Witheld Interest & SM

One quick way of guessing at the liquidity of the SM (not wholly reliable!) is to look at the full list of loans, and in particular the "units available" column. If that shows zero then there are more buyers than sellers, so should be easy to sell; OTOH if you see a large figure there, selling will take a while. Remember that AC doesn't operate a queuing system for buying or selling - deals are spread across all willing participants.

ATM over half of the loans listed have zero available, so selling should be very quick for those. For others, less so.

I would respectfully suggest number5 that if you start investing in a loan that you are unwilling to hold to term it is a poor strategy. Perhaps you might begin by investing in loans that you feel confident to hold to term, and if this view changes, sell up (if you can).

Principal advance payments are further drawdowns of the facility ie outflows to the borrower, its just the way the AC system keeps track of them.

I think the chunks of interest relates to the different tranches as where they have drawn down at different points the interest wont be the same for each and lender holdings will be variably spread amongst the different tranches.  Overtime if you dont buy or sell a paticular loan I suspect they will all merge into one payment each month.

chris could you explain exactly how the interest works for these loans within the system?

There isnt really a PM on AC. When loans drawdown they are initially funded by the QAA or sometimes underwriters who then release the funds for the general lenders to invest in. Thats why when a loan initially launches lenders dont get any for a few days. The QAA & underwriters dont release the whole loan on to the market at once but as and when they need to realise funds within there individual objectives. So yes units availiable are effectively the secondary market, general lenders arent involved in the initial funding of the loan. Means there is no delay in drawdown and no uncertainty that a loan will be funded.

I have sold at a 1% discount a couple of times where i have bought into a loan and wanted to get back out and theres a big queue. So far i have cashed out within 24hrs - but i am talking about selling holdings of less than £500.- i tend to invest in most loans for diversification.

There are hardly any loans with discounts on the SM at any one time

I too Flipped just before the end on FC. it worked very well for me. 

The trouble is that the FC property development loans have gone, and not many are in AC. There are a few, but many of the loans here are slightly different, often more complex.- meaning that they can and do default or run into trouble earlier.  So flipping doesnt necessarily work. (or it might, but working out when to flip is harder !)

I am struggling to find anywhere with the loans FC used to have. Im still investing more in AC, but ive got a pile i took out of FC invested in Ac 30 day acccount ( as being, i hope, lowish  risk, but ok rate for that risk).  I was in lendinvest but rates there are lower than a year ago and in many cases too low to bother. Im with Lendy too but not much new coming through. 

so answers on where to invest very welcome....