kulerucket
Member of DD Central
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Post by kulerucket on Jan 4, 2017 15:02:03 GMT
So, I put 500 into SS the other day as a tester it out and have been trying to invest. There are a few loans popping up here and there but you have to be lightning quite at the captcha to grab something. At first only only saw the ones that are overdue so grabbed some of those just to get something to start off. Now, I've managed to grab a bit more of some I like better and let the negative ones go (bought in seconds). I also find that I have to grab them before I can even take a closer look otherwise the loan parts are just bought in seconds. I assume that everyone else has to do something similar and that's why all of this buying and selling is going on. It just seems like a giant game of musical chairs.
I wish there was an auto invest feature.
How long does it take for items to come out of the pipeline? I'm thinking of just pre-funding some just to save the hassle but I don't want the money sitting there for too long?
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alanp
Member of DD Central
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Post by alanp on Jan 4, 2017 15:05:54 GMT
Pre-funding on SS is Invest Now - Pay Later model.
So you set your pre-fund for pipeline loans and when it goes live you get an allocation up to your pre-fund setting which puts you on a negative balance. You have ~24-48 hours to clear the balance or SS will resell the parts. You can't sell parts you have owned for <7 days whilst you are negative.
As for SM - Fastest Finger (or BOT) First
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Jan 4, 2017 15:19:29 GMT
SM is to benefit sellers, not buyers. Once you have your money invested, you'll be happy with the knowledge that you can sell quickly (in the current environment - may change, so be careful).
Plenty on the PM. Just bide your time and don't be in such a hurry to invest (and remember to carry out DD!)
In any event; investing on the SM is possible; you just have to be patient and quick. After midnight is always good; when a new loan goes live there is also a lot of activity.
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jcb208
Member of DD Central
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Post by jcb208 on Jan 4, 2017 15:20:51 GMT
Best time to try on the SM is either when a Go-live email arrives or on the day loans go live ,mind you still need to be quick to get the decent stuff.Savingstream is very popular now and at the moment very liquid so easy to dump all the toxic stuff but this may change at any time
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lofty
Posts: 101
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Post by lofty on Jan 4, 2017 15:26:11 GMT
A few months ago I was in the same boat, keen to invest but stuck with the speed of sales. I finally managed to get properly invested and was very chuffed. Then came a default, 9 nine new loans (over 10 million), and brexit within a week or so of each other. The market then swung completely the other way. So you'll hear on these boards about the feast and famine that is the marketplace on SS.
But right now, we're in famine. That may change over the next week or so with a good couple of million in pipeline loans.
If you're a night owl I've noticed the market tends to get a bit more active just after midnight (people holding on for that extra days interest). Also, a few hours after SS sends out a go-live email (people getting ready for new loans). I've also seen some bigger chunks available of new loans at about 9am 3 days after release as (presumably) SS cancel the purchase of people who haven't paid up.
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fasty
Member of DD Central
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Post by fasty on Jan 4, 2017 15:33:31 GMT
and learn to love sushi
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Post by charliebrown on Jan 4, 2017 16:05:01 GMT
Took me a while to get that joke  Are there BOTs being used? Even with the store fronts, sushi, street signs and fireworks  I've noticed that sometimes I'm not challenged with a sushi puzzle. I can't work out the pattern, but just sometimes it doesn't ask me and allows me to invest without it. I think it's common of all the popular p2p sites. I saw an interview on YouTube with one of the RS guys who said he wouldn't and doesn't spend a penny of marketing funds on lenders (I think it was RS, from memory) as there's no need to. Theres an awful lot of competition to get your money invested in good loans on SS, but you'll sure be glad it's that way if you need to cash out for whatever reason.
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kulerucket
Member of DD Central
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Post by kulerucket on Jan 4, 2017 20:27:46 GMT
Thanks all, I have some good tips to get started. I'm relatively happy with what I've got now but I'll probably still do a bit of juggling when the new loans appear.
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nick
Member of DD Central
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Post by nick on Jan 5, 2017 12:00:52 GMT
I think the best way to build-up a portfolio quickly is to apply for relatively large pre-allocations of new loans. You can then sell these down to subscribe to new loans as they launch to diversify. It will mean that you will initially have a very high concentration risk, but this will quickly reduce as new pipeline loans come to fruition. You can speed up diversification by attempting to buy on the SM when new loans launch as there tends to be a fair amount of activity on the SM just prior and after new loan launches. Otherwise the SM is geared up for high liquidity on the sell side rather and is difficult to build-up a portfolio unless you are willing to spend a lot of time in front of the PC frantically clicking to try to beat the hoards each time a loan scrap comes up for sale...........
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vmail
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Post by vmail on Jan 5, 2017 23:23:48 GMT
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Post by p2plender on Jan 6, 2017 8:21:00 GMT
Looks like a few have already taken your advice!
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Jeepers
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Post by Jeepers on Jan 6, 2017 9:03:44 GMT
I'll be reluctantly selling about £25k of the best loans on the platform in the next week or so to buy a house. 😫
If only there was the option to sell at a premium. That would spice things up!
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Post by jackpease on Jan 6, 2017 10:20:22 GMT
I'll be reluctantly selling about £25k of the best loans on the platform in the next week or so to buy a house. 😫 If only there was the option to sell at a premium. That would spice things up! I wonder if you will get any PM's asking you precisely when you are selling? Some may even offer you a PM'd premium for that information - prompting an entire thread about ethics alongside the scripting one. You could auction off the exact time in exchange for a payment to charity? Jack P
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yorky
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Post by yorky on Jan 6, 2017 11:23:01 GMT
Please lets not go down that road Things are fine just as they are. Just be grateful we can sell when we need the money.
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Jeepers
Member of DD Central
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Post by Jeepers on Jan 6, 2017 11:39:05 GMT
I suppose it depends on your side of the fence. Personally, I've been with SS for about 2 years and in that time I've built up a nice portfolio which I'm now having to sell. If I was buying then obviously I wouldn't want a premium.
Hey-ho, I've made a good return and can now sell instantly.
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