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Post by buggeddylan on Sept 10, 2018 16:40:06 GMT
Can anyone tell me if there is a particular time of day that secondary market updates are posted to the site? I am looking to get invested but supply looks scarce at this time.
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empirica
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Post by empirica on Sept 10, 2018 17:02:22 GMT
Can anyone tell me if there is a particular time of day that secondary market updates are posted to the site? I am looking to get invested but supply looks scarce at this time. SM loans are added throughout the day as investors list them. Typically there aren't many _ I'd say 4 to 6 would be a reasonable estimate at an average number listed over the course of this year _ but rarely is it completely devoid of any offerings as it is now.
Hopefully you are familiar with the rules on SM listings which prevent loans from being listed once they reach 1 month to their term date. This has the effect of some loans getting regular listings at 2 months; 1 month 20 days; 1 month 10 days; etc, etc.
So, if you expect to be an 'SM hunter', keep an eye on those loans nearing redemption and work out if you fancy it. Doing your homework early will enable you to 'swoop in' on something you like the look at without pausing to do checks and potentially losing out.
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Post by buggeddylan on Sept 10, 2018 17:50:30 GMT
Thanks, empirica. That sounds like solid advice. I missed out on some this morning the way you described.
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michaelc
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Post by michaelc on Sept 10, 2018 21:33:51 GMT
Can anyone tell me if there is a particular time of day that secondary market updates are posted to the site? I am looking to get invested but supply looks scarce at this time. I'm curious to know why you prefer the sm over the pm?
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Post by buggeddylan on Sept 11, 2018 6:42:41 GMT
Can anyone tell me if there is a particular time of day that secondary market updates are posted to the site? I am looking to get invested but supply looks scarce at this time. I'm curious to know why you prefer the sm over the pm? At this time simply to avoid cash drag. Some might call it impatience!
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michaelc
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Post by michaelc on Sept 11, 2018 11:58:16 GMT
Most Fridays sometime in mid to late afternoon, there are normally two or three new loans posted.
Yes you can get invested quickly in the sm (not right now of course), but do be careful. Some loans might be there simply because the owner needs the cash but other reasons include there being an issue with the loan or perhaps it is just close to payback time which may add to the risk.
If you've got a lot more than a couple of loans you want to buy one now then appreciate this might be the only option but remember judging by the past 6 months or so, I'd expect you could get ten from the pm in a month if you wanted to.
And beware other lenders who might be quite happy for you to go in and mop up the sm.
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Post by buggeddylan on Sept 11, 2018 14:25:14 GMT
There's food for thought there, certainly, and I eagerly anticipate Friday's offering. Given that I do not require a completely certain exit date for investments I have put some weight into the platform's excellent record for recovery when considering loans approaching the full term.
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bababill
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Post by bababill on Sept 11, 2018 23:14:19 GMT
I quite enjoy earning default interest at 13.1% hence buying on the sm very often allows me to do rather then wait for the standard 6 months.
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ding
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Post by ding on Sept 16, 2018 12:55:01 GMT
There are no loans to buy on either PM/SM!
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SteveT
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Post by SteveT on Sept 16, 2018 17:15:13 GMT
There are no loans to buy on either PM/SM! Up until maybe 3 months ago, when new loan origination was ramped up significantly, that was “situation normal”
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michaelc
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Post by michaelc on Sept 16, 2018 18:06:48 GMT
There are no loans to buy on either PM/SM! Up until maybe 3 months ago, when new loan origination was ramped up significantly, that was “situation normal” Are we going to revert back once again as Brexit and mutterings of new general elections or referendums move up the news agenda? God help our LTVs if Carnie is anywhere near right (not that he has the best forecasting track record).
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phil
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Post by phil on Sept 18, 2018 5:14:41 GMT
Up until maybe 3 months ago, when new loan origination was ramped up significantly, that was “situation normal” Are we going to revert back once again as Brexit and mutterings of new general elections or referendums move up the news agenda? God help our LTVs if Carnie is anywhere near right (not that he has the best forecasting track record). Plenty of opportunity on BC for investments below 50% LTV and as for Carney he's almost as good in talking the country down as you are in slighting BC statistics
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IFISAcava
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Post by IFISAcava on Sept 18, 2018 7:32:17 GMT
Are we going to revert back once again as Brexit and mutterings of new general elections or referendums move up the news agenda? God help our LTVs if Carnie is anywhere near right (not that he has the best forecasting track record). Plenty of opportunity on BC for investments below 50% LTV and as for Carney he's almost as good in talking the country down as you are in slighting BC statistics yes, much better for the head of the UK's central bank to show blind optimism for the purposes of "talking the country up" rather than making a calm, collected and informed appraisal of the difficult economic head winds.
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tomp
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Post by tomp on Nov 16, 2018 9:14:04 GMT
2 renewals available now
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victors
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Post by victors on Jun 1, 2019 14:32:07 GMT
Never seen so many loans on the secondary market. Even one at a discount.
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