kermie
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Post by kermie on Feb 21, 2016 16:20:04 GMT
Afternoon, The ability to 'cancel' the sale of SM parts is now live. Kind regards, Ed Nice one, MoneyThing Ed. This will improve SM liquidity - I will no longer be fearful of trying to sell bits n pieces (e.g. in order to diversify into upcoming loans: if I can sell before the deadline, great, but if not, I can cancel the sale). This is good for new lenders and old lenders alike.
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Post by MoneyThing on Feb 21, 2016 21:01:37 GMT
Yes, I think the optimal solution would be for a loan part, once listed for sale, to be removed from the "Live Loans" list and reappear on the "For Sale" list. Also for there to be a "Cancel Sale" button by each unsold loan part (thinking ahead to future times when loan parts might take days, not just seconds, to sell on the SM!) Evening stevet, The Shuang & I have been discussing this and we think that whilst the the loan part is still 'for sale', it is still live and earning interest and as such we feel that this should remain on the 'Live Loans' list. Kind regards, Ed EDIT: We did do the 'cancel' bit so got 50% of your suggestion implemented!
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mikeh
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Post by mikeh on Feb 21, 2016 21:28:21 GMT
The Shuang moonlights as The Stig? No wonder he's so quick!
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Post by MoneyThing on Feb 21, 2016 21:47:32 GMT
The Shuang moonlights as The Stig? No wonder he's so quick! Some say that he never sleeps and doesn't understand the difference between weekend & weekday and that tinkering with his code all day long stops him getting hairy palms. All we know is...he is brilliant!
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paulg
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Post by paulg on Feb 21, 2016 22:18:59 GMT
Yes, I think the optimal solution would be for a loan part, once listed for sale, to be removed from the "Live Loans" list and reappear on the "For Sale" list. Also for there to be a "Cancel Sale" button by each unsold loan part (thinking ahead to future times when loan parts might take days, not just seconds, to sell on the SM!) Evening stevet, The Shuang & I have been discussing this and we think that whilst the the loan part is still 'for sale', it is still live and earning interest and as such we feel that this should remain on the 'Live Loans' list. Kind regards, Ed EDIT: We did do the 'cancel' bit so got 50% of your suggestion implemented! If a selling loan part is to remain on the 'Live Loans' list while it's for sale, how about removing the 'sell' button for that part? That would reduce any confusion when we're in the process of selling a number of parts at the same time.
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Post by MoneyThing on Feb 22, 2016 7:19:21 GMT
Morning,
Further improvement:
Added a For Sale column and the Sell link is now hidden for loan parts that are 100% listed on on SM.
Regards,
Ed
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SteveT
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Post by SteveT on Feb 22, 2016 7:49:44 GMT
Morning, Further improvement: Added a For Sale column and the Sell link is now hidden for loan parts that are 100% listed on on SM. Regards, Ed Thanks Ed, that's a good solution. Previously, if you were wanting to sell £100 each from several similar loans of £300, the art loans for example, it was hard to tell which were already listed for sale and which you'd still to list. The extra column fixes that, and I agree logically they are still "live" until sold, in terms of interest accrual.
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SteveT
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Post by SteveT on Feb 22, 2016 8:22:09 GMT
Wooo, just spotted the "Export to Excel" button on the "My Funds / Statement" page; when did that appear?!
It would be great if the Statement page could get an extra column for transaction "Type" (for simple analysis in a Pivot Table). I think the following list covers all that would be relevant:
Cash Deposit Cash Withdrawal Loan Purchase Loan Sale Monthly Interest Final Capital & Interest (NB. ideally, the capital portion of final loan repayments would be shown as a separate entry from the final interest payment) Adjustment (if needed)
Can we please have an equivalent "Export to Excel" button on the "My Loans / Live Loans" page?
Thanks!
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SteveT
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Post by SteveT on Feb 22, 2016 11:53:44 GMT
A thought. Having picked up a number of small parts on the SM this morning in several loans that I was looking to add to, it would be very helpful to have a "Combine" capability that effectively sells the multiple parts we hold in a loan back to ourself as a single new part (obviously it would have a new "Purchase" date). This would allow us to tidy up our "My Loans" holdings when they start getting messy.
