picnicman
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Post by picnicman on Feb 15, 2019 19:48:42 GMT
Many people value their time too highly to mess about with daily double digit transfers, and are probably hoping to run a 4 or 5 figure UB account balance, which just doesn't really work with current deal flow vs lender demand. Yes, you can probably invest £10 or £50 automagically each day, but not £100 or £1000.
If the smallest bank transfer you cba to ask for is £1000, it WILL take weeks to get invested, and there will be a lot of cash drag.
GSV3MIaC - not automatically each day, but as above,- depends whether you like the bigger non protected business loans like the one today - £1k could be easily swallowed up depending on your investment strategy/DD/attitude to risk. Cheers P
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Post by GSV3MIaC on Feb 15, 2019 21:03:32 GMT
Yes, you could put £1k in there, but that is exceptional, and not really suitable for automatic investing imo. As to dd, there isn't really enough information to do any, again imo (true of most UB loans, which is why I stuck to the protected ones, and hoped the FCA's dd was better than it was with Coll).
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IFISAcava
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Post by IFISAcava on Feb 16, 2019 10:48:53 GMT
Many people value their time too highly to mess about with daily double digit transfers, and are probably hoping to run a 4 or 5 figure UB account balance, which just doesn't really work with current deal flow vs lender demand. Yes, you can probably invest £10 or £50 automagically each day, but not £100 or £1000.
If the smallest bank transfer you cba to ask for is £1000, it WILL take weeks to get invested, and there will be a lot of cash drag.
I had managed a stable £30K balance - now drawndown to last £2k as don't want any taxable additional personal income next few years (pension tax issues). Instead am reinvesting in my company account, currently up to £11K (with more conservative criteria on the unprotected loans this time - max £50 per loan in these now whereas went up to £500 last time) so we'll see how far we get. I expect £20K plus still fairly readily achievable - you have to tolerate cash drag as you are titrating upwards as the size of loan you are allocated depends on free cash balance - so I aim to have £500-1000 free at any time and top up by £500 to £1000 at a time.
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Post by df on Feb 17, 2019 20:22:11 GMT
Many people value their time too highly to mess about with daily double digit transfers, and are probably hoping to run a 4 or 5 figure UB account balance, which just doesn't really work with current deal flow vs lender demand. Yes, you can probably invest £10 or £50 automagically each day, but not £100 or £1000.
If the smallest bank transfer you cba to ask for is £1000, it WILL take weeks to get invested, and there will be a lot of cash drag.
I had managed a stable £30K balance - now drawndown to last £2k as don't want any taxable additional personal income next few years (pension tax issues). Instead am reinvesting in my company account, currently up to £11K (with more conservative criteria on the unprotected loans this time - max £50 per loan in these now whereas went up to £500 last time) so we'll see how far we get. I expect £20K plus still fairly readily achievable - you have to tolerate cash drag as you are titrating upwards as the size of loan you are allocated depends on free cash balance - so I aim to have £500-1000 free at any time and top up by £500 to £1000 at a time. You probably still get a good number of £5 allocations. I'm not sure if cash drag is worth the size of proportion? I keep my idle cash at £150-250. It could be interesting to compare how your allocation to a random medium size loan is different to mine. For example, 2DFDC5BC6 (13th Feb) I was allocated £37.80, what did you get?
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IFISAcava
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Post by IFISAcava on Feb 17, 2019 20:44:46 GMT
I had managed a stable £30K balance - now drawndown to last £2k as don't want any taxable additional personal income next few years (pension tax issues). Instead am reinvesting in my company account, currently up to £11K (with more conservative criteria on the unprotected loans this time - max £50 per loan in these now whereas went up to £500 last time) so we'll see how far we get. I expect £20K plus still fairly readily achievable - you have to tolerate cash drag as you are titrating upwards as the size of loan you are allocated depends on free cash balance - so I aim to have £500-1000 free at any time and top up by £500 to £1000 at a time. You probably still get a good number of £5 allocations. I'm not sure if cash drag is worth the size of proportion? I keep my idle cash at £150-250. It could be interesting to compare how your allocation to a random medium size loan is different to mine. For example, 2DFDC5BC6 (13th Feb) I was allocated £37.80, what did you get? I was temporarily down on the balance for a few days - reduced company incoming cashflow - so only £250 free cash balance. Hence only got £47.23. Would have been double or more if I'd been at full strength. (Put some more in over the weekend to replenish the balance). Eg I got over £70 of a slightly smaller loan the week before (2DFDC5BCB) on Feb 8th and £182 of a slightly larger loan (2DFDC5B3C) on Jan 29th.
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Post by df on Feb 17, 2019 21:06:30 GMT
You probably still get a good number of £5 allocations. I'm not sure if cash drag is worth the size of proportion? I keep my idle cash at £150-250. It could be interesting to compare how your allocation to a random medium size loan is different to mine. For example, 2DFDC5BC6 (13th Feb) I was allocated £37.80, what did you get? I was temporarily down on the balance for a few days - reduced company incoming cashflow - so only £250 free cash balance. Hence only got £47.23. Would have been double or more if I'd been at full strength. (Put some more in over the weekend to replenish the balance). Eg I got over £70 of a slightly smaller loan the week before (2DFDC5BCB) on Feb 8th and £182 of a slightly larger loan (2DFDC5B3C) on Jan 29th. I've got £26.95 in 2DFDC5BCB and £44.57 in 2DFDC5B3C. Looks like allocations do go more or less proportional with available cash. Thank you for your samples.
