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Post by coolrunning on Jul 14, 2017 6:37:05 GMT
I have a virtual account and have transferred most (hard to keep up) of my defaulted loans there.
Transfers were done at estimated market prices, just by looking at the SM.
Anyone else using them?
If yes, what is the purpose?
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Post by wiseclerk on Jul 14, 2017 6:43:24 GMT
You lost me. What is a "virtual account"?
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Post by coolrunning on Jul 14, 2017 6:56:54 GMT
I feel honoured. I imagined that you knew everything and I was just a beginner.  A virtual account is not virtual at all, it is a 2nd account held under your own name. It acts as a completely separate account. It may still be just a beta feature. Ask support for one. |
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Post by rahafoorum on Jul 14, 2017 7:24:07 GMT
I feel honoured. I imagined that you knew everything and I was just a beginner. A virtual account is not virtual at all, it is a 2nd account held under your own name. It acts as a completely separate account. It may still be just a beta feature. Ask support for one. What's the point? You're selling your loans to another account of yours or what do you mean by market prices?
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Post by coolrunning on Jul 15, 2017 7:42:29 GMT
I use the VA to track my defaults more easily.
I extrapolate prices from the 2nd market. I 'sell' these to the VA.
Clear?
Now, I wonder how others use VAs? Assuming that they do. Maybe this is a very small beta trial.
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Post by rahafoorum on Jul 16, 2017 20:19:26 GMT
I use the VA to track my defaults more easily. I extrapolate prices from the 2nd market. I 'sell' these to the VA. Clear? Now, I wonder how others use VAs? Assuming that they do. Maybe this is a very small beta trial. What do you mean by selling? Who buys them? You mean you put money on the VA account and then buy with that money from yourself?
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kulerucket
Member of DD Central
Posts: 336 
Likes: 93
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Post by kulerucket on Jul 17, 2017 11:45:40 GMT
If I understand correctly, the OP is talking about using the "Direct Sell" feature to directly sell to his second account.
Personally, I see no point in this as it would just mean that I have to create a merged XIRR calculation across two accounts in order to see a true calculation of returns. It's simple enough to set up saved filters to look at the defaulted loans separately. On top of this, you will have to keep transferring money from your sell account to your buy account. It sounds to much work for not much benefit to me.
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Post by Estonia Invest on Jul 18, 2017 14:38:14 GMT
Coolrunning,
I also don't get it... never heard of it but sounds like it makes things more difficult, not easier.
Surprised you're not talking about the new PortfolioPro feature. Now that's a total life changer~!
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