elsee
Member of DD Central
Retired:D
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Post by elsee on Jul 11, 2017 13:01:04 GMT
If people are acting on the back of the important update email they are assuming all those changes have been implemented and went active at the time the email was sent out yesterday afternoon? I thought they were improvements in the pipeline and we would hear further,though in one case it did state that the change would take effect from 1st August. That was my understanding too. I have an "accidental" £25 in the castle and check my interest daily, I'll look out for any changes and report back. (although .5 of 11% of £25/365 may be a bit tricky to spot, could do with 10 decimal places as on AC)
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Post by d_saver on Jul 11, 2017 13:11:16 GMT
ISTM that people are cancelling their SM/default loans, rather than us seeing an increased amount of investment in the SM/default loans. If that is the case, the liquidity profile remains broadly the same (even though the SM looks "healthier"). Whilst I have no doubt some of these are cancelled loan parts (I mean - why not - they are unlikely to sell and you might as well get the bonus rate/_any_ interest), some are investments. PBL074, 6% bonus, the drop is real and listed on the investments tab, same for PPBL056, 5%, PBL064 is cancellations. Fairly easy to see on these loans as they are quite inactive. I didn't check any of the others. I'm not in them. The investor in me though says why not check the value of the security. Overdue or not, if the security is good and would cover the loan+interest, it may be worth considering investing, no? I'm not one who invests based on term. I'm not recommending this and I'm not doing it, but I will keep an eye on it.
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r1200gs
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Post by r1200gs on Jul 12, 2017 10:01:34 GMT
ISTM that people are cancelling their SM/default loans, rather than us seeing an increased amount of investment in the SM/default loans. If that is the case, the liquidity profile remains broadly the same (even though the SM looks "healthier"). Whilst I have no doubt some of these are cancelled loan parts (I mean - why not - they are unlikely to sell and you might as well get the bonus rate/_any_ interest), some are investments. PBL074, 6% bonus, the drop is real and listed on the investments tab, same for PPBL056, 5%, PBL064 is cancellations. Fairly easy to see on these loans as they are quite inactive. I didn't check any of the others. I'm not in them. The investor in me though says why not check the value of the security. Overdue or not, if the security is good and would cover the loan+interest, it may be worth considering investing, no? I'm not one who invests based on term. I'm not recommending this and I'm not doing it, but I will keep an eye on it. Quick question for somebody, how do you easily keep track of the amount on the SM?
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Post by dan1 on Jul 12, 2017 10:04:58 GMT
Quick question for somebody, how do you easily keep track of the amount on the SM? I assume most people use 0risk's browser extension ( link).
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GeorgeT
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Post by GeorgeT on Jul 12, 2017 12:15:27 GMT
Quick question for somebody, how do you easily keep track of the amount on the SM? I assume most people use 0risk's browser extension ( link). No I don't. I have never used any add-ons or specially written scripts. I have long been an ardent campaigner against the use of scripts and bots to gain an unfair advantage- it is a bit like diving in football to win a penalty. I keep a note of the sale queues in the good old fashioned way that can never crash or be hacked. Pen and paper for the loans I am invested in and I update the figures everyday and note the amount of movement.
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Post by GSV3MIaC on Jul 12, 2017 13:25:23 GMT
Damn cheating that is .. "pen and paper", when the rest are stuck with cutting notches in tally sticks. You'll be dropping the old IVXLCDM notation next, and replacing your dialup modem... 8>.
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0risk
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Post by 0risk on Jul 12, 2017 15:26:33 GMT
Quick question for somebody, how do you easily keep track of the amount on the SM? I assume most people use 0risk 's browser extension ( link). I just released new versions of the extensions. Lots of new features: 1. New SM graph on "Available Loans" page:  2. New graphs on "My loans", such as this individual loan SM:  3. Position of your selling on the queue. 
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jonah
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Post by jonah on Jul 12, 2017 19:55:36 GMT
Quick question for somebody, how do you easily keep track of the amount on the SM? Lucky Rabbits Foot Oh - and jonah excellent tracker HEREI prefer the rabbits foot approach to be honest. Or just hunting for sheep in photos. That said 0risk addon is a great alternative!
