GeorgeT
Member of DD Central
Posts: 1,322
Likes: 1,576
|
Post by GeorgeT on May 18, 2017 16:33:02 GMT
There has been a lot of availability of these loans today... So I bought some parts up - 12%, 200+ days remaining, low LTV, FFF stuff. Then I wondered... Then I read this... And now I sold up. Phew. The reason they are FFF loans and you were able to sell out straight away is because they are in-demand loans. I try not to be influenced by the things the DD enthusiasts post up. You never know if they have a hidden agenda. Spooking others is a good way of creating SM availability. Also,some people find it hard to grasp that the 3 most important criteria in loan quality and hence demand/liquidity are 1. days left, 2. interest rate and 3. size of loan. The character of the borrower is well down the pecking order; you won't find many A1 background people borrowing money at very high rates of interest from lenders of last resort. In my opinion, success is more about good portfolio management and buying and selling at the right time.
|
|
IFISAcava
Member of DD Central
Posts: 3,691
Likes: 3,015
|
Post by IFISAcava on May 18, 2017 16:45:23 GMT
There has been a lot of availability of these loans today... So I bought some parts up - 12%, 200+ days remaining, low LTV, FFF stuff. Then I wondered... Then I read this... And now I sold up. Phew. The reason they are FFF loans and you were able to sell out straight away is because they are in-demand loans. I try not to be influenced by the things the DD enthusiasts post up. You never know if they have a hidden agenda. Spooking others is a good way of creating SM availability. Also,some people find it hard to grasp that the 3 most important criteria in loan quality and hence demand/liquidity are 1. days left, 2. interest rate and 3. size of loan. The character of the borrower is well down the pecking order; you won't find many A1 background people borrowing money at very high rates of interest from lenders of last resort. In my opinion, success is more about good portfolio management and buying and selling at the right time. Agreed, hence why I bought them at first. But there's dodgy and there's "well dodgy run a mile this could end very badly flawed character could do some really wild stuff" dodgy. I felt the risk of an exodus that would imperil the sell out early policy was too high. In other words, I felt now was the right time to sell for these loans (I had some older parts too). But probably you're right, there's a hundred decent days left if you put a peg on your nose.
|
|
gustapher
Member of DD Central
Posts: 144
Likes: 267
|
Post by gustapher on May 18, 2017 18:00:45 GMT
Borrower must have a mixed relationship with the authorities. Found not guilty last year, who knows about the current "up the creek" case. But this link is amusing retort and sign of nuttiness (apologies if posted before); www.justanswer.co.ukHow on Earth does someone that mental make so much money?
|
|
guff
Posts: 730
Likes: 707
|
Post by guff on May 18, 2017 18:08:35 GMT
Borrower must have a mixed relationship with the authorities. Found not guilty last year, who knows about the current "up the creek" case. But this link is amusing retort and sign of nuttiness (apologies if posted before); www.justanswer.co.ukHow on Earth does someone that mental make so much money? Kev's not mental: He's just a bit eccentric. Allegedly.
|
|
gurberly
Member of DD Central
Posts: 168
Likes: 98
|
Post by gurberly on May 18, 2017 18:21:40 GMT
....... and buying and selling at the right time. so are you buying or selling at the moment?
|
|
ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,162
Likes: 4,852
|
Post by ozboy on May 18, 2017 19:05:58 GMT
....... and buying and selling at the right time. so are you buying or selling at the moment? Neither, he's pontificating!
