SteveT
Member of DD Central
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Post by SteveT on Jan 8, 2016 14:17:12 GMT
It still is shown as Available Funds in the MLIA even once swept into the QAA. Hover over your QAA swept funds figure to see where it has been swept from.
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Post by chris on Jan 8, 2016 14:17:38 GMT
A mistake some people have made is transferring cash manually into the QAA expecting it to be withdrawn automatically back to the MLIA - if you want to take advantage of this function it's important to move funds to where they need to be and then let the system move them to the QAA. So there are a few options to get your head around, and the site works quite differently to the other P2P platforms which some seem to equate with being complex, although in isolation I think they're all relatively straight forward and simple. I now wonder if this is what I did, and why I have missed out on some loans that went live recently when I had more than enough idle funds to invest in the upcoming loans I had selected. So, I have just withdrawn my £800 QAA balance back to my MLIA and am waiting for it to be swept back into the QAA account. So far nothing is happening and it's still sitting in the MLIA although there is capacity in the QAA. Should I not have done this? Should I move it back myself? I must be stupid .... I don't see any of this as straightforward and simple though I have invested in P2P/P2B since 2010. On the dashboard, QAA box, bottom left hand corner there is the option to invest idle funds. Click on that button and enable that system. If that system is enabled and your funds have been invested then at the top of the QAA box on the dashboard you'll have a figure for "Lent from idle funds". Hovering the mouse over that figure gives you a breakdown of where those funds have come from. This is separate to the "Direct Investment" figure which is the amount you have transferred manually into the QAA.
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Post by bonfemme on Jan 8, 2016 14:17:51 GMT
I now wonder if this is what I did, and why I have missed out on some loans that went live recently when I had more than enough idle funds to invest in the upcoming loans I had selected. So, I have just withdrawn my £800 QAA balance back to my MLIA and am waiting for it to be swept back into the QAA account. So far nothing is happening and it's still sitting in the MLIA although there is capacity in the QAA. Should I not have done this? Should I move it back myself? I must be stupid .... I don't see any of this as straightforward and simple though I have invested in P2P/P2B since 2010. Maybe a daft question, but have you pressed the button to invest idle funds in QAA? I think so. It says: Invest Idle Funds Action: All
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Post by oldnick on Jan 8, 2016 14:19:04 GMT
A mistake some people have made is transferring cash manually into the QAA expecting it to be withdrawn automatically back to the MLIA - if you want to take advantage of this function it's important to move funds to where they need to be and then let the system move them to the QAA. So there are a few options to get your head around, and the site works quite differently to the other P2P platforms which some seem to equate with being complex, although in isolation I think they're all relatively straight forward and simple. I now wonder if this is what I did, and why I have missed out on some loans that went live recently when I had more than enough idle funds to invest in the upcoming loans I had selected. So, I have just withdrawn my £800 QAA balance back to my MLIA and am waiting for it to be swept back into the QAA account. So far nothing is happening and it's still sitting in the MLIA although there is capacity in the QAA. Should I not have done this? Should I move it back myself? I must be stupid .... I don't see any of this as straightforward and simple though I have invested in P2P/P2B since 2010. I think you are correct as it has worked for me this way. But as you've noticed it's not possible to see what's happening until it happens, with unpredictable delays as the hidden mechanism whirrs into life.
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Post by chris on Jan 8, 2016 14:19:55 GMT
Maybe a daft question, but have you pressed the button to invest idle funds in QAA? I think so. It says: Invest Idle Funds Action: All At the top of the QAA box what does it say? You should have an "Lent from idle funds" figure.
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Post by bonfemme on Jan 8, 2016 14:24:29 GMT
I think so. It says: Invest Idle Funds Action: All At the top of the QAA box what does it say? You should have an "Lent from idle funds" figure. Aahh, thanks Steve/Chris. Maybe that is why I am confused. Below is what the QAA says .... I assume that now the £800 will be used for upcoming loans. It says: £800.01 Lent from Idle Funds £1.36 Direct Investment 3.75% Current Rate
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Post by chris on Jan 8, 2016 14:25:14 GMT
I now wonder if this is what I did, and why I have missed out on some loans that went live recently when I had more than enough idle funds to invest in the upcoming loans I had selected. So, I have just withdrawn my £800 QAA balance back to my MLIA and am waiting for it to be swept back into the QAA account. So far nothing is happening and it's still sitting in the MLIA although there is capacity in the QAA. Should I not have done this? Should I move it back myself? I must be stupid .... I don't see any of this as straightforward and simple though I have invested in P2P/P2B since 2010. I think you are correct as it has worked for me this way. But as you've noticed it's not possible to see what's happening until it happens, with unpredictable delays as the hidden mechanism whirrs into life. Whilst the aftermarket is asynchronous and can take a little while to kick in depending on other activity, as you've described, the QAA is synchronous so if things are set up correctly it should be instant. You may need to refresh the page though to see the effects.
