adrianc
Member of DD Central
Posts: 10,019 
Likes: 5,147
|
Post by adrianc on Jan 4, 2016 13:34:11 GMT
You don't give half the cake to the fat b'std in the corner who wants the whole thing to himself, do you? A company should keep happy the investors. If I have availability for 20k immediately and want to put 5k on this loan, I am not happy to get exactly the same as another investor asking for 300. I was happier with the previous system, even when I got 15% of my requests because that was what everyone was getting. I am totally unhappy to receive 6% of my request when someone is getting 100%.  How is it any different to when somebody, anybody puts a larger part up for sale? Not this again... These are some very, very picky bots. Or... they're people who are faster than you.
|
|
littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
|
Post by littleoldlady on Jan 4, 2016 13:36:51 GMT
I think this forum cannot and will not represent the majority of investors anyway (and I am one of the small ones BTW). The earlier system matched every request percentage-wise and that was fair, in the sense that everyone got the same xx% of their availability/declared interest. Now you have large unbalances percentage-wise and that is an implicit invitation to reduce the exposure to SS for people with larger availabilities. (people who had put aside 4-5-6k for this loan will now probably invest them on other networks). Of course for the future the only way forward is with bots. The old way wasn't that fair given the fact the we figured out the system and using over pre-funding would get you closer to your real allocation. The old way would have been fair if prefunding was for the amounts people really wanted and was not inflated. One way to achieve that would be to restrict prefunding to available funds but that suggestion was very unpopular.
|
|
|
|
Post by Deleted on Jan 4, 2016 13:38:22 GMT
A company should keep happy the investors. If I have availability for 20k immediately and want to put 5k on this loan, I am not happy to get exactly the same as another investor asking for 300. I was happier with the previous system, even when I got 15% of my requests because that was what everyone was getting. I am totally unhappy to receive 6% of my request when someone is getting 100%. I am also very unhappy to see someone 'lucky' getting 8000k I am also very unhappy to see the SM literally bombarded by very fast bots... and SS doing absolutely nothing about it... (if they don't care, the only solution is to put down mine....tonight will prepare it!) If bots operate, they don't do so out of hours. There can be many loans with availability for extended periods in the wee hours. It's very easy to appear bot like though, when something comes up for sale click through to the page, click on the amount to fund box, hit a load of numbers (doesn't matter what or how much) and hit enter. Hey presto, it's all yours, then throw back what you don't want. Quick fingers can do it all in about one or two seconds, as the page 'soft' re-loads every 4 seconds, a sale can go through before some people even know its there. BTW I'm in the 4 figure per loan category, but realise it's somewhat selfish to want the same amount in all loans, regardless of size. This method means I can reduce the diligence required on smaller loans and focus my effort on the larger ones, makes the platform more time efficient for me. We just need a Stream of £2m loans now... I can guarantee 100% with traces on my hand that there are very very fast bots operating on the SS SM. I have written automation code for years (also for satellite systems) and can see clearly that those actions are not hand-made in any sense. They even beat my current prototype bot (slow to be honest; i used to use it to collect slow data, not for speed racing)...
|
|
treeman
Member of DD Central
Posts: 1,026
Likes: 557
|
Post by treeman on Jan 4, 2016 13:39:06 GMT
We rounded down from c £310 each to £300 each investor as most people like round numbers. The £8300 was the surplus of c1300 investors x c£8 each. Everyone got £300 if they asked for more than that (apart from lucky m*************3). What! That seems far too fair. I demand my share to the 40th decimal place. Shrapnellification is the future!   Out of interest what would the % allocation been under the previous method? Or would savingstream be prepared to say what the total amount pre-funded was for this loan?
|
|
|
|
Post by Deleted on Jan 4, 2016 13:41:23 GMT
The old way wasn't that fair given the fact the we figured out the system and using over pre-funding would get you closer to your real allocation. The old way would have been fair if prefunding was for the amounts people really wanted and was not inflated. One way to achieve that would be to restrict prefunding to available funds but that suggestion was very unpopular. I personally would have preferred that option of prefunding with full cash hands-down, as my funds are real and ready to invest. In any case this is the situation now and will adapt as I can.
|
|
adrianc
Member of DD Central
Posts: 10,019
Likes: 5,147
|
Post by adrianc on Jan 4, 2016 13:50:04 GMT
In any case this is the situation now and will adapt as I can. By doing EXACTLY what you berate others for doing? Fine example - I just refreshed the page. Ooh, look. £90-odd of PBL31, the Welsh farm. Smaller loan, plenty of time left - I wouldn't mind some of that, but haven't managed to get a sniff at it so far. <click, page loads> Down to £30-odd. <click, type 111, click> Just before page reloads, spot it's now 18p. Page reloads, balance counter doesn't change. Oh, well. Must be a bot. Well, at least three bots. Maybe more. One with a £50ish order, one with a £30ish order. Yeh. Bot. Definitely. <rolls eyes> Must've imagined the few hundred quid across a few loans that I've picked up since 74 went live, without really trying - and whilst ignoring the usual overdue/short-life suspects, because I don't want to transfer in for those just to have 'em repay tomorrow. (Yes, I am an optimist)
|
|
oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
|
Post by oldgrumpy on Jan 4, 2016 13:56:53 GMT
This is OK with me ... provided the £8k was not bought by a bot. I have not seen/analysed that, but can guaranteed 100% that in the following hour I have seen bots on the secondary market (sweeping nice parts like 200 and 230 GBP). I know for sure as I am testing mine and was beaten by faster ones (a bot war is about to start!)
