gt94sss2
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Post by gt94sss2 on Jan 14, 2015 16:10:16 GMT
I have just joined Assetz Capital and subscribed £100 to the GEIA as a test as the concept of a provision fund appeals to me despite the lower interest rate.
However, I really don't understand the way the site has purchased by units. Of the £100, I have £1.25 uninvested.
Of the sums invested:
I can understand the first 4 transactions for £20 each, but am not sure why the other 4 for £10, £5, £2.50 and £1.25 each took place or why I have £1.25 uninvested.
Surely they should either invest £25 in 4 firms (or £20 if trying for 5 firms)?
Looking at the available units the manual site have Pxxxxxxxx WT units (#145) available but they are not being purchased?
Also, if anyone is reading this from AC could it be possible to allow users to control the amount of time on the site before being forced to login again.
Thanks
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niceguy37
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Post by niceguy37 on Jan 14, 2015 17:26:50 GMT
It looks like the investment algorithm has been improved, to now buy up 20% of the investment, and then remaining balance is used up 50% of remaining balance at a time on each loan in turn, at a guess until the balance would be less than £1.
That's certainly better the original algorithm.
I've no idea why loan#145 P************ is being ignored.
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mikes1531
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Post by mikes1531 on Jan 14, 2015 17:46:31 GMT
I've no idea why loan#145 P************ is being ignored. My guess would be that there are flags set in the system somewhere that indicate which loans are eligible for GEIA investment, and that those were set when the GEIA became available and have subsequently been forgotten about. Loan #145 became available more recently than that, so probably hasn't been added to the eligible list yet. chris: Am I close? 
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Post by chris on Jan 14, 2015 17:50:12 GMT
I've no idea why loan#145 P************ is being ignored. My guess would be that there are flags set in the system somewhere that indicate which loans are eligible for GEIA investment, and that those were set when the GEIA became available and have subsequently been forgotten about. Loan #145 became available more recently than that, so probably hasn't been added to the eligible list yet. chris: Am I close? On my mobile so can't check - if that's the loan that had retained tax then yes it was manually excluded as we didn't have clarity on how the retained tax would interact with the provision fund. Will see about getting it added back in (out the office for the next two days so may be couple of days).
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mikes1531
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Post by mikes1531 on Jan 14, 2015 18:40:06 GMT
My guess would be that there are flags set in the system somewhere that indicate which loans are eligible for GEIA investment, and that those were set when the GEIA became available and have subsequently been forgotten about. Loan #145 became available more recently than that, so probably hasn't been added to the eligible list yet. chris: Am I close? On my mobile so can't check - if that's the loan that had retained tax then yes it was manually excluded as we didn't have clarity on how the retained tax would interact with the provision fund. Will see about getting it added back in (out the office for the next two days so may be couple of days). : Nope. Loan #145 is a seemingly straightforward WT project that drew down on 22/Dec. The loan with the issue of tax retention was the WT project portfolio, #143. There's no hurry to reinstate GEIA eligibility for #143 because trading of it on the Aftermarket still is suspended. And speaking of #143, on 29/Dec AC said... That was over two weeks ago, and I presume Aftermarket sales will remain suspended until that is sorted. Do you know where that fix stands, and roughly when that loan might be able to get back to 'normal'?
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sl75
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Post by sl75 on Jan 14, 2015 18:41:53 GMT
It looks like the investment algorithm has been improved, to now buy up 20% of the investment, and then remaining balance is used up 50% of remaining balance at a time on each loan in turn, at a guess until the balance would be less than £1. That's certainly better the original algorithm. It's still broken though - it's invested more than 20% in a single loan, contrary to the specification of how the account is supposed to operate. The correct behaviour according to specification would be to have invested £20 in each of the 4 loans with units immediately available, and then keep trying to buy up to £20 of any of the other WT loans as and when units become available. This also highlights something else that confuses me... I (and many other investors beta-testing the GEIA on the live site) have exposure to 9 different loans within my GEIA. As only 4 of these appear immediately available right now, the GEIA should have absolutely no trouble meeting a modest withdrawal target - simply sell units of the loans that were widely-available at the time I was first investing, and are no longer widely available. I've now tried setting a substantial withdrawal target to see if this provokes the GEIA into some kind of action. Several minutes later, not a sausage... and the "browse loans" section still shows no availability whatsoever of several loans that my GEIA should be trying to sell for me in order to meet that withdrawal target.
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Post by mrclondon on Jan 14, 2015 20:06:27 GMT
and the "browse loans" section still shows no availability whatsoever of several loans that my GEIA should be trying to sell for me in order to meet that withdrawal target. I don't think we can see our own loan parts that are for sale via browse loans, i.e. the total available is the total of others' parts.
