awk
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Post by awk on Nov 24, 2015 16:29:47 GMT
Let's remember that this isn't like FC where you can set premiums/discounts and make money by flipping new issues and poorly priced parts on the SM. I've done both manually and soon realized that without automation you are earning far less than the minimum wage.
On SS you can't sell on at a profit, or even transfer between accounts, so the only real use for 'faster than the human hand' bots is to quickly build YOURSELF a well balanced portfolio - which I have done over about 2 months by pre-funding and diversifying whenever the opportunity arises ..... and yes, I did set yesterday's pre-fund at x6 what I wanted, but hey it's not rocket science.
So, am I missing something, or is the use of automation/bots/HTML just a bit of fun which will quickly get the individual quickly invested but not something to build a business on?
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mike
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Post by mike on Nov 24, 2015 16:53:54 GMT
Can you not use a bot to buy parts during the day, get the interest once midnight rolls over and then sell the loans to balance your account. Do this every day by £1000's and it adds up, or have I missed something?
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awk
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Post by awk on Nov 24, 2015 17:05:48 GMT
Good idea, .... I mean point
If that's what's going on, then I'd hope that SS would soon put something in place which allows occasional accidents, but not systematic abuse. It should be very easy to spot.
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Post by westcountryfunder on Nov 24, 2015 17:26:27 GMT
..... and yes, I did set yesterday's pre-fund at x6 what I wanted, but hey it's not rocket science. Well no, it's not rocket science. But it abusing the system and everyone else who wants a share of the action and acts more modestly. I suppose we could all pre-bid for 6x what we want, or 10x, or 20x, or 100x for all I know. If we all do that then we shall achieve nothing and SS will have gained a misleading impression of the level of demand. As usual and as applies in other aspects of life, the antics of a minority, whilst not breaking any rules, spoil the scene for everyone else.
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Post by smrutib on Nov 24, 2015 18:46:18 GMT
There are a lot of things that are great about the SS model but there are major implementation issues. I just cannot spend all my time refreshing the loans page like a lovelorn teenager. To build a well diversified portfolio using prefunding will probably take months, maybe more, now that we are in a race to the bottom (or top) in terms of how people are bidding there. I am moving most of my money off the platform. As I like their basic model, will keep monitoring them to see if they fix their website and the bidding process.
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Post by supernumerary on Nov 24, 2015 19:13:32 GMT
Dear SavingStream, Could you please bring back the 'Accrued Interest' column? I know it's not crucial but I miss not seeing my interest increase at midnight!! I agree with you, that the accrued interest column is helpful. However, I have never stayed up to midnight to watch the interest increase... If there is a Saving Stream Anorak Award, I would put your name forward as a candidate...  I think the previous post by Saving Stream addresses your suggestion. There are several improvements still in the development stage, including improving users individual choices of how they view the data along with the csv export of their loanparts portfolio. We felt it was important to get the site live with people using it and then make the small changes and improvements in due course.
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paulg
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Post by paulg on Nov 24, 2015 20:01:33 GMT
However, I have never stayed up to midnight to watch the interest increase... If there is a Saving Stream Anorak Award, I would put your name forward as a candidate... Some of us are retired and, as such, view days of the week and hours on the clock as artificial and meaningless divisions of unending free time, slavishly adhered to only by those inhabiting the artificial realm of 'work'. Whilst acknowledging that those poor s*ds who inhabit that realm are providing us with the pensions with which to dabble on here (and long may they continue to do so!) I don't think that gives them the right to sneer at those of us who have reached a higher level of existence! Furthermore, having monitored every extra £100k slipped in progressively by Saving Stream to those loans which weren't fully pre-funded, and every extra £20k they slipped into PBL064 to distort our calculations of total pre-funding, I am very disappointed that you would nominate someone else for the "Saving Stream Anorak Award" - a title which is obviously mine.  
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Post by chrisuk on Nov 24, 2015 20:20:00 GMT
Dear SavingStream, Could you please bring back the 'Accrued Interest' column? I know it's not crucial but I miss not seeing my interest increase at midnight!! I agree with you, that the accrued interest column is helpful. However, I have never stayed up to midnight to watch the interest increase... If there is a Saving Stream Anorak Award, I would put your name forward as a candidate... I think the previous post by Saving Stream addresses your suggestion. Thank you 'Supernumerary' for nominating me for the 'Anorak' award. But I think it's only fair for me to point out that I don't get home from work until 10.15pm most days 
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Post by highlandtiger on Nov 24, 2015 22:29:54 GMT
I actually think the site is working just fine. I think the main problem is that there are too many people wanting too few loans. Simple supply and demand.
I have to laugh at the people getting stressed because they can't invest what they want. As if they actually have a god given right to invest what they want, when they want. And if they don't get what they want, then they are going to take away their ball, (or money in this case), and go and play with someone else.
Think yourself lucky you've actually found somewhere where you can get 12% interest. The 99.999999% of the rest of the population think they are doing well if they can get 3% interest on their money in a bank.
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Liz
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Post by Liz on Nov 24, 2015 22:38:57 GMT
OK, now I can't prefund loans on my Android phone. Checked on windows and I can, which makes prefunding an inconvenience on the new site.
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paulgul
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Post by paulgul on Nov 24, 2015 22:45:37 GMT
OK, now I can't prefund loans on my Android phone. Checked on windows and I can, which makes prefunding an inconvenience on the new site. Just tried on an android tablet, Samsung tab3, and it works ok. What do you have trouble with, the drop down menu?
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paulg
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Post by paulg on Nov 24, 2015 23:04:37 GMT
OK, now I can't prefund loans on my Android phone. Checked on windows and I can, which makes prefunding an inconvenience on the new site. I can prefund on an Android using a little Xperia Tipo 'phone. Not that I use the 'phone anymore for savingstream since the new website was forced on us. The multiple pages and boxes, the lack of ability to select a line view, the extremely limited amount of information on one screen, and not being allowed to switch to a desktop view all make it totally impractical. But I can get through the prefund process.
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Bagman
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Post by Bagman on Nov 25, 2015 2:02:13 GMT
with an Android phone / tablet you can request the desktop site for any website from the browser options menu, this has helped me a few times when the mobile site was not working as expected.
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SteveT
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Post by SteveT on Nov 25, 2015 7:08:58 GMT
with an Android phone / tablet you can request the desktop site for any website from the browser options menu, this has helped me a few times when the mobile site was not working as expected. There's a "Request Desktop Site" button in Safari on my iPhone too, but the new SavingStream website doesn't respond to it so I'm stuck with the mobile version.
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Liz
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Post by Liz on Nov 25, 2015 9:23:04 GMT
OK, now I can't prefund loans on my Android phone. Checked on windows and I can, which makes prefunding an inconvenience on the new site. Just tried on an android tablet, Samsung tab3, and it works ok. What do you have trouble with, the drop down menu? The drop down menu doesn't appear, that's the problem.
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