bigfoot12
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Post by bigfoot12 on Dec 8, 2014 17:53:00 GMT
So not withdrawing capital and interest repayments?
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Post by batchoy on Dec 8, 2014 17:54:26 GMT
Logged in to find that there is no money awaiting investment on my GEIA, however the total investment has dropped from £17.94 to £17.77.
@ 17:26 the GEIA used the uninvested funds to purchase £0.17 of Montrose
@ 17:29 the GEIA sold £0.17 of Montrose then due to the withdrawal bug transferred the funds to my CA
Awaiting Investment: £0.00
Currently Invested:£17.77
Total Investment: £17.77
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mikes1531
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Post by mikes1531 on Dec 8, 2014 18:04:55 GMT
After initially investing £200 I now have £195.81 total investment with (finally) £0.00 awaiting investment. The problem is that I have only withdrawn interest payments. I can't see the missing £4.19 anywhere. Within the last hour, the remaining 35p I've had sitting idle in my GEIA finally have been invested for me. Hallelujah! I presume this means we've had an update to the loan part purchasing algorithm, but I've seen no announcement of that yet. I don't have a problem like what baz657 has reported, but my GEIA is set to reinvest repayments. Having contributed £20, my balance is now £20.02 because of interest earned, including another 0.18900p credited from Cor***** WT today.
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star dust
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Post by star dust on Dec 8, 2014 20:21:26 GMT
Unlike batchoy, my GEIA hasn't sold anything since 3rd December. I was assuming the bug had been fixed, and was thinking if it remained the same tomorrow I might top it back up to £10 and see what happens, especially as there seem to be some reports of the accounts finally fully investing. |
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shimself
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Post by shimself on Dec 8, 2014 21:09:31 GMT
After initially investing £200 I now have £195.81 total investment with (finally) £0.00 awaiting investment. The problem is that I have only withdrawn interest payments. I can't see the missing £4.19 anywhere. If you export to excel and then calculate the investment does it add up to 195.81, or 200?
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baz657
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Post by baz657 on Dec 8, 2014 23:48:00 GMT
If you export to excel and then calculate the investment does it add up to 195.81, or 200? £199.9515755804 I didn't think of looking on a spreadsheet. That's excluding a provision fund payment (0.0122241935) and interest payments to my cash account (0.0243778471). There have been no capital repayments. At least the excel figure is only 5p out and not the almost fiver as shown on my dashboard.
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shimself
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Post by shimself on Dec 9, 2014 0:00:47 GMT
If you export to excel and then calculate the investment does it add up to 195.81, or 200? £199.9515755804 I didn't think of looking on a spreadsheet. That's excluding a provision fund payment (0.0122241935) and interest payments to my cash account (0.0243778471). There have been no capital repayments. At least the excel figure is only 5p out and not the almost fiver as shown on my dashboard. Would you mind emailing support and teling them you have the same problem as I do (I don't have a ticket number but the title is green energy account bad figures)Thanks
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baz657
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Post by baz657 on Dec 9, 2014 0:02:02 GMT
I'll do it in the morning.
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Post by westcountryfunder on Dec 9, 2014 9:21:49 GMT
Out of interest, has anyone invested more than £200 into the Green fund? If so how does your total investment compare? No need to divulge the total, but if you could indicate whether or not the total not invested is of the order of 1%, or is it of the order 20p? £167.34 uninvested out of £2000. Rather too much, but not at all sure what to make of it. Fabulous amount 11p invested today in Burnley WT. No other actions today. Just an update. The above position persisted all weekend except for a few tens of pence invested occasionally. However, by this morning (Tuesday) the exact amount I have put into GEIA has been invested. So it appears something has been adjusted to make this happen. Long may it continue!
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Vero
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Post by Vero on Dec 9, 2014 9:45:25 GMT
GEIA update: (mikes1531)
£58.73 still awaiting withdrawal at 9 December
Previous positions:
£58.79 on 5 December - so £0.06 sold in 4 days
£62.35 on 27 November - so £3.56 sold in 8 days
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baz657
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Post by baz657 on Dec 9, 2014 16:47:37 GMT
Had a reply from AC (thanks Dominic ) and it looks like my "problem" was caused by the Falmouth WT and where the part-repayments went (in my case, my cash account). |
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sl75
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Post by sl75 on Dec 10, 2014 21:07:09 GMT
The current state now demonstrates a clear bug in the handling of the withdrawal targets, as I now see: £0.56 Awaiting Withdrawal £1.34 Awaiting Investment The cash remains obviously available to fulfil the remaining £0.56 of withdrawal, and yet the withdrawal does not occur. Shortly after that post, I had a couple of small sales of loan units, which triggered a withdrawal, but only of the amount sold. I've also had several small repayments including a repayment of £0.12 today, none of which have triggered a withdrawal (except for one from Fa***** WT, but I think that one was a bug, as it triggered withdrawals for everyone!), and in the meantime none of the "Awaiting investment" cash has actually been invested. As of today I have £0.33 Awaiting Withdrawal £1.57 Awaiting Investment Some of the withdrawals have been for non-round amounts, so obviously the displayed £0.33 is truncated even though it doesn't give any more precision on hover-over. I cannot think of any good reason why the GEIA should not be able to automatically resolve that situation by withdrawing the remaining £0.33xxxxxx of the withdrawal target and then investing the pound or so of spare cash in the account. I could of course resolve this myself by cancelling the withdrawal target and entering a new one, but that would knock the fractional pennies further out of balance... and I'd guess the problem would go away for now if my GEIA were to randomly decide to sell £0.33 of something... I'm surprised it's lasted this long already to be honest. Did anyone else see the same when they tried to remove funds from the GEIA? Did chris explain this behaviour anywhere?
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Post by mrclondon on Dec 12, 2014 17:49:42 GMT
I've just realised my understanding of the Opt-Out functionality is wrong. (I'm using this to flag loans I simply don't want to be a part of ever as a visual reminder).
When you select "Opt Out of this loan" on a given loan, the pop-up text states
" ... applies to bespoke investment accounts only. By opting-out of this loan, automatic investment will be prevented, and any current investment will attempt to be sold unless you manually permit investment again."
i.e. the opt out does NOT apply to the GEIA.
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baz657
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Post by baz657 on Dec 12, 2014 17:52:48 GMT
i.e. the opt out does NOT apply to the GEIA. As far as I understood, you the investor had no choice - if AC decided it was "Green" it was fair game.
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Post by geoffrey on Dec 13, 2014 9:29:03 GMT
My daughter invested £560 in the GEIA yesterday (Friday) afternoon, and within 10 minutes it was all fully invested across a range of companies, though the statement shows that some parts were bought and sold for a few hours afterwards. So it seems the algorithm has been tweaked now to achieve full investment fairly quickly and to do some post-investment rebalancing. Although it's fairly evenly distributed, she has, as of today, ended up with £126.33 of Carm*****shire, and £117.60 each of Mo***ose and Aber****shire, i.e. slightly more than 20% (£112), and significantly less of some others, so the algorithm is not perfect. This is just of academic interest as far as I'm concerned, but I guess the "proposition" for the GEIA is a little ambiguous in that it states that "20% cap per loan is the minimum diversification the system will achieve for you" (in parentheses), while also stating that where only 5 companies are available for investment "the account will aim to purchase approximately 20% of each loan" (not in parentheses, and my emphasis). chris may want to review whether the system is functioning within the parameters laid down by Assetz. |
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