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Post by Deleted on Oct 20, 2016 7:48:42 GMT
Hey everyone - thanks for the advice. I don't absolutely need the money out in December, so will go ahead and put it with SS if I can. Also MT and FS perhaps. The FS SM is by fare the less liquid, so don't think it is so easy to have your money back so early (their loans are 6 months long, unless you buy on the SM yourself).
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Post by portlandbill on Oct 20, 2016 8:06:13 GMT
Savingstream now have 26 negative day loans (27 tomorrow) plus a default on the books, surely they need to get some repayments in soon to aid cash flow unless interest is being paid and not been updated on the loan page. I think a lot of people will start to think twice about future investments If all they see a high percentage of negative loans listed for sale.I know at the moment they are easy to sell (god knows why I wouldn't touch them due to the higher default risk) but this may well change This for me is the most concerning aspect of SS at the moment. I know timing is uncertain in this business but the lack of updates re. the actual situation on many of these negative days loans + the recent illiquidity(?) of the negative day loans on the SM is worrying. The SM is working well for sellers of part loans with positive 30 days or more, but seems much less liquid for less than 30 days and especially the negative ones.
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duck
Member of DD Central
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Post by duck on Oct 20, 2016 8:16:17 GMT
... The SM is working well for sellers of part loans with positive 30 days or more, but seems much less liquid for less than 30 days and especially the negative ones. I've just returned to the forum having gone over to SS to sell some loan parts..... I've just sold a couple of £K of negative ones. I run 3 accounts and the first 2 had sold their loan parts before I had completed putting up the third set 
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Post by portlandbill on Oct 20, 2016 8:39:19 GMT
the other 28 sub-30 day loans currently listed aren't going quite so quick
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elliotn
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Post by elliotn on Oct 20, 2016 9:05:42 GMT
... The SM is working well for sellers of part loans with positive 30 days or more, but seems much less liquid for less than 30 days and especially the negative ones. I've just returned to the forum having gone over to SS to sell some loan parts..... I've just sold a couple of £K of negative ones. I run 3 accounts and the first 2 had sold their loan parts before I had completed putting up the third set Are you allowed to run more than one account in your own name (or 1 + company)? 
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duck
Member of DD Central
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Post by duck on Oct 20, 2016 9:20:42 GMT
I've just returned to the forum having gone over to SS to sell some loan parts..... I've just sold a couple of £K of negative ones. I run 3 accounts and the first 2 had sold their loan parts before I had completed putting up the third set Are you allowed to run more than one account in your own name (or 1 + company)? 'My' accounts are personal, wife and Ltd Co all separate and different entities. By having a separate account for my wife I can generate £17K tax free this year rather than investing in my name where tax is payable (interest payments over £17K). The business account is a legacy from my work and it invests as I slowly draw down its assets.
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Post by chrisuk on Oct 20, 2016 12:03:03 GMT
Don't be too harsh with the 'doom merchants'. If, like me, some of them rely on their savings for an income and are victims of the Government's economic policies I can understand them being ultra cautious. Probably not a bad thing to be in the current climate. I always say a little prayer when I invest my money with anyone!! If I was being ultra cautious, my money would be in a bank or building society.... I suggest anyone else investing in P2P who wants to be ultra cautious reviews their investing habits accordingly! Why is it that when anyone suggests that investors should always be careful with their cash someone else suggests they should get out of P2P and go somewhere else?? Being 'ultra cautious' can mean many things. For example If you have £10,000 to invest maybe put £1000 into P2P and invest the rest in a standard savings scheme that is covered by the FSCS. Spread your investments among different platforms. If something looks too good to be true it probably is etc etc. Please do not tell people to get out of P2P just because they are wary. It is not very helpful.
