected to default at some time in their life? Or does it mean that 1.5% of loans are expected to default every year? When dealing with multi-year loans, the difference between those two meanings is very significant. Will pass this on
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Post by chris on Nov 4, 2014 18:47:51 GMT
How are you going to arrange this so that I don't grab it? AIUI, in the past it was possible for AC staff to manually move parts from one account to another. IIRC it was used mainly to transfer parts from one family member to another. I haven't a clue whether they still have that capability. And whether they'd be willing to do that for a £1 part between two unrelated parties is another unanswered question. But that's not my problem -- it's Neil's! This is still possible but it has to be recorded as a sale from one party to the other currently. But the admin team can arrange it so that the loan units are sold by one person to another with no chance of them being bought by someone else. I don't know if they'd do that between two unconnected parties though - I'd be surprised if they did unless there were exceptional circumstances.
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mikeb
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Post by mikeb on Nov 4, 2014 18:57:40 GMT
Does anyone else see what I'm seeing? If one tab is acting like you're logged in, do the other tabs act the same way? When one tab reverts to the login page, do the others tabs always do likewise? Yes, I see that too. I just added reload-every to more tabs, or hit "Back" to reload the broken one. Otherwise some would be logged in and some logged out, which seems a bit odd.
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Post by chris on Nov 4, 2014 19:03:18 GMT
Does anyone else see what I'm seeing? If one tab is acting like you're logged in, do the other tabs act the same way? When one tab reverts to the login page, do the others tabs always do likewise? Yes, I see that too. I just added reload-every to more tabs, or hit "Back" to reload the broken one. Otherwise some would be logged in and some logged out, which seems a bit odd. That does seem very odd. Will raise it with the guy in charge of session handling as that's not how it's supposed to work.
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Post by Ton ⓉⓞⓃ on Nov 4, 2014 23:57:32 GMT
Morning Colin, it's not that I don't like the popover sorry I mean the fixed table heading, it's more that I just don't like it...  What I mean is it's too fixed and the headings are wrong, but I do like tables as many on the forum will agree. |
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mikes1531
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Post by mikes1531 on Nov 5, 2014 0:21:45 GMT
We seem to be dealing with a bowser/device dependent display behaviour, because my display looks fine...  I'm using Firefox on a desktop monitor, and this image is from my Targeted list, scrolled down the page far enough that the floating fixed table heading has sprung into action. |
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mikes1531
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Post by mikes1531 on Nov 5, 2014 0:33:44 GMT
chris: I was cleaning my inbox and came across the 21/Oct email announcing the release of the new website. It included... I suspect the estimated timings for Phases 2 & 3 have changed somewhat. What is the current thinking?
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Post by chris on Nov 5, 2014 6:49:06 GMT
chris: I was cleaning my inbox and came across the 21/Oct email announcing the release of the new website. It included... I suspect the estimated timings for Phases 2 & 3 have changed somewhat. What is the current thinking? Phase 2 is being launched in conjunction with a third party marketing firm so the exact timings are largely down to them. It's likely to be within the next week or so but somewhat out of my hands. Phase 3 will follow a week after that, this time with the timings determined by our internal marketing team.
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