Investboy
Member of DD Central
Trying to recover from P2P revolution
Posts: 564 
Likes: 201
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Post by Investboy on Nov 27, 2015 14:15:31 GMT
I was selling chunks of 100-200 in almost all my loans around 11pm last night and they were disappearing. By the time I listed last one everything was gone.
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LittleBear
Member of DD Central
Posts: 98 
Likes: 76
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Post by LittleBear on Nov 27, 2015 16:05:05 GMT
I was selling chunks of 100-200 in almost all my loans around 11pm last night and they were disappearing. By the time I listed last one everything was gone. Thanks - I think I bought some of those 
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treeman
Member of DD Central
Posts: 1,026
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Post by treeman on Nov 27, 2015 16:59:10 GMT
Me too! Just logged in on the off chance and grabbed a few top-ups.
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paulgul
Member of DD Central
Posts: 401
Likes: 92
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Post by paulgul on Dec 2, 2015 9:03:14 GMT
Bits for sale certainly don't hang about. Just put 3 small bits up for sale (1 was only £25) and each sold within 10 seconds of being put up.
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Post by Deleted on Dec 2, 2015 9:23:46 GMT
I'd like SS to stop developing their IT offering, fix the things they've got wrong on this latest implementation and spend their resources on bringing a stream of good loans to us. It is all too easy for IT to get "ahead" of the company (AC) being a good example and it needs controlling.
BTW their recent communication when they discuss "minor problems" etc was a good example of how banks describe a major cock-up. I suggest that we need better coms from P2P portal and a better description would have been.
"Disappointing start with fast significant improvements and a clear path to enhancements". I've now reported 2 issues, one which makes the whole website hang and one which wastes my life both of which I would describe as incompetent, this is not a team who should be proud of their implementation. If you ain't any good at something, stop.
Transparency is an important part of the new internet world, not marketing B@@@@ks.
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adrianc
Member of DD Central
Posts: 10,041
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Post by adrianc on Dec 2, 2015 9:25:54 GMT
Bits for sale certainly don't hang about. Just put 3 small bits up for sale (1 was only £25) and each sold within 10 seconds of being put up. Woo! I BOUGHT SOMETHING ON THE SM! OK, it was 28p of Superyacht, but...
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mike
Member of DD Central
Posts: 187
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Post by mike on Dec 2, 2015 10:19:21 GMT
The way the SM is operating prevents "mere mortals" from building up a diverse portfolio. Having checked a few random times the same buyers seem to get there first. I can only assume they are using some sort of automation. While it doesn't currently affect me as I have a good spread of loans having invested here for quite a while I can see it limiting my ability to invest in the future. I would like to see SS addressing this issue.
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Post by savingstream on Dec 2, 2015 10:37:50 GMT
The way the SM is operating prevents "mere mortals" from building up a diverse portfolio. Having checked a few random times the same buyers seem to get there first. I can only assume they are using some sort of automation. While it doesn't currently affect me as I have a good spread of loans having invested here for quite a while I can see it limiting my ability to invest in the future. I would like to see SS addressing this issue. We have researched this; there are at any one time about 50 people on the site looking to buy up all the parts that come up for sale. We have traded our own positions on the secondary market and looked into who is buying. We have come to the conclusion that this is not a 'Bot' or automated buying situation but a simple case of some people being quicker off the mark than others - perhaps they have created keyboard shortcuts to allow faster buying, this is very simple and will allow them to get ahead of others. Demand is outstripping supply, sorry. Whilst we would like to offer more loans to the market, our cost of funds is quite high so we are limited in what we bring forward. We could always drop the rate we pay investors? Would you stand for that?
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locutus
Member of DD Central
Posts: 1,059
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Post by locutus on Dec 2, 2015 10:44:27 GMT
We could always drop the rate we pay investors? Would you stand for that? Please don't even joke about such a thing. 
