DFL003 - Student Accomm. Block B Huddersfield SUSPENDED

I'm guessing that you are new (ish)?

A couple of months ago we would have been lucky to get 30%!  It's only recently (and perhaps a tempory situation) that we've been able to get 100% what we have wanted.  There's got to be an allocation so that everybody gets their share... of course, you could try and "game" the system... but I wouldn't recommend that while SS pre-fund is unpredictable (also it immoral and I would not recommend it and I of course never ever do it myself...  )

If you can, sell it before it ends.  Previous SS loans have rearly gotton repaid early; nothing to worry about (it is simply the nature of bridging loans) but negative duration loans are generally harder to get rid, and carry a higher risk because it relies on the borrower to provide the interest on a rolling basis.

Hi XXXXX,

Apologies for any confusion. The interest has not disappeared. It will just be listed under repaid loan parts and will be credited at the end of the month.

Kind regards,

Customer Services Team
Saving Stream


Obviously it isn't, but for the amount involved i'll wait until the month end and see if it turns up

'Playing the system' could be construed as cheating or even dishonest but I would suggest that MOST investors on this site do it. Basically if you want a certain amount in a loan the only way to get what you want is to try and guess the level of over subscription on the pre-fund and make your bid accordingly, sometimes you get more sometimes you get less but you should always make sure you have enough capital to cover your bid.

I admit that I 'Play the system' but I really don't think I have lost my morals...

Take my advice and always sell out before the loan term comes to an end. Keep a nice-looking portfolio of loan parts all with 50 + days to go if you can. Those will be much more easily saleable on the secondary market and less likely to be put into default of course.

On the subject of players and gamers and cheaters I too was shocked when I discovered this forum a few months ago and had a read up on it. Where I was month after month setting all my figures honestly and properly and becoming increasingly disappointed at getting a mere crumb of what I would have liked and then I find this forum and that there are it seems literally scores of people playing games and boasting about it and who were asking for 10 times what they wanted yes 10 times that is not a typing mistake. Even people who admitted to having automated bots running on their computers to buy everything up on the secondary market so that nobody else could get anything. When you add it all together it all stinks frankly and yes it pulls me also that morals are so low that people in the financial world cannot see anything wrong with it or at least they try to put up a smoke screen to protect themselves and try to argue that black is white in this context. I think if you stopped the average decent man in the street and ask him if he thought it was moral and decent practice he would say no. Unfortunately we saw in very stock terms back in 2007 and 2008 how few morals that are in the financial world and as somebody very important once said if you want to no what God think about money look at who he gives it to.

A simple little strategy I have put in place is to not have more than my monthly interest invested in any one loan. For example if I have a total investment in the saving stream of £50,000 then my monthly gross interest payment is £500. Therefore the strategy rule is not to have more than £500 invested in any single loan. That is not achievable at the moment with the availability and new flow that there is but it is certainly an admirable aim and in the event of a total 100% loss in any single loan you would still be on a 11% annual return. A more realistic real-world approach would be to adopt the two months interest approach which would enable you to have up to £1,000 invested in each loan and that would be achievable I think and would still leave you at 10% gross per annum in the event of a total loss of a single loan. So it is quite easy to diversify and minimise risk through clever investment strategies but also noting that many of the loans on saving stream are to the same lenders and you don't want to be treating them as separate lenders. Unfortunately the one area of risk and I suggest the biggest area of risk of all relates to the failure of saving stream as a platform. I am comfortable about the extent I can manage out risk on an individual loan by loan basis but I have no control over what happens with saving stream and if they suddenly go pop.

Good luck with your investments and don't be tempted to invest more then you plan. Be strong and remember there is a lot of risk going on here and you have to ask yourself is 12% in the meantime enough to compensate you for that.

I echo this. You shouldn't be investing in loans to play pass the parcel as you don't know when the music will stop. You should invest and be happy to hold until term otherwise you're playing a very risky game and might end up owning stuff that you wouldn't otherwise have invested in. I am speaking from experience as I have been guilty of this in the past.

Not fixed yet - had a reply from SS saying " Apologies for any inconvenience caused. We were made aware of this bug last night and this should now be sorted for you."

However, the End Dates on PBL025 rolled over parts are still in Feb 16 and the negative amounts are still showing on the site and in the downloads........

I've fed that back ...........