coop
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Post by coop on Aug 18, 2015 9:10:37 GMT
I tend to try and sell at par for the first few months and when the discount is at a reasonable level sell at a discount and reinvest in another 2%CB loan. Selling at a .5% discount after 3 or 4 months and reinvesting will get you a better APR than selling at par after 9 months. I'll show some workings later if anyone is interested  |
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SteveT
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Post by SteveT on Aug 18, 2015 9:56:09 GMT
The odds of selling are much worse if it is a recent/large one (with 1000s of parts for sale), or if there are later tranches on the Primary Market (autobodge probably looks there first, as it should, and collects any cashback for granny). The ones which sell reasonably well (when FC haven't fouled it up) are typically several months old, all tranches long since gone (eventually to stable homes), where new autobodge arrivals will cheerfully take some without annoying the diversity police. Which is a very long winded way of saying 'have patience'. 8>. Looks at the numbers for sale, and do your own figuring.. That's my experience too. I might get a few early sales on a new tranche until the number of parts listed rises to the hundreds. Then nothing much for 2 - 3 months, then a steady flow once the number of parts available at par has reduced again. Exmouth seems particularly popular at the moment, as does Blackheath.
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Post by GSV3MIaC on Aug 18, 2015 11:49:08 GMT
I tend to try and sell at par for the first few months and when the discount is at a reasonable level sell at a discount and reinvest in another 2%CB loan. Selling at a .5% discount after 3 or 4 months and reinvesting will get you a better APR than selling at par after 9 months. I'll show some workings later if anyone is interested Is true if, and only if, there is a supply of new 2% CB loans to re-invest in, which is not invariably the case .. so you have to fine tune a bit depending what is available on the PM at the time (or what the crystal ball says will be along shortly)/.
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coop
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Post by coop on Aug 18, 2015 12:10:27 GMT
Indeed!
Although it's been a while since I whipped the crystal ball out! These are turbulent times at FC (Frantic Circles?) and the ball gets ever hazier...
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nick
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Post by nick on Aug 18, 2015 17:51:51 GMT
Indeed! Although it's been a while since I whipped the crystal ball out! These are turbulent times at FC (Frantic Circles?) and the ball gets ever hazier... True, life is like a box of chocolates, you never know what you're gonna get................
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fasty
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Post by fasty on Aug 18, 2015 18:03:26 GMT
Indeed! Although it's been a while since I whipped the crystal ball out! These are turbulent times at FC (Frantic Circles?) and the ball gets ever hazier... True, life is like a box of chocolates, you never know what you're gonna get................ We are yet to discover whether the alluring "E"-rated mystery selection actually contains Crunchy Frog, Cockroach Cluster, Anthrax Ripple, Spring Surprise and Ram's Bladder Cup.
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Post by p2plender on Aug 18, 2015 18:13:59 GMT
8% Newquay loan parts for sale already. Presume an accidental listing sale...
5.9% £20.30 £0.30 (1.5%) Buy
4.5% £20.50 £0.50 (2.5%) Buy
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registerme
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Post by registerme on Aug 19, 2015 7:06:17 GMT
It seems that it continues to be a good day for selling. I've sold 20 parts over the last two days, all at par.
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