jsmithe
Member of DD Central
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Post by jsmithe on Oct 15, 2016 14:45:38 GMT
INPL is useful however. You can get an extra day of interest on your current account or extra interest on SS for a day. Also, you only have to sell to cover the negative (which might be less than the amount you pre-funded, saves having to sell and risk funds not being allocated). I love INPL; it makes diversifying easier and because we're not always 100% sure what allocation we're going to get, I don't need to preempt it by sending unnecessary money However, I think its days are numbered; too many people gaming the system. Furthermore, I honestly think the FCA are going to ask to have the feature removed; I mean... investing money you don't have is dangerous... Agreed, if you don't have it don't spend it, just like a Credit Card (also useful and gives extra protection while your money is in your account earning interest). If you have the cash then why not work it as best you can and transfer at the optimal moment.
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mikes1531
Member of DD Central
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Post by mikes1531 on Oct 15, 2016 14:52:19 GMT
Since this thread has come back to life somewhat... Am I the only one who would find an update of the first post on Page 1 useful? Investor seems to have abandoned his data recording. |
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853 
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Post by cooling_dude on Oct 15, 2016 14:55:06 GMT
Since this thread has come back to life somewhat... Am I the only one who would find an update of the first post on Page 1 useful? Investor seems to have abandoned his data recording. You're not the only one; I also find the data useful In his absence, and in anticipation of his return I will add a column to my index (and hand the baton back when he returns  )
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Post by saraph on Oct 15, 2016 14:59:01 GMT
Even if they don't touch my brownie points, it still feels like more steps need to be taken than necessary. It's simple enough. Don't prefund more than you are prepared to invest immediately. You're fixing symptoms instead of the root. That solution is also useless if you, for whatever reason, don't plan to check your account for longer period of time.
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Post by GSV3MIaC on Oct 15, 2016 19:48:50 GMT
Yes, if you had a 'buy up to my available cash' option, you could have a proper 'fire and forget' system where you left global pre-funding at £x, and stuff got bought as/when you had interest income, or repaid loans, to invest. Bit dangerous, but then so is the 'global prefund' setting in its current form.
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ablender
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Post by ablender on Oct 15, 2016 21:23:26 GMT
It's simple enough. Don't prefund more than you are prepared to invest immediately. You're fixing symptoms instead of the root. That solution is also useless if you, for whatever reason, don't plan to check your account for longer period of time. Watch out. That can be dangerous when you have money invested in any case.
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ablender
Member of DD Central
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Post by ablender on Oct 15, 2016 21:25:20 GMT
INPL is useful however. You can get an extra day of interest on your current account or extra interest on SS for a day. Also, you only have to sell to cover the negative (which might be less than the amount you pre-funded, saves having to sell and risk funds not being allocated). I love INPL; it makes diversifying easier and because we're not always 100% sure what allocation we're going to get, I don't need to preempt it by sending unnecessary money However, I think its days are numbered; too many people gaming the system. Furthermore, I honestly think the FCA are going to ask to have the feature removed; I mean... investing money you don't have is dangerous... Can't SS argue that since people who do not pay their dues will not get interest and their parts are sold, then there is no such danger? (Not sure if I made my argument clear.)
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