dzo
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Post by dzo on Mar 21, 2017 18:38:22 GMT
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dzo
Member of DD Central
Posts: 158
Likes: 150
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Post by dzo on Mar 20, 2017 20:05:59 GMT
This is all part of the plan to rebrand as Symmetry Stream.
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dzo
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Post by dzo on Mar 20, 2017 18:29:16 GMT
I don't know why people think the number of loans in the default tab makes any difference. Under the old policy most of them wouldn't be there, but they'd be just as risky.
Whether a loan is more than 180 days overdue is a fairly arbitrary definition of default.
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dzo
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Post by dzo on Mar 18, 2017 14:52:03 GMT
I've just had a look at his blog. Why do these early retirement blogs always sound like they're trying to sell you a bridge? It makes me sceptical of their advice even if it otherwise seems perfectly sound.
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dzo
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Post by dzo on Mar 18, 2017 13:06:26 GMT
I don't think SS time launches to coincide with repayments. Their past behaviour suggests they're not as panicky about SM liquidity as we are.
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dzo
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Post by dzo on Mar 17, 2017 18:53:24 GMT
I'm a highest rate payer so can't make any more pension contributions as I've already come up against my tapered pension allowance. 17k tax free is unbelievable. I'd need to earn 38k through blood, sweat and toil to get that net, and it would obliterate my pension annual allowance. It sure is easier making money from investments than from working. Indeed. In the UK, income is taxed quite heavily compared to wealth/investment income. I know we're all here to earn investment income, but really it should be the other way around. If I was in the same position as hazellend I'd just retire and the economy would lose a productive worker.
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dzo
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Lendy (L) in Administration
Allocation
Mar 17, 2017 7:53:17 GMT
Post by dzo on Mar 17, 2017 7:53:17 GMT
The usual rule of thumb is loan amount divided by 2200, but it depends how many investors want it and how much they want. In the recent DFL2017 you could have had an allocation of £2m.
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dzo
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Post by dzo on Mar 15, 2017 21:32:00 GMT
I'm surprised the forum hasn't made more of DLF017's ups and downs today. The plunge in available loan parts looks far to dramatic to be explained by normal sales. Did SS underwrite a chunk of it themselves, or are the figures reported on the website just not accurate? Neither of these possibilities inspires confidence. Somthing has happened; as @new2p2p notes, there was no activity to account for dramatic fall Possibly some 3rd party underwriting; also, SS do have bonds being sold in the background, so maybe they have placed some weight towards this loan. Maybe Lendy have provided some underwriting... Ah, I forgot about the mysterious bonds. Maybe that's why SS are so confident in offering lower rates.
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dzo
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Post by dzo on Mar 15, 2017 21:24:14 GMT
I'm surprised the forum hasn't made more of DLF017's ups and downs today. The plunge in available loan parts looks far to dramatic to be explained by normal sales.
Did SS underwrite a chunk of it themselves, or are the figures reported on the website just not accurate? Neither of these possibilities inspires confidence.
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dzo
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Post by dzo on Mar 15, 2017 21:21:22 GMT
Maybe I'm just missing it but there doesn't seem to be any way to see what premium/discount your SM loan parts sold for. It would also be nice if the loan IDs on the secondary market history page were links.
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dzo
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Post by dzo on Mar 14, 2017 19:32:08 GMT
Maybe....maybe not. Depends on how you try to grab your slice. If you refresh the available loans page waiting for the items to show then good luck getting anything with low allocation. I have windows open on the actual items BEFORE 09:00 and refresh those windows instead. This allows me to enter the amount on first refresh for each item. I put this down to logic rather than luck 😉 Like on MT you mean. I thought I tried that a while ago and decided it didn't work but that was back in the day when launch times were less accurate. I will have another go tomorrow. That's the only way I've ever been able to get anything on MT.
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dzo
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Post by dzo on Mar 14, 2017 19:22:16 GMT
I intended to buy some of this despite the scepticism of other posters, but when I logged on at 11:02 it was all gone. Is that a FS record?
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dzo
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Post by dzo on Mar 12, 2017 18:01:26 GMT
When they do it'll be a game changer for the SM. Non-ISA investors will be able to sell at par to ISA investors and both will win.
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dzo
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Post by dzo on Mar 12, 2017 17:56:17 GMT
Hopefully that will happen. If this one fills, it's hard to see why SS would ever offer us 12% again. New 13% loan in the pipeline, residential, LTV 62%. And I just saw a pig fly I checked the pipeline just in case.
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dzo
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General P2x Discussion
Bot crime!
Mar 12, 2017 17:02:23 GMT
Post by dzo on Mar 12, 2017 17:02:23 GMT
This is vastly different to the more general bot scenarios, eg where people write scripts to automate their bidding on a marketplace. I'm not sure that it IS "vastly different". In both cases the motive is to acquire a scarce commodity for personal financial gain. In the case of tickets they are trying to buy up the whole market so they can resell at a premium. Most P2P platforms only allow selling at par. People are using bots to beat others to loans they actually want. That being said, I don't know why people complain about tickets touts. They are only able to operate because venues sell tickets at below market value. It's like football fans complaining about high tickets prices, but then filling the stadium to capacity anyway.
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