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Post by Ton ⓉⓞⓃ on Apr 16, 2014 17:07:07 GMT
And no doubt AI sprang into action immediately and sold them instantly. Does anyone know whether AI is smart enough to try to transfer sub-£100 parts to lenders who have a target set less than £100 above their current holding? If not, then it's likely that any small parts will go to the majority of lenders who are happy to accept £100 parts, and those trying to acquire less than £100 will have very little luck buying at all. It's taken about an hour for them to sell. I think it probably does automatically send the twenties etc to people wanting a total investment where the last two figures aren't 00 if you understand what I'm saying. I wanting a sum ending in 50 and ended up with two £20 units in the mix. I saw a £50 unit this morning and bought it, and then sold the two £20 units, so I have now reached my target investment for Ep**** whereas I was never going to with the two twenties.That's very interesting, so you were able to sell two Epping £20 units in about an hour, have I got that right spockie?
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acorn
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Post by acorn on Apr 16, 2014 17:17:47 GMT
And no doubt AI sprang into action immediately and sold them instantly. Does anyone know whether AI is smart enough to try to transfer sub-£100 parts to lenders who have a target set less than £100 above their current holding? If not, then it's likely that any small parts will go to the majority of lenders who are happy to accept £100 parts, and those trying to acquire less than £100 will have very little luck buying at all. It's taken about an hour for them to sell. I think it probably does automatically send the twenties etc to people wanting a total investment where the last two figures aren't 00 if you understand what I'm saying. I wanting a sum ending in 50 and ended up with two £20 units in the mix. I saw a £50 unit this morning and bought it, and then sold the two £20 units, so I have now reached my target investment for Ep**** whereas I was never going to with the two twenties.Acorn here (don't know how to lift that yet  ). Thanks for trying to help, Spockie. My first "toe dipping" £20 bid with Cov Com Pr took 3 mths to convert into a loan, and none of my others (very few as I wanted to see the whole process first) have converted yet, CWT/6th March being the longest. After my last post I bought 2 x £100 chunks in AM short bridging loans but really want to stay with much smaller chunks to give a more appropriate risk profile. I will drip a little more in but don't expect to see anything until after Easter - looks a bit like the decks are being cleared down ready to bring in some of the changes that were mentioned, though I could be wrong. I hope there will be more opportunity for us littleuns to join in....access is all most of us need!
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acorn
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Post by acorn on Apr 16, 2014 18:01:58 GMT
Didn't see the small units go through. Whenever I look at the AM the available number of units always suggests 100 chunks....sooo frustrating! Will probably select some more targets on AM when funds are available as I've only set a couple so far because my pot is so small.
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Post by pepperpot on Apr 16, 2014 18:17:11 GMT
I've just put two £20 units on the AM. And no doubt AI sprang into action immediately and sold them instantly. Does anyone know whether AI is smart enough to try to transfer sub-£100 parts to lenders who have a target set less than £100 above their current holding? If not, then it's likely that any small parts will go to the majority of lenders who are happy to accept £100 parts, and those trying to acquire less than £100 will have very little luck buying at all. At the risk of exaggerating a tangent... I was playing around with the 'manual buy' on Wrex*** earlier and noticed a 3x £89 loan parts up (all from different UWs, presumably taking a little hair cut to get the total correct at drawdown). I put in a request for £90, obvious result, but cancelled it. Put in a request for £180 and the system selected just one £100 part for me, I guess it tried to fill my request with £100 parts first then checked to see if the remainder could be filled, which it couldn't. So it looks like the system isn't overly sophisticated when it comes to parts of less than £100. Might not be any reflection on AI, but, it didn't spot the resolution spockie manually implemented.
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spockie
Member of DD Central
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Post by spockie on Apr 16, 2014 23:53:26 GMT
It's taken about an hour for them to sell. I think it probably does automatically send the twenties etc to people wanting a total investment where the last two figures aren't 00 if you understand what I'm saying. I wanting a sum ending in 50 and ended up with two £20 units in the mix. I saw a £50 unit this morning and bought it, and then sold the two £20 units, so I have now reached my target investment for Ep**** whereas I was never going to with the two twenties.That's very interesting, so you were able to sell two Epping £20 units in about an hour, have I got that right spockie? That's right, yes.
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acorn
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Post by acorn on Apr 17, 2014 9:43:08 GMT
I would say the problem rests in balance. Looking at the AM many times over the last month or two, I have rarely seen anything other than £100 chunks. Today, for instance, there are 8058 x £100 chunks and nothing else. I know that smaller chunks fly through and are sometimes available for an hour or two to be picked up by AI. I don't know what the proportion of big money to little money is, but it is obvious that anyone wanting to invest £100+ can almost always do so, in either market, at any time. It is also a fact that many people do not have internet access during their work shifts and only limited access outside of work. I wonder how many small investors, who would otherwise have been able to make good use of this platform, have been put off by this. I know there are other platforms, like W & Co., but it isn't quite the same offering....
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walktall7
Member of DD Central
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Post by walktall7 on Apr 17, 2014 10:36:39 GMT
I wanted up too £300 of country cottage so I put that into Auto invest. 0n 7 April I ended up with £19.88 unit. As I did not want such small amount I then sold it the next day buy changing to my AI. After it was sold I then changed my AI again. So there are a few £20 units about but you need to list your requriements in AI in lots of loans to give you a chance of finding them.
