mikes1531
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Post by mikes1531 on Oct 31, 2016 20:15:55 GMT
The one I can't get more of is PBL122, it's like hens' teeth. I wonder why that's the case. It's not a particularly small loan, and it doesn't have a particularly low LTV.
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Post by pepperpot on Oct 31, 2016 21:39:13 GMT
The one I can't get more of is PBL122, it's like hens' teeth. I wonder why that's the case. It's not a particularly small loan, and it doesn't have a particularly low LTV. It was a loan that launched not long after the Brexit vote (19/7/16, just 910 investors at launch). There was a lot of nervousness with property funds stopping withdrawals etc. so the participants could be described as the hardcore 'stayers' and might be less likely to sell.
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elliotn
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Post by elliotn on Nov 1, 2016 1:22:11 GMT
... one of the Hackney's has just sold with enough to pay off their loans. : The last update I see for this loan says "In the process of selling..." which, to my mind is a lot different from "has sold". Is there further information I'm not aware of? I'll have a look for the post on here, 650k IIRC, enough to coverboth loans.
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mikes1531
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Post by mikes1531 on Nov 1, 2016 3:52:53 GMT
elliotn : The last update I see for this loan says "In the process of selling..." which, to my mind, is a lot different from "has sold". Is there further information I'm not aware of? I'll have a look for the post on here, 650k IIRC, enough to coverboth loans. That would be very good news for SS and their investors -- and this borrower.
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upland
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Post by upland on Nov 1, 2016 9:29:34 GMT
My money is now live and I'm aiming for 10 £100 loans but not sure how long that will take. Pleased today to pick up two on the secondary market with 170 and 130days remaining with no overly negative comments on the forum. If I can repeat that again soon and pick up a couple of pipeline loans I'll be almost fully invested with my grand sum of 1k  Did get tempted by PBL033 with 49days left just to get my money working but advice of buying nothing with under 60days remaining is still ringing in my ears! nirish , I hope that you have as good an experience with SS as I have. As CD mentions it needs a bit of graft to get the most but you will eventually find out how to make it work for you. I got my original diversification on the SM here under a year ago but it seems much harder to get anything on the SM now that I would like.
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Post by Deleted on Nov 1, 2016 9:53:29 GMT
My money is now live and I'm aiming for 10 £100 loans but not sure how long that will take. Pleased today to pick up two on the secondary market with 170 and 130days remaining with no overly negative comments on the forum. If I can repeat that again soon and pick up a couple of pipeline loans I'll be almost fully invested with my grand sum of 1k Did get tempted by PBL033 with 49days left just to get my money working but advice of buying nothing with under 60days remaining is still ringing in my ears! nirish , I hope that you have as good an experience with SS as I have. Cheers, I have managed to get 4x£100 on the SM so far so almost half way. I'm dreadfully clueless on what to look for when doing DD on the loans but the forum for each one is an incredible resource to see what the more clued up have made of them! I have a total of 10% of savings assigned to P2P but I'm tempted to raise to 15% I could definitely be tempted to raise my stake in SavingStream over some of the 'safer' lower interest sites I also use.
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Post by charliebrown on Nov 1, 2016 13:49:14 GMT
Every now and then loads of good loans appear with large sums of money available, I bought up quite abit when everyone was panicking over brexit. If you have £1000 to invest, my advice would be to chuck it all into 1 loan that you like the look of, when the next loan comes along that you like the look of, move some money into that. Keep going until you reach your desired level of diversity. I'm no expert at this and my total investment isn't that much more then what you are planning to invest. All my money has been shifted into 5 long term-ish 12% loans. At the moment I am not very diversified, but I'm happy with that to keep my money at 12% for as long as possible. This is what I was going to say. However, take it with a pinch of salt because I am not in any way qualified to give investment advice. If I were only investing 1,000 I'd be tempted to bung it all in 1 good loan with lots of days remaining and then watch that 1 loan like a hawk. My strategy has also been to prefer loans that are bricks and mortar based (as opposed to something like a piece of land, a farmer's field, a swamp/ quarry or a garden centre). I'm not sure maximum diversification is the way forward on Saving Stream. If you think about it, it only takes losses from one bad loan to wipe out months/ years of gains from many good loans. What I'd suggest is by all means diversify across all loans that meet your own criteria but if there aren't enough of those loans to get all your money invested then be strong enough to leave it on the sidelines or find another place for it. With 1,000 you should have no problems.
