Strange behaviour of the GEIA

In looking at the list of loans with units available, it occurred to me that none of those loans would be appropriate for the GEIA.

So what happens if someone comes along and decides they'd like to invest in the GEIA?  They deposit some money.  They adjust their GEIA investment so as to move that cash into their GEIA.  And they wait for the system to buy some parts for them.  But there are no parts to be had.  So they wait.  And they wait.  And they wait.

For how long?

Looking at the list of Upcoming Loans, I see nothing in the pipeline that would be suitable for the GEIA there either.  So it looks like further GEIA investment won't be possible for another month or so -- at best!

This is not going to produce any positive feedback for the GEIA -- and probably will produce some negative PR when people start complaining, as they probably have already.

I suppose the only hope for investors in this situation would be if other holders of GEIA-eligible loans decide they wish to exit from some of their holdings.  I wonder how much of that is happening, and how it compares to the level of increase that GEIA investors would like to achieve.

IMO the only positives were during the very early days after the GEIA was launched and there appeared to be plenty of candidates on the AM that qualified for inclusion. Once they were mopped up then effectively you were in lucky dip land.

I experimented and only achieved just shy of 70% investment even though in the background the thing was flapping it's wings madly selling bits off here and there and shortly afterwards buying them back again. So after 4 weeks or so I bailed out as clearly the 7% projected wasn't going to be attained especially with nothing else on the horizon and effectively at the mercy of the AM. There was a maximum 20% in any one loan rule although my investment exceeded that in one loan. So goodness knows how it's meant to work if the investments aren't there to be made in the first place.

There was some talk some weeks ago about a GEIA mk2 but nothing has been forthcoming. So until it's proven that it will achieve the projected 7% rather than the c4.83% that I managed then I think it's one to be avoided.

OK.  I've tried an experiment.  I added £5 to my £20 experimental GEIA at 2200 on Friday to see what would happen.  To my surprise, within the hour it had bought £1 of Mon***** WT.  A few minutes later it bought another £1, but sold that just a few seconds later.  At 0505 on Saturday, it bought another £1, but it sold that a few seconds later.  Then, at 0923, it bought £4 of MWT.  Hallelujah!  My fiver was fully invested in less than 12 hours.  However, ...

... that lasted about a minute.  At which point it sold the £4 -- in two separate chunks.  And then over the next four minutes it bought, and sold, and bought, and sold, £1 of MWT.  Then it went quiet for a few hours until it bought £1 chunks of Aber********* WT at 1212, NLWT at 1303 and MWT at 1309.  At that point, £4 of my new fiver was lent, and £1 was waiting for an investment opportunity.

A minute later, however, my GEIA went on a selling spree, disposing of five separate chunks of MWT totalling £5.89!  At that point, not only was none of my new fiver still lent, but £1.89 of my previous GEIA investment, which had been stable for a few weeks, had been sold.

About five hours later, my GEIA went on a buying spree.  Starting at 1824 and continuing over the next three minutes, it made seven purchases, totalling £6.88, of a wide variety of loans -- CADP, AWT, MWT, PWT, NLWT, MWT, MWT.  At that point, all but 1p of my fiver should have been invested.

That was too good to be true, of course, so a few seconds later my GEIA sold 92p of AWT and 13p of NLWT.  Then 75 minutes later it bought £1 of MWT and 5p of CADP. 

After which point there has been a pause in activity.  Nothing since 1942 on Saturday.  I can hope that my account is stable again.  I'd really like to know how my GEIA investment is spread over the various loans it holds, but there's no easy way to tell that I know of.  So I haven't a clue whether I have more than 20% of my investment in any one loan.

I also don't know where 1p has disappeared to.  Since adding the fiver, the total of the transactions described above is a net purchase of £4.99, but my GEIA balance is showing to be nil.  And that shouldn't be the result of rounding, because all of the recent transactions, starting with the £5 deposit, have been exact amounts.

I admire your 'bravery' as IMO the GEIA is broken - it's that simple. Whatever the reason is it's irrelevant and I doubt if it is anywhere near the top of the list of priorities to be fixed.

I do wonder though about lenders that have simply placed their money into it and sat back expecting the 7%. It's a maybe it will produce the expected result and then again, maybe.....

Does the script on the pink pages work for the Green account. I don't have the green account so I can't test it. Obviously it isn't a good idea to run scripts downloaded from someone you don't know, but if you have an old PC or laptop you could use it to run the script (download the account data onto a USB stick using your main computer).


I'm not convinced that every occasion a whole amount is shown I have indeed transacted a whole amount (of pence). My guess is that one or more of your purchases is, in fact, rounded.

I suppose anything is possible.  All I can say is that when I hover over any of the amounts shown in my GEIA statement they all have two digits of pence showing to the right of the decimal -- followed by 18 zeroes.