SteveT
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Post by SteveT on Dec 2, 2015 18:21:31 GMT
There have certainly been extended periods in the past (ie. weeks rather than days) when there's been excess availability on the SM across multiple loans, most recently in much of September. I'm with mikes1531 : be careful what you wish for. |
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Post by supernumerary on Dec 2, 2015 18:52:35 GMT
Having spent more time that I perhaps should watching the page refresh for SM investment opportunities to appear only to realise my arthritic fingers are just not fast enough to grab more that a tiny portion of one loan, I wonder about the feasibility of a pre-fund EOI for the SM. I appreciate your frustration, as I spent a few hours trying to get my November interest loaned out. Some people are very fast, it is there, then it is gone... Eventually though, I got lucky.  My opinion, keep it as it is, because overcomplicating, would mean it would be less fun. There is a strategy to it and when you get the money on, there is a feeling of winning and beating the 'bots'... 
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jonah
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Post by jonah on Dec 2, 2015 19:05:10 GMT
If both of the two giants go live close together, I would guess around three weeks for all of the to be digested. Other loans would also likely be somewhat elongated during that time too.
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t
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Post by t on Dec 3, 2015 1:10:15 GMT
Maybe just a simple queue system where you can see how much money is in front waiting to go into a loan and you can then decide if you want to get in that queue
and that would work both ways if you could see how much money was waiting to go in then it would work as a instant sell
win win
bots would not be able to jump the queue probolem solved
and it would not matter if you wanted £25 or 100000 you would no where you stand
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ablender
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Post by ablender on Dec 3, 2015 6:47:09 GMT
What if someone with deep pockets puts something like £100,000? Why should I be made to wait after him just because he or she might not be fast enough? I see this as creating a prejudice in favour of richer people and against people with small amounts of money or people starting on P2P.
Why do you think that this is more fair than the system we have now?
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Post by meledor on Dec 3, 2015 8:11:23 GMT
The good thing about the current situation with the SM is that the strength of demand is highly visible and instant, which is reassuring should I need to sell down my holding in a hurry. I worry that too many people will start presuming that the SM will always have an excess of demand and thus mean instant sales of any parts offered. ....
Who knows how things will be in the future? But having pre-funding of SM takes away an important role of the SM which is that it provides an indicator of liquidity in the platform. Hiding demand behind pre-set targets would obscure what is very obvious at the moment - the strength of demand in the SM. That excess demand may not always continue to be the case is no reason in itself for having a pre-funded SM.
Having visibility of demand and supply is good for a healthy market; fiddling around with rationing and allocation methods is invariably a bad idea.
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Post by ogwellian on Dec 3, 2015 9:13:54 GMT
I've set a Web Alert on my browser for when SM parts become available, but I'm still not quick enough, as it's almost impossible to enter an amount to buy - on Chrome on Android the field is filled in £0.00 and it's impossible to clear, only adjust and the cursor has a life of its own.
Looking like the only way in, is to oversubscribe on the pre-fund and sell any excess.
Pointless keeping uninvested money in the account as buying on the SM is almost impossible.
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Post by Deleted on Dec 3, 2015 9:29:54 GMT
Perhaps we should have a pipeline for the pipeline and a pipeline for SM? As our Oz friends would say "Jeez mate" are we losing the plot? |
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adrianc
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Post by adrianc on Dec 3, 2015 9:56:04 GMT
What if someone with deep pockets puts something like £100,000? Why should I be made to wait after him just because he or she might not be fast enough? I see this as creating a prejudice in favour of richer people and against people with small amounts of money or people starting on P2P. Why do you think that this is more fair than the system we have now? If there's £100k in the queue in front of you for parts in a particular PBL, does it make a difference if it's from 1x £100,000 buyer or 1,000x £100 buyers? Either join the back of the (long...) queue, or accept that it'll be a while before any of that PBL is up for sale. So join the queue for something else... 'course, that does beg the question "What happens if somebody puts £100k in every PBL?" Well, unless they really DO have £5m or whatever handy, then they're going to be cancelling some of those buy orders quite soon. Clearly, there's not anybody who's that big a hitter, else we wouldn't get the SM glut that inevitably follows a big launch, because they'd mop that lot up without breaking a sweat.
