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Post by snappyfish on Dec 8, 2015 21:15:36 GMT
So as a newbie to savings stream, my browser is currently open on available loans! Something appears and I click invest.... and like magic it's gone???  |
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kaya
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Post by kaya on Dec 8, 2015 21:34:05 GMT
Yep, that's the way it is. You need magic fingers to get there first. I never do.
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ben
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Post by ben on Dec 8, 2015 21:45:23 GMT
So as a newbie to savings stream, my browser is currently open on available loans! Something appears and I click invest.... and like magic it's gone??? There a few more in the pipeline so be best pre funding. I never got much on the secondary market either, although it seems to only be last few weeks that everything has gone in seconds so give it time will probably go back to normal in a bit
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pom
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Post by pom on Dec 8, 2015 22:27:33 GMT
I think that although the page auto updates it's not necessarily quick to do so - you may be better off manually refreshing instead.
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mikes1531
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Post by mikes1531 on Dec 9, 2015 2:02:04 GMT
So as a newbie to savings stream, my browser is currently open on available loans! Something appears and I click invest.... and like magic it's gone??? : While I accept it may not be convenient for you, I'd suggest you visit the available loans page shortly after midnight if you can. Some lenders eager to squeeze every penny out of their investments wait until after the witching hour to sell their loans -- they earn another 3.3p per £100 loan part by doing so! There's obviously going to be less competition for parts at that hour as well. As I write this, there are parts in seven loans available, and some of them have been on the list for at least 15-20 minutes. And I don't mean parts that are measured in pence and not worth making an effort to acquire. The parts available now range in size from £50 to £2200.
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adrianc
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Post by adrianc on Dec 9, 2015 8:21:02 GMT
There's still ~£500 on there now, not doing much.
<edit: Oh, no, there isn't.>
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freddy
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Post by freddy on Dec 9, 2015 8:33:32 GMT
4p available. No fighting!
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Post by snappyfish on Dec 9, 2015 15:03:50 GMT
So PL004a and PL004b come up on SM quite a lot what's the reason for that?
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adrianc
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Post by adrianc on Dec 9, 2015 15:24:01 GMT
So PL004a and PL004b come up on SM quite a lot what's the reason for that? They're due to pay back any minute. p2pindependentforum.com/thread/2635/list-loan-updatesWorth holding, rather than having cash sat spare - but if there's the choice to have cash in them or one that's got <say> 10 months to run... Bye-bye-bungalow.
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SteveT
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Post by SteveT on Dec 9, 2015 15:34:39 GMT
So PL004a and PL004b come up on SM quite a lot what's the reason for that? They're due to pay back any minute. p2pindependentforum.com/thread/2635/list-loan-updatesWorth holding, rather than having cash sat spare - but if there's the choice to have cash in them or one that's got <say> 10 months to run... Bye-bye-bungalow. To be fair, they've been due to pay back any minute for many months now! 
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adrianc
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Post by adrianc on Dec 9, 2015 15:37:51 GMT
They're in a race with the boat and Southsea.
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rogerbu
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Post by rogerbu on Dec 9, 2015 16:04:20 GMT
I had 004, 22, 25 etc. I sold so that soon maturing loans were swapped for longer term loans. Otherwise I was happy to hold them to maturity.
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Post by snappyfish on Dec 9, 2015 23:01:32 GMT
So my first to get my first investments in PL004a and PL004b Remaining Time
-85 days , anything to worry about?
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registerme
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Post by registerme on Dec 9, 2015 23:19:22 GMT
So my first to get my first investments in PL004a and PL004b Remaining Time -85 days , anything to worry about? I'm not trying to be snippy, but you should ask yourself (and others) that before you invest.... That having been said I have pieces of both, and I don't think so(*). Both have been with Saving Stream for a while, both have been extended at least once. Both, I think, are still covered by the old Saving Stream structure (ie lending to Lendy Ltd rather than direct to the borrower). I think this is just part of the bridging business. I'm not completely comfortable with it, but neither am I running for the hills - to provide some balance, there are some here who deliberately sell out of older loans to invest in newer loans because they perceive the risks to be lower. I'm not sure who's right, and to an extent I don't care, as long as we all get wiser as a result  . (*) The status of which loans are under the old structure, and which the new, could absolutely be clearer. Unless Saving Stream have a clear, guaranteed, and fast route to getting everything to the "new" structure, vagaries could bite them, or lenders, or both, in the proverbial.
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mikes1531
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Post by mikes1531 on Dec 10, 2015 3:17:10 GMT
That having been said I have pieces of both, and I don't think so(*). Both have been with Saving Stream for a while, both have been extended at least once. Both, I think, are still covered by the old Saving Stream structure (ie lending to Lendy Ltd rather than direct to the borrower). I think this is just part of the bridging business. I'm not completely comfortable with it, but neither am I running for the hills - to provide some balance, there are some here who deliberately sell out of older loans to invest in newer loans because they perceive the risks to be lower. If a good portion of the remaining pipeline loans go live by the end of the year, and if few of the loans expected to repay imminently actually do repay, then there could be more short-dated loans still in circulation than people want. In that circumstance, I'd expect buyers for short-dated loans to become rarer and rarer -- to the point where it could take noticeably longer to sell those than longer dated loans. Whether that causes a problem is harder to guess at. Right now, there's a long list of loans available -- 11 of them, to be exact -- and most of those have been available for close to an hour. It may just be the fact that it's 3am, or it could be that the £4.3M of loans that went live in the past two days is as much -- or more -- than the SS market can absorb at the moment. We'll see whether there still are lots of parts available in the morning. If there are, then the SM may have entered a new phase -- and people may need to rethink the widespread assumption that loan parts can be sold at the drop of a hat. (There's also the issue of whether all the negative balances created by the new loan releases have been covered by sales or deposits, or whether SS are going to have to cancel some investors allocations/purchases and dump those parts back into the SM.) It could get messy! 
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