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Post by GSV3MIaC on Nov 27, 2017 13:29:36 GMT
Hopefully there is a higher chance of it going up than going down (else why did you buy it). And you set a stop loss enough below where you are at such that minor random fluctuations don't trigger it (buy at 10,000, set a stop loss at 9,999 would be pretty dumb). Whether you buy again, ever, and at what level, is a trading decision you have to make based on data available at the time .. if there was a nice simple rule, everyone would be billionaires already.
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Post by GSV3MIaC on Nov 27, 2017 8:19:32 GMT
Google is your friend, but i assume they meant .. www.hnwlending.co.uk/There is a list of common acronyms here somewhere .. try search facility.
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Post by GSV3MIaC on Nov 26, 2017 20:14:45 GMT
With many platforms you can set an upper sell point too .. i.e. if my £11k reaches £12k, I'm outta here. Again, you need to remember to update it as required. This is generally less useful/used than a stop loss, but may help if you are going up a mountain in Tibet for a week and don't want to miss a spike.
You also have to be aware that a stop loss is not guaranteed - if the market goes into freefall (lots of bots selling up, a flash-crash) the 'exit at £10.5k' may prove impossible to achieve, and you'll either not get out, or discover the best you could get for selling at that time was rather worse - i.e. you sold, but at £9.8k (see what the exact stop loss terms are)
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Post by GSV3MIaC on Nov 26, 2017 14:53:59 GMT
You sell at less than current price, but hopefully before the bottom, and hopefully at more than you bought for (but not always). And you are supposed to adjust it up or down occasionally. It's like a seat belt .. "but if you use that, doesn't it mean you crashed".
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Post by GSV3MIaC on Nov 26, 2017 9:18:46 GMT
I think the problem is that the economy, including retail, wants a lot of consumers to buy (3% more spending each year, ideally, it seems), while simultaneously wanting fewer workers, or lower wage bills. Squaring that circle is challenging, unless the money for consumption can be found from someplace other than wages. Borrowing just kicks the can down the road.
If you have investments, or key skills, you are fine, but industry can't sell a million iphone-x s to Bill Gates, if he's the only guy with spare funds.
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Post by GSV3MIaC on Nov 26, 2017 9:07:47 GMT
I agree the poll as it stands is not useful. I have maximum £absolute, % of my investment total (the total varies over time), % of loan (no hogging small ones), max by platform, by borrower, by asset type, etc. Put that through the ringer and the answer for an individual loan comes out between £50 and £xk, depending.
Often the limit is reduced by what the platform allows, at least for an initial bid.
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Post by GSV3MIaC on Nov 25, 2017 21:41:24 GMT
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Post by GSV3MIaC on Nov 25, 2017 18:41:42 GMT
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Post by GSV3MIaC on Nov 25, 2017 8:39:52 GMT
Don't you have to wait 5-10 years before you have all the recovery numbers in? Assuming Z actually chase the borrowers through bankruptcy, CCJ, IVA, etc.
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Post by GSV3MIaC on Nov 24, 2017 10:10:57 GMT
I don't think people have grasped that 'start lending' might well involve autobodge reloading your portfolio with a selection of the same aged (or worse) parts that you (or someone else) just UNloaded. Afaik there's no way to prevent it buying tat on the SM (nor should there be, if we want a level playing field). I agree that statistically it OUGHT buy at least a few 'fresh' parts, but hey this is FC autobodge we are talking bout 'ought' doesn't figure prominently in the spec.
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Post by GSV3MIaC on Nov 22, 2017 21:04:47 GMT
You really think you beat a 'big data' AI system (or 3) trading at Ghz rates with high volume spreads and charges? Lotsa luck! And folks complain about bots on FC or Ly?
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Post by GSV3MIaC on Nov 22, 2017 10:14:32 GMT
Were these two sets of loans drawn from the same underlying population though .. IIRC (I no longer lend with Z) they have been moving the goalposts somewhat recently (or less recently?) in therms of the risk (and rate) mix of borrowers? In general I'd hope that 1000*£10 parts would be enough diversification to give something close to average return, if they were being drawn at random from a fixed overall population .. how different was 'very different'?
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Post by GSV3MIaC on Nov 22, 2017 10:03:44 GMT
Assuming there IS both a bid and an ask, but in almost all cases there is (and certainly in all the cases where I made a trade).
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Post by GSV3MIaC on Nov 22, 2017 8:26:58 GMT
thanks, i am far from the CGT threshold, so will use this technique You may wish to confirm with tax advice. Are you worried about the CGT, or the selling to yourself? You can do the latter with stocks and shares too, especially in thin markets. Last time i checked the opinion was no issue, as long as it was all done at open market prices.
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Post by GSV3MIaC on Nov 21, 2017 21:10:33 GMT
The launch email from Ly reads, to me, as slightly desperate. 8>. Careful what you wish for. We wanted honesty and openness. Now that Ly appear to be giving this to us we feel uncomfortable and wish that they'd painted a rosier picture to encourage others to invest. As I understand it this is an iconic building and the project is sound. It just needs the final push on the funding front. Nope, I don't feel any more uncomfortable than I did before - this one is on my doorstep, and I'm happy to continue to support it, but I do think Ly may have bitten off too many big DFLs, on the basis they could get the first 25% funded (needed to, to keep their investors happy), and are/will struggle to find the funds to finish them all. I was pretty close to my limit on this one after tranche 4 or 5, so even 1% isn't going to get much extra cash from me, especially since the chance of selling out (if I need to, which I currently don't) looks slim to none.
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