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Post by khampson on May 26, 2017 14:16:13 GMT
Hi, what platforms offer 9%+ with a active secondary market to sell loans should I need to get at my funds?
I know Funding secure do but I'm unsure of any others.
Thanks in advance
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Post by yorkshireman on May 26, 2017 14:24:22 GMT
Hi, what platforms offer 9%+ with a active secondary market to sell loans should I need to get at my funds? I know Funding secure do but I'm unsure of any others. Thanks in advance I’ll probably be pilloried for suggesting this, it’s still possible to make 9%+ on Funding Circle with a usually active secondary market although not today, besides the obvious platforms such as Lendy and Money Thing.
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Post by khampson on May 26, 2017 14:34:12 GMT
Hi, what platforms offer 9%+ with a active secondary market to sell loans should I need to get at my funds? I know Funding secure do but I'm unsure of any others. Thanks in advance I’ll probably be pilloried for suggesting this, it’s still possible to make 9%+ on Funding Circle with a usually active secondary market although not today, besides the obvious platforms such as Lendy and Money Thing. How is it possible to get 9% Plus on funding Circle I have used funding Circle for a number of years and only managed to get between six and seven percent
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Post by dan1 on May 26, 2017 14:36:07 GMT
Hi, what platforms offer 9%+ with a active secondary market to sell loans should I need to get at my funds? I know Funding secure do but I'm unsure of any others. Thanks in advance FS limit discounts to 1% and if the market turns against you then that may not be enough to tempt buyers. ABLRate allow unrestricted bids/offers so assuming that the majority of your loans are tradeable then you'll be able to offload your loans even in a market downturn (even if you make an overall loss you'll still be able to get back the majority of your capital).
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Post by yorkshireman on May 26, 2017 14:42:48 GMT
I’ll probably be pilloried for suggesting this, it’s still possible to make 9%+ on Funding Circle with a usually active secondary market although not today, besides the obvious platforms such as Lendy and Money Thing. How is it possible to get 9% Plus on funding Circle I have used funding Circle for a number of years and only managed to get between six and seven percent As follows: p2pindependentforum.com/post/187168p2pindependentforum.com/post/187307p2pindependentforum.com/post/187196It's what the financial sector refers to as active management.
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sl125
Member of DD Central
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Post by sl125 on May 26, 2017 14:51:20 GMT
I’ll probably be pilloried for suggesting this, it’s still possible to make 9%+ on Funding Circle with a usually active secondary market although not today, besides the obvious platforms such as Lendy and Money Thing. How is it possible to get 9% Plus on funding Circle I have used funding Circle for a number of years and only managed to get between six and seven percent Here is one way (albeit very crude): If you can accept the risk, then by actively using the secondary market in FC you can make good returns. E.g. By a 17.9% D on the primary market and sell at par the day before its first payment is due. This will net you 14.9% Apr (after accounting for the 0.25% selling fee, which for one month reduces the Apr by 3%). Clearly, to make this technique work, you need to be buying serious amounts on the primary market and be confident you can offload it the day before their first payment is due. If you look at FC today, the market has turned in just one day, and there are far more sellers than buyers on the secondary market. So the risk is you could end up holding a lot more of a debt than you'd bargained for... so not a technique for those who want to sleep soundly...
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invest
P2P Blogger
Alive
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Post by invest on May 31, 2017 5:14:38 GMT
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Post by gidoppp01 on Jun 1, 2017 2:36:54 GMT
How is it possible to get 9% Plus on funding Circle I have used funding Circle for a number of years and only managed to get between six and seven percent According to funding circle stats, it is possible. This is the principle of Yin and Yang, someone makes 10% in Funding circle and someone else makes 4% in Funding circle. Life is not always fair, but that how it works in funding circle.
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Post by wiseclerk on Jun 1, 2017 7:45:10 GMT
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sl125
Member of DD Central
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Likes: 64
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Post by sl125 on Jun 1, 2017 8:31:48 GMT
How is it possible to get 9% Plus on funding Circle I have used funding Circle for a number of years and only managed to get between six and seven percent According to funding circle stats, it is possible. This is the principle of Yin and Yang, someone makes 10% in Funding circle and someone else makes 4% in Funding circle. Life is not always fair, but that how it works in funding circle. To be honest, this is true with all forms of investment. If I bought a share in Xyx Plc for £1 and I subsequently sell it for £1.20, should I be worried if the share price suddenly goes sky high meaning the person that bought it from me made a huge profit whilst I only earned a reasonable profit? Or the other way round, where a share has had a meteoric rise and I then buy it for £1 only for it to crash and burn? should I be annoyed that the "market" has allowed the previous owner of that share to profit whilst I made a loss? And so it is with life... I may be perfectly happy with my income, but my boss may earn twice what I earn, and his boss twice that and so on. ie. there is always going to be someone who makes a bigger profit than me, but if I am happy that I am meeting my own goals, that should be all that matters.
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