arbster
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Post by arbster on Oct 6, 2015 21:04:03 GMT
<snip>
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blender
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Post by blender on Oct 7, 2015 8:56:11 GMT
Perversely, the result of the punishment could be an increase in offending. 21% of a loan is too rich for me.
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pom
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Post by pom on Oct 7, 2015 10:20:14 GMT
So I put 2 loan parts up for sale this morning at a premium, one at 0.7 the other 0.6, expecting the 0.6 to sell first, but nope! ***?
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am
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Post by am on Oct 7, 2015 11:40:15 GMT
So I put 2 loan parts up for sale this morning at a premium, one at 0.7 the other 0.6, expecting the 0.6 to sell first, but nope! ***? Same loan? Same value?
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pom
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Post by pom on Oct 7, 2015 12:20:16 GMT
Yep, same loan, same rate - and the premiums did result in different buyers rates too (unlike with some loans where it seems to take a 0.2% difference in premium to make a 0.1% difference in buyers rate).
There's definitely some weird stuff going on at the moment as I also had a whole load of loans delisted early, only a few days after I listed them - everything that I'd listed that same day - am currently selling everything, so it was immediately obvious.
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registerme
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Post by registerme on Oct 7, 2015 12:59:44 GMT
I've sold >£500 worth of parts on the SM so far today. One at a premium, the rest at par. All at rates worse than the new fixed rates. All SME loans. All > six months old.
Go figure.
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SteveT
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Post by SteveT on Oct 7, 2015 13:10:44 GMT
I've sold >£500 worth of parts on the SM so far today. One at a premium, the rest at par. All at rates worse than the new fixed rates. All SME loans. All > six months old. Go figure. Thought that occurs to me is "What possessed you to buy them in the first place?" 
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registerme
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Post by registerme on Oct 7, 2015 13:13:49 GMT
Not knowing what I was doing when I first put money onto FC, and before I encountered this forum  . Still, to date I've had an annualised return of 10.5% with no bad debts (though I am running about 30% of my current earnings in RBR, of which FC have implied that they expect 100% recovery on >90% of the outstanding notional). Time will tell how that plays out. |
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timmo
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Post by timmo on Oct 7, 2015 15:11:49 GMT
Another noob question...
When you put individual parts up for sale do you only pay the fee when the loan part is sold?
Are there any dissadvateges to listing loan parts if they're unlikely to be sold?
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fasty
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Post by fasty on Oct 7, 2015 15:19:48 GMT
Another noob question... When you put individual parts up for sale do you only pay the fee when the loan part is sold? Are there any dissadvateges to listing loan parts if they're unlikely to be sold? (1) Yes you only pay the fee when sold. (2) Not really, but they drop off sale after 2 weeks, so it's tedious if you have to keep re-advertising them. A "select all" button for loan part sales would have been so useful.
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Post by nickthefool on Oct 7, 2015 15:20:42 GMT
Another noob question... When you put individual parts up for sale do you only pay the fee when the loan part is sold? Are there any dissadvateges to listing loan parts if they're unlikely to be sold? That's correct, you only pay the fee when the part is sold. I don't think there's any major disadvantage to listing at high rates, if you're an active investor (if you were inactive then the time money is spent earning 0% might outweigh the benefit of selling).
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arbster
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Post by arbster on Oct 7, 2015 15:26:44 GMT
Another noob question... When you put individual parts up for sale do you only pay the fee when the loan part is sold? Are there any dissadvateges to listing loan parts if they're unlikely to be sold? That's correct, you only pay the fee when the part is sold. I don't think there's any major disadvantage to listing at high rates, if you're an active investor (if you were inactive then the time money is spent earning 0% might outweigh the benefit of selling). What time earning 0%? You mean once the part is sold but yet to be re-invested?
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Post by GSV3MIaC on Oct 7, 2015 15:46:24 GMT
Yes (speaking on their behalf. 8>.). The idle time is when you have cash in your account not actually invested in anything (or, if you are picky, "not bid", since some idle time is inevitable at that point).
Some folks (hands up me) regularly have =everything= listed for sale at rates which are not likely to cause a queue at the doors, but which may trickle out over time (well everything except maybe a few 15% A+ parts where even at a 3% premium they'd still be an awfully good buy and a terribly bad sell).
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Post by nickthefool on Oct 7, 2015 16:40:49 GMT
Yes, what GSV said. I always had everything for sale too, would buy high, sell fairly quickly at average rates, rinse and repeat. Stopped buying 2 weeks ago and have now sold almost everything (3 parts remaining). Only had a modest amount (low 4 figures) invested for a short time (2 months) but had been making around 25% annualised return (FC figure was around 35% but doesn't count dead time) so was unhappy to see the end of the auction model even though I think the fixed rate model is probably good for the majority.
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Post by GSV3MIaC on Oct 7, 2015 20:09:42 GMT
As I've said elsewhere I'm all for 'everyone gets the same rate', what I choke on is the bit where 'and that rate is set by FC', rather than by the market (or even part of the market, e.g. the floating voters).
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. Still, to date I've had an annualised return of 10.5% with no bad debts (though I am running about 30% of my current earnings in RBR, of which FC have implied that they expect 100% recovery on >90% of the outstanding notional). Time will tell how that plays out.
