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Post by khampson on Jun 3, 2016 4:48:43 GMT
Hi am looking for somewhere to invest some money in p2p, had a look around ss and was wondering why some loans listings have a negative number for days remaining,are these loans late? Also is there plenty of activity in the secondary market so I can get my funds lend out quickly around 2k in small loans to get on the ladder without waiting for new loans.
Thanks
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poppyland
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Post by poppyland on Jun 3, 2016 5:56:01 GMT
The negative days don't necessarily mean that the loan will repay soon, as sometime SS has given the client an extension.
But as a rule of thumb, if you want to keep your money in the investments for a while, try to buy loans with numbers higher than 70. These will also be more likely to sell quickly, especially the loans where the overall sum lent was relatively small. The land in Bedfordshire, for example, has gone through phases where it took a few days to sell on the secondary market, but right now it sells fast.
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archie
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Post by archie on Jun 3, 2016 6:45:49 GMT
Hi am looking for somewhere to invest some money in p2p, had a look around ss and was wondering why some loans listings have a negative number for days remaining,are these loans late? Also is there plenty of activity in the secondary market so I can get my funds lend out quickly around 2k in small loans to get on the ladder without waiting for new loans. Thanks The way the SM operates for SS can be rather frustrating. Loans go very quickly (unless they have negative days or few days left). Quite often you have to complete a 'captcha' to signify you aren't a bot, loan will most likely be sold before you complete the purchase.
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locutus
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Post by locutus on Jun 3, 2016 7:30:58 GMT
Hi am looking for somewhere to invest some money in p2p, had a look around ss and was wondering why some loans listings have a negative number for days remaining,are these loans late? Also is there plenty of activity in the secondary market so I can get my funds lend out quickly around 2k in small loans to get on the ladder without waiting for new loans. Thanks There are two loans due to go live today. If you're quick to sign up and prefund, you can have your money lent out today.
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adrianc
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Post by adrianc on Jun 3, 2016 7:49:42 GMT
Hi am looking for somewhere to invest some money in p2p, had a look around ss and was wondering why some loans listings have a negative number for days remaining,are these loans late? Also is there plenty of activity in the secondary market so I can get my funds lend out quickly around 2k in small loans to get on the ladder without waiting for new loans. Thanks There are two loans due to go live today. If you're quick to sign up and prefund, you can have your money lent out today. BUT... If you pre-fund for 50% each of the amount you want to lend today, you'll have plenty of money left over, because they'll be over-subscribed. If you pre-fund sufficiently high that you get more than you want to lend today, you'll have to sell other parts - which you've owned for more than 7 days - to get back to the amount you want to transfer in. If I were you, I'd pre-fund for an amount that's likely to leave you under your target (I'm expecting about 30% across the two, so if you want to lend £1,000 on each, then pre-fund for £2,000 or so), then diversify by buying on the SM. There's going to be a variety available, I suspect, as those who've over-pre-funded learn the implications of the 7-day cap...
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Liz
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Post by Liz on Jun 3, 2016 7:54:52 GMT
There are two loans due to go live today. If you're quick to sign up and prefund, you can have your money lent out today. BUT... If you pre-fund for 50% each of the amount you want to lend today, you'll have plenty of money left over, because they'll be over-subscribed. If you pre-fund sufficiently high that you get more than you want to lend today, you'll have to sell other parts - which you've owned for more than 7 days - to get back to the amount you want to transfer in. If I were you, I'd pre-fund for an amount that's likely to leave you under your target (I'm expecting about 30% across the two, so if you want to lend £1,000 on each, then pre-fund for £2,000 or so), then diversify by buying on the SM. There's going to be a variety available, I suspect, as those who've over-pre-funded learn the implications of the 7-day cap... How is he supposed to sell any excess he gets?
