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Post by chris on Jul 23, 2015 14:30:34 GMT
Thanks.. trying to figure out how their website works is more confusing then any platform I seen so far...not sure i can even be bothered..... just looking to try and diversify out of other sites like LI and TC Three main things to get your head around when compared to other sites. 1) You have a cash account which is where your deposited funds end up from which you then need to invest your money into one or more of our investment accounts. 2) Automated investment accounts like the Green Energy Income Account (more launching in the next couple of months) are fire and forget. You stick your money in, are protected by the provision fund on top of the loan security, and the system invests according to the rules of the account. 3) The Manual Loan Investment Account requires you to transfer funds into it from your cash account, like the other investment accounts, but from there you have to set investment targets in each individual loan in order for the system to invest in those loans on your behalf. You can browse the loan book via the top menu bar and set targets in any of our loans, even if there's currently nothing available for sale. As long as you have uninvested funds in your account, as portions of any of those loans are offered up for sale you'll end up getting a slice (unless it's a really small amount being sold in which case there's an element of random luck) until your targets are met. Let me know if that's enough to get started or if there's anything else that you specifically want to know about.
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bababill
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Post by bababill on Jul 23, 2015 14:37:32 GMT
Thanks for detailed reply.. I think I was very confused on how to lend to primary loans (usually, I avoid the secondary market)....But now, I understand its all secondary, which perhaps could be better as they are all sold at par (i think).
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bigfoot12
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Post by bigfoot12 on Jul 23, 2015 15:10:05 GMT
Thanks.. trying to figure out how their website works is more confusing then any platform I seen so far...not sure i can even be bothered..... just looking to try and diversify out of other sites like LI and TC Did you post on the wrong thread? Interestingly there is lots on the aftermarket at the moment.
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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 Jul 23, 2015 15:20:47 GMT
Thanks for detailed reply.. I think I was very confused on how to lend to primary loans (usually, I avoid the secondary market)....But now, I understand its all secondary, which perhaps could be better as they are all sold at par (i think). Yes, all at par.They are working on discounts/premiums but its a way off.
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Post by jevans4949 on Jul 24, 2015 8:17:45 GMT
There was a poll some time ago (before the current secondary market model was built), and punters came out in favour of modest discounts (to enable quick sales), but no premiums. Think some punters had experinced too much "stag" profiteering on another platform.
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bababill
Member of DD Central
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Post by bababill on Jul 24, 2015 9:37:27 GMT
Thanks.. trying to figure out how their website works is more confusing then any platform I seen so far...not sure i can even be bothered..... just looking to try and diversify out of other sites like LI and TC Did you post on the wrong thread? Interestingly there is lots on the aftermarket at the moment. Nope, I didn't post on the wrong thread. Perhaps, I should have quoted Ramblin Rose's post from April 11 of which I was referring to.... Am generally new at posting tho for sure....
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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 Jul 24, 2015 9:47:45 GMT
Did you post on the wrong thread? Interestingly there is lots on the aftermarket at the moment. Nope, I didn't post on the wrong thread. Perhaps, I should have quoted Ramblin Rose's post from April 11 of which I was referring to.... Am generally new at posting tho for sure.... Lying low, but not forgotton it seems  
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Post by pepperpot on Jul 24, 2015 10:05:38 GMT
Nope, I didn't post on the wrong thread. Perhaps, I should have quoted Ramblin Rose's post from April 11 of which I was referring to.... Am generally new at posting tho for sure.... Lying low, but not forgotton it seems Faintly remember the bunches. Now I've got it... ice balls, I definitely remember ice balls. (damn, how do you erase unwanted info??).
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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
Posts: 1,370
Likes: 857
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Post by ramblin rose on Jul 24, 2015 10:09:48 GMT
Lying low, but not forgotton it seems Faintly remember the bunches. Now I've got it... ice balls, I definitely remember ice balls. (damn, how do you erase unwanted info??).   
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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
Posts: 11,330
Likes: 11,549
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Post by ilmoro on Jul 24, 2015 10:20:40 GMT
Now I've got it... ice balls, I definitely remember ice balls. (damn, how do you erase unwanted info??). Thought that involved disappointment & a cold shower!  Bit like some P2P lending come to think of it (Initial excitement then all turns out to be a chilling experience) 
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Post by chielamangus on Mar 14, 2016 12:09:26 GMT
Interestingly there is lots on the aftermarket at the moment. And now, nearly 8 months later, we are back to loads of choice. And not just on this platform. SS and MT also have quite a choice (as of earlier this morning, anyway). Are people, offloading, rebalancing within a platform (or between platforms), or is just a reflection of the increase in loan supply recently? Any ideas?
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Post by lynnanthony on Mar 14, 2016 13:06:36 GMT
Interestingly there is lots on the aftermarket at the moment. And now, nearly 8 months later, we are back to loads of choice. And not just on this platform. SS and MT also have quite a choice (as of earlier this morning, anyway). Are people, offloading, rebalancing within a platform (or between platforms), or is just a reflection of the increase in loan supply recently? Any ideas? Anything to do with the end of the tax year? Or (related) are people topping up their 2015/16 cash ISA ready to transfer it into an IFISA soon?
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Post by Ton ⓉⓞⓃ on Mar 14, 2016 13:15:33 GMT
Interestingly there is lots on the aftermarket at the moment. And now, nearly 8 months later, we are back to loads of choice. And not just on this platform. SS and MT also have quite a choice (as of earlier this morning, anyway). Are people, offloading, rebalancing within a platform (or between platforms), or is just a reflection of the increase in loan supply recently? Any ideas? I think it's planning for ISA season from both platforms and Lenders. The platforms want to be as sexy as possible with lots of choice so they've tried to get as many out as poss. I did think about selling stock (loans) taking the cash off site so I could convert it to a cash ISA and then move back on when the IF ISA comes into being, but as that could be delayed for who knows how long I thought no. The delay being certifying permissions and HMT rules being written so platforms now how to work it.
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mikes1531
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Post by mikes1531 on Mar 14, 2016 14:26:17 GMT
Are people, offloading, rebalancing within a platform (or between platforms), or is just a reflection of the increase in loan supply recently? Anything to do with the end of the tax year? Or (related) are people topping up their 2015/16 cash ISA ready to transfer it into an IFISA soon? All of the above!
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trouble
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Post by trouble on Mar 14, 2016 15:12:22 GMT
Re-balancing for me.
i've been in breach of my own % per loan rules for sometime due to simply wanting to get my funds invested, although i was damned choosy about the ones i went heavy in.
So despite the fact i really really really like some of the loans i'm investing in you can't always predict which might go wrong (no-one can) or repay with minimal warning (a real income risk on the better looking ones) so I'm looking to get my exposure back to a max of 3.5% in anyone loan.
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