nw99
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Post by nw99 on May 20, 2018 18:34:14 GMT
With bids and offers there is always a good secondary market with Ablrate . the only true one in p2p awesome
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ceejay
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Post by ceejay on May 20, 2018 19:03:51 GMT
With bids and offers there is always a good secondary market with Ablrate . the only true one in p2p awesome The point that was being made upthread was, I believe, along the lines of "past performance is no guarantee of the future...". Yes, the ablrate SM is well implemented and at the moment is working well. But it wouldn't take much of an external disruption to send everyone running to the hills (or a boringly safe bank account), so it would be wrong to assume that this will always continue to be the case.
What I'd been contemplating was the question about whether to pop some dosh in this loan, even though I don't like the duplication of lenders (and also, incidentally, because its a longer term than I prefer), in the hope that I might find a better loan on ABL to move my money to before this particular loan/lender went bad. In the end I decided I would put a small amount in - much less than my usual wedge - mainly because I can't see anything better to do with it right now.
Of course, if the loan becomes unsellable because EVERYTHING has become unsellable, then it doesn't matter a huge amount which loan one's money is in - although that does bring me back to my preference for shorter loans, which means that this will be the first one I dump when a better offer does turn up.
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nw99
Posts: 340
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Post by nw99 on May 20, 2018 19:31:38 GMT
Always a price for everything and can’t see this loan having any problems at least in the short term .
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blender
Member of DD Central
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Post by blender on May 20, 2018 21:17:07 GMT
With bids and offers there is always a good secondary market with Ablrate . the only true one in p2p awesome The point that was being made upthread was, I believe, along the lines of "past performance is no guarantee of the future...". Yes, the ablrate SM is well implemented and at the moment is working well. But it wouldn't take much of an external disruption to send everyone running to the hills (or a boringly safe bank account), so it would be wrong to assume that this will always continue to be the case.
What I'd been contemplating was the question about whether to pop some dosh in this loan, even though I don't like the duplication of lenders (and also, incidentally, because its a longer term than I prefer), in the hope that I might find a better loan on ABL to move my money to before this particular loan/lender went bad. In the end I decided I would put a small amount in - much less than my usual wedge - mainly because I can't see anything better to do with it right now.
Of course, if the loan becomes unsellable because EVERYTHING has become unsellable, then it doesn't matter a huge amount which loan one's money is in - although that does bring me back to my preference for shorter loans, which means that this will be the first one I dump when a better offer does turn up.
Not so much 'glass half empty' as glass will inevitably fall off the table, smash to bits, lacerate your leg, and cause death through sepsis. You could put the money on a horse .
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Post by Badly Drawn Stickman on May 20, 2018 21:50:25 GMT
The point that was being made upthread was, I believe, along the lines of "past performance is no guarantee of the future...". Yes, the ablrate SM is well implemented and at the moment is working well. But it wouldn't take much of an external disruption to send everyone running to the hills (or a boringly safe bank account), so it would be wrong to assume that this will always continue to be the case.
What I'd been contemplating was the question about whether to pop some dosh in this loan, even though I don't like the duplication of lenders (and also, incidentally, because its a longer term than I prefer), in the hope that I might find a better loan on ABL to move my money to before this particular loan/lender went bad. In the end I decided I would put a small amount in - much less than my usual wedge - mainly because I can't see anything better to do with it right now.
Of course, if the loan becomes unsellable because EVERYTHING has become unsellable, then it doesn't matter a huge amount which loan one's money is in - although that does bring me back to my preference for shorter loans, which means that this will be the first one I dump when a better offer does turn up.
Not so much 'glass half empty' as glass will inevitably fall off the table, smash to bits, lacerate your leg, and cause death through sepsis. You could put the money on a horse .
Really, put the money on a horse? The damn thing would be sure to go lame and cost a fortune in vets fees, before having to to be finally 'put down'. And anybody who has ever buried a horse will tell you that's a big hole you are digging for yourself. Does seem to be the current trend on all platforms to assume loans will inevitably default, realistically only most will.
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Post by df on May 20, 2018 21:53:20 GMT
With bids and offers there is always a good secondary market with Ablrate . the only true one in p2p awesome The point that was being made upthread was, I believe, along the lines of "past performance is no guarantee of the future...". Yes, the ablrate SM is well implemented and at the moment is working well. But it wouldn't take much of an external disruption to send everyone running to the hills (or a boringly safe bank account), so it would be wrong to assume that this will always continue to be the case.
What I'd been contemplating was the question about whether to pop some dosh in this loan, even though I don't like the duplication of lenders (and also, incidentally, because its a longer term than I prefer), in the hope that I might find a better loan on ABL to move my money to before this particular loan/lender went bad. In the end I decided I would put a small amount in - much less than my usual wedge - mainly because I can't see anything better to do with it right now.
Of course, if the loan becomes unsellable because EVERYTHING has become unsellable, then it doesn't matter a huge amount which loan one's money is in - although that does bring me back to my preference for shorter loans, which means that this will be the first one I dump when a better offer does turn up.
I didn't invest any new money because I already have enough in 97, but all my repayments go to 104 until it is filled. I'm not planing to sell any parts in future, I tend to hold amortising loans to term (they do gradual dumping for you). The loans sound fine to me. Unless for some reason ABL's SM turns into a "liquid monster", or as it stands today, it shouldn't be difficult to sell your 104 parts.
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blender
Member of DD Central
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Post by blender on May 21, 2018 9:16:25 GMT
I am a frequent flier with Ablrate's SM, and have never failed to dispose of a few £ks of a loan that had lost it's charm for me. Overall, I am well up financially on my SM trades and have never deliberately sold below 99%. Mostly over 101%. Of course, the problem is with origination. If that problem were fixed, then the SM may become less liquid and I could complain about it. But not for the past three years.
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nw99
Posts: 340
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Post by nw99 on May 21, 2018 12:13:27 GMT
Totally agree never sold below 99.5 and always got out of things
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Post by GSV3MIaC on May 21, 2018 19:21:50 GMT
The past is a lousy guide to the future .. although i agree that SO FAR 'buy in haste and flip at leisure' has worked fine.
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blender
Member of DD Central
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Post by blender on May 21, 2018 22:15:52 GMT
The past is a lousy guide to the future .. although i agree that SO FAR 'buy in haste and flip at leisure' has worked fine. We shall see. I have far too much of 98 gaining instant returns in a normal account. When drawn down I expect it to trade at a discount, and so it will be transferred into an ISA account. When the price recovers it will be gradually sold down at a profit to reduce risk. It will be replaced with new loans from new borrowers at 13-15%. The Ablrate SM is a wonderful thing. What could possibly go wrong?
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nw99
Posts: 340
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Post by nw99 on May 26, 2018 4:47:47 GMT
Just traded at a small premium
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nw99
Posts: 340
Likes: 114
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Post by nw99 on May 30, 2018 6:49:50 GMT
Sold out at 100 and now 99 offered have bought a Few here
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victors
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Post by victors on May 30, 2018 7:21:16 GMT
I bought 10k last night at 99 and now I see 10K back again this morning at 99.
The best offer on the other pub with same the borrower is 100.5
Must be keen to sell.
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nw99
Posts: 340
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Post by nw99 on May 30, 2018 7:58:30 GMT
I bought more than that over last night and this am dried up now
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victors
Member of DD Central
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Post by victors on May 30, 2018 8:11:58 GMT
If I recall correctly, didn't they have an underwriter take the balance left unsold at launch.
Maybe the underwriter has such good terms they can afford to sell at 99.
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