southport
Member of DD Central
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Post by southport on May 19, 2017 11:03:59 GMT
Thank you.
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elliotn
Member of DD Central
Posts: 3,063
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Post by elliotn on May 19, 2017 11:26:48 GMT
Can someone tell me if interest stops accruing when a loan part is put up for sale or when it is actually sold? ALL interest is lost unless you de-list the same day (before the c.o.b. Interest run) - list BL00026 at your peril
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,848
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Post by ilmoro on May 19, 2017 11:30:17 GMT
Can someone tell me if interest stops accruing when a loan part is put up for sale or when it is actually sold? ALL interest is lost unless you de-list the same day (before the c.o.b. Interest run) - list BL00026 at your peril Yes particularly as IIRC the cut-off is 11.30 not midnight.
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Post by freedommmm on May 20, 2017 10:51:13 GMT
What is average experience for selling in SM queue? How long did it take to sell e.g. £10,000 of a property loan with over 50 days remaining?
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vmail
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Post by vmail on May 20, 2017 13:33:31 GMT
How is COLs SM different to L?
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elliotn
Member of DD Central
Posts: 3,063
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Post by elliotn on May 20, 2017 14:01:55 GMT
How is COLs SM different to L? You lose interest each day listed, on Ly you re-coup it when you de-list (before month-end).
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Post by df on May 20, 2017 19:17:52 GMT
How is COLs SM different to L? You lose interest each day listed, on Ly you re-coup it when you de-list (before month-end). I've put some parts for sale on L at the end of April. Still in a long queue. If I de-list before the end of this month, will I loose interest only on those few days in April?
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vmail
Open image in a new tab.
Posts: 457
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Post by vmail on May 20, 2017 19:46:55 GMT
You lose interest each day listed, on Ly you re-coup it when you de-list (before month-end). I've put some parts for sale on L at the end of April. Still in a long queue. If I de-list before the end of this month, will I loose interest only on those few days in April? Most likely, but you can let us know
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Post by freedommmm on Jun 10, 2017 20:39:17 GMT
What has been your typical selling time for your loan parts on SM ? Which loan types would you recommend as the fastest-selling on SM ?
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Post by dan1 on Jun 10, 2017 20:48:08 GMT
What has been your typical selling time for your loan parts on SM ? Which loan types would you recommend as the fastest-selling on SM ? Non-property loan parts sell within seconds or minutes, sometimes those odd pence loan parts will hang around for as long as an hour or two! I can't see this changing as the number of account holders grows and so does the property loan origination to feed them. I sell loan parts to be redeemed as soon as Gordon announces them on a Friday, and even those (with less than 7 days remaining) sell within seconds.
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theshape
Member of DD Central
Posts: 153
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Post by theshape on Jun 10, 2017 21:07:10 GMT
What has been your typical selling time for your loan parts on SM ? Which loan types would you recommend as the fastest-selling on SM ? Non-property loan parts sell within seconds or minutes, sometimes those odd pence loan parts will hang around for as long as an hour or two! I can't see this changing as the number of account holders grows and so does the property loan origination to feed them. I sell loan parts to be redeemed as soon as Gordon announces them on a Friday, and even those (with less than 7 days remaining) sell within seconds. What is the rationale behind selling the loans that will be redeemed? Why not just wait until redemption?
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Post by dan1 on Jun 10, 2017 21:16:17 GMT
What is the rationale behind selling the loans that will be redeemed? Why not just wait until redemption? I tend to use the cash generated to invest in renewals or longer-dated non-property loans typically listed in the hour prior to renewals. I'm giving up, at most, 7 days interest and I get to be in control of when I offload the loan. I guess I'm a little more concerned by those scheduled to redeem than renewals (perhaps irrationally!)
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Post by freedommmm on Jun 10, 2017 21:31:36 GMT
What about the property-based loan parts? What is your typical selling time, and which types/kinds are the fastest-selling ones?
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theshape
Member of DD Central
Posts: 153
Likes: 109
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Post by theshape on Jun 10, 2017 21:38:49 GMT
What is the rationale behind selling the loans that will be redeemed? Why not just wait until redemption? I tend to use the cash generated to invest in renewals or longer-dated non-property loans typically listed in the hour prior to renewals. I'm giving up, at most, 7 days interest and I get to be in control of when I offload the loan. I guess I'm a little more concerned by those scheduled to redeem than renewals (perhaps irrationally!) Do you find the hour prior to renewals 8am to 9am the best time to pick up non-property loans? I guess I'd also sell the redeeming loans if I had an idea when I could re-invest. I've usually had to keep the Collateral page open on a second screen on days where I've spent a long time online in order to catch non-property loans on the SM.
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Post by dan1 on Jun 10, 2017 21:39:44 GMT
What about the property-based loan parts? What is your typical selling time, and which types/kinds are the fastest-selling ones? I don't hold any non-property loan parts on COL. My avatar is a clue, I like my shiny stuff
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