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Post by caveman38 on Mar 21, 2016 16:36:26 GMT
...........to build up an investment of a few thousand across say 20 loans. I ask as what is already obvious to you guys is that getting a portion of the managed funds is impossible. I know they are well subscribed and with a LTV of 50% current holders are only too happy to recommit on expiry date. I was most surprised to see £510 still available on the portfolio renewing today. Now that meant I only had to be one of the first ten to get a bit of this loan. There I stood fingers at the ready F5ing like a maniac. Then the loan appeared and disappeared instantly. When I looked at the lucky investors, I saw that they all managed to claim their bits in 3-7 seconds, ie. 16:00:03. Now that has got to be impossible to navigate from loan page to offer page, then enter the amount and OK it. I know I'm only jealous of you guys who know the tricks and that is why I'd like the advice as to whether I have any chance of building up the number of loans to make my risk comfortably diverse. Needless to say I won't be trying any of the other portfolio renewals and will only invest in what's left.
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littleoldlady
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Post by littleoldlady on Mar 21, 2016 16:47:33 GMT
The list of loans available contains two types; new loans from MT (the Primary Market) and loans which existing holders are selling (the Secondary Market). When MT launch a new loan they put a maximum bid for 24 hours designed to last for about 24 hours. You will eventually be able to build up a portfolio in the PM without any difficulty, but it may take a few months.
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SteveT
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Post by SteveT on Mar 21, 2016 16:51:16 GMT
I don't think it will take you very long at all to build such a portfolio on MT. In recent days there have been as many as 10-15 existing loans available on the SM and, whilst it's quietened down a bit today, the SM will light up again as soon as another large new loan is announced (of which Ed has plenty in the pipeline). A couple of tips: a) If you're keen to buy into a particular existing loan via the SM, there are browser extensions you can set to keep an eye on a specific webpage and ping you the moment the Available figure changes. I use Distill Web Monitor with Chrome, but there are other options. b) The trick with bagging a bit of low-availability renewals is to open the loan page before it goes live, remember that it will go live at precisely 4pm (unlike on other platforms), be ready to click where the blue "Invest Now" button appears and then in the Amount box. Type the figure and hit Enter (faster than clicking). With practice, 4 seconds is easily possible but you may be limited by your internet connection speed. Happy lending  |
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Post by Butch Cassidy on Mar 21, 2016 16:56:30 GMT
Whilst I can understand the frustrations of a new investor to MT trying to get into the earlier/smaller/more popular loans they were initially designed as 12 month offerings & only had a 6 month break clause added at the request of investors who wanted a possible exit from what was then a new & untested platform; This structure has now been superseded by the implementation of the SM so investors who want to sell can do so at anytime, so buyers just need to be lucky to login as & when these parts are listed for sale. The fact that MT has grown & gone from strength to strength is largely due to the excellent work of Ed & the Things & has resulted in few original investors choosing to liquidate their positions, which I rather see as a legacy benefit from investing in a platform that was much less popular/proven at the time they were initially offered.
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pom
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Post by pom on Mar 21, 2016 17:01:43 GMT
...........to build up an investment of a few thousand across say 20 loans. I ask as what is already obvious to you guys is that getting a portion of the managed funds is impossible. I know they are well subscribed and with a LTV of 50% current holders are only too happy to recommit on expiry date. I was most surprised to see £510 still available on the portfolio renewing today. Now that meant I only had to be one of the first ten to get a bit of this loan. There I stood fingers at the ready F5ing like a maniac. Then the loan appeared and disappeared instantly. When I looked at the lucky investors, I saw that they all managed to claim their bits in 3-7 seconds, ie. 16:00:03. Now that has got to be impossible to navigate from loan page to offer page, then enter the amount and OK it. I know I'm only jealous of you guys who know the tricks and that is why I'd like the advice as to whether I have any chance of building up the number of loans to make my risk comfortably diverse. Needless to say I won't be trying any of the other portfolio renewals and will only invest in what's left.
