vmail
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Post by vmail on Mar 14, 2017 0:01:38 GMT
Hi, how do I quickly find a small loan on the SM to invest. Its a pain to open all micro loans individually to have a look.
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Post by dodgeydave on Mar 14, 2017 1:04:37 GMT
Go to your homepage . Look at the top , just under your available balance , and it says MARKETPLACE , then click it will say SECONDARY MARKET.
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Post by flobberchops on Mar 19, 2017 11:59:21 GMT
If I understand vmail correctly he's asking if there's a way to search secondary market loan parts by size, bottom up. I agree that this is a function that would be very useful and it's a pain in the **** having to dip in and out of loans using a combination of educated guessing and elimination to find loan parts under £10.
What I've found useful is to preferentially look at SM loans which have already made a lot of repayments, meaning any £10 loans will have been "eroded" away nicely by the repaid capital.
If anybody has a better method, or if there's a search function I'm unaware of, I'd be interested to know!
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Post by kylierebsoc on Mar 22, 2017 11:58:30 GMT
Hi vmail and flobberchopsThe layout of the secondary market has been set up in such a way as to ensure that investors have sufficient opportunity to review the business prior to investing so as to ensure that they are able to become comfortable with any risks. Once the high level information about the business and it's repayment performance has been reviewed lenders may then click into a loan and sort the loan parts available by a number of variables. I understand how the current layout may be frustrating for you and will pass on your feedback with the hope that if a redesign is done, your frustrations will be taken into account. |
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Post by flobberchops on Mar 22, 2017 16:01:15 GMT
Hi Kylie, thanks for the response.
I'm sure I'm not the only investor who considers micromanaging their ReBS loans a bit pointless - witness the recent "changes to security" to not one but two loans; we simply don't have reliable information to hand to make informed decisions about risk.
That leaves simply playing the numbers game, i.e. the "macro" or "big picture" approach to investing, where high quality individual loans aren't as important as having a good enough return:loss ratio turn a profit. And when you're taking that approach, it's far more important to be able to quickly and efficiently reinvest returns to have a minimum of money sitting dead and earning zero interest - so, a search function that compares available loan parts across all loans would be very handy.
Anyway, I'll get off my soapbox now, if you could pass on the suggestion that would be appreciated.
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Post by kylierebsoc on Mar 22, 2017 16:57:27 GMT
Hi again flobberchops,
Just to address the changes to the security of the two loans that you mention, the changes to these loans needed to be made due to circumstances beyond our control. Instead of cancelling all bids immediately, which would mean definite delays to both the borrowers and lenders. Instead the decision was made to individually contact all investors to notify them of the change and to give them the opportunity to cancel or keep their bids.
We work hard to ensure that there is as much in formation available to investors as possible throughout the process so as to allow them to make informed lending decisions.
I like the idea of a search function on the secondary market and this has been passed back to the team.
Have a good evening.
Kylie
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,442
Likes: 945
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Post by stub8535 on Mar 23, 2017 0:19:02 GMT
Why did you move away from the system you had Kylie. I can remember having a listing of all loans with bits available to trade showing how much was available and my current investments. Is this not still available? Have not been playing on the site for over 6 months now just logging in to move my cash elsewhere.
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