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twoheads
Member of DD Central
Programming
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Post by twoheads on Jul 12, 2017 21:23:02 GMT
Lucky Rabbits Foot Oh - and jonah excellent tracker HEREI prefer the rabbits foot approach to be honest. Or just hunting for sheep in photos. That said 0risk addon is a great alternative! Well, I clicked the Dude's link and saw you've hacked the forum with own advert...
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jonah
Member of DD Central
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Post by jonah on Jul 13, 2017 4:29:37 GMT
twoheads that's not me... I am not that obsessed with ER!
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GeorgeT
Member of DD Central
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Post by GeorgeT on Jul 24, 2017 17:49:51 GMT
Today is the worst Monday I can ever remember on the LY SM. Monday is usually the busiest day of the week for trading but today it's been as dead as a dodo.
One partial explanation could be that it's late July and some people started their summer holiday this week.
After I reviewed my sales queues and admired several front line positions last night, I went to bed with an air of optimism because I was expecting several sales today. But, thus far, not a sausage. Which has surprised me given I'm offering people 12% with 100+ days to run, and therefore 280+ days until the possibility of default.
Now I find myself counting down the days to the Aug 1st interest run.
That said, it's not all been bad news of late. I had an unexpectedly brisk Friday - when I sold a total of £1,800. Perhaps holiday makers were doing their trading early on the Friday before heading off on holiday at the weekend.
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Post by p2plender on Jul 25, 2017 0:12:39 GMT
Until Lendy find a way of getting borrowers to re-pay - the definition of a loan then you can waffle on all day about the SM and movement.
So many people in the same position now, wanting away. Confidence in Lendy has pretty much gone imo.
I await the 'IMMINENT' JM* sale
IMMINENT in Lendy terms is Definitely maybe..
Then I'll be nearly all out and won't look back in anger.
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r1200gs
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Post by r1200gs on Jul 25, 2017 9:31:46 GMT
Until Lendy find a way of getting borrowers to re-pay - the definition of a loan then you can waffle on all day about the SM and movement. So many people in the same position now, wanting away. Confidence in Lendy has pretty much gone imo. I await the ' IMMINENT' JM* sale IMMINENT in Lendy terms is Definitely maybe.. Then I'll be nearly all out and won't look back in anger. I'm afraid I don't understand your angst. The nature of the game means payment will frequently be late, and sometimes won't ever happen leaving us with our security. Are you upset because you can't instantly take out your money? You know that you should never invest on the basis that the SM will be super liquid, because it won't always be. Have you lost money? I don't think anybody ever has, yet at least. For me the only major issue with Lendy has been them introducing a borrower that has spent a lifetime leaving financial misery in his wake and Lendy foolishly believing that he would meet his match with them, and with the incredibly optimistic valuations of some of our security. And that borrower has done it again. The SM seems to be down a couple of million in the last week or two so when we finally do get a large repayment, and I have no doubt it's coming, we'll all be happy. 
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Post by p2plender on Jul 25, 2017 11:56:39 GMT
For me the only major issue with Lendy has been them introducing a borrower that has spent a lifetime leaving financial misery in his wake and Lendy foolishly believing that he would meet his match with them, and with the incredibly optimistic valuations of some of our security. And that borrower has done it again.
Made me chuckle that.
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r1200gs
Member of DD Central
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Post by r1200gs on Jul 25, 2017 12:20:13 GMT
For me the only major issue with Lendy has been them introducing a borrower that has spent a lifetime leaving financial misery in his wake and Lendy foolishly believing that he would meet his match with them, and with the incredibly optimistic valuations of some of our security. And that borrower has done it again. Made me chuckle that. Well, I pretty much burst out laughing when a simple google search told me all I needed to know when it came to deciding if I was going to invest or not. I chose not to, and wisely as it happens. If nothing else it shows that Lendy is probably not for those who choose not to do their own due diligence, because it appears Lendy have a greater tolerance for risk than many lenders. But then, it's not Lendy money, is it?  And yes, those valuations. We have two more that supposedly had 60 percent LTV yet sales have left a shortfall. 
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