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p2p2p
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Post by p2p2p on Nov 1, 2016 15:13:10 GMT
" it only takes losses from one bad loan to wipe out months/ years of gains from many good loans"
If you can't handle bad loans, I'm not sure p2p is the place to be. You can't expect 12% returns without an element of risk of losing capital on individual loans. Being an active investor might reduce that risk, as the expense of considerable time monitoring the situation, but it might be much simpler just to diversify and accept the return from the market as a whole.
I'd certainly not put all my money in one loan, as I don't think you can "watch it like a hawk" if you are investing by a website proxy, not meeting the borrower face to face. You are relying too much on both the borrower and SS reporting all the facts, and it would all to easy to be misled by both. And how many p2p lenders have skills in small business loan administration?
If you enjoy reading valuations and forum discussions fine, but I don't think you'd have a much lower return by accepting an automated portfolio.
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Post by Deleted on Nov 1, 2016 16:13:08 GMT
I think I'll stick to attempting to keep maximum exposure to 10%, my p2p mentality is usually diversify diversify diversify so I can't bring myself to put all my eggs in one basket even if it does look like a good one!
Also makes me feel good that the complete collapse and loss of one loan wouldn't be more than one years interest on the total invested!!!
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elliotn
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Post by elliotn on Nov 1, 2016 17:25:55 GMT
I'll have a look for the post on here, 650k IIRC, enough to coverboth loans. That would be very good news for SS and their investors -- and this borrower. (Kensington update also still says 'selling' and that's been repaid!).
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Post by Icarus Unleashed on Nov 1, 2016 17:51:49 GMT
I think I'll stick to attempting to keep maximum exposure to 10%, my p2p mentality is usually diversify diversify diversify so I can't bring myself to put all my eggs in one basket even if it does look like a good one! Also makes me feel good that the complete collapse and loss of one loan wouldn't be more than one years interest on the total invested!!! This. This is the golden mantra. Diversifying into different geographies, currencies, revenue streams, asset classes, maturities, repayment profiles (long / short term, capital gains / income etc...) should help to protect assets from everything other than a 360 degree downturn (2008 style). If I were investing my £1000 I'd probably avoid putting it into a single loan on a single P2P platform due to the increased concentration of risk such an investment strategy produces.
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Post by Deleted on Nov 1, 2016 18:18:00 GMT
I think I'll stick to attempting to keep maximum exposure to 10%, my p2p mentality is usually diversify diversify diversify so I can't bring myself to put all my eggs in one basket even if it does look like a good one! Also makes me feel good that the complete collapse and loss of one loan wouldn't be more than one years interest on the total invested!!! This. This is the golden mantra. Diversifying into different geographies, currencies, revenue streams, asset classes, maturities, repayment profiles (long / short term, capital gains / income etc...) If I were investing my £1000 I'd probably avoid putting it into a single loan on a single P2P platform due to the increased concentration of risk such an investment strategy produces. £1000 is my SavingStream budget which is a proportion of my P2P budget which is a proportion of my savings budget if that follows ..... I feel my P2P savings are platform and loan type (personal, business, property) diversified but I have no investment in alternate geographies/currencies !!! As for what you mean by maturities, capital gains and income profiles I need to read up 
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twoheads
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Programming
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Post by twoheads on Nov 2, 2016 22:17:50 GMT
Midnight is the best time to get quality loans. The one I can't get more of is PBL122, it's like hens' teeth. In Holland (the Netherlands?)... midnight is even later here... never seem to be awake for the 'quality' stuff of which you speak!
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Post by Deleted on Nov 2, 2016 22:56:35 GMT
Midnight is the best time to get quality loans. I'm intrigued, why is this the case ?
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Nov 2, 2016 23:04:20 GMT
I'm intrigued, why is this the case ? Interest accrues at midnight so those looking to sell list after midnight to get the interest for the day. If it doesnt sell in 24hrs they can cancel just before midnight and not lose interest, then list again straight after
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