cooling_dude
Bye Bye's for the PPI
Posts: 2,853 
Likes: 4,298
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Post by cooling_dude on Oct 26, 2016 12:58:34 GMT
 And the snap poll reveals... 94% refusal! Jeez.... Erm... could one of the 4 please send me what you are allocted, please 
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Post by jackpease on Oct 26, 2016 13:05:50 GMT
And the snap poll reveals... 94% refusal! Jeez.... Erm... could one of the 4 please send me what you are allocted, please I'm one of the four and will report back. Asked for £300 - expect to get half of that - don't mind if I get all of it - this will be REALLY interesting to see what influence this forum has. Eg if the loan is oversubscribed then it suggests this forum's opinions are not seen by the masses. Very interesting! Jack P PS: Why am i investing in this loan? Because i invest in SS FC property loans and I think this is of equivalent quality but yields 1% more!
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am
Posts: 1,495
Likes: 601
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Post by am on Oct 26, 2016 13:08:58 GMT
And the snap poll reveals... 94% refusal! Jeez.... Erm... could one of the 4 please send me what you are allocted, please I'm one of the four and will report back. Asked for £300 - expect to get half of that - don't mind if I get all of it - this will be REALLY interesting to see what influence this forum has. Eg if the loan is oversubscribed then it suggests this forum's opinions are not seen by the masses. Very interesting! Jack P PS: Why am i investing in this loan? Because i invest in SS property loans and I think this is of equivalent quality but yields 1% more! You seem to have a thinko. If by SS you mean FC, FC bridging loans (short term property loans) are mostly at 10%. You might see something similar at AC at 8%.
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Oct 26, 2016 13:10:02 GMT
Clarify last sentence please Jack; did you mean AC for 8%?
ed. cross posted with am
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Post by jackpease on Oct 26, 2016 13:12:29 GMT
Whoopsee yep FC duly corrected thx guys
Jack P
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Post by wiseclerk on Oct 26, 2016 13:16:10 GMT
Slight oversight, the advance loan email still says on top
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Post by charliebrown on Oct 26, 2016 13:17:00 GMT
Just playing devil's advocate here. If SS can fill the loan at 9% (which I"m sure they can) then why not? If they can fill it at 8% or 7% or even 6% then why not? Isn't the goal of any business in a capitalist society to maximise profits? The rest is left to compertition and market forces. I guess they don't owe us 12%. I'm going to regret posting this aren't I Personally, i will not be in this one. |
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SteveT
Member of DD Central
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Post by SteveT on Oct 26, 2016 13:20:57 GMT
"In Internet slang, a troll (/ˈtroʊl/, /ˈtrɒl/) is a person who sows discord on the Internet by starting arguments or upsetting people, by posting inflammatory,.............." So I take it you'd claim your earlier post referencing "acolytes" and "trolls" was NOT intended to sow discord, start arguments or upset people...?
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ablender
Member of DD Central
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Post by ablender on Oct 26, 2016 13:21:03 GMT
Just playing devil's advocate here. If SS can fill the loan at 9% (which I"m sure they can) then why not? If they can fill it at 8% or 7% or even 6% then why not? Isn't the goal of any business in a capitalist society to maximise profits? The rest is left to compertition and market forces. I Guess they don't owe us 12%. I'm going to regret posting this aren't I Personally, i will not be in this one. I think you are correct, but it will not make me rush to invest. What is interesting, to me at least, is what will happen in a short while, when parts of this loan will start appearing on the SM.
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ablender
Member of DD Central
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Likes: 555
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Post by ablender on Oct 26, 2016 13:22:23 GMT
Slight oversight, the advance loan email still says on top I think that the entry you refer to is their general headline rate (not specifically this loan). In the body of the email it specifically says 9%.
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Post by pepperpot on Oct 26, 2016 13:33:19 GMT
Just playing devil's advocate here. If SS can fill the loan at 9% (which I"m sure they can) then why not? If they can fill it at 8% or 7% or even 6% then why not? Isn't the goal of any business in a capitalist society to maximise profits? The rest is left to compertition and market forces. I guess they don't owe us 12%. I'm going to regret posting this aren't I Personally, i will not be in this one. But, from another business point of view, if you are seen to be pricing for liquidity not risk, it will be viewed as a negative. I hope SS don't go there. A more balanced book might see me increase my SS cap, but only if it's with loans on a sensible risk/reward scale.
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Post by ladywhitenap on Oct 26, 2016 13:33:29 GMT
Meanwhile, Ablrate who tend to offer between 10 and 12%, currently have two on offer at 14% - possibly not for the faint hearted??
LW
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Post by jackpease on Oct 26, 2016 13:35:41 GMT
I think you are correct, but it will not make me rush to invest. What is interesting, to me at least, is what will happen in a short while, when parts of this loan will start appearing on the SM. Agreed at the moment parts will not sell. But when the secondary market droops back to just short term/negative term impossible-to-value fields and industrial units, 9% on a house may seem more agreeable Jack P
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Post by dualinvestor on Oct 26, 2016 13:55:41 GMT
"In Internet slang, a troll (/ˈtroʊl/, /ˈtrɒl/) is a person who sows discord on the Internet by starting arguments or upsetting people, by posting inflammatory,.............." So I take it you'd claim your earlier post referencing "acolytes" and "trolls" was NOT intended to sow discord, start arguments or upset people...? That's a dilemma of course one can't pass comment on trolls without being accused yourself, much like your comment answer before you reply remember this would go on ad infinitum.
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lofty
Posts: 101
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Post by lofty on Oct 26, 2016 13:56:51 GMT
I suspect there'll be a significant amount of the SM quite quickly - there's bound to be someone out there who hasn't spotted the new lower rate and who also hasn't changed their prefund value. But it'll get snapped up quickly too. I based this on my golden rule of "investment liquidity probability" - the prettier the picture the better it sells!  |
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