pom
Member of DD Central
Posts: 1,922
Likes: 1,244
|
Post by pom on Oct 19, 2016 18:20:50 GMT
Time for a choccie bar to guess the medians ?
|
|
|
Post by MoneyThing on Oct 19, 2016 18:24:43 GMT
Time for a choccie bar to guess the medians ? Good idea - age or investment?
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,870
Likes: 11,097
|
Post by ilmoro on Oct 19, 2016 18:43:07 GMT
Time for a choccie bar to guess the medians ? Good idea - age or investment? Deafing chorus of approval from the lady Things. Already done age related so investment
|
|
pom
Member of DD Central
Posts: 1,922
Likes: 1,244
|
Post by pom on Oct 19, 2016 18:53:07 GMT
Well I was thinking both? (for extra choccie opportunity) Besides didn't we do mode age last time?
|
|
james
Posts: 2,205
Likes: 955
|
Post by james on Oct 19, 2016 22:11:25 GMT
Hi, I am totally new here and would like some help, does Mt have an auto bid option and how quickly can I get money invested, via autobid or secondary market, I take it there is a bidding process to invest? And does the secondary market have much liquidity to sell loans if required? Worth investing but the bidding process does always require human interaction. You usually can expect between four and 24 hours after the usual 4PM start of bidding but occasionally the limits are set too high for this to work and it's a case of fast fingers at exactly 4PM and the few seconds or minutes after it. This severely limits the rate at which you can get money invested if you're unable to participate in the bidding that happens after the one day maximum bid period ends and people are free to seek as much as they want, fastest fingers first. That post 24 hours time is how the person who got £60,000 invested probably did it. You'll get an email notification the day before a loan goes live so you can plan to do the bidding once it's happened. Many of the loans via MoneyThing are on six month renewing contracts and you just tick the box to say you want to stay invested and can forget about them from then on, you'll get in to the renewal automatically. Fast and easy for those if you want low work. The secondary market makes selling very fast typically, except overnight and even then it's pretty fast. You can find availability on the secondary market if you diligently and regularly check and since it's at your convenience this may beat the fast fingers at 4PM approach. I've still found it fairly slow going and don't have as much invested as I'd like but that's my particular combination of waking hours as much as anything else. While today the secondary market has excellent liquidity of course that isn't guaranteed. If you want a quick and easy way to get invested at the moment the Ablrate primary and secondary markets look pretty good: a new loan with capacity that will go to 1.4 million Pounds if there's investor demand and also pretty good secondary market availability on a decent range of loans. At the moment Ablrate only has to use caps on the smaller loans but unlike MoneyThing it doesn't do pre-funding with its own money so it doesn't have the size limit per tranche that keeps it necessary at MoneyThing even for loans that will ultimately be big. But that's not a reason not to also use MoneyThing, both are excellent IMO and I happily use them both and recommend that you do as well. Both do take some time to get invested but it's worth it.
|
|
|
Post by winger on Dec 5, 2016 12:24:05 GMT
Whilst we're on the subject of interesting stats, what's the age range of your investors MoneyThing ? 18 to 89. You must have overlooked my mum (96).
|
|