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Post by c19v81 on Jul 23, 2017 23:03:18 GMT
Hello forum,
I have opened my first P2P account with Assetz Capital. The website looks good and feels easy to navigate, but I think I am being an idiot and doing something wrong?
I deposited funds into my account and then into the Manual Loan Investment Account. I then browsed loans with "Units available" and placed instructions to buy immediately. The loans state that there are amounts "available for instant investment", but everything is still "Awaiting investment" on the Dashboard.
Am I missing something?
Many thanks
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IFISAcava
Member of DD Central
Posts: 3,692
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Post by IFISAcava on Jul 23, 2017 23:10:26 GMT
Hello forum, I have opened my first P2P account with Assetz Capital. The website looks good and feels easy to navigate, but I think I am being an idiot and doing something wrong? I deposited funds into my account and then into the Manual Loan Investment Account. I then browsed loans with "Units available" and placed instructions to buy immediately. The loans state that there are amounts "available for instant investment", but everything is still "Awaiting investment" on the Dashboard. Am I missing something? Many thanks Instant means on the next 'matching' run - give it a few hours and it'll probably show up.
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Post by c19v81 on Jul 23, 2017 23:13:47 GMT
Hello forum, I have opened my first P2P account with Assetz Capital. The website looks good and feels easy to navigate, but I think I am being an idiot and doing something wrong? I deposited funds into my account and then into the Manual Loan Investment Account. I then browsed loans with "Units available" and placed instructions to buy immediately. The loans state that there are amounts "available for instant investment", but everything is still "Awaiting investment" on the Dashboard. Am I missing something? Many thanks Instant means on the next 'matching' run - give it a few hours and it'll probably show up. Ok great, thank you very much. Good luck with your investing!
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Mikeme
Member of DD Central
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Post by Mikeme on Jul 24, 2017 1:36:16 GMT
Instant means on the next 'matching' run - give it a few hours and it'll probably show up. Ok great, thank you very much. Good luck with your investing! I have never heard of that phrase here. Can someone expand as to how often a matching run is done. It explains why having bid with units available none were purchased.
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Post by crabbyoldgit on Jul 24, 2017 11:39:34 GMT
The clever computer flashy box thing looks at one loan at a time in sequence and matches sellers requests to buyers. Loan parts are distributed in a way that ensures all get a bit of their requested bids without big hitters dominating.Its not a que, first come first served The process takes i think 2 or 3 hours to work around the loop of all the loans and as the loan book gets larger will i suppose take longer still.
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m2btj
Member of DD Central
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Post by m2btj on Jul 24, 2017 12:30:37 GMT
Hello forum, I have opened my first P2P account with Assetz Capital. The website looks good and feels easy to navigate, but I think I am being an idiot and doing something wrong? I deposited funds into my account and then into the Manual Loan Investment Account. I then browsed loans with "Units available" and placed instructions to buy immediately. The loans state that there are amounts "available for instant investment", but everything is still "Awaiting investment" on the Dashboard. Am I missing something? Many thanks Loans with units available should show within a few hours but expect to wait several days for on upcoming loans. Make sure you have selected the 'invest idle funds option' on the QAA Dashboard. This will ensure you are earning interest as funds wait to be allocated.
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Post by chris on Jul 24, 2017 14:52:30 GMT
The clever computer flashy box thing looks at one loan at a time in sequence and matches sellers requests to buyers. Loan parts are distributed in a way that ensures all get a bit of their requested bids without big hitters dominating.Its not a que, first come first served The process takes i think 2 or 3 hours to work around the loop of all the loans and as the loan book gets larger will i suppose take longer still. Yeah it is slowing as more loans come onto the platform but that's on my to do list to rework that part of the code and speed it up significantly. I'd prefer it to be at least once an hour on each loan if not faster.
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ding
Member of DD Central
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Post by ding on Jul 24, 2017 15:19:42 GMT
Similar issue.
Instructed to buy £250 of a loan with plenty of availability 24+ hours ago. I've received 26p.
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Post by c19v81 on Jul 27, 2017 21:23:09 GMT
Thanks everyone and yes I did activate the invest idle funds, I love that feature!
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Post by apurplechair on Aug 4, 2017 16:15:26 GMT
I, also, seem to be missing something.
I am really struggling to get ANYTHING invested in the MLIA.
I choose live loans with "Units available" and the system says that "Your instruction" is "Buying £20".
They then sit like this for weeks and weeks with nothing happening.
How do I get funds invested here?
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SteveT
Member of DD Central
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Post by SteveT on Aug 4, 2017 16:19:03 GMT
I, also, seem to be missing something. I am really struggling to get ANYTHING invested in the MLIA. I choose live loans with "Units available" and the system says that "Your instruction" is "Buying £20". They then sit like this for weeks and weeks with nothing happening. How do I get funds invested here? Are your funds actually moved across into your MLIA account, or might they still be in your Cash accoubt (or even directly invested in the QAA)?
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Post by apurplechair on Aug 7, 2017 13:19:12 GMT
I, also, seem to be missing something. I am really struggling to get ANYTHING invested in the MLIA. I choose live loans with "Units available" and the system says that "Your instruction" is "Buying £20". They then sit like this for weeks and weeks with nothing happening. How do I get funds invested here? Are your funds actually moved across into your MLIA account, or might they still be in your Cash accoubt (or even directly invested in the QAA)? Doh! This was exactly it! For some reason I was assuming that the funds would be transferred automatically when a loan was matched. Thanks!
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