|
|
Post by william0101 on Sept 12, 2017 14:12:11 GMT
I think the big churn has begun
almost a quarter (23.2%) of my modest portfolio has been bought in the last 5 hours. I'd been working through it, setting sensible but show-a-profit prices for things I didn't mind keeping, par for those my gut said I didn't like and the rest at 2% or 3% depending on mood, i.e. everything was for sale at a price.
up until mid morning today there was a steady rate of sales as I considered each loan and set prices and then, sluuurp, a whole lot went and have kept on going. Not one buyer either, over 30 distinct names (could be diff accounts of same person I suppose but unlikely looking at the pattern).
Conversely I am struggling to find stuff to buy.
I won't have to sell up or dis-invest at this rate, I'll be bought out!
P.S. my portfolio is seriously skewed to the more exciting end of the interest rate spectrum.
|
|
rogerthat
Member of DD Central
Posts: 2,048 
Likes: 1,994
|
Post by rogerthat on Sept 12, 2017 14:42:00 GMT
More like a Klondike...in reverse. Exodus springs to mind...btw how can you like your own post ? a tad egotistical if I might be so bold  |
|
|
|
Post by william0101 on Sept 12, 2017 15:51:09 GMT
I was so excited at getting a good chunk of my money back at above par and at profit I pressed the button next to edit and then didn't unpress it. Hey, look on the bright side, some people pressed the buttons next to "buy this loan, it is a property loan" ... I'm not good at emoticons but I think one is normally placed about here.
In case I get reported for self abuse, yes, I did press the like button on my own post but I wasn't up-ranking it, it was a mistake. Most posts get read here anyway so there wouldn't be much point from a forum POV
|
|
rogerthat
Member of DD Central
Posts: 2,048
Likes: 1,994
|
Post by rogerthat on Sept 12, 2017 15:58:13 GMT
|
|
r00lish67
Member of DD Central
Posts: 2,692
Likes: 4,048
|
Post by r00lish67 on Sept 12, 2017 16:07:02 GMT
Plenty of activity at the lower rate end of the spectrum too - sold 300 odd loan parts today. Premiums pretty low on the whole, but at least no selling fees  make hay whilst the sun shines etc. |
|
treeman
Member of DD Central
Posts: 1,026
Likes: 557
|
Post by treeman on Sept 12, 2017 16:08:49 GMT
Blimey - just logged in to have a look ........ shade over 50% of my remaining stock has been hoovered up this morning - quite a bit fairly optimistically priced too. There I was planning a largish PAR clearout Friday/Saturday..... Proper div Ersity criminal now  |
|
r00lish67
Member of DD Central
Posts: 2,692
Likes: 4,048
|
Post by r00lish67 on Sept 12, 2017 16:16:56 GMT
In case I get reported for self abuse, yes, I did press the like button on my own post but I wasn't up-ranking it, it was a mistake. Most posts get read here anyway so there wouldn't be much point from a forum POV Just as long as you don't upload any pictures of your self abuse, I'm sure it'll be fine..
|
|
|
|
Post by yorkshireman on Sept 12, 2017 17:24:15 GMT
Returning to the title of this thread, never mind the cheese coagulating with the new set up, FC has had a whiff of an overripe Pont l’Eveque, Roquefort and Camembert rolled into one for some considerable time.
|
|
|
|
Post by thunderchild on Sept 12, 2017 17:50:23 GMT
I took the opportunity to try and sell off loans that were a bit larger than I was comfortable with and am surprised at how well they have done, I too stuck a bit of markup on them as if I get stuck with them it's not the end of the world as they are not over 0.5% of my capital but I guess the more I diversify the better. The flippers are selling out big time with some 20-21% E loan parts going for low rates as they all scramble to ditch the stock for some gain before all they can do is call the money out and then slowly lend it back in. At the moment there is the first E loan ever up for normal bidding, clearly the speculation is over.
|
|
|
|
Post by william0101 on Sept 12, 2017 21:23:09 GMT
and I have no  clue what that emoticon means if a mod gets to read this please allow the swearword and get rid of the stupid and meaningless face thing
|
|
seeingred
Member of DD Central
Posts: 470
Likes: 664
|
Post by seeingred on Sept 12, 2017 21:45:15 GMT
Half the people getting out, the other half piling in. What does each half know that the other doesn't?
As a fire-and-forget platform it could be worse.
I'm actually keeping my property loans - I don't care when they repay (so long as they do) and the extra 2% interest during later periods is welcome.
|
|
number5
Member of DD Central
Posts: 449
Likes: 98
|
Post by number5 on Sept 13, 2017 6:56:34 GMT
I am also keeping my property loans 9+ months. But I intend to sell out at 7/8 months rather than risk non repayment!
|
|
seeingred
Member of DD Central
Posts: 470
Likes: 664
|
Post by seeingred on Sept 13, 2017 9:29:03 GMT
The security of short dated property loans is OK if you check that the buildings are actually constructed, on the market and selling. I've checked Uxbridge and Shrewsbury recently - just a few phone calls to Estate Agents - and all seems to be well. The three Shrewsbury ones are now with another agent, not the agent originally mentioned in the loan description. But if you ring them they will pass you on to the new agent, having voiced regret they are no longer dealing with these properties. As usual, do not rely on what you read here, make your own enquiries.
I was told that the Uxbridge ones are largely sold to 'help to buy' purchasers - which says something about the housing market these days that people who are apparently struggling are aiming to buy such an expensive home.
|
|
number5
Member of DD Central
Posts: 449
Likes: 98
|
Post by number5 on Sept 13, 2017 9:40:37 GMT
That's why I am not interested in keeping anything until term.
I prefer the pre loaded interest payments as some security. Also I like the freedom of my money not tied down, waiting for late payments etc.
I sold off a lot of Uxbridge etc loans over the last couple of weeks
|
|
rogerthat
Member of DD Central
Posts: 2,048
Likes: 1,994
|
Post by rogerthat on Sept 13, 2017 10:15:25 GMT
Half the people getting out, the other half piling in. What does each half know that the other doesn't?
50% are not prepared to go down with the ship ?
|
|
make hay whilst the sun shines etc.
clue what that emoticon means