jamesc
Member of DD Central
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Post by jamesc on Dec 21, 2016 18:46:45 GMT
With these repayments and loans going live all at once we are going to have lots of messed up accounts either with large negative balances or surplus funds.It's going to be very hard to predict what we will end up with My best guesses of max allocations are
DFL001 £400-500
DFL008 £200-300
DFL011 £1500-2000
DFL012 £4000-5000
PBL055 As much as you want
PBL056 £2500-3000
Any advances anyone ?
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Jeepers
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Post by Jeepers on Dec 21, 2016 18:47:08 GMT
Looks like there's a few on here who don't like sharing!
I'm looking forward to getting a piece tmrw 😆
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Post by Deleted on Dec 21, 2016 18:49:22 GMT
Why don't I get these emails? The Email Preferences don't cover them, and all I can find is a SMS option, which I don't want, and doesn't seem to be the level of detail in these emails. If I set pre-funding default to £500, these rapid changes could lead to large debits on my account. If I ignore the requests for top-up, I assume my allocations just drop back into the pool in a day or so. Would these repeat default in INPL affect my reputation on the site? Why doesn't the pipeline table have a column with the expected go-live date, once known? I seem to be spending all too much time micro-managing my loans, and I'd much rather just drop £1000 in occasionally and let repayments/prefunding handle itself, with my just setting a diversification target with my prefunding limit. John Is the email in your junk folder?? Mine often ends up there!! If you want to drop the money and leave the platform to it perhaps choose another platform  Bondmason perhaps .....
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Post by Deleted on Dec 21, 2016 18:51:30 GMT
Looks like there's a few on here who don't like sharing! I'm looking forward to getting a piece tmrw 😆 As a small investor I won't really be affected by the rollover/reinvest debate but personally I feel for anyone who has sat religiously on the SM picking up bits and pieces only to share lose it all in a loan restructure to those simply pipelining!
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twoheads
Member of DD Central
Programming
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Post by twoheads on Dec 21, 2016 18:56:39 GMT
Why doesn't the pipeline table have a column with the expected go-live date, once known? Very good idea.
Someone (can't remember who at this moment) also suggested a column for the number of days in the summary on pipeline loans.
savingstream, How about a couple of extra columns in the pipeline loans list: - Number of days to term
- Expected go live date
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p2p2p
Member of DD Central
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Post by p2p2p on Dec 21, 2016 19:08:47 GMT
Why don't I get these emails? The Email Preferences don't cover them, and all I can find is a SMS option, which I don't want, and doesn't seem to be the level of detail in these emails. If I set pre-funding default to £500, these rapid changes could lead to large debits on my account. If I ignore the requests for top-up, I assume my allocations just drop back into the pool in a day or so. Would these repeat default in INPL affect my reputation on the site? Why doesn't the pipeline table have a column with the expected go-live date, once known? I seem to be spending all too much time micro-managing my loans, and I'd much rather just drop £1000 in occasionally and let repayments/prefunding handle itself, with my just setting a diversification target with my prefunding limit. John Is the email in your junk folder?? Mine often ends up there!! If you want to drop the money and leave the platform to it perhaps choose another platform ;) Bondmason perhaps ..... No emails in Spam or bin on gmail. I want more control (and much better rates!) than hands-off Ratesetter, and like the cost free secondary market here (unlike FC's 0.25% tax), but I want to be able to micro-manage sometimes, and leave it on auto-pilot for others. Obviously that involves less due dilligence, but I'd counter that with wide diversity. My ideal platform would allow me to say "Try to get me no more than £500 in as many loans as possible, never negative time, returns down to 11%", and I could let it run. As we don't have a bot system for that, I'd not mind manual adjustments occasionally. but not daily. I think 3 p2p platforms is enough for the moment.
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Liz
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Post by Liz on Dec 21, 2016 19:35:00 GMT
The pipeline has gone mental. So much for time to do DD!
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Post by bracknellboy on Dec 21, 2016 19:55:49 GMT
So more "Student accommodation in B*****", with the borrower being M********. How many students are there in B**? And a pattern emerging here: why was this one not picked up by MT ? Size ? Or something else ?
