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Post by chris on Dec 4, 2015 12:07:30 GMT
We've just upped the QAA to have a £3m maximum investment, with further rises planned in the next few weeks. There has also been a more fundamental change to the queue with the maximum investments per lender now split into £50k directly invested and a separate £25k cap on swept funds, and direct investments are prioritised in the queue ahead of swept funds. So the maximum any one lender can invest in the account is now £75k if you utilise both methods of investing.
This has been done to make sure there is a solid base of longer term investment within the account whilst still allowing swept funds to participate when there is capacity, which in turn helps us when planning the scaling of this account and with our marketing strategy for attracting new investors into the QAA. The algorithms governing the liquidity, and the investment strategies used, remain unchanged and the account will continue to be operated so that double digit percentages of the overall fund can be instantly withdrawn.
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bigfoot12
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Post by bigfoot12 on Dec 4, 2015 12:19:45 GMT
There seems to be a minor 'display issue' with the recent change. When I transfer in or out the QAA some numbers update straight away and some do not. Refreshing the page brings everything up to date.
Will direct investors knock existing swept investors out of the QAA, or merely the queue?
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Post by chris on Dec 4, 2015 12:36:55 GMT
There seems to be a minor 'display issue' with the recent change. When I transfer in or out the QAA some numbers update straight away and some do not. Refreshing the page brings everything up to date. Will direct investors knock existing swept investors out of the QAA, or merely the queue? It only affects the queue. If your swept funds are already in the account they will remain. Will raise the display issue within the team.
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sl75
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Post by sl75 on Dec 4, 2015 14:19:37 GMT
I'm sure this will make for some very interesting strategies involving "manual" movements of funds between the MLIA and the QAA next time the queue next gets too full to allow the sweep function to work...!
How long before someone writes a bot to do all the donkey-work for them? (allowing behaviour similar to the sweep function, but taking advantage of the queue prioritisation of direct investment).
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Mike
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Post by Mike on Dec 4, 2015 15:19:28 GMT
I don't think you could write a bot since you need to have the funds available to invest and you won't know when that time comes until its too late. Even with a bot. ACs 'bot' will always be faster than yours!
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bigfoot12
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Post by bigfoot12 on Dec 4, 2015 15:31:04 GMT
Even with a bot. ACs 'bot' will always be faster than yours! Like the tourist party coming across a lion, you don't have to outrun the lion merely some other tourists. The bot would put you in from of others without a bot. Not worth it for me, I think QAA is a great feature for cash management, in between repayments and new loans, but recently I have been withdrawing money every month. I won't stop withdrawing until there have been 2-3 new loans a week for several weeks running and some prediction of more to come. Might as well stick it in RS at 6%.
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Mike
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Post by Mike on Dec 4, 2015 16:20:07 GMT
The bot would put you in from of others without a bot. My understanding of AC is that queue 'position' in a loan doesn't depend on how far 'In front' of others you are. In fact queue position doesn't exist. *edit:the perspective depends on your goals. If you want to be inside QAA maybe a bot is ideal.
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bigfoot12
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Post by bigfoot12 on Dec 4, 2015 17:50:50 GMT
The bot would put you in from of others without a bot. My understanding of AC is that queue 'position' in a loan doesn't depend on how far 'In front' of others you are. In fact queue position doesn't exist I assumed (possibly incorrectly) that sl75 imagined a bot that polled his cash inside MLIA and if it wasn't sweeping into the QAA straight away moved it straight into the QAA thus jumping some part of the queue. Similarly if cash dropped below some threshold money would be moved back (to be available for purchases). The queue position being discussed is the QAA queue.
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sl75
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Post by sl75 on Dec 8, 2015 15:02:46 GMT
... direct investments are prioritised in the queue ahead of swept funds... Looks like this has either been reverted, doesn't work or is being reported incorrectly in the user interface... (my vote would be for reverting it due to the potential for "abuse" as highlighted a few posts ago). I added some funds, and put the portion unlikely to be invested any time soon into the QAA, but the swept and direct funds both ended up in adjacent positions, rather than the direct portion having a far earlier queue positition as would be implied by that part of the change.
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warn
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Post by warn on Dec 8, 2015 15:05:40 GMT
... direct investments are prioritised in the queue ahead of swept funds... Looks like this has either been reverted, doesn't work or is being reported incorrectly in the user interface... (my vote would be for reverting it due to the potential for "abuse" as highlighted a few posts ago). I added some funds, and put the portion unlikely to be invested any time soon into the QAA, but the swept and direct funds both ended up in adjacent positions, rather than the direct portion having a far earlier queue positition as would be implied by that part of the change. Agreed. I would expect all my direct investments to be ahead of my swept funds in the queue, but that's certainly not the case. It seems still to be purely chronological. Could we have an update, chris ?
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Post by chris on Dec 8, 2015 15:15:03 GMT
Will investigate. Possibly a display issue, as that is calculated separately from actual queue resolution.
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baz657
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Post by baz657 on Dec 8, 2015 15:54:10 GMT
chrisJust tried this too. Took £400 out of my MLIA, which was in queue position 1058 and £45k from the front. Now as a direct investment the £400 is shown as in queue position 2241 and £162.5k from the front. If anything I've lost the places I already had.
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