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 May 25, 2016 11:21:21 GMT
Could be that QAA size is being restricted to promote some of the money flowing into 30DAA. In any event my queued money for QAA is showing both under QAA and under 30DAA queue. Maybe something to look into for chris They are the same thing AIUI, the 30DAA is just a subset of funds within the QAA, so effectively its the same queue so all entries appear in both. The cap is a cumulative one across both accounts (20m last time I looked) Money queued for direct investment in QAA or 30DAA account is effectively queueing for same space as both take priority over swept funds Thats why until yesterday money at the front of the QAA hadnt moved much if it was swept funds, whereas money at the back was moving because any direct QAA/30DAA money was jumping to the head of the queue when headroom was created. With the modest drawdown yesterday, swept MLIA/GBAA cash at the front got invested so the whole queue shunted forwards. Along as their is money waiting to get into QAA directly or 30DAA swept funds are going nowhere IMO without a cap lift or a drawdown/MLIA/GBBA outflow
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mikes1531
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Post by mikes1531 on May 25, 2016 19:20:44 GMT
Along as their is money waiting to get into QAA directly or 30DAA swept funds are going nowhere IMO without a cap lift or a drawdown/MLIA/GBBA outflow As Chris said earlier, all we need is for a few loans to draw down and the situation will improve considerably. The good news is that in addition to the £517k loan with the estimated drawdown date of two days ago, there's a further £785k of loans with an estimated drawdown date of the end of the week. Time to cross fingers...
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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 May 25, 2016 20:03:40 GMT
Along as their is money waiting to get into QAA directly or 30DAA swept funds are going nowhere IMO without a cap lift or a drawdown/MLIA/GBBA outflow As Chris said earlier, all we need is for a few loans to draw down and the situation will improve considerably. The good news is that in addition to the £517k loan with the estimated drawdown date of two days ago, there's a further £785k of loans with an estimated drawdown date of the end of the week. Time to cross fingers... Indeed, and toes. The pending drawdowns will take care of the queue but will instantly be replaced if the 1.25m due back Fri arrives, so ideally that wont happen.
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Post by chielamangus on May 26, 2016 8:34:53 GMT
There does seem to be a constant churning of money which in the past, when few or no loans were drawing, has resulted in my queued money getting into the QAA fairly quickly to my mind, taking a few days or a week depending on the q size. If I'm interpreting my account correctly, it looks like some funds that arrived at 2226 on the 19th are getting very close to the front of the queue, so that's taken 4 days. I am completely ignorant of the size of the queue and where I am in it. Where is all this information displayed? One cannot make any sensible decision without it.
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Post by pepperpot on May 26, 2016 9:15:20 GMT
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lobster
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Post by lobster on May 26, 2016 10:55:03 GMT
Apologies in advance if I'm being a bit thick here, but I don't understand why various people are talking about queuing funds for the QAA  As far as I can see on my dashboard , the only QAA limit is a personal one for £100,000 per investor. There used to be a fund size limit of £15,000,000 but that seems to have gone now ?? No limit on 30 day account either. So why is anyone queuing for the QAA - shouldn't investments be taken up immediately ?? I'm obviously missing something here , and would be grateful if someone could explain - thanks. *** EDIT - Ah it looks like there IS a limit - 20m for QAA and 30DAA combined . Doesn't say that on the dashboard though ?? *** |
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SteveT
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Post by SteveT on May 26, 2016 10:58:45 GMT
Apologies in advance if I'm being a bit thick here, but I don't understand why various people are talking about queuing funds for the QAA As far as I can see on my dashboard , the only QAA limit is a personal one for £100,000 per investor. There used to be a fund size limit of £15,000,000 but that seems to have gone now ?? No limit on 30 day account either. So why is anyone queuing for the QAA - shouldn't investments be taken up immediately ?? I'm obviously missing something here , and would be grateful if someone could explain - thanks. The account is currently capped at £20 million (QAA + 30DAA combined) but this is no longer displayed anywhere. Try adding the two account totals together!
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Post by chielamangus on May 26, 2016 11:45:20 GMT
Ah! Thank you very much. It seems I am, on the various accounts, from 6000th to 11000th (and from £600k to £1m behind) so rather a waste of time hanging in there given the loan repayment and upcoming loans profile. Wish I had known this earlier. A gripe I have about AC is that so little guidance is given on the site itself and unless one is an avid follower here one is really left behind .... And now I discover, like someone else here, that i cannot withdraw money from the queue in the 30DAA. This is crazy. It is earning nothing and I cannot move it! Is it destined to stay there forever, like a shade of the ancients unable to pass over the Styx to its final resting place, nor return to life?
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oldgrumpy
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Post by oldgrumpy on May 26, 2016 12:10:24 GMT
Stuck in the Grecian bog, eh? If you have buy instructions in your MLIA (or other accounts, I presume) I wouldn't worry if a moderate amount of cash is in the Q, because that will be used up first to make purchases as they become available.
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Steerpike
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Post by Steerpike on May 26, 2016 12:19:58 GMT
I agree, the 30 notice period should be applied only to funds that have been invested not those in the queue
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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 May 26, 2016 12:32:30 GMT
Ah! Thank you very much. It seems I am, on the various accounts, from 6000th to 11000th (and from £600k to £1m behind) so rather a waste of time hanging in there given the loan repayment and upcoming loans profile. Wish I had known this earlier. A gripe I have about AC is that so little guidance is given on the site itself and unless one is an avid follower here one is really left behind .... And now I discover, like someone else here, that i cannot withdraw money from the queue in the 30DAA. This is crazy. It is earning nothing and I cannot move it! Is it destined to stay there forever, like a shade of the ancients unable to pass over the Styx to its final resting place, nor return to life? AIUI cash queued for 30DAA will jump to the front of the queue once there is headroom in the QAA for it as it (and direct invest QAA funds) takes priority over swept funds. Money I queued for the 30DAA at 12am 20/5 was in the account 6hrs later, cash I had swept from GBBA queue from the same time or before never made it into the QAA before it made it into GBBA proper 4 days later with 271 drawdown. So dont despair on 30DAA funds but it is daft that it cant be removed form Q. I assume you have requested exact amount in queue for 30DDA rounded down as I suspect if you ask for more it will treat it as one request and as part cant be fulfilled none is? Edit: just tested last point and nope cant withdraw
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Post by lb on May 26, 2016 12:40:10 GMT
has anyone figured out yet why 4.25% with 30 days notice is better than 7% with no notice?
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Post by chielamangus on May 26, 2016 13:38:27 GMT
has anyone figured out yet why 4.25% with 30 days notice is better than 7% with no notice? Well, hitherto, I found it much easier to get into the 30DAA than either of the 7 per cent-ers.
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mikes1531
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Post by mikes1531 on May 26, 2016 14:20:13 GMT
Stuck in the Grecian bog, eh? If you have buy instructions in your MLIA (or other accounts, I presume) I wouldn't worry if a moderate amount of cash is in the Q, because that will be used up first to make purchases as they become available. That appears to work only for QAA funds. Once an instruction to put money into the 30DAA is entered, it appears that the only thing you can do is request a withdrawal in 30 days -- even if the money hasn't actually made it into the account because it's still queued!
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ben
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Post by ben on May 26, 2016 14:43:34 GMT
has anyone figured out yet why 4.25% with 30 days notice is better than 7% with no notice? At the moment it is a similar situation to other sites enough money coming in, so access is probably not an issue, but if liquidy changes you may not be able to draw your money out of the 7% one espically if someone before you tries to withdraw a hugh chunk. So it all depends on if you are going to need your investment back any time soon.
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(for me at least)
