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Post by shadoh on Jun 2, 2015 13:59:58 GMT
the site in general is quite slow for me.
in other news, I've sold couple hundrend pounds worth of microloans in past 2 weeks. thank you.
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SteveT
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Post by SteveT on Jun 2, 2015 15:25:22 GMT
the site in general is quite slow for me. in other news, I've sold couple hundrend pounds worth of microloans in past 2 weeks. thank you. Funnily enough, I've bought a couple of hundred so you're welcome
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shimself
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Post by shimself on Jun 2, 2015 21:11:24 GMT
some snags:
In the SM found a borrower who interests me, clicked through (opens in new tab) after investigation I'm now looking at the short list of microloans on the right Click on Seller's Premium (in fact any of the column headings) all the microloans disappear!!
Why not show all of the available microloans on the right, I kept on clicking on Five More to find the one I wanted.
and DISASTROUSLY having chosen the loan I clicked on Buy Now (£12.34) > and nothing happened! Oh wait, it finally did after about a minute. I think (my available balance is unchanged).
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SteveT
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Post by SteveT on Jun 2, 2015 21:25:16 GMT
some snags: In the SM found a borrower who interests me, clicked through (opens in new tab) after investigation I'm now looking at the short list of microloans on the right Click on Seller's Premium (in fact any of the column headings) all the microloans disappear!! Why not show all of the available microloans on the right, I kept on clicking on Five More to find the one I wanted. and DISASTROUSLY having chosen the loan I clicked on Buy Now (£12.34) > and nothing happened! Oh wait, it finally did after about a minute. I think (my available balance is unchanged). Best to ignore the mini "Selected micro loan opportunites" list on the right (other than the top one, I've no clue how it selects which of the others to show) and simply go to the full listing on the "Micro Loans" tab.
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Post by shadoh on Jun 3, 2015 8:20:50 GMT
I reckon the micoloans on the right are a list of different sellers. E.G. if I had microloans for different premiums, it would only show my lowest premium on that list.
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SteveT
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Post by SteveT on Jun 3, 2015 9:46:59 GMT
I reckon the micoloans on the right are a list of different sellers. E.G. if I had microloans for different premiums, it would only show my lowest premium on that list. You may be right, but I think it's daft to present a list of "selected opportunities" that, other than the top one, usually represent worse deals than other microloans available on the main list. Seems guaranteed to catch out (and annoy) the unwary.
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shimself
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Post by shimself on Jun 3, 2015 12:03:26 GMT
Best to ignore the mini "Selected micro loan opportunites" list on the right (other than the top one, I've no clue how it selects which of the others to show) and simply go to the full listing on the "Micro Loans" tab. The selected list seems to be in Buyer's Rate order (correctly). But yes thanks for pointing that out, I hadn't actually seen it! - I suggest rather than the "show another five" link it would be better to have a "show all" link which just took you to the MicroLoans tab Even then the wait after pressing the Buy button is ridiculous, at the very least one needs to see something happening if only a spinner
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SteveT
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Post by SteveT on Jun 3, 2015 12:55:26 GMT
Best to ignore the mini "Selected micro loan opportunites" list on the right (other than the top one, I've no clue how it selects which of the others to show) and simply go to the full listing on the "Micro Loans" tab. The selected list seems to be in Buyer's Rate order (correctly). But yes thanks for pointing that out, I hadn't actually seen it! - I suggest rather than the "show another five" link it would be better to have a "show all" link which just took you to the MicroLoans tab Even then the wait after pressing the Buy button is ridiculous, at the very least one needs to see something happening if only a spinner I guess the system needs to have a decent think before deciding which of the myriad competing ReBS SM buyers managed to press the Buy button first
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Post by shadoh on Jun 3, 2015 17:57:53 GMT
I had an idea in how to improve microloans sales, what do you think of this!
