jj
Member of DD Central
Jolly Jammy
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Post by jj on Aug 31, 2017 16:13:56 GMT
I THOUGHT ablrate were going to apply some sort of bidding constraints .. being out most of today I didn't even see the announcement before it was all gone, never mind 'read the proposal'. Not impressed. Similar to what happened on Collateral yesterday. Seems to be an awful lot of money floating around just now.
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IFISAcava
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Post by IFISAcava on Aug 31, 2017 16:28:06 GMT
it's one of those very short ones where the absolute return (3.75%) for the given risk of capital loss is much less impressive than the headline rate of 15%. I took just a small bite to help diversify, but much prefer the longer dated ones even if at a slightly lower annual % because of the much higher absolute return for said risk of capital loss.
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Post by ablrate on Aug 31, 2017 17:11:47 GMT
I THOUGHT ablrate were going to apply some sort of bidding constraints .. being out most of today I didn't even see the announcement before it was all gone, never mind 'read the proposal'. Not impressed. Hi Unfortunately this one was a very short listing time.. i.e 4 days..and to be fair we thought the short date would put people off hence the underwriting... so no bid limits were placed on this.
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des
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Post by des on Aug 31, 2017 18:14:20 GMT
I THOUGHT ablrate were going to apply some sort of bidding constraints .. being out most of today I didn't even see the announcement before it was all gone, never mind 'read the proposal'. Not impressed. Hi Unfortunately this one was a very short listing time.. i.e 4 days..and to be fair we thought the short date would put people off hence the underwriting... so no bid limits were placed on this. Bid limits, really, are you trying to push the larger lenders away to other platforms to satisfy the smaller lenders, that's a slippery slope? I gave up on MT as I just couldn't get any money lent. If you want to make improvements, how about making the documents available 24 hours before launch? That would be useful for all. (And give those without a portable communications device a heads up )
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Post by elephantrosie on Aug 31, 2017 18:18:33 GMT
echo bid limit must be set on all loans
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hazellend
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Post by hazellend on Aug 31, 2017 18:20:45 GMT
echo bid limit must be set on all loans Means amounts on offer to small for larger investors. Maybe bid small bid limit for a couple of hours then free for all?
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stevio
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Post by stevio on Aug 31, 2017 18:53:54 GMT
I THOUGHT ablrate were going to apply some sort of bidding constraints .. being out most of today I didn't even see the announcement before it was all gone, never mind 'read the proposal'. Not impressed. Hi Unfortunately this one was a very short listing time.. i.e 4 days..and to be fair we thought the short date would put people off hence the underwriting... so no bid limits were placed on this. Is the SM going to be disabled for this due to the short length? Otherwise can see some people trying to charge what looks like to the unaware, a single %, when it has a huge effect on the AER
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Post by GSV3MIaC on Aug 31, 2017 18:56:50 GMT
Depends on the loan size .. still plenty left (or was) on waste system, cars, etc. On smaller ones you can't please everyone .. lack of any limit pleases a very few .. those with fastest fingers, bots, or proxy bidders in India with no real life beyond following instructions. I'd rather see something marginally fairer, which is what i thought had been promised.
4pm is not a great time for many folks, at the best of times.
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gustapher
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Post by gustapher on Aug 31, 2017 19:05:43 GMT
The one day I'm out and unable to get online... how annoying. Ah well que sera sera
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macq
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Post by macq on Aug 31, 2017 19:43:07 GMT
Depends on the loan size .. still plenty left (or was) on waste system, cars, etc. On smaller ones you can't please everyone .. lack of any limit pleases a very few .. those with fastest fingers, bots, or proxy bidders in India with no real life beyond following instructions. I'd rather see something marginally fairer, which is what i thought had been promised. 4pm is not a great time for many folks, at the best of times. would agree you can't please everyone and not sure about a bid limit as can see both points of view.But would a agree about the time & the reading of docs.Surely the idea behind p2p/crowdfunding originally was to give ordinary people the chance to invest,but not when a lot of them are at work or out on family business etc.So why not open the loans a bit later with a window of a couple of hours to read the paperwork thereby giving more of an equal chance to smaller players & big hitters.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Aug 31, 2017 19:44:34 GMT
it's one of those very short ones where the absolute return (3.75%) for the given risk of capital loss is much less impressive than the headline rate of 15%. I took just a small bite to help diversify, but much prefer the longer dated ones even if at a slightly lower annual % because of the much higher absolute return for said risk of capital loss. Good point cavalier.
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elliotn
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Post by elliotn on Sept 1, 2017 0:52:25 GMT
echo bid limit must be set on all loans Abl spoke about about this at the time of the generators. They do not wish to alienate long term, larger investors that have propped up the platform until now. First priority is to fill the loan, if you look at FS they have explained how they also need to keep larger investors invested to reinforce platform viability. FS do however offer up a mix with some loans at a temporary limit but to say one "must" be set on "all" loans over simplifies the balancing act some platforms have to maintain.
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marka
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Post by marka on Sept 1, 2017 7:00:54 GMT
echo bid limit must be set on all loans Abl spoke about about this at the time of the generators. They do not wish to alienate long term, larger investors that have propped up the platform until now. First priority is to fill the loan, if you look at FS they have explained how they also need to keep larger investors invested to reinforce platform viability. FS do however offer up a mix with some loans at a temporary limit but to say one "must" be set on "all" loans over simplifies the balancing act some platforms have to maintain. I don't see how a short (maybe 4 hours or whatever) period of limits does any harm here. If it all sells out in small chunks (unlikely, especially on larger loans) then the first priority is fulfilled. If not then the B.H. get to take a big slice of a slightly smaller pie. Edited to add: Plus if the longer term goal is to grow the investor base, then even though 1 B.H. may well have as much capital to play with as 1000 S.H. those 1000 S.H. have a much louder combined voice to tell the rest of world what they think of a platform.
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Post by bodroll on Sept 1, 2017 7:38:59 GMT
it's one of those very short ones where the absolute return (3.75%) for the given risk of capital loss is much less impressive than the headline rate of 15%. I took just a small bite to help diversify, but much prefer the longer dated ones even if at a slightly lower annual % because of the much higher absolute return for said risk of capital loss. Good point cavalier.
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macq
Member of DD Central
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Post by macq on Sept 1, 2017 7:42:06 GMT
echo bid limit must be set on all loans Abl spoke about about this at the time of the generators. They do not wish to alienate long term, larger investors that have propped up the platform until now. First priority is to fill the loan, if you look at FS they have explained how they also need to keep larger investors invested to reinforce platform viability. FS do however offer up a mix with some loans at a temporary limit but to say one "must" be set on "all" loans over simplifies the balancing act some platforms have to maintain. Think it may have been at the time of the generators offer that Abl also said they could not or did not want to make the documentation available before the loan goes live.At the end of the day its a more level playing field regardless of money if you have all the info to play FFF
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