shimself
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Post by shimself on Mar 12, 2018 11:38:33 GMT
I just managed to place a sell instruction on an upcoming loan, which should be impossible. I promise I will try to improve
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amphoria
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Post by amphoria on Mar 12, 2018 12:23:25 GMT
On the Browse Loans screen there are two tabs Invested and Not Invested. The Invested tab shows all loans that I am invested in in the MLA. The Not Invested tab appears to show all loans that I am not invested in in the MLA, GBBA and PSA combined. It seems to me that the Invested tab would be more useful if it showed the inverse of this, ie. all loans that I am invested in in the MLA, GBBA and PSA. If I need to know the loans that I am invested in in the MLA, I can already get this from the Browse My Loans screen.
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Steerpike
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Post by Steerpike on Mar 12, 2018 12:38:55 GMT
On the Browse Loans screen there are two tabs Invested and Not Invested. The Invested tab shows all loans that I am invested in in the MLA. The Not Invested tab appears to show all loans that I am not invested in in the MLA, GBBA and PSA combined. It seems to me that the Invested tab would be more useful if it showed the inverse of this, ie. all loans that I am invested in in the MLA, GBBA and PSA. If I need to know the loans that I am invested in in the MLA, I can already get this from the Browse My Loans screen. Except the two screens display different information.
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niceguy37
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Post by niceguy37 on Mar 16, 2018 16:29:09 GMT
chris could we please have a section in our account set up where we can opt for emails in the event of a loan repayment greater than £x or x% of account holding, or if our cash / QAA balance goes above a certain level please? Then we'd know we need to log on and deploy our funds.
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dave
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Post by dave on Mar 26, 2018 20:18:33 GMT
Could I have a button I could click somewhere, to stop me accidently adding any funds to the ifisa in FY18/19 ?
(I intend to use next years allowance elsewhere for diversity reasons, but still add funds to my "normal" account, and manage both)
Dave
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Post by Ton ⓉⓞⓃ on Apr 1, 2018 9:36:12 GMT
I just managed to place a sell instruction on an upcoming loan, which should be impossible. I promise I will try to improve I do just that, I put sell instuctions on Upcoming Loans and others that I don't want, I find that handy. If they remove the function that allows you to put a Sell Instruction against something you don't own then I want some clear way to say to myself "Don't Invest in this one" i do put a reason why in the notes area normally.
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niceguy37
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Post by niceguy37 on Apr 5, 2018 9:48:52 GMT
chris May I suggest that you consider adding a user-configurable maximum percentage of a single loan that the GBBA will buy or exchange? I appreciate that this may slow down investment of new funds, but I think that many lenders would be much happier being able to set maximums loan holdings. I imagine ranges of 0.5 to 2% would be popular. Then it would be up to individual lenders to set the maximum proportion of their loan holdings in any given account, and if they really want high levels of diversification then it will take longer to get fully invested. The lender could either just leave their idle funds swept into the QAA, or else drip feed in chunks of cash to keep a supply of ready money for when loan parts become available. I realise that this change would mean that for existing lenders it will initially take slightly longer for our larger holdings to be diluted by sales to new lenders, but I think it would be very popular overall, bringing in a lot more money, which in turn will facilitate AC making more loans and thus enabling better diversification.
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misscas
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Post by misscas on Apr 5, 2018 13:16:33 GMT
chris May I suggest that you consider adding a user-configurable maximum percentage of a single loan that the GBBA will buy or exchange? I appreciate that this may slow down investment of new funds, but I think that many lenders would be much happier being able to set maximums loan holdings. I imagine ranges of 0.5 to 2% would be popular. Then it would be up to individual lenders to set the maximum proportion of their loan holdings in any given account, and if they really want high levels of diversification then it will take longer to get fully invested. The lender could either just leave their idle funds swept into the QAA, or else drip feed in chunks of cash to keep a supply of ready money for when loan parts become available. I realise that this change would mean that for existing lenders it will initially take slightly longer for our larger holdings to be diluted by sales to new lenders, but I think it would be very popular overall, bringing in a lot more money, which in turn will facilitate AC making more loans and thus enabling better diversification. I would like this too but Chris's post on another thread suggests it is unlikely for the time being. p2pindependentforum.com/post/258960
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cb25
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Post by cb25 on Apr 5, 2018 13:26:52 GMT
Perhaps AC should reduce the maximum loan size they offer if they can't get sufficient diversification of lenders' funds.
