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Post by MoneyThing on Jan 22, 2016 10:54:27 GMT
We could avoid all these maneuvers with pre-funding as in SS .... It is something that is certainly doable...however there are clearly pros & cons from an investor perspective (e.g. whilst it would remove the timing issue, in the absence of high deal flow it will likely end up with a number of investors getting less than they hoped). I am personally leaning towards not having a pre-funding model... but can be persuaded if there is appetite (at least in terms of our current size/deal flow). I do however think it would be useful if/when we reach near 100% BTL ratio (Borrower to Lender ... which I just made up), as it would resolve the timing issue AND investors getting 100% of their pre-funded amount). Perhaps worth discussing/monitoring for while longer for the time being. Regards, Ed
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webwiz
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Post by webwiz on Jan 22, 2016 11:43:39 GMT
We could avoid all these maneuvers with pre-funding as in SS .... It is something that is certainly doable...however there are clearly pros & cons from an investor perspective (e.g. whilst it would remove the timing issue, in the absence of high deal flow it will likely end up with a number of investors getting less than they hoped). I am personally leaning towards not having a pre-funding model... but can be persuaded if there is appetite (at least in terms of our current size/deal flow). I do however think it would be useful if/when we reach near 100% BTL ratio (Borrower to Lender ... which I just made up), as it would resolve the timing issue AND investors getting 100% of their pre-funded amount). Perhaps worth discussing/monitoring for while longer for the time being. Regards, Ed I suggest that for larger loans you have pre-funding, filled bottom up, as per SS. For smaller loans where experience suggests that it will be over subscribed you decide on a standard amount (e.g. £250, £500, £1000?) which is the only pre-fund amount allowable for that loan and then the successful bids are drawn at random. But Shuang might feel that's too complicated to code.
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Post by MoneyThing on Jan 22, 2016 11:56:40 GMT
It is something that is certainly doable...however there are clearly pros & cons from an investor perspective (e.g. whilst it would remove the timing issue, in the absence of high deal flow it will likely end up with a number of investors getting less than they hoped). I am personally leaning towards not having a pre-funding model... but can be persuaded if there is appetite (at least in terms of our current size/deal flow). I do however think it would be useful if/when we reach near 100% BTL ratio (Borrower to Lender ... which I just made up), as it would resolve the timing issue AND investors getting 100% of their pre-funded amount). Perhaps worth discussing/monitoring for while longer for the time being. Regards, Ed I suggest that for larger loans you have pre-funding, filled bottom up, as per SS. For smaller loans where experience suggests that it will be over subscribed you decide on a standard amount (e.g. £250, £500, £1000?) which is the only pre-fund amount allowable for that loan and then the successful bids are drawn at random. But Shuang might feel that's too complicated to code. "But Shuang might feel that's too complicated to code." Good tactic...this is a sure fire way to get Shuang on the case!
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webwiz
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Post by webwiz on Jan 22, 2016 12:03:51 GMT
But Shuang might feel that's too complicated to code. "But Shuang might feel that's too complicated to code." Good tactic...this is a sure fire way to get Shuang on the case! Am I read so easily?
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SteveT
Member of DD Central
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Post by SteveT on Jan 22, 2016 12:07:42 GMT
I suggest that for larger loans you have pre-funding, filled bottom up, as per SS. For smaller loans where experience suggests that it will be over subscribed you decide on a standard amount (e.g. £250, £500, £1000?) which is the only pre-fund amount allowable for that loan and then the successful bids are drawn at random. I certainly don't support this approach and strongly prefer that MT continues to operate as now. If we reach a future point where MT lender numbers rise so much that bid limits have to reduce to very small figures for auctions to last any time then maybe it could be looked at, but already MT does an excellent job here by creating managed portfolios (rather than listing lots of small auctions). Be careful what you wish for, else we'll have a wall of new "fire and forget" lenders looking to invest their money with zero effort, something that SS is certainly struggling to cope with.
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Monetus
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Post by Monetus on Jan 22, 2016 12:30:30 GMT
I certainly don't support this approach and strongly prefer that MT continues to operate as now. If we reach a future point where MT lender numbers rise so much that bid limits have to reduce to very small figures for auctions to last any time then maybe it could be looked at, but already MT does an excellent job here by creating managed portfolios (rather than listing lots of small auctions). Be careful what you wish for, else we'll have a wall of new "fire and forget" lenders looking to invest their money with zero effort, something that SS is certainly struggling to cope with. Totally agree. SS has approximately 10 times the number of active investors as MT. There's no need to try and impose the SS business model on MT when it's not required. Even with the recent changes to SS I still find MT the better and more efficient platform on which to operate. Steve is right on MT you get time to think before you decide to invest. On SS there's way too much blind pre-funding just in the hope of getting "something". Totally agree. I like the current system as it is for now.
