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Post by df on Nov 29, 2023 13:23:35 GMT
After a brief improvement, my idle cash is yet again back up to 10.3%. I've tried adjusting loan limits etc and nothing I do can change the outcome. How are posters with no or little idle cash archiving this? I withdraw as soon as my cash account reaches a certain value. I've made 8 withdrawals so far this month. My cash drag is 2% atm.
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mogish
Member of DD Central
Posts: 1,019
Likes: 500
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Post by mogish on Nov 29, 2023 18:17:47 GMT
After a brief improvement, my idle cash is yet again back up to 10.3%. I've tried adjusting loan limits etc and nothing I do can change the outcome. How are posters with no or little idle cash archiving this? I withdraw as soon as my cash account reaches a certain value. I've made 8 withdrawals so far this month. My cash drag is 2% atm. Maybe that's what I need to do. It's the usual fomo that's letting the idle cash drift back up. I too have been withdrawing down to my "acceptable" level which is obviously still too high for my meagre 4k investment. Back to withdrawal and moving to LP.
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Post by df on Nov 29, 2023 19:55:28 GMT
I withdraw as soon as my cash account reaches a certain value. I've made 8 withdrawals so far this month. My cash drag is 2% atm. Maybe that's what I need to do. It's the usual fomo that's letting the idle cash drift back up. I too have been withdrawing down to my "acceptable" level which is obviously still too high for my meagre 4k investment. Back to withdrawal and moving to LP. Exactly! That idle cash will be earning you interest in LP. I think for 4k investment something between £50 and £100 of idle cash is enough for getting allocations in most UB loans.
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Post by Ace on Nov 29, 2023 21:01:52 GMT
I've resisted the temptation to withdraw any cash from UB so far and it seems to be paying off.
The cash in my 2 accounts dropped from 6.6% and 8.6% yesterday to 5.0% and 6.8% today. Both accounts had over 18% cash 2 weeks ago.
I noticed today that a larger cash balance did result in larger allocations. My accounts have very similar balances and identical settings, but one had roughly 1.3 times as much free cash as the other. In today's large loan the, account with the higher cash balance got roughly a 1.3 times the allocation as the the account with the lower cash balance.
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mogish
Member of DD Central
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Post by mogish on Dec 15, 2023 11:49:36 GMT
Nope I'm not going to say it...... oh what the hell.... 11% cash drag. Another 100 quid to LW.
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Post by brummiefred on Jan 5, 2024 11:02:24 GMT
Another jump in uninvested cash
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Post by Ace on Jan 5, 2024 13:39:59 GMT
Another jump in uninvested cash 5.8% cash in one account and 4.9% in the other for me. I still haven't made any withdrawals.
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Post by brummiefred on Jan 5, 2024 14:11:13 GMT
I'm over 11% in both standard and ISA !!
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Post by Ace on Jan 11, 2024 22:26:54 GMT
The cash balances in my 2 accounts are down to 4.4% and 3.6% today.
Another 2 accounts that I'm managing are down to 7.6% and 4.6%.
In each case, the higher the cash balance the higher the allocation to loans.
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mogish
Member of DD Central
Posts: 1,019
Likes: 500
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Post by mogish on Jan 12, 2024 9:59:27 GMT
The cash balances in my 2 accounts are down to 4.4% and 3.6% today. Another 2 accounts that I'm managing are down to 7.6% and 4.6%. In each case, the higher the cash balance the higher the allocation to loans. I had 2 loans yesterday at approx £23 each. Highest values for weeks, normally a fiver a loan. Made a dent in idle cash but I've still withdrawn over 500 in last few months.
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Post by df on Jan 12, 2024 11:30:11 GMT
The cash balances in my 2 accounts are down to 4.4% and 3.6% today. Another 2 accounts that I'm managing are down to 7.6% and 4.6%. In each case, the higher the cash balance the higher the allocation to loans. I had 2 loans yesterday at approx £23 each. Highest values for weeks, normally a fiver a loan. Made a dent in idle cash but I've still withdrawn over 500 in last few months. I had 3 yesterday. £16.95, £9.71 and £5.00. It looks like I will be making another withdrawal next week. Last time I've deposited a new money was 30th June 2023, after that date I've made 25 withdrawals.
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Post by brummiefred on Jan 15, 2024 18:28:03 GMT
Up to 16% idle cash today so time for a change!
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mogish
Member of DD Central
Posts: 1,019
Likes: 500
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Post by mogish on Jan 16, 2024 15:11:33 GMT
Up to 16% idle cash today so time for a change! 9.65% for me.not hearing from many other so either they have no idle cash , accepted it and are being patient or bailed out to elsewhere.
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Post by Ace on Jan 16, 2024 15:35:13 GMT
Up to 16% idle cash today so time for a change! 9.65% for me.not hearing from many other so either they have no idle cash , accepted it and are being patient or bailed out to elsewhere. 4.1%, 5.4%, 4.8% and 9.7% idle cash in the accounts I'm managing. No withdrawals have been made from any of them.
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starfished
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Post by starfished on Jan 16, 2024 20:28:00 GMT
Over 15% and steadily increasing...
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