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Post by harvey on May 14, 2016 10:30:18 GMT
Read bits on this forum for a few days after Googling things to find out about saving stream to see what other people are feeling about it's Direction. I have to say I find it very disappointing that people tell me that to lie about your requirements and put a 0 on the end is within the rules and that's what we should do. Well let me remind you all that was what the MPs did on duck houses and moats and told us it was all within the rules and what did 99% of the public think about them and their morals.
My view on it is very very clear. I had about £5,000 sitting in my available funds to pay for what I had asked for on these pre funds. I have only got a small fraction of that money invested but other people who didn't have anything it in there available funds or ask for a lot more than they even have the money for or they want, they are given it at my expense even though they didnt want it and maybe can't pay for it. If that's a fair way of doing business I'm a banana a Dutchman and everything else you can think of. I am left in a dilemma do I become a bit bent and put in for what i dont want and start playing these mind games or do I do my dealings with people where I can be straightforward and know where I stand.
I have to say I like a good Western film but when you're dealing with your money you don't expect to be operating in the wild west do you.
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853 
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Post by cooling_dude on May 14, 2016 10:31:04 GMT
That's not a popular opinion  Most investors like to diversify when a new loan goes live, so they resolve the negative balance by selling other (older & riskier) loans on to the SM. I completely agree, however, diversification can be achieved in other way; particularly when the SM becomes more fluid due to the increased number of loans. That theory is fine when SM is static, but when it's liquid eradicating INPL would be detrimental for diversifying; you would have to guess what allocation you were going to get, sell on the SM and then if your allocation is less than you thought, then you're left with a credit and finding impossible to re-invest it because the SM is liquid. Back to your original post about over bidding on the pre-market; I also agree that something needs to be done. Personally, I'm of the opinion that we should be forced to keep pre-fund investments for an amount of time (3 days sounds fair), which I know won't eradicate investors gaming the pre-funding, but decrease the activity enough that it doesn't take the mick. BTW, I game, and I know most on this forum do; my above opinion is based on those you just max out their pre-funding with the knowledge they can just dump the difference on the SM.
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
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Post by cooling_dude on May 14, 2016 10:38:17 GMT
Read bits on this forum for a few days after Googling things to find out about saving stream to see what other people are feeling about it's Direction. I have to say I find it very disappointing that people tell me that to lie about your requirements and put a 0 on the end is within the rules and that's what we should do. Well let me remind you all that was what the MPs did on duck houses and moats and told us it was all within the rules and what did 99% of the public think about them and their morals. My view on it is very very clear. I had about £5,000 sitting in my available funds to pay for what I had asked for on these pre funds. I have only got a small fraction of that money invested but other people who didn't have anything in there available funds or ask for a lot more than they even have the money for it seems to have been given it at my expense even though they can't pay for it. If that's a fair way of doing business I'm a banana a Dutchman and everything else you can think of. I am left in a dilemma do I become a bit bent and put in for snubbers and start playing mind games or do I do my dealings with people where I can be straightforward and know where I stand. I have to say I like a good Western film but when you're dealing with your money you don't expect to be operating in the wild west do you. It's not what you should do, it's what you can do. There are some who do take the mick and max out their pre-funding (see my above post), but a bit of gaming via a bit of knowledge picked up on these forums isn't going to do anybody any harm, because most are only trying to get what they want. If you don't like this system (and you obviously don't) then try elsewhere; there are plenty of other platforms that don't incorporate INPL (all of the actually). I have, and I find that the inability to INPL to be a massive PITA, and effects my ability to diversify, so have stuck around  .
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Post by earthbound on May 14, 2016 10:39:20 GMT
I have to say I like a good Western film but when you're dealing with your money you don't expect to be operating in the wild west do you. Me too... "For a few $$$$$$ more" is my fave ..  Sort of chimes well...
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locutus
Member of DD Central
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Post by locutus on May 14, 2016 10:42:35 GMT
Read bits on this forum for a few days after Googling things to find out about saving stream to see what other people are feeling about it's Direction. I have to say I find it very disappointing that people tell me that to lie about your requirements and put a 0 on the end is within the rules and that's what we should do. Well let me remind you all that was what the MPs did on duck houses and moats and told us it was all within the rules and what did 99% of the public think about them and their morals. My view on it is very very clear. I had about £5,000 sitting in my available funds to pay for what I had asked for on these pre funds. I have only got a small fraction of that money invested but other people who didn't have anything it in there available funds or ask for a lot more than they even have the money for or they want, they are given it at my expense even though they didnt want it and maybe can't pay for it. If that's a fair way of doing business I'm a banana a Dutchman and everything else you can think of. I am left in a dilemma do I become a bit bent and put in for what i dont want and start playing these mind games or do I do my dealings with people where I can be straightforward and know where I stand. I have to say I like a good Western film but when you're dealing with your money you don't expect to be operating in the wild west do you. Comparing forum members to MPs claiming for fraudulent expenses is sure to win you lots of friends round here. As analogies go, it is one of the more amusing and retarded logical fallacies I have read recently. You're obviously a moral person but I'm not sure your moralistic reasoning has any relevance whatsoever on this thread. I suggest you read round a bit more to see how things work before casting further aspersions on people who you don't even know.
