sl75
Posts: 2,092 
Likes: 1,245
|
Post by sl75 on Jan 4, 2016 9:07:46 GMT
Of the 8 different buyers who took loan parts from me yesterday and today (all of them at par value, and mostly at buyer rates near 8%), not a single one took a loan part smaller than £40, and around 75% of the value transferred was in loan parts in the £250 to £500 range (to 3 different buyers). If I weren't reluctantly (but no faster than necessary) liquidating my portfolio right now, I'd be re-investing in discounted loan parts on the SM as we speak - there are loads offered at discounts up to 1.5% that I would estimate will almost certainly be selling increasingly quickly at par during the Christmas break.The only loan at -1.5% is Harley3 [Edit thanks Acky that should be Henley], which came with 3% cash back. Great if you want 8% for a long time. I think there'd been Harley St and Henley kicking around at similar discounts back in mid-december when that was written.... As of right now, there are no loan parts of any loan offered at a discount larger than 0.5%, and of those offered at exactly 0.5% discount, only 2 are smaller than £500, and neither of these are from property loans. Anyone who hoovered up those parts at a 1.5% discount could certainly have had the opportunity to sell at 0.5% discount even if they were unable to sell all of them at par yet. Although the big clear-out wasn't quite to the extent I'd anticipated, it doesn't seem all that far off to me - the number of loan parts remaining available for sale at or below par seems to me about half what it was a month or two ago. Personally, my Harley St and Henley sales seem to have been broadly keeping pace with sales of everything else - my diversity criminality ratio has hovered around 10% despite overall portfolio size falling substantially.
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Jan 4, 2016 9:43:34 GMT
Anyone who hoovered up those parts at a 1.5% discount could certainly have had the opportunity to sell at 0.5% discount even if they were unable to sell all of them at par yet. Although the big clear-out wasn't quite to the extent I'd anticipated, it doesn't seem all that far off to me - the number of loan parts remaining available for sale at or below par seems to me about half what it was a month or two ago. Personally, my Harley St and Henley sales seem to have been broadly keeping pace with sales of everything else - my diversity criminality ratio has hovered around 10% despite overall portfolio size falling substantially. I bagged 50 x £20 parts in Harley St 2 at -1.5% about a week before Xmas and 11 of those have already sold at par. Overall I reckon I've sold 42% of my entire stock of Property parts at par over the Xmas / New Year break, plus another 6% at 0.5-1.5% premium (on 9%/10%/12% parts). Fingers crossed for some more 2% CB loans in 2016, but I'm not holding my breath ...
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Jan 4, 2016 9:44:58 GMT
It was Henley3 which had the 3% cash back and was therefore being offered with the best discount. I find it is going slowly at par and I have more than enough sales of 8% property at par now. I have even de-listed the 8% loans which have less than a year to run.
The problem now is finding loans to bid on - I think it may be game over on flipping property loans. It was fun.
|
|
adrianc
Member of DD Central
Posts: 10,015
Likes: 5,144
|
Post by adrianc on Jan 4, 2016 11:13:36 GMT
The problem now is finding loans to bid on - I think it may be game over on flipping property loans. It was fun. Certainly for a while, that's the end of FC for me. My cash balance is now approaching 20% of my total invested - simply because I can't find anything to do with it. It'll be coming out soon. First ever P2P withdrawal for me...
