SteveT
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Post by SteveT on Jan 21, 2016 14:36:53 GMT
On the plus side, MT usually credit cash deposits in no time!
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caesium
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Post by caesium on Jan 21, 2016 14:36:59 GMT
This is the one improvement I would like to see MT make to bring them up to the same level of convenience as SS. I wouldn't. Two minutes after they make this change, the same bot issue will exist here as it does (did) on SS.
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paulg
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Post by paulg on Jan 21, 2016 14:44:11 GMT
I wonder how much the MT SM suffers from the fact that lenders have to have real money in their accounts (shock, horror) before they can buy something? I'm sure the SS 'buy now, pay later' approach is one of the reasons that their SM is so liquid. This is the one improvement I would like to see MT make to bring them up to the same level of convenience as SS.Having said that, loan parts on the MT SM still don't hang around particularly long. I just wish there was more available as I'm trying to get a bit more invested on the platform. I don't think the MT SM suffers from anything - except perhaps lack of sellers, and has advantages over the SS model - like continuing to earn interest while loan parts are for sale, and instant credit to our accounts for parts of sales as they progress. I agree that the SS 'buy now, pay later' approach is very convenient and would probably attract more funds to MT if there were parts to buy, but it's open to abuse and I think if MT were to adopt it as part of their business model it would guarantee an immediate bot-fest, and that's something I don't want to see on here. Edit: Crossed with caesium.
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sam i am
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Post by sam i am on Jan 21, 2016 16:05:18 GMT
Good to gauge the feeling over here on the MT board. My comment was really in response to the fact that loans were 'lingering' (admittedly only for a few minutes) and in my experience there wasn't much SM activity. I wondered if immediate funding would speed things up and encourage more to be available. It would help re-balancing as well as new investments.
I get the point about bots although any bot operator could now add funds to their account and then use the bot to invest. The reason they don't need to is because the SM is relatively slow (i.e. more than a few seconds to sell). Pre-funding the account only slows activity so bots are not needed rather than stopping them from operating. If loans sold faster bots may appear anyway.
The corollary to these comments would seem to be that the SS SM might be better without immediate funding. But I'm not sure it would. I'm quite sure the bots would still be there but the 'normal' investors would be inconvenienced. Except that the bots have mostly gone now due to the Captcha feature.
There is another difference between SS and MT and that is one of scale. MT is significantly smaller and the sums I have sitting idle waiting to invest are not huge. So I don't particularly mind pre-funding my account. The opportunities on SS are much larger and I would not want to have these larger amounts hanging around waiting to invest.
In my limited experience I like MT and I'd like to get more invested. But it seems it will take a bit of time to get to where I want to be.
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Post by Deleted on Jan 21, 2016 16:19:13 GMT
"But it seems it will take a bit of time to get to where I want to be."
take the time, set a logical time and money target and you will succeed. Set a silly one and you will get a load of c@@p.
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webwiz
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Post by webwiz on Jan 21, 2016 16:24:53 GMT
I think the best improvement for MT would be prefunding as on SS. I don't want "invest now pay later" and think that SS would be improved by its removal.
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sam i am
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Post by sam i am on Jan 21, 2016 16:49:19 GMT
"But it seems it will take a bit of time to get to where I want to be." take the time, set a logical time and money target and you will succeed. Set a silly one and you will get a load of c@@p. Completely agree! I just feel I'm a bit unbalanced towards SS at the moment.
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mike
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Post by mike on Jan 21, 2016 17:05:39 GMT
Given that demand is far outstripping supply on many platforms (certainly the ones I use) the last thing I want to see on MT is the buy now pay later model used on SS.
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Post by duncandive on Jan 21, 2016 17:42:25 GMT
I think the best improvement for MT would be prefunding as on SS. I don't want "invest now pay later" and think that SS would be improved by its removal. Maybe I am just rather tired, but I am finding it hard to understand your comment. Perhaps you have your 'MT' and 'SS' around the wrong way for at least part of the comment..?
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Post by Financial Thing on Jan 21, 2016 18:11:11 GMT
Please please please MoneyThing, continue as in and don't follow SS's lead. It 'aint broke so don't fix it.
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webwiz
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Post by webwiz on Jan 21, 2016 18:26:17 GMT
I think the best improvement for MT would be prefunding as on SS. I don't want "invest now pay later" and think that SS would be improved by its removal. Maybe I am just rather tired, but I am finding it hard to understand your comment. Perhaps you have your 'MT' and 'SS' around the wrong way for at least part of the comment..? I think MT would be improved by pre-funding as on SS. I don't like the buy now pay later model used on SS and think it would be better without it, because it encourages people to buy loans that they don't really want and makes life easy for bots. I admit it was useful in their early days and enabled them to grow quickly but IMHO its day is done. I hope that is clear enough. Perhaps you are confusing pre-funding and buy now pay later?
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Post by duncandive on Jan 21, 2016 18:36:11 GMT
Maybe I am just rather tired, but I am finding it hard to understand your comment. Perhaps you have your 'MT' and 'SS' around the wrong way for at least part of the comment..? I think MT would be improved by pre-funding as on SS. I don't like the buy now pay later model used on SS and think it would be better without it, because it encourages people to buy loans that they don't really want and makes life easy for bots. I admit it was useful in their early days and enabled them to grow quickly but IMHO its day is done. I hope that is clear enough. Perhaps you are confusing pre-funding and buy now pay later? Knew I was tired... Thanks webwiz all clear now.
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webwiz
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Post by webwiz on Jan 21, 2016 18:45:52 GMT
Knew I was tired... Thanks webwiz all clear now. Get some sleep - but be wide awake at 4.00 tomorrow afternoon!
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Post by pepperpot on Jan 22, 2016 23:10:31 GMT
Some of todays AE portfolio (£1546) available for anyone who hasn't bid yet.
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SteveT
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Post by SteveT on Jan 26, 2016 8:50:57 GMT
Modest sale of art
[Gone in around 2 mins]
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