stevio
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Post by stevio on Jul 23, 2016 17:15:17 GMT
I am not very well diversified on Ablrate and I was wondering if anyone else was in a similar position and wanted to 'trade' some loans to help become more diversified?
By this I mean mutually agree an amount we would like to exchange and of which loans, then offer them both up for sale at 100% simultaneously at a mutually agreed time
Yes there is a SM, but it's difficult to sell at an acceptable price and also find an immediate purchase worthwhile simultaneously
I would suggest listing a) what loans you want to trade b) what loans you would except for them, then PM the person if you have a match. Obviously the more options you give available, the more likely you will find a match
This is all based on trust, but I think were a fairly reliable group. I would suggest a small amount to start with if your concerned and then build up to a comfortable level
I can't see how this will work if the loans offered are already below 100%, but maybe worth listing as the SM is always changing
It maybe that no one is interested and this is a waste of time, but nothing ventured nothing gained
(PLEASE REMEMBER (as I forgot!) NOT TO NAME LENDERS IN YOUR POSTS)
I have the following I would like to trade:
Ecoparc
532
Portacabin Finance
I would be happy to trade for any 11%+ loan
I also have smaller amounts in most of the other loans and would consider a reasonable suggestion of a trade on a case by case basis, provided I have capacity
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Post by ablrateandy on Jul 24, 2016 21:47:52 GMT
Ablrate hat very much off here.... You may not want to trade with me  . But I'm always happy to move stuff around to help clients or shift my exposure. Obviously I can only do this if I don't have insider knowledge. I'm always a buyer of Portakabins. Seller of SME loans and 532. |
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Post by ablrateandy on Jul 24, 2016 21:48:38 GMT
That's not a reflection on those credits.... Just a re-balancing of where I am exposed!
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Post by ablrateandy on Jul 24, 2016 22:28:08 GMT
I try my best NOT to identify users on here so would rather try to find a way to do this independently. Funnily enough I have previously designed a way to do this that the developers couldn't cope with so let me ponder some sort of weekly clearing system |
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registerme
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Post by registerme on Jul 25, 2016 0:03:48 GMT
A system that does not involve the P2P Independent Forum please. There's nothing we can do to stop people PMing each other and arranging things, but the forum is not to become "baked into" any secondary market solution or process for any platform (all sorts of complicated legal and regulatory implications that we want to avoid).
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Post by ablrateandy on Jul 25, 2016 7:32:51 GMT
Roger that!
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blender
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Post by blender on Jul 25, 2016 7:46:38 GMT
Ablrate hat very much off here.... You may not want to trade with me . But I'm always happy to move stuff around to help clients or shift my exposure. Obviously I can only do this if I don't have insider knowledge. I'm always a buyer of Portakabins. Seller of SME loans and 532. Rather uncomfortable with this in principle. Firstly you cannot take your Ablrate hat off and be just another lender. Everything you do here is Ablrate - you cannot cast off your knowledge and position and be 'one of us'. The principle of Caesar's wife must apply - Ablerate presumably being Caesar. And making buy/sell comments (public or, worse, private) about particular loans - on whatever basis - way out of order. What does being always a seller of 532 mean when it is paused and due to repay in four days?
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Monetus
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Post by Monetus on Jul 25, 2016 9:00:19 GMT
Ablrate hat very much off here.... You may not want to trade with me . But I'm always happy to move stuff around to help clients or shift my exposure. Obviously I can only do this if I don't have insider knowledge. I'm always a buyer of Portakabins. Seller of SME loans and 532. Rather uncomfortable with this in principle. Firstly you cannot take your Ablrate hat off and be just another lender. Everything you do here is Ablrate - you cannot cast off your knowledge and position and be 'one of us'. The principle of Caesar's wife must apply - Ablerate presumably being Caesar. And making buy/sell comments (public or, worse, private) about particular loans - on whatever basis - way out of order. What does being always a seller of 532 mean when it is paused and due to repay in four days? Yes ablrateandy - would also like an explanation on why you're always a seller of 532 - a loan that has already renewed once, is paused on the secondary market, and is due to repay in four days. Especially as our messages asking for an update in the 532 thread have gone unanswered by yourself and ablrate. Could you let us know what's going on with it please?
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ptr120
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Post by ptr120 on Jul 25, 2016 9:53:47 GMT
I'd also like to know about 532. The email newsletter last week implied that investors in that loan would get an email update by the end of the week. That didn't happen...
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oldgrumpy
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Post by oldgrumpy on Jul 25, 2016 10:01:50 GMT
Ennybody wanna buy my 532 at 105%?  |
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Balder
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Post by Balder on Jul 25, 2016 10:12:45 GMT
Ennybody wanna buy my 532 at 105%? Only if you buy my stake at 106% 1st
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Post by ablrateandy on Jul 25, 2016 10:25:39 GMT
As I said... I'd not want to cross over my hats so it needs some work to find a good way to do it! My comment here is that as a lender I can see why people would like it.
On any loan I tend to (personally) prefer longer ones to invest in as I have a general view that (non-property) loan yields will fall over the next few years so I'd rather lock in the higher yields today. for me, a shorter loan tends to be a holding position whilst awaiting something else.
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Post by ablrateandy on Jul 25, 2016 10:30:32 GMT
Ablrate hat very much off here.... You may not want to trade with me . But I'm always happy to move stuff around to help clients or shift my exposure. Obviously I can only do this if I don't have insider knowledge. I'm always a buyer of Portakabins. Seller of SME loans and 532. Rather uncomfortable with this in principle. Firstly you cannot take your Ablrate hat off and be just another lender. Everything you do here is Ablrate - you cannot cast off your knowledge and position and be 'one of us'. The principle of Caesar's wife must apply - Ablerate presumably being Caesar. And making buy/sell comments (public or, worse, private) about particular loans - on whatever basis - way out of order. What does being always a seller of 532 mean when it is paused and due to repay in four days? Sorry -yes. I re-read this now and it came across very badly but unintentionally so. I'll leave my comment up rather than editing as it shows the context of my error and point people to my comment above about my personal preferences. I do apologise.
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johnfleet
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Post by johnfleet on Jul 25, 2016 12:20:49 GMT
I agree re 532 - can we please have confirmation that it will repay on time this Friday?
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. But I'm always happy to move stuff around to help clients or shift my exposure. Obviously I can only do this if I don't have insider knowledge. 
