ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,315 
Likes: 11,523
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Post by ilmoro on Sept 6, 2023 20:20:38 GMT
Anyones cash drag improved? I'm still around 8% sitting idle, made 2 withdrawals recently or it would've been worse. Either a big influx of investors or serious drop of in business. Pity as i like UB. Still Chumbawumba for me (It comes out, it goes back in again, never any cash drag around) 
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Post by Ace on Sept 6, 2023 20:42:27 GMT
Anyones cash drag improved? I'm still around 8% sitting idle, made 2 withdrawals recently or it would've been worse. Either a big influx of investors or serious drop of in business. Pity as i like UB. Cash had built up to around 7% of the balance in my accounts. But I'm down to zero cash following today's large loan. I haven't made any recent withdrawals.
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Post by df on Sept 6, 2023 22:03:44 GMT
Anyones cash drag improved? I'm still around 8% sitting idle, made 2 withdrawals recently or it would've been worse. Either a big influx of investors or serious drop of in business. Pity as i like UB. Mine stays within the area I want it to be. 3.2% today, but will reduce it tomorrow if it doesn't go down by itself. I think it is due to influx of investors since UB raised the rate.
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Post by df on Sept 6, 2023 22:19:00 GMT
Anyones cash drag improved? I'm still around 8% sitting idle, made 2 withdrawals recently or it would've been worse. Either a big influx of investors or serious drop of in business. Pity as i like UB. Cash had built up to around 7% of the balance in my accounts. But I'm down to zero cash following today's large loan. I haven't made any recent withdrawals. I have. Since 19th July I've made 8 withdrawals and no deposits. Today's large loan didn't empty my account because of my stingy auto-lend settings. I would probably invest a little bit more in that loan, but by the time I've read the email it was already gone.
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Post by Ace on Sept 6, 2023 23:24:11 GMT
Cash had built up to around 7% of the balance in my accounts. But I'm down to zero cash following today's large loan. I haven't made any recent withdrawals. I have. Since 19th July I've made 8 withdrawals and no deposits. Today's large loan didn't empty my account because of my stingy auto-lend settings. I would probably invest a little bit more in that loan, but by the time I've read the email it was already gone. I logged in within 10 minutes of receiving the email notification. There was none left, but my auto-lend had already committed all of my free cash. My settings are high to minimise the cash drag. I trust UB to recover whatever is possible if necessary. It's my longest running platform that I'm still happy to lend with. 23% of my capital is profit, so I'm less cautious with UB than I once was, as I think there's very little chance of ending up with an overall loss there. Hmm... 🤔 I might once have thought similar of Ablrate 😔
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mogish
Member of DD Central
Posts: 1,105
Likes: 527
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Post by mogish on Sept 7, 2023 6:18:40 GMT
Ok I'm going to increase my value in auto lend those if it reduces cash drag.
Failing that I will stick to the plan to transfer isa from LP and start topping up LP non isa with UB funds.
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Post by df on Sept 7, 2023 11:32:02 GMT
I have. Since 19th July I've made 8 withdrawals and no deposits. Today's large loan didn't empty my account because of my stingy auto-lend settings. I would probably invest a little bit more in that loan, but by the time I've read the email it was already gone. I logged in within 10 minutes of receiving the email notification. There was none left, but my auto-lend had already committed all of my free cash. My settings are high to minimise the cash drag. I trust UB to recover whatever is possible if necessary. It's my longest running platform that I'm still happy to lend with. 23% of my capital is profit, so I'm less cautious with UB than I once was, as I think there's very little chance of ending up with an overall loss there. Hmm... 🤔 I might once have thought similar of Ablrate 😔 My profit is 40% of my capital. Perhaps I am too cautious and should increase my limit... I think it's the loans to Mr.M stopping me from doing this. The issue is still not resolved and there is no guarantee that something like this can happen again. I have trust in UB, but things like this are out of their control.
