jcb208
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Post by jcb208 on Apr 20, 2017 11:01:02 GMT
Changed my game as well,stuck with some that I will not sell yet due to queue length ,I am now selling before I decide what I prefund.Lendy did mention they were going to try to treble loans this year.If this is the case there going to need more lenders as more and more will have to hold to term
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Post by portlandbill on Apr 20, 2017 11:24:07 GMT
DFL004 12%, 56% LTV, 85 days to go, yet £280k on the SM. What's that all about?
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elliotn
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Post by elliotn on Apr 20, 2017 11:28:40 GMT
DFL004 12%, 56% LTV, 85 days to go, yet £280k on the SM. What's that all about? Ly's biggest loan being sold for a 365 day 12% go live.
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vmail
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Post by vmail on Apr 20, 2017 11:55:06 GMT
£2,219,368.66 on the SM with £942,492.66 at 12% above 0 days.
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mary
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Post by mary on Apr 20, 2017 13:56:58 GMT
But there's £2.9m to be repaid imminently across 122 and 135, so if they could just sort those out everything would be again in demand!
Better still, allow roll overs, up to the allocation limit to ensure fairness and remove this issue of having to load up the SM while waiting to get repaid and then having to scramble to redeploy when the repayment finally happens.
It could all be so simple, and harmony would be restored!
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Liz
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Post by Liz on Apr 20, 2017 14:42:14 GMT
But there's £2.9m to be repaid imminently across 122 and 135, so if they could just sort those out everything would be again in demand! Better still, allow roll overs, up to the allocation limit to ensure fairness and remove this issue of having to load up the SM while waiting to get repaid and then having to scramble to redeploy when the repayment finally happens. It could all be so simple, and harmony would be restored! Imminent? Maybe a couple of weeks. I hope not, I can't sell DFL004
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Post by wildlife2 on Apr 20, 2017 14:50:52 GMT
I think it's the effect of the Easter holiday still why the SM is so slow, the big hitters will be back soon ....
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Post by spareafewcoppersguv on Apr 20, 2017 15:31:50 GMT
72 out of the 86 (not in default) live loans are currently available on the SM. Plus all 13 of the loans in default. Must be a record! Not sure it is a good one though...
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twoheads
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Programming
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Post by twoheads on Apr 20, 2017 16:03:36 GMT
72 out of the 86 (not in default) live loans are currently available on the SM. Plus all 13 of the loans in default. Must be a record! Not sure it is a good one though... Very good if you're a new investor trying to build a position; and let's face it, LfSS are trying to attract new investors all the time.
I wish the SM had such availability when I started out, it would have saved hours of my time in the FFF game trying to capture fleeting bits and pieces. Now there's tons of stuff, much of it better than the rubbish I bought as a newbie (and quickly sold again).
Not so good if you're trying to sell. As I write this, pretty well everything with term under six months is up for sale and the few that aren't are smaller loans, all less than £1M.
I'm currently waiting for a £28k queue in front of my last selling piece of DFL006 - I have some of the new rolled-over DFL022 and didn't want double exposure to the same borrower. I'm not too worried about being stuck in the queue. It will sell eventually (probably in a day or two). When it's gone, I'll have some spare cash on account to snaffle some new treasure.
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GeorgeT
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Post by GeorgeT on Apr 20, 2017 16:06:33 GMT
72 out of the 86 (not in default) live loans are currently available on the SM. Plus all 13 of the loans in default. Must be a record! Not sure it is a good one though... When the SM has approached crisis point in the past, LfSS have saved the day with a timely and welcome repayment. That could happen any day now. And if it doesn't the end of month interest run will slip the SM into a higher gear. No need to panic.
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twoheads
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Post by twoheads on Apr 20, 2017 17:42:33 GMT
When the SM has approached crisis point in the past, LfSS have saved the day with a timely and welcome repayment. That could happen any day now. And if it doesn't the end of month interest run will slip the SM into a higher gear. No need to panic. Your second comment is quite right. I'm sure david42 would echo your don't panic sentiment. I too have a copy of that most enlightening volume.
