cooling_dude
Bye Bye's for the PPI
Posts: 2,853 
Likes: 4,298
|
Post by cooling_dude on Feb 27, 2016 20:31:04 GMT
Newbie to Saving Stream here althought not new to P2P in general. A really basic question for you,terminology.I see some loans are DFL and others PBL.I'm guessing PBL stands for Personal or Property Bridging Loan,is that correct ? What is DFL ? DFL = Development Finance Loan See Here
|
|
|
|
Post by ragamuffin on Feb 28, 2016 8:15:42 GMT
This question may have been answered before, but taking peoples invite to ask away... How safe is Savings Stream - not individual loans but the platform as a whole?? I am asked this a lot, including by my wife, and my slightly uneducated answer is - its the individual loans you should be concerned about, as SS is more of a holding company, so even if they collapse the loans remain and will be wound up without catastrophic losses.... Is this a fair summary?  I would like to be more educated! |
|
adrianc
Member of DD Central
Posts: 9,011
Likes: 4,822
|
Post by adrianc on Feb 28, 2016 9:07:25 GMT
This question may have been answered before, but taking peoples invite to ask away... How safe is Savings Stream - not individual loans but the platform as a whole?? I am asked this a lot, including by my wife, and my slightly uneducated answer is - its the individual loans you should be concerned about, as SS is more of a holding company, so even if they collapse the loans remain and will be wound up without catastrophic losses.... Is this a fair summary? I would like to be more educated! There's a difference between the old-terms and new-terms loans. With the old terms, you're lending to Lendy Ltd, who lend to the borrower. With the new terms, you're lending direct to the borrower.
|
|
greeb
Member of DD Central
Posts: 56
Likes: 55
|
Post by greeb on Feb 29, 2016 20:29:05 GMT
Hi newcomer to P2P. I have 15K to invest which is a single figure % of my investable funds so have loss capacity and risk appetite for this. Have spent some time looking through the forum and SM seems too much hassle. What makes sense as a PF amount to get fully invested within a reasonable timeframe - I was thinking a couple of months - is that realistic ? How many loans is the consensus view for satisfactory diversification ? I am prepared to look at this for a few minutes every day as I track my other investments but not hours and hours. I know I probably need to dive in and start swimming but this seems like the right thread for someone to guide me as to what to expect. Thanks for your patience and forbearance.
|
|
cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
|
Post by cooling_dude on Feb 29, 2016 20:31:22 GMT
Hi newcomer to P2P. I have 15K to invest which is a single figure % of my investable funds so have loss capacity and risk appetite for this. Have spent some time looking through the forum and SM seems too much hassle. What makes sense as a PF amount to get fully invested within a reasonable timeframe - I was thinking a couple of months - is that realistic ? How many loans is the consensus view for satisfactory diversification ? I am prepared to look at this for a few minutes every day as I track my other investments but not hours and hours. I know I probably need to dive in and start swimming but this seems like the right thread for someone to guide me as to what to expect. Thanks for your patience and forbearance. With the current list of pre-funding loans, you should find it relatively easy to invest your 15K within a couple of months. However, you will have all your money invested in few loans, so as soon as you have invested your sum you will want to look at diversifying. Don't discount the SM entirely. There are times where you can get a hand in. It should be fairly easy to gain something on the day a pre-fund loan goes live, and if you're a night owl, you'll grab some just after midnight. Also; make sure you do due diligence on the loans that you invest in. Over time get rid of the ones you dislike, and diversify in the loans that you do like.
|
|
mikes1531
Member of DD Central
Posts: 6,452
Likes: 2,320
|
Post by mikes1531 on Feb 29, 2016 20:42:22 GMT
Over time get rid of the ones you dislike, and diversify in the safer loans that you do like. : FTFY? 
|
|
cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
|
Post by cooling_dude on Feb 29, 2016 20:45:24 GMT
Over time get rid of the ones you dislike, and diversify in the safer loans that you do like. : FTFY? Thanks Dad 
|
|
greeb
Member of DD Central
Posts: 56
Likes: 55
|
Post by greeb on Feb 29, 2016 20:47:12 GMT
Hi newcomer to P2P. I have 15K to invest which is a single figure % of my investable funds so have loss capacity and risk appetite for this. Have spent some time looking through the forum and SM seems too much hassle. What makes sense as a PF amount to get fully invested within a reasonable timeframe - I was thinking a couple of months - is that realistic ? How many loans is the consensus view for satisfactory diversification ? I am prepared to look at this for a few minutes every day as I track my other investments but not hours and hours. I know I probably need to dive in and start swimming but this seems like the right thread for someone to guide me as to what to expect. Thanks for your patience and forbearance. With the current list of pre-funding loans, you should find it relatively easy to invest your 15K within a couple of months. However you will have all your money invested in few loans, so as soon as you have invested your sum you will want to look at diversifying. Don't discount the SM entirely. There are times where you can get a hand in. It should be fairly easy to gain something on the day a pre-fund loan goes live, and if you're a night owl, you'll grab some just after midnight. Also; make sure you do due diligence on the loans that you invest in. Over time get rid of the ones you dislike, and diversify in the safer loans. Thank you. Good point about selling on SM to achieve diversification. So would it make sense to pick out 10 loans and aim to put 1500 in each as a starting point? If I bid 2000 on each desired loan with say £3M total value what might I reasonably expect to be allocated ?
