POLL - SS forcing you to keep new loan parts....
Apr 29, 2016 22:10:06 GMT
jamesc and cooling_dude like this
Post by david42 on Apr 29, 2016 22:10:06 GMT
The 7 day constraint will make my account more difficult to manage and encourage me to move a little more money to competing platforms as opportunities arise.
48% of the loan parts I have sold in the last 4 months were less than 7 days old. Why so many trades?
1) Maintenance: Half of these trades were selling and rebuying my own loan parts to amalgamate loan parts and keep the list manageable. This could be better fixed by improved software, but in the mean time I find it necessary.
2) Diversity: spreading my investment between more loans to spread the risk. I still have 25% of my SS investment in just two loans while I try to grab whatever else comes up on the SM. So I get lots of practice spotting fuzzy pictures of American sandwiches and recreational vehicles.
3) Liquidity: I use SS for some of my short term funds as well as long term funds. Currently a strong competitive advantage of SS.
It is a shame that Saving Stream have chosen this solution to address abuse of the useful INPL facility. Withholding interest until investments are funded would have been a more accurately targeted solution.
48% of the loan parts I have sold in the last 4 months were less than 7 days old. Why so many trades?
1) Maintenance: Half of these trades were selling and rebuying my own loan parts to amalgamate loan parts and keep the list manageable. This could be better fixed by improved software, but in the mean time I find it necessary.
2) Diversity: spreading my investment between more loans to spread the risk. I still have 25% of my SS investment in just two loans while I try to grab whatever else comes up on the SM. So I get lots of practice spotting fuzzy pictures of American sandwiches and recreational vehicles.
3) Liquidity: I use SS for some of my short term funds as well as long term funds. Currently a strong competitive advantage of SS.
It is a shame that Saving Stream have chosen this solution to address abuse of the useful INPL facility. Withholding interest until investments are funded would have been a more accurately targeted solution.