The way loan 227 is going, could be a real mess - its potential impact on the PF and on lenders (with massive over allocation to 227)
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Post by chris on Apr 5, 2018 14:06:55 GMT
chris May I suggest that you consider adding a user-configurable maximum percentage of a single loan that the GBBA will buy or exchange? I appreciate that this may slow down investment of new funds, but I think that many lenders would be much happier being able to set maximums loan holdings. I imagine ranges of 0.5 to 2% would be popular. Then it would be up to individual lenders to set the maximum proportion of their loan holdings in any given account, and if they really want high levels of diversification then it will take longer to get fully invested. The lender could either just leave their idle funds swept into the QAA, or else drip feed in chunks of cash to keep a supply of ready money for when loan parts become available. I realise that this change would mean that for existing lenders it will initially take slightly longer for our larger holdings to be diluted by sales to new lenders, but I think it would be very popular overall, bringing in a lot more money, which in turn will facilitate AC making more loans and thus enabling better diversification. I would like this too but Chris's post on another thread suggests it is unlikely for the time being. p2pindependentforum.com/post/258960There have been 30 loans so far this year that fit the GBBA2 lending criteria. Even at 2% per loan and presuming you can get a full slice invested in each it would take ~5 months to fully deploy your cash. At 0.5% diversification it would be ~20 months. So whilst such a setting would work in times like now where there are a wide variety of loans available on the aftermarket it wouldn't work well at all when the market is tilted in the other direction and you are reliant on new loans being drawn to deploy funds. Instead the chosen strategy is to deploy new funds into whatever loans are available at that point in time and then to diversify everyone across all the loans in the account. That works to everyone's benefit in the long term as eventually everyone becomes very well diversified. The next algorithm will have account wide investment limits in individual loans which will aid with this, and I'm currently pondering a tweak to the diversification algorithm that will prevent new accounts becoming too overloaded in existing loans. But I don't think individual settings will work as well as people expect across the full range of market conditions. If you want to take a different approach to those prescribed accounts then we are working on some new MLA based tools that may help a bit, with fully bespoke investment accounts hopefully coming in the second half of the year (other time pressures allowing).
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misscas
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Post by misscas on Apr 5, 2018 15:19:53 GMT
Thanks for your comments. I do accept diversification is difficult and the drawbacks of simple % limits would not suit the majority. I will await with interest the new MLA tools you mention and in particular fully bespoke investment accounts
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jjc
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Post by jjc on Apr 10, 2018 12:41:52 GMT
chris, for buy/sell instructions we've set to activate at a certain date (or on a monitoring or credit event) could we have this date/event added to the "Your Instruction" column on Browse Loans? At the moment the instruction shows as a red/green one that is impossible to distinguish from a live one. Even colouring it in a new colour (eg blue) would be a step forward, though not ideal as still means we need to go into the loan to see what the instruction is. Would be useful to have all these "conditioned instructions" easily viewable on Browse Loans in one glance if poss, thanks for anything you can do.
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niceguy37
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Post by niceguy37 on Apr 12, 2018 8:54:20 GMT
chris Please could the system record the account details (account holder's name, account number, sort code, default reference?) so we don't have to type it in? I think it would be helpful if this was the account that funds originated from, as a security precaution, and only changeable by AC themselves in exceptional circumstances. As it stands if someone can log into my account they can easily sell up and withdraw the lot to any account they like.
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m2btj
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Post by m2btj on Apr 12, 2018 9:05:27 GMT
chris Please could the system record the account details (account holder's name, account number, sort code, default reference?) so we don't have to type it in? I think it would be helpful if this was the account that funds originated from, as a security precaution, and only changeable by AC themselves in exceptional circumstances. As it stands if someone can log into my account they can easily sell up and withdraw the lot to any account they like. I would certainly like a 'linked account' for withdrawals & deposits. The current option gives an opportunity for funds to be sent to any bank account as long as the password is known.
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Post by chris on Apr 12, 2018 9:38:21 GMT
chris Please could the system record the account details (account holder's name, account number, sort code, default reference?) so we don't have to type it in? I think it would be helpful if this was the account that funds originated from, as a security precaution, and only changeable by AC themselves in exceptional circumstances. As it stands if someone can log into my account they can easily sell up and withdraw the lot to any account they like. I would certainly like a 'linked account' for withdrawals & deposits. The current option gives an opportunity for funds to be sent to any bank account as long as the password is known. Designated bank accounts is a feature that should be live within the next handful of weeks. It's coded just undergoing wider testing.
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