|
Post by jevans4949 on Nov 27, 2013 13:42:26 GMT
Another approach would be to say that no loan parts (irrespective of how acquired) may be sold at a premium for, say, 3 months after the auction closes. This would discourage speculative buying to some extent, while allowing lenders to profit from a medium-term drop in interest rates.
Or you could say no loan part may be sold at a higher price than the buyer paid for 3 months after he acquired it - slowing speculative buying throughout the term. This could then limit speculative buying of loan parts offered at a discount.
|
|
|
Post by jevans4949 on Nov 27, 2013 10:07:58 GMT
Also, as I mentioned elsewhere, necessary for executors when market interest rates have risen since the loan was made.
In addition, it would be useful to have the ability to sell loan bids not yet drawn down
|
|
|
Post by jevans4949 on Nov 26, 2013 14:44:23 GMT
If interest rates begin to rise and/or funds become scarce, it may be necessary to allow for sales at a discount, both for lenders needing to liquidate their investment, and more particularly for executors after the lender's death.
|
|
|
Post by jevans4949 on Nov 25, 2013 12:02:37 GMT
I guess it depends how much you're investing as to how much due diligence you do. If you're putting in £10k-plus, then you'd put in more effort. If only £100, then 5-10 minutes skimming Assetz's documentation should be enough to decide if it's OK, or a potential can of worms - provided you trust Assetz.
It would be interesting to know the profile of the typical Assetz investor.
Edit: re batchboy's comment above: If all these latest auctions had been opened on Sunday, then the small punters who work during office hours could have placed bids - resulting in more happy punters.
|
|
|
Post by jevans4949 on Nov 25, 2013 11:23:46 GMT
Seems to me it would be good to open the auction immediately it's ready to post on the web site. This would avoid the feeding frenzy when it's opened, and Assetz could still contact the HNWIs in parallel - and even save themselves some effort in this regard.
|
|
|
Post by jevans4949 on Nov 22, 2013 18:35:59 GMT
That's Scottish Independence FAQ no. 9,387
|
|
|
Post by jevans4949 on Nov 20, 2013 17:50:49 GMT
Andrew: thanks for the explanation. Might I suggest that - The existence of the Gold Club is made prominent on the web site
- For loans under £100k, pre-bids are limited to 1% of the loan per subscriber.
|
|
|
Post by jevans4949 on Nov 20, 2013 10:49:51 GMT
I was out and about all day yesterday, so I would probably have missed this one anyway.
However, I do think it's a bit naughty that Assetz allow selected bidders (how selected is a mystery) to get in before the hoi polloi.
Why can't Assetz just open the auction immediately?
|
|
|
Post by jevans4949 on Nov 17, 2013 17:19:01 GMT
The auction has been crowned with success!
|
|
|
Post by jevans4949 on Nov 15, 2013 21:03:29 GMT
The way I read it, the main objective is to ensure that everybody has the same percentage of unlent money. So yes, this will favour those who have just put in a new deposit; chiefly it will mean that those with a larger overall deposit will always have a larger amount unlent.
I started with Zopa in September 2012, but started pulling money out when Safeguard became the only option.
The more time passes, the less Zopa looks like a P2P system to me.
|
|
|
Assetz Capital (AC)
L**DS C P
Nov 14, 2013 12:58:03 GMT
Post by jevans4949 on Nov 14, 2013 12:58:03 GMT
Could the dentist fill'in for the other one ? Hell no Any mention of dentisrt and filling in the same sentence brings me out in a cold sweat. Hopefully the dentist's advisors will know the drill.
|
|
|
Post by jevans4949 on Nov 14, 2013 12:49:25 GMT
Thanks. elljay, I'll try that.
|
|
|
Post by jevans4949 on Nov 13, 2013 15:55:42 GMT
Seconded!
Also if notifications could be turned on or off on a per-thread basis, so you can follow a discussion, or stop following if it goes off-topic from your original interest.
|
|
|
Post by jevans4949 on Nov 13, 2013 14:35:09 GMT
Is it just my old netbook and low-speed broadband, or do others find the editor slow? I'm just a fast hunt-and-pecker; what's it like for touch-typists.
|
|
|
Post by jevans4949 on Nov 13, 2013 14:00:52 GMT
It's for Cornish holiday home owning folk.
Not folk bands.
Or humble fisher-folk.
|
|