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Post by spareapennyor2 on Dec 10, 2017 7:35:20 GMT
pick the smallest queue would help
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blueninja
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Post by blueninja on Dec 10, 2017 8:32:32 GMT
Generally the loans with more time left will sell quicker, as they are seen as less of a risk.
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jcb208
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Post by jcb208 on Dec 10, 2017 9:04:29 GMT
Sell down the older loans, with a small queue first as the ones with no queue will sell quickly .Forget about selling the ones with large queues If you want the money soon
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beechside
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Post by beechside on Dec 10, 2017 13:34:07 GMT
Sell in smaller chunks (say £500 at a time), especially if you have thousands in a single loan. That way, your cash flow is improved because you don't have to wait until the last 1p sells.
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sj
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Post by sj on Dec 10, 2017 14:53:20 GMT
Wait until just after midnight to sell, then you get almost 24 hours of listing time with no loss of interest.
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sj
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Post by sj on Dec 10, 2017 15:01:08 GMT
Also, it depends on what your requirements are. Do you just want to sell £x of your total investments, or do you want to sell everything? What sort of timescale do you have to raise £x in? Any you particularly want to keep/get rid of? Either way, the existing SM is a good indicator of what is not selling very well - if it's not on the SM then chances are there are people out there that want to buy more of it (or it is "suspended", which is a rant for another thread I suppose!). Going on the "recent investments" tab on each loan page can be a good indicator of how much is selling, if it's a rare loan to see on the SM (or if it is on the SM a lot and is very undesirable!) then the dates will be well spaced out, if it is popular then there will be lots of purchases on the same day or the day before - although if it's always on the SM but not a "bad" loan then people will buy small amounts on a regular basis. I do assume that if you look at the SM even infrequently, you'd have a rough idea of what is popular and what is not. In general, yes loans with lots of time can be more desirable, not always the case but there do seem to be a lot of folks (naming no names *COUGH*) that buy/sell based almost solely on that. 12% seems to be a popular thing to look for too (no names *COUGH COUGH*) You could always tell us the loans numbers you have and we can fight over who wants to buy your parts of course  |
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sl75
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Post by sl75 on Dec 10, 2017 16:12:49 GMT
One point that hasn't been explicitly stated on this thread is that when you put a loan part up for sale, this isn't "final" - although you lose all interest for the time it is on sale, you are able to cancel later provided that your loan part hasn't reached the front of the queue and partially sold.
If I'm needing to raise £xxx by selling loan parts I might put loan parts totalling a larger amount like £yyyy up for sale, and then check back which ones have ACTUALLY sold - the remainder can be cancelled once the funding requirement is met, and then start to earn interest again.
Often I'll have overshot the short-term funding requirement, and the balance can be re-invested in some other loan.
However, unless the funding requirement was EXTREMELY urgent, I'd tend to hold back the ones that will obviously sell very quickly (usually the case if there's no current queue on a loan that is able to be sold), in order to retain those for the next funding requirement that may be even more urgent.
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sj
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Post by sj on Dec 10, 2017 22:43:06 GMT
One point that hasn't been explicitly stated on this thread is that when you put a loan part up for sale, this isn't "final" - although you lose all interest for the time it is on sale, you are able to cancel later provided that your loan part hasn't reached the front of the queue and partially sold. Did Lendy not alter their code and stop people from getting back the interest before the month end in this way? I vaguely recall reading posts about it here a while back.
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webwizard
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Post by webwizard on Dec 10, 2017 22:46:31 GMT
I don't think you get the interest back, only that you restart earning it again from the moment that you cancel the sale.
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Post by eascogo on Dec 10, 2017 23:17:06 GMT
I don't think you get the interest back, only that you restart earning it again from the moment that you cancel the sale. I remember people cancelling sales the day before the cutoff point (last day of the month) but putting this back for sale on the first day of the coming month, this to preserve interest up to month end. Am I wrong? Have the rules changed?
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Mike
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Post by Mike on Dec 10, 2017 23:36:05 GMT
I don't think you get the interest back, only that you restart earning it again from the moment that you cancel the sale. I remember people cancelling sales the day before the cutoff point (last day of the month) but putting this back for sale on the first day of the coming month, this to preserve interest up to month end. Am I wrong? Have the rules changed? You're not wrong and the rules haven't changed per se. The rules never mentioned interest wouldn't be lost if sales were cancelled before month-end -- this was apparently a bug that lasted a long time to the benefit of lenders. But it's meant to have been fixed so now you do loose the interest by doing the described method --- but as has been stated this is thought to be lost at midnight daily (rather than, say, hourly).
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stokeloans
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Post by stokeloans on Dec 14, 2017 9:10:07 GMT
You have more chance of selling just after the monthly interest payment or when a loan has just repaid.
People don't like having uninvested money in their accounts
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sl75
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Post by sl75 on Dec 14, 2017 9:24:17 GMT
Anyone else nostalgic for when all the discussion was about tips for how on earth you could manage to BUY any loans?
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lofty
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Post by lofty on Dec 14, 2017 12:12:56 GMT
Anyone else nostalgic for when all the discussion was about tips for how on earth you could manage to BUY any loans? Yes, however, this was some time ago and at that time my portfolio comprised mostly of loans that now reside in the default loans tab!
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