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Post by Ace on May 28, 2021 18:48:22 GMT
Please let us know the result. It was about 3 years ago when we established (it should be in one of the old threads) that both, settings and cash balance, are part of distribution algorithm. It would be interesting to know if this has changed to settings only. Will do. Was inconclusive today as all allocations in all 3 accounts were flat £5. Further experiments have shown that I usually do get a higher allocation in accounts with equal request sizes but higher cash balances. It does seem that the allocation depends on the amount requested and the account cash balance.
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Ukmikk
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Post by Ukmikk on Jun 1, 2021 18:29:36 GMT
Thanks to the advice here regarding withdrawing ISA funds I have somewhat reluctantly now withdrawn a significant chunk of cash from my UB account. Clearly my massive cash balance was having little effect on allocation so let's see if a merely huge cash balance still achieves similar levels. UBs claimed efforts at attracting new business appear to be bearing little fruit thus far.
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mogish
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Post by mogish on Jun 1, 2021 19:35:12 GMT
Thanks to the advice here regarding withdrawing ISA funds I have somewhat reluctantly now withdrawn a significant chunk of cash from my UB account. Clearly my massive cash balance was having little effect on allocation so let's see if a merely huge cash balance still achieves similar levels. UBs claimed efforts at attracting new business appear to be bearing little fruit thus far. My balance is neither massive or huge... in fact ive now reduced the balance to a miniscule cash £200. This had zero effect on loan amounts allocated, ie today i had 2 loans with just over a fiver lent in each. So the balance theory may prove wrong. I believe there are so little new loans available that they are being divided up to a fiver for ea lender regardless of available cash. I could be wrong.
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Post by Ace on Jun 1, 2021 19:59:01 GMT
Thanks to the advice here regarding withdrawing ISA funds I have somewhat reluctantly now withdrawn a significant chunk of cash from my UB account. Clearly my massive cash balance was having little effect on allocation so let's see if a merely huge cash balance still achieves similar levels. UBs claimed efforts at attracting new business appear to be bearing little fruit thus far. My balance is neither massive or huge... in fact ive now reduced the balance to a miniscule cash £200. This had zero effect on loan amounts allocated, ie today i had 2 loans with just over a fiver lent in each. So the balance theory may prove wrong. I believe there are so little new loans available that they are being divided up to a fiver for ea lender regardless of available cash. I could be wrong. In an account with ~£500 available (£500 requested) I was allocated £29.81 for *8817. In another account with ~£400 available (£500 requested) I was allocated £24.78 for *8817. Yet another account with ~£340 available (£100 requested) got £9.76 for *8817. So still looks like cash balance and requested amount both have some influence on the allocation.
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markyg61
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Post by markyg61 on Jun 2, 2021 14:24:18 GMT
From Wed 2nd:
£400 available, £400 requested - *C8871 Rolex YM - £31.00 £400 available, £400 requested - *C8787 Zenith Tour - £15.29
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Post by Ace on Jun 2, 2021 15:12:20 GMT
From Wed 2nd:
£400 available, £400 requested - *C8871 Rolex YM - £31.00 £400 available, £400 requested - *C8787 Zenith Tour - £15.29
Looking at loan *8871: ~£500 available, £500 requested, got £37.58. ~£360 available, £500 requested, got £28.77. ~£375 available, £100 requested, got £11.25. It seems impossible to determine the exact allocation algorithm because we have multiple transactions each day that are date stamped, but not time stamped (both purchases and repayments). So, we can't determine exactly how much cash was available when the allocation algorithm ran.
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mogish
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Post by mogish on Jun 9, 2021 20:21:34 GMT
From Wed 2nd:
£400 available, £400 requested - *C8871 Rolex YM - £31.00 £400 available, £400 requested - *C8787 Zenith Tour - £15.29
Looking at loan *8871: ~£500 available, £500 requested, got £37.58. ~£360 available, £500 requested, got £28.77. ~£375 available, £100 requested, got £11.25. It seems impossible to determine the exact allocation algorithm because we have multiple transactions each day that are date stamped, but not time stamped (both purchases and repayments). So, we can't determine exactly how much cash was available when the allocation algorithm ran. What is meant by £xxx requested? I use autolend... is there another way to lend funds? After my last post i withdrew some cash, now its back to the previous balance! The returns are great, just want yo lend more than a fiver st a time!
