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Post by bonfemme on Oct 15, 2015 17:10:09 GMT
Remember though, A+ auto bidders can't opt out of the 12 month loans. I'm in.
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SteveT
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Post by SteveT on Oct 15, 2015 17:12:55 GMT
Remember though, A+ auto bidders can't opt out of the 12 month loans. I'm in. Although they can set their SM rates for A+ at higher than the default setting of 6% (still laughing at that). I bet many Autobiddies don't ever get as far as the Advanced Setting page though, so par it is for a start.
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blender
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Post by blender on Oct 15, 2015 17:55:39 GMT
It's only the new Autobidders who get their SM rates set by FC at some default (6%?). The existing ones have already set their SM rates and those do not get changed. Personally I do not fancy a few months at 6% and then to give away part of the cash back in discount. This one not for me - will stick with property.
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SteveT
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Post by SteveT on Oct 15, 2015 18:12:42 GMT
It's only the new Autobidders who get their SM rates set by FC at some default (6%?). The existing ones have already set their SM rates and those do not get changed. Personally I do not fancy a few months at 6% and then to give away part of the cash back in discount. This one not for me - will stick with property. 64% of the total loan interest is paid in the first 5 months
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stevio
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Post by stevio on Oct 15, 2015 18:21:59 GMT
Might have a look, I am a FC virgin!
Edit: All gone, too late! Can I just ask, when I look through the bids, there are loads of £20 fro B*z**** - is this the B*z flipper guy that people mention? Why does it show so many bids from the same people at £20?
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acky
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Post by acky on Oct 15, 2015 18:36:49 GMT
Might have a look, I am a FC virgin! Edit: All gone, too late! Can I just ask, when I look through the bids, there are loads of £20 fro B*z**** - is this the B*z flipper guy that people mention? Why does it show so many bids from the same people at £20? Best not to quote usernames on a public forum (we tend to say B*z, we all know who we mean!). "Flippers" will buy lots of £20 loan parts with a view to selling them on at a profit on the secondary market, on the basis that £20 parts are more readily saleable.
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Post by GSV3MIaC on Oct 15, 2015 20:39:36 GMT
Just to point out, belatedly, that this one seemingly was a WL reject (but you were all gonna flip it as fast as possible anyway, right? I mean 5% running yield ?!?)
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blender
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Post by blender on Oct 15, 2015 22:51:11 GMT
Just to point out, belatedly, that this one seemingly was a WL reject (but you were all gonna flip it as fast as possible anyway, right? I mean 5% running yield ?!?) Quite so. We may see discounts of 1.5% on the first day of trading. (Presume you include yourself in the flippers, GSV). There should be a competition for the first person to sell a part of this at par.
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Post by GSV3MIaC on Oct 16, 2015 7:55:21 GMT
It's smallish so flipping at par should be easy compared to property loans, assuming FC don't choke up the SM again. Yes, me too .. I'd never suggest anything I was not willing to do myself. 8>.
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blender
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Post by blender on Oct 16, 2015 8:22:24 GMT
Hmm. This loan is mostly held by flippers, who wish to have the 2% and sell as quickly as possible - 5% running yield is not very good. So the surface of the water will be foaming with a multitude of competing flippers with the discount going as high as the most easily satisfied will allow. While the bottom will be slowly trawled at par by those seeking out the few autobidders with 6% settings.
It would be most interesting and informative if it were possible to watch the fishing.
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jimbob
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Post by jimbob on Oct 16, 2015 8:51:15 GMT
I bought a few parts of London's finest property area 16444 Hackney loan for the 2%.
Whats the best tactic for these property loans - stick straight up on SM possibly at a small discount or wait a bit ?
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adrianc
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Post by adrianc on Oct 16, 2015 9:07:05 GMT
I chuck 'em straight up at par. They don't sell fast, but they do sell - especially with the current PM state.
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blender
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Post by blender on Oct 16, 2015 9:08:28 GMT
I bought a few parts of London's finest property area 16444 Hackney loan for the 2%. Whats the best tactic for these property loans - stick straight up on SM possibly at a small discount or wait a bit ? There is no point in waiting. Better to list it all par and wait. But if you wish to move them faster, try one or two of them discounted to give a higher buyer rate that you think may attract higher Autobid settings - you decide which settings. This assumes you will reinvest in further parts with cash back.
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jimbob
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Post by jimbob on Oct 16, 2015 9:12:54 GMT
Well I've got 5 parts so I'll put them all up at different discount rates (And a couple at par) - and see how they do. I'll use the info for future strategy  |
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blender
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Post by blender on Oct 16, 2015 9:23:53 GMT
I suggest that you do not go any further with discounts than that which gives a buyer rate of 9%. This will be around 0.7% (at 18 months) and will leave you half the cash back.
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