mikes1531
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Post by mikes1531 on Sept 9, 2015 22:16:05 GMT
Maybe its not available at par in which case your instruction would be ignored. : AIUI, if a buy instruction is placed at par it should buy anything that's available, including parts offered at a discount, so that shouldn't cause the behaviour described until/unless selling at a premium becomes allowable. And haven't we been told that's unlikely?
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Post by pepperpot on Sept 9, 2015 22:22:56 GMT
Might the numerous small amounts be the sum total of parts held in QAA - to get as close to instant withdrawals as pos, perhaps the first part of the selling process is always enabled i.e. listing them for sale. When you make a withdrawal an offer for them will be accepted.
Or have I wandered off to Narnia again.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Sept 9, 2015 22:24:56 GMT
Okay aftermarket is enabled and chugging through each loan. For now I've disabled it for anything with a monitoring event or credit event just until I can carry out some more testing tomorrow without time pressure to make sure the instructions are all working as expected. Accrued interest will update as it goes through each loan as well. The system is working through all the loans all the instructions, takes about 20 - 30 mins to cycle through all loans to begin with so it could be a while before it's cycled through a couple of times and balanced everything. I have exactly the same problem (same as oldgrumpy too), Instructions to buy in my MILA units available but the transaction isn't happening, this is the case for 10 loans I don't think they were suspended or monitored at least not all of them. Me too! I can see about 25 loans showing parts available where I have buy instructions and nothing has happened for more than an hour. So perhaps it's disabled for everything rather than just those loans with a monitoring event or credit event as chris had thought he had done. Well, not quite everything, as my statement shows I bought £1.78 of Conwy WT (#180) at 2238. (And it funded that by using funds from the QAA, so that's working OK for me.) Can you type and drive Chris? (in my experience its never a good idea to commit code just before a board meeting) Maybe next time Chris will let the train take the strain so he can type and travel at the same time? Crikey, mike thats one of your more impressive post amalgums I confess currently I am scratching my head as to the point of todays changes to the MLIA, other than I presume necessary for discounts/GAA functionality. The previous system seems to work quite well & was reasonably simple. If I wanted £20 of a loan, I set my target to £20 & the system chundered away until it had bought it. If I wanted more I could either chose the amount to add or change the total, same if I wanted to reduce, Once Id got my target, in the case of amortising loans I could disable the system or not, to allow the loan to amortise or be topped up to my target on each repayment (plus disable any nasty surprises) Now if I want to increase/decrease I have to do maths probably involving fractions and presumably for amortising loans if I want to maintain my holding I will have to set a new buy order each month (What happens to orders when complete - are they deleted or just paused?) I also have multiple options for each order. Seems very complicated compared to other sites paying similar or better rates. I like AC ideas and concepts, but wonder if its all becoming a bit overcomplicated ever for me. Time will tell
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Sept 9, 2015 22:27:41 GMT
Maybe its not available at par in which case your instruction would be ignored. : AIUI, if a buy instruction is placed at par it should buy anything that's available, including parts offered at a discount, Yes, Ive worked that one out now. Been starring at it all on a phone which isnt the best medium for getting head round it. On a big computer now and its making more sense (ie I can read the small print)
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mikes1531
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Post by mikes1531 on Sept 9, 2015 22:34:37 GMT
Right, I have withdrawn £25k from a BS. What are the chances I can get it into my bank and on to QAA before it hits the max? Probably not very good inasmuch as there's over £0.5M that's been put into the QAA already this evening. But AC could decide to increase the maximum in order to avoid disappointing too many people. And there's bound to be a fair amount of 'turnover' in the QAA as loan parts are bought and sold, since I presume the money from sold parts will go to the back of QAA queue. I wonder if AC intend to let us know how long the QAA queue is once the maximum is reached. chris?
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Post by pepperpot on Sept 9, 2015 22:44:48 GMT
Well I've just tried to buy that £9.25 available 186 Ribble Valley. Plenty cash in my QAA, set to invest all idle funds, and set my new target to buy £9.25 but nothing has happened. Tell me why in the morning, Chris  and there's £143.03 available in 179 Pepper<pot> and my settings are to buy £199, so why haven't I bought that £143.03? I might. If you ask nicely. As it happens I've just picked up £19.08 in 179, but the £143.03 remains the same.
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ilmoro
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Post by ilmoro on Sept 9, 2015 22:53:39 GMT
Well I've just tried to buy that £9.25 available 186 Ribble Valley. Plenty cash in my QAA, set to invest all idle funds, and set my new target to buy £9.25 but nothing has happened. Tell me why in the morning, Chris and there's £143.03 available in 179 Pepper<pot> and my settings are to buy £199, so why haven't I bought that £143.03? I might. If you ask nicely. As it happens I've just picked up £19.08 in 179, but the £143.03 remains the same. Maybe it shows sums for sale even if the instructions are disabled, like the old system.
