|
|
Post by Ton ⓉⓞⓃ on Apr 2, 2014 17:44:53 GMT
At the moment the only way to do it manually is to buy the loan unit back again. There is one other advantage that exists with auto-invest that I forgot to list earlier - if you adjust your target total investment to the extent that it would need to de-list loan units from the aftermarket then it will do so in preference to buying new ones. So you can use auto-invest to cancel the sale for you. Adding the manual option is on our to do list. But I can't see my name any more among all the other units.
|
|
|
|
Post by chris on Apr 2, 2014 17:49:28 GMT
Hmm.. yup that would stop you. Okay you have two options: give auto-invest a try and get it to do it; PM me your username or email and the auction ID for the loan and I'll manually do it for you.
|
|
walktall7
Member of DD Central
Posts: 184 
Likes: 35
|
Post by walktall7 on Apr 2, 2014 18:03:57 GMT
Chris's idea does work.
Go into advance settings and set the amount that you want in that loan and click on buy and click on update target, click on gontinue and set target and it gets rid of for sale in your units in your dashboard .It also has taken the right amount off that is for sale.
|
|
|
|
Post by chris on Apr 2, 2014 18:51:47 GMT
Sorry it could be a little clearer - the 25% refers to the absolute maximum it will invest in that loan, but it's your target that guides the actual figure. So in a £100k loan if you wanted to auto-invest £30k you'd HAVE to use the advanced options and override the 25% limit.
Also to get the system to buy and sell loan units as discussed you don't need to use the advanced options. By default all options are turned on, the advanced settings are for limiting what auto-invest can do rather than authorising it to do additional stuff.
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on Apr 2, 2014 20:17:56 GMT
Previously long ago in the past I made the mistake of putting something on the AM by accident, fortunately I was able to buy it back from myself on the AM and in that way take it off sale only because I had the money in my A/C. If had made that same mistake again today how would I undo my sale. Obviously I would never make that silly mistake again... The reason I ask is as I can no longer see the names against the units for sale that I want to cancel on the AM anymore. Doh, I let the cat out of the bag! IN EDIT. So this isn't an AI question. Three observations... o -- With the new system, you'd probably have no chance to attempt to rectify an error like that, because as soon as you put something on the AM the AI feature will notice and transfer that/those part(s) to another lender eager to pick up more of that loan. Moral: Be very careful of what you do, as you probably won't get a chance to undo it! o -- Inasmuch as the AM listing fees have been dropped, if you accidentally were to put a part on the AM that you wanted to keep, and you happened to be so lucky as to have done that for a loan where there was an oversupply of parts on the market at the time, then you could buy back any available part. It really wouldn't make any difference whether you bought your own part back or someone else's. o -- The main drawback I see of not having the sellers' names visible any more, is that when buying parts it's impossible to buy them from someone you want to support. You either just throw a dart and pick a part, or you let the system make the choice for you. (I can't remember whether we've been told how the system picks parts. Is it simply random? FIFO? Or...?) This probably also means that you have to be very careful when buying parts of loans that are heavily underwritten. If you were to have parts of E****g or I*****h -- where underwriters are still holding about £1M of parts in each loan -- you'd have to be very lucky to be able to sell any of those in a reasonable amount of time.
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on Apr 2, 2014 20:26:40 GMT
Be nice to have a 'test' mode - one typo and you might sell an entire holding in 3ms. I'm talking b@@@@cks. The comment about the consequences of a typo is NOT b****cks! If you're using AI and accidentally set the target of a loan you have parts of to zero, all your parts would go onto the AM and -- with the exception of a few unpopular loans -- would be sold in milliseconds.
|
|
|
|
Post by chris on Apr 2, 2014 20:29:29 GMT
3) If there's more demand than supply then it's FIFO as they'll be sold as they're listed. If there's more supply than demand then it's random.
|
|
|
|
Post by chris on Apr 2, 2014 20:30:22 GMT
The comment about the consequences of a typo is NOT b****cks! If you're using AI and accidentally set the target of a loan you have parts of to zero, all your parts would go onto the AM and -- with the exception of a few unpopular loans -- would be sold in milliseconds. Whilst true you'd have to mistype, submit the form, then submit the confirmation. Mistakes can and probably will happen but we can't make it too convoluted to use either.
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on Apr 2, 2014 20:36:31 GMT
If there's more demand than supply then it's FIFO as they'll be sold as they're listed. Can you reveal what was settled on for the methodology of determining which lucky lender is the recipient of the offered part?
|
|
|
|
Post by chris on Apr 2, 2014 20:41:09 GMT
If there's more demand than supply then it's FIFO as they'll be sold as they're listed. 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.
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on Apr 2, 2014 22:00:49 GMT
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 ... 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?
|
|
|
|
Post by chris on Apr 3, 2014 6:23:23 GMT
|
|
shimself
Member of DD Central
Posts: 2,563
Likes: 1,171
|
Post by shimself on Apr 3, 2014 12:35:45 GMT
ahem, my fault, I didn't read the description, I thought it would be across all loans.
Thanks
|
|
|
|
Post by Ton ⓉⓞⓃ on Apr 4, 2014 20:30:30 GMT
Previously long ago in the past I made the mistake of putting something on the AM by accident, fortunately I was able to buy it back from myself on the AM and in that way take it off sale only because I had the money in my A/C. If had made that same mistake again today how would I undo my sale. Obviously I would never make that silly mistake again... The reason I ask is as I can no longer see the names against the units for sale that I want to cancel on the AM anymore. Doh, I let the cat out of the bag! IN EDIT. So this isn't an AI question. At the moment the only way to do it manually is to buy the loan unit back again. There is one other advantage that exists with auto-invest that I forgot to list earlier - if you adjust your target total investment to the extent that it would need to de-list loan units from the aftermarket then it will do so in preference to buying new ones. So you can use auto-invest to cancel the sale for you. Adding the manual option is on our to do list. But I can't see my name any more among all the other units. Hmm.. yup that would stop you. ;Okay you have two options: ;give auto-invest a try and get it to do it; PM me your username or email and the auction ID for the loan and I'll manually do it for you. This issue is now sorted chris thanks, by the way how much are we being paid to debug this program? Yesterday AI couldn't be changed once I put Hackney or Ippy up with all the U/Wers, but now it's accepting changes. I'm starting to like AI it'll be really interesting to see where this goes.
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on Apr 7, 2014 21:41:24 GMT
Yesterday AI couldn't be changed once I put Hackney or Ippy up with all the U/Wers, but now it's accepting changes. May I ask what you were trying to do with AI on Ha***** or Ip*****?
|
|
