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timing
Jan 15, 2015 11:17:41 GMT
Post by valueinvestor123 on Jan 15, 2015 11:17:41 GMT
Is there a better time to bid for a loan or does it not make any difference? I.e. once I am outbid from 20% for example, I then get a bid at 19% but I see some investors still get 20% so perhaps their timing was better. Is there any logic or system in it at all?
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ianb
Posts: 161
Likes: 54
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Post by ianb on Jan 15, 2015 13:08:18 GMT
Just experience really. Like if you bid at 20 today, and I do tomorrow, then I'm going to be bumped first - so the earlier you bid the later you'll be rejected at a particular rate. The good thing is you get emails when you are rejected. The more difficult thing is guessing how far down it'll go, like if its a hot one you may be better getting near the bottom of the 18%'s than mid way up the 19%'s (in the above example) - so I may go down at more than 1 percent at a time. Hope that helps.
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timing
Jan 15, 2015 14:11:42 GMT
Post by valueinvestor123 on Jan 15, 2015 14:11:42 GMT
Thanks. Is there a particular time when they put up the loans?(morning or afternoons etc) Or is it random?
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ianb
Posts: 161
Likes: 54
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timing
Jan 15, 2015 16:47:41 GMT
Post by ianb on Jan 15, 2015 16:47:41 GMT
I think its more afternoons. Personally though I don't bid straight away at all, I tend to have a good sniff around and either pose some (often stupid) questions myself or wait till others have posed questions and I can see responses. That way I can take a view as to how good a business and risk they are. With the auction timescales as they are, I don't see a particular rush to get a bid in. Though with an increasing investor population there seems more of a propensity to dive straight in regardless (which personally I think is to the detriment of the site as it doesn't encourage borrower to respond). Anyway, its a free world so you need to decide yourself a strategy.
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timing
Jan 15, 2015 17:24:30 GMT
Post by rugbylad on Jan 15, 2015 17:24:30 GMT
In my experience it can be any time of day depending on work flow and when (and if) the listing has been proof read by the introducer or borrower.
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