cooling_dude
Bye Bye's for the PPI
Posts: 2,853 
Likes: 4,298
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Post by cooling_dude on May 10, 2016 21:52:47 GMT
Hang on, because there is a noise coming from my basement...  bl***dy hell your not an american are you? its a cellar from where i come ...  Ha... I'm not an American but should know better... Considering I'm a refrigeration engineer and I installed a cellar cooling system today . Ironically it wasn't in a cellar (it was In the middle of canary wharf of all places).
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Post by earthbound on May 10, 2016 22:00:49 GMT
bl***dy hell your not an american are you? its a cellar from where i come ... Ha... I'm not an American but should know better... Considering I'm a refrigeration engineer and I installed a cellar cooling system today . Ironically it wasn't in a cellar (it was In the middle of canary wharf of all places). PHEW.. the last thing we need here is y**ks telling us how to run our property market..  city and guilds... always the correct way in my book. edit.. my son recently (actually 5 yrs ago) finished his c&g and a lovely little joiner he is too.  pps. im using some of my lovely profits from p2p investing and disappearing to Thailand tomorrow ( and im taking my wife) .... see you in a fortnight... hopefully
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Post by penguinz on May 11, 2016 10:10:47 GMT
Hi guys, forgive the newbie question, I'm quite new to this. I have been unable to pick anything up on the SM as there is nothing on there every time I check. Granted I only check about once a day. I then decided to pre-fund the Hull student developments which have just sat there for over 2 weeks. Should I be pre-funding more than I want/need and then cancel the stuff I don't want after my funds have been matched or how do you guys go round this?
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adrianc
Member of DD Central
Posts: 10,019
Likes: 5,147
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Post by adrianc on May 11, 2016 11:11:18 GMT
Hi guys, forgive the newbie question, I'm quite new to this. I have been unable to pick anything up on the SM as there is nothing on there every time I check. Granted I only check about once a day. I then decided to pre-fund the Hull student developments which have just sat there for over 2 weeks. Should I be pre-funding more than I want/need and then cancel the stuff I don't want after my funds have been matched or how do you guys go round this? The SM rarely has anything available for very long - then, when it does, everybody complains of a glut and decreased liquidity... Hang around, and something'll pop up sooner or later, but you will need to be quick. Just after midnight is a good time to go hunting. As for pre-funding, you'll get a 24hr notice email before any of the pre-funds go live. Hull...? Well, I wouldn't be holding your breath on that one, it's like part of the furniture. Have a read of the way the pre-funding gets allocated, because it does vary. Loans under £1m, everybody gets the same (so long as your PF amount is at least that much. Loans over £1m, everybody's PF amount is scaled according to how much the loan's over-subscribed. Have a look at the pre-fund thread to see how previous PFs have fared, but every one is different. As a rough rule of thumb, you could work on about £4-5m of PF for smaller loans, £3m or so for larger, because of people over-funding. Once a loan's gone live, there's usually a day or three of happy hunting in the SM, too, especially a larger loan.
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borofan
Member of DD Central
Posts: 65
Likes: 13
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Post by borofan on May 11, 2016 11:57:43 GMT
How riskier would people say is SS compared to Zopa and Ratesetter?
Are most people happy to have the same amount or more in SS at 12% as they do in the other two gaining half or less that?
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adrianc
Member of DD Central
Posts: 10,019
Likes: 5,147
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Post by adrianc on May 11, 2016 12:10:20 GMT
How riskier would people say is SS compared to Zopa and Ratesetter? I can't speak for Zopa, because I'm not on there. RS - you have a wide spread of borrowers, and a well-funded provision fund, If a few borrowers go south, then the PF won't even blip. Borrowers go south all the time, and we don't even notice. SS - you have a very small number of borrowers, and a "discretionary" PF. If a few borrowers go south, then the PF may not step in, or it may get swamped, or... Precisely one borrower has gone south in the history of the platform, and that was a small loan compared to some.
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Post by GSV3MIaC on May 11, 2016 12:53:48 GMT
How riskier would people say is SS compared to Zopa and Ratesetter? Are most people happy to have the same amount or more in SS at 12% as they do in the other two gaining half or less that? Read the thread p2pindependentforum.com/thread/5305/net-return-after-losses for a start. There is also a very applicable old adage about baskets and eggs, so even if one P2P platform looked head and shoulders above the rest, I'd still not want to be too heavily into it.
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Post by penguinz on May 12, 2016 10:07:36 GMT
Hi guys, forgive the newbie question, I'm quite new to this. I have been unable to pick anything up on the SM as there is nothing on there every time I check. Granted I only check about once a day. I then decided to pre-fund the Hull student developments which have just sat there for over 2 weeks. Should I be pre-funding more than I want/need and then cancel the stuff I don't want after my funds have been matched or how do you guys go round this? The SM rarely has anything available for very long - then, when it does, everybody complains of a glut and decreased liquidity... Hang around, and something'll pop up sooner or later, but you will need to be quick. Just after midnight is a good time to go hunting. As for pre-funding, you'll get a 24hr notice email before any of the pre-funds go live. Hull...? Well, I wouldn't be holding your breath on that one, it's like part of the furniture. Have a read of the way the pre-funding gets allocated, because it does vary. Loans under £1m, everybody gets the same (so long as your PF amount is at least that much. Loans over £1m, everybody's PF amount is scaled according to how much the loan's over-subscribed. Have a look at the pre-fund thread to see how previous PFs have fared, but every one is different. As a rough rule of thumb, you could work on about £4-5m of PF for smaller loans, £3m or so for larger, because of people over-funding. Once a loan's gone live, there's usually a day or three of happy hunting in the SM, too, especially a larger loan. Thanks for the answer, it's all a lot clearer now. I'll try just after midnight tonight.
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treeman
Member of DD Central
Posts: 1,026
Likes: 557
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Post by treeman on May 12, 2016 10:36:15 GMT
The SM rarely has anything available for very long - then, when it does, everybody complains of a glut and decreased liquidity... Hang around, and something'll pop up sooner or later, but you will need to be quick. Just after midnight is a good time to go hunting. <SNIP> Once a loan's gone live, there's usually a day or three of happy hunting in the SM, too, especially a larger loan. Thanks for the answer, it's all a lot clearer now. I'll try just after midnight tonight. I had one of my occasional midnighters last night to park some of yesterday's payback. Reasonable amount changing hands (with some success) but you need to be very quick !!! If we get a go-live notice today, then as others have said, there will be a volume increase tonight/tomorrow morning as some people prepare their positions in advance, followed by a scrum once allocations are known. Best of luck! 
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Post by solicitorious on May 15, 2016 17:09:56 GMT
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Post by p2plender on May 15, 2016 19:02:06 GMT
What's the 'maximum account deficit' one can have? Thanks.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
Likes: 11,549
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Post by ilmoro on May 15, 2016 19:24:37 GMT
What's the 'maximum account deficit' one can have? Thanks. See answers on PF limits & SM limits in first post
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Post by p2plender on May 15, 2016 21:04:39 GMT
Thanks, apologies for being lazy  Edit: Reading that answered other niggling questions! |
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Post by p2plender on May 16, 2016 9:38:17 GMT
Why are large loan chunks popping up in the SM and disappearing in an instance? Soon as you click on they're gone.
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SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
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Post by SteveT on May 16, 2016 9:51:48 GMT
Why are large loan chunks popping up in the SM and disappearing in an instance? Soon as you click on they're gone. Because people are buying them very quickly. How they manage this is widely discussed in various threads on the SS board. "Search" is your friend
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city and guilds... always the correct way in my book.
