SteveT
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Post by SteveT on Sept 10, 2015 7:40:41 GMT
It would simplify matters if there was still an option to create / calculate your order by entering the target holding that you're trying to achieve and clicking "Calculate" (or similar)
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bigfoot12
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Post by bigfoot12 on Sept 10, 2015 7:58:04 GMT
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. I think many people were unhappy that amortising loans didn't amortise from the lender's point of view, so this is a fix as far as I can see. I think that there was a divided opinion with what should happen after a credit (monitoring) event. Some (me) wanted the the loan to stay suspended until they intervened, others wanted trading to continue one the issue was resolved. Now we can choose. We can sell loans at a discount which many people have been calling for. (I am a little disappointed that the minimum discount is 1%.) You can choose to buy loans only if they are offered at a discount.
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Post by chris on Sept 10, 2015 8:37:08 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 ? The change in philosophy has been due to the launch of the investment accounts and the simplification they bring. The investment accounts are targeted at the fire and forget retail crowd who aren't interested in micro-managing their funds. The MLIA is moving towards being the power user's tool which is more complex, has a steeper learning curve, but offers more control for those that want it and want to invest their time in running their portfolio to maximise their return. We're likely to add more options to it over time, perhaps hidden behind an advanced panel. At the even more advanced end an API is still on the cards and will follow later this year. And for the middle ground we have an idea for a minimally configurable bespoke investment account, a stripped down version of what we were planning before, where you can enter a few basic settings such as maximum LTV, types of security you want included in the LTV, class of loan you want to invest in, and the rate of return you want. It'll then invest as best it can within those parameters. Perhaps there is a scope for a simplified MLIA where you do just set your maximum exposure and the site then invests your funds across all those loans, but I haven't really given that any thought yet so I'm not sure. Once executed those plans, along with a couple of other investment accounts, should give a full suite of investment options for all types of investor.
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ianj
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Post by ianj on Sept 10, 2015 8:39:56 GMT
Many people may well be equally unhappy that automatic maintenance of their target is no longer possible. If you wanted your target to amortise in line with repayments you could disable investment on individual loans, then forget it. The current situation requires constant monitoring/action if holdings are to be retained. Perhaps chris could explain why this was 'fixed' when it wasn't broken. 
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Post by chris on Sept 10, 2015 8:50:03 GMT
Many people may well be equally unhappy that automatic maintenance of their target is no longer possible. If you wanted your target to amortise in line with repayments you could disable investment on individual loans, then forget it. The current situation requires constant monitoring/action if holdings are to be retained. Perhaps chris could explain why this was 'fixed' when it wasn't broken. Most lender feedback we had received wanted the system to work the other way round, where holdings in amortising loans weren't updated. The buy / sell order system was the only way we could think of that would give suitable control over buying / selling at a discount / premium. Thus it made sense to us to implement it in this way. It's possible that we can add a feature to the buy orders to maintain a certain max investment. I'll look into it.
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jonah
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Post by jonah on Sept 10, 2015 8:52:43 GMT
Buying seems to be stuck again. I've got six loans with buy orders and units available but not trading. I did have a couple of trades overnight so it seems hit and miss, but more miss currently.
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Post by chris on Sept 10, 2015 8:54:38 GMT
Buying seems to be stuck again. I've got six loans with buy orders and units available but not trading. I did have a couple of trades overnight so it seems hit and miss, but more miss currently. Looking into it this morning as and when I can between important points in the board meeting. There's one lender account that's throwing an error when trying to invest, so any loans that user is trying to invest in aren't being processed at the moment. Other loans are working fine.
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oldgrumpy
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Post by oldgrumpy on Sept 10, 2015 9:01:19 GMT
Well .... something is happening with my QAA; various bits and pieces have been bought, but throughout my portfolio (on fourteen loans) there are instructions to buy various amounts, there are parts available for sale, yet I haven't been allowed to buy them. Why? I did get a bit of Pepperpot, but not the £199 I had instructed, yet there is still £200+ available. Why hasn't the whole instruction been implemented when there are units available? My £9.25 Ribble (that is what was available last night) instruction has still been ignored, yet there is now £400+ of units available.
Yes, these are trivial amounts, but that was me testing whether the new improved (!) system is operating properly. It isn't.
Yet ...... unfortunately.
There's one lender account that's throwing an error when trying to invest, so any loans that user is trying to invest in aren't being processed at the moment. Other loans are working fine.
So how come more than one lender is reporting non-buying glitches? (Am I that rogue account?)
Edit.. forget that glitch question. I've just understood what your statement actually meant. Everthing that user is trying to invest in is kapot for all the rest of us.
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Post by hayhurst on Sept 10, 2015 9:25:54 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. Any update on when loans with "events" will be tradeable? Still on for today?
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Post by chris on Sept 10, 2015 9:28:09 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. Any update on when loans with "events" will be tradeable? Still on for today? Possibly today, worst case is tomorrow. Depends on how much coding / testing I can sneak in whilst in the board meeting.
