bugs4me
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Post by bugs4me on Apr 8, 2015 9:58:28 GMT
Yesterdays smaller items certainly went within about 3 minutes but I thought a poll as to which lenders/investor preferred.
The Managed Portfolio seems to be more 'orderly' and allows those not sitting in front of their screens to participate but then again, if you've got turbo charged fingers you can probably get a bigger slice of the action.
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Investor
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Post by Investor on Apr 8, 2015 10:13:34 GMT
Managed portfolios each with a 1.5% 24 hour cap on them.
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jonno
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nil satis nisi optimum
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Post by jonno on Apr 8, 2015 10:29:05 GMT
Without wishing to sound corny or twee, I get the the feeling that most of us on this platform have been around since its inception and have all made a contribution to its initial success. I don't feel particularly comfortable in grabbing my share at the expense of others, which is what the fastest finger promotes. I would much rather everyone having an opportunity to get their fair share which will also keep people interested in the platform going forward. The Managed Portfolio model will aid this.
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Grezza
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Post by Grezza on Apr 8, 2015 10:38:57 GMT
I agree jonno. Perhaps MT will consider launching some of the smaller items in the evening, or at weekends, which should be doable because 'going live' is automated, as far as I understand it.
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bugs4me
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Post by bugs4me on Apr 8, 2015 10:52:42 GMT
Sorry everyone - the poll results are hidden until you actually vote. With hindsight (which I have plenty of) I shouldn't have done that but not sure how to reverse it. Not sure if the mods/admins can do anything. If not no problem as I'll send the results to Ed at MoneyThing for his reference.
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Post by MoneyThing on Apr 8, 2015 10:58:22 GMT
I agree jonno. Perhaps MT will consider launching some of the smaller items in the evening, or at weekends, which should be doable because 'going live' is automated, as far as I understand it. Acknowledged. The only aspect that is limiting what time we launch loans is the bank reconciliation aspect. At the moment this is done manually and since the majority of deposits come in just prior to loan launch or just after, in order to credit investors accounts quickly we can only really achieve this efficiently during working hours. We do however have on our IT roadmap, the development of an API for our platform to connect with our Bank which will automate this aspect which will then allow us to launch loans out-of-hours. I do not have an ETA for the development of this API as yet, however will update this forum once the work has been scheduled. Regards, Ed.
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Post by MoneyThing on Apr 8, 2015 10:59:17 GMT
Sorry everyone - the poll results are hidden until you actually vote. With hindsight (which I have plenty of) I shouldn't have done that but not sure how to reverse it. Not sure if the mods/admins can do anything. If not no problem as I'll send the results to Ed at MoneyThing for his reference. Thanks - I was just working out how I could see the results without contributing to the poll!
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bugs4me
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Post by bugs4me on Apr 8, 2015 10:59:36 GMT
Without wishing to sound corny or twee, I get the the feeling that most of us on this platform have been around since its inception and have all made a contribution to its initial success. I don't feel particularly comfortable in grabbing my share at the expense of others, which is what the fastest finger promotes. I would much rather everyone having an opportunity to get their fair share which will also keep people interested in the platform going forward. The Managed Portfolio model will aid this. The problem with not allowing folks a 'fair share' whatever the interpretation of that is - is that lenders tend to start loosing interest and drift away. Then the platform hits 'plateau' mode and getting the interest back is a devils own job. There are plenty of examples floating around on the indie forum already. So all credit to MT so far but they need to keep the interest in the platform going and with the warmer weather coming there won't be so many folks inclined to sit in front of their screens pushing F5 every few seconds IMO.
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Post by pepperpot on Apr 8, 2015 11:22:04 GMT
Sorry everyone - the poll results are hidden until you actually vote. With hindsight (which I have plenty of) I shouldn't have done that but not sure how to reverse it. Not sure if the mods/admins can do anything. If not no problem as I'll send the results to Ed at MoneyThing for his reference. Thanks - I was just working out how I could see the results without contributing to the poll! Currently 15 - 0, in favour of the portfolios.
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madpierre
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Post by madpierre on Apr 8, 2015 12:54:48 GMT
Sorry if I'm being a bit thick but I can't see how to vote?
This may also account for why I'm too slow to get much in the small item scrums
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Post by oldnick on Apr 8, 2015 12:59:07 GMT
Touch the grey box to the left. Touch again to unvote.
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jonno
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nil satis nisi optimum
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Post by jonno on Apr 8, 2015 13:02:32 GMT
Sorry if I'm being a bit thick but I can't see how to vote?
This may also account for why I'm too slow to get much in the small item scrums Just click in one or other of the boxes. Once you have "voted" you will then see the current state of play which, as I post is 21-nil in favour of portfolios. Sorry oldnick-crossed post.Clearly your fingers are faster than mine
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Post by oldnick on Apr 8, 2015 13:06:09 GMT
My secret is to worry about the spelling later in post edits
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Post by mrclondon on Apr 8, 2015 13:12:29 GMT
As well as the obvious advantage of ease of investment on day one, I see 2 clear benefits of the portfolios - they run for a full six months with no need for us lenders to have to re-invest the proceeds of maturing loans and there is an option to rollover on maturity. Invest once, and rollover every six months. Simples.
The downside is that MT may reach the point where they have so many portfolios in existence, that there is no scope for new ones as new loans from the cash shop all go to replace maturing loans inside the portfolios. Which would limit the scope for new lenders to participate quite dramatically.
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oldgrumpy
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Post by oldgrumpy on Apr 8, 2015 13:20:57 GMT
It seems to me that loans much under £1000 are too much of a scramble, and maybe cause too much work to MT for their value, and these can only increase as more people divert cash to MT. Therefore maybe we could have several kinds of maganed fortpolio: 1. £10,000 in tiddlers < £200 items max initial bid £100 2. £20,000 in bigger £200-£500 items max initial bid £250 3. £20,000 in gold £200-£500 items maxs initial bid £250 4. £20,000 other valuables initial bid £250 5. £25,000 items £500-£999 , initial bid £250 Items over £1000 to be listed individually - with an appropriate initial bid limit. Listings could start at 10:00 or 16:00 or 20:00 by rotation. A prominent note could be added to the preview of the 19:00 portfolios (and to the email notification) that lenders should fund their accounts before 17:00 (or whatever) to be sure of participating.
edit: took ages to think about and write so didn't see the last few posts
edit again: where I wrote "items" please read "loans".
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