There could be a tick-box column on the "My Loans" page, where we tick parts we want to combine and then click "Combine" at the top (with an error message if we accidentally click on different loans).
Or, even neater, there could be an extra "Combine Parts" button in the "Sell" pop-up box that combines all the parts we hold in that loan into a single new part.
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david42
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Post by david42 on Feb 22, 2016 23:55:39 GMT
A thought. Having picked up a number of small parts on the SM this morning in several loans that I was looking to add to, it would be very helpful to have a "Combine" capability that effectively sells the multiple parts we hold in a loan back to ourself as a single new part (obviously it would have a new "Purchase" date). This would allow us to tidy up our "My Loans" holdings when they start getting messy. There could be a tick-box column on the "My Loans" page, where we tick parts we want to combine and then click "Combine" at the top (with an error message if we accidentally click on different loans). Or, even neater, there could be an extra "Combine Parts" button in the "Sell" pop-up box that combines all the parts we hold in that loan into a single new part. I would love to be able to save the clutter caused by multiple loan parts. Even better, to save adding an extra function for beginners to learn, how about making the system automatically amalgamate a new loan part with any existing part as soon as it is purchased?
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jonah
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Post by jonah on Feb 23, 2016 5:38:39 GMT
A thought. Having picked up a number of small parts on the SM this morning in several loans that I was looking to add to, it would be very helpful to have a "Combine" capability that effectively sells the multiple parts we hold in a loan back to ourself as a single new part (obviously it would have a new "Purchase" date). This would allow us to tidy up our "My Loans" holdings when they start getting messy. There could be a tick-box column on the "My Loans" page, where we tick parts we want to combine and then click "Combine" at the top (with an error message if we accidentally click on different loans). Or, even neater, there could be an extra "Combine Parts" button in the "Sell" pop-up box that combines all the parts we hold in that loan into a single new part. I would love to be able to save the clutter caused by multiple loan parts. Even better, to save adding an extra function for beginners to learn, how about making the system automatically amalgamate a new loan part with any existing part as soon as it is purchased? It would need to be clear on the different start dates, as a 10 day old part and 20 day old part will have accrued different interest amounts at the monthly payment date. The other option would be to combine at the point of paying the monthly interest, as that way they are all the same age for the next monthly date.
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Post by MoneyThing on Feb 23, 2016 7:42:10 GMT
A thought. Having picked up a number of small parts on the SM this morning in several loans that I was looking to add to, it would be very helpful to have a "Combine" capability that effectively sells the multiple parts we hold in a loan back to ourself as a single new part (obviously it would have a new "Purchase" date). This would allow us to tidy up our "My Loans" holdings when they start getting messy. There could be a tick-box column on the "My Loans" page, where we tick parts we want to combine and then click "Combine" at the top (with an error message if we accidentally click on different loans). Or, even neater, there could be an extra "Combine Parts" button in the "Sell" pop-up box that combines all the parts we hold in that loan into a single new part. I would love to be able to save the clutter caused by multiple loan parts. Even better, to save adding an extra function for beginners to learn, how about making the system automatically amalgamate a new loan part with any existing part as soon as it is purchased? Morning. We are looking into this and have added it to the list. Regards, Ed.
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rogerbu
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Post by rogerbu on Feb 23, 2016 21:06:13 GMT
Also, can you check the calculation of the total part sold on the tax statement? Mine suggests zero which isn't correct. The other numbers look right though. Thanks My 'sold' also shows £0 which is incorrect. I match exactly with the interest figure - thanks MoneyThing It's no use trying to sneak things through. We notice. Thanks for correcting the Tax Statement - 'Total Loan Part Sold' line (was £0.00 now correct I agree with the shown figure.
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jonah
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Post by jonah on Feb 23, 2016 21:58:50 GMT
Mine is similarly resolved. Some say that The Shuang is only a myth and in reality there are a team of 37 well trained chicken coders... I say I don't care with service like that!
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Post by Financial Thing on Feb 24, 2016 21:27:09 GMT
MoneyThing Can you the mysterious Dr. Shuang add the LTV's on the My Loans / Live Loans page? Maybe reduce the Expected Interest or Interest Received columns width by abbreviating the text if space is an issue?
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