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Post by mikec on Oct 13, 2023 11:40:31 GMT
I've been mainly using auto-invest to drip funds into CP projects, and have noticed over the last couple of weeks that I'm getting a smaller & smaller bite of the investment. Until recently I was regularly getting £50 (of my £100 max pledge) going into projects, but this has recently fallen to £20-30. This is not a major problem but it does obviously result in decreased rate of investment and some fiscal drag (no interest return) on my invested cash.
Are others seeing the the same, is this the result of higher interest rates (ca. 10%) now attracting more investors?
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Post by Ace on Oct 13, 2023 12:07:41 GMT
I've been mainly using auto-invest to drip funds into CP projects, and have noticed over the last couple of weeks that I'm getting a smaller & smaller bite of the investment. Until recently I was regularly getting £50 (of my £100 max pledge) going into projects, but this has recently fallen to £20-30. This is not a major problem but it does obviously result in decreased rate of investment and some fiscal drag (no interest return) on my invested cash. Are others seeing the the same, is this the result of higher interest rates (ca. 10%) now attracting more investors? The very small minimum auto allocations of £35 and £20 in today's loans are due to the small amounts being raised and the fact that there have been a couple of loans repaying in the last couple of days. I expect that we'll be back to £50 minimums next week. It's not possible for us to know if the increased rates have had much effect on the number of people lending because CP have removed the stat that used to tell us how many investors there were in each loan, without giving any warning or reason. Another move away from their stated aim of being open and transparent.
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dave2
Member of DD Central
Posts: 171 
Likes: 160
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Post by dave2 on Oct 13, 2023 12:13:05 GMT
I've been mainly using auto-invest to drip funds into CP projects, and have noticed over the last couple of weeks that I'm getting a smaller & smaller bite of the investment. Until recently I was regularly getting £50 (of my £100 max pledge) going into projects, but this has recently fallen to £20-30. This is not a major problem but it does obviously result in decreased rate of investment and some fiscal drag (no interest return) on my invested cash. Are others seeing the the same, is this the result of higher interest rates (ca. 10%) now attracting more investors? It depends on the size of the loan drawdown amount, among other things. I was given a £20 auto-invest on yesterdays loan, however the loan ( phase 1) was quite small at £100,000. Today I was given £35 auto-investment on a £200,000 loan, the loan was auto invest only. On Wednesday I was given £205 auto-invest on a £286,000 loan which is well above my normal amount.
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Post by mikec on Dec 5, 2023 13:02:37 GMT
Since my OP this had seemingly settled down to between £50 - £75 per investment, but my last three auto-investments have all been at £19. That's going to slow things down  To my uniformed eye, this doesn't obviously to the size of loan. Perhaps there are larger numbers of active investors (frantically striking the keyboard) on certain projects.
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Post by Ace on Dec 5, 2023 16:12:56 GMT
Since my OP this had seemingly settled down to between £50 - £75 per investment, but my last three auto-investments have all been at £19. That's going to slow things down To my uniformed eye, this doesn't obviously to the size of loan. Perhaps there are larger numbers of active investors (frantically striking the keyboard) on certain projects. I got £68.32 and £173.07 in today's loans with my maximum set to £500. The second loan wiped out my available cash, so presumably would have been higher if I'd had more cash available.
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Post by mikec on Dec 6, 2023 12:27:19 GMT
Back to £50 for two auto-investments this morning. It all seems a bit random, but hey-ho it still beats manual investment (in terms saving time)  |
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