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Post by mrclondon on Mar 28, 2016 16:52:38 GMT
Would cashback encourage me to invest more - Bolton yes, AE no (already have more than I really should have in AE loans).
A random thought - a lot of annual bonuses will hit pay packets this week, a well timed cashback promotion might attract some of that.
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stevio
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Post by stevio on Mar 28, 2016 16:55:35 GMT
But another downside is if you look at FS a few of there loans have not moved until the bonus has been offered so a few big hitters have been hanging around waiting for that it all depends on what is coming up, if it is a few smaller loans over the next month or so it probably will not matter but if you have a big loan or two in pipeline then I think a few of the bigger hitters will wait to see what happens with regards to bonus You can't really compare to what FS do. Their "bonus interest" is only paid (at the end) if loans are held to term and so only appeals to those happy to hold a large stake until redemption / renewal. It seems to work for them but doesn't have the same impact that SS see when they add CB. Also it discriminates against the smaller investors; there is no incentive for someone investing £1k to double / triple / quadruple it when the first bonus interest tier is at £10k Agree, FS cash back is structured badly SS do it right, like MT are planning I would increase substantially, sell back over long term
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paulg
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Post by paulg on Mar 28, 2016 16:58:39 GMT
Just a thought - which I'm sure a lot of people would think grossly unfair - but instead of offering 1% on all purchases of these 2 loans why not offer 2% CB on all new purchases only, say from 4:00pm tomorrow? It would probably be more effective and less expensive for MoneyThing, and more lucrative for any investor who more than doubled their present holding.
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SteveT
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Post by SteveT on Mar 28, 2016 17:06:38 GMT
Just a thought - which I'm sure a lot of people would think grossly unfair - but instead of offering 1% on all purchases of these 2 loans why not offer 2% CB on all new purchases only, say from 4:00pm tomorrow? It would probably be more effective and less expensive for MoneyThing , and more lucrative for any investor who more than doubled their present holding. And would be 100% guaranteed to make MT lenders refrain from investing early the next time any large new MT loan launches !!!!
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jonah
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Post by jonah on Mar 28, 2016 17:44:17 GMT
Small additional amounts in Bolton for me. But emphasis on small.
The general glut on loans currently is interesting. I suspect the SS ones will go within a week due to their interest payments. The extensions on AC will slow them being in the same situation. MT I thought was slowly clearing the loans there, but I was concerned about whatever the next big loan on MT was going to be and how easily it was going to move.
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treeman
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Post by treeman on Mar 28, 2016 17:50:04 GMT
CB would have a good chance of persuading me to put more into Bolton for sure, maybe a little on AE; but as others have said I'm probably exposed enough to AE (and cars in general.....)
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paulg
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Post by paulg on Mar 28, 2016 17:50:24 GMT
Just a thought - which I'm sure a lot of people would think grossly unfair - but instead of offering 1% on all purchases of these 2 loans why not offer 2% CB on all new purchases only, say from 4:00pm tomorrow? It would probably be more effective and less expensive for MoneyThing , and more lucrative for any investor who more than doubled their present holding. And would be 100% guaranteed to make MT lenders refrain from investing early the next time any large new MT loan launches !!!! Yes, that's exactly the response I expected!
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ianj
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Post by ianj on Mar 28, 2016 18:31:33 GMT
And would be 100% guaranteed to make MT lenders refrain from investing early the next time any large new MT loan launches !!!! Yes, that's exactly the response I expected! Most posters post in expectation of a sensible response. Good to see you aren't disappointed!
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sildenafil
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Post by sildenafil on Mar 28, 2016 18:33:07 GMT
As a new investor, I've been very impressed by everything so far. So you can count me in - I would be more than happy to invest more in these loans with a cash back offer.
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greenslime
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Post by greenslime on Mar 28, 2016 18:53:03 GMT
As a P2P minnow it would tempt me to stick an extra pittance in both.
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investibod
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Post by investibod on Mar 28, 2016 19:31:01 GMT
If you do decide to offer CB, then it would have to include existing investments. Otherwise you would almost guarantee that people would leave future investments to the last moment in the hope of getting future CB. I would probably add a bit extra to the loans as a result of CB, but would not increase my investments significantly.
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Post by MoneyThing on Mar 28, 2016 20:19:32 GMT
Thank you so much to everyone who took the time to pen their thoughts.
I am almost certain that we will go ahead with the CB offer and will send out an email to all in the morning. Certainly worth a try to see if we can stimulate the successful sell down of these two loans ready for a fresh batch.
I will just see if any further comments come in over night which I will pick up in the morning before pressing the green light.
Hope you all had a good Easter break.
Regards,
Ed
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jonah
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Post by jonah on Mar 28, 2016 20:40:32 GMT
Who wants to start the sweep stake on how quickly these loans now fill?
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SteveT
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Post by SteveT on Mar 28, 2016 20:44:13 GMT
Who wants to start the sweep stake on how quickly these loans now fill? Bolton full by Wednesday 9pm
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Jeepers
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Post by Jeepers on Mar 29, 2016 6:45:13 GMT
I haven't invested anything in Moneything yet as I couldn't see any reason to take my money out of SS. The 1% cashback would certainly entice me to invest in the Moneything loan. If I make a bank transfer this morning would it show in the Moneything account this morning to be able to invest and is there a maximum investment amount to qualify for cashback?
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