Lets say I want to invest in a SM but the sellers are asking too high a premium. So you post a message in the discussion asking if they really want to sell to reduce their premium to X.
watcha think?
p.s. sold another 10 microloans today (thanks stevet? lol)
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SteveT
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Post by SteveT on Jun 3, 2015 18:16:46 GMT
I had an idea in how to improve microloans sales, what do you think of this! Lets say I want to invest in a SM but the sellers are asking too high a premium. So you post a message in the discussion asking if they really want to sell to reduce their premium to X. watcha think? p.s. sold another 10 microloans today (thanks stevet? lol) Not me today, but I did sell one!
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Post by betterthanworking on Jun 3, 2015 20:29:10 GMT
shadoh —Taking your idea a bit further, interesting idea to have a SM based on offers to buy rather than offers to sell.
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SteveT
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Post by SteveT on Jun 4, 2015 6:09:57 GMT
shadoh —Taking your idea a bit further, interesting idea to have a SM based on offers to buy rather than offers to sell. That's really how the AC SM works for loans where demand exceeds supply. The ability to post both offers to sell and offers to buy could certainly increase liquidity (by showing both buyers and sellers where the current "market rate" lies) but could be a challenge to implement on ReBS since individual loan parts carry differing rates of interest.
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Post by escastro on Jun 5, 2015 17:33:28 GMT
escastro, It would make a huge difference if accrued interest up to the date of the sale remained with the seller. Some of these loans with high teen interest rates give monthly payments that exceed a reasonable premium and site fees combined. I've found myself putting loans up for sale at 'reasonable premium', then deciding to remove them two weeks later because I would make a loss if they sold just before payout — all too much hassle. It probably restricts buying activity too; folk delay buying until just before payout day, but by then the micro loan in question may have been removed from sale, or repriced upwards to compensate. Another dissuasive aspect of the system is that the (new) individual loan windows generated from the SM page take 12 to 15 seconds to open (on my platform (Safari on Mac) anyway), but it really would make a big difference when 'window shopping' the secondary market if this was a bit quicker. Reading back, that all seems like I'm having a moan, but it's not the intention; I am trying to be constructive, as I like ReBS and want it to thrive :-) By the way, the ReBS website now shows micro loan trading for April to be 15k, not the 7k which was shown half way through May when I started this thread, so there is obviously some time-lag in data being incorporated into that graph. I will definitely look into your first suggestion, really good point to keep accrued interest with the seller. Regarding, new loan window it's definitely taking too long. I'm working with a developer so each tab loads via Ajax, loading in the background. Hopefully, we'll be done with that soon after I test it. Thank you so much for your feedback, we always welcome it. The site is for you anyways :-)
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Post by escastro on Jun 5, 2015 17:36:09 GMT
Another dissuasive aspect of the system is that the (new) individual loan windows generated from the SM page take 12 to 15 seconds to open (on my platform (Safari on Mac) anyway), but it really would make a big difference when 'window shopping' the secondary market if this was a bit quicker. Just tried this on my PC (running Chrome) and it only takes 3 to 5 seconds to open a loan window from the SM page. I hadn't noticed it to be a problem as this is no slower than most of the other ReBS pages are to open (which, admittedly, are frustratingly slow versus other platforms). We are actually updating wordpress and a lot of debugging, hopefully by the end of this month things will run more smoothly... *fingers crossed*
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kaya
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Post by kaya on Jun 6, 2015 9:52:49 GMT
In my opinion it is perfectly fair for all the month's interest to go to the buyer. Some platforms do it the other way, true, but I have no problem with the way it is here ( also FK). Why should the seller get all the advantage? The buyer is taking the risk of there being a default, and I think the current way is fairer overall. So my vote is for no change here. The real problem with the secondary market is the frequently high premiums, and the idea of 'offers to buy' also occurred to me. It would be an interesting and novel development, and would help to make Rebs even more different from the rest. Probably it would be complicated to set up, but it would certainly liven the market and be interesting....and the Rebs management seem to enjoy developing websites!
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