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Post by crabbyoldgit on Sept 15, 2015 16:11:44 GMT
Err its hands up for me no funny loans at all, but only being doing this for about 10 months and though i would like to fool myself its my skill i know its been pure luck. Had bids in one but no actual investment when it went very funny indeed and another that well i withdrew from just in time.Use the reading the tea leaves system it seems to work for me.
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sl75
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Post by sl75 on Sept 16, 2015 8:44:56 GMT
Regarding the trading of delinquent debt - I'm sure I heard at least one other platform saying they couldn't do this because it's a highly regulated activity.
Given the huge pricing uncertainty, it seems to me a flippers paradise if enabled without an awful lot of careful controls... e.g. buy at 30% discount, sell at 10% discount, rinse and repeat.
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bigfoot12
Member of DD Central
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Post by bigfoot12 on Sept 16, 2015 10:03:15 GMT
... a flippers paradise if enabled without an awful lot of careful controls... e.g. buy at 30% discount, sell at 10% discount, rinse and repeat. Another name for a flipper might be a market maker: someone who risks his own money to provide liquidity to the market whilst hoping to profit from the difference in the buy and sell prices. As long as the buyers (at a 10% discount) know that they are buying an impaired loan that is fine by me.
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pikestaff
Member of DD Central
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Post by pikestaff on Sept 16, 2015 10:25:08 GMT
Regarding the trading of delinquent debt - I'm sure I heard at least one other platform saying they couldn't do this because it's a highly regulated activity. I think I've heard another platform saying it will be coming because the FCA (or possibly HMRC) will require it for ISAs. We shall see...
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Post by chris on Sept 16, 2015 10:54:53 GMT
... a flippers paradise if enabled without an awful lot of careful controls... e.g. buy at 30% discount, sell at 10% discount, rinse and repeat. Another name for a flipper might be a market maker: someone who risks his own money to provide liquidity to the market whilst hoping to profit from the difference in the buy and sell prices. As long as the buyers (at a 10% discount) know that they are buying an impaired loan that is fine by me. Don't forget our market can't be manipulated by those with fast fingers (or programs). If you want to invest in a loan you have the same opportunity as a "flipper" with deep pockets. If they hoover up all of a loan and then sell for more than they paid they're still actually providing longer term liquidity to the market and the market will only pay the price it's happy with.
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Post by msa on Sept 16, 2015 12:30:07 GMT
Maybe this has been discussed before?
Whilst there is the possibility to sell with a Discount now is there also the Option to sell or buy with a premium?
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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 Sept 16, 2015 12:36:27 GMT
Maybe this has been discussed before? Whilst there is the possibility to sell with a Discount now is there also the Option to sell or buy with a premium? Not yet, there may be the option to sell at a premium in future, its been discussed but not something AC have decided to implement yet (even on the old site it wasnt available)
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Post by chris on Sept 16, 2015 12:54:32 GMT
Maybe this has been discussed before? Whilst there is the possibility to sell with a Discount now is there also the Option to sell or buy with a premium? There will be. It's coded but the business hasn't enabled it yet. It's still being discussed and still needs to pass through compliance, as it wasn't a priority for launch of the QAA and other changes.
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Post by Ton ⓉⓞⓃ on Sept 27, 2015 15:50:17 GMT
Regarding the trading of delinquent debt - I'm sure I heard at least one other platform saying they couldn't do this because it's a highly regulated activity. I think I've heard another platform saying it will be coming because the FCA (or possibly HMRC) will require it for ISAs. We shall see... The results of a recent consultation on this is saying no at the moment, there will be no requirement for an SM. I've emboldened the passage below.
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pikestaff
Member of DD Central
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Post by pikestaff on Sept 27, 2015 17:31:16 GMT
Thanks, Ton ⓉⓞⓃ. I had actually seen that  . I remember the original consultation floating the proposal but it's evidently been dropped - unless it reappears! |
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. I remember the original consultation floating the proposal but it's evidently been dropped - unless it reappears!