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Post by meledor on Dec 2, 2015 10:45:18 GMT
I'd like SS to stop developing their IT offering, fix the things they've got wrong on this latest implementation and spend their resources on bringing a stream of good loans to us. It is all too easy for IT to get "ahead" of the company (AC) being a good example and it needs controlling. BTW their recent communication when they discuss "minor problems" etc was a good example of how banks describe a major cock-up. I suggest that we need better coms from P2P portal and a better description would have been. "Disappointing start with fast significant improvements and a clear path to enhancements". I've now reported 2 issues, one which makes the whole website hang and one which wastes my life both of which I would describe as incompetent, this is not a team who should be proud of their implementation. If you ain't any good at something, stop. Transparency is an important part of the new internet world, not marketing B@@@@ks.
I have to disagree. I thought Saving Stream handled the transition pretty well - and a lot better than I've seen on other P2P sites. It was good we got to see and try a beta version and although there are still one or two tweaks required I am pretty happy with what we have got.
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dovap
Member of DD Central
Posts: 467
Likes: 410
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Post by dovap on Dec 2, 2015 10:45:24 GMT
watching the speed at which parts (some quite chunky) disappear I find it pretty hard to believe there's not bots/api in operation.
Multi K goes in the time it takes to refresh - well done if you are that fast.
Only started on SS in the last couple of months - at that time it seemed pretty easy to build a small portfolio on the SM - it's very much different now
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pom
Member of DD Central
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Post by pom on Dec 2, 2015 10:50:17 GMT
I'm sure it'll improve when/if all those big loans in the pipeline turn up...until then I'm happy to just increase via pre-funding - it may seem like it'll take forever when you first start but the loans soon build up.
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nsinvestor
Member of DD Central
Posts: 105
Likes: 110
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Post by nsinvestor on Dec 2, 2015 11:08:02 GMT
The way the SM is operating prevents "mere mortals" from building up a diverse portfolio. Having checked a few random times the same buyers seem to get there first. I can only assume they are using some sort of automation. While it doesn't currently affect me as I have a good spread of loans having invested here for quite a while I can see it limiting my ability to invest in the future. I would like to see SS addressing this issue. We have researched this; there are at any one time about 50 people on the site looking to buy up all the parts that come up for sale. We have traded our own positions on the secondary market and looked into who is buying. We have come to the conclusion that this is not a 'Bot' or automated buying situation but a simple case of some people being quicker off the mark than others - perhaps they have created keyboard shortcuts to allow faster buying, this is very simple and will allow them to get ahead of others. Demand is outstripping supply, sorry. Whilst we would like to offer more loans to the market, our cost of funds is quite high so we are limited in what we bring forward. We could always drop the rate we pay investors? Would you stand for that? My own experience would bear this out. I've been able to buy parts on the SM over the last 2-3 months through 'lucky' timing by happening to have the web page open at that moment in time. I don't use and tricks or automation, just react very quickly if I see a part from a loan i'm after to diversify. As I've built a diversified portfolio, I suspect that I won't need to be on the site as often going forward as I'm using pre funding in new loans which will top up the repayments and create their own diversification.
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Post by pepperpot on Dec 2, 2015 11:13:32 GMT
Whilst we would like to offer more loans to the market, our cost of funds is quite high so we are limited in what we bring forward. We could always drop the rate we pay investors? Would you stand for that? Personally, I can get 10%+ on FC (in a convoluted way, 10%, -1% platform fee +1% cashback, coupled with the possibility of at premium sales) with enough regularity to keep me satisfied. Sorry, but I see FC as a reduced risk platform due to their size and mix of loans when compared to SS, so 10% here is just not attractive to me. 11% might fly, but it would be a crying shame to lose the usp of a flat 1% p/m, I'd wait see how MT fair when they introduce below 12% loans via Broadoak before thinking further along those lines.
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oldgrumpy
Member of DD Central
Posts: 5,087
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Post by oldgrumpy on Dec 2, 2015 11:36:35 GMT
We have researched this; there are at any one time about 50 people on the site looking to buy up all the parts that come up for sale. We have traded our own positions on the secondary market and looked into who is buying. We have come to the conclusion that this is not a 'Bot' or automated buying situation but a simple case of some people being quicker off the mark than others - perhaps they have created keyboard shortcuts to allow faster buying, this is very simple and will allow them to get ahead of others.... I wish I wasn't a computer numpty  Must look up "creating shortcuts".
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