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Post by pepperpot on Jan 14, 2015 20:28:39 GMT
Usually anything put up for sale that has 'demand' sells inside 30 seconds. From sl75 post, "several minutes later", that didn't appear to have happened. WT's that I can see currently for sale (20:29pm 14/01) #145 - £2,044.43 #127 - £13,692.35 #112 - £568,265.09 #93 - £211,845.45 |
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sl75
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Post by sl75 on Jan 14, 2015 21:58:16 GMT
Usually anything put up for sale that has 'demand' sells inside 30 seconds. Quite... and given the trouble that others have reported in trying to reduce or completely sell out their GEIA balance, it seems clear that the system is broken and simply isn't making any meaningful attempt to sell loan units to fulfil withdrawal targets. Whilst this had previously been blamed on lack of demand, we can now clearly see several WT loans completely sold out, and yet the GEIA still doesn't sell them to fulfil that demand (including demand from incoming GEIA investors).
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mikes1531
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Post by mikes1531 on Jan 14, 2015 22:12:07 GMT
and the "browse loans" section still shows no availability whatsoever of several loans that my GEIA should be trying to sell for me in order to meet that withdrawal target. I don't think we can see our own loan parts that are for sale via browse loans, i.e. the total available is the total of others' parts. Do we know whether this applies to parts put up for sale via the GEIA? I suppose one way to test this would be for two people to make note at the same time of the amounts they can see available for sale on the Aftermarket -- one who has no targets that are less than their holdings, and someone like sl75 when he had set a withdrawal target. (The best time to choose would be between 0000 and 0500 when the Aftermarket is not operating.) If they both see the same amounts available, then either the system is not showing only parts available from others -- or the system hasn't put any parts up for sale despite the withdrawal target being set. How can we tell the difference between those two possibilities?
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Post by geoffrey on Jan 15, 2015 11:55:34 GMT
I've been investing about £560 every fortnight into the GEIA, and each time I increase the investment, the entire balance gets invested within about 60 seconds. I'm not left with small uninvested amounts. Those of you experimenting with small sums in the GEIA, I wonder if the system isn't optimized for small sums, and works best with larger chunks. Of course I'm talking about investment here, not disinvestment.
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tonyr
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Post by tonyr on Jan 15, 2015 12:31:15 GMT
Oh look! Some major bug just got fixed!
I'm trying to buy North L*ian WT and I'd get the occassional chunk but at 11:32 today I've started to get a huge stream of very small chunks - each pence or a few pounds and I've got six pages of these.
So I guess the Green account can now sell.
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Post by chris on Jan 15, 2015 12:56:09 GMT
Oh look! Some major bug just got fixed! I'm trying to buy North L*ian WT and I'd get the occassional chunk but at 11:32 today I've started to get a huge stream of very small chunks - each pence or a few pounds and I've got six pages of these. So I guess the Green account can now sell. There've been no changes to the code. I'm in a board meeting so I can't investigate very easily, but will try and take a look over the next couple of days to understand if there was a problem and if so what it was.
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mikes1531
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Post by mikes1531 on Jan 15, 2015 13:01:52 GMT
Oh look! Some major bug just got fixed! I'm trying to buy North L*ian WT and I'd get the occassional chunk but at 11:32 today I've started to get a huge stream of very small chunks - each pence or a few pounds and I've got six pages of these. So I guess the Green account can now sell. Perhaps. But I've been seeing weird things happening as I've been selling some of that loan today. First, I offered £100 for sale, and £96.79 of it was sold to more than 20 buyers. The remaining £3.21 sat waiting to sell. And I can't believe that every one of the 20+ buyers either ran out of funds or hit their targets, especially as at least ten of them bought £5.38 each. Then I offered another £100 for sale. It went quickly as well -- but I still was left with a target £3.21 below my holding! I offered a few more units, £100 at a time, and those sold promptly as well. But at the same time I was selling those, I was noticing that units were for sale from other lenders, and those don't seem to have been shifting at all. For instance, the system was showing some amount of units available, say £121.48, when I offered mine for sale, and still showing £121.48 for sale after my units had been shrapnelised and sold. I can't be sure that the £121.48 for sale both before and after my sale was the same £121.48, of course, but it sure does look suspicious. The other odd thing that happened to me today was on Loan #121. Some time ago I had tried to sell some and was successful for the most part. I was left with a target of £100 and a holding of £100.54 when the dust settled. And that's the way it sat for what probably was a few weeks. (I can't tell exactly without searching through pages and pages of statements.) Anyway, today AutoInvest sold the 54p I wanted to sell -- along with the rest of my holding! I'm now left with a £100 target and a holding of nil!  What is going on? PS. Right now, more than an hour after the issue first appeared, my NLWT holding still is £3.21 above my target. There appear to be no other NLWT units for sale, and my £3.21 part is going nowhere. Is it even for sale? Does anyone else see it as available?
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Post by pepperpot on Jan 15, 2015 13:15:57 GMT
PS. Right now, more than an hour after the issue first appeared, my NLWT holding still is £3.21 above my target. There appear to be no other NLWT units for sale, and my £3.21 part is going nowhere. Is it even for sale? Does anyone else see it as available? No North L*thian for sale on my screen.
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