tombraider
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Post by tombraider on Feb 23, 2016 21:56:55 GMT
This has prompted me to have a look at my book. I find that I'm invested in 45 separate loans, all with a minimum of 56 days remaining. I sold out of some shorter time remaining loans this morning to fund other purchases. I have a maximum 'per loan' that I am willing to invest. I'm happy with my spread, except that I am over-invested with a couple of borrowers where they have multiple loans. As new loans are launched, I will sell these down to my maximum. I started investing in SS on 30th September last year, so it is certainly possible to build a diversified holding over the space of a few months. Thats been my strategy too. Get the money invested first in a few loans and then sit and play the excruciating tick the pictures game to purchase loan parts in the newer loans and sell out of the older loans. I avoid the - days loans altogether. The ability to purchase loans without having the cash in the account is a really attractive feature of the site. I have approx 40 loans varying 100-1000 ideally I want then all even amounts but as some said earlier having multiple loans on the same property / farmland only counts as one loan.. My only concern with this approach is,is it worth diversifying across the sites too. Not sure even that would help if the whole p2p industry tanks or land values fall. Id rather have it in land though than one sites offerings of art and overvalued electronics...... I have 80% here and 5% thin cats....
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Liz
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Post by Liz on Feb 23, 2016 21:59:04 GMT
This has prompted me to have a look at my book. I find that I'm invested in 45 separate loans, all with a minimum of 56 days remaining. I sold out of some shorter time remaining loans this morning to fund other purchases. I have a maximum 'per loan' that I am willing to invest. I'm happy with my spread, except that I am over-invested with a couple of borrowers where they have multiple loans. As new loans are launched, I will sell these down to my maximum. I started investing in SS on 30th September last year, so it is certainly possible to build a diversified holding over the space of a few months. You must have a bot operating on the SM.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Feb 23, 2016 22:03:10 GMT
This has prompted me to have a look at my book. I find that I'm invested in 45 separate loans, all with a minimum of 56 days remaining. I sold out of some shorter time remaining loans this morning to fund other purchases. I have a maximum 'per loan' that I am willing to invest. I'm happy with my spread, except that I am over-invested with a couple of borrowers where they have multiple loans. As new loans are launched, I will sell these down to my maximum. I started investing in SS on 30th September last year, so it is certainly possible to build a diversified holding over the space of a few months. You must have a bot operating on the SM You're being paranoid Liz ! I started investing is SS (proper) November last year, and now have 35 separate investments, all with at least 100 days remaining. No BOTS...... promise 
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nush
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Post by nush on Feb 23, 2016 22:45:32 GMT
i started mid november, i have 34 loans, im not a big investor and wouldnt know how to set a bot up. i think SS was the easiest to diversify when i started but its much harder now the secondary market has more buttons to press than a jet fighter plane. i tried the SM earlier today and its slowly getting to be a total pain. i did get a little bit though.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Feb 23, 2016 22:47:00 GMT
i started mid november, i have 34 loans, im not a big investor and wouldnt know how to set a bot up. i think SS was the easiest to diversify when i started but its much harder now the secondary market has more buttons to press than a jet fighter plane. i tried the SM earlier today and its slowly getting to be a total pain. i did get a little bit though. Hang about for a month...... I predict that the SM is about to get much easier to invest in..... 
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nush
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Post by nush on Feb 23, 2016 22:51:16 GMT
i started mid november, i have 34 loans, im not a big investor and wouldnt know how to set a bot up. i think SS was the easiest to diversify when i started but its much harder now the secondary market has more buttons to press than a jet fighter plane. i tried the SM earlier today and its slowly getting to be a total pain. i did get a little bit though. Hang about for a month...... I predict that the SM is about to get much easier to invest in..... i think you are right, but all the effort to stop bots really only made things harder for people who found they had more buttons to press, fastest finger first became fastest internet speed first
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Post by sterilized on Feb 23, 2016 22:56:35 GMT
I have 55 loans with SS but I must admit that I have been with them since the early days. It is now much easier to diversify especially as the number of loans which become available appears to be increasing. Diversification is the key not just on SS but on all sites. Hence I have had very few losses with defaults as a percentage of my total investments.
