skippyonspeed
Some people think I'm a little bit crazy, but I know my mind's not hazy
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Post by skippyonspeed on Jun 12, 2016 11:08:30 GMT
Apologies if this has been covered elsewhere.
Why are the two accounts sharing a cap and what seems to be the same queue?
These are separate accounts, so it makes sense to me that they should not be linked in this way.
Looking thru' the 30 Day Account for an explanation has shown there have been several bugs/problems. One wonders whether any have affected the smooth operation of QAA because of the links.
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Post by mrclondon on Jun 13, 2016 11:16:46 GMT
Apologies if this has been covered elsewhere. Why are the two accounts sharing a cap and what seems to be the same queue? These are separate accounts, so it makes sense to me that they should not be linked in this way. Looking thru' the 30 Day Account for an explanation has shown there have been several bugs/problems. One wonders whether any have affected the smooth operation of QAA because of the links. The 30DAA is not really a separate account - it is AFAIK simply a subset of funds inside the QAA sharing the same underlying loans and cash but structured in a way to allow AC better control of the level of cash.
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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 Jun 13, 2016 11:46:08 GMT
Apologies if this has been covered elsewhere. Why are the two accounts sharing a cap and what seems to be the same queue? These are separate accounts, so it makes sense to me that they should not be linked in this way. Looking thru' the 30 Day Account for an explanation has shown there have been several bugs/problems. One wonders whether any have affected the smooth operation of QAA because of the links. but structured in a way to allow AC better control of the level of cash. Confirmed by statement to that effect in today's investor update.
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skippyonspeed
Some people think I'm a little bit crazy, but I know my mind's not hazy
Posts: 787
Likes: 424
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Post by skippyonspeed on Jun 13, 2016 16:58:30 GMT
Thanks for your replies. I think they should still be separated. It looks far from simple to a simpleton like me. There is a maximum individual investment of £100k in QAA this has quadrupled since last time I noticed. I am back to having funds waiting in a 10,000+ queue There is NO maximum for the 30DAA, so not only could this "subset of funds" be > or even wipeout QAA completely, it could be by just ONE person in theory unless I am misunderstanding something! ![]()  |
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Post by chris on Jun 13, 2016 18:05:49 GMT
skippyonspeed - if you don't like it then don't invest. The rules of the accounts are set out on the site, we don't hide the fact they share a global cap, that is a necessity due to the way they invest funds and hold a portion as cash where even if we decoupled the cap it would still be interrelated due to the current lack of investment opportunity. If they can't invest in loans then we can't increase the amount that is invested in them. Those two accounts have an explicit cap because of the cash portion used for immediate liquidity, the other accounts have equivalent caps due to idle funds not able to be invested. As has been agreed many times all these issues go away once more deals come on to the platform, and I've laid out an approximate timeframe for that elsewhere on this forum.
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Steerpike
Member of DD Central
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Post by Steerpike on Jun 15, 2016 10:10:19 GMT
I have been using Assetz for years and I think that the workings and display of QAA and 30DAA are confusing.
These two accounts should display awaiting + currently = total in the same way as the other accounts on the dashboard.
Lending queue position display for 30DAA shows the queue for QAA, this is not helpful.
To try the 30DAA account I made a number of small investments and queued up matching withdrawals assuming that the funds would be invested and then be withdrawn after 30 days but this has not happened, perhaps the funds went in the queue and then straight out again, however, I cannot see this explained in the 30DAA help.
The appearance of the new logo prompted me to review the Assetz platform and remembering transactions for 1.4936864562002518912699999999999999911275 and the loan number being exported in brackets in the description rather than in a separate column and the inconsistencies mentioned above and various other irritations, it just feels like a bit of a muddle, I wonder if we were starting out today with a blank piece of paper is this what we would envisage?
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