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Post by portlandbill on Apr 27, 2016 11:26:47 GMT
If i want to invest in the secondary market, how do I know how long a loan has to run?
As has happened again today following the going live of the IOW loan, the opportunities are fleeting and I don't have time to check what's going on before someone else has swept them up!
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SteveT
Member of DD Central
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Post by SteveT on Apr 27, 2016 11:27:50 GMT
Do your research in advance. Make a shopping list.
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
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Post by cooling_dude on Apr 27, 2016 11:28:21 GMT
If i want to invest in the secondary market, how do I know how long a loan has to run? As has happened again today following the going live of the IOW loan, the opportunities are fleeting and I don't have time to check what's going on before someone else has swept them up! (Note - I have copy and pasted the following from my post found here; you might want to read that thread  )
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Post by portlandbill on Apr 27, 2016 11:28:48 GMT
Do your research in advance. Make a shopping list. But, looking into each one, I cant see a start and end date listed anywhere?
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SteveT
Member of DD Central
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Post by SteveT on Apr 27, 2016 11:30:09 GMT
Do your research in advance. Make a shopping list. But, looking into each one, I cant see a start and end date listed anywhere? See the "Particulars" tab on the loan page.
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Post by portlandbill on Apr 27, 2016 11:32:26 GMT
But, looking into each one, I cant see a start and end date listed anywhere? See the "Particulars" tab on the loan page. I see something like this:- LOAN TERM (MIN) 1 month LOAN TERM (MAX) 113 days Is that "1 month" and "113 days" from todays date?
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
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Post by cooling_dude on Apr 27, 2016 11:35:02 GMT
See the "Particulars" tab on the loan page. I see something like this:- LOAN TERM (MIN) 1 month LOAN TERM (MAX) 113 days Is that "1 month" and "113 days" from todays date? No; that is the terms that were set out when the loan went live (and they are fairly ambiguous on older loans). For the remaining time, simply look at the "REMAINING TERM" column in the "LIVE LOANS" tab. This remaining term is supposed to indicate the time that interest has been paid, but again this is fairly ambiguous.
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SteveT
Member of DD Central
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Post by SteveT on Apr 27, 2016 11:36:16 GMT
It means the loan should have 113 days still to run. This counts down from the original max term. The min term relates only to the start of the loan.
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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
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Post by ilmoro on Apr 27, 2016 11:42:51 GMT
Note that the accuracy of remaining time on several loans is open to question as updates reporting extensions do not always seem to tally with remaining run times/initial loan term. Furthermore hardly any loans actually redeem on time. See here |
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Post by portlandbill on Apr 27, 2016 11:59:34 GMT
seems I'm gonna have to get a bit nifty around the keyboard in future!
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goopy
Member of DD Central
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Post by goopy on Apr 27, 2016 13:37:31 GMT
seems I'm gonna have to get a bit nifty around the keyboard in future! With the SM as liquid as it is at the moment the best bet is to buy what you can then if you don't like the look of it after you've bought it sell it again.
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. Once your pot has been invested, you'll be glad that the SM works to your advantage when you need funds.
