|
|
Post by william0101 on Sept 15, 2017 21:02:37 GMT
Al, you have just given the reason why botters are *not* the reason for the 18th changes. It would be a SMOP (simple matter of programming) for FC to have given the existing autobid priority. They chose not to.
Thunderchild I hope you read this too.
|
|
al
Posts: 49 
Likes: 13
|
Post by al on Sept 16, 2017 7:13:53 GMT
Al, you have just given the reason why botters are *not* the reason for the 18th changes. It would be a SMOP (simple matter of programming) for FC to have given the existing autobid priority. They chose not to. Thunderchild I hope you read this too. Yep, from my brief experience it would appear to be pretty straightforward to deal with 'bots in several perfectly equitable ways without a significant change of business model. Still, I'm now 20p up, despite accidentally paying premiums 'cos I'm clumsy. Time to break out the stogie I've been saving for just such an occasion!
|
|
rogerthat
Member of DD Central
Posts: 2,048
Likes: 1,994
|
Post by rogerthat on Sept 16, 2017 9:41:31 GMT
"It would be a SMOP (simple matter of programming) for FC to have given the existing autobid priority" Not FC's strongest suit Id suggest
|
|
voss
Member of DD Central
Posts: 153
Likes: 84
|
Post by voss on Sept 16, 2017 10:06:11 GMT
Perhaps Farming Commissions loved the bot runners because they knew that they would offload their stock quite quickly and pay 0.25% fees. Follow the money ... why would they use programming to kill this golden goose?
|
|
al
Posts: 49
Likes: 13
|
Post by al on Sept 16, 2017 19:14:01 GMT
Perhaps Farming Commissions loved the bot runners because they knew that they would offload their stock quite quickly and pay 0.25% fees. Follow the money ... why would they use programming to kill this golden goose? Granted, though didn't they get rid of sell fees? Don't know when; I'm new round here.
|
|
voss
Member of DD Central
Posts: 153
Likes: 84
|
Post by voss on Sept 16, 2017 20:18:55 GMT
Sale fees were abolished on 21 August - at the same time that the end of auctions, and therefore the end of bots and flipping, was announced. So they kept the sale fees there for as long as they could.
|
|
|
|
Post by thunderchild on Sept 16, 2017 21:30:57 GMT
Al, you have just given the reason why botters are *not* the reason for the 18th changes. It would be a SMOP (simple matter of programming) for FC to have given the existing autobid priority. They chose not to. Thunderchild I hope you read this too. I don't understand but yes indeed an E loan sat on the system all day, previously I've never even seen one but now the flippers are not 100% funding them in an instant with software and then listing all the parts for sale they have to wait for real money to fund them.
|
|
|
|
Post by thunderchild on Sept 16, 2017 21:39:07 GMT
I have just sold off £1000 out of £5000 (need the cash) and started with an expected rate of 8.5%, during the sale that took minutes it dropped as low as 8.4% but has come back up to 8.4% which is good, I've got my money but not been stripped of all the juicy loans.
|
|
|
|
Post by thunderchild on Sept 16, 2017 21:41:20 GMT
Oh I spoke too soon, couple of parts left to sell still and now it's all over it's back to 8.5% expected return rate just as it was before starting. I'm happy.
|
|
treeman
Member of DD Central
Posts: 1,026
Likes: 557
|
Post by treeman on Sept 17, 2017 9:28:26 GMT
Well, that's it - last sellable now sold without having to drop to par. Withdrawal requested. Just a couple of 'gone nasty' and one RBR but paying left. Can't complain - double digit XIRR over the last 30 months.
Will give it a year or so to see how the 'new' things seem to be panning out ...... maybe worth it as a 'fund and forget' in the future.
Remainers - Good luck, y'all !
|
|
IFISAcava
Member of DD Central
Posts: 3,692
Likes: 3,018
|
Post by IFISAcava on Sept 17, 2017 10:06:54 GMT
Well, that's it - last sellable now sold without having to drop to par. Withdrawal requested. Just a couple of 'gone nasty' and one RBR but paying left. Can't complain - double digit XIRR over the last 30 months. Will give it a year or so to see how the 'new' things seem to be panning out ...... maybe worth it as a 'fund and forget' in the future. Remainers - Good luck, y'all ! a 7.5% fire and forget ISA is - for me - a no brainer as part of a diversified p2p portfolio. I'm straight in when it's available. If - big if - you managed to somehow get a full 12% on L/MT/Coll etc., you'd still be earning less after 45% tax and you'd have had to spend a LOT of time getting there.
|
|
ashtondav
Member of DD Central
Posts: 1,814
Likes: 1,092
|
Post by ashtondav on Sept 17, 2017 10:49:03 GMT
Spot on cavalier. The only better option will be to buy into the FC investment trust when, in the depths of the next credit crisis it slumps to a 20% discount. Then sell when it reaches par and switch to the FC account. There will be some money to be made in the next year or two!
|
|
IFISAcava
Member of DD Central
Posts: 3,692
Likes: 3,018
|
Post by IFISAcava on Sept 17, 2017 10:59:07 GMT
Spot on cavalier. The only better option will be to buy into the FC investment trust when, in the depths of the next credit crisis it slumps to a 20% discount. Then sell when it reaches par and switch to the FC account. There will be some money to be made in the next year or two! adds some risk in timing, and when is the right time to buy/sell wrt discount, plus of course dealing fees to take edge off returns, but drip feeding to use pound-cost averaging could be a way to maximise benefit from that approach. Indeed, why not do both?
|
|
treeman
Member of DD Central
Posts: 1,026
Likes: 557
|
Post by treeman on Sept 17, 2017 11:58:47 GMT
Well, that's it - last sellable now sold without having to drop to par. Withdrawal requested. Just a couple of 'gone nasty' and one RBR but paying left. Can't complain - double digit XIRR over the last 30 months. Will give it a year or so to see how the 'new' things seem to be panning out ...... maybe worth it as a 'fund and forget' in the future. Remainers - Good luck, y'all ! a 7.5% fire and forget ISA is - for me - a no brainer as part of a diversified p2p portfolio. I'm straight in when it's available. If - big if - you managed to somehow get a full 12% on L/MT/Coll etc., you'd still be earning less after 45% tax and you'd have had to spend a LOT of time getting there. Agreed - if it all seems to work as expected I may well drop some into an ISA next year. Tax currently isn't much of an issue for me, I'll continue to play high return russian roulette for now 
|
|
|
|
Post by william0101 on Sept 17, 2017 17:45:44 GMT
I kept a few hundred pounds back after my big tidy thinking there might be some activity (bargain hunting for me) this evening but it is looking very quiet at the higher interest rate end where I play. Maybe the bigger lads and lasses really did make their moves shortly after the announcement and haven't bothered since.
|
|
