spockie
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Post by spockie on Apr 2, 2014 19:17:35 GMT
Having spent fifteen minutes or so setting up auto invest, it appears to work. The system has indeed bought something for me.
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Post by bracknellboy on Apr 2, 2014 19:19:05 GMT
....That's the difficulty. We need to look after the HNWs but don't want them to force out the little guy. At the moment some of the algorithms will probably end up favouring the HNWs whilst others will favour the little guys. Over time we'll try and find a common ground for all of them that works.... Well good luck with that. One thing is certain: it won't stop somebody from moaning regardless of what you come up with.
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mikeb
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Post by mikeb on Apr 2, 2014 19:58:47 GMT
Having spent fifteen minutes or so setting up auto invest, it appears to work. The system has indeed bought something for me. It also picked one up for me (Unicorn ... I mean ... Rub***n!) which wasn't one I'd had chance to get so far ... so looking good so far.
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spockie
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Post by spockie on Apr 2, 2014 20:05:24 GMT
Having spent fifteen minutes or so setting up auto invest, it appears to work. The system has indeed bought something for me. It also picked one up for me (Unicorn ... I mean ... Rub***n!) which wasn't one I'd had chance to get so far ... so looking good so far. I'm after Rub***n too but you obviously beat me to that one! Still, hopefully the small amount of time it needed to set it up will pay off over time.
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mikeb
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Post by mikeb on Apr 2, 2014 20:33:36 GMT
Snooze or lose  Rub***n parts seem as rare as Unicorn parts, so I'm glad the first test went ok! I also set up an auto-invest for Auction 48 (Short term 6 week loan that is all paid up). Just to see if ton was right. I think chris might need to tweak that, as it makes no sense to allow that! |
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Post by chris on Apr 2, 2014 20:37:48 GMT
Snooze or lose Rub***n parts seem as rare as Unicorn parts, so I'm glad the first test went ok! I also set up an auto-invest for Auction 48 (Short term 6 week loan that is all paid up). Just to see if ton was right. I think chris might need to tweak that, as it makes no sense to allow that! Yup, can see that'll need tidying up. It's harmless to have the auto-invest target set against it though.
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mikes1531
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Post by mikes1531 on Apr 2, 2014 22:59:59 GMT
Snooze or lose Rub***n parts seem as rare as Unicorn parts, so I'm glad the first test went ok! I also set up an auto-invest for Auction 48 (Short term 6 week loan that is all paid up). Just to see if ton was right. I think chris might need to tweak that, as it makes no sense to allow that! Yup, can see that'll need tidying up. It's harmless to have the auto-invest target set against it though. It's harmless in that the system never will have an opportunity to buy a Loan 48 part for mikeb, but it's not harmless in that mikeb's list of AI instructions will get longer and longer and rapidly could become unwieldy. And unless he trawls through and checks the repayment detail of every loan, it's impossible to tell which loans are still open and which ones have been paid off in full. One thing that's awkward about the AI Mandate list is that I can't work out what order the loans appear in. Another is that a vital piece of info is missing from the list -- my current holding. Because of that omission, I can't tell from the list which mandates are inactive -- those where my holding matches the target -- and those which are active because the target is above my current level of holding. I also can't see the difference between the target and my holding. (I'd like to be able to see that so I could increase my target if I were to be so fortunate as to approach it. And I don't want to set a huge target in case a large chunk of one loan comes to the AM and all my available cash would go to that one loan.)
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oldgrumpy
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Post by oldgrumpy on Apr 2, 2014 23:05:40 GMT
Just had a thought (yes I know - it's getting late for that kind of thing). Scenario - I want to pay a shadow bid off. I sell £1000 of Leeds... and ZONK!!!  it's all gone on those units I was after on the autoinvest aftermarket, which just became available because someone else is selling units to pay for their shadow bids, leaving me with nothing with which to pay my bill!!  Solution - only have your autobid settings active when you want them to be. Good night everybody. |
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andy2001
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Post by andy2001 on Apr 2, 2014 23:25:10 GMT
When you set it to invest x amount. Does it try to invest x-current amount invested, or x?
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Post by badger on Apr 2, 2014 23:28:43 GMT
How does it work if the loan was reverse auction? I admit I've not seen how a reverse auction works on AC yet but I assume that different loan units could become available at different rates - potentially very low. If I put an auto invest bid on, I have no way of knowing what interest rate I might end up with.
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Post by pepperpot on Apr 2, 2014 23:40:22 GMT
When you set it to invest x amount. Does it try to invest x-current amount invested, or x? Your setting a target amount that you want to hold, so x-current, I think.
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Post by pepperpot on Apr 2, 2014 23:46:14 GMT
How does it work if the loan was reverse auction? I admit I've not seen how a reverse auction works on AC yet but I assume that different loan units could become available at different rates - potentially very low. If I put an auto invest bid on, I have no way of knowing what interest rate I might end up with. There were a couple of reverse auctions with wildly different rates (10-15% auction 40 springs to mind), so I'm steering clear of setting AI for them as it's more likely the lower rates will come up for sale.
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andy2001
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Post by andy2001 on Apr 2, 2014 23:59:25 GMT
How does it work if the loan was reverse auction? I admit I've not seen how a reverse auction works on AC yet but I assume that different loan units could become available at different rates - potentially very low. If I put an auto invest bid on, I have no way of knowing what interest rate I might end up with. There were a couple of reverse auctions with wildly different rates (10-15% auction 40 springs to mind), so I'm steering clear of setting AI for them as it's more likely the lower rates will come up for sale. I got some 14.7% on the latter one a few days ago. As for the first one. I got some from the auction, but have never seen a single unit in the aftermarket.
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mikes1531
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Post by mikes1531 on Apr 3, 2014 1:33:44 GMT
How does it work if the loan was reverse auction? I admit I've not seen how a reverse auction works on AC yet but I assume that different loan units could become available at different rates - potentially very low. If I put an auto invest bid on, I have no way of knowing what interest rate I might end up with. There were a couple of reverse auctions with wildly different rates (10-15% auction 40 springs to mind), so I'm steering clear of setting AI for them as it's more likely the lower rates will come up for sale. I don't think that's a big risk. If you pick up parts that are at a rate lower than you'd like, you could manually put them up for sale, and someone else is bound to buy them from you before long. I saw some of the earliest, 6.5%, LtL loan parts come onto the AM a few days ago and thought "Who'd want to buy those?" But a few minutes later, they were gone! One thing to watch out for if you do pick up parts through AI that you turn around and put back up for sale... Make sure that you turn off AI for that loan until you've manage to sell the parts. If you don't, there's a good chance that AI would buy them right back for you! 
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mikes1531
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Post by mikes1531 on Apr 3, 2014 1:40:28 GMT
I posted the following in the Latest Updates thread and, since it really pertains to AI, I think it belongs here. I expect chris will see it wherever I put it. Can you reveal what was settled on for the methodology of determining which lucky lender is the recipient of the offered part? At the moment it's person with the lowest amount invested followed by person waiting the longest in the queue, with the idea being to favour those who have yet to get the opportunity to lend on the loan. But that is under close observation. Lowest amount invested in that loan? Or lowest amount invested in AC? Either way, it's a significant disadvantage to AC lenders with large accounts. The way I interpret what Chris wrote, if a lender already has £1000 of a given loan then they wouldn't be assigned any parts via the AM until every other lender who wants more of that loan -- and has funds available -- also has at least £1000 of that loan. That suggests to me that those larger lenders will find they pick up very little via the AM. Am I misunderstanding something? |
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Rub***n parts seem as rare as Unicorn parts, so I'm glad the first test went ok!
