ptr120
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Post by ptr120 on Jan 26, 2018 13:40:23 GMT
I think the graph shows some availability spikes when new loans have launched, but at a cursory look, typical availability seems to have floated around the half a million mark at best. Currently it is much higher than that and seems to be growing by the day
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pom
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Post by pom on Jan 26, 2018 15:55:06 GMT
I think the graph shows some availability spikes when new loans have launched, but at a cursory look, typical availability seems to have floated around the half a million mark at best. Currently it is much higher than that and seems to be growing by the day ...because we just had a loan launched, and a cashback loan just paid out.....
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elliotn
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Post by elliotn on Jan 26, 2018 16:04:58 GMT
I F I S A
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jonah
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Post by jonah on Jan 26, 2018 18:22:42 GMT
I think the graph shows some availability spikes when new loans have launched, but at a cursory look, typical availability seems to have floated around the half a million mark at best. Currently it is much higher than that and seems to be growing by the day Pretty graph that. I’m sure it could be done better though. 2017 MT had over quarter of a million for many months. Parts of 2016 had almost zero for weeks on end. In summary, the p2p market is rapidly changing, MT is growing and what the 2018 graph will end up like, I’ve no idea. But we aren’t really in “unusual times” yet.
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SteveT
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Post by SteveT on Jan 27, 2018 10:37:34 GMT
Lots of rare loan parts appearing (briefly) on the SM this morning. Presumably people trimming holdings to pay for COL and Lendy investments.
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Post by woodyalan on Jan 28, 2018 16:44:25 GMT
In reply to Jonah I would say we are living in very unusual times - namely IFISA times. I'm fairly sure you can only open one IFISA per financial year. MT were slow at getting their product to market and I opened another IFISA. I think the high SM availability is due to investors selling and transferring to get their full ISA entitlement with other p2ps. After April I'd be very surprised if the MT SM does not reduce substantially as more members take advantage of the MT IFISA.
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archie
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Post by archie on Jan 28, 2018 17:57:52 GMT
In reply to Jonah I would say we are living in very unusual times - namely IFISA times. I'm fairly sure you can only open one IFISA per financial year. MT were slow at getting their product to market and I opened another IFISA. I think the high SM availability is due to investors selling and transferring to get their full ISA entitlement with other p2ps. After April I'd be very surprised if the MT SM does not reduce substantially as more members take advantage of the MT IFISA. You can open many IFISA accounts in the same year but only fund one with new money. The other IFISA accounts could be funded with ISA transfers in.
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Post by woodyalan on Jan 28, 2018 18:59:24 GMT
archie thanks for that correction. I've had three glasses of wine since my last post but I'm still thinking my theory (not about dinosaurs) still stands ie after the beginning of the new tax year it's likely that the levels of SM availability will reduce big time.
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Post by df on Jan 28, 2018 19:33:28 GMT
Lots of rare loan parts appearing (briefly) on the SM this morning. Presumably people trimming holdings to pay for COL and Lendy investments. I trimmed a little bit yesterday, but not for adding more to existing Col&Ly loans.
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jonah
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Post by jonah on Jan 28, 2018 19:59:33 GMT
archie thanks for that correction. I've had three glasses of wine since my last post but I'm still thinking my theory (not about dinosaurs) still stands ie after the beginning of the new tax year it's likely that the levels of SM availability will reduce big time. Dinosaurs? In terms of ISAs, I agree that they will likely help mop up most loans going. That said, given you have a potential 100% loss instead of being able to offset other interest (so 80, 60 or 55% loss) I would hope people would be more selective with ISA cash. I expect a pretty low SM level though around ISA go live, but with a lot of ‘instant’ sales as people move loans into the wrapper.
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IFISAcava
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Post by IFISAcava on Jan 28, 2018 20:08:06 GMT
archie thanks for that correction. I've had three glasses of wine since my last post but I'm still thinking my theory (not about dinosaurs) still stands ie after the beginning of the new tax year it's likely that the levels of SM availability will reduce big time. Dinosaurs? In terms of ISAs, I agree that they will likely help mop up most loans going. That said, given you have a potential 100% loss instead of being able to offset other interest (so 80, 60 or 55% loss) I would hope people would be more selective with ISA cash. I expect a pretty low SM level though around ISA go live, but with a lot of ‘instant’ sales as people move loans into the wrapper. The tax savings in an ISA more than make up for lost tax relief on capital losses - unless you expect your overall losses to be larger than your overall interest across all platforms, in which case you wouldn't really be wanting to invest in P2P.
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Post by eascogo on Jan 28, 2018 20:26:19 GMT
The last three loans MTBA822 Newc-u-L, MTBE924 Six Sc P, FPAC928 SweetL have come under greater scrutiny. They have been slow (slower than usual) to fill. The latest loan is suffering the same birth pangs and cashback may soon appear as an incentive. Nice but another chunk would be dumped on the SM. I am not sure Qs have much to do with the anticipated IFISA and IMO more to do with the string of recent defaulted loans. MT has lost some its halo, confidence has been shaken. I am still in here but trying to reduce concentration on some loans. It's not easy to diversify at the moment.
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theshape
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Post by theshape on Feb 19, 2018 18:26:24 GMT
SM availability appearing to be above the peak availability of 2017. Seems to be steadily increasing across the majority of the loans.
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Post by funkymonkey on Feb 19, 2018 19:14:43 GMT
People trying to liquidate stuff so they can invest in ifisa next month?
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seeingred
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Post by seeingred on Feb 19, 2018 20:55:10 GMT
People trying to liquidate stuff so they can invest in ifisa next month? People trying to liquidate. MT needs some positive updates in dealing with what could be seen as a rash of questionable loans and poorly performing borrowers. Like on Lendy too, the honeymoon period is over.
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