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Post by tomder on May 15, 2017 22:22:38 GMT
Hi,
I cannot find the feature to sell my loan mid-term, is it possible?
Regards,
Tom
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Post by eascogo on May 15, 2017 23:13:06 GMT
Hi, I cannot find the feature to sell my loan mid-term, is it possible? Regards, Tom . On main screen go to "My investment". In the new window that opens you'll see the option "Selling/Sold investments". Then select the item you want to sell.
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Greenwood2
Member of DD Central
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Post by Greenwood2 on May 16, 2017 6:16:00 GMT
If the box in that column is grey the investment is not eligible to be sold, too new or too close to redemption.
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Post by tomder on May 16, 2017 6:45:23 GMT
I saw this, but the sell box is Grey :-( how come some are not eligible to be sold? Where are the criteria on what is eligible for a secondary market sale and not?
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SteveT
Member of DD Central
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Post by SteveT on May 16, 2017 6:48:50 GMT
I saw this, but the sell box is Grey :-( how come some are not eligible to be sold? Where are the criteria on what is eligible for a secondary market sale and not? Loans cannot be sold within 1 month of your buying them, nor after they have less than 1 month to term.
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Greenwood2
Member of DD Central
Posts: 4,239
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Post by Greenwood2 on May 16, 2017 7:21:31 GMT
The secondary market was only meant to be a method of selling out if you need the funds. By putting in limits I think Bridgecrowd were trying to prevent gaming the system, ie, discouraging lenders from buying anything (or large chunks of loans, cutting out other potential lenders) and then selling immediately putting a load on the system; And if a loan is close to redemption stopping lenders selling to avoid holding any loans that don't repay on time.
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Post by tomder on May 16, 2017 7:57:35 GMT
Thank you this makes sense.
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Jun 5, 2017 7:44:00 GMT
If you put a loan on the SM it stops earning interest. Just lines BC's pockets.
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SteveT
Member of DD Central
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Post by SteveT on Jun 5, 2017 9:06:13 GMT
If you put a loan on the SM it stops earning interest. Just lines BC's pockets. In theory, yes. In practice, nothing offered on the SM to date appears to have lasted more than a day.
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Post by thebridgecrowd on Jun 5, 2017 13:26:55 GMT
Thanks Steve, perfect answer. Do you want a job in our PR team? I can confirm that all loans on the SM have sold within a day.
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Post by waryinvestor on Nov 9, 2017 19:10:48 GMT
When I go to the 'Selling/Sold Investments' tab, I don't see any 'Sell' button, only 'no data to display'. Does it mean I don't have any loans that is eligible for sell ?
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SteveT
Member of DD Central
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Post by SteveT on Nov 9, 2017 20:29:03 GMT
When I go to the 'Selling/Sold Investments' tab, I don't see any 'Sell' button, only 'no data to display'. Does it mean I don't have any loans that is eligible for sell ?
If you can sell a loan, there will be a SELL button next to it in My Investments (far right hand side). You can’t sell loans after 1 month to go, nor for 1 month after you buy them.
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tomp
Member of DD Central
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Post by tomp on Nov 9, 2017 21:16:56 GMT
It feels like SM is manual - someone has to approve the operations . If you put something on sell tonight most likely will be gone tomorrow 
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