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Post by ablrateandy on Sept 22, 2015 15:45:11 GMT
56 mins james (Sorry -was in a meeting for 53 of them)  |
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james
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Post by james on Sept 22, 2015 16:18:43 GMT
Meeting?! Want to be careful about confessing to that, people might start wondering what loan deals are coming up next! Thanks for the quick service. |
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Post by ablrateandy on Sept 23, 2015 13:12:30 GMT
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mikes1531
Member of DD Central
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Post by mikes1531 on Sept 23, 2015 18:31:41 GMT
Interesting, but I'll take issue with the last half of the last sentence... "... if you spend £10,000 per year and yet retain £50,000 in liquid assets you are probably not managing your money very efficiently!"That's OK if the only thing you ever do with your money is spend it. But most of us invest as well, and a significant reason I need liquidity is so that I can invest in an opportunity when it presents itself. It might be a stock market opportunity or a property opportunity or a P2P opportunity, or... -- but if I want to be able to invest on short notice I need to have liquidity.
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Post by ablrateandy on Sept 23, 2015 18:42:01 GMT
Very fair point thanks! I will re-word it in a slightly better way later tonight |
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pikestaff
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Post by pikestaff on Sept 23, 2015 22:12:48 GMT
I've read the blog post. It might be possible to achieve 25-50% liquidity in 24 hours, although I have my doubts and it would certainly not be possible on my p2p portfolio. But even where it is possible, this assumes today's benign conditions. I think liquidity in p2p markets will evaporate very quickly if there is a problem. For me, a significant part of the yield premium of p2p over other investments is justified by the risk that the liquidity may not be there when you need it.
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