sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,428 
Likes: 1,212
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Post by sqh on Nov 4, 2014 15:12:57 GMT
It's clear there was no analysis of how investors were using the old site before the new site was implemented. It's also clear that the developers' testing (assuming there was any) was inadequate. It's all very much a dog's dinner, and to make things worse, AC are now playing investors off against the developers, instead of accepting responsibility for the mess and sorting things out to investors' satisfaction. Here's an example of the madness: Interest and capital repayment loans act to effectively increase the investment targets for such loans, resulting in the system purchasing tiny loan units to make up the difference instead of making the repayments available for new investments - suddenly previous manual investment decisions have been replaced with automatic system. Several people have suggested the way around this is to make sure the 'On repayment' option is set to 'Withdraw repayments'; apparently this will move repayments into your Cash Account. But supposing I wanted to purchase £500-worth of loan units in an upcoming loan which has an imminent drawdown? I'll need to move £500 from my cash account into my so-called manual investment account to underwrite a target investment of £500 I've set for that loan. The snag is that the system immediately sees that £500 as available for investment in other loans where the target investment is higher than the current holding, and before you know it your £500 starts disappearing... As I see it, the only way currently around this is for the investor to constantly re-adjust target investment amounts so they match current holding. Madness! AC owe us all an apology. You are correct, but with eight loans in default and two others owing pre-drawdown interest I don't want to be too critical. Personally, I think the removal of discounted loan parts on the aftermarket is the biggest loss, and I am worried it won't go smoothly when it gets re-introduced on the new software. Overall a classic case of, "Don't fix it if it isn't broken" and "Keep it Simple".
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Post by pepperpot on Nov 4, 2014 16:34:22 GMT
Ta-Da. New shiny button just arrived, 'My Investment Target' Enabled/ Disabled
OOOOh, AAAAh (just practicing for tomorrow night  )
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oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
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Post by oldgrumpy on Nov 4, 2014 16:36:32 GMT
Wheeeeeeeeeeeeeee!!! I'll try it tomorrow when a few people say it does what it says on the tin.  PS - thank you AC. |
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Post by batchoy on Nov 4, 2014 16:56:23 GMT
Ta-Da. New shiny button just arrived, 'My Investment Target' Enabled/ Disabled
OOOOh, AAAAh (just practicing for tomorrow night )
Another few hours to be wasted Disabling investment targets that should never have legally been enabled in the first place without my express consent. 
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Post by pepperpot on Nov 4, 2014 17:03:23 GMT
I just disabled my target for 'ackney, then increased the target by £1 (only 1 in case it re-enabled the target) and nothing happened. Then a further increase of £100, and still nothing. Thumbs up! It seems the tin label is telling the truth. |
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Post by pepperpot on Nov 4, 2014 17:07:33 GMT
Ta-Da. New shiny button just arrived, 'My Investment Target' Enabled/ Disabled
OOOOh, AAAAh (just practicing for tomorrow night )
Another few hours to be wasted Disabling investment targets that should never have legally been enabled in the first place without my express consent. Absolutely agree, it shouldn't have happened in the first place. But the fix is here and surely it should only be a couple of minutes of disabling unless there's decisions on which to and not to. Edit: ahh, unless you mean originally doing it manually before the fix...
