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Post by goldservice on May 21, 2015 11:26:23 GMT
... I know that Goldservice shared some data on A/A+ early closers in late 2014. Has anyone looked at this more recently? ... I put away my blunderbuss (with a sigh of relief as the amount of funds tied up and not earning interest was, I sometimes thought, making the chase pointless) in late 2014. The market dried up around the same time and early enders became less common.
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nick
Member of DD Central
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Post by nick on May 23, 2015 19:49:21 GMT
Thanks Goldservice. I always thought that having cash tied-up for days speculatively in the off chance of an early close would decimate the overall return - looks like your earlier experience confirms this.
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Post by GSV3MIaC on May 24, 2015 9:17:49 GMT
IME (although I do have a lot of property loan parts, not selling very fast) the real IRR I calculate is about half the one FC quote (the middle of their 3 numbers), however, again "in my case", it is still rather better than FC's average '1% diversified, buy and hold' number.
Whether early close fishing is worth it depends on how much effort it takes, and how much you value your (or your bot's) time. Doing it via FC's autobid is going to be pretty hopeless .. it will only bid 1% max (and you want to venture more, given how few succeed) and sometimes it doesn't even bid in time at all (while always having the risk of buying something on the SM which no sane person would want).
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