Bot Wars - The force awakens!! OY!! @hor1997 !!! Have your got your costume and funny voice scrambler yet?  Attachments:
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
Likes: 11,549
|
Post by ilmoro on Jan 4, 2016 14:00:25 GMT
Drawndown instantly by the way.
|
|
|
|
Post by savingstream on Jan 4, 2016 14:04:52 GMT
We rounded down from c £310 each to £300 each investor as most people like round numbers. The £8300 was the surplus of c1300 investors x c£8 each. Everyone got £300 if they asked for more than that (apart from lucky m*************3). Can we presume that M**********3 got that by an SM purchase or did you pick the lucky person out of the hat? Simply curious LW Fastest finger.
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
Likes: 11,549
|
Post by ilmoro on Jan 4, 2016 14:05:58 GMT
I have not seen/analysed that, but can guaranteed 100% that in the following hour I have seen bots on the secondary market (sweeping nice parts like 200 and 230 GBP). I know for sure as I am testing mine and was beaten by faster ones (a bot war is about to start!)
Bot Wars - The force awakens!! OY!! @hor1997 !!! Have your got your costume and funny voice scramber yet? Of course, there are many who think its more Phantom Menace!
|
|
|
|
Post by Deleted on Jan 4, 2016 14:06:50 GMT
In any case this is the situation now and will adapt as I can. By doing EXACTLY what you berate others for doing? Fine example - I just refreshed the page. Ooh, look. £90-odd of PBL31, the Welsh farm. Smaller loan, plenty of time left - I wouldn't mind some of that, but haven't managed to get a sniff at it so far. <click, page loads> Down to £30-odd. <click, type 111, click> Just before page reloads, spot it's now 18p. Page reloads, balance counter doesn't change. Oh, well. Must be a bot. Well, at least three bots. Maybe more. One with a £50ish order, one with a £30ish order. Yeh. Bot. Definitely. <rolls eyes> Must've imagined the few hundred quid across a few loans that I've picked up since 74 went live, without really trying - and whilst ignoring the usual overdue/short-life suspects, because I don't want to transfer in for those just to have 'em repay tomorrow. (Yes, I am an optimist) Look, I am not sure what you imply with your words, but certainly if you are happy with the current bidding you do, continue to do so. I know what I talk about when I say there are automated bids going on on the SM (believe it or not; I don't care). And don't think a bot is something supernatural: it is simply an automated action replicating what you would do manually.... (and you can even beat it if you are lucky with your refresh time and have better network configuration that the bot originating server). People interested in investing with automated bots can easily put the bot on/off (in my set-up is a single click to do so) and selectively use for one loan only if they are interested in that one (and leave other opportunities out). For example I am not *desperate* for investment in anything coming in. I am interested in increasing my investments in 3-4 particular loans, not any of the others... So all your comments are honestly uninformed at best. But if you prefer to think that bots don't exist, continue to think so....
|
|
treeman
Member of DD Central
Posts: 1,026
Likes: 557
|
Post by treeman on Jan 4, 2016 14:10:22 GMT
Bot .......   |
|
oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
|
Post by oldgrumpy on Jan 4, 2016 14:11:44 GMT
I've come to the conclusion that we don't all receive the loan part information on our screens at the same moment, and if I get mine two seconds later than fredbloggs, I will never stand a chance of buying the bits. However, on some occasions I have picked up something unexpectedly, so maybe I sometimes get the info two seconds before Fred, so his "bot" can't react before my banana digits do the deed.
|
|
Steerpike
Member of DD Central
Posts: 1,977
Likes: 1,687
|
Post by Steerpike on Jan 4, 2016 14:11:43 GMT
I wish a mod would close this thread
|
|
ablender
Member of DD Central
Posts: 2,204
Likes: 555
|
Post by ablender on Jan 4, 2016 14:17:49 GMT
So you were quite happy to put £5k into a £320k loan, you can't quite understand why that wouldn't scale, and you feel singled out and hard done by? Sorry, but... This really does strike me as the fairest way so far. You've got a bunch of people sat around your kitchen table, and a lovely freshly-baked cake. The cake isn't big enough to give everybody the size of slice they want. So what do you do? You give all those who only want a small slice that, then you give everybody else the same. You don't give half the cake to the fat b'std in the corner who wants the whole thing to himself, do you? A company should keep happy the investors. If I have availability for 20k immediately and want to put 5k on this loan, I am not happy to get exactly the same as another investor asking for 300. I was happier with the previous system, even when I got 15% of my requests because that was what everyone was getting. I am totally unhappy to receive 6% of my request when someone is getting 100%. I am also very unhappy to see someone 'lucky' getting 8000k I am also very unhappy to see the SM literally bombarded by very fast bots... and SS doing absolutely nothing about it... (if they don't care, the only solution is to put down mine....tonight will prepare it!)I bid £800 (no over bidding) which is my target. I got £300. I am very happy with this. Under the old system, with you expecting the best part of the loan I would have got much much less. Do not expect me to side with you. Do you think that you are the only one who have money to invest? By the way, since you are so displeased that you want to sell your part, can you please make us the honour to tell us exactly at what time you intend to do this?
|
|