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Post by yorkshireman on Apr 17, 2014 11:54:21 GMT
To my way of thinking, some of these comments confirm my view that AI is unnecessarily difficult to use.
Perhaps I’m obtuse, although I don’t think I am, why can’t you simply ask it to buy £X worth of units in loan “Z” instead of setting your maximum / minimum or whatever else it asks you to do?
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Post by oldnick on Apr 17, 2014 12:06:40 GMT
To my way of thinking, some of these comments confirm my view that AI is unnecessarily difficult to use.
Perhaps I’m obtuse, although I don’t think I am, why can’t you simply ask it to buy £X worth of units in loan “Z” instead of setting your maximum / minimum or whatever else it asks you to do?
I'm not setting myself up as a spokesman for AC - this is just my take on it. The way they've set it up allows us to monitor our total holding in a loan, without having to access other sections of the site and do a sum to see how much will be held after the action we're contemplating. That's assuming of course that we're altering an existing holding, rather than making a first purchase of those loan parts.
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Post by yorkshireman on Apr 17, 2014 12:39:04 GMT
To my way of thinking, some of these comments confirm my view that AI is unnecessarily difficult to use.
Perhaps I’m obtuse, although I don’t think I am, why can’t you simply ask it to buy £X worth of units in loan “Z” instead of setting your maximum / minimum or whatever else it asks you to do?
I'm not setting myself up as a spokesman for AC - this is just my take on it. The way they've set it up allows us to monitor our total holding in a loan, without having to access other sections of the site and do a sum to see how much will be held after the action we're contemplating. That's assuming of course that we're altering an existing holding, rather than making a first purchase of those loan parts. Yes, I can see the logic in that and if a majority prefer it that way so be it. However I manually check my current total holding in a loan and the potential holding before a purchase and find the present method unclear.
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Post by chris on Apr 28, 2014 20:21:36 GMT
The thinking is simply that investors should enter the total amount they want to invest in a particular loan and let the system do the rest. I'm always interested in feedback but felt that was always pretty clear compared to alternative choices for the UI.
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Post by yorkshireman on Apr 28, 2014 21:33:37 GMT
The thinking is simply that investors should enter the total amount they want to invest in a particular loan and let the system do the rest. I'm always interested in feedback but felt that was always pretty clear compared to alternative choices for the UI. Say I already have £100 invested in loan X and I wish to invest a further £200 in the same loan. As I understand AI at present you have to enter a total target investment, £300 in this example, i.e. the £100 I already hold plus the further £200 I wish to invest.
IMO the logical thinking would be to simply enter £200, in other words the amount you wish to actually buy on this occasion.
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Post by chris on Apr 29, 2014 1:53:13 GMT
The thinking is simply that investors should enter the total amount they want to invest in a particular loan and let the system do the rest. I'm always interested in feedback but felt that was always pretty clear compared to alternative choices for the UI. Say I already have £100 invested in loan X and I wish to invest a further £200 in the same loan. As I understand AI at present you have to enter a total target investment, £300 in this example, i.e. the £100 I already hold plus the further £200 I wish to invest.
IMO the logical thinking would be to simply enter £200, in other words the amount you wish to actually buy on this occasion.
But you wish your total investment to be £300, so you enter that. If you then wanted to reduce your total investment to £200 you'd enter that figure rather than -£100. With giving the total you wish to invest it means the system doesn't need to keep updating that figure, so with your preference as the system bought loan units in that loan it would have to adjust your target figure to reflect the amount it still had to buy or sell.
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Post by badger on Apr 29, 2014 4:35:05 GMT
For me, the system works well as it stands. I have put in AI mandates to a total value of about 3 times my current investment, by going through all loans and deciding the maximum I would be happy to invest for each one. When I add funds to my account, I find it gets loaned out within a few days (sometimes within seconds). This would be much harder if I had to keep changing the mandate every time AI bought something.
And on the question of £20 chunks, I had accumulated just over £20 of interest and 3 days later AI bought a £20 chunk of Wr****m taking my 'available to invest' down to 35p. Perfect. My mandate for Wr****m is set to £500 and my current investment is £140.
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acorn
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Post by acorn on Apr 29, 2014 13:26:33 GMT
It depends on how many of the £20 chunks are being swept up as part of bigger requests. Whether your comfort zone is £20, £30, or £40, there are many more £100+ chunks available on the AM than smaller chunks, particularly when underwriters are offloading their commitments. Many of the little folk bidding £20 or £30 on primary market loans once a week/month will not be engaged in "playing the markets", so their investment will be left in place for the duration of the loan or until they need to pull money out altogether. They may also not be able to keep a buffer in their account waiting to pick up the odd chunk as it whizzes by and it seems a bit awkward to have to set targets on large numbers of loans to move one small chunk. Isolating repaid loans from the "completed loans" field would be helpful, particularly as the Assetz loan book grows. The AI thread is also discussing this and the programming issues it raises. Maybe breaking large chunks into 85% x £100 / 10% x £50 / 5% x £20 would be possible though I appreciate that the overall lender profile is constantly changing. ( On the current Primary Market some of the bigger lenders are now breaking their bids up into much smaller chunks, which will also help - your efforts are appreciated, folks!  (I like the AI dropbox, but an either/or for max. holding / % of loan would be cleaner - £20 as 25% of loan brings a rueful chuckle every time!) |
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). Thanks for trying to help, Spockie.
