Auto Bid and Multi Tranche Loans (CP)

Badly Drawn Stickman
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Auto Bid and Multi Tranche Loans (CP) Oct 18, 2020 8:19:35 GMT Nomad and Ace like this

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Post by Badly Drawn Stickman on Oct 18, 2020 8:19:35 GMT

This was a snippet of another thread (which looked like it was still active, so didn't want to disrupt) link

Prompted partly by a tranche 6 loan next week, which after a quick look I am not in to date, so will probably invest.

Seems to me the current set up, as pointed out by puddleduck could lead to over exposure in some cases, accepting some will be unconcerned by that and others will not notice. Personally I would like a bit of control on exposure levels given an auto invest environment.

I am tagging CrowdProperty Representative as it may be something fairly easily addressed.

I can think of a few simple solutions, but suspect other may have better ideas.

There could just be a coded option that allows for selecting a maximum number of tranches (or possibly percentage) for all multi tranche loans. done globally this is then a one time choice. This does have an obvious downside for loan filling

A clear and easy actioned notification that you are already invested and may not wish to on individual loans. More flexibility but less foolproof.

Just as an aside, there are currently places available on the forum top table for platforms in this 'also rans' area. based on number of posts mainly I believe.

Last Edit: Oct 18, 2020 22:18:08 GMT by Ton ⓉⓞⓃ: To add "CP" to the title

puddleduck
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Auto Bid and Multi Tranche Loans (CP) Oct 18, 2020 11:20:43 GMT Ukmikk likes this

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Post by puddleduck on Oct 18, 2020 11:20:43 GMT

For context re: autoinvest / multi-tranche loans, my comments are here: p2pindependentforum.com/post/360586/thread

My policy is really just to avoid multi-phase development finance loans and ensure I use 'skip project' although I need to remember to skip multiple times if I have idle funds on the platforms - I would like to see a global 'skip' project option to completely opt-out of all phases.

Generally to avoid over-exposure over multiple phases this requires some manual intervention - it's hard to track what project you are invested in, so a strategy if you only want to invest once would be to invest in the first phase only - that makes it easier to keep track and you can skip subsequent phases knowing you are in the first phase without the need to cross check the investment list when additional phases are launched.

Auto-invest is useful, but there in no granularity in the controls, meaning that you can over-expose yourself over projects and borrowers, several who have multiple loans on the go at one time.

Badly Drawn Stickman
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Auto Bid and Multi Tranche Loans (CP) Oct 18, 2020 12:45:36 GMT Ukmikk likes this

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Post by Badly Drawn Stickman on Oct 18, 2020 12:45:36 GMT

Oct 18, 2020 11:20:43 GMT puddleduck said:

For context re: autoinvest / multi-tranche loans, my comments are here: p2pindependentforum.com/post/360586/thread

My policy is really just to avoid multi-phase development finance loans and ensure I use 'skip project' although I need to remember to skip multiple times if I have idle funds on the platforms - I would like to see a global 'skip' project option to completely opt-out of all phases.

Generally to avoid over-exposure over multiple phases this requires some manual intervention - it's hard to track what project you are invested in, so a strategy if you only want to invest once would be to invest in the first phase only - that makes it easier to keep track and you can skip subsequent phases knowing you are in the first phase without the need to cross check the investment list when additional phases are launched.

Auto-invest is useful, but there in no granularity in the controls, meaning that you can over-expose yourself over projects and borrowers, several who have multiple loans on the go at one time.

I had assumed there was a 'motherload' somewhere had a good look but couldn't find it (Given the thread title I would not have looked there).

Obviously the multi loan borrower is another point that comes into the equation. Realistically anybody just using auto bid (my plan) is trusting the CrowdProperty due diligence unless investing serious money (not my plan) at £50/100 a go its just not viable.

Clearly on other platforms this is where the 'black box' approach has done many a disservice. I have realised its the platforms as much as the loans that need due diligence.