boundah
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Post by boundah on Nov 29, 2018 18:16:18 GMT
Yesterday I had a quick glance through the inventory for these loans, but it seems to have disappeared from the listing. From what I could make out, most assets comprising our security were phones and X-boxes - I'm not sure that's too reassuring? I was rather hoping for some proper bling.
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amwinv
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Post by amwinv on Nov 29, 2018 20:14:14 GMT
Yesterday I had a quick glance through the inventory for these loans, but it seems to have disappeared from the listing. From what I could make out, most assets comprising our security were phones and X-boxes - I'm not sure that's too reassuring? I was rather hoping for some proper bling. The previous tranches were split between pawn and electronics. These are just pawn loans, so I naively assumed bling?
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johni
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Post by johni on Nov 29, 2018 21:10:14 GMT
Yesterday I had a quick glance through the inventory for these loans, but it seems to have disappeared from the listing. From what I could make out, most assets comprising our security were phones and X-boxes - I'm not sure that's too reassuring? I was rather hoping for some proper bling. There are no inventories in these loans. Where did you find them? Thanks
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Post by df on Nov 29, 2018 21:41:02 GMT
Thanks to all who responded to my naive questions I see my points confirmed. Every loan will repay capital and interest after it's respective term, ie 6, 12, 18 months etc. This however does make the later loans more risky and therefore they should have a higher interest relative to the early ones. It's basically the same argument why the Yield-curve should be monotonically increasing. Whatever .. I can't see further ahead than a year or so. I'll only invest in the first few loans. My risk, I believe, then is: Will there be other 12% loans in a year?Possibly, but MT's loan flow is very slow as you'd expect from 12% platforms. I don't think this is a risk, you can always find somewhere to reinvest - not necessarily at 12%, high interest market seems to be diminishing. I think if you invested in the first two loans only your risk is fairly low.
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Post by Badly Drawn Stickman on Nov 29, 2018 23:18:24 GMT
Looks a bit like £25 was a shade on the low side bid limit wise. I have written on a bit of paper in front of me £40 which would probably have been nearer the mark.
I should qualify that by saying I have a lot of bits of paper and things written down most of which no longer mean anything to me so the £40 could relate to absolutely anything really.
There does also seem to be a modest leaning to the shorter term loans at the current time. Six months ago even at £25 these would have been gone in minutes times are clearly changing.
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jonbvn
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Post by jonbvn on Nov 30, 2018 2:05:31 GMT
Really shows how the P2P market has changed. These loans would have been gone in minutes just last year.
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Post by GSV3MIaC on Nov 30, 2018 8:38:39 GMT
I wrote down 40 or 50, but MoneyThing didn't ask me this time .. too much risk of chocolate loss? Still, it will probably all go by hour 49.
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johni
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Post by johni on Nov 30, 2018 8:53:09 GMT
This has been set to last into 48 hours because 1 or 2 people requested it. We will see how quick the rest goes at 12 o clock
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applets
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Post by applets on Nov 30, 2018 9:10:41 GMT
This has been set to last into 48 hours because 1 or 2 people requested it. We will see how quick the rest goes at 12 o clock The danger of pandering to the wishes of a handful of lenders. Still, they will presumably be assured of getting the eventual allocation they wanted. A number of lenders did warn that setting small bid limits for multiple bid periods on loans would deter some of the bigger lenders. However, it could equally be that some lenders are put off by the poor financial position of the borrower (the accounts due next month may of course show an improvement) or are already up to their limit with this borrower through previous loans. In any event, it would certainly appear that a significant number of the 5143 registered MT lenders did not lend on this loan.
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Post by GSV3MIaC on Nov 30, 2018 10:12:13 GMT
This has been set to last into 48 hours because 1 or 2 people requested it. We will see how quick the rest goes at 12 o clock
Actually I don't think anyone did .. several requested that it should last for 24 hours (or 25 at the outside). 48hrs (and it may go to 49) is the result of setting it a bit too small. I expect it'll come out right next time..
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johni
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Post by johni on Nov 30, 2018 10:34:04 GMT
This has been set to last into 48 hours because 1 or 2 people requested it. We will see how quick the rest goes at 12 o clock
Actually I don't think anyone did .. several requested that it should last for 24 hours (or 25 at the outside). 48hrs (and it may go to 49) is the result of setting it a bit too small. I expect it'll come out right next time..
This is one of the posts I was referring to. Nov 21, 2018 at 8:53pm QuotelikePost Options Post by cedarcourtcapital on Nov 21, 2018 at 8:53pm Ed.... I appreciate you would like certainty to allow immediate drawdown, but would an additional 24 hours, needed to use the two stage approach, really make that much difference? Using a two period approach would be fairer to all, rather than being beneficial to those with deep pockets and FFF access after 24 hours. This has been the case more than once in the past when you erred on the low side, rather than the high side as in this case. If there is no technical reason why the two period approach cannot be used, I would urge it to be considered in future because of it's equity. With the active lender base dwindling (my assumption), I think the more lenders that can be kept involved, the better.
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Post by GSV3MIaC on Nov 30, 2018 16:44:30 GMT
Precisely, but two periods, correctly sized, results in a sell out pretty soon after 24 hours, certainly before 48. The second period is to allow for SLIGHT undersizing of the bid limit. In this case it is a bit too far undersized.
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johni
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Post by johni on Nov 30, 2018 17:27:06 GMT
Precisely, but two periods, correctly sized, results in a sell out pretty soon after 24 hours, certainly before 48. The second period is to allow for SLIGHT undersizing of the bid limit. In this case it is a bit too far undersized. Understand what you are meaning.
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boundah
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Post by boundah on Nov 30, 2018 17:35:11 GMT
Yesterday I had a quick glance through the inventory for these loans, but it seems to have disappeared from the listing. From what I could make out, most assets comprising our security were phones and X-boxes - I'm not sure that's too reassuring? I was rather hoping for some proper bling. There are no inventories in these loans. Where did you find them? Thanks They were part of the pre-launch listing but disappeared once it went live. Maybe MoneyThing can shed further light?
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johni
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Post by johni on Nov 30, 2018 23:34:58 GMT
There are no inventories in these loans. Where did you find them? Thanks They were part of the pre-launch listing but disappeared once it went live. Maybe MoneyThing can shed further light? Thanks much appreciated
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