deltron
Member of DD Central
Posts: 54
Likes: 66
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Post by deltron on Aug 10, 2023 15:28:02 GMT
The half million pound loan this morning was fully funded in about 10 seconds. That's now the second failed attempt out of three tries to get a £500 slice of the pie. I thought I'd have a chance with it being £500,000 but it was all gone before I'd finished typing '500'. What's the secret here? What am I missing?
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Post by Ace on Aug 10, 2023 17:31:33 GMT
The half million pound loan this morning was fully funded in about 10 seconds. That's now the second failed attempt out of three tries to get a £500 slice of the pie. I thought I'd have a chance with it being £500,000 but it was all gone before I'd finished typing '500'. What's the secret here? What am I missing? There's no secret. It's a matter of fastest finger first at times of high demand. A loan repaid yesterday with £570k of capital plus interest plus 10 months of penalty interest, which is probably the reason for extra high demand today. It could also mean a high demand for tomorrow's loan. Lately, many loans have been available for manual investment for up to a day after they go live, as demand has been lower than it once was. There are 9 loans totalling over £4m scheduled for next week (they probably won't all make it), so should be easier to get funds deployed then. Extra availability in loans often turn up at unpredictable times, presumably when auto investors cancel their allocation, so worth keeping an eye out for them. I'll try to remember to PM you if I stumble across any.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,008
Likes: 574
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Post by dave4 on Aug 10, 2023 18:21:10 GMT
Use autoload then cancil if ur fingers are quick enough in manuel.
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Post by Ace on Aug 11, 2023 9:10:32 GMT
Hopefully, you managed to get a slice of today's loan. There was still £5k available 8 minutes after release.
EDIT: This was the 9th tranche of this loan, so other manual lenders have probably already grabbed as much as they want of this one.
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deltron
Member of DD Central
Posts: 54
Likes: 66
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Post by deltron on Aug 11, 2023 9:13:49 GMT
The half million pound loan this morning was fully funded in about 10 seconds. That's now the second failed attempt out of three tries to get a £500 slice of the pie. I thought I'd have a chance with it being £500,000 but it was all gone before I'd finished typing '500'. What's the secret here? What am I missing? There's no secret. It's a matter of fastest finger first at times of high demand. A loan repaid yesterday with £570k of capital plus interest plus 10 months of penalty interest, which is probably the reason for extra high demand today. It could also mean a high demand for tomorrow's loan. Lately, many loans have been available for manual investment for up to a day after they go live, as demand has been lower than it once was. There are 9 loans totalling over £4m scheduled for next week (they probably won't all make it), so should be easier to get funds deployed then. Extra availability in loans often turn up at unpredictable times, presumably when auto investors cancel their allocation, so worth keeping an eye out for them. I'll try to remember to PM you if I stumble across any. Thanks for that. I've only just started to get into the standard pledges and so far it has felt like a Black Monday brawl at midnight on the wrong side of Pittsburgh. The loan this morning had availability 90 seconds after launch, and it was for about £350,000 so you're right about yesterday being a bit of an exception. I'll investigate the tip about loans popping up again when people have cancelled their pledges. I appreciate the PM but I'd save yourself the hassle as I visit this site fairly infrequently. Thanks again.
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Post by mikec on Aug 26, 2023 12:35:47 GMT
I gave up with CP self-select sometime back, after several failed attempts – life is too short. All of my investments in CP are now made via auto-invest. In my (albeit very limited) experience, the only P2P that I have had regular success with 'manual' select & invest is Kuflink; but I'm now in the slow process of withdrawing from them.
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Post by Ace on Sept 21, 2023 15:33:21 GMT
In case there are any self-selectors out there; there are currently 4 loans on CP with availability.
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