jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Mar 18, 2015 9:45:12 GMT
Thank you everyone for your outline of what a PMP might look like. I am pleased to hear that there might be appetite for such a product. As soon as the deal flow is ramped up sufficiently to accommodate the PMP then I will look at creating this. Kind regards, Ed. Thanks Ed. I'll await PMPs in the future with interest. As others have said. It is MoneyThing's willingness to work with their user community that separates you from the rest. I also predict a good future for Moneyhing. Moneyhing? ? Don't tell me The Shuang has launched a competitor
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Mar 18, 2015 10:11:02 GMT
Not cost effective for me though is it??? Your desire to keep each and every loan opportunity available to smaller lenders is understandable. However, if MT is to continue to grow to a point at which it is sustainable for smaller lenders over the long term, it also needs to be able to accommodate larger lenders. It would not be acceptable to them to be limited to the larger, more risky, and probably property-based loans that they would have to lend on at the present time in order to achieve any lending that was meaningful to them and worth their time to manage. The smaller lenders therefore need to accept that at some point in the probably not-too-distant future, some portion of the loans are going to have to be made available for larger lenders to participate in meaningfully. Otherwise the platform would stagnate, and that won't help anybody at all, whatever their portfolio size.
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oldgrumpy
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Post by oldgrumpy on Mar 18, 2015 10:23:21 GMT
Thanks Ed. I'll await PMPs in the future with interest. As others have said. It is MoneyThing's willingness to work with their user community that separates you from the rest. I also predict a good future for Moneyhing. Moneyhing? ? Don't tell me The Shuang has launched a competitor You should sue him (or Shu him)for choosing a "brand name" too similar to yours. Tell him that I suggest he call his platform "Cashuang".
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bugs4me
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Post by bugs4me on Mar 18, 2015 10:50:36 GMT
Not cost effective for me though is it??? Your desire to keep each and every loan opportunity available to smaller lenders is understandable. However, if MT is to continue to grow to a point at which it is sustainable for smaller lenders over the long term, it also needs to be able to accommodate larger lenders. It would not be acceptable to them to be limited to the larger, more risky, and probably property-based loans that they would have to lend on at the present time in order to achieve any lending that was meaningful to them and worth their time to manage. The smaller lenders therefore need to accept that at some point in the probably not-too-distant future, some portion of the loans are going to have to be made available for larger lenders to participate in meaningfully. Otherwise the platform would stagnate, and that won't help anybody at all, whatever their portfolio size. ramblin rose - couldn't agree more with your thinking on this and whilst initially the scrum may have been fun, sooner rather than later that fun wears off and I no longer participate. Reminds me of another platform although they've possibly gone too far the other way. Already the smaller loans are being repaid with a few pennies interest and I cannot see how MT can continue unless - as you have pointed out - they become involved in larger loans. ATM it is not financially meaningful to be involved and no doubt others may start to feel the same. Not my business so the ball is firmly in the MT court.
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mike
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Post by mike on Mar 18, 2015 14:15:01 GMT
Agree with these sentiments. I've spent more time investing a few hundred quid here that much larger amounts else where. There is a lot to like about MT but not this.
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