ablender
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Post by ablender on Dec 30, 2015 12:37:21 GMT
I ate lots of cookies lately and now I've got the habit and will eat more.
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oldgrumpy
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Post by oldgrumpy on Dec 30, 2015 14:38:50 GMT
I ate lots of cookies lately and now I've got the habit and will eat more.
You must get into the habit of proper cookie storage, so try this by putting them securely in this specialist habitual cookie jar:
Mwahahahaha!  
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littleoldlady
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Post by littleoldlady on Jan 4, 2016 13:25:40 GMT
So do we now understand the allocation algorithm- what SS described as "Bottom up"? The smallest bids are filled upwards until there is not enough left to cover the next bid level, then the remainder is divided amongst everyone else but rounded down to £100. The residue is put up in a lump for the fastest finger/bot.
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ablender
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Post by ablender on Jan 4, 2016 14:04:32 GMT
This is great.
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Post by ladywhitenap on Jan 4, 2016 14:48:05 GMT
So do we now understand the allocation algorithm- what SS described as "Bottom up"? The smallest bids are filled upwards until there is not enough left to cover the next bid level, then the remainder is divided amongst everyone else but rounded down to £100. The residue is put up in a lump for the fastest finger/bot. Nearly, apart from the uncertainty of the rounding. Going down to the nearest hundred could put a huge lump out there unsold for the faster finger. I'd like to think they would round down to nearest £10. Only a more precise definition from SS or a good few more runs of the algorithm will tell. LW
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adrianc
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Post by adrianc on Jan 4, 2016 15:01:29 GMT
So do we now understand the allocation algorithm- what SS described as "Bottom up"? The smallest bids are filled upwards until there is not enough left to cover the next bid level, then the remainder is divided amongst everyone else but rounded down to £100. The residue is put up in a lump for the fastest finger/bot. Nearly, apart from the uncertainty of the rounding. Going down to the nearest hundred could put a huge lump out there unsold for the faster finger. I'd like to think they would round down to nearest £10. Only a more precise definition from SS or a good few more runs of the algorithm will tell. If ~£8,300 went to the SM, and ~1,400 were in on the pre-fund, I make that about £5.90 each. In practice, it'd be slightly more, because some would have been up for £300 dead, so their sick squid would have been spread around, too. Given the levels of shrapnel that they used to calculate to, this is one area which could be revisited - distribute the lot, instead of making somebody the lucky boy.
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ablender
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Post by ablender on Jan 4, 2016 15:06:41 GMT
Nearly, apart from the uncertainty of the rounding. Going down to the nearest hundred could put a huge lump out there unsold for the faster finger. I'd like to think they would round down to nearest £10. Only a more precise definition from SS or a good few more runs of the algorithm will tell. If ~£8,300 went to the SM, and ~1,400 were in on the pre-fund, I make that about £5.90 each. In practice, it'd be slightly more, because some would have been up for £300 dead, so their sick squid would have been spread around, too. Given the levels of shrapnel that they used to calculate to, this is one area which could be revisited - distribute the lot, instead of making somebody the lucky boy. I am not saying that you are not right, but I am thinking aloud standing on one of my toes - It is not that of a bad idea to have a lottery after all. As per your calculations it is not about £6 per lender involved. What do you thinka?
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littleoldlady
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Post by littleoldlady on Jan 4, 2016 16:43:59 GMT
If ~£8,300 went to the SM, and ~1,400 were in on the pre-fund, I make that about £5.90 each. In practice, it'd be slightly more, because some would have been up for £300 dead, so their sick squid would have been spread around, too. Given the levels of shrapnel that they used to calculate to, this is one area which could be revisited - distribute the lot, instead of making somebody the lucky boy. I am not saying that you are not right, but I am thinking aloud standing on one of my toes - It is not that of a bad idea to have a lottery after all. As per your calculations it is not about £6 per lender involved. What do you thinka? Yes provided it goes to some "lucky bo y" - I don't care about the gender but I do care about the last letter in that description.
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ablender
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Post by ablender on Jan 4, 2016 16:55:06 GMT
I am not saying that you are not right, but I am thinking aloud standing on one of my toes - It is not that of a bad idea to have a lottery after all. As per your calculations it is not about £6 per lender involved. What do you thinka? Yes provided it goes to some "lucky bo y" - I don't care about the gender but I do care about the last letter in that description. I did not get this one.
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LittleBear
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Post by LittleBear on Jan 4, 2016 17:01:33 GMT
Yes provided it goes to some "lucky bo y" - I don't care about the gender but I do care about the last letter in that description. I did not get this one. Try replacing the 'y' with a 't' 
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ablender
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Post by ablender on Jan 4, 2016 17:05:22 GMT
Try replacing the 'y' with a 't' Got it - stupid me - should have seen it. Where are specsavers?
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Investboy
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Post by Investboy on Jan 5, 2016 9:38:41 GMT
I'm happy about how the current pre-funding works. First as it works like they originally proposed. Second it is similar to what I suggested on this forum to be a reasonable fair deal to everyone.
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mikes1531
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Post by mikes1531 on Jan 5, 2016 20:02:21 GMT
I'm happy about how the current pre-funding works. First as it works like they originally proposed. Second it is similar to what I suggested on this forum to be a reasonable fair deal to everyone. I expect this is how most retail lenders feel. The issue for SS is how their BHs feel about being unable to invest more than what they consider to be a trivial amount in SS's sub-£1M loans, and whether SS can afford to alienate their deep-pocketed investors. Let's all hope that SS can originate enough £1+M loans to keep the BHs happy, and unconcerned about missing out on the smaller loans. If they can, then everyone will be happy!
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phd
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Post by phd on Jan 18, 2016 12:58:50 GMT
Being a newbie p2p investor, can someone answer something for me for pre funding loans? Do I have to have the monies ready in my SS account for any loans where I want to pre fund in advance?
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oldgrumpy
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Post by oldgrumpy on Jan 18, 2016 13:02:12 GMT
No. When you are allocated a loan part your account will go negative and you will need to transfer the funds within 48 hours; 24 hours is better.
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