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Post by Deleted on Sept 25, 2015 7:32:31 GMT
Sometimes "Trading Suspended" is shown on the left column in the Invested report and sometimes it is not shown, but if you click through to a loan you discover it is "Trading Suspended"
WHY?
And another thing
Has anyone worked out how to maintain a holding at a fixed figure. Under the old system you just set say £800 and as the capital paid back the system bought more from the shrapnel. How do you set up the system to maintain the £800? I'm a bit concerned, for instance, if I hold £779 at the moment and I load £800 I could end up with £1579 or if I set it to £21 I could end up with £21. If I add £21 I feel I might never reach £800 and once I get the £21 I'll have to fiddle around time and time again just to keep the numbers simple.
Aaargh....
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SteveT
Member of DD Central
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Post by SteveT on Sept 25, 2015 8:25:50 GMT
I believe we're shortly due to transition to "retro-predictive ordering" whereby the system buys (or sells) precisely what you were minded to consider having bought (or sold) before you vaguely wondered about changing your buy (or sell) order to something that made more (or less) sense. The objective is to reach a point where everyone is so confused about what they may (or may not) be trying to buy (or sell) that no-one notices the almost total absence of new loans.
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ianj
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Post by ianj on Sept 25, 2015 8:26:04 GMT
Re 'another thing'..... ....totally agree with your frustration. We were told a couple of weeks back by chris that 'It's possible that we can add a feature to the buy orders to maintain a certain max investment. I'll look into it.', in this post. He's probably got a few other things to 'look into' on returning from holiday.
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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 25, 2015 8:29:53 GMT
Suggested the 'monitoring loans' needed the tag on the list as confusing, AH looking into it. Supposed to be tradeable imminently once Chris has tested it works....
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paulgul
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Post by paulgul on Sept 25, 2015 10:10:37 GMT
I believe we're shortly due to transition to "retro-predictive ordering" whereby the system buys (or sells) precisely what you were minded to consider having bought (or sold) before you vaguely wondered about changing your buy (or sell) order to something that made more (or less) sense. The objective is to reach a point where everyone is so confused about what they may (or may not) be trying to buy (or sell) that no-one notices the almost total absence of new loans. Good to have it explained so clearly 
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Post by hayhurst on Sept 25, 2015 10:10:48 GMT
It has been a very long time since trading of loans with events was disabled. It is annoying when you bought in to them expecting to be able to sell at a later date only to have the functionality removed.
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sl75
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Post by sl75 on Sept 25, 2015 12:18:16 GMT
Has anyone worked out how to maintain a holding at a fixed figure. Under the old system you just set say £800 and as the capital paid back the system bought more from the shrapnel. How do you set up the system to maintain the £800? I'm a bit concerned, for instance, if I hold £779 at the moment and I load £800 I could end up with £1579 or if I set it to £21 I could end up with £21. If I add £21 I feel I might never reach £800 and once I get the £21 I'll have to fiddle around time and time again just to keep the numbers simple. Aaargh.... In essence, the only way I found is to watch your statement like a hawk, and the moment a "principal repayment" appears, you then need to note down the loan number, go to the "your loans" page, find the same loan, go onto the specific loan page, press the button to cancel your existing instruction, confirm the "are you sure" prompt, then press the "close" button to close the pop-up box. After this, consult your offline notes for what your target was, subtract the current holding, and this is the figure you need to enter as a "buy" instruction. Press the "invest" button, enter the amount you calculated, adjust any options if necessary (as the system doesn't remember whether you want buy instructions to auto-pause or not), and press continue. Confirm the next "are you sure" prompt, and then close this pop-up box. Then go back to the statement to check for any further "principal repayment", and if so repeat the entire convoluted process. If you don't mind leaving the targets below your intended level for a few days, you could instead periodically compare the sum of the buying instruction and the present holding against your offline notes with your intended targets written on them... but then the process for adjusting an existing target remains just as convoluted.
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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 25, 2015 12:20:49 GMT
Actually just over 2 weeks since the launch of the QAA in the case of the loans with 'monitoring events' which Bobo's referring to. Have loans in an Insolvency process ever been tradeable, FF wasnt as far as I recall (think that was the first)?
Incidentally, for ease of reference, the ones that aernt flagged as suspended but are, have purple trading status (NO) in the impaired loans list (pink restricted AC board)
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Post by Deleted on Sept 25, 2015 12:21:13 GMT
So, relatively simple then.
