am
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Post by am on Mar 21, 2016 17:03:17 GMT
At par or at a discount?
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SteveT
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Post by SteveT on Mar 21, 2016 17:14:41 GMT
"4. Selling at a slight loss is acceptable"
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Greenwood2
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Post by Greenwood2 on Mar 21, 2016 17:19:47 GMT
On some platforms theoretically you could sell everything (at a loss and/or depending on other lender demand). On others you couldn't sell anything in 24 hrs, because of the way the secondary markets are set up. So I could pick ones where I might get 100% or nearly, or I could pick ones where I would get 0%. If I estimated based on the platforms I actually invest in, it would probably be about 30%.
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adrianc
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Post by adrianc on Mar 21, 2016 17:40:04 GMT
With the increase in supply of origination across P2P land and also secondary market availability, I thought a re-run of the poll from last September by ablrateandy might be interesting. Original comments; Assume that you were investing to maintain an amount of liquidity (ie not just yield hunting) and you could invest 300k in the 6 platforms of your choice. Suddenly, you get a letter out of the blue from your long lost Nigerian cousin saying that if you send him £300k tomorrow, he will send you back £286,000,000 by return. How much do you think you could raise through secondary market sales in that 24 hour period from your 300k? Please assume : 1. I don't want to know the platforms (  ) 2. That there is some amount of defaults in line with your experience on those platforms (ie. if you chose a platform where you have a 20% impairment rate and you can't sell impaired loans then you should assume that it can't be sold) 3. There don't have to be six platforms - it is a maximum 4. Selling at a slight loss is acceptable It's for a blog post that I am writing about liquidity. Can I go with a separate option, given the scenario? [ x ] I'm not daft enough to fall for that...
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Greenwood2
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Post by Greenwood2 on Mar 21, 2016 21:01:13 GMT
Didn't say I would send the proceeds to my Nigerian cousins, fond though I am of them.
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jfm
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Post by jfm on Mar 27, 2016 15:18:34 GMT
I thought the Nigerian cousins were going to supply a whole lot more funds to invest from my long lost uncle's estate. They only need a very small amount of liquidity to pay the bank fees.
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Liz
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Post by Liz on Mar 27, 2016 17:45:46 GMT
With all these bank holidays, liquidating will take time. Some sales won't even be listed on the SM until Tuesday, at best.
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