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Post by Deleted on Dec 21, 2016 19:56:12 GMT
Is the email in your junk folder?? Mine often ends up there!! If you want to drop the money and leave the platform to it perhaps choose another platform Bondmason perhaps ..... No emails in Spam or bin on gmail. I want more control (and much better rates!) than hands-off Ratesetter, and like the cost free secondary market here (unlike FC's 0.25% tax), but I want to be able to micro-manage sometimes, and leave it on auto-pilot for others. Obviously that involves less due dilligence, but I'd counter that with wide diversity. My ideal platform would allow me to say "Try to get me no more than £500 in as many loans as possible, never negative time, returns down to 11%", and I could let it run. As we don't have a bot system for that, I'd not mind manual adjustments occasionally. but not daily. I think 3 p2p platforms is enough for the moment. Ummm you don't ask for much .... all the interest .... none of the effort! Bondmason offer 7% hands off ... otherwise you'll have to get your hands dirty for 10%+ You can just prefund every loan on SS with interest down to 9% and sell on unwanted shortly after as the SM is currently highly liquid!
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mikeh
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Post by mikeh on Dec 21, 2016 21:50:57 GMT
So more "Student accommodation in B*****", with the borrower being M********. How many students are there in B**? And a pattern emerging here: why was this one not picked up by MT ? Size ? Or something else ? This is the development phase and will take out the MT loan. Yes with a GDV of £18m it's a bit big for MT.
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twoheads
Member of DD Central
Programming
Posts: 1,089
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Post by twoheads on Dec 21, 2016 21:57:57 GMT
The pipeline has gone mental. So much for time to do DD! Mental is a good word for it.
Highest number of loans and probably also highest total value I've seen in the pipeline. (I've been investing for only a few months but watching SS for a couple of years prior to investing.)
As you may have seen, I've been making an attempt to help with DD w.r.t. the three pipeline Hampshire Dorset loans. This is my first real foray into helping out with DD. I hadn't realised how difficult and time consuming a DD investigation can be, and how many blind alleys there are. I may not have been much help with the Hampshire Dorset campsites but it's a start.
As you say: when the pipeline goes mental the DD does too. There's so much information in the ether and so many posts... often crossed... it's tricky, but fun also.
It has been an interesting start to my efforts on DD. Mistakes, but hopefully a few contributions also.
It's another ruddy learning curve to negotiate!
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arbster
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Post by arbster on Dec 22, 2016 8:16:12 GMT
Even by SavingStream's standards the past couple of days has been a bit shambolic. And I still can't work out what kind of property development projects suddenly realise 3 days before Christmas that they need an additional tranche of funding, let alone 4 on the same day. I would have expected a properly managed project to know their cashflow needs weeks in advance, and if they don't need the money why rush in additional borrowing just before (presumably) everyone stops working for about a week?
If I was a real cynic I'd say SavingStream saw that the pre-fund on the caravan parks was insufficient so decided to pull them and release them just after the interest payments in January, then tried to avoid a mass withdrawal by those who had freed up capital by pushing some other loans through more quickly. Whatever the reason, it all feels too slapdash and shoot-from-the-hip for me, which makes me too nervous to maintain my current level of investment here. I'll be running down my holdings from here on.
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SteveT
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Post by SteveT on Dec 22, 2016 8:40:03 GMT
So more "Student accommodation in B*****", with the borrower being M********. How many students are there in B**? And a pattern emerging here: why was this one not picked up by MT ? Size ? Or something else ? This is the development phase and will take out the MT loan. Yes with a GDV of £18m it's a bit big for MT. Er, which loan is this that you're discussing? I don't see a "Student accommodation in B*****" in the Pipeline.
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hantsowl
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Post by hantsowl on Dec 22, 2016 8:50:56 GMT
This is the development phase and will take out the MT loan. Yes with a GDV of £18m it's a bit big for MT. Er, which loan is this that you're discussing? I don't see a "Student accommodation in B*****" in the Pipeline. Probably the "R******* R***, B*******" DFL.
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SteveT
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Post by SteveT on Dec 22, 2016 9:19:07 GMT
Er, which loan is this that you're discussing? I don't see a "Student accommodation in B*****" in the Pipeline. Probably the "R******* R***, B*******" DFL. Ta, brain fade on my part.
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Bondmason perhaps .....
