alanp
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Post by alanp on Dec 18, 2015 12:42:29 GMT
Is there any way to work out which loans relate to which Borrowers? Not in the sense of identifying them but to help manage my exposure to any one of them. For example MT217 (the Jensen & Jaguar) details say that the cars are still with the Classic Car Hire company, if there were other car loans with a similar comment I would assume it is the same borrower. The various Art Loans set to renew on 23 December all relate to one borrower I assume as the loan numbers are consecutive and the "style" of asset is similar but I can't see anything in the loan details that confirms (or disproves) this. At the moment with a limited number of loans on the system educated guesses suffice but if (hopefully when) loan volumes increase this will become more difficult. If there isn't an easy way at the moment could a "other loans to this borrower" field or some similar indicator be added please MoneyThing? Thanks |
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davex
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Post by davex on Jan 7, 2016 14:38:32 GMT
Perhaps start each number with a 3 digit code, e.g BPF?
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alanp
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Post by alanp on Jan 7, 2016 20:07:54 GMT
If you look at the loans list they do that already for some of then loans to commercial outfits davex, what you can't work out is (for example): Are all the art backed loans to 1 person and the equivalent of a much larger loan with multiple art pieces as security? |
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SteveT
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Post by SteveT on Jan 7, 2016 21:06:07 GMT
If you look at the loans list they do that already for some of then loans to commercial outfits davex, what you can't work out is (for example): Are all the art backed loans to 1 person and the equivalent of a much larger loan with multiple art pieces as security? Yes, they are. Ed made this clear when they were launched.
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Post by MoneyThing on Jan 7, 2016 21:52:37 GMT
If you look at the loans list they do that already for some of then loans to commercial outfits davex , what you can't work out is (for example): Are all the art backed loans to 1 person and the equivalent of a much larger loan with multiple art pieces as security? Evening alanp, For clarity, I have just updated all the art loan particulars to make it clear that they are all with the same borrower. Kind regards, Ed
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Post by lynnanthony on Jan 8, 2016 3:30:34 GMT
Perhaps start each number with a 3 digit code, e.g BPF? When the supercar loans started they initially had a different prefix but this was later changed to MT - a negative move I felt. I do rely on the prefixes as a diversification indicator, and try not to be overweight in any one prefix group. But I have to split out MT (supercar) loans from MT (other) loans and treat them separately.
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ablender
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Post by ablender on Jan 8, 2016 6:50:29 GMT
Perhaps start each number with a 3 digit code, e.g BPF? When the supercar loans started they initially had a different prefix but this was later changed to MT - a negative move I felt. I do rely on the prefixes as a diversification indicator, and try not to be overweight in any one prefix group. But I have to split out MT (supercar) loans from MT (other) loans and treat them separately. If I may suggest, if you keep track of your loans in a spreadsheet, you can add a column with tags for the various categories of loans. In this way you will have full control and will be able to customise it as you wish. As you say, it helps a lot to keep the proper diversification.
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alanp
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Post by alanp on Jan 8, 2016 9:52:57 GMT
If you look at the loans list they do that already for some of then loans to commercial outfits davex , what you can't work out is (for example): Are all the art backed loans to 1 person and the equivalent of a much larger loan with multiple art pieces as security? Yes, they are. Ed made this clear when they were launched. I've only picked them up through the SM so wasn't aware of that but had been working on that assumption - Thanks.
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alanp
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Post by alanp on Jan 8, 2016 9:55:34 GMT
When the supercar loans started they initially had a different prefix but this was later changed to MT - a negative move I felt. I do rely on the prefixes as a diversification indicator, and try not to be overweight in any one prefix group. But I have to split out MT (supercar) loans from MT (other) loans and treat them separately. If I may suggest, if you keep track of your loans in a spreadsheet, you can add a column with tags for the various categories of loans. In this way you will have full control and will be able to customise it as you wish. As you say, it helps a lot to keep the proper diversification. That works for those you are invested in but doesn't help when deciding whether to invest or not, particularly on the SM when you may only have a few seconds to invest before someone else snaps it up. A clear "borrower" tag of some kind as per BPF and the like would make it more obvious.
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paulgul
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Post by paulgul on Jan 8, 2016 10:57:18 GMT
If I may suggest, if you keep track of your loans in a spreadsheet, you can add a column with tags for the various categories of loans. In this way you will have full control and will be able to customise it as you wish. As you say, it helps a lot to keep the proper diversification. That works for those you are invested in but doesn't help when deciding whether to invest or not, particularly on the SM when you may only have a few seconds to invest before someone else snaps it up. A clear "borrower" tag of some kind as per BPF and the like would make it more obvious. Best way would be to buy first, then investigate - if you don't like the loan for whatever reason just re-sell on the SM - it only took around 30 seconds for me to sell a CS loan yesterday so the SM is pretty fluid
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Post by uncletone on Jan 8, 2016 11:31:17 GMT
- it only took around 30 seconds for me to sell a CS loan yesterday so the SM is pretty fluid Blimey - when did it start slowing down?
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pom
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Post by pom on Jan 8, 2016 12:06:38 GMT
Took an hour for a piece of the 10%er to sell for me yesterday - partly as someone else had some ahead of me, but that's still good enough for me
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Post by bracknellboy on Jan 8, 2016 12:23:25 GMT
I put a bit of CSP up for sale this morning and then made deposit. By the time I had logged into my bank, made the transfer, made the deposit notification @mt (about 3 mins max) the sale had gone through.
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Investboy
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Trying to recover from P2P revolution
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Post by Investboy on Jan 8, 2016 12:57:42 GMT
It would be nice if MT had some tag/field in database and on the page that identifies the borrower. Then people can do some spreadsheet magic to sum up the holdings/exposure.
Quite good solution (and I Franticaly Cringe saying that) has FC. On the loan page you see all the other loans of the borrower. I bet Shaung can develop something even better.
For example a separate summary page per borrower when you see list of all their current/past loans, your exposure ect
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Investor
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Post by Investor on Jan 8, 2016 13:12:03 GMT
I bet Shaung can develop something even better. Happy to take the other side of that bet but am looking for somewhere around 1000:1 odds
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