|
|
cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
|
Post by cooling_dude on Feb 29, 2016 20:57:17 GMT
With the current list of pre-funding loans, you should find it relatively easy to invest your 15K within a couple of months. However you will have all your money invested in few loans, so as soon as you have invested your sum you will want to look at diversifying. Don't discount the SM entirely. There are times where you can get a hand in. It should be fairly easy to gain something on the day a pre-fund loan goes live, and if you're a night owl, you'll grab some just after midnight. Also; make sure you do due diligence on the loans that you invest in. Over time get rid of the ones you dislike, and diversify in the safer loans. Thank you. Good point about selling on SM to achieve diversification. So would it make sense to pick out 10 loans and aim to put 1500 in each as a starting point? If I bid 2000 on each desired loan with say £3M total value what might I reasonably expect to be allocated ? Generally, pre-fund loans don't come in lumps, and you will get an e-mail to advise you a pre-fund loan is going live. So you might just want to go with investing (or aiming to invest) £15,000 in the very next pre-fund loan, then £7,500 in the pre-fund loan after that (selling the equivalent in the previous pre-fund loan on the SM) and so on. In between the pre-fund loans, try your hand buying within the SM to diversify further.
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,870
Likes: 11,097
|
Post by ilmoro on Feb 29, 2016 21:15:50 GMT
With the current list of pre-funding loans, you should find it relatively easy to invest your 15K within a couple of months. However you will have all your money invested in few loans, so as soon as you have invested your sum you will want to look at diversifying. Don't discount the SM entirely. There are times where you can get a hand in. It should be fairly easy to gain something on the day a pre-fund loan goes live, and if you're a night owl, you'll grab some just after midnight. Also; make sure you do due diligence on the loans that you invest in. Over time get rid of the ones you dislike, and diversify in the safer loans. Thank you. Good point about selling on SM to achieve diversification. So would it make sense to pick out 10 loans and aim to put 1500 in each as a starting point? If I bid 2000 on each desired loan with say £3M total value what might I reasonably expect to be allocated ? If you look here p2pindependentforum.com/post/60487/thread there is a list of approximate allocations achieved through Prefunding. As you can see 40% of your bid is roughly what you can expect from a £3m loan. Remember that if a loan is below £1m it is funded bottom up so low bids are funded in full, for loans above £1m everyone gets a percentage of their request proportional to the overfunding. Unfortunately, due to people gaming the system and over bidding allocations are unpredictable
|
|
jcb208
Member of DD Central
Posts: 820
Likes: 606
|
Post by jcb208 on Feb 29, 2016 21:17:07 GMT
Prob know the answer but will ask.If I invest say 5k in a loan then sell 2 days later before settling the balance will I loose the 2 days interest I quess I will
|
|
cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
|
Post by cooling_dude on Feb 29, 2016 21:20:05 GMT
Prob know the answer but will ask.If I invest say 5k in a loan then sell 2 days later before settling the balance will I loose the 2 days interest I quess I will I don't think you do...... I mean you should loose the interest IMHO, but I believe that the interest occurred will stay in your account. However, I wouldn't imagine that SS would look to kindly in that scenario occurring, or if you do it too often.
|
|
cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
|
Post by cooling_dude on Feb 29, 2016 22:21:50 GMT
I don't think you do...... I mean you should loose the interest IMHO, but I believe that the interest occurred will stay in your account. However, I wouldn't imagine that SS would look to kindly in that scenario occurring, or if you do it too often. Hi guys So tommorrow is interest day, and Im quite exsited  . Do you think itll be impossible to invest in the SM to reinvest the interest (dont realy want to wait around at the PC all day)? Do you think I should wait untill anouther prefund day? You still only got that £100 invested since the 23rd? You're not going to have much interest little man! As such it should be fairly easy to invest it in the SM !
|
|
adrianc
Member of DD Central
Posts: 9,011
Likes: 4,822
|
Post by adrianc on Feb 29, 2016 22:23:14 GMT
Honestly, Shane, you're over-thinking it.
Bang as much as it'll let you onto on the pre-funds. Risk is virtually zero for the majority of the life of a loan, especially in the early days. If you see something on the SM, buy it. Get the money in there...
Then, once you've got the full money in, diversify as you go - buy a newer, preferable loan - sell one of the usual suspects or the PF that you're heavy on. Before long, you'll have your £15k spread across 15 or 20 loans. This morning had rich pickings.
|
|
cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
|
Post by cooling_dude on Feb 29, 2016 22:29:21 GMT
You still only got that £100 invested since the 23rd? You're not going to have much interest little man! As such it should be fairly easy to invest it in the SM ! £1.64! Still exsited , and still getting used to things. What if I invest it now on the SM; would that it be ok, or does the interest need to be paid first? £1.64 richer than you were on the 23rd . Imagine what that £75,000 will do! Seriously, though; you're doing the right thing testing the platform with your £100. It's quite OK to invest in the SM now in anticipation of the interest you will get tomorrow!
|
|
. Do you think itll be impossible to invest in the SM to reinvest the interest (dont realy want to wait around at the PC all day)? Do you think I should wait untill anouther prefund day?