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Post by MoneyThing on Nov 16, 2015 10:47:21 GMT
Thank you again for all your input - it has been very useful and has kept me pretty busy over the weekend!
I am just in the process of formulating a plan which will likely include an 'instant returns' type mechanism. Having spent a considerable amount of time with the borrower, developers & surveyors on site and with solicitors I really think it is too much of a strong proposition to miss simply because of the format for which we have initially used to present this loan to investors on the platform.
Will revert back later today.
Thanks again.
Regards,
Ed
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ablender
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Post by ablender on Nov 16, 2015 13:24:38 GMT
OK, I'll budge. I'll go and find some more cash.
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ben
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Post by ben on Nov 16, 2015 13:43:31 GMT
I hope this loan does go through but still think a bit much for the amount of investors and with the fact that the car loans are still not completely full. That being said I will put a bit on, although I doubt it will make any dent in the amount needed
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Maestro
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Post by Maestro on Nov 16, 2015 15:01:43 GMT
Thank you again for all your input - it has been very useful and has kept me pretty busy over the weekend! I am just in the process of formulating a plan which will likely include an 'instant returns' type mechanism. Having spent a considerable amount of time with the borrower, developers & surveyors on site and with solicitors I really think it is too much of a strong proposition to miss simply because of the format for which we have initially used to present this loan to investors on the platform. Will revert back later today. Thanks again. Regards, Ed Great. I hope this fills as I intend to move some of my investment in Block B (SS) over to Block C, as I consider this to be lower risk than B (despite lack of provision fund here at MT) primarily because of the development/sales to date.
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james
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Post by james on Nov 16, 2015 15:51:59 GMT
I am just in the process of formulating a plan which will likely include an 'instant returns' type mechanism. There's a variation on the instant returns approach that you might want to consider because it's cheaper but probably sufficient. Start the instant returns from one week after the loan is listed instead of immediately. Or a few days. Instant returns is to try to remove the concern that a loan won't fill or will take a long time to fill. That's to prevent the "invest only just before the end of the listing period" effect that a rational investor would use for a loan not expected to fill very quickly. And that in turn means a loan looks slow to fill which discourages more investment early on and so on. What the delay does is save you money but still reassure lenders that their money won't be idle for long even if the loan takes a while to fill. You end up paying nothing in the quick fill cases and less in the slower to fill ones. Those who are inclined to wait would probably wait only until the instant returns start time instead of until the end. In the Ablrate case mentioned earlier they paid instant returns for several months until they gave up on the deal.
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Post by MoneyThing on Nov 16, 2015 16:38:09 GMT
I am just in the process of formulating a plan which will likely include an 'instant returns' type mechanism. There's a variation on the instant returns approach that you might want to consider because it's cheaper but probably sufficient. Start the instant returns from one week after the loan is listed instead of immediately. Or a few days. Instant returns is to try to remove the concern that a loan won't fill or will take a long time to fill. That's to prevent the "invest only just before the end of the listing period" effect that a rational investor would use for a loan not expected to fill very quickly. And that in turn means a loan looks slow to fill which discourages more investment early on and so on. What the delay does is save you money but still reassure lenders that their money won't be idle for long even if the loan takes a while to fill. You end up paying nothing in the quick fill cases and less in the slower to fill ones. Those who are inclined to wait would probably wait only until the instant returns start time instead of until the end. In the Ablrate case mentioned earlier they paid instant returns for several months until they gave up on the deal. Thanks James. Had I read your post a little sooner I could have taken your suggestion into consideration. We are just about to send an email out to investors to inform them that they will start earning interest from today. At 5pm investors will see the current listing roll over into a new listing with 12% pa return instead of 0%. Regards, Ed
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Post by MoneyThing on Nov 16, 2015 16:47:30 GMT
There's a variation on the instant returns approach that you might want to consider because it's cheaper but probably sufficient. Start the instant returns from one week after the loan is listed instead of immediately. Or a few days. Instant returns is to try to remove the concern that a loan won't fill or will take a long time to fill. That's to prevent the "invest only just before the end of the listing period" effect that a rational investor would use for a loan not expected to fill very quickly. And that in turn means a loan looks slow to fill which discourages more investment early on and so on. What the delay does is save you money but still reassure lenders that their money won't be idle for long even if the loan takes a while to fill. You end up paying nothing in the quick fill cases and less in the slower to fill ones. Those who are inclined to wait would probably wait only until the instant returns start time instead of until the end. In the Ablrate case mentioned earlier they paid instant returns for several months until they gave up on the deal. Thanks James. Had I read your post a little sooner I could have taken your suggestion into consideration. We are just about to send an email out to investors to inform them that they will start earning interest from today. At 5pm investors will see the current listing roll over into a new listing with 12% pa return instead of 0%. Regards, Ed Woohoo - personal goal 1 complete.... 50% LTP. (Likes To Posts).
