Investor
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Post by Investor on Jul 21, 2014 11:28:09 GMT
RR Great minds......................
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Investor
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Post by Investor on Jul 21, 2014 11:27:30 GMT
Would be helpful if savingstream could either (a) include the maximum bid in the email/sms, (b) move the maximum bid info further up the web food chain, currently you only get to see it at the last minute when making a bid or (c) at a minimum confirm the percentage that all future maximum bids will be set at as a percentage of the loan value (I assume 2%). Also deposited £1k in the frantic rush to get in, did not want to chance going through to find out the maximum and miss out on one of these rare opportunities, and then retrospectively found that there was a £500 threshold.
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Investor
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Post by Investor on Jul 21, 2014 10:11:13 GMT
And at the end I see somebody has put in two £500 bids - I was suspecting some people were abusing the system that way when I saw a lot of multiple bids, but without being able to see the whole history couldn't be sure. But that last pair pretty surely are. I sure hope SS are going to unwind any of those where the multiple bids add up to more than £500. Edit: Only 'cos I'd have done it myself if I thought I could get away with it RR Purely as a an experiment I tried placing a second bid after my £500 bid had gone through. Obviously just to test that SS had the system working. I would have happily then SM'd it over to Old Grumpy. Had a message that I could not place the second bid as I had exceeded the 24 hour limit. Basically 'computer says no'. No idea how p**l got two in unless they are separate accounts.
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Investor
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Post by Investor on Jul 21, 2014 9:36:37 GMT
New boaty loan has just gone live, annoyingly after I have just requested a withdrawal because nothing was happening! Thanks Mark Would have missed this one if I hadn't spotted it on here
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Investor
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Post by Investor on Jul 20, 2014 14:15:26 GMT
Believe it was a single offer of £50k at 6.0%. When it first showed up it was a single offer. Wonder where that came from . Certainly is affecting the rate, we would be half way through the 6.3 offers and moving close to 6.4 if it were not for that loan. Weird isn't it as money I transferred on Friday still isn't available to me. Also noted that when it was invested this morning, there were no offers at 6.1 so sounds like some timed pre-bid type thing to me. looks like we may be evening out the weekend spikes
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Investor
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Post by Investor on Jul 18, 2014 14:56:53 GMT
Quick question for the mathematicians/statisticians. I make two simultaneous offers in RS 5 year term. First offer at 6.2%, second one at 6.3%. The first offer is matched same day, the second offer at 6.3% is eventually matched after x days in the market. Where is the break even point for x that would have made originally loaning the 6.3% at 6.2 % with the initial offer return the same total value. Basically for a 0.1% increase, how long can an offer stay on the market before the increase rate return is exceeded by the draw-down delay loss? Have done the maths but would appreciate a double check. Thanks
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Investor
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Post by Investor on Jul 17, 2014 10:48:26 GMT
Another new (to me) P2P lender has popped up on the boards banner ads - QuidCycle (www.quidcycle.com). I haven't signed up and there's limits to what you can see without logging in, but it seems to be a preachier version of RateSetter (RS's model of market+provision fund, but they offer to cut borrower's credit cards up and "educate" them about eliminating their debt). Is anyone already a member, if not I'll volunteer to create an account and have a look round. Be interested to get some more information on them if you do Mark. Quite like their 'ethical' slant and would be interested to see how it is actually deployed. Only immediate flag for me which seems to be the default for all start ups is their two borrower testimonials on the website. One loan for £8.3k and one for £10.4k both have fully paid off their debts and both 'because of the lower interest rate from Quidcycle' were able to pay their debts off 6 months early. This would seem to imply that they must have been operating for some time to have had some of the debts fully repaid. Would be interested to see what their total loan book quantity is, when their first loan was made, and what the current loan pipeline looks like.
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Investor
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Post by Investor on Jul 17, 2014 9:04:06 GMT
The forum I used to be on had a 'like', 'dislike' and 'apathetic' button available on every post. Could never be bothered to use the third one
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Investor
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Lendy (L) in Administration
suggestion
Jul 15, 2014 18:01:55 GMT
kermie likes this
Post by Investor on Jul 15, 2014 18:01:55 GMT
Could savingstream also look into putting a 'Max Term Remaining' column within the Dashboard\Live Loan Parts tab. Would be nice to see what is coming close to completion or potential renewal without visiting each loan page separately. To be honest I would not be worried if it replaced the 'Rate' column all the time that remains a fixed number. P.s. It's 12
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Investor
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Post by Investor on Jul 15, 2014 11:03:45 GMT
Just looking at the rate of loans coming through on the platform, 3 in May, 0 in June, and only 1 so far in July. Anyone have any views on whether we should anticipate a seasonal demand for loans on the SS website. Not a marine type myself however as a layman's view would think it likely that should I require to re-capitalising an investment on a boat, and given that I would not have access to the boat throughout the length of the loan, I would be far more likely, situation permitting, to enjoy the asset during the summer and look to realising the loan in late autumn. If any sailor types out there can add to these thoughts it would be appreciated so I can plan a strategy for loans/platforms for the rest of the year. This is of course assuming all other platforms do not have any significant seasonal adjustment other than traditional high-days and holidays. Separately the new savingstream T-shirts are now in stock as per the many requests I have received. Have had to leave the logo off to avoid copyright infringements but they will be available in sizes s,m,l,xl, and 6xl from all leading high street clothing retailers (except Selfridges). I anticipate savingstream also supplying all new investors with one as part of their platform welcome pack.
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Investor
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Post by Investor on Jul 15, 2014 8:39:09 GMT
Excellent debeast, I have a cat/dead cat that would find/not find that very amusing
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Investor
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Post by Investor on Jul 14, 2014 18:19:38 GMT
Mark Not sure if you are referring to buy to let p2p investments (I have none) or buy to let physical bricks and mortar (I have a few, and can offer some thoughts)
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Investor
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Post by Investor on Jul 14, 2014 12:27:21 GMT
I agree that RS appears to offer reasonable security in the P2P scenario, however and I’ve said this before, I’m not impressed by the rates. When they eventually return to 6%+ for 3 years and 7.5%+ for 5 years I will take another look at RS. Until then I prefer to continue down the secured property route disposing of the loans when I see an opportunity and eventual complete exit as I believe that the property market is heading for a medium term collapse which will make the 2008 to 2013 falls pale into insignificance.
Interested in your thoughts on the 'medium term collapse'. Is this based on when Carney eventually pushes the button on interest rate rises, with many squeezed incomes unable to support the increase or the 1.3m people with significant shortfalls on interest only or failing endowment policy based mortgages that come to term between now and 2020, with a significant number of those properties then flooding the market or the gradual increase in Loan to Income which is now pushing 12% at 4.5x or above LTI or do you have other thoughts as to why you anticipate a medium term collapse/re-aligned of house prices. Thoughts much appreciated
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Investor
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Post by Investor on Jul 12, 2014 16:33:05 GMT
And then although the article mentions a 6% five year rate at RS, immediately following the article in a box marked 'SAVINGS DEAL OF THE WEEK' is an advert for Zopa offering at 5 year fixed rate deal at 5.2%. Perhaps the RS Press Officers bonus can come out of the bonus for the marketing department
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Investor
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Post by Investor on Jul 11, 2014 18:53:32 GMT
Mine is ok now enzed. Might be worth trying again
And many thanks to the Admins and Mods for their efforts on this
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