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Post by chris on Jan 8, 2016 14:26:27 GMT
At the top of the QAA box what does it say? You should have an "Lent from idle funds" figure. It says: Aahh, thanks Steve. Maybe that is why I am confused. Below is what the QAA says .... I assume that now the £800 will be used for upcoming loans. £800.01 Lent from Idle Funds £1.36 Direct Investment 3.75% Current Rate That is correct. The £800, or part of, will be returned to the account it came from if it's ever required.
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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 Jan 8, 2016 14:31:39 GMT
But it really should be on your website chris .  It has been sent to marketing. Marketing, are you sure thats a good idea? It will end up full of buzz words and disappear into a blackhole of focus groups and consultants  That said, if its an online focus group with significant remuneration then Im your man 
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Post by oldnick on Jan 8, 2016 14:36:01 GMT
I think you are correct as it has worked for me this way. But as you've noticed it's not possible to see what's happening until it happens, with unpredictable delays as the hidden mechanism whirrs into life. Whilst the aftermarket is asynchronous and can take a little while to kick in depending on other activity, as you've described, the QAA is synchronous so if things are set up correctly it should be instant. You may need to refresh the page though to see the effects. I seem to have the hang of it now, and a very useful addition to the website it is.
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SteveT
Member of DD Central
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Post by SteveT on Jan 8, 2016 14:38:12 GMT
It has been sent to marketing. Marketing, are you sure thats a good idea? It will end up full of buzz words and disappear into a blackhole of focus groups and consultants That said, if its an online focus group with significant renummeration then Im your man That's OK, it's Friday afternoon, when all self-respecting "Marketing professionals" are in the pub
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Jan 8, 2016 14:40:41 GMT
It has been sent to marketing. Marketing, are you sure thats a good idea? It will end up full of buzz words and disappear into a blackhole of focus groups and consultants That said, if its an online focus group with significant renummeration then Im your man Mmmmm; RENUMMERATION? You can do RENUMMERATION? Gosh you should be able to get well paid for that!!! 
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Jan 8, 2016 14:40:42 GMT
Well didn't that lot sound simple? Hmmm!  Like my computer guru, Ming, says: (with slanted eyes and enormous grin) "It easy you know how!" 
It's like many things, we should be prepared to learn more willingly, and not expect to understand everything at first sight. Developers are renowned for devising wonderful things, accompanied by the assumption that because they understand them, (having spent many hours inventing them), they are immediately simple to grasp for everybody.
Not so. We (I) will get there eventually, with some effort, and with the likes of Chris to hold our hands .
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Post by chris on Jan 8, 2016 14:53:35 GMT
Well didn't that lot sound simple? Hmmm! Like my computer guru, Ming, says: (with slanted eyes and enormous grin) "It easy you know how!"
It's like many things, we should be prepared to learn more willingly, and not expect to understand everything at first sight. Developers are renowned for devising wonderful things, accompanied by the assumption that because they understand them, (having spent many hours inventing them), they are immediately simple to grasp for everybody.
Not so. We (I) will get there eventually, with some effort, and with the likes of Chris to hold our hands .
Okay abbreviated version. To get started: Register, complete the ID check, deposit some or all of the funds you wish to invest as per the instructions on the Manage Funds screen. To invest via the QAA, GBBA or GEIA (all of which are automatic accounts that handle the details for you) browse the dashboard, select the account you want to invest in, click the "Invest" button, enter the amount you want to invest and press the "Invest" button to confirm. To invest manually: transfer funds into the Manual Loan Investment account as in the previous step, browse the loans via the options under "Loan Book", choose one or more loans you want to invest in, click the "Invest" button on the right hand side, type the amount you want to invest into the box, press the "Invest" button to instruct the system. And that's it. Everything else is looking into the detail and understanding how a complex investment platform works. There is complexity in every platform if you do that.
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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
Posts: 11,330
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Post by ilmoro on Jan 8, 2016 14:58:54 GMT
Marketing, are you sure thats a good idea? It will end up full of buzz words and disappear into a blackhole of focus groups and consultants That said, if its an online focus group with significant renummeration then Im your man Mmmmm; RENUMMERATION? You can do RENUMMERATION? Gosh you should be able to get well paid for that!!! Well maybe, if I knew what it was. No idea where that came from. Trying to type on virtual keyboard with a touchpad does through up some interesting words, most include some form of foreign accent where it gets stuck. Time to invest some P2P profits in a new tablet with functioning touchscreen.
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