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Post by moto on Mar 28, 2015 10:36:58 GMT
I can understand the account may need to be reshuffled every now and then to ensure an even spread of loans but I just can't explain this behaviour.
Yesterday the start of day position was that I had all funds in the account invested, then it seems the algorithm decided to sell £57 of loan parts and buy them back five times repeatedly in various combinations over a 10 minute period. On the sixth attempt it either run out of loan parts to buy or just gave up, meaning I am now left with around £45 uninvested.
It seems wrong to me that the rebalancing can leave funds uninvested, surely it should ring fence any loan parts before attempting this?
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oldgrumpy
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Post by oldgrumpy on Mar 28, 2015 10:42:16 GMT
I'm glad I have had nothing to do with this farcical behaviour.
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Post by moto on Mar 28, 2015 10:57:52 GMT
It's worth putting money in just for the entertainment!
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Post by davee39 on Mar 28, 2015 11:09:27 GMT
The Green Account tries to do some very clever things, but is constrained by attempting a 20% exposure to a single loan, and a lack of qualifying loans. Just wait for the Cumbrian Bug Plant to draw down next week, it will give the algorithm something meaty to play with.
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tonyr
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Post by tonyr on Mar 29, 2015 5:47:22 GMT
The Green Account tries to do some very clever things, but is constrained by attempting a 20% exposure to a single loan, and a lack of qualifying loans. Just wait for the Cumbrian Bug Plant to draw down next week, it will give the algorithm something meaty to play with. I feel strongly that AC have messed up a huge opportunity here. The GEIA should be like a deposit account paying 7% interest and so should be very popular. But the buy/sell algorithm has never worked. I'm continually picking up bits of WT loans because GEIA is forever buying and selling them and, as is fair, whenever they are sold everyone gets a chance to buy. I have done so much of this work that it pains me to see AC waste such a huge opportunity. Adding one new loan to the GEIA pot won't fix the fundamental algorithmic bug which is that the GEIA shouldn't put something up for sale that it would then want to buy back immediately.
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Post by chris on Mar 29, 2015 6:26:38 GMT
The Green Account tries to do some very clever things, but is constrained by attempting a 20% exposure to a single loan, and a lack of qualifying loans. Just wait for the Cumbrian Bug Plant to draw down next week, it will give the algorithm something meaty to play with. I feel strongly that AC have messed up a huge opportunity here. The GEIA should be like a deposit account paying 7% interest and so should be very popular. But the buy/sell algorithm has never worked. I'm continually picking up bits of WT loans because GEIA is forever buying and selling them and, as is fair, whenever they are sold everyone gets a chance to buy. I have done so much of this work that it pains me to see AC waste such a huge opportunity. Adding one new loan to the GEIA pot won't fix the fundamental algorithmic bug which is that the GEIA shouldn't put something up for sale that it would then want to buy back immediately. There's a major algorithmic tweak being tested that prevents the oscillations, but the larger problem is the lack of supply of loans. The system has been designed around there being plentiful opportunity to invest whereas that hasn't been the case. Adding one loan will make a big difference as the rebalancing algorithm can diversify into it to satisfy most lender accounts. There'll still be some that need another loan or two to fully diversify but it's a step in the right direction. The sales team is targeting there being a new loan every week, although that takes a little while to build up the pipeline and get through the underwriting process, so in a couple of months we should be in the situation the system was designed to work with.
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mikes1531
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Post by mikes1531 on Mar 31, 2015 3:13:01 GMT
The sales team is targeting there being a new loan every week, although that takes a little while to build up the pipeline and get through the underwriting process, so in a couple of months we should be in the situation the system was designed to work with. I haven't a clue what the underwriters are bidding on at the moment, but ISTM that the sales team have their work cut out for them. If we presume that there is, on average, about a month between underwriter auction finish and drawdown, then the Upcoming loans list is an indicator of the next month's new loans. With only one GEIA-eligible loan on that list, there's going to be a lot of catching up needed to get to an average of a loan a week.