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adrianc
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Post by adrianc on Jun 3, 2016 7:57:46 GMT
BUT... If you pre-fund for 50% each of the amount you want to lend today, you'll have plenty of money left over, because they'll be over-subscribed. If you pre-fund sufficiently high that you get more than you want to lend today, you'll have to sell other parts - which you've owned for more than 7 days - to get back to the amount you want to transfer in.
If I were you, I'd pre-fund for an amount that's likely to leave you under your target (I'm expecting about 30% across the two, so if you want to lend £1,000 on each, then pre-fund for £2,000 or so), then diversify by buying on the SM. There's going to be a variety available, I suspect, as those who've over-pre-funded learn the implications of the 7-day cap... How is he supposed to sell any excess he gets? May I respectfully suggest you re-read the bits I've highlighted?
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archie
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Post by archie on Jun 3, 2016 8:01:41 GMT
With the sums of money involved I don't think SS is really suitable IMHO  |
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Liz
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Post by Liz on Jun 3, 2016 8:02:10 GMT
How is he supposed to sell any excess he gets? May I respectfully suggest you re-read the bits I've highlighted? May I respectfully suggest you read the OP. The person doesn't have any SS loans yet. What you suggest could leave him/her in hot water with SS, if they mis guess(game) their prefund. It is irresponsible to offer "advice" to a new member, that could leave them with a negative cash balance that they can't fund.
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Post by Deleted on Jun 3, 2016 8:06:47 GMT
I think you will find SS frustrating with your small sum to invest as the loan numbers are so low and any attempt to diversify will just end up with money un invested. While the prevention fund is attractive more of the loans are unattractive than MT IMO.
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jimbob
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Post by jimbob on Jun 3, 2016 8:43:16 GMT
Hi am looking for somewhere to invest some money in p2p, had a look around ss and was wondering why some loans listings have a negative number for days remaining,are these loans late? Also is there plenty of activity in the secondary market so I can get my funds lend out quickly around 2k in small loans to get on the ladder without waiting for new loans. Thanks Hi Khampson, Whilst Savingstream is very good I've sent you a private message with the some other suggestions for starting off in Peer 2 peer
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Post by earthbound on Jun 3, 2016 8:43:58 GMT
khampson Open an SS account and fund your account first, only use the PF for amounts you want, you will get lower, but do not try and game it now, its to early for you, As soon as any loan has gone live, jump on the SM and start to learn, there's always plenty of pickings straight after a loan goes live, and enjoy the chase playing FFF (fasting finger first), your only talking £2k and you can do that easily on the SM , i did £5.5k diversification yesterday in 4 hrs, because i now need away from pbl033. Loans go into negative days for a variety of reasons, extended/legals/DFL preparation etc . One you are funded spend a little time looking thro the live loans and pick out the ones you really like and chase them on the SM, once you get the gist of how the SM works, its not that difficult to get what you want. But.. if you are looking for somewhere ultra quick and simple, then SS may not be right, it initially will require a bit more input. Generally once your 2k is in the loans you want, there's not a lot else to do other than collect your interest every month. Tip when using the SM. DO NOT BUY ANY LOAN PARTS WITH BIG RED BOXES.  Anyhow.. Good luck, wherever you go. Edit.. If you do decide to go with SS drop me a PM and ill drop you a few nice little SM tricks.
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Post by earthbound on Jun 3, 2016 9:30:00 GMT
ill drop you a few nice little SM tricks. Why am I hoping that 'SM' represents 'Secondary Market' on this occasion more than others... you and your dirty little mind..
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Post by khampson on Jun 3, 2016 11:07:10 GMT
I have the 2k in Assetz capital and its been there 2 weeks and only have £125 lent out lol, I need to do something lol
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Liz
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Post by Liz on Jun 3, 2016 11:11:55 GMT
I have the 2k in Assetz capital and its been there 2 weeks and only have £125 lent out lol, I need to do something lol you still have time to prefund the 2 new loans on. SS
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Anyhow.. Good luck, wherever you go.