treeman
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Post by treeman on Oct 7, 2017 19:01:26 GMT
18/35 here - so it would appear I'm a bit more random than some ....... ...... does anyone know what the current ' loans below this amount will be allocated randomly' value is? Somewhere around £1500 I guess or is it a bit random in itself ! Probably a bit random itself. I would imagine they do a trial allocation and if the value to be allocated is less than £5, then they switch to the random allocator. Quite likely - as I'm still very much focused on ramp-up mode I'd not really considered the fact that not everyone will have available cash all the time.
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fp
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Post by fp on Oct 7, 2017 19:01:34 GMT
21 for me, do I get a prize?
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IFISAcava
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Post by IFISAcava on Oct 8, 2017 9:19:31 GMT
21 for me, do I get a prize? Yes - about £1.50 extra interest over the next 6 months!
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hantsowl
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Post by hantsowl on Oct 11, 2017 10:44:18 GMT
The pattern is becoming clear. Since the random allocation was introduced my available funds are increasing by the day as loans pay back and I just made my second withdrawal. The occasional £10 and £25 purchases that I used to make combined with auto allocations always guaranteed that my funds required topping up each week. Now the opposite is true and I am diverting these funds elsewhere. Shame, l really liked this platform before the change.
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Ukmikk
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Post by Ukmikk on Oct 11, 2017 12:03:04 GMT
The pattern is becoming clear. Since the random allocation was introduced my available funds are increasing by the day as loans pay back and I just made my second withdrawal. The occasional £10 and £25 purchases that I used to make combined with auto allocations always guaranteed that my funds required topping up each week. Now the opposite is true and I am diverting these funds elsewhere. Shame, l really liked this platform before the change. Likewise, my cash balance has now started to increase at an alarming rate, forcing me to make withdrawals from my account when I'd much rather be investing. The biggest surprise for me is the apparent lack of concern from other investors, surely this is affecting many others as well?
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archie
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Post by archie on Oct 11, 2017 12:12:28 GMT
I blame all the new lenders.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Oct 11, 2017 12:15:08 GMT
The pattern is becoming clear. Since the random allocation was introduced my available funds are increasing by the day as loans pay back and I just made my second withdrawal. The occasional £10 and £25 purchases that I used to make combined with auto allocations always guaranteed that my funds required topping up each week. Now the opposite is true and I am diverting these funds elsewhere. Shame, l really liked this platform before the change. Likewise, my cash balance has now started to increase at an alarming rate, forcing me to make withdrawals from my account when I'd much rather be investing. The biggest surprise for me is the apparent lack of concern from other investors, surely this is affecting many others as well? I've contacted Ashwin many times re this issue. I was an early adopter and I'm facing a very steep rundown in my investment balance because all renewals are significantly less than original investments and new business is nowhere near enough to neutralise this effect. I have suggested a number of times to at least give investors the opportunity to elect to roll-over investments at renewal (as on other platforms) but despite Ashwin thinking this was a good idea and agreeing to look into it, it has never transpired. I have reluctantly accepted that unless new business increases significantly my days with Unbolted are, sadly, numbered.
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Oct 11, 2017 12:17:28 GMT
The pattern is becoming clear. Since the random allocation was introduced my available funds are increasing by the day as loans pay back and I just made my second withdrawal. The occasional £10 and £25 purchases that I used to make combined with auto allocations always guaranteed that my funds required topping up each week. Now the opposite is true and I am diverting these funds elsewhere. Shame, l really liked this platform before the change. Likewise, my cash balance has now started to increase at an alarming rate, forcing me to make withdrawals from my account when I'd much rather be investing. The biggest surprise for me is the apparent lack of concern from other investors, surely this is affecting many others as well? You have given the answer to the issue in your post. Supply of capital is high atm as new investors come to the platform. This reduces allocations in renewed loans leading to a net increase in cash on hand. If people withdraw this, along with the disillusioned people who have ambition to invest a large pot doing likewise, market forces would produce equilibrium inside 6 months. This presumes that negative sentiment leads to discouragement sufficient to reduce the inflow of funds and that dealflow remains constant.
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Post by dan1 on Oct 11, 2017 12:20:13 GMT
The pattern is becoming clear. Since the random allocation was introduced my available funds are increasing by the day as loans pay back and I just made my second withdrawal. The occasional £10 and £25 purchases that I used to make combined with auto allocations always guaranteed that my funds required topping up each week. Now the opposite is true and I am diverting these funds elsewhere. Shame, l really liked this platform before the change. Likewise, my cash balance has now started to increase at an alarming rate, forcing me to make withdrawals from my account when I'd much rather be investing. The biggest surprise for me is the apparent lack of concern from other investors, surely this is affecting many others as well? I'm sure many are seeing their balances increase, me included! I'm not concerned though because it's not because of an issue with the platform but rather an there has been an increase in the number of new lenders with cash to invest. I see similarities with GS where an influx of new investors led to a continuing reduction in rates, it's a sign of success for the platform. It depends on what's more important for Unbolted, new investor cash or loyalty to existing lenders, but they could rollover investment amounts when existing loans renew as opposed to the current method of re-allocation as per a new loan. I like Unbolted, I just wish others didn't! Edit: crossed with jonno - looking forward to you leaving Unbolted already
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Ukmikk
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Post by Ukmikk on Oct 11, 2017 14:09:57 GMT
Likewise, my cash balance has now started to increase at an alarming rate, forcing me to make withdrawals from my account when I'd much rather be investing. The biggest surprise for me is the apparent lack of concern from other investors, surely this is affecting many others as well? I'm sure many are seeing their balances increase, me included! I'm not concerned though because it's not because of an issue with the platform but rather an there has been an increase in the number of new lenders with cash to invest. I see similarities with GS where an influx of new investors led to a continuing reduction in rates, it's a sign of success for the platform. It depends on what's more important for Unbolted, new investor cash or loyalty to existing lenders, but they could rollover investment amounts when existing loans renew as opposed to the current method of re-allocation as per a new loan. I like Unbolted, I just wish others didn't! Edit: crossed with jonno - looking forward to you leaving Unbolted already Yes I agree with you there, I like Unbolted too! I like the rollover idea and do feel that Unbolted could consider some measures to protect existing investors rather than allow them to be forced out by new cash. I little bit of loyalty can work both ways in the long run.
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registerme
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Post by registerme on Oct 12, 2017 0:56:56 GMT
I would encourage Unbolted to consider constraints on new money - I said the same thing to Lendy yonks ago and MT less yonks ago. Good assets, good returns, sensible risk, they all make for a sustainable business in the long term. Chasing unicorn values on the basis of the size of your loan book doesn't (which, to be fair, I don't think MT do but still....).
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