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bigfoot12
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Post by bigfoot12 on Sept 25, 2015 12:23:02 GMT
Has anyone worked out how to maintain a holding at a fixed figure. Under the old system you just set say £800 and as the capital paid back the system bought more from the shrapnel. How do you set up the system to maintain the £800? I'm a bit concerned, for instance, if I hold £779 at the moment and I load £800 I could end up with £1579 or if I set it to £21 I could end up with £21. If I add £21 I feel I might never reach £800 and once I get the £21 I'll have to fiddle around time and time again just to keep the numbers simple. Aaargh.... In essence, the only way I found is to watch your statement like a hawk, and the moment a "principal repayment" appears, you then need to note down the loan number, go to the "your loans" page, find the same loan, go onto the specific loan page, press the button to cancel your existing instruction, confirm the "are you sure" prompt, then press the "close" button to close the pop-up box. After this, consult your offline notes for what your target was, subtract the current holding, and this is the figure you need to enter as a "buy" instruction. Press the "invest" button, enter the amount you calculated, adjust any options if necessary (as the system doesn't remember whether you want buy instructions to auto-pause or not), and press continue. Confirm the next "are you sure" prompt, and then close this pop-up box. Then go back to the statement to check for any further "principal repayment", and if so repeat the entire convoluted process. If you don't mind leaving the targets below your intended level for a few days, you could instead periodically compare the sum of the buying instruction and the present holding against your offline notes with your intended targets written on them... but then the process for adjusting an existing target remains just as convoluted. Now that sounds like exactly like the sort of thing that will become much easier when the API is launched.
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ianb
Posts: 161
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Post by ianb on Sept 25, 2015 18:54:57 GMT
And another thing Has anyone worked out how to maintain a holding at a fixed figure. Under the old system you just set say £800 and as the capital paid back the system bought more from the shrapnel. How do you set up the system to maintain the £800? I'm a bit concerned, for instance, if I hold £779 at the moment and I load £800 I could end up with £1579 or if I set it to £21 I could end up with £21. If I add £21 I feel I might never reach £800 and once I get the £21 I'll have to fiddle around time and time again just to keep the numbers simple. Aaargh.... I emailed AC to complain about this and ask they consider reinstating the old functionality to set a target by a loan level switch which will auto generate or add to an existing buy order to restore the target which shouldn't be too difficult to achieve (says I). To me the new way is just bloody annoying as every month I have to get the calculator out and adjust buy orders or whatever they are called on any loan I want to keep a set target.
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Post by chris on Sept 25, 2015 19:37:18 GMT
And another thing Has anyone worked out how to maintain a holding at a fixed figure. Under the old system you just set say £800 and as the capital paid back the system bought more from the shrapnel. How do you set up the system to maintain the £800? I'm a bit concerned, for instance, if I hold £779 at the moment and I load £800 I could end up with £1579 or if I set it to £21 I could end up with £21. If I add £21 I feel I might never reach £800 and once I get the £21 I'll have to fiddle around time and time again just to keep the numbers simple. Aaargh.... I emailed AC to complain about this and ask they consider reinstating the old functionality to set a target by a loan level switch which will auto generate or add to an existing buy order to restore the target which shouldn't be too difficult to achieve (says I). To me the new way is just bloody annoying as every month I have to get the calculator out and adjust buy orders or whatever they are called on any loan I want to keep a set target. I've already said that we'll give you an option in the next couple of weeks for doing so, whereby a buy order will maintain a particular holding in a loan even as it amortises. The sell order variation will do the same thing except will deactivate when the target is reached. It was changed due to the number of people who grumbled and complained about that old way of doing things. The previous interface also didn't lend itself to dealing with buying and selling at a discount.
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ianb
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Post by ianb on Sept 26, 2015 4:27:40 GMT
I emailed AC to complain about this and ask they consider reinstating the old functionality to set a target by a loan level switch which will auto generate or add to an existing buy order to restore the target which shouldn't be too difficult to achieve (says I). To me the new way is just bloody annoying as every month I have to get the calculator out and adjust buy orders or whatever they are called on any loan I want to keep a set target. I've already said that we'll give you an option in the next couple of weeks for doing so, whereby a buy order will maintain a particular holding in a loan even as it amortises. The sell order variation will do the same thing except will deactivate when the target is reached. It was changed due to the number of people who grumbled and complained about that old way of doing things. The previous interface also didn't lend itself to dealing with buying and selling at a discount. That would be really great (though its the first i'd heard of it).
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ianj
Member of DD Central
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Post by ianj on Sept 26, 2015 6:44:25 GMT
I emailed AC to complain about this and ask they consider reinstating the old functionality to set a target by a loan level switch which will auto generate or add to an existing buy order to restore the target which shouldn't be too difficult to achieve (says I). To me the new way is just bloody annoying as every month I have to get the calculator out and adjust buy orders or whatever they are called on any loan I want to keep a set target. <snip> It was changed due to the number of people who grumbled and complained about that old way of doing things. <sip> Amazing! People who were content with the the 'the old way', maybe even considered it as an improvement, didn't grumble about it. Can't think why not!  Really glad to see you're still listening. 
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Post by chris on Sept 26, 2015 7:23:30 GMT
<snip> It was changed due to the number of people who grumbled and complained about that old way of doing things. <sip> Amazing! People who were content with the the 'the old way', maybe even considered it as an improvement, didn't grumble about it. Can't think why not! Really glad to see you're still listening. A couple of people spoke up but in general the feeling imparted was one that it wasn't how people wanted it to work. Hopefully with the changes we can accommodate both groups. We always do our best to listen.
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