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fp
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Post by fp on Oct 20, 2016 12:43:43 GMT
If I was being ultra cautious, my money would be in a bank or building society.... I suggest anyone else investing in P2P who wants to be ultra cautious reviews their investing habits accordingly! Why is it that when anyone suggests that investors should always be careful with their cash someone else suggests they should get out of P2P and go somewhere else?? Being 'ultra cautious' can mean many things. For example If you have £10,000 to invest maybe put £1000 into P2P and invest the rest in a standard savings scheme that is covered by the FSCS. Spread your investments among different platforms. If something looks too good to be true it probably is etc etc. Please do not tell people to get out of P2P just because they are wary. It is not very helpful. Anyone "ultra cautious" would invest money where it is protected, anything other than that is a gamble and hence, far from being ultra cautious, PLEASE don't give people the impression that investing in P2P is a safe and "ultra cautious" form of investment, because it is far from that, and to give anyone the impression it is otherwise is misleading. Clearly your opinion of being ultra cautious is betting it all on red because its your lucky colour... mine would be to own the table and make sure its rigged in my favour.
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Post by chrisuk on Oct 20, 2016 12:51:09 GMT
Why is it that when anyone suggests that investors should always be careful with their cash someone else suggests they should get out of P2P and go somewhere else?? Being 'ultra cautious' can mean many things. For example If you have £10,000 to invest maybe put £1000 into P2P and invest the rest in a standard savings scheme that is covered by the FSCS. Spread your investments among different platforms. If something looks too good to be true it probably is etc etc. Please do not tell people to get out of P2P just because they are wary. It is not very helpful. Anyone "ultra cautious" would invest money where it is protected, anything other than that is a gamble and hence, far from being ultra cautious, PLEASE don't give people the impression that investing in P2P is a safe and "ultra cautious" form of investment, because it is far from that, and to give anyone the impression it is otherwise is misleading. Clearly your opinion of being ultra cautious is betting it all on red because its your lucky colour... mine would be to own the table and make sure its rigged in my favour. Sorry, but WHERE did I suggest that "investing in P2P is a safe and ultra cautious form of investment"? And how do you know my betting preferences in a casino?? I'm not going to like you am I.
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Oct 20, 2016 12:54:19 GMT
.... mine would be to own the table and make sure its rigged in my favour. Hey, fp !! Do that and you will trump the lot of us! 
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Post by chrisuk on Oct 20, 2016 13:00:49 GMT
.... mine would be to own the table and make sure its rigged in my favour. Hey, fp !! Do that and you will trump the lot of us! And he'll probably be arrested!!
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Oct 20, 2016 13:09:53 GMT
Hey, fp !! Do that and you will trump the lot of us! And he'll probably be arrested!! That's not an (almost) anagram for what you really mean but can't say because you mustn't be rude any more, is it? Note: the words "any more" should be disregarded. Left on display as they have been reposted and relied to.
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Post by chrisuk on Oct 20, 2016 13:15:05 GMT
And he'll probably be arrested!! That's not an (almost) anagram for what you really mean but can't say because you mustn't be rude any more, is it? No it's not an anagram. I'm not that clever! When was I rude??
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fp
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Post by fp on Oct 20, 2016 13:46:01 GMT
Anyone "ultra cautious" would invest money where it is protected, anything other than that is a gamble and hence, far from being ultra cautious, PLEASE don't give people the impression that investing in P2P is a safe and "ultra cautious" form of investment, because it is far from that, and to give anyone the impression it is otherwise is misleading. Clearly your opinion of being ultra cautious is betting it all on red because its your lucky colour... mine would be to own the table and make sure its rigged in my favour. Sorry, but WHERE did I suggest that "investing in P2P is a safe and ultra cautious form of investment"? And how do you know my betting preferences in a casino?? I'm not going to like you am I.The feeling is likely mutual, i've little tolerance for people who argue for the sake of it, and tend to gel better with this who have a sense of humour. We'll agree to disagree on this occasion, or at least I will. END.
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Oct 20, 2016 13:47:05 GMT
That's not an (almost) anagram for what you really mean but can't say because you mustn't be rude any more, is it? No it's not an anagram. I'm not that clever! When was I rude?? Apologies, apologies. Please amend my post by deleting the subsequent two words, which are grossly inaccurate, untrue even.
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