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webwiz
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Post by webwiz on Jan 22, 2016 12:32:19 GMT
I certainly don't support this approach and strongly prefer that MT continues to operate as now. If we reach a future point where MT lender numbers rise so much that bid limits have to reduce to very small figures for auctions to last any time then maybe it could be looked at, but already MT does an excellent job here by creating managed portfolios (rather than listing lots of small auctions). Be careful what you wish for, else we'll have a wall of new "fire and forget" lenders looking to invest their money with zero effort, something that SS is certainly struggling to cope with. Totally agree. SS has approximately 10 times the number of active investors as MT. There's no need to try and impose the SS business model on MT when it's not required. Even with the recent changes to SS I still find MT the better and more efficient platform on which to operate. Steve is right on MT you get time to think before you decide to invest. On SS there's way too much blind pre-funding just in the hope of getting "something". Obviously you people who are getting in first will want to continue that way, but what about the workers?
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jonno
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nil satis nisi optimum
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Post by jonno on Jan 22, 2016 12:38:19 GMT
Totally agree. SS has approximately 10 times the number of active investors as MT. There's no need to try and impose the SS business model on MT when it's not required. Even with the recent changes to SS I still find MT the better and more efficient platform on which to operate. Steve is right on MT you get time to think before you decide to invest. On SS there's way too much blind pre-funding just in the hope of getting "something". Obviously you people who are getting in first will want to continue that way, but what about the workers? You're not Jeremy Corbin in lurking mode are you? webwiz; only joking,honestly!
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jan 22, 2016 12:45:26 GMT
Totally agree. SS has approximately 10 times the number of active investors as MT. There's no need to try and impose the SS business model on MT when it's not required. Even with the recent changes to SS I still find MT the better and more efficient platform on which to operate. Steve is right on MT you get time to think before you decide to invest. On SS there's way too much blind pre-funding just in the hope of getting "something". Obviously you people who are getting in first will want to continue that way, but what about the workers? Just infiltrated them for a couple of months. Didnt miss a single a single MT loan but then Im a sneaky b*d. What about the people with lives? Try bidding on a loan in the middle of Star Wars on dodgy 3G! (Good definition of obsession)
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pom
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Post by pom on Jan 22, 2016 13:31:53 GMT
Obviously you people who are getting in first will want to continue that way, but what about the workers? Just infiltrated them for a couple of months. Didnt miss a single a single MT loan but then Im a sneaky b*d. What about the people with lives? Try bidding on a loan in the middle of Star Wars on dodgy 3G! (Good definition of obsession) You went to see Star Wars KNOWING there was a loan going live ?!?!??!?!?!
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mike
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Post by mike on Jan 22, 2016 13:34:09 GMT
The current set-up of MT works well. Loans are funded quickly and there seems to be a high level of customer satisfaction overall. Features like pre-funding and buy now pay later will lead to increasing demand, so unless there is an equivalent increase in supply then I don't see the rationale.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jan 22, 2016 14:06:03 GMT
Just infiltrated them for a couple of months. Didnt miss a single a single MT loan but then Im a sneaky b*d. What about the people with lives? Try bidding on a loan in the middle of Star Wars on dodgy 3G! (Good definition of obsession) You went to see Star Wars KNOWING there was a loan going live ?!?!??!?!?! 3rd viewing! There are limits to even my obsession
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jan 22, 2016 14:48:28 GMT
and then the successful bids are drawn at random. Hang on! Pig pass me the crystal ball. Yes, the mists are clearing, I can see it now MT board 6 months on 'Are MT random allocations rigged?' rant, rant, never get anything, rant, rant M*****3 always seems to be lucky, @solarflare discrimination against anyone who isnt Irish, owns rabbits or doesnt live near heather or clover You have been warned
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Post by vithca on Jan 22, 2016 16:04:34 GMT
Going back to the original topic - yes big mistake to have 4 loans at one time. Website was unusable.
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investibod
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Post by investibod on Jan 22, 2016 16:07:52 GMT
Going back to the original topic - yes big mistake to have 4 loans at one time. Website was unusable. Website fine form me. A couple of seconds delay at exactly 16:00, then back to being normally responsive. Managed to get a small bit of all 4.
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