You use the emotive term crisis point which I disagree with. Can you, or anyone else, define what this point is and when it could be said to have been reached?
I don't think there is such a point. The SM can get stagnated for periods when LfSS introduce a raft of new opportunities as they like to call them. Six loans to go live in a day (four so far) with over £1.5M already on the SM certainly does slow things down as people pre-sell, ready to prefund or post-sell to straighten out their balances. But a load of value on the SM will encourage new money in when it can be easily spent on some half decent loans (e.g. in my opinion, HQ Liverpool).
Also, there is a second self correcting feature of the SM: as sellers realise that their SM sales will not go through in a reasonable time frame, many will cancel their sales in order not to lost interest. Don't forget that much on sale is good stuff which is only being sold to try and upgrade to longer term loans.
P2P is not like the stock exchange or currency trading where the value of the investment can seriously fluctuate in almost no time at all. Here, the investment value is fixed and not affected by confidence in the market. Yes, the SM affects confidence in our ability to get out if we think a loan is going bad, but it doesn't affect the value of the investment, only the risk, and then only if one is actively mitigating the risk by selling out of loans early (as I and many others do). Those who habitually sell before term certainly reduce their risks and feel safer when the SM is hugely liquid - 'I only keep loans I can sell out in an instant, any time I want'.
So I say 'what crisis?' - moreover - 'what could be called a crisis?'.
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GeorgeT
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Post by GeorgeT on Apr 20, 2017 19:57:03 GMT
CD. Why do you say invest and dump at x days is a bad idea?
I believe 15 loans have defaulted on this platform and every single one had been in negative day territory.
That suggests to me that dumping at x days unexpired is the sound sensible thing to do and greatly reduces the risk of getting stuck in a loan that defaults.
Not a single loan has defaulted with a good long unexpired term of days. Lots have defaulted once they went negative.
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seeingred
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Post by seeingred on Apr 20, 2017 20:21:08 GMT
CD. Why do you say invest and dump at x days is a bad idea? I believe 15 loans have defaulted on this platform and every single one had been in negative day territory. That suggests to me that dumping at x days unexpired is the sound sensible thing to do and greatly reduces the risk of getting stuck in a loan that defaults. Not a single loan has defaulted with a good long unexpired term of days. Lots have defaulted once they went negative. It is a good plan if you can replace sold loans with new ones (so as to maintain your total investment) AND if only a few people adopt the strategy. If everyone tried to sell at 60 days or some other notional figure, the SM would block up, you'd get no interest while you were waiting to sell and Lendy would be happy - they would have your money but not be paying you any interest. But a viable and active SM has been one of the key selling points of the L site, so their happiness might be short lived. There are currently around £2.5 million of 'reasonable' (positive days) loans for sale. The interest investors are losing is around £750 per day.
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vmail
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Post by vmail on Apr 20, 2017 22:02:57 GMT
CD. Why do you say invest and dump at x days is a bad idea? I believe 15 loans have defaulted on this platform and every single one had been in negative day territory. That suggests to me that dumping at x days unexpired is the sound sensible thing to do and greatly reduces the risk of getting stuck in a loan that defaults. Not a single loan has defaulted with a good long unexpired term of days. Lots have defaulted once they went negative. It is a good plan if you can replace sold loans with new ones (so as to maintain your total investment) AND if only a few people adopt the strategy. If everyone tried to sell at 60 days or some other notional figure, the SM would block up, you'd get no interest while you were waiting to sell and Lendy would be happy - they would have your money but not be paying you any interest. But a viable and active SM has been one of the key selling points of the L site, so their happiness might be short lived. There are currently around £2.5 million of 'reasonable' (positive days) loans for sale. The interest investors are losing is around £750 per day. You mean Lendy are saving £750 per day.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Apr 20, 2017 22:33:24 GMT
Gotta agree with you Dude, relying on the SM is VERY High Risk, and VERY foolish IMHO................................ but my cojones are minuscule anyway
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