stevio
Member of DD Central
Posts: 2,065 
Likes: 894
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Post by stevio on Mar 1, 2017 19:33:28 GMT
With all that's happening at SS, wondering what strategy people are now deploying?
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Post by Butch Cassidy on Mar 1, 2017 19:39:34 GMT
Investing in Col, MT & Abl - in no particular order; Both FC & AC tried pushing similar risk loans for (much) lower rates so I invested elsewhere & will continue to do so  |
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mason
Member of DD Central
Posts: 662
Likes: 640
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Post by mason on Mar 1, 2017 19:43:56 GMT
Investing in Col, MT & Abl - in no particular order This for me too. I started liquidating my remaining loans in January (after reducing my exposure when some of the dodgy details of PBL020 came to light) and have not had anything invested here for several weeks now. These changes are at least an improvement to clarity, which was my main reason for leaving. Perhaps in time SS will regain my trust.
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ben
Posts: 2,020
Likes: 589
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Post by ben on Mar 1, 2017 19:53:32 GMT
Same as before investing in loans I am happy to hold, although the cupboard is starting to look a bit empty.
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Post by hazzo on Mar 1, 2017 20:00:35 GMT
No great change for me.
Continue not to treat SS as a savings account.
Continue not to lend on loans where SS are taking the proverbial.
Try and bail out well before trouble starts.....
Oh and continue to listen to the wise words of Cooling Dude n friends and enjoy the ridiculous hysteria of a few others.
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mack
Posts: 85
Likes: 90
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Post by mack on Mar 1, 2017 20:57:31 GMT
Invested for a long time. High six figure sum. Very happy with interest earned. Noted loan quality vs risk. Updates and due diligence looking suspect. Now have zero invested.
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Post by onion12 on Mar 1, 2017 21:15:07 GMT
Exit for me 20% out so quite a way to go , using mt as I have been for quite some time and started with col and abl
property crowd are getting my attention aswel,
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elliotn
Member of DD Central
Posts: 3,063
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Post by elliotn on Mar 2, 2017 0:53:44 GMT
Flight to 'quality' not just remaining days, leaving the account funded for the urge to snaffle. (I had already halved my pot based on my own definition of a default).
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Post by jackpease on Mar 2, 2017 7:44:05 GMT
I don't think the underlying health of SS is markedly different - it is our understanding that is different. I think in the early 'starstruck' phase of a platform there are unrealistic expectations on risk.
This happened in early days Assetz - enthusiasm turned to scepticism as defaults rolled in - for me this pushed me into the hands of platforms that seemed 'friendly' and well run with good returns - only for them to go the same way.
So this time I am not running to 'platforms of the moment' as i reckon that they'll go precisely the same way as SS ie the defaults will emerge and the platform will become too big to indulge this forum, which if we are being honest, is probably their biggest crime (following FC and RS).
I'll stick with SS with a realistic understanding that fast moving, responsive loan platforms must inevitably put together their loans on the hoof, and that in the current market returns will not be what they used to be, and alternatives may not be what they seem.
Jack P
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twoheads
Member of DD Central
Programming
Posts: 1,089
Likes: 1,192
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Post by twoheads on Mar 2, 2017 9:28:57 GMT
Keep 1% (i.e. yesterday's interest) for playing the SS.
Buy good stuff where possible. (Yesterday I managed to invest 4/5 of my interest but that won't always be the case.)
Sell bad stuff next morning ready to play again (sold in seconds today).
Only differences: - Pre-selling rather than the old post-selling which has become impossible since yesterday.
- Cannot be sure how much of my 1% will be uninvested at any time but that doesn't worry me (it changes a 12% return to 11.88% in the worst case).
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Post by lendinglawyer on Mar 2, 2017 9:39:40 GMT
Invest in good quality new loans. Potentially if something good is on the SM grab it, but the SM is so fast I do not have the time to play it properly so this relies on something good being there at the time I am on the site and forms a very small part of my investments. Sell-down gradually as term diminishes. Fully exit all loans while significant positive days remain. This is the same strategy as I employ on all platforms (and I shuffle money between them as if they were a single platform, subject to personal platform concentration limits). I generally agree with jackpease . |
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Post by hartshay on Mar 2, 2017 10:02:46 GMT
I continue to invest in some loans of 10-12% as they come up. Always sell out before 60 days left. Never lost a penny. However, I have sold off 50% of my holding recently as I have issues with their customer care, dd and imho increasing risk profile on a number of recent loans. I invested the money in a Sipp which has much better y1 returns!
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jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
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Post by jonah on Mar 2, 2017 20:52:08 GMT
I don't think the underlying health of SS is markedly different - it is our understanding that is different. I think in the early 'starstruck' phase of a platform there are unrealistic expectations on risk. This happened in early days Assetz - enthusiasm turned to scepticism as defaults rolled in - for me this pushed me into the hands of platforms that seemed 'friendly' and well run with good returns - only for them to go the same way. So this time I am not running to 'platforms of the moment' as i reckon that they'll go precisely the same way as SS ie the defaults will emerge and the platform will become too big to indulge this forum, which if we are being honest, is probably their biggest crime (following FC and RS). I'll stick with SS with a realistic understanding that fast moving, responsive loan platforms must inevitably put together their loans on the hoof, and that in the current market returns will not be what they used to be, and alternatives may not be what they seem. Jack P Whilst I agree with a lot of this... the platform in its totality has changed. The changes in perception have changed reality, in that there are less people buying so the liquidity is less. This means that the ability to sell off loans is less which means the platform as a whole has changed, at least a little, for anyone who was not 100% sure they wanted to hold until redemption.
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dan83
Posts: 243
Likes: 84
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Post by dan83 on Mar 3, 2017 7:14:20 GMT
Slowly with drawing from the platform as and when new 12% loans come around on other platforms that I use.
Juggling money that is still here in to the longest 12% loans that are still available.
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Liz
Member of DD Central
Posts: 2,426
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Post by Liz on Mar 3, 2017 8:47:51 GMT
Well somebody is buying all of these short dated-not paying interest and about to default loans. Somebody own up.
I too am winding down as 12%ers mature and shifting funds to FS and S&S ISA.
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