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t
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Post by t on Dec 3, 2015 12:38:44 GMT
Hi ablender
i can see what your saying regarding the deep pocket but at least you could see where the money was waiting and could save tons of time and effort and if there are smart computer ppl using the site then they would have to work harder
it was just my opinion it would save a lot of time and frustration to be able to put your money in line and get on with life
btw I'm ok with system as it is I just change the way I'm doing things now i put my £* on the new loans less frustration
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Post by uncletone on Dec 4, 2015 23:15:55 GMT
, as it's almost impossible to enter an amount to buy - on Chrome on Android the field is filled in £0.00 and it's impossible to clear, only adjust and the cursor has a life of its own. I shouldn't give away trade secrets, but you don't have to clear that field. Just click in it and type the number, bang return twice, and wait a moment for the "Sorry you were too slow" screen to come up.
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ablender
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Post by ablender on Dec 4, 2015 23:35:38 GMT
Hi ablender i can see what your saying regarding the deep pocket but at least you could see where the money was waiting and could save tons of time and effort and if there are smart computer ppl using the site then they would have to work harder it was just my opinion it would save a lot of time and frustration to be able to put your money in line and get on with life btw I'm ok with system as it is I just change the way I'm doing things now i put my £* on the new loans less frustration Sorry but I have to disagree with the whole principle. A person should have one place in a queue which should be equal to anyone else not many places according to how much they can pay. I do not someone putting £100 waiting to buy a part of a loan (because that is what he has) and someone allowed to put £100000 as being equal treatment. Now people can put various arguments in order to justify many situations. Since my objection is with the fundamental principle, it is going to take a lot of persuasion to change my point of view.
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Post by highlandtiger on Dec 5, 2015 9:50:54 GMT
I think the majority of people here are entirely missing the point of the SM The SM is there for SELLING parts of a loan you no longer wish to hold.
SS have created the SM to give us a quick way of exiting our investment should we require it. It does nothing to help their business model of loaning money because they already have the money in the bank from the initial offering from investors. They need investors to keep picking up new loans not old ones in order to move forward.
Changing anything with the SM will be detrimental to the workings of the site and I for one don't want anything changed.
If I want to sell, then I want it sold in seconds If I want to increase my investments then I'll do it via the pipeline system with new loans.
It is perfect the way it is. Changing it because a few people can't wait and don't have the patience to wait a few days or weeks for new loans to appear is in my mind, stupid.
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Post by ladywhitenap on Dec 5, 2015 10:37:15 GMT
Highlandtiger, the current model may well work perfectly for you and other established investors but I am trying to establish a portfolio with the source funds earning next to nothing elsewhere.
I have set a plan of investing £60k diversified across at least 30 loans on SS. It has taken over 4 months so far to place £40k on 24 loans and whilst the pre-funding of new loans has helped hugely, buying on the SM would be of great benefit to achieving my plan.
I do not accept that 4 months to place 2/3rds of my budget is an acceptable rate of progress or that I'm being impatient.
LW
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SteveT
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Post by SteveT on Dec 5, 2015 10:41:29 GMT
Highlandtiger, the current model may well work perfectly for you and other established investors but I am trying to establish a portfolio with the source funds earning next to nothing elsewhere. I have set a plan of investing £60k diversified across at least 30 loans on SS. It has taken over 4 months so far to place £40k on 24 loans and whilst the pre-funding of new loans has helped hugely, buying on the SM would be of great benefit to achieving my plan. I do not accept that 4 months to place 2/3rds of my budget is an acceptable rate of progress or that I'm being impatient. LW IMHO, 4 months to place 2/3rds of your budget across 24 loans is pretty fair going if you're not prepared to take advantage of the exceptional liquidity of SS's SM (by investing more in new pre-funded loans initially and managing down your stakes later).
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