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Post by tybalt on Sept 21, 2015 16:00:16 GMT
I think you need to recast the question for one platform, much smaller bands and a time scale of say a month.
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Post by ablrateandy on Sept 21, 2015 16:07:47 GMT
If I did that, I'd be defeating the purpose of my question.
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arbster
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Post by arbster on Sept 21, 2015 16:14:51 GMT
That's the wonder of creating scenarios for blog posts, and gathering "statistics" to support your arguments.
Scenario 2: Imagine you could choose any platform for invest with, any platform at all, but had a particular penchant for containers and aircraft, and definitely not property or pianos. Vote now for the platform where you would exercise your completely free will to invest.
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Post by marek63 on Sept 21, 2015 16:23:13 GMT
Realistically in 24 hours, it would be very dependent on the loans and platforms you were invested in. Given that you can't access your cash in the bank at a weekend in any quantity then ignore that as spurious.
SS has good liquidity - but you would have had to have worked pretty hard to build up a useful position.
AC has good liquidity in certain loans (e.g. turbines) but again, hard to acquire those. 24h to get cash - forget it, think 3 working days realistically based on experiences.
TC has some liquidity, but forget 24h.
If you want serious, reliable liquidity you are in the wrong asset class fundamentally.
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SteveT
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Post by SteveT on Sept 21, 2015 16:34:43 GMT
Assuming I'm working with the 6 - 7 platforms I currently invest through, which range from highly liquid through to having no SM at all (but 6 month loans), I reckon I could get 50-60% liquidated in 24 hours if my stakes were evenly spread. As it happens, my stakes are naturally skewed towards those with good liquidity so it would probably be more like 70% if I pulled the "Sell Everything Now" lever across the board.
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Post by marek63 on Sept 21, 2015 16:37:07 GMT
Liquidating 300,000 is the issue - depth of market in some of these platforms is fine for 20k, but 300,000 is more of a challenge; I have struggled to sell down 30-40k of loan parts in some loans over the last year
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Post by mrclondon on Sept 21, 2015 17:16:47 GMT
Assuming equal split across 6 platforms (so £50k each) and accepting reduction in interest type charges, I think 100% cash-in with one platform and 50% cash-in with two others is perfectly feasible in 24 hours ... so overall a 33% cash in. Of course the platform that takes more than 24 hours to list a secondary market sale would be 0% cash in !
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mikes1531
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Post by mikes1531 on Sept 21, 2015 17:43:37 GMT
Given that you can't access your cash in the bank at a weekend in any quantity ... I don't agree. I have online bank accounts that allow me to move money around 24/7. Between that and the existence of Faster Payments it should be possible to move significant sums -- if I had any -- out of my bank accounts and into someone else's account at the weekend, though I don't know what the FP limits might be. Whether the banks would allow me to do that is, of course, a very different question as behaviour like that is not typical for me and I'd expect the fraud alarms to be triggered by such an attempt, at which point I'd probably be able to do nothing at all. I haven't a clue whether or not any blockages could be lifted immediately after speaking with the fraud monitors or whether it might take a while.
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Post by ablrateandy on Sept 21, 2015 17:58:46 GMT
Please don't get too worked up about it.... It's merely a straw poll of perceptions and fundamentally quite interesting. It isn't designed as a marketing exercise for anyone and if I wanted to test empirically i would give you all the cash and test it properly.  . It's a perception exercise. |
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webwiz
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Post by webwiz on Sept 21, 2015 18:52:52 GMT
Please don't get too worked up about it.... It's merely a straw poll of perceptions and fundamentally quite interesting. It isn't designed as a marketing exercise for anyone and if I wanted to test empirically i would give you all the cash and test it properly. . It's a perception exercise. In that case I would definitely prefer a proper empirical test.
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mikes1531
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Post by mikes1531 on Sept 21, 2015 18:58:38 GMT
It's a perception exercise. My perception is that all the platforms I'm involved in -- there are four -- have enough lags in their systems that access within 24 hours is unlikely. So my vote would be £0k. Unfortunately, that isn't an option. As a result, I'm unable to vote. 
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Post by ablrateandy on Sept 21, 2015 19:12:19 GMT
I will register zeroes and make my post available for critique! I think the concerns on payment lags is a legitimate factor.
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james
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Post by james on Sept 21, 2015 21:48:06 GMT
I don't know what the FP limits might be. . Daily limits are often the same as that although they don't have to be. Expect the transaction to be blocked by fraud checks unless you have a record of doing such large transactions. Weekends might well be counted as transactions on the following Monday, giving just one day's cap for three days of potential transactions. The information I linked to isn't necessarily correct, for example the first direct limit was £40,000 the last time I checked, not £10,000. Lots of interesting quirks to the question we were asked, including things like how sure you want to be that you can get a specified amount out over a certain timespan.
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Liz
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Post by Liz on Sept 21, 2015 22:46:48 GMT
It's a perception exercise. My perception is that all the platforms I'm involved in -- there are four -- have enough lags in their systems that access within 24 hours is unlikely. So my vote would be £0k. Unfortunately, that isn't an option. As a result, I'm unable to vote. I agree zero in 24 hours, 48-72 hours is a different matter.
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duck
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Post by duck on Sept 22, 2015 3:49:33 GMT
Working from the basis of the original question (thereby getting rid of platform delays) my view is up to 2/3 of the invested amount could be raised. Obviously the term that the investments had been held for could have an influence (impaired and attractiveness to buyers) but if investments were set up with this eventuality in mind and managed accordingly I don't see 2/3 as too high, perhaps even a bit low.
ablrateandy since 'you' are already holding my details I am happy to conduct the experiment for you in the 'real world' ..... 
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. It's a perception exercise. 
