SteveT
Member of DD Central
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Post by SteveT on Nov 10, 2016 8:09:27 GMT
"all of them 6 months and under"
ROFL 😠(you should see my FS loans list!)
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pom
Member of DD Central
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Post by pom on Nov 10, 2016 15:27:18 GMT
"all of them 6 months and under" ROFL 😠(you should see my FS loans list!) Indeed ... I stopped investing in FS last summer...my last loan was due to repay on xmas eve last year....not entirely confident I'll have it back by xmas this year 
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Post by tybalt on Nov 14, 2016 7:01:29 GMT
As another little aside. Those who leant to a perfectly sound business loan on ThinCats were recently told that due to legal delays the loan was in breach of the covenants but TC having examined the facts had decided to accept the situation. Result the loan parts could still be listed on the SM which is exactly what happened. Although I think the risk of default remains low it till must be higher than in the original loan description.
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Post by wengyeeRelendex on Nov 29, 2016 12:58:01 GMT
We believe that a Secondary Market is an important part of the service P2P platforms provide to Lenders. In our view the key idea of understanding risk is diversification. An Investor has to spread the funds through various loans and various P2P platforms. A Secondary Market gives one the opportunity to pick up loan parts one might have missed previously in order to build up their portfolio.
A Secondary Market is not about selling off loan parts before maturity therefore we (Relendex) do not allow the selling of loan parts 30 days prior repayment. The other reason is that a Lender may need to close his positions and withdraw his cash for [personal] reasons unknown to the platform.
Relendex reckons no fees should be charged for transactions in the Secondary market as it puts its existing Lenders at a disadvantage to new Lenders picking up parts (we observe that in most cases platforms charge the seller).
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ben
Posts: 2,020
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Post by ben on Feb 12, 2017 17:45:00 GMT
We believe that a Secondary Market is an important part of the service P2P platforms provide to Lenders. In our view the key idea of understanding risk is diversification. An Investor has to spread the funds through various loans and various P2P platforms. A Secondary Market gives one the opportunity to pick up loan parts one might have missed previously in order to build up their portfolio. A Secondary Market is not about selling off loan parts before maturity therefore we (Relendex) do not allow the selling of loan parts 30 days prior repayment. The other reason is that a Lender may need to close his positions and withdraw his cash for [personal] reasons unknown to the platform. Relendex reckons no fees should be charged for transactions in the Secondary market as it puts its existing Lenders at a disadvantage to new Lenders picking up parts (we observe that in most cases platforms charge the seller). Bringing a long dead post back to life, the secondary market in the long run could do p2p more harm then good. To invest in a loan you need to know the risks and assess this, however you do this an in good times like now when the secondary market is active investors are buying loans they do not really want with the intention of selling on the secondary market. This works fine now but what happens when the secondary market collapases, many investors do not really understand the risk of what they have invested in. Everybody circumstances can change and sometimes people need money back for whatever reason I can accept that, but the majority of people are using the secondary market to maximise returns without understanding the risks. Anybody investing in a loan that they have no intention of holding until maturity during a market crash is going to be in for a big suprise and I can see this being one of the next big finacial mis-sales.
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andyb
Posts: 69
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Post by andyb on Feb 12, 2017 20:48:26 GMT
I think a secondary market is very important in the world of P2P, I'm a real toe-dipper until I get a feel for a platform so being able to sell out or buy in small amounts is a main draw for me.
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