SM dried up?

Yes, it certainly is pretty slow the last few days, although I shifted some last w/end. Basically the upped %ages autobodge is allowed to buy means that as long as there are SOME auctions over 2 days old, almost ever last cent is pushed in that direction .. only exception seems to be where a newbie shows up with a big deposit, and autobodge can't invest it all in current auctions. There is so much out there though that 1 per hundred looks a good daily sale rate .. with only 25 you are for sure struggling.

As for manual buyers (and SM bots) .. I think they have largely voted with their feet .. like you, they are selling up and heading to places like (to judge from the shortage of supply there) Savings Trickle.

Hmm guess I should be glad I've already got rid of everything lower than an A then (and only have 2 SME parts left)....like it really seems to make much difference in real risk terms! Oh well fingers crossed

I have been involved actively on FC for five months, when I first started it was really fun buying and selling loan parts, its difficult to believe in that short space of time FC by its own short sighted actions have effectively destroyed that marketplace. A couple of months ago I traded up to 100 loan parts a day now its less than 5. I guess all good things come to an end but I did not think it would be this quick, all I can say is that I envy all you boys and girls for the multi years of fun and returns! you have had. I think going forward even E's other than the very small ones are going to struggle to fill, what are they going to do with 17174 buy it all themselves or add cashback ?  

I agree the fun has definitely gone!  I started investing 18 months ago originally looking for somewhere to park cash, earn a reasonable return with good liquidity to access the cash if needed.  It was soon transparent that if you were inclined to invest a bit of time, you could significantly enhance returns by flipping loan parts etc and I became more of a trader than investor.  However, it was more the fun of trading the loan parts than the additional return which resulted in my spending a completely disproportionate amount of time on FC.  On a purely economic basis, my time would have been better spent elsewhere - something my better half constantly reminds me of!  Now that the change to fixed rates has significantly reduced the ability to enhance returns via trading, I will revert to being a passive investor (I may even contemplate using auto-bodge), which had been my original intent.

Incidentally, I believe the move to fixed rates is far fairer to the average investor and the vast majority of investors on the platform.  I see the returns as a being a zero sum game, ie traders/flippers make greater returns at the cost of the majority whom either don't have the time or fully understand the platform.  So I fully understand and support what FC has attempted to do by introducing fixed rates, even though I agree on how they have gone about it or fully thought the implication all the way through.  Ultimately, the only way I see fixed rates working is if they move fully towards Zopa's model with investment pools rather than allowing individual loan bidding.  The variability in loan/investment supply/demand is such that FC will have to become a significant underwriter of the loans in the PM and sell in the SM, even if they try to be more active in managing flows by varying the level of fixed rates on a weekly basis.  

Nor me. With only 40-50 listed (ignoring property at par) I'm selling 3-5 minimum every day this month (except 7th). A+ to D. No discounts. Many below fixed rates. Like Bs at 9.5%. Must be manual buyers......
Ex CB property bits market is swamped......

Someone took a (very) hopefully punted C at 9.1% this morning ! ......

Theories? Won't get one from me!
Guess it's potluck who the buyers click on - logic doesn't seem to have any part to play.

Hmm, I can either believe FCs stats page (how often do they update it and how current is it?) or I can believe my own eyes .. the SM is definitely deader than a door-nail, at least at par, this weekend. It's pretty obvious where the money is going to .. there are lots of eligible (not 100% funded) loans on the PM, several of which are real dogs and need all the help they can get.

Hmm, be interesting to chart the 'PM funding gap' vs time (how much money can it soak up .. although for the first 2 days of each auction it'd be a guess, since we don't know how much of the bidding is part of the autobodge 50%, vs how much come from liveware).

I'm selling a few. It's been better, but it's certainly been worse as well.