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beechside
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Post by beechside on Feb 23, 2016 23:22:57 GMT
No BOTS...... promise The only bot I have is the one I sit on at strange hours of the day, refreshing the screen to grab what I can on the SM. . .
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sildenafil
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Post by sildenafil on Feb 23, 2016 23:51:47 GMT
I started investing eight days ago and I'm in 30 different loans currently, ranging from £100-£800. All positive days remaining. Very happy with the range of loans I have but still a few more I would like. The first few days on the SM seemed impossible to get anything but the last few days has been a lot easier. It has a lot to do with timing and luck, I guess. Reading this forum has made a huge difference too and I want to thank people for imparting their knowledge on here.
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mikes1531
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Post by mikes1531 on Feb 24, 2016 3:29:19 GMT
I predict that the SM is about to get much easier to invest in..... I agree. And it's starting to happen already. Lots of parts get offered starting just after midnight, and they don't all disappear instantly. At the moment, there are parts available in 14 loans, and six of those have positive Remaining Terms. I expect this trend to continue, and the time it takes for most of those parts to be taken up will gradually increase until there will be a good selection to choose from in the morning, then at lunchtime, then afternoon, etc.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Feb 24, 2016 8:53:35 GMT
I predict that the SM is about to get much easier to invest in..... I agree. And it's starting to happen already. Lots of parts get offered starting just after midnight, and they don't all disappear instantly. At the moment, there are parts available in 14 loans, and six of those have positive Remaining Terms. I expect this trend to continue, and the time it takes for most of those parts to be taken up will gradually increase until there will be a good selection to choose from in the morning, then at lunchtime, then afternoon, etc. Yep... And it is not the "just after midnight" syndrome. The SM is very busy, and less liquid this very morning....
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Liz
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Post by Liz on Feb 24, 2016 9:16:00 GMT
The gaming crunch could just be around the corner, my prefunds will now be adjusted lower.
Then again a raft of repayments and the SM will be as dry as a badgers mouth again, and loans massively oversubscribed.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Feb 24, 2016 9:20:29 GMT
The gaming crunch could just be around the corner, my prefunds will now be adjusted lower. Then again a raft of repayments and the SM will be as dry as a badgers mouth again, and loans massively oversubscribed. I would be honest Liz; with the way the PM is looking, and with the assumption that the SM is going to become far less liquid at the next large loan; I would be very cautious and put pre-funding exactly where you would like it (i.e the amount that you would like).
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Liz
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Post by Liz on Feb 24, 2016 9:41:54 GMT
The gaming crunch could just be around the corner, my prefunds will now be adjusted lower. Then again a raft of repayments and the SM will be as dry as a badgers mouth again, and loans massively oversubscribed. I would be honest Liz; with the way the PM is looking, and with the assumption that the SM is going to become far less liquid at the next large loan; I would be very cautious and put pre-funding exactly where you would like it (i.e the amount that you would like). Now where is the fun in that? I have a tons of the new loans, so can sell if need be, it's the older loans that will start not selling first. Everything I'm buying now is funded by selling other loans for diversity, so if the SM came to a standstill, I and many others, wouldn't be able to meet clear their negative balance. bTW I think lots of people have loaded up on recent loans, due to the famine. I for one have about £20k still to diversify, and I'm a long term member.
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Post by dodgeydave on Feb 24, 2016 9:51:29 GMT
I would be honest Liz ; with the way the PM is looking, and with the assumption that the SM is going to become far less liquid at the next large loan; I would be very cautious and put pre-funding exactly where you would like it (i.e the amount that you would like). Now where is the fun in that? I have a tons of the new loans, so can sell if need be, it's the older loans that will start not selling first. Everything I'm buying now is funded by selling other loans for diversity, so if the SM came to a standstill, I and many others, wouldn't be able to meet clear their negative balance. bTW I think lots of people have loaded up on recent loans, due to the famine. I for one have about £20k still to diversify, and I'm a long term member. I too have moved to the newer loans and dumped those that are due to pay off. But to over bid on Pre funding ( which i am against ) and then you are taking a risky strategy that the SM will remain fluid
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