voss
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Post by voss on Apr 6, 2017 9:11:11 GMT
The rubbish deal flow is fine by me. It means that I can recycle tired old stuff on the SM and quite likely some shiny new loans will be available by the weekend. I agree. The amount of cash in hand doesn't matter so much as what XIRR tells me.
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voss
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Post by voss on Apr 6, 2017 9:09:17 GMT
If personal investors are fully invested FC feeds new loans to the institutions I hadn't realised that. How do they know when you are fully invested? I had always thought that they simply prefer to place as many loans as possible as whole loans because it is less work for them compared with dealing with us hundreds(?) of retail lenders per loan. If that is their objective, then they mange the PM very well.
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voss
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Post by voss on Apr 5, 2017 16:50:26 GMT
Welcome, Simon. It's not that there are so few borrowers. It's that there are so many lenders, snapping up the loans. Many of these lenders seem to be using Autobid which can fill loans very quickly (I'm not recommending that anyone should use Autobid.)
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voss
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Post by voss on Apr 5, 2017 8:31:44 GMT
But perhaps institutional investors or their brokers would prefer to see a greater deal flow before spending time on L; and even the wealthy have to watch their diversity/exposure.
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voss
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Post by voss on Apr 4, 2017 16:23:54 GMT
Typical, you wait days for a post from Paul and then three come along at once ...
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voss
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Post by voss on Apr 1, 2017 16:27:52 GMT
Agreed. When they miss a next day go live time, it looks like it was rushed at best or a DD oversight at worst. Why not just wait until all the DD etc is finished and then announce the go live date? This would not hold up going live by more than one day but would avoid failed go lives.
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voss
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Funding Circle (FC)
E-Alert!
Mar 28, 2017 15:45:40 GMT
Post by voss on Mar 28, 2017 15:45:40 GMT
I think that ticket buying bots are different from the bots that feed on Frilly Capers.
Ticket buying bot owners Can resell at any premium Often know ticket sale dates in advance Often have same owner as ticket primary selling sites Can buy tickets without limit set by the selling site ?Pay no fee to the primary selling site when reselling
FC bid bot owners Can resell at maximum premium of 3% Never know when next loan will go on sale Are different from FC owners Cannot buy more than 20% of a loan Have to pay .25% to FC when reselling
With differences like these, I can't see the same pressure on Friday Cafeteria to change its ways.
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voss
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Post by voss on Mar 22, 2017 20:30:37 GMT
What's the easiest/quickest way to find out the remaining time/days on this tranche, please? The details available via the Pipeline page say 0 days. Edit: Found it - the number of days remaining is in the relevant loan details under the Live Loans tab on the Loans page. Perhaps I should tell SS
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voss
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Post by voss on Mar 19, 2017 21:23:44 GMT
I asked for more but was allocated £15,700
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voss
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Post by voss on Mar 15, 2017 18:13:02 GMT
Never rely on anyone else to do something for you and never use middlemen - if only one could always stick to that.
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voss
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Post by voss on Mar 12, 2017 18:30:13 GMT
Here's a good one (may be an old one but I've only just noticed it): after clicking on My Loan Parts/More detail, see what all subsequent clicking on More detail or Less detail does. So at Friday Cafeteria more really does mean less
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voss
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Post by voss on Mar 8, 2017 19:34:17 GMT
"Why don't they test these changes after they've made them."
Possibly because they don't use Friday Cafeteria themselves. They might even be banned from doing any trading on the platform. Reminds of when I tried to talk to someone at Nationwide BS about clumsy aspects of their online banking/Flexaccount - the guy I was put through to had never had or used a Flexaccount himself.
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voss
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Post by voss on Mar 6, 2017 22:14:19 GMT
"sell a collection of £20 loan parts at a defined premium without ticking a thousand little boxes"
Ahh, life before FCviz ...
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voss
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Post by voss on Mar 1, 2017 17:05:10 GMT
Yes, hor, you have a special gift
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voss
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Likes: 84
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Post by voss on Mar 1, 2017 13:54:32 GMT
For loans drawn down on 29, 30 or 31 Jan, what date should we expect for first repayment? They chose 28 Feb rather than 1 March and what's wrong with that? I find it odd to be defending Fairly Casual but I can't see anything here that they have not foreseen and handled appropriately; just been a bit slow with some of the processing. Sorry if I've missed something.
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