Green Energy Investment Account is live

There is one joker in the deck, though it went missing when the system was reshuffled -- selling parts at a discount.  We've been told that capability would be reinstated at some time, but we haven't been told when that might be.  That could potentially help anyone trying to sell from their MLIA, but if there are a number of underwriters also trying to sell they could be offering their parts at a discount as well -- they certainly did under the old system -- and that wouldn't help you unless you're willing to undercut them. 

With the old system you could see how many units were available at what discounts.  There's no similar function in the new system, so that would have to be added as otherwise we'd be in the dark shooting at a moving target.  I can't imagine how user discounting of parts for sale in the GEIA could be implemented when you can't even tell which units you have, much less which ones are up for sale.

And you don't have any control over what it is trying to buy. But isn't that the intention?

You deposit your funds and leave it to the system to decide how to invest them. If you want to micro manage then go with the manual system.

So what is the preferred alternative?

If you allow it to sell the loans which are in demand, you loose all the best loans and just end up with a portfolio of dros (relatively speaking).

I wasn't suggesting we should have control over what was sold, I was simply pointing out that since we have no control over or visibility of what the GEIA is attempting to sell there is no way of judging how long it might take to fulfill a withdrawal request and if the algorithm lacks any intelligence and merely picks at random it could pick the most illiquid loan in the account meaning that instead of the withdrawal request being fulfilled in moments it could take days or weeks based on my personal experience of attempting to sell unpopular loan parts in the MLIA. 

In an ideal world one would hope that the GEIA would be intelligent enough to pick the most liquid loans within the account whilst staying within the rules relating to the investments held in the account but as sl75 picked up yesterday the GEIA seems to lack even the most basic intelligence as it appears to be unable to match an existing withdrawal request with subsequent new funds from interest and capital repayments and requires lender intervention to cancel and re-raise the withdrawal request.

Hmmm. I think we have a bit of a clash of philosophies over the GEIA. As far as I understand it, it's supposed to be a fund, where you hand over your cash to AC, and they manage it for you, and give you a nearly guaranteed rate of return which would be ~2% less than what could be achieved if you micromanage the investments yourself. As such, someone investing in the GEIA shouldn't really care about the details of which loans the system picks, for purchase or for sale, as long as they get their contracted rate of return. Obviously we want to know that the system is respecting its own stated rules, but the idea of micromanaging exactly which loans you invest in, or which you disinvest from, seems inappropriate for this fund. Lenders who want that flexibility should be using the MIA. I want to invest some funds that require pretty high security in this account, and I'm just waiting for the 20% issue, the tax question, and the apparent tendency to purchase and sell shrapnel, to be sorted out. The idea of the fund is attractive, but the implementation appears still to be buggy. I do think AC have the expertise to sort this out, though, and I think we should give them a bit of space and goodwill to do so!

I think you are correct and whilst it is implicit in AC's proposition for the GEIA, to quote:

and
the timescales for decreasing one's investment should there be a lack of demand are not explicitly stated.