No you're not too late - tho if you're really determined to try and get renewals then you'll have to start by having the loan listing open already (from the pending page) before it goes live rather than wait for it to appear on the live loans page. But given the amounts offered/max bids are generally tiny you might as well just wait for the new ones. Yes it'll take time (months) to build up a diversified portfolio, but none of us managed it in a hurry (not least as the loans used to be generally a lot smaller). You can probably expect to see a growing range on the secondary as some of us choose to fund new loans from old.
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Post by caveman38 on Mar 21, 2016 17:03:23 GMT
Whilst I can understand the frustrations of a new investor to MT trying to get into the earlier/smaller/more popular loans they were initially designed as 12 month offerings & only had a 6 month break clause added at the request of investors who wanted a possible exit from what was then a new & untested platform; This structure has now been superseded by the implementation of the SM so investors who want to sell can do so at anytime, so buyers just need to be lucky to login as & when these parts are listed for sale. The fact that MT has grown & gone from strength to strength is largely due to the excellent work of Ed & the Things & has resulted in few original investors choosing to liquidate their positions, which I rather see as a legacy benefit from investing in a platform that was much less popular/proven at the time they were initially offered. I wholeheartedly agree. I'm obviously just not quick enough and jealous. Off to do some reflex exercises.
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am
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Post by am on Mar 21, 2016 18:03:21 GMT
I reached 20 loans in about 3 months, and I've eschewed the managed portfolios.
Have a look at the pipeline, and you'll have some idea how long it will take to build up a portfolio. (Or perhaps less if there's a big property loan included - there was a lot of stuff on the SM when the last one came out.)
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star dust
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Post by star dust on Mar 21, 2016 18:14:11 GMT
I wholeheartedly agree. I'm obviously just not quick enough and jealous. Off to do some reflex exercises. Looks like you're already doing them to me  . But just to reiterate, the day before and shortly after a new large loan comes up is quite a good time to keep an eye out for bits and bobs on the SM if you have some time to devote to it. I sold a couple of smallish bits of some MPs ahead of the last one in a bit of a rebalancing exercise.
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baldpate
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Post by baldpate on Mar 21, 2016 19:18:42 GMT
I'm doing exactly the same as star dust, and for the same reason - I built up an overweight position in the CS managed portfolios (faith in MoneyThing!), and now the loan flow is more diversified, I regularly sell off bits of my overweight positions to rebalance the portfolio. Now we have an SM, that will probably continue to happen with other partners' loans as well, because I tend to take large (for me) chunks in the early offerings, and rebalance later.
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james
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Post by james on Mar 21, 2016 20:18:23 GMT
...........to build up an investment of a few thousand across say 20 loans. Use new loans, the secondary market is a tough place to buy at the moment and that is not likely to change in the near future. New managed portfolio loans can be particularly useful because they don't have to expire at a set time and leave you with a relending problem. Use multiple platforms as well if you aren't already doing so, platform risk could be very painful if it materialised and you were using only one.
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ben
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Post by ben on Mar 21, 2016 21:06:25 GMT
To diversify takes time the SM is useful and a bonus for diversifying but as with everything it takes time there is no need to rush it
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mv
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Post by mv on Mar 22, 2016 13:22:03 GMT
This is a golden age of MT loans. When I joined the only thing on offer was some old sheds. I bought some. Then a bit more. Then some aeroplane. Then a bit more shed...
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littleoldlady
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Post by littleoldlady on Mar 22, 2016 18:15:20 GMT
This is a golden age of MT loans. When I joined the only thing on offer was some old sheds. I bought some. Then a bit more. Then some aeroplane. Then a bit more shed... So did I. And everything paid out on time with 12% interest. Great platform.
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jonbvn
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Post by jonbvn on Mar 22, 2016 20:20:17 GMT
This is a golden age of MT loans. When I joined the only thing on offer was some old sheds. I bought some. Then a bit more. Then some aeroplane. Then a bit more shed... I'd really like a some more aeroplane after all the cars.
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. But just to reiterate, the day before and shortly after a new large loan comes up is quite a good time to keep an eye out for bits and bobs on the SM if you have some time to devote to it. I sold a couple of smallish bits of some MPs ahead of the last one in a bit of a rebalancing exercise.