pauls
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Post by pauls on Nov 29, 2016 20:51:15 GMT
The time to investment now stands at 19 days. This does not seem to be getting any better. What are Octopus Choice doing to help with our investment goals?
It would be good to see the position of our funds in the queue. I know it says when the buy order was placed but it would be helpful to know when that order is going to be filled. Would also help with the investment of additional funds.
The cash drag is putting a damper on an otherwise good platform.
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jcb208
Member of DD Central
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Post by jcb208 on Nov 30, 2016 19:14:05 GMT
Agree I done a test investment when the queue was 12 days,still not invested and now the queue is 20 days which is far to long a wait to invest,I will just hold off until investment queues are a lot lower then maybe try again
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Post by keelan on Dec 4, 2016 19:27:43 GMT
Agree I done a test investment when the queue was 12 days,still not invested and now the queue is 20 days which is far to long a wait to invest,I will just hold off until investment queues are a lot lower then maybe try again My first post: I was looking to spread my money and Octopus Choice looked good to start with. However, I am now having some serious doubts as the Q time has gone from 7 to 24 days in the last 3 weeks. I wanted to invest more but the Q time has put me off.
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binkle
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Cash Drag
Feb 8, 2017 16:28:07 GMT
via mobile
Post by binkle on Feb 8, 2017 16:28:07 GMT
There was no delay shown in the statistics page today and 20 loans out so have put some on to see...
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Post by d_saver on Feb 8, 2017 17:33:37 GMT
They've had no queue at all other than admin time for the last couple weeks....
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macq
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Post by macq on Apr 15, 2017 22:05:17 GMT
Have been putting in money over the last month and found its been invested normally within an hour and a couple of times even in minutes and also in over 50 loans,so would seem they are having a smoother process now.
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greatmarko
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Post by greatmarko on Jul 2, 2017 21:02:46 GMT
Where is the queue length shown?
Their FAQ states: "We show on our statistics page the current queue time ... This shows how long ago the last person who was served first joined the queue"
...but there doesn't seem to be anything on their statistics page in relation to this anymore! 
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macq
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Post by macq on Jul 2, 2017 22:06:35 GMT
Looking under the "our statistics tab" will show how many loans.If it says 20(but some times when you scroll down it shows more,like at the moment) i have found my money can be invested within an hour or two has even been as quick as minutes before(the longest wait was about a day).Don't want to jinx it but that's over the last 4 months drip feeding in.Bigger sums may take longer and i have never seen a queue time anywhere.it always seems to be about the 20 loan minimum.
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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 Jul 3, 2017 1:00:05 GMT
There isnt a queue. Money will be invested as fast as OC can carry it out as there is a manual element and it only occurs during office hours (might be automated now). The references referred to are left over from a period after launch when demand outstriiped supply for a time. Hasnt been an issue AFAIK for a while now
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macq
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Post by macq on Jul 3, 2017 7:37:52 GMT
There isnt a queue. Money will be invested as fast as OC can carry it out as there is a manual element and it only occurs during office hours (might be automated now). The references referred to are left over from a period after launch when demand outstriiped supply for a time. Hasnt been an issue AFAIK for a while now Must admit i thought there was a manual element from some of the answers OC have given before.But looking back over my account for the last few months i have had a couple of Saturdays & a Sunday where i have had funds reinvested from paid up loans at the end of the previous week so looks like some parts may be automated.
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Post by octopusjoe on Jul 3, 2017 7:47:01 GMT
Where is the queue length shown?
Their FAQ states: "We show on our statistics page the current queue time ... This shows how long ago the last person who was served first joined the queue"
...but there doesn't seem to be anything on their statistics page in relation to this anymore! Hello greatmarko, thanks for your question. As suggested by macq and ilmoro - thanks for your replies, both - the reason you can't see the queue length on our statistics page is because there currently is no queue, and hasn't been for some time. It therefore shows the amount of loans open for investment instead. Admittedly, this could be made clearer in the FAQ, so I appreciate you highlighting that!
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macq
Member of DD Central
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Post by macq on Jul 3, 2017 10:25:30 GMT
Where is the queue length shown?
Their FAQ states: "We show on our statistics page the current queue time ... This shows how long ago the last person who was served first joined the queue"
...but there doesn't seem to be anything on their statistics page in relation to this anymore! Hello greatmarko , thanks for your question. As suggested by macq and ilmoro - thanks for your replies, both - the reason you can't see the queue length on our statistics page is because there currently is no queue, and hasn't been for some time. It therefore shows the amount of loans open for investment instead. Admittedly, this could be made clearer in the FAQ, so I appreciate you highlighting that! Off topic a bit but do you still plan on doing an IFISA?.Also believe there were plans for other types of loans or product, is that still the case? something with maybe a higher rate. 
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Post by octopusjoe on Jul 3, 2017 12:46:20 GMT
Hello greatmarko , thanks for your question. As suggested by macq and ilmoro - thanks for your replies, both - the reason you can't see the queue length on our statistics page is because there currently is no queue, and hasn't been for some time. It therefore shows the amount of loans open for investment instead. Admittedly, this could be made clearer in the FAQ, so I appreciate you highlighting that! Off topic a bit but do you still plan on doing an IFISA?.Also believe there were plans for other types of loans or product, is that still the case? something with maybe a higher rate. Hi macq, we will indeed be launching our IFISA soon! We’ve been working hard on it this year and it is now just around the corner. It’ll be going live to our current customers first, like yourself, and we’ll let you know as soon as it is. Also, if you know anyone else that might want to get in early for our IFISA, I’d recommend you advise they open an Octopus Choice account as soon as possible, so as not to miss out. On the different types of loans - you’re right, we are exploring the possibility of expanding our offering to include commercial loans, too. However, the aim is more about providing our users with a greater level of diversification, all secured on bricks and mortar. Hope that helps!
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macq
Member of DD Central
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Post by macq on Jul 3, 2017 13:03:33 GMT
Off topic a bit but do you still plan on doing an IFISA?.Also believe there were plans for other types of loans or product, is that still the case? something with maybe a higher rate. Hi macq , we will indeed be launching our IFISA soon! We’ve been working hard on it this year and it is now just around the corner. It’ll be going live to our current customers first, like yourself, and we’ll let you know as soon as it is. Also, if you know anyone else that might want to get in early for our IFISA, I’d recommend you advise they open an Octopus Choice account as soon as possible, so as not to miss out. On the different types of loans - you’re right, we are exploring the possibility of expanding our offering to include commercial loans, too. However, the aim is more about providing our users with a greater level of diversification, all secured on bricks and mortar. Hope that helps! thanks
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greatmarko
Member of DD Central
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Post by greatmarko on Jul 3, 2017 13:13:52 GMT
Where is the queue length shown?
Their FAQ states: "We show on our statistics page the current queue time ... This shows how long ago the last person who was served first joined the queue"
...but there doesn't seem to be anything on their statistics page in relation to this anymore! Hello greatmarko , thanks for your question. As suggested by macq and ilmoro - thanks for your replies, both - the reason you can't see the queue length on our statistics page is because there currently is no queue, and hasn't been for some time. It therefore shows the amount of loans open for investment instead. Admittedly, this could be made clearer in the FAQ, so I appreciate you highlighting that! Thanks for the reply! It would also be very useful for potential investors if you could show withdrawal time stats on your statistics page - i.e. how long it took the last lender to be able to withdraw invested funds from the platform.
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