|
|
|
|
Post by GSV3MIaC on Jan 24, 2016 21:49:58 GMT
Here's the last few days data .. A+ through E, part #500 (parts of small size .. <£50 iirc), 20/12/2015 00:01 9.7 10.1 11.4 12.2 14.0 18.0 21/12/2015 00:01 9.5 10.1 11.4 12.3 14.0 18.0 22/12/2015 00:01 9.4 10.1 11.3 12.3 14.0 18.0 23/12/2015 00:00 9.4 10.0 11.3 12.2 14.0 18.0 24/12/2015 00:01 9.3 10.1 11.3 12.2 14.0 18.0 25/12/2015 00:01 9.2 10.0 11.3 12.2 14.0 18.0 26/12/2015 00:01 9.2 10.0 11.3 12.2 14.0 18.0 27/12/2015 00:00 9.2 10.0 11.3 12.2 14.0 18.0 so apart from CB stripped A+s and As offered at fat discounts (mostly now sold out), not much change. Time for an update: 31/12/2015 00:01 9.1 9.8 11.0 12.3 14.0 18.0 01/01/2016 00:01 9.1 9.8 11.1 12.2 14.0 18.0 02/01/2016 00:00 9.1 9.8 11.1 12.2 14.0 18.0 03/01/2016 00:00 9.1 9.8 11.1 12.1 14.0 17.9 04/01/2016 00:00 9.1 9.8 11.1 12.1 14.0 17.9 05/01/2016 00:00 9.1 9.7 11.0 12.1 14.0 18.0 06/01/2016 00:01 9.1 9.7 11.0 12.0 14.0 18.0 07/01/2016 00:00 9.1 9.7 11.0 12.0 14.0 17.9 08/01/2016 00:00 9.1 9.7 11.0 12.0 14.0 17.9 09/01/2016 00:00 9.1 9.7 11.0 12.0 14.0 17.9 10/01/2016 00:01 9.0 9.7 11.0 12.0 14.0 18.0 11/01/2016 00:01 9.0 9.6 11.0 11.9 14.0 17.9 12/01/2016 00:00 8.9 9.6 11.0 11.9 14.0 17.9 13/01/2016 00:01 9.0 9.6 11.1 12.0 14.0 17.9 14/01/2016 00:01 8.9 9.6 10.9 12.0 14.0 17.9 15/01/2016 00:00 8.9 9.6 11.1 12.0 14.0 17.9 16/01/2016 00:01 9.0 9.7 11.0 11.9 14.0 17.9 17/01/2016 00:01 9.0 9.7 11.0 12.0 14.0 17.9 18/01/2016 00:00 9.0 9.6 11.0 11.9 13.9 17.9 19/01/2016 00:01 8.9 9.6 11.0 12.1 13.9 17.9 20/01/2016 00:00 8.9 9.6 10.9 11.9 14.0 17.9 21/01/2016 00:00 8.9 9.6 11.0 11.9 13.9 17.9 22/01/2016 00:01 8.8 9.6 11.0 11.9 13.9 17.9 23/01/2016 00:00 8.8 9.5 11.0 11.9 13.9 17.9 24/01/2016 00:01 8.8 9.6 10.9 11.9 13.9 17.9 So about 0.4% down on A+, A, B and C .. but D/E are holding up rather better. As has been noted elsewhere, the discounted (or even par) A+/A parts are getting hard to find. A+ has gone from 9.7% to 8.8% in under a month.
|
|
r00lish67
Member of DD Central
Posts: 2,692
Likes: 4,048
|
Post by r00lish67 on Jan 29, 2016 2:41:18 GMT
Yes I saw those, my eyes nearly popped out when I saw a £250 A rated loan part at a 16% discount appear. I managed to get 4 or 5 parts, but that only represents about a 1% success rate I think with the amount I didn't get.
I can't really fathom why someone would be selling them one by one at approx 15 second intervals over the space of about an hour and a half with discounts varying from about -2.5% to -16% (that I saw). It must have been at least £30k's worth overall, probably more. If you're just swapping them between your own accounts, wouldn't it be better to sell them at a premium to avoid competition?
|
|
bigfoot12
Member of DD Central
Posts: 1,817
Likes: 816
|
Post by bigfoot12 on Jan 29, 2016 7:40:05 GMT
I can't really fathom why someone would be selling them one by one at approx 15 second intervals over the space of about an hour and a half with discounts varying from about -2.5% to -16% (that I saw). It must have been at least £30k's worth overall, probably more. If you're just swapping them between your own accounts, wouldn't it be better to sell them at a premium to avoid competition? Perhaps (s)he wants a loss in the account selling. If it was a business account it would be able offset tax with that loss (I understand - I don't have one so I'm not sure) but then wouldn't pay tax on the purchased parts. Or the seller might be a SIPP held by someone over the lifetime limit, selling to another account - effectively removing money from the SIPP.
|
|
sl75
Posts: 2,092
Likes: 1,245
|
Post by sl75 on Jan 29, 2016 8:31:17 GMT
I can't really fathom why someone would be selling them one by one at approx 15 second intervals over the space of about an hour and a half with discounts varying from about -2.5% to -16% (that I saw). It must have been at least £30k's worth overall, probably more. If you're just swapping them between your own accounts, wouldn't it be better to sell them at a premium to avoid competition? Perhaps (s)he wants a loss in the account selling. If it was a business account it would be able offset tax with that loss (I understand - I don't have one so I'm not sure) but then wouldn't pay tax on the purchased parts. Or the seller might be a SIPP held by someone over the lifetime limit, selling to another account - effectively removing money from the SIPP. ... or the seller might be someone who has had their account compromised (and being operated by one of the many buyers who benefited from the huge discounts).