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mogish
Member of DD Central
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Post by mogish on Jun 9, 2021 20:31:20 GMT
Just tried the manual buy button. Never looked at it before. Requested amount now fully understood.
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Post by Ace on Jun 9, 2021 20:33:26 GMT
Looking at loan *8871: ~£500 available, £500 requested, got £37.58. ~£360 available, £500 requested, got £28.77. ~£375 available, £100 requested, got £11.25. It seems impossible to determine the exact allocation algorithm because we have multiple transactions each day that are date stamped, but not time stamped (both purchases and repayments). So, we can't determine exactly how much cash was available when the allocation algorithm ran. What is meant by £xxx requested? I use autolend... is there another way to lend funds? After my last post i withdrew some cash, now its back to the previous balance! The returns are great, just want yo lend more than a fiver st a time! By stating £500 requested I meant that I had set the maximum investment per loan for that loan type in the autolend settings to £500.
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mogish
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Post by mogish on Jun 24, 2021 10:19:05 GMT
Cash drag seems to be worsening. Now at 15% , do you think this is a general market snapshot or increasing competition from the likes of CL?
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Post by Ace on Jun 24, 2021 10:34:14 GMT
Cash drag seems to be worsening. Now at 15% , do you think this is a general market snapshot or increasing competition from the likes of CL? The 3 accounts I reported on at the start of this thread (19th May) had 7%, 9% and 10% cash. They now have 4%, 5% and 6% cash. So things have improved a bit for me. I think it tends to vary quite a lot as large repayments come in and as I manage to assign the odd manual pledge. Generally it keeps ticking over satisfactorily for me.
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Post by df on Jun 24, 2021 11:33:50 GMT
Cash drag seems to be worsening. Now at 15% , do you think this is a general market snapshot or increasing competition from the likes of CL? General market conditions, I think. There's not much competition from CL (15 loans in 4 months).
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Post by overthehill on Sept 10, 2021 20:54:46 GMT
Has it been that long ? 7 months I've been trying to get around 5-6k invested, still only half way there and I seem to have reached an undulating plateau.
Has anybody managed to buy something on the secondary market ? Yes there is one apparently.
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Post by Ace on Sept 10, 2021 21:32:09 GMT
Has it been that long ? 7 months I've been trying to get around 5-6k invested, still only half way there and I seem to have reached an undulating plateau.
Has anybody managed to buy something on the secondary market ? Yes there is one apparently.
Since the majority of the loans are for 6 months you will presumably be receiving paybacks from your early loans now, which could be the main contributor to the plateau. I haven't knowingly bought loans on the SM, but I don't know if it would be apparent. If the SM loans are distributed via the same mechanism as the primary market then I probably wouldn't have noticed. I don't pay much attention to which loans I'm purchasing as I don't have control over which loans I'm allocated, other than being able to switch off specific loan types. I have a couple of accounts with mid 4 figures that seem to keep fairly fully invested, though they do have occasional dips to around 90% deployed when large repayments come in. They were both built up to their present sums over fairly long periods. I have a £2k ISA transfer inbound to one of the accounts, so it will be interesting to see how long it takes to deploy those funds. I think that the main driver for getting funds deployed is the amount that you are prepared to invest in each loan type.
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Post by geofft on Oct 17, 2021 8:20:24 GMT
Hi all, I'm looking to diversify my p2p investments a little more (feel I have my fill of property based platforms) so Unbolted is looking attractive as an alternative.
Just wondered what the current cash drag situation is with them? I'm a rather lazy investor and would be looking at the autolend option, probably feeding cash in in £1k chunks. I wouldn't expect the cash to be lent out overnight but equally I wouldn't relish seeing it languish for extended periods earning nothing.
So how's it looking at the moment? Ok with a little patience, or maybe look elsewhere?
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