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Post by solicitorious on May 14, 2016 11:00:06 GMT
If you don't like this system (and you obviously don't) then try elsewhere. Listen, you might be a legend in your own lunchtime, but you are not savingstream, OK? Things can and do change. Everyone is entitled to their opinion and the freedom to express it. I wish the Mods would crack down on such arrogance and discourtesy to other posters.
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duck
Member of DD Central
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Post by duck on May 14, 2016 11:15:14 GMT
Comparing forum members to MPs claiming for fraudulent expenses is sure to win you lots of friends round here. ... I missed out somewhere, no MP has ever offered to buy me a house! (and I would be very worried if they did!) As for gaming the system, whilst I know how and why I tend to play by the unwritten rules and only bid to the top level of what I would be happy to hold and never more than I have ready cash to pay off any debts incurred without resorting to selling. There again I do have 3 accounts ....... So the point I am making is that people will always game a system, close one door and somebody will find another one. At least with overbidding it is obvious and open to all as opposed to bots and similar that remain the province of the few.
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bg
Member of DD Central
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Post by bg on May 14, 2016 12:25:59 GMT
My view on it is very very clear. I had about £5,000 sitting in my available funds to pay for what I had asked for on these pre funds. I have only got a small fraction of that money invested but other people who didn't have anything it in there available funds or ask for a lot more than they even have the money for or they want, they are given it at my expense even though they didnt want it and maybe can't pay for it. If that's a fair way of doing business I'm a banana a Dutchman and everything else you can think of. I am left in a dilemma do I become a bit bent and put in for what i dont want and start playing these mind games or do I do my dealings with people where I can be straightforward and know where I stand. I have to say I like a good Western film but when you're dealing with your money you don't expect to be operating in the wild west do you. The whole point of prefunding is you don't need to put the cash into the platform until you know what you were allocated. In the pre-prerefunding days people used to moan about having money sitting there for days on end waiting for a loan to drawdown and then potentially missing out in the bun fight because they were having a pee at 1.27pm when the loan drewdown. The new system has its flaws but is in general fairer for the majority of people. I put in a prefund target of £60k when I wanted about £10k (I got £7k). I don't think I am a liar or bent, I'm not playing mind games. If I got allocated the £60k I would fund it. The problem is demand massively outstrips supply....when that situation arises some people will always be disappointed.
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Post by earthbound on May 14, 2016 12:44:04 GMT
If you don't like this system (and you obviously don't) then try elsewhere Everyone is entitled to their opinion and the freedom to express it. This is about the most important thing I've read on hear for a while.
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Post by GSV3MIaC on May 14, 2016 12:48:59 GMT
Yep, the only decision to be made is whether to disappoint the thousand who wanted £500 or less (and got a small fraction), or to disappoint the couple who wanted £200k-ish, or to disappoint everyone equally, or what. I still favour the mix and match approach where the first £x00k of the loan, or the first 25% maybe (pick) gets shared out 'bottom up' and any more goes for % allocation, as now. None of those are going to help someone who actually wants £10k and asks for what they want.
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dovap
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Post by dovap on May 14, 2016 13:04:18 GMT
could probably look at upping the loan size that gets filled 'bottom up' if demenad remains high suppose.
Misguessed gaming level required for these but hey ho there's still a chunk on MT for the impatient.
They'll turn up on the SM at some point for top ups no doubt
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ped
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Post by ped on May 14, 2016 13:08:38 GMT
Feast and Famine, happy to wait and invest when you can. Not sure it's a love affair but still enjoying the pay day that is the 1st of the month.
12.12% CD? My prefund was £200 and I got £117 on Pbl96
man maths 58.5%
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Liz
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Post by Liz on May 14, 2016 13:13:58 GMT
Feast and Famine, happy to wait and invest when you can. Not sure it's a love affair but still enjoying the pay day that is the 1st of the month. 12.12% CD? My prefund was £200 and I got £117 on Pbl96 man maths 58.5% 12.12% for me too.
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
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Post by cooling_dude on May 14, 2016 13:14:15 GMT
Feast and Famine, happy to wait and invest when you can. Not sure it's a love affair but still enjoying the pay day that is the 1st of the month. 12.12% CD? My prefund was £200 and I got £117 on Pbl96 man maths 58.5% Odd... I pre-funded £5000.00 and got £606.00, so by my reckoning, that's 12.12%. You sure you pre-funded £200? Edit : I also got 12.12% from my pre-fund on my business account. I can't find any combination of the pre-fund amounts, that would give you £117 @ 12.12%...
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mickj
Member of DD Central
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Post by mickj on May 14, 2016 13:40:03 GMT
Feast and Famine, happy to wait and invest when you can. Not sure it's a love affair but still enjoying the pay day that is the 1st of the month. 12.12% CD? My prefund was £200 and I got £117 on Pbl96 man maths 58.5% Odd... I pre-funded £5000.00 and got £606.00, so by my reckoning, that's 12.12%. You sure you pre-funded £200? Edit : I also got 12.12% from my pre-fund on my business account. I can't find any combination of the pre-fund amounts, that would give you £117 @ 12.12%... £61 on £500 prefunding that I'd upped from £200 yesterday after email.
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.
Sort of chimes well... 
