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Post by cyrilmadrid on May 9, 2014 19:06:50 GMT
If it wasn't there there'd be those questioning that AI was working at all for them, it's swings and roundabouts. What I'll do is add a flag to each log message saying whether or not something actually happened and then filter the front end so that only those where something happened are displayed. We can then add an option to view all log messages to prove the thing is working in the background. And indeed there were those who at the start were questioning whether it was doing anything when it was first introduced. And I had that thought when I posted. But I think it has now proved its point.... :-) If you REALLY wanted to, you could put in a once per day message: "auto mandates checked xxx times in last 24 hours: robot awake, market asleep" No worry, the way I know it does do something is that it indeed picks some loan parts every couple of days, on loans I have never seen on offer. Just picked a few CC Leisure loan parts now.
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andy2001
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Post by andy2001 on May 9, 2014 19:10:31 GMT
And indeed there were those who at the start were questioning whether it was doing anything when it was first introduced. And I had that thought when I posted. But I think it has now proved its point.... :-) If you REALLY wanted to, you could put in a once per day message: "auto mandates checked xxx times in last 24 hours: robot awake, market asleep" No worry, the way I know it does do something is that it indeed picks some loan parts every couple of days, on loans I have never seen on offer. Just picked a few CC Leisure loan parts now. There was almost 100k of CC on the aftermarket a few mins ago. All sold out now.
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Post by Ton ⓉⓞⓃ on May 9, 2014 19:33:56 GMT
No worry, the way I know it does do something is that it indeed picks some loan parts every couple of days, on loans I have never seen on offer. Just picked a few CC Leisure loan parts now. There was almost 100k of CC on the aftermarket a few mins ago. All sold out now. I only noticed it when it was down to about 48K, but do you think they were all sold? I just assumed withdrawn. But you could just be right.
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andy2001
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Post by andy2001 on May 9, 2014 20:19:48 GMT
There was almost 100k of CC on the aftermarket a few mins ago. All sold out now. I only noticed it when it was down to about 48K, but do you think they were all sold? I just assumed withdrawn. But you could just be right. There's no way to be sure. But the underwriters have sifted a fair bit on other stuff, so I would not be surprised if it did sell.
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baz657
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Post by baz657 on May 9, 2014 21:17:30 GMT
... and it picked up a £100 loan part that must have been invisible to humans (or it checked and just the right time and picked it up as soon as it became available). ... or it was one the CC ones that were there for a while when I wasn't watching.... Which goes to show that it works if you take a few minutes and set it up. That's £100 accounted for at least 
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Post by badger on May 9, 2014 22:52:24 GMT
Well done chris on sorting out niggles in AI and also the interest allocation bug.
Can I return to a request I think I made a while ago - that is a global enable/disable for AI. This is to allow me to sell part of a loan and withdraw funds, without risking that the funds get reallocated to another mandate. As it stands, I would have to disable each of the mandates manually then reinstate them after withdrawing the funds.
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acorn
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Post by acorn on May 9, 2014 23:15:44 GMT
I had noticed this also and checked my "live bids" to make sure they hadn't vanished. I still haven't picked anything up, not even Cumbria despite it having lots on the AM. Could someone explain the "%" setting please? I think the % thing is gonna have more meaning in the future after more updates. Perhaps someone who uses it could explain it, I couldn't do it justice. acorn I've got two £50's & an £80 and a £20. If I put these on the market would these be of any use to you? It might even be possible to do a person 2 person transfer if AC go along with it (but we might've to get married, is that going to be a problem?) . Apologies, I didn't explain properly. My original bid was £20 but, when I saw underwriter's units on AI, I activated my AI to increase my holding to £120 just to see what would happen. I watched AI for two cycles (May 7, 21.34 & 21.42) expecting to increase my holding by £100 but on both cycles it recorded "checking mandate/no action". I then bought a £100 unit manually. I have similar bids in BWT and CSO and have set AI targets for both to £120. Will wait and see what happens when these loans draw down and the underwriters start to off-load their holdings. ps. Wouldn't be a problem for me but the rest of my family might not be so understanding! batchoy. This is what I thought it meant at the time of purchase but hadn't considered the impact as the loan ages. I have 12 AI requests ATM and have set some for low %ages and left others at default 25% but since my targets are likely to be in the low 100's I should be OK. Thank you both for your patience.
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pikestaff
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Post by pikestaff on May 10, 2014 7:02:19 GMT
Apologies if this has been answered before, but how does the Autoinvest target work with amortising loans? For example, suppose I have a target of £1,000 and loan units of £1,000. Then a repayment is made, reducing my balance to (say) £980. Does the target amortise too, or does Autoinvest think that I want another £20?
I would prefer it if the target amortised, but what does it do?
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Post by nbk on May 10, 2014 7:16:53 GMT
So, I've put some cash on deposit in my acct, setup some AI mandates and let it roll for a few days. On reviewing the AI logs, I eventually see the following entry which was logged a few hours before I was reviewing...