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Post by Ace on Sept 7, 2023 11:52:34 GMT
I logged in within 10 minutes of receiving the email notification. There was none left, but my auto-lend had already committed all of my free cash. My settings are high to minimise the cash drag. I trust UB to recover whatever is possible if necessary. It's my longest running platform that I'm still happy to lend with. 23% of my capital is profit, so I'm less cautious with UB than I once was, as I think there's very little chance of ending up with an overall loss there. Hmm... 🤔 I might once have thought similar of Ablrate 😔 My profit is 40% of my capital. Perhaps I am too cautious and should increase my limit... I think it's the loans to Mr.M stopping me from doing this. The issue is still not resolved and there is no guarantee that something like this can happen again. I have trust in UB, but things like this are out of their control. I didn't mean to imply that you should. I was just commenting on what works for me. Your more cautious approach is obviously working for you. 40% profit is a very comfortable position. UB represents less than 4% of my p2p portfolio, and less than 2% of my investable funds. So I can afford a more gung-ho attitude, as even a total write-off wouldn't cause much harm for me. I'd gladly increase my exposure there if it was possible to do so without having to set an even larger minimum and without having to suffer significant cash drag.
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Ukmikk
Member of DD Central
Posts: 452
Likes: 306
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Post by Ukmikk on Sept 7, 2023 17:52:56 GMT
I've just withdrawn another £1k, to add to the £2k already withdrawn over the last couple of months. This still leaves about 1.6k cash remaining, in a total of about £22k left in this account. I find cash drag a bit of a problem on UB and it's annoys me that they make no attempt to manage this better.
I have my auto invest limit at £500, since this is now per loan with no control over per lender. How does this compare with other people's limits/cash drag situation? I find it very frustrating. Cheers.
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Post by Ace on Sept 7, 2023 17:58:54 GMT
I've just withdrawn another £1k, to add to the £2k already withdrawn over the last couple of months. This still leaves about 1.6k cash remaining, in a total of about £22k left in this account. I find cash drag a bit of a problem on UB and it's annoys me that they make no attempt to manage this better. I have my auto invest limit at £500, since this is now per loan with no control over per lender. How does this compare with other people's limits/cash drag situation? I find it very frustrating. Cheers. I have 2 accounts with high 4 figures in both. Both have auto limits set to £2k, but highest ever allocation has been £1k. See above for my cash drag position.
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Post by overthehill on Sept 7, 2023 19:04:12 GMT
Folks who invested in Fundingsecure's auction items wish they had had cash drag instead. It's a good diligent business as I'm sure they could loan out all the cash on NFTs , boats and fakes and head to the pub.
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Ukmikk
Member of DD Central
Posts: 452
Likes: 306
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Post by Ukmikk on Sept 7, 2023 19:29:15 GMT
Folks who invested in Fundingsecure's auction items wish they had had cash drag instead. It's a good diligent business as I'm sure they could loan out all the cash on NFTs , boats and fakes and head to the pub. Very insightful. They could also not take on board more cash than they have quality loans to lend it on.
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mogish
Member of DD Central
Posts: 1,105
Likes: 527
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Post by mogish on Sept 8, 2023 6:51:25 GMT
Folks who invested in Fundingsecure's auction items wish they had had cash drag instead. It's a good diligent business as I'm sure they could loan out all the cash on NFTs , boats and fakes and head to the pub. Very insightful. They could also not take on board more cash than they have quality loans to lend it on. Both good points. We want safety in decent loans but no cash drag haha. I'm at approx 25% profit so not a massive deal but as mentioned its frustrating having cash not earning. However in reality it's no more than I Normally have in my cash account.
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Post by df on Sept 8, 2023 17:32:03 GMT
Very insightful. They could also not take on board more cash than they have quality loans to lend it on. Both good points. We want safety in decent loans but no cash drag haha. I'm at approx 25% profit so not a massive deal but as mentioned its frustrating having cash not earning. However in reality it's no more than I Normally have in my cash account. I try to think of it as a black box account where the overall return from my invested cash is the only thing that matters, so I don't get frustrated, cash drag is a built in feature.
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Post by Ace on Oct 24, 2023 18:38:58 GMT
Both of my accounts are holding over 10% in cash following large repayments today (one is 10.4% cash and the other is 10.6% cash).
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