dorset
Member of DD Central
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Post by dorset on Sept 17, 2017 17:58:57 GMT
Job done. Last £2k invested today in mix of A/B/C/Ds avoiding the 50%  loan parts. Now invested in 1675 separate businesses. Sit back and withdraw daily. Questions is to where?? |
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Post by grahamreeds on Sept 18, 2017 7:20:13 GMT
Why sell at zero yesterday when you can sell at zero today?
I had £650 sat there waiting to be spent but very little appeared (old D and C loans ~13%).
Today those holding hundreds of E loans will probably be selling up at par.
Time to see how borken the FC autobid V2 model is...
Right, once it starts buying how can we check it is hitting the 7.5%?
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SteveT
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Post by SteveT on Sept 18, 2017 7:24:42 GMT
Right, once it starts buying how can we check it is hitting the 7.5%? Easy. Just wait 4 or 5 years and take a look at your post-recoveries annualised return.
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al
Posts: 49
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Post by al on Sept 18, 2017 8:31:51 GMT
Curious you don't get to see the new loans any more. I know you can't choose, but it would be nice to monitor the lending a bit. No doubt people will see a nefarious reason for this, too!
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blender
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Post by blender on Sept 18, 2017 9:05:55 GMT
Curious you don't get to see the new loans any more. I know you can't choose, but it would be nice to monitor the lending a bit. No doubt people will see a nefarious reason for this, too! Neither curious nor nefarious. They just do not want to expose the full details of the lending to public scrutiny - which only leads to trouble. The statistics page will be enough for the investor-lender they want. We can still see the loan book, for now.
We will be able to see which loan parts they choose to sell for us - can we deduce anything before Autobid strikes?
The main section to watch now is the 'recent loan comments'. Will they reduce the info to allow them to concentrate the resources on the lowest-hanging recovery fruit? I think so, after a decent interval.
RIP P2P
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al
Posts: 49
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Post by al on Sept 18, 2017 9:32:20 GMT
Curious you don't get to see the new loans any more. I know you can't choose, but it would be nice to monitor the lending a bit. No doubt people will see a nefarious reason for this, too! Neither curious nor nefarious. They just do not want to expose the full details of the lending to public scrutiny - which only leads to trouble. The statistics page will be enough for the investor-lender they want. We can still see the loan book, for now. So 'My Loan Parts' is on the way out? Will it be updated with new loans in the meantime, or is it now just an archive of pre-18th holdings?
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Post by grahamreeds on Sept 18, 2017 9:51:15 GMT
The loans you are forced to 'bid' on are on your summary page.
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blender
Member of DD Central
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Post by blender on Sept 18, 2017 9:58:26 GMT
Neither curious nor nefarious. They just do not want to expose the full details of the lending to public scrutiny - which only leads to trouble. The statistics page will be enough for the investor-lender they want. We can still see the loan book, for now. So 'My Loan Parts' is on the way out? Will it be updated with new loans in the meantime, or is it now just an archive of pre-18th holdings? I was not suggesting that 'My loan parts' is on the way out, just a content reduction of 'recent loan comments'. This is because 'recent loan comments' prompts interest and action from investors. You should still be able to see the loan parts chosen for you, and their status; what is for sale, what is live, what is not. It will be interesting to know what information you get about parts of new loans from today, as there is no visible auction page to link to. Perhaps no further info about the loan other than the loan book, or some thin info about the borrower and the loan? Some lucky purchaser of a new loan might let us know?
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al
Posts: 49
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Post by al on Sept 18, 2017 10:09:30 GMT
So 'My Loan Parts' is on the way out? Will it be updated with new loans in the meantime, or is it now just an archive of pre-18th holdings? I was not suggesting that 'My loan parts' is on the way out, just a content reduction of 'recent loan comments'. This is because 'recent loan comments' prompts interest and action from investors. You should still be able to see the loan parts chosen for you, and their status; what is for sale, what is live, what is not. It will be interesting to know what information you get about parts of new loans from today, as there is no visible auction page to link to. Perhaps no further info about the loan other than the loan book, or some thin info about the borrower and the loan? Some lucky purchaser of a new loan might let us know? Sorry, I misunderstood; I had not noticed the 'download loanbook' button. No info to offer yet - nothing from today in the just-downloaded loanbook. Autobid surprised me by grabbing a D part last night (it has bought me next to nothing since I started on Monday). But I expected all my balance (couple of hundred quid) to disappear today, when all the for-sale parts lost their premium and I was additionally obliged to invest in the new.
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blender
Member of DD Central
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Post by blender on Sept 18, 2017 10:41:33 GMT
The loan book is updated daily, and so if you download it today and download it again tomorrow, then you will be able to identify the loans accepted today. They are anonymised.
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al
Posts: 49
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Post by al on Sept 18, 2017 11:01:20 GMT
The loan book is updated daily, and so if you download it today and download it again tomorrow, then you will be able to identify the loans accepted today. They are anonymised. OK, thanks. Still puzzled by the lack of action on my balance. I had to 'resume lending', even though I had autobid on yesterday. If everyone has to make that active decision, a fair amount of available cash should still be 'asleep'.
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fasty
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Post by fasty on Sept 18, 2017 11:07:30 GMT
The only good aspect that I can detect is that if you feel you have been "dealt a duff hand" by FC, then (subject to liquid marketplace) it's possible to churn the whole lot and re-invest with no big penalty.
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Post by william0101 on Sept 18, 2017 12:16:36 GMT
The only good aspect that I can detect is that if you feel you have been "dealt a duff hand" by FC, then (subject to liquid marketplace) it's possible to churn the whole lot and re-invest with no big penalty. woot! I love it when someone thinks ahead. Someone buy that banana a beverage! Of course! Without selling fees if your auto-chosen portfolio is getting lazy you just sell the whole lot, let someone else's autobid pick it up, rinse and repeat until you get the prospective return you like and then turn off the auto-wotsits. Dunno if there is a post of the day here but for me that was it
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Post by william0101 on Sept 18, 2017 12:21:46 GMT
Yes, instead of one account with £100,000, have 100 accounts with £1,000 and churn the duff hands you are dealt. :> I think fasty's way is more elegant and a lot less work
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Stonk
Stonking
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Post by Stonk on Sept 18, 2017 12:33:01 GMT
Of course! Without selling fees if your auto-chosen portfolio is getting lazy you just sell the whole lot, let someone else's autobid pick it up, rinse and repeat until you get the prospective return you like and then turn off the auto-wotsits. I like it, but I think the wisdom of the forum may have just broken FC. Their infrastructure is run on a ZX81 (with 16K expansion cartridge) and can already barely keep up already, without having a bundle of lenders re-dealing their hands until they get lucky.
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loan parts. Now invested in 1675 separate businesses. Sit back and withdraw daily. Questions is to where??