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tonyr
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Post by tonyr on Mar 31, 2015 6:10:26 GMT
The sales team is targeting there being a new loan every week, although that takes a little while to build up the pipeline and get through the underwriting process, so in a couple of months we should be in the situation the system was designed to work with. I haven't a clue what the underwriters are bidding on at the moment, but ISTM that the sales team have their work cut out for them. If we presume that there is, on average, about a month between underwriter auction finish and drawdown, then the Upcoming loans list is an indicator of the next month's new loans. With only one GEIA-eligible loan on that list, there's going to be a lot of catching up needed to get to an average of a loan a week. Yes, the two wind turbines that AndrewH promised in an email to me by the end of the month haven't materialised.
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baz657
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Post by baz657 on Apr 9, 2015 18:13:38 GMT
Mine has been buying and selling all day (mainly Montrose). 11 pages so far (that I've bothered to look up). Net loss/gain about twenty quid from a maximum of £470.01.
Not very green considering all the electricity it must be using to make all these unnecessary sale and purchases.
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am
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Post by am on Apr 9, 2015 19:27:27 GMT
I suspect that problem is that it's trying to sell X to buy Y to balance the portfolio somewhat, but by the time it's sold X, there's no longer any Y on the market, so it buys the X back. If this is the case then the behaviour could be addressed by "locking" Y until X is sold, or a predefined period (5 minutes?) has expired, at which point the attempt to sell X is abandoned. Ware deadlocks.
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warn
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Post by warn on Apr 9, 2015 20:08:31 GMT
Mine has been buying and selling all day (mainly Montrose). 11 pages so far (that I've bothered to look up). Net loss/gain about twenty quid from a maximum of £470.01. Not very green considering all the electricity it must be using to make all these unnecessary sale and purchases. Mine too. So far, around 2000+ buy/sell transactions, all Montrose, in the last 8 hours, my GEIA balance vacillating back and forth between fully invested and around £380 to invest. It would be laughable if I didn't need to feel a bit of confidence in the product, but I'm starting to get a bit nervous about these guys.
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bigfoot12
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Post by bigfoot12 on Apr 9, 2015 20:17:28 GMT
There is also a strange oscillation in the aftermarket for M******* WT. In the last few minutes I have seen 14k on offer, then 10k, then 14k, then 6k then 13k. The same thing happened with Aber***** WT when it got close to selling out. There is obviously a problem.
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mikes1531
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Post by mikes1531 on Apr 9, 2015 20:38:03 GMT
Mine has been buying and selling all day (mainly Montrose). 11 pages so far (that I've bothered to look up). Net loss/gain about twenty quid from a maximum of £470.01. Mine too. So far, around 2000+ buy/sell transactions, all Montrose, in the last 8 hours, my GEIA balance vacillating back and forth between fully invested and around £380 to invest. I don't know whether it's a function of account size, or whether my account might be old enough that it's considered to be sufficiently diversified already, but my small (£20) experimental GEIA has had no transactions at all today. On 7/Apr, after nearly a week of no sale/purchase activity, 2p of Montrose WT was sold and replaced by 2p of the CADP (#160). And then on 8/Apr I received a fractional penny of interest from Cornwall WT which must have been enough to bring my cash balance above 1p, so it bought 1p of the CADP. In short, my tiny account seems to be behaving itself lately. PS. Is it still the case that it's impossible for a lender who has GEIA eligible loans in their MLIA to determine what holdings they have in their GEIA without searching through all the many lines of their GEIA statement? Is that the only way to determine how diversified -- or not -- their GEIA is?
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warn
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Post by warn on Apr 10, 2015 5:35:32 GMT
The system took its regular nap at midnight, then woke up around 5:00, had a cup of coffee, and started buying and selling Montrose again at the rate of about 800 transactions an hour. It's obviously on piecework.
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mikes1531
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Post by mikes1531 on Apr 10, 2015 13:54:19 GMT
The system took its regular nap at midnight, then woke up around 5:00, had a cup of coffee, and started buying and selling Montrose again at the rate of about 800 transactions an hour. It's obviously on piecework. Any suggestions as to what might have been in that cup of coffee? 
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