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Post by ladywhitenap on Feb 17, 2017 14:07:58 GMT
Would you lend on this loan if there was no secondary market to sell it on? Quite possibly but why do you suggest that there will be no SM ?? Granted the SM is set to change but I don't know of any suggestion of the facility being removed. LW
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ben
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Post by ben on Feb 17, 2017 14:33:08 GMT
Would you lend on this loan if there was no secondary market to sell it on? Shame we can't vote for stupid posts. If that is why you are investing in any loans then I suggest that you have a good look at your investment strategy. If you are not willing to hold a laon to maturity why would you invest in it.
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twoheads
Member of DD Central
Programming
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Post by twoheads on Feb 17, 2017 14:42:52 GMT
Would you lend on this loan if there was no secondary market to sell it on? Shame we can't vote for stupid posts. If that is why you are investing in any loans then I suggest that you have a good look at your investment strategy. If you are not willing to hold a laon to maturity why would you invest in it. That's a bit harsh. Many sell loans prior to maturity on the SM as a means of mitigating risk.
Sometimes stuff turns up down the line which you prefer and you'd like to move your money there.
And sometimes, you just need to get your cash out for whatever reason. Without an SM (or similar means) you'd be locked in.
I think many would not invest without an SM.
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Post by GSV3MIaC on Feb 17, 2017 15:04:42 GMT
And whether I'm willing to hold it to maturity NOW, I still reserve the right to change my mind when/if it emerges that the directors' history is not as purported, the building site is under 30' of water, and the Vikings have landed at Felixstowe (etc.).
Things change .. sometimes for the better, sometimes for the worse.
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Post by excalibur on Feb 17, 2017 15:58:04 GMT
Would you lend on this loan if there was no secondary market to sell it on? Shame we can't vote for stupid posts. If that is why you are investing in any loans then I suggest that you have a good look at your investment strategy. If you are not willing to hold a laon to maturity why would you invest in it. Well I'm voting for your post Ben :-) It's quite clear what I meant, would you hold this to maturity without the apparent safeguard of a very liquid SM. I wouldn't and that's why I am not investing on this particular loan and wanted to know whether anyone else feels the same and if not why (so I may at least reconsider)? If you want to try and patronise someone over a genuine question then I suggest next time you use a spell checker.
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ben
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Post by ben on Feb 17, 2017 16:15:03 GMT
The secondary market on SS gives investors a false sense of security, investing in SS and similar sites high risk investments. I can understand why people use it to migrate risk towards the end of the loan, but I can not understand why people use it as a reason for investing. At the moment with sites like SS we are in the good times but this could change over night.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Feb 17, 2017 17:11:38 GMT
Errrrr, it will change overnight, and when it does they will hear the squealing of the stuck pigs in NZ and Oz.  |
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SteveT
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Post by SteveT on Feb 17, 2017 17:16:30 GMT
I think we should call you lot the "Profits of Doom"!
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
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Post by ozboy on Feb 17, 2017 17:20:14 GMT
Might get sued, I think there's already a Band called that, and another called "Doom Profits."  A good title though might be "I Told You So." !!!!!  |
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GeorgeT
Member of DD Central
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Post by GeorgeT on Feb 17, 2017 17:44:19 GMT
With diminishing returns on SS, and 12%ers dying out like the dinosaurs, people will pile into anything that says 12%. Expect massive over subscription.
Max allocation estimate - circa £650 ?
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Feb 17, 2017 19:05:50 GMT
Go for it Peeps!! As a complete aside, anyone know what cars the Lendy Directors drive, might be mildly interesting?  |
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ben
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Post by ben on Feb 17, 2017 20:04:19 GMT
Go for it Peeps!! As a complete aside, anyone know what cars the Lendy Directors drive, might be mildly interesting? Probably be intersting, these kind of companies go one of two ways they either pay there managment peanuts with the expection of profits in the future or they pay themselfs unmanagable salaries and are never able to trade profitable.
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r1200gs
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Post by r1200gs on Feb 18, 2017 7:02:38 GMT
Go for it Peeps!! As a complete aside, anyone know what cars the Lendy Directors drive, might be mildly interesting? I'm more concerned that they might be arriving to work on horseback.
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elliotn
Member of DD Central
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Post by elliotn on Feb 18, 2017 8:14:35 GMT
Go for it Peeps!! As a complete aside, anyone know what cars the Lendy Directors drive, might be mildly interesting? I'm more concerned that they might be arriving to work on horseback. Broke bank mounting.
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am
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Post by am on Feb 18, 2017 8:51:54 GMT
Go for it Peeps!! As a complete aside, anyone know what cars the Lendy Directors drive, might be mildly interesting? I'm more concerned that they might be arriving to work on horseback. Not a kayak?
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