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duck
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Post by duck on Nov 16, 2015 16:51:51 GMT
.......and then somebody comes along and spoils the symmetry.
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ramblin rose
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“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Nov 16, 2015 16:57:59 GMT
We are just about to send an email out to investors to inform them that they will start earning interest from today. At 5pm investors will see the current listing roll over into a new listing with 12% pa return instead of 0%. Regards, Ed In which case, I am very pleased that I chose today to top up my investment
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gt94sss2
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Post by gt94sss2 on Nov 16, 2015 17:10:07 GMT
We are just about to send an email out to investors to inform them that they will start earning interest from today. At 5pm investors will see the current listing roll over into a new listing with 12% pa return instead of 0%. Good news - and I'm lad you didn't have a chance to incorporate James idea!
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madpierre
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Post by madpierre on Nov 16, 2015 17:13:08 GMT
Woohoo - personal goal 1 complete.... 50% LTP. (Likes To Posts). Ed, if we help you complete personal goal 2 will you increase the cash back
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Post by MoneyThing on Nov 16, 2015 17:14:38 GMT
Woohoo - personal goal 1 complete.... 50% LTP. (Likes To Posts). Ed, if we help you complete personal goal 2 will you increase the cash back If you can guess what it might be then certainly!
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madpierre
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Post by madpierre on Nov 16, 2015 18:45:12 GMT
Ed, if we help you complete personal goal 2 will you increase the cash back If you can guess what it might be then certainly! Aha, I have just noticed that the 'Representative of Saving Stream' has a greater than 100% LTP, so I assume exceeding that mighty total will be personal goal 2
I will have 3% cashback please (I'm not greedy) and have increased my funding in MT282 in readiness . Obviously you are now going to claim this was not your goal at all... I'll bet you'd be the same at I-spy
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Post by marek63 on Nov 17, 2015 14:57:55 GMT
MoneyThingEd , 1) Are you now paying 12% from date of cash investment (like SS) even if the loan fails to drawdown. I had one of those on SS and I was very impressed to receive my £47 for doing not much and taking no actual risk when the loan failed to draw. 2) Who is involved in moneything apart from you - what is your FCA regulation status and backup plan in case you get ill or something? Best M
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ramblin rose
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“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Nov 17, 2015 16:42:33 GMT
MoneyThingEd , 1) Are you now paying 12% from date of cash investment (like SS) even if the loan fails to drawdown. I had one of those on SS and I was very impressed to receive my £47 for doing not much and taking no actual risk when the loan failed to draw. 2) Who is involved in moneything apart from you - what is your FCA regulation status and backup plan in case you get ill or something? Best M I assume you haven't read the 'Meet the MoneyThing Team' with the details of the members of the team on the MT website: Meet the team (cursor over the pics to get the details), and this post just 8 previous to yours in this thread where Ed states that the interest will be paid as of yesterday on this loan (all other loans on MT always have accrued interest from the date of investment, and this was a little different, being a much larger loan).
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