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Post by billyd on Dec 22, 2015 21:46:31 GMT
I have set my idle funds to go into my quick access account but this week any transactions have made no movement, I transferred In some money but it has not gone into the quick access account, I thought the idea was I didn't have to manage this as often.
Is there a timer on this? Do I have to micromanage my money?
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Post by Ton ⓉⓞⓃ on Dec 22, 2015 21:51:42 GMT
I have set my idle funds to go into my quick access account but this week any transactions have made no movement, I transferred In some money but it has not gone into the quick access account, I thought the idea was I didn't have to manage this as often. Is there a timer on this? Do I have to micromanage my money? There is a queue to get in at the moment. When I last checked it was ~£157k With a two possible drawdowns in the next few days I expect this will cause a lot of churn, money go in, out & around etc.
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mikes1531
Member of DD Central
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Post by mikes1531 on Dec 22, 2015 22:19:46 GMT
There is a queue to get in at the moment. When I last checked it was ~£157k I have some money in the queue with £177k in front of it. billyd: Are you aware that you can see your queue position via QAA Options (link is in the upper right corner of QAA section on Dashboard)?
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Post by billyd on Dec 23, 2015 4:49:14 GMT
Found it, thanks for that hidden gem.
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sl75
Posts: 2,092 
Likes: 1,245
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Post by sl75 on Dec 23, 2015 9:05:29 GMT
Further, due to a recent change, it's no longer possible to sweep idle funds into the QAA (even though it seems to be), because the queue is bypassed by funds that are queued as a "direct investment", and there's a decent sized queue for that.
Consider it analogous to being in the check-in queue at a busy airport - you might think you're near the front, but they keep on calling forward people from other flights and you actually make no forward progress!
If you've got funds that you expect to be idle for more than a couple of days, add them directly to the QAA, and draw them out as required.
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Post by chris on Dec 23, 2015 9:27:50 GMT
Further, due to a recent change, it's no longer possible to sweep idle funds into the QAA (even though it seems to be), because the queue is bypassed by funds that are queued as a "direct investment", and there's a decent sized queue for that. Consider it analogous to being in the check-in queue at a busy airport - you might think you're near the front, but they keep on calling forward people from other flights and you actually make no forward progress! If you've got funds that you expect to be idle for more than a couple of days, add them directly to the QAA, and draw them out as required. On top of this there may be a small increase in the size of the account before Christmas. If not there will definitely be a larger increase in early January. Until we're ready to stop growing the account we're aiming to try and keep increasing the account size at least as fast as direct funds are invested so that the sweep function still has a place and works. Ideally we'd keep the account size just ahead of the direct investments for that reason, but we're not quite there yet. As the account grows the rate at which we can grow it increases as well.
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