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mikes1531
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Post by mikes1531 on Sept 10, 2015 1:10:51 GMT
Now if I want to increase/decrease I have to do maths probably involving fractions and presumably for amortising loans if I want to maintain my holding I will have to set a new buy order each month. I also have multiple options for each order. Seems very complicated compared to other sites paying similar or better rates. I like AC ideas and concepts, but wonder if its all becoming a bit overcomplicated ever for me. Time will tell This update does seem to make setting targets much more complicated. I tend to set targets slightly above my holdings and then increase them slightly when my holdings increase to near their targets. To do that now, I have to delete the old buy order and create a new one to replace it, requiring a lot more mouse clicks -- or screen taps -- to achieve a simple adjustment. Not to mention the maths required if you want to keep targets as round numbers. This will get easier when we're allowed to have multiple buy orders. If I want to increase my target by £25, all I'll have to do is create another £25 buy order. What happens to orders when complete - are they deleted or just paused? As near as I can tell, they remain visible in your History, but there's nothing you can do with them. If you want to do something more, you put in a new order.
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Post by chris on Sept 10, 2015 3:41:22 GMT
Right, I have withdrawn £25k from a BS. What are the chances I can get it into my bank and on to QAA before it hits the max? Probably not very good inasmuch as there's over £0.5M that's been put into the QAA already this evening. But AC could decide to increase the maximum in order to avoid disappointing too many people. And there's bound to be a fair amount of 'turnover' in the QAA as loan parts are bought and sold, since I presume the money from sold parts will go to the back of QAA queue. I wonder if AC intend to let us know how long the QAA queue is once the maximum is reached. chris? Yes we'll look at ways of showing the queue. The queue isn't quite as simple as showing a number as your funds may be in several places in the queue, from deposits or actions at different times, so we need to find a good way to show that. Until yesterday we had a simple queue size figure on the dashboard but it was misleading.
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Post by chris on Sept 10, 2015 3:44:39 GMT
Will look into the aftermarket when I get to Stockport. From a quick look at the logs there's a single user account that's throwing an error when they try and buy a loan unit which is stopping the process for the loans they have targets in. Will resolve asap.
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Post by bracknellboy on Sept 10, 2015 6:38:31 GMT
Doing something simple in the MLIA like adjusting an unachieved target up or down slightly has become complex involving many more clicks and mental arithmetic. I think they've been listening to too many usability experts. I've not looked, but this sounds a bit of a reversion to AC's prior philosphical position, when for a short period everything had to be done by 'adjust my target by this delta': until the clamour of the masses saying 'I just want to set an absolute exposure amount: it really is that simple' forced a change. Has AC forgotten that lesson or were they always secretely smarting, never did quite believe us, and was always looking for an opp. to revert ?
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sqh
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Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Sept 10, 2015 7:08:08 GMT
This update does seem to make setting targets much more complicated. I tend to set targets slightly above my holdings and then increase them slightly when my holdings increase to near their targets. To do that now, I have to delete the old buy order and create a new one to replace it, requiring a lot more mouse clicks -- or screen taps -- to achieve a simple adjustment. Not to mention the maths required if you want to keep targets as round numbers. This will get easier when we're allowed to have multiple buy orders. If I want to increase my target by £25, all I'll have to do is create another £25 buy order. Yep, seems like we are just one release away from a City Trading version, with floating stops, exponential averaging charts and ichimoku cloud analysis. Sign up to AC's private forum board and get a free squawk box.
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jonah
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Post by jonah on Sept 10, 2015 7:22:51 GMT
Doing something simple in the MLIA like adjusting an unachieved target up or down slightly has become complex involving many more clicks and mental arithmetic. I think they've been listening to too many usability experts. I've not looked, but this sounds a bit of a reversion to AC's prior philosphical position, when for a short period everything had to be done by 'adjust my target by this delta': until the clamour of the masses saying 'I just want to set an absolute exposure amount: it really is that simple' forced a change. Has AC forgotten that lesson or were they always secretely smarting, never did quite believe us, and was always looking for an opp. to revert ? With only 1x order per loan, I can't currently see many advantages of new over old. It's more complicated but allows you to do the same things. The one currently there is that an amortised loan will stop trying to top up on capital repayments once you get to target automatically. With (in the future) multiple orders per loan I can see theoretical advantages, such as buy if 10% discount is available and immediately sell at 5% discount. I say theoretical as that depends on enough people using discounts to drive that sort of behaviour. Another advantage is the option to have changes in behaviour in the future. I have loans I want to sell at specific points in the future which are currently spreadsheet driven. Give me more orders and I can put that into the website. Same with buy orders future dated, but that stop as soon as there is a credit event. It allows for discount selling, which isn't something I've personally been massively wanting but can kind of see the point. It is a long way from KISS and I don't see the real power until you get multiple orders per loan, but it should be powerful when that happens. I'm guessing that people interested in a 'better than bank' interest rate won't be interested due to the complexity and learning curves, but then that is what the GBBA is for.
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bob76
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Post by bob76 on Sept 10, 2015 7:26:10 GMT
Do we know how interest is calculated?
If I put £100 at 8am today, will I get interest if the sum stays for a full 24 hours, or if the sum is there by midnight or...
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jonah
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Post by jonah on Sept 10, 2015 7:34:20 GMT
Do we know how interest is calculated? If I put £100 at 8am today, will I get interest if the sum stays for a full 24 hours, or if the sum is there by midnight or... Midnight is the key time AIUI
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