rxdav
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Post by rxdav on Jun 22, 2017 8:09:35 GMT
The post above illustrates why I struggle to understand how people think they can do such extensive due dil so as to mitigate risk. At least where the DFLs are are concerned. Mitigate some risk? Yes. Definitely. Mitigate all risk? No. Definitely not. (And I'd challenge you find a post where that is claimed, but that's possibly a lot of effort for little gain whatever the result.) Mitigate sufficient risk. Possibly. And where DD doesn't clear the runway to the point that investment becomes a comfortable proposition, then don't invest. DD / risk assessment is an ongoing exercise. The inputs change and new criteria are introduced. Which goes to reiterate what has been said before: Investing off the back of due diligence isn't a commitment to hold to term, it's a comfort blanket should you have to hold to term and beyond. If the risk profile changes unfavourably, then sell without hesitation, if possible. That loan you are holding has just had its parent company go into liquidation. I sold out earlier today but you are still holding purely because it is 12% and 330+ days term remaining. Wouldn't want to be in your shoes when the platforms make the announcement in a day or two and the SM has clogged up in the meantime.Unless I'm missing something (wouldn't be the first time) there are currently no loans on Ly which are 330+ days and 12%?
Are you referring to another platform?
Puzzled
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Post by portlandbill on Jun 22, 2017 8:17:25 GMT
Mitigate some risk? Yes. Definitely. Mitigate all risk? No. Definitely not. (And I'd challenge you find a post where that is claimed, but that's possibly a lot of effort for little gain whatever the result.) Mitigate sufficient risk. Possibly. And where DD doesn't clear the runway to the point that investment becomes a comfortable proposition, then don't invest. DD / risk assessment is an ongoing exercise. The inputs change and new criteria are introduced. Which goes to reiterate what has been said before: Investing off the back of due diligence isn't a commitment to hold to term, it's a comfort blanket should you have to hold to term and beyond. If the risk profile changes unfavourably, then sell without hesitation, if possible. That loan you are holding has just had its parent company go into liquidation. I sold out earlier today but you are still holding purely because it is 12% and 330+ days term remaining. Wouldn't want to be in your shoes when the platforms make the announcement in a day or two and the SM has clogged up in the meantime.Unless I'm missing something (wouldn't be the first time) there are currently no loans on Ly which are 330+ days and 12%?
Are you referring to another platform?
Puzzled
Me too. DFL012 has 185 days remaining (but a huge amount available on the SM)
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SteveT
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Post by SteveT on Jun 22, 2017 8:19:12 GMT
Unless I'm missing something (wouldn't be the first time) there are currently no loans on Ly which are 330+ days and 12%?
Are you referring to another platform?
Puzzled I count 4 (sorting Live Loans by Remaining Term) and 2 more on 329 days
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lobster
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Post by lobster on Jun 22, 2017 8:22:11 GMT
Unless I'm missing something (wouldn't be the first time) there are currently no loans on Ly which are 330+ days and 12%?
Err Pardon ?? DFL027 and DFL029 , DFL022 , DFL028 are all greater than 330 days. Also PBL178 , PBL179 both 229days. All these loans are 12%
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elliotn
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Post by elliotn on Jun 22, 2017 8:24:48 GMT
Mitigate some risk? Yes. Definitely. Mitigate all risk? No. Definitely not. (And I'd challenge you find a post where that is claimed, but that's possibly a lot of effort for little gain whatever the result.) Mitigate sufficient risk. Possibly. And where DD doesn't clear the runway to the point that investment becomes a comfortable proposition, then don't invest. DD / risk assessment is an ongoing exercise. The inputs change and new criteria are introduced. Which goes to reiterate what has been said before: Investing off the back of due diligence isn't a commitment to hold to term, it's a comfort blanket should you have to hold to term and beyond. If the risk profile changes unfavourably, then sell without hesitation, if possible. That loan you are holding has just had its parent company go into liquidation. I sold out earlier today but you are still holding purely because it is 12% and 330+ days term remaining. Wouldn't want to be in your shoes when the platforms make the announcement in a day or two and the SM has clogged up in the meantime.Unless I'm missing something (wouldn't be the first time) there are currently no loans on Ly which are 330+ days and 12%?
Are you referring to another platform?
Puzzled
Shoreditch and Huddersfield are 12% 330-339D, you might be looking at SM instead of Live Loans.
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Post by portlandbill on Jun 22, 2017 8:25:25 GMT
so are we talking about DFL012 or not?
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Post by mrg on Jun 22, 2017 8:44:45 GMT
I think this was just a point being made about carelessly investing in any old loan without doing DD. I don't think it was supposed to be taken literally. You are a jumpy lot aren't you?
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twoheads
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Programming
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Post by twoheads on Jun 22, 2017 8:50:12 GMT
I think this was just a point being made about carelessly investing in any old loan without doing DD. I don't think it was supposed to be taken literally. You are a jumpy lot aren't you? Shame... you've let the hypothetical cat out of the bag.
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Post by Deleted on Jun 22, 2017 8:50:58 GMT
That loan you are holding has just had its parent company go into liquidation. I sold out earlier today but you are still holding purely because it is 12% and 330+ days term remaining. Wouldn't want to be in your shoes when the platforms make the announcement in a day or two and the SM has clogged up in the meantime. So has a parent company gone into administration or not? If so why are we talking about it in the DFL12 post and not in the relevant loan. Would be a very strange, fear inducing story to create just to make a point so I'm assuming this is a reality?
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Post by portlandbill on Jun 22, 2017 8:53:36 GMT
Exactly.
Which part of "That loan you are holding has just had its parent company go into liquidation." are we not supposed to be taking literally?
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p2pmark
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Post by p2pmark on Jun 22, 2017 8:57:12 GMT
Exactly. Which part of "That loan you are holding has just had its parent company go into liquidation." are we not supposed to be taking literally? I get the point being made, and agree. Although this has nothing to do with DFL012 (as I understand it).
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elliotn
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Post by elliotn on Jun 22, 2017 9:04:51 GMT
That loan you are holding has just had its parent company go into liquidation. I sold out earlier today but you are still holding purely because it is 12% and 330+ days term remaining. Wouldn't want to be in your shoes when the platforms make the announcement in a day or two and the SM has clogged up in the meantime. OK. Time's up. That loan doesn't exist. But it might have, and without DD - or operating a nothing but a 'mechanical' investing system - you'd be on the wrong side of ignorance. Spoil sport...was waiting to pick up gt's B***k A & Pitfield! 
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duck
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Post by duck on Jun 22, 2017 9:38:21 GMT
I suspect some folk have found out more information about one or two of their loans in the last few hours than they ever knew about for their entire portfolio - historical and present - previously. And they are the better off for it. I doubt if spiker is one of them ........... 
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rxdav
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Post by rxdav on Jun 22, 2017 10:15:01 GMT
I stand corrected (as said the man in the orthopaedic shoes) - I was indeed searching 'loans available' as opposed to 'live loans'.
Still puzzled however !?!?
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elliotn
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Post by elliotn on Jun 22, 2017 10:20:37 GMT
I suspect some folk have found out more information about one or two of their loans in the last few hours than they ever knew about for their entire portfolio - historical and present - previously. And they are the better off for it. I doubt if spiker is one of them ........... Someone still needs their 'bot smacked* * DD says there a loan for that too!
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