bugs4me
Member of DD Central
Posts: 1,841
Likes: 1,466
|
Post by bugs4me on Jan 3, 2016 21:27:30 GMT
SS went through the same a while ago & if MT manage to grow as SS have, pre-funding, etc will be the option to have then Well maybe but if you pre-fund say at £xxx and only finish up with a £25 allocation then it'll backfire IMO and you'll be in a FS situation. May suit some folks but will also turn many off as it's simply not worth it. MT has a very simple, uncomplicated site which is refreshing considering how some of the others have managed to fix things that were never broken in the first place. The 1% max bid for the 1st 24 hours is borderline and I think that if it dropped to a lesser figure then many of the early investors in MT may look elsewhere. Okay, there's always going to be others to take their place but whether MT can fund higher value loans if/when those early investors walk is a moot point.
|
|
ablender
Member of DD Central
Posts: 2,204
Likes: 555
|
Post by ablender on Jan 3, 2016 21:38:17 GMT
The sensible bid limits that Ed has always applied are a much simpler and equally effective approach. Only if you've got nothing better to do with your time. I'm a fan of using IT to avoid mundane and pointless tasks.I take that to include use of bots.
|
|
ablender
Member of DD Central
Posts: 2,204
Likes: 555
|
Post by ablender on Jan 3, 2016 21:40:03 GMT
SS went through the same a while ago & if MT manage to grow as SS have, pre-funding, etc will be the option to have then Well maybe but if you pre-fund say at £xxx and only finish up with a £25 allocation then it'll backfire IMO and you'll be in a FS situation. May suit some folks but will also turn many off as it's simply not worth it. MT has a very simple, uncomplicated site which is refreshing considering how some of the others have managed to fix things that were never broken in the first place. The 1% max bid for the 1st 24 hours is borderline and I think that if it dropped to a lesser figure then many of the early investors in MT may look elsewhere. Okay, there's always going to be others to take their place but whether MT can fund higher value loans if/when those early investors walk is a moot point. It is the same story that we heard over and over again. If there is not enough for everyone then a few will think that they have the right to take a large chunk of a loan leaving the others with nothing. They see that as preferable to a small chunk for many people. Matter of opinion, I suppose.
|
|
johnfleet
Member of DD Central
Posts: 170
Likes: 85
|
Post by johnfleet on Jan 21, 2016 12:38:57 GMT
Definitely in favour of a pre-funding option, which could still be linked to 24 hour bid limit. For me that would be the best of both worlds. It's a pain having to try and organise life around a 4pm date which (on the basis of this month's evidence) is sprung on one with only 30 hours or so's notice.
Add to that SS's 48 hour credit facility, keep the 12 pa return and that's pretty much perfection for me! (add guaranteed no defaults within an ISA wrapper and definitely nirvana!!!)
JF
|
|
webwiz
Posts: 1,133
Likes: 210
|
Post by webwiz on Jan 21, 2016 18:43:37 GMT
I think Ed likes to be fair to everyone. As long as demand exceeds supply he will never please everybody and the best solution would be more supply. Failing that for fairnesss we need either pre-funding or a max first day bid of loan size/active investors, but this may lead to small allocations. This seems to me to be the least worst option.
|
|
ben
Posts: 2,020
Likes: 589
|
Post by ben on Jan 21, 2016 20:13:39 GMT
I think Ed likes to be fair to everyone. As long as demand exceeds supply he will never please everybody and the best solution would be more supply. Failing that for fairnesss we need either pre-funding or a max first day bid of loan size/active investors, but this may lead to small allocations. This seems to me to be the least worst option. On another post ed stated he would see how next few loans go and if still go quick will reduce the max 1st bid
|
|