|
|
sl75
Posts: 2,092
Likes: 1,245
|
Post by sl75 on Jan 29, 2016 10:14:19 GMT
... or the seller might be someone who has had their account compromised (and being operated by one of the many buyers who benefited from the huge discounts). Now there's a noble burglar. Not quite sure how I'd feel if I came home to find the TV replaced by a cheque for 84% of it's value! If that were the situation (and no reason to believe it is at this time), they'd probably use the compromised account to spend the 84% on the SM and repeat the process (making a real mess to sort out if anyone wants to try and reverse the fraudulent transactions)... ultimately leaving the compromised account with less than £20 in it (plus any non-saleable loan parts). If they cover their tracks well, it would be difficult to prove which of the various accounts taking advantage of the situation was the "burglar" or their associates... although perhaps it wouldn't matter, and everyone who took advantage of the situation would be treated as handling stolen property?
|
|
am
Posts: 1,495
Likes: 601
|
Post by am on Jan 29, 2016 17:09:13 GMT
Yes I saw those, my eyes nearly popped out when I saw a £250 A rated loan part at a 16% discount appear. I managed to get 4 or 5 parts, but that only represents about a 1% success rate I think with the amount I didn't get. I can't really fathom why someone would be selling them one by one at approx 15 second intervals over the space of about an hour and a half with discounts varying from about -2.5% to -16% (that I saw). It must have been at least £30k's worth overall, probably more. If you're just swapping them between your own accounts, wouldn't it be better to sell them at a premium to avoid competition? Several hours later there's a variety of hefty loan parts available at up to 1.5% discount. It could be someone selling out a portfolio of millions of pounds worth of loan parts. I was tempted to buy one to see who was selling, but the only one near my range has a buyer rate of only 7.5% even with the discount.
|
|
acky
Posts: 481
Likes: 262
|
Post by acky on May 17, 2016 16:27:53 GMT
First day after the iPad era and SM rates have hardened by about 0.5% on the A+/A/B grades, and overall there's about 25% more parts on the SM.
Will FC need to do another promotion to stem the flow of funds out of the platform? I imagined the iPad deal was to tie them over till when they hoped the ISA would be available, but that doesn't seem any closer. I'm hoping they'll offer gold plated Ping-Pong bats autographed by the whole team, or maybe dog-eared copies of Flawless Computing's 'Beginners Guide to Website Design'!
Any other suggestions?
|
|
|
|
Post by jackpease on May 17, 2016 16:41:17 GMT
well if there's any sniff of another promotion we'd better empty our accounts so that the 'start' amount is modest!
I offloaded a load of stuff at the minimum 4.x% on monday when there was little about and today there is more about at better rates!
Meanwhile the other account i control has Ipad-bloat but i don't quite trust FC enough to empty it yet..
Jack P
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on May 17, 2016 20:50:10 GMT
There was a max of one per person (even with multiple accounts) and two per household. Otherwise no problem because it was just the change between two times - could FC IT manage anything more complex?
|
|
|
|
Post by jackpease on May 18, 2016 6:06:57 GMT
There was a max of one per person (even with multiple accounts) and two per household. Otherwise no problem because it was just the change between two times - could FC IT manage anything more complex? I've tried to have 'my mum's' account up on IE and 'my wife's' up on Chrome and it seems to know and won't let me ie there must be some sort of IP address check?? Next year maybe they'll have 'one ipad per IP address' to stop us tarts. I think its quite a sensible promotion - it has prompted me to put in a load more, it has provided quite a challenge to get the money invested, it gives me 15 minutes of fun a day much akin to pimple popping, far more fun than dullard 'fund and forget' platforms. JP
|
|
acky
Posts: 481
Likes: 262
|
Post by acky on May 18, 2016 6:36:36 GMT
There was a max of one per person (even with multiple accounts) and two per household. Otherwise no problem because it was just the change between two times - could FC IT manage anything more complex? I've tried to have 'my mum's' account up on IE and 'my wife's' up on Chrome and it seems to know and won't let me ie there must be some sort of IP address check?? Next year maybe they'll have 'one ipad per IP address' to stop us tarts. I think its quite a sensible promotion - it has prompted me to put in a load more, it has provided quite a challenge to get the money invested, it gives me 15 minutes of fun a day much akin to pimple popping, far more fun than dullard 'fund and forget' platforms. JP To keep two accounts open, try opening a new Incognito window in Chrome. It works well for me. It can go wrong if FC logs you out due to inactivity (or website gremlins) as when you log back in, some info may refer to one account and other info to the other account (even on the same page!). But I use Refresh Monkey to refresh the active page every few minutes which will stop FC from logging you out until the gremlins strike.
|
|