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
Posts: 1,370
Likes: 857
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Post by ramblin rose on Nov 4, 2014 17:24:07 GMT
Ta-Da. New shiny button just arrived, 'My Investment Target' Enabled/ Disabled
OOOOh, AAAAh (just practicing for tomorrow night )
Another few hours to be wasted Disabling investment targets that should never have legally been enabled in the first place without my express consent. I think batchoy must have had a bad day - I'm not exactly known round here for keeping my grievances to myself, but I think even I might have accepted it with a little better grace if I'd just been given what I asked for 
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Post by Jack Barlow on Nov 4, 2014 17:45:43 GMT
I'm pleased with the way this option has been implemented. Nice and clear. We're still waiting for the universal override switch to allow the auto-reinvest settings to be temporarily ignored while transferring new money into the MLIA to buy a specific loan that's just become available to purchase. But hopefully that's on its way. chris/ Colin? EDIT: Thinking about it you'd still need some way of telling the system to invest the cash in the particular loan you have your eye on. Perhaps there could be a setting that allows you to prioritise one loan above all the others for auto-reinvestment. A universal over-ride wouldn't then be necessary. |
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Post by chris on Nov 4, 2014 17:58:16 GMT
I'm pleased with the way this option has been implemented. Nice and clear. We're still waiting for the universal override switch to allow the auto-reinvest settings to be temporarily ignored while transferring new money into the MLIA to buy a specific loan that's just become available to purchase. But hopefully that's on it's way. chris/ Colin? EDIT: Thinking about it you'd still need some way of telling the system to invest the cash in the particular loan you have your eye on. Perhaps there could be a setting that allows you to prioritise one loan above all the others for auto-reinvestment. A universal over-ride wouldn't then be necessary. Sounds like that would get complicated, although I understand what you're trying to do. I'll have a think.
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Post by batchoy on Nov 4, 2014 18:24:55 GMT
Another few hours to be wasted Disabling investment targets that should never have legally been enabled in the first place without my express consent. I think batchoy must have had a bad day - I'm not exactly known round here for keeping my grievances to myself, but I think even I might have accepted it with a little better grace if I'd just been given what I asked for Not a bad day, I'm just pi$$ed off with amateurish way AC are operating. OK I can now disable investment targets, but they weren't enabled in the first place and the button has been implemented with the default enabled so I have now got to waste my time going through disabling investment targets across my loan book, so why should I be happy and thanking people for partially correcting something they got wrong in the first place and are going to mess up again in a few weeks time if Chris' announcements are to be believed.
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Post by Come_on_Grandad on Nov 4, 2014 18:42:49 GMT
Ta-Da. New shiny button just arrived, 'My Investment Target' Enabled/ Disabled
OOOOh, AAAAh (just practicing for tomorrow night )
Another few hours to be wasted Disabling investment targets that should never have legally been enabled in the first place without my express consent. Surely you only need to disable those loans where you wish to respect the amortization at pay day. In which case your only urgent activity is for auction id 40 (K**e) which is scheduled for tomorrow.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329
Likes: 11,549
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Post by ilmoro on Nov 4, 2014 18:57:33 GMT
Pub, pint, tablet, relevant loans now disabled. Fantastic. Nice one chris. |
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Post by chris on Nov 4, 2014 19:01:11 GMT
I think batchoy must have had a bad day - I'm not exactly known round here for keeping my grievances to myself, but I think even I might have accepted it with a little better grace if I'd just been given what I asked for Not a bad day, I'm just pi$$ed off with amateurish way AC are operating. OK I can now disable investment targets, but they weren't enabled in the first place and the button has been implemented with the default enabled so I have now got to waste my time going through disabling investment targets across my loan book, so why should I be happy and thanking people for partially correcting something they got wrong in the first place and are going to mess up again in a few weeks time if Chris' announcements are to be believed. How much flak would I get if I just shut down everyone's investment targets and nothing was invested until they turned them back on? And now we're even being criticised for things that haven't even happened yet  You want yours to all be shut down then PM me your email address and I'll do it for you.
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mikeb
Posts: 1,072
Likes: 472
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Post by mikeb on Nov 4, 2014 19:08:56 GMT
Ta-Da. New shiny button just arrived, 'My Investment Target' Enabled/ Disabled
But I also see the "Opt Out" button is back on the browse-your-loans table. Intentional, or has it escaped again? Do not confuse with stopping the AI
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mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
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Post by mikes1531 on Nov 4, 2014 20:06:40 GMT
Are you sure it had disappeared at some point? I didn't notice that, and my list of opted-out loans hasn't changed.
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