awk
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Post by awk on Sept 25, 2015 20:53:20 GMT
I've decided to hold fire and just earn the interest - OK 30% in one loan sounds all wrong, but given its backed by real assets should I really worry too much? I'm sure it will settle down in a couple if weeks and I can spread it around a bit.
Having come come FC, I'm still struggling to come to terms with SS - all looks too easy for 12% (after fees) !!
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SteveT
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Post by SteveT on Sept 25, 2015 21:01:20 GMT
I've decided to hold fire and just earn the interest - OK 30% in one loan sounds all wrong, but given its backed by real assets should I really worry too much? I'm sure it will settle down in a couple if weeks and I can spread it around a bit. Having come come FC, I'm still struggling to come to terms with SS - all looks too easy for 12% (after fees) !! Relatively little to worry about in the early months of an SS loan since repayment issues are only likely to emerge in the later stages. Within a matter of days the queue will be gone, most likely next Thursday (if not before) when everyone has monthly interest to reinvest.
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registerme
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Post by registerme on Sept 25, 2015 21:08:41 GMT
One dynamic to be aware of though awk (great name by the way, always hated UNIX  is that you can't sell your parts at a premium / discount. Not suggesting that there is anything wrong with this loan or any other loan, on SS or FC, but if you wanted to offload a loan on FC you could do so at a discount, currently down to -3%, supposedly next week going down to -20%. |
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webwiz
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Post by webwiz on Sept 25, 2015 22:05:02 GMT
One dynamic to be aware of though awk (great name by the way, always hated UNIX is that you can't sell your parts at a premium / discount. Not suggesting that there is anything wrong with this loan or any other loan, on SS or FC, but if you wanted to offload a loan on FC you could do so at a discount, currently down to -3%, supposedly next week going down to -20%. Not on the current site, but .......
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Post by pepperpot on Sept 25, 2015 23:01:59 GMT
One dynamic to be aware of though awk (great name by the way, always hated UNIX is that you can't sell your parts at a premium / discount. Not suggesting that there is anything wrong with this loan or any other loan, on SS or FC, but if you wanted to offload a loan on FC you could do so at a discount, currently down to -3%, supposedly next week going down to -20%. -20% discount is available now, or so it seems - I've not tested it! I think I prefer the vanilla 12% on SS (no premium or discounting). I can obviously see the benefit of both but feel it would probably muddy the crystal clear waters if some were getting 11% or 13% for the odd few bits. I reserve the right to sing a different tune if the SM ever seizes up though... 
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duck
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Post by duck on Sept 27, 2015 6:34:44 GMT
From a purely practical point of view monitoring your overall % return for a loan where you buy and sell at a premium/discount can be (in my experience) a real pain. I really like ablrate's 'true market' aftermarket and have bought a fair number of smallish loan parts at small premiums to top up my existing holdings .... but if you like to maintain an overall % per loan (and % for all loans held) each of these purchases has to be taken into account along with the premium. Spreadsheet heaven!
With SS it is so simple £5 or £5000, £3.54 or £1214.97 all you need to do is top up your holding total.
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SteveT
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Post by SteveT on Sept 28, 2015 8:58:15 GMT
I've decided to hold fire and just earn the interest - OK 30% in one loan sounds all wrong, but given its backed by real assets should I really worry too much? I'm sure it will settle down in a couple if weeks and I can spread it around a bit. Having come come FC, I'm still struggling to come to terms with SS - all looks too easy for 12% (after fees) !! Queue to sell Pebble 58 is almost cleared now after a couple of chunky purchases. Just £3k currently available.
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awk
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Post by awk on Sept 28, 2015 14:24:13 GMT
She's just hit 0% (£61 left)
But now I've got the dilemma - there's nothing left which I really want (ie - with more than about 6 months to run) other than the new ones. But given that they are currently less sellable than PBL58 (and haven't been drawn down) maybe I'm best leaving my spare money sitting here and waiting for something new to come up.
Need to get my head around SS 'gaming' tactics - are there any, or is it just really dull - you put your money in, you earn 12% nett and you take your money out !!
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SteveT
Member of DD Central
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Post by SteveT on Sept 28, 2015 14:32:41 GMT
She's just hit 0% (£61 left) But now I've got the dilemma - there's nothing left which I really want (ie - with more than about 6 months to run) other than the new ones. But given that they are currently less sellable than PBL58 (and haven't been drawn down) maybe I'm best leaving my spare money sitting here and waiting for something new to come up. Need to get my head around SS 'gaming' tactics - are there any, or is it just really dull - you put your money in, you earn 12% nett and you take your money out !! Sell down some of your Pebble 58 and stick the proceeds into 59/60/61 for the 0.5% Cashback, assuming you're happy to hold these to drawdown and perhaps a few weeks longer.
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adrianc
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Post by adrianc on Sept 28, 2015 14:32:52 GMT
But now I've got the dilemma - there's nothing left which I really want (ie - with more than about 6 months to run) other than the new ones. But given that they are currently less sellable than PBL58 (and haven't been drawn down) maybe I'm best leaving my spare money sitting here and waiting for something new to come up. Have you seen the 0.5% cashback on 59/60/61? Payable to whoever's holding any chunks on drawdown. I'm unenthused. It's not exactly generous - two extra weeks interest - and I'm fairly happy with the amounts I've got in those loans. For every extra hundred quid you chuck in, get 50p cashback?
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webwiz
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Post by webwiz on Feb 26, 2016 12:49:58 GMT
Recent Updates say will repay soon. Another £3m coming back.
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sam i am
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Post by sam i am on Apr 30, 2016 12:54:18 GMT
Latest update says this: "Will be fully repaid imminently, expecting funds from Dubai. Construction element will be launched as a new development loan." So my question is, will the existing PBL be rolled over into the new DFL as was the case with the first two DFLs? I have asked savingstream via the Q&A but it would be good if they could reply via this forum for others to see. |
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Post by GSV3MIaC on Apr 30, 2016 13:01:36 GMT
Yes, please tell us. The Q&A appear, currently, to be a 'write only memory' (or maybe the questioner can actually see?)
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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 30, 2016 13:55:56 GMT
Yes, please tell us. The Q&A appear, currently, to be a 'write only memory' (or maybe the questioner can actually see?) Can you see one on DFL1? Cant remember if I asked it or not. Otherwise all my Qs have been invisible following submission and responses (if any) by email. eg one on PBL60 re the extra funding (not mentioned in this weeks update but does appear to have happened, cant say I noticed 200k on SM) which was relevant to investors.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Apr 30, 2016 13:58:47 GMT
Yes, please tell us. The Q&A appear, currently, to be a 'write only memory' (or maybe the questioner can actually see?) Can you see one on DFL1? Cant remember if I asked it or not. Otherwise all my Qs have been invisible following submission and responses (if any) by email. eg one on PBL60 re the extra funding (not mentioned in this weeks update so unknown if it has happenend) which was relevant to investors. There is a single Q&A on DFL1 It's the only one I can see on the entire SS site; I've used the Q&A forms on loans quite a bit but always get a reply via e-mail.
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is that you can't sell your parts at a premium / discount.