"Buying loan units in 'Opxxxx Lxxs Mxxxxxxxxxx - 5 year loan - 11.5% per annum - 67% loan to value' to value GBP xxx.xx"
But no loan units have been bought. Does this mean that AI can get to a point whre it's about to buy some units, logs it and then the transaction doesn't complete for some reason. ?
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Post by cyrilmadrid on May 10, 2014 7:52:50 GMT
Apologies if this has been answered before, but how does the Autoinvest target work with amortising loans? For example, suppose I have a target of £1,000 and loan units of £1,000. Then a repayment is made, reducing my balance to (say) £980. Does the target amortise too, or does Autoinvest think that I want another £20? I would prefer it if the target amortised, but what does it do? Actually I have put such orders, to restore my balance to the initial exposure I was happy to have on that loan. And it worked.
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Post by Ton ⓉⓞⓃ on May 10, 2014 14:04:18 GMT
There is currently around £133k of Lee** Com******* Prop*** on the AM, and a few other small (sub £1k) parts. I've managed to pick up some eppy, live**p**l, hampshy, kiddy, & the ever elusive stourbr*** & the odd mancs one & all on the proper am just by being at right place right time, no ai in sight, at least as far as i can tell sorry j you said this elsewhere, but AI's invisibility cloak seems a little strange to me. Earlier; at just before midnight last night there was a flurry of activity and AI bought Kiddie, Liverpool & Stour... for me, going through the AI logs is slow and boring but I couldn't find an entry where it says "Buying Stourbridge etc" I can see the time 23.58 in my Statement but looking at that time in my logs reveals a complete absence of any mention of Stour... It doesn't seems to even be checking that Mandate. But plainly the statement says it bought it. The one thing that is different for this purchase of just one unit of Stour.. is that my a/c ran out of money, AI having just bought some Liverpool etc so it I went Cardless and the same second (according to the Statement) the system bought the Stour.. but has not left any record in the AI logs. I think chris explained that if we take an action, such as deposit money, that then causes AI to do a check of what actions it can take, I think this accounts for my purchase, but in the normal run of things AI checks all mandates around every 35mins (now). So perhaps you have to wait in the Q for 35mins if you were at the back for AI to buy. IN EDIT But later in the logs I can see Stour.. gets six mentions with no other Mandates in between and it's almost stuck on Stour... for 9 minutes. I.E. Six entries all Stour... checking for 9 mins.
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Post by Ton ⓉⓞⓃ on May 10, 2014 14:28:15 GMT
Apologies if this has been answered before, but how does the Autoinvest target work with amortising loans? For example, suppose I have a target of £1,000 and loan units of £1,000. Then a repayment is made, reducing my balance to (say) £980. Does the target amortise too, or does Autoinvest think that I want another £20? I would prefer it if the target amortised, but what does it do? This aspect of Amortizing loans is discussed earlier in this thread, it lead to some changes in AI, I think that the "Max % of Loan" now works on the remaining principle. I could be wrong! What I'm saying is try searching this thread for some of those phrases and hopefully it will throw up the answer.
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j
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Post by j on May 10, 2014 14:52:06 GMT
Apologies if this has been asked before but in reference to reverse auctions, how can you put an AI order at a specific rate ? A loan may range from 5%-15%, is there a way to indicate the minimum rate accepted for that AI to go through as I can't seem to be able to see it? chris? Thanks |
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Post by chris on May 10, 2014 14:53:25 GMT
Apologies if this has been asked before but in reference to reverse auctions, how can you put an AI order at a specific rate ? A loan may range from 5%-15%, is there a way to indicate the minimum rate accepted for that AI to go through as I can't seem to be able to see it? chris? Thanks At the moment AI doesn't involve itself in variable rate auctions and the business doesn't have plans to list any. The facility would be easy to add but as a business we're happier pricing to risk rather than pricing to liquidity as it results in a fairer return to our lenders.
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Post by chris on May 10, 2014 14:56:24 GMT
Apologies if this has been answered before, but how does the Autoinvest target work with amortising loans? For example, suppose I have a target of £1,000 and loan units of £1,000. Then a repayment is made, reducing my balance to (say) £980. Does the target amortise too, or does Autoinvest think that I want another £20? I would prefer it if the target amortised, but what does it do? This aspect of Amortizing loans is discussed earlier in this thread, it lead to some changes in AI, I think that the "Max % of Loan" now works on the remaining principle. I could be wrong! What I'm saying is try searching this thread for some of those phrases and hopefully it will throw up the answer. Max % of loan works on the remaining principal. The target amount doesn't currently amortise with the loan, mainly due to complications around people entering the loan at a later date. If you set up AI 6 months into a 1 year amortising loan and want to invest £100 the system would need to translate that so that the value amortised in line with the loan along with everyone who entered the AI mandate on day 1. Shouldn't be too tricky but we haven't tackled it yet and have other priorities for now.
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