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Post by happyhippydad on Apr 1, 2015 9:50:32 GMT
Hello all, I have just joined this forum as it seems to be the best way to discuss saving stream. I will be investing £1000 in Saving stream and would like to spread that over 10 investments to limit the risk. My question is how long does it usually take for new investments to come along, as there only seem to be 2 at the moment: PBL 027 and 025? It's pushing me towards perhaps putting £500 in each, but rather than rush in and do that I thought I would ask about the frequency of new investments? Many thanks  |
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Jaydee
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Post by Jaydee on Apr 1, 2015 9:59:28 GMT
Hello all, I have just joined this forum as it seems to be the best way to discuss saving stream. I will be investing £1000 in Saving stream and would like to spread that over 10 investments to limit the risk. My question is how long does it usually take for new investments to come along, as there only seem to be 2 at the moment: PBL 027 and 025? It's pushing me towards perhaps putting £500 in each, but rather than rush in and do that I thought I would ask about the frequency of new investments? Many thanks The loans seem to come in bursts. To wait for 10 loans to meet your requirements could take 3 to 4 months. It really doesn't matter if you lob all your money into one loan as you are lending to a company. However I think most of us on this platform spread our money. Before choosing your loans read all the relevant documents and be sure you understand the risk.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Apr 1, 2015 10:06:15 GMT
Hello all, I have just joined this forum as it seems to be the best way to discuss saving stream. I will be investing £1000 in Saving stream and would like to spread that over 10 investments to limit the risk. My question is how long does it usually take for new investments to come along, as there only seem to be 2 at the moment: PBL 027 and 025? It's pushing me towards perhaps putting £500 in each, but rather than rush in and do that I thought I would ask about the frequency of new investments? Many thanks There is no hard & fast rule Im afraid, probably about 2-3 a month. However, parts in existing loans become avaliable on the market fairly regularly and if a new loan is launched there is always an opportunity to diversify as people sell down older loans to invest in the new. My advice would be to take your time. With SS instant credit system you can add money & invest in a loan part in about a minute so you can react very quickly when you spot loan avaliability on the market Although you are lending to SS rather than the individual borrowers, it is still better to diversify across the loan book & dont worry too much if money is idle. Edit: Bear in mind that if you do invest all your money in 1 or 2 loans & then want to withdraw some to diversify you get no interest while you are selling your loan parts & the speed of that is entirely in the hands of the market
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Post by happyhippydad on Apr 1, 2015 10:36:29 GMT
Many thanks both of you.
This is quite good fun!
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Post by duncandive on Apr 1, 2015 12:32:43 GMT
Welcome happyhippydad, I agree with Jaydee and ilmoro. I found the best thing to do when I started in January this year, was to pop in whenever I could to check the Market/Secondary Market(SM) and in a month I had picked up several 'k' spread between 15 loans. Just 'luck of the draw' or 'Right Time, Right Place' perhaps but the SM can be very active and fast at times. You can take some time to read all the documentation even on loans that are Full. That way when you spot some that become available, you can grab it before it is gone.
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mikes1531
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Post by mikes1531 on Apr 1, 2015 16:03:21 GMT
You can take some time to read all the documentation even on loans that are Full. That way when you spot some that become available, you can grab it before it is gone. Or you can save yourself some research time by buying first and then reading. If you decide you don't like what you read, you always can put the parts up for sale. And if the parts were difficult to acquire in the first place, then they'll probably be easy to sell. The exception to that, of course, is a loan that's about to go bad, so if you're going to adopt that approach it might be a good idea to avoid loans that are approaching maturity.
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Investor
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Post by Investor on Apr 1, 2015 21:38:46 GMT
Lots of bits available on the SM now if you want to diversify your investment HappyHippy
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