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Post by GSV3MIaC on Mar 10, 2016 9:22:04 GMT
So what's your objection to cashback, as a demand moderator, or selling at a discount for people who really badly want to exit? Or were those not considered as price mechanisms?
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
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Post by littleoldlady on Mar 10, 2016 14:29:40 GMT
So what's your objection to cashback, as a demand moderator, or selling at a discount for people who really badly want to exit? Or were those not considered as price mechanisms? Well anyway that's the choice, fixed pricing with feast or famine or some sort of price mechanism. FS made a complete hash of their SM to begin with but they have modified it in the light of criticisms and it seems to have settled down a bit although it is still far from perfect. We could have auctions for the PM and discounts/premiums for the SM if that is what people want, but there is an appeal in the simplicity of a fixed 12%. To be honest I can see both sides of the argument so will be happy to go along with whatever SS decide.
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Post by thickmick on Mar 10, 2016 14:50:50 GMT
So what's your objection to cashback, as a demand moderator, or selling at a discount for people who really badly want to exit? Or were those not considered as price mechanisms? Well anyway that's the choice, fixed pricing with feast or famine or some sort of price mechanism. FS made a complete hash of their SM to begin with but they have modified it in the light of criticisms and it seems to have settled down a bit although it is still far from perfect. We could have auctions for the PM and discounts/premiums for the SM if that is what people want, but there is an appeal in the simplicity of a fixed 12%. To be honest I can see both sides of the argument so will be happy to go along with whatever SS decide. I know I'm a relatively new member to both SS and this forum, but SS seems to have a good track record and from what I've read only 1 single loan default or problem which appears to have been sorted out to everyone's satisfaction. As an investor, I like the 12% rate and the SM seems to be a fairly quick way to offload or diversify. To me it seems if it ain't broke, don't fix it. I'm not at the stage yet were I want/need to cash out but even if I had to wait a week it wouldn't be a huge concern to me. To have concerns as to whether SS are failing to do the DD with such a good track record does seem unwarranted to me. I've looked at several other P2P platforms and this one looks the most solid to me. Mike
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mv
Member of DD Central
Posts: 156 
Likes: 45
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Post by mv on Mar 19, 2016 20:52:31 GMT
I have liberated around 15k from SS over the past few weeks without any real difficulty (moved house and paying builder for works done). I have to say, I'm glad I sold most of it before the recent glut. Thankfully, I have a diversified set of loans, some of which remain fairly liquid.
No doubt there will be a drought soon with easter coming up and another payday...
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