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ianj
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Post by ianj on Sept 10, 2015 9:34:07 GMT
Many people may well be equally unhappy that automatic maintenance of their target is no longer possible. If you wanted your target to amortise in line with repayments you could disable investment on individual loans, then forget it. The current situation requires constant monitoring/action if holdings are to be retained. Perhaps chris could explain why this was 'fixed' when it wasn't broken. Most lender feedback we had received wanted the system to work the other way round, where holdings in amortising loans weren't updated. The buy / sell order system was the only way we could think of that would give suitable control over buying / selling at a discount / premium. Thus it made sense to us to implement it in this way. It's possible that we can add a feature to the buy orders to maintain a certain max investment. I'll look into it. I well remember the discussion (and the, sometimes, heated sentiments expressed) from last year. Having listened to the debate you achieved a situation where all lenders requirements were catered for through improved system functionality. It's 'unfortunate' to find that we've regressed to the point where it appears that only one point of view can be satisfied. Please keep looking....and listening.
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gnasher
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Post by gnasher on Sept 10, 2015 10:20:32 GMT
OK, just transfered some cash directly into my QAA from my bank. That worked ok and I got in before the 1M cut off. Having done that I notice that my "Your total investment" at the top of my dashboard - black section - has not changed, still showing what it was before. So this seems to include QAA money "lent from idle funds" but not "direct investment". Seems odd - another tweak to the code required I think.
I am now unclear how my "direct investment" sum will be used. Once my "lent from idle funds" sum has been depleted by my MLIA and GBBA buy instructions will it automatically start using my "direct investment" money, or do I need to do something to enable that? If so what, I do not seem able to add money to my MLIA from my QAA.
Seems like I need to liquidate from QAA into cash, allocate to MLIA, then have it auto-swept back into QAA. Seems a bit tedious, plus could miss out if the fund is full at its 1M limit. I would then end up outside the QAA and in the queue. That can't be right.
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ilmoro
Member of DD Central
'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 10, 2015 10:29:21 GMT
OK, just transfered some cash directly into my QAA from my bank. That worked ok and I got in before the 1M cut off. Having done that I notice that my "Your total investment" at the top of my dashboard - black section - has not changed, still showing what it was before. So this seems to include "lent from idle funds" but not "direct investment". Seems odd - another tweak to the code required I think. I am now unclear how my "direct investment" sum will be used. Once my "lent from idle funds" sum has been depleted by my MLIA and GBBA buy instructions will it automatically start using my "direct investment" money, or do I need to do something to enable that? If so what, I do not seem able to add money to my MLIA from my QAA. Seems like I need to liquidate from QAA into cash, allocate to MLIA, then have it auto-swept back into QAA. Seems a bit tedious, plus could miss out if the fund is full at its 1M limit. I would then end up outside the QAA and in the queue. That can't be right. My understanding is no. You will need to transfer your direct investment sum to cash, then from cash to the relevant investment account (MLIA). In theory, it will never actually leave the GAA if you have GAA set to include all idle funds including cash. Edit. Question is whether by doing that your cash loses its place in the GAA queue.
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jonah
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Post by jonah on Sept 10, 2015 10:36:54 GMT
OK, just transfered some cash directly into my QAA from my bank. That worked ok and I got in before the 1M cut off. Having done that I notice that my "Your total investment" at the top of my dashboard - black section - has not changed, still showing what it was before. So this seems to include "lent from idle funds" but not "direct investment". Seems odd - another tweak to the code required I think. I am now unclear how my "direct investment" sum will be used. Once my "lent from idle funds" sum has been depleted by my MLIA and GBBA buy instructions will it automatically start using my "direct investment" money, or do I need to do something to enable that? If so what, I do not seem able to add money to my MLIA from my QAA. Seems like I need to liquidate from QAA into cash, allocate to MLIA, then have it auto-swept back into QAA. Seems a bit tedious, plus could miss out if the fund is full at its 1M limit. I would then end up outside the QAA and in the queue. That can't be right. My understanding is no. You will need to transfer your direct investment sum to cash, then from cash to the relevant investment account (MLIA). In theory, it will never actually leave the GAA if you have GAA set to include all idle funds including cash. QAA not GAA.  I would assume that cash would have to leave QAA though to get swept back in... The logs for GBBA when I moved cash to MLIA suggested just that. So you could end up hitting the limit if it was there. However I'm guessing that the limit will be tweaked upwards over time.
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Post by pepperpot on Sept 10, 2015 10:37:44 GMT
OK, just transfered some cash directly into my QAA from my bank. That worked ok and I got in before the 1M cut off. Having done that I notice that my "Your total investment" at the top of my dashboard - black section - has not changed, still showing what it was before. So this seems to include "lent from idle funds" but not "direct investment". Seems odd - another tweak to the code required I think. I am now unclear how my "direct investment" sum will be used. Once my "lent from idle funds" sum has been depleted by my MLIA and GBBA buy instructions will it automatically start using my "direct investment" money, or do I need to do something to enable that? If so what, I do not seem able to add money to my MLIA from my QAA. Seems like I need to liquidate from QAA into cash, allocate to MLIA, then have it auto-swept back into QAA. Seems a bit tedious, plus could miss out if the fund is full at its 1M limit. I would then end up outside the QAA and in the queue. That can't be right. My understanding is no. You will need to transfer your direct investment sum to cash, then from cash to the relevant investment account (MLIA). In theory, it will never actually leave the GAA if you have GAA set to include all idle funds including cash. It might, for a nano second, giving you a new queue position. When a new loan draws (or u/w funds called) it should free up a chunk of space in QAA, so the time to invest will depend on deal flow. There's also been a heavy hint that the £1m cap may be increased if it proves popular. Edit; missed your edit!
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