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Post by eascogo on Apr 28, 2017 18:45:55 GMT
For those not able to understand perpetual imminence there is always the secondary ... Someone just ditched 8k there ... It always amazes me how keen people can be to buy just a few days interest ... But perhaps they are hoping for eternal imminence ... Worth investing short-term money in this even for a few days - unlikely to default!
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ganymede
Member of DD Central
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Post by ganymede on Apr 29, 2017 13:19:43 GMT
Gone live at Lendy. Progressing towards repayment.
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fogey
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Post by fogey on Apr 29, 2017 15:14:19 GMT
For those not able to understand perpetual imminence there is always the secondary ... Someone just ditched 8k there ... It always amazes me how keen people can be to buy just a few days interest ... But perhaps they are hoping for eternal imminence ... Worth investing short-term money in this even for a few days - unlikely to default! At the first "Declaration of Imminence"  made on March 27 then it made a lot of sense to buy in (as I did) when you subsequently see parts up for sale, knowing that the Imminence was likely to last some time  with little risk of default But now it makes little sense for me to either sell out or buy more in as the Imminence is starting to look for real ... For an investment of 1k made from March 27 the gain now would be around £10.50, but for the next few days the reward is only 33p a day ... so not too worthwhile for depositing more funds ( should a buying opportunity arise again .. which is looking increasingly unlikely now .. ) But if you have 8k in cash floating around here already in your account and looking for a home then it does make more sense at around £2.63 day especially if it is at the start of a long bank holiday weekend So I guess it all depends how much spare cash you have floating around
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Post by eascogo on Apr 29, 2017 15:24:26 GMT
Worth investing short-term money in this even for a few days - unlikely to default! At the first "Declaration of Imminence" made on March 27 then it made a lot of sense to buy in (as I did) when you subsequently see parts up for sale, knowing that the Imminence was likely to last some time with little risk of default But now it makes little sense for me to either sell out or buy more in as the Imminence is starting to look for real ... For an investment of 1k made from March 27 the gain now would be around £10.50, but for the next few days the reward is only 33p a day ... so not too worthwhile for depositing more funds ( should a buying opportunity arise again .. which is looking increasingly unlikely now .. ) But if you have 8k in cash floating around here already in your account and looking for a home then it does make more sense at around £2.63 day especially if it is at the start of a long bank holiday weekend So I guess it all depends how much spare cash you have floating around Exactly, it becomes worthwhile with a 5-digit figure, especially if it doesn't pay until next Tuesday or later. Then I can decide what to do next with very short-term money.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Apr 29, 2017 15:31:28 GMT
At the first "Declaration of Imminence" made on March 27 then it made a lot of sense to buy in (as I did) when you subsequently see parts up for sale, knowing that the Imminence was likely to last some time with little risk of default But now it makes little sense for me to either sell out or buy more in as the Imminence is starting to look for real ... For an investment of 1k made from March 27 the gain now would be around £10.50, but for the next few days the reward is only 33p a day ... so not too worthwhile for depositing more funds ( should a buying opportunity arise again .. which is looking increasingly unlikely now .. ) But if you have 8k in cash floating around here already in your account and looking for a home then it does make more sense at around £2.63 day especially if it is at the start of a long bank holiday weekend So I guess it all depends how much spare cash you have floating around Exactly, it becomes worthwhile with a 5-digit figure, especially if it doesn't pay until next Tuesday or later. Then I can decide what to do next with very short-term money. Which is why I bunged in a wedge on the 27th ta very much!
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fogey
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Post by fogey on Apr 29, 2017 16:07:45 GMT
Exactly, it becomes worthwhile with a 5-digit figure, especially if it doesn't pay until next Tuesday or later. Then I can decide what to do next with very short-term money. Which is why I bunged in a wedge on the 27th ta very much! Well I guess that opportunity may have arisen due to people offloading Warrington in order to fund another part of Lancashire so an exchange of short term imminence to long term for some .. and for others ... an opportunity for a short term bank holiday excursion lots of money swilling around up there these last few days !
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vmail
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MTAH531
May 1, 2017 8:10:16 GMT
via mobile
Post by vmail on May 1, 2017 8:10:16 GMT
If the minimum investment is £1, then why do I see this?
s***y £0.00 30/04/2017 15:02:45
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Post by MoneyThing on May 1, 2017 8:18:59 GMT
If the minimum investment is £1, then why do I see this? s***y £0.00 30/04/2017 15:02:45 Strange...it is recoded as £10 on the system but is displaying as £0 on the 'Recent Investments' tab. Will investigate. Thanks, Ed.
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robski
Member of DD Central
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Post by robski on May 1, 2017 8:24:00 GMT
Bought then sold
If you look at rat pack you will see the same against that one, I bought it on SM and then realised it wasn't the one I was after so I sold it on, as it displays the holding you own its set mine to zero also
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radar
Member of DD Central
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Post by radar on May 1, 2017 13:19:27 GMT
Bought then sold
If you look at rat pack you will see the same against that one, I bought it on SM and then realised it wasn't the one I was after so I sold it on, as it displays the holding you own its set mine to zero also I bought part loan on 9/4/17 and sold on 27/4/17 and I too have a zero investment, but also 0.53 interest due. I had expected the interest to be paid today 1/5/17, but it was not. As I am new to this platform is this normal
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mikeh
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Post by mikeh on May 1, 2017 13:28:55 GMT
Interest is paid monthly usually on the same day as the loan's end date.
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archie
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Post by archie on May 1, 2017 13:30:26 GMT
Bought then sold
If you look at rat pack you will see the same against that one, I bought it on SM and then realised it wasn't the one I was after so I sold it on, as it displays the holding you own its set mine to zero also I bought part loan on 9/4/17 and sold on 27/4/17 and I too have a zero investment, but also 0.53 interest due. I had expected the interest to be paid today 1/5/17, but it was not. As I am new to this platform is this normal Yes, interest is paid on the day corresponding to the end date (9th in this case) unless the loan fully repays before then. Note : There are a few exceptions to the end date rule.
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radar
Member of DD Central
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Post by radar on May 1, 2017 15:07:33 GMT
Many thanks
I can see that RENEWALS are exceptions, as I have received that interest even though they were bought after MTAH531.
The penny has dropped
Thanks
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Post by markp2p on May 1, 2017 15:51:17 GMT
Many thanks I can see that RENEWALS are exceptions, as I have received that interest even though they were bought after MTAH531. The penny has dropped Thanks It has nothing to do with whether the loans are renewals, or which loan part you bought first. As others have said, loans pay interest on the same day of the month that they are scheduled to end. Example: You bought a loan part on the 9th, and sold it on the 26th. The loan is scheduled to end on the 9th of some month. You will receive interest for the days you held it, paid on the 9th (whether or not it is a renewal). You bought a loan part on the 26th. The loan part is scheduled to end on the 27th of some month. On the day after you bought it (i.e. the 27th), you will receive one day's interest (whether or not it is a renewal).
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archie
Posts: 1,838
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Post by archie on May 1, 2017 17:13:14 GMT
The exception I was thinking of is MTAI577 which pays interest on the 9th although the end date is on 7th.
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made on March 27 then it made a lot of sense to buy in (as I did) when you subsequently see parts up for sale, knowing that the Imminence was likely to last some time 
with little risk of default