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archie
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Post by archie on Feb 18, 2019 7:30:49 GMT
I was temporarily down on the balance for a few days - reduced company incoming cashflow - so only £250 free cash balance. Hence only got £47.23. Would have been double or more if I'd been at full strength. (Put some more in over the weekend to replenish the balance). Eg I got over £70 of a slightly smaller loan the week before (2DFDC5BCB) on Feb 8th and £182 of a slightly larger loan (2DFDC5B3C) on Jan 29th. I've got £26.95 in 2DFDC5BCB and £44.57 in 2DFDC5B3C. Looks like allocations do go more or less proportional with available cash. Thank you for your samples. I got £120.61 in 2DFDC5BCB and £213.54 in 2DFDC5B3C. Available cash balance between £800 and £1000 at the time.
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IFISAcava
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Post by IFISAcava on Feb 18, 2019 9:20:37 GMT
I've got £26.95 in 2DFDC5BCB and £44.57 in 2DFDC5B3C. Looks like allocations do go more or less proportional with available cash. Thank you for your samples. I got £120.61 in 2DFDC5BCB and £213.54 in 2DFDC5B3C. Available cash balance between £800 and £1000 at the time. I've been neglecting my cash balance a bit longer than I thought obviously!
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Post by GSV3MIaC on Feb 18, 2019 10:14:32 GMT
I've got £26.95 in 2DFDC5BCB and £44.57 in 2DFDC5B3C. Looks like allocations do go more or less proportional with available cash. Thank you for your samples.
I believe they are proportional to what you ask for, or available cash, whichever is smaller, which is why investors tend to have some fairly significant cash drag, because they have to keep a largish 'float' in the account to get reasonable bite at new loans. May be better since the rate drop, which caused some folks to decide to run down/out, leaving more for the rest. I don't see any big pick up in loan origination rate though.
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Post by df on Feb 18, 2019 20:37:18 GMT
I've got £26.95 in 2DFDC5BCB and £44.57 in 2DFDC5B3C. Looks like allocations do go more or less proportional with available cash. Thank you for your samples.
I believe they are proportional to what you ask for, or available cash, whichever is smaller, which is why investors tend to have some fairly significant cash drag, because they have to keep a largish 'float' in the account to get reasonable bite at new loans. May be better since the rate drop, which caused some folks to decide to run down/out, leaving more for the rest. I don't see any big pick up in loan origination rate though.
Yes, we established that, can't remember when and what thread, but it was before the rate drop. I haven't change my average float since then and seen an increase in size of my allocations, most likely because some folks decided to exit. At the time I kept my limits for PT/GT at £800 until I had a surprise - one of PT's grabbed £214 which almost emptied my float. Since then I capped them to £200, don't want to be too greedy I doubt there will be any dramatic changes in origination, I don't think bling lending is ever going to expand, but it's good to see that UB provides a stable flow (unlike FS, MT and "Collapse").
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xtab
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Post by xtab on Feb 19, 2019 18:05:02 GMT
I believe they are proportional to what you ask for, or available cash, whichever is smaller, which is why investors tend to have some fairly significant cash drag, because they have to keep a largish 'float' in the account to get reasonable bite at new loans. May be better since the rate drop, which caused some folks to decide to run down/out, leaving more for the rest. I don't see any big pick up in loan origination rate though.
Yes, we established that, can't remember when and what thread, but it was before the rate drop. I haven't change my average float since then and seen an increase in size of my allocations, most likely because some folks decided to exit. At the time I kept my limits for PT/GT at £800 until I had a surprise - one of PT's grabbed £214 which almost emptied my float. Since then I capped them to £200, don't want to be too greedy I doubt there will be any dramatic changes in origination, I don't think bling lending is ever going to expand, but it's good to see that UB provides a stable flow (unlike FS, MT and "Collapse"). I found that by upping the limit to what I thought were almost ridiculous levels (far more than the current float), I seemed to be getting a better allocation. I'm just starting to get a bit twitchy about the number of loans on watches, so am mostly weighting the allocation towards the Gold side now.
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IFISAcava
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Post by IFISAcava on Feb 19, 2019 18:45:00 GMT
Yes, we established that, can't remember when and what thread, but it was before the rate drop. I haven't change my average float since then and seen an increase in size of my allocations, most likely because some folks decided to exit. At the time I kept my limits for PT/GT at £800 until I had a surprise - one of PT's grabbed £214 which almost emptied my float. Since then I capped them to £200, don't want to be too greedy I doubt there will be any dramatic changes in origination, I don't think bling lending is ever going to expand, but it's good to see that UB provides a stable flow (unlike FS, MT and "Collapse"). I found that by upping the limit to what I thought were almost ridiculous levels ( far more than the current float), I seemed to be getting a better allocation. I'm just starting to get a bit twitchy about the number of loans on watches, so am mostly weighting the allocation towards the Gold side now. you will only have the lower of the limit or the current float applied to the loan for purposes of calculating your share
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ding
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Post by ding on Mar 1, 2019 12:23:14 GMT
Surprised to see 74k left of 190k Standard Loan (Provision Trust) paying 0.7%/month
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amwinv
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Post by amwinv on Mar 1, 2019 12:53:09 GMT
Surprised to see 74k left of 190k Standard Loan (Provision Trust) paying 0.7%/month One ring alone is £113,000.
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Post by dharm999 on Mar 3, 2019 10:09:23 GMT
That valuation is the purchase price, and based on my, albeit, limited experience of jewellery auctions, you would get 50-70 % of the purchase price, before costs, so the ltv of nearly 74% looks toppy to me, and not a loan I would put a lot of money in to. Worth a small punt, given the provision fund would kick in, but not a lot, in my opinion.
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