|
|
elliotn
Member of DD Central
Posts: 3,064
Likes: 2,681
|
Post by elliotn on May 19, 2017 0:31:28 GMT
The reason they are FFF loans and you were able to sell out straight away is because they are in-demand loans. I try not to be influenced by the things the DD enthusiasts post up. You never know if they have a hidden agenda. Spooking others is a good way of creating SM availability. Also,some people find it hard to grasp that the 3 most important criteria in loan quality and hence demand/liquidity are 1. days left, 2. interest rate and 3. size of loan. The character of the borrower is well down the pecking order; you won't find many A1 background people borrowing money at very high rates of interest from lenders of last resort. In my opinion, success is more about good portfolio management and buying and selling at the right time. Agreed, hence why I bought them at first. But there's dodgy and there's "well dodgy run a mile this could end very badly flawed character could do some really wild stuff" dodgy. I felt the risk of an exodus that would imperil the sell out early policy was too high. In other words, I felt now was the right time to sell for these loans (I had some older parts too). But probably you're right, there's a hundred decent days left if you put a peg on your nose. Another variable to consider is that most investors do not use this forum. Those that do will have already had ample opportunity to sell through his duplicitous back-story and never ending court cases.
|
|
IFISAcava
Member of DD Central
Posts: 3,691
Likes: 3,015
|
Post by IFISAcava on May 19, 2017 7:45:19 GMT
Agreed, hence why I bought them at first. But there's dodgy and there's "well dodgy run a mile this could end very badly flawed character could do some really wild stuff" dodgy. I felt the risk of an exodus that would imperil the sell out early policy was too high. In other words, I felt now was the right time to sell for these loans (I had some older parts too). But probably you're right, there's a hundred decent days left if you put a peg on your nose. Another variable to consider is that most investors do not use this forum. Those that do will have already had ample opportunity to sell through his duplicitous back-story and never ending court cases. Good point. Proof of the pudding is in the eating - high demand for the loans continues.
|
|
r1200gs
Member of DD Central
Posts: 1,336
Likes: 1,883
|
Post by r1200gs on May 19, 2017 9:48:44 GMT
The reason they are FFF loans and you were able to sell out straight away is because they are in-demand loans. I try not to be influenced by the things the DD enthusiasts post up. You never know if they have a hidden agenda. Spooking others is a good way of creating SM availability. Also,some people find it hard to grasp that the 3 most important criteria in loan quality and hence demand/liquidity are 1. days left, 2. interest rate and 3. size of loan. The character of the borrower is well down the pecking order; you won't find many A1 background people borrowing money at very high rates of interest from lenders of last resort. In my opinion, success is more about good portfolio management and buying and selling at the right time. Agreed, hence why I bought them at first. But there's dodgy and there's "well dodgy run a mile this could end very badly flawed character could do some really wild stuff" dodgy. I felt the risk of an exodus that would imperil the sell out early policy was too high. In other words, I felt now was the right time to sell for these loans (I had some older parts too). But probably you're right, there's a hundred decent days left if you put a peg on your nose. I agree with all of that. We all surely understand that we are lenders of last resort and that the people we are lending to are not going to be the most credit worthy, but lending to complete lunatics and career con men is another kettle of fish. Note, I am talking in general and not about any particular borrower.. I hold some of this loan but not for much longer, simply because I don't trust the borrower as far as I could throw him. In fact, I'll go list that one for sale right now. :-)
|
|
elliotn
Member of DD Central
Posts: 3,064
Likes: 2,681
|
Post by elliotn on May 19, 2017 11:48:38 GMT
Agreed, hence why I bought them at first. But there's dodgy and there's "well dodgy run a mile this could end very badly flawed character could do some really wild stuff" dodgy. I felt the risk of an exodus that would imperil the sell out early policy was too high. In other words, I felt now was the right time to sell for these loans (I had some older parts too). But probably you're right, there's a hundred decent days left if you put a peg on your nose. I agree with all of that. We all surely understand that we are lenders of last resort and that the people we are lending to are not going to be the most credit worthy, but lending to complete lunatics and career con men is another kettle of fish. Note, I am talking in general and not about any particular borrower.. I hold some of this loan but not for much longer, simply because I don't trust the borrower as far as I could throw him. In fact, I'll go list that one for sale right now. :-) Prodigious selling - all gone! 😎
|
|
ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,162
Likes: 4,852
|
Post by ozboy on May 19, 2017 11:51:57 GMT
Blimey, the Lemmings are alive and well, having emigrated from Norway - does UKIP know?!!!
|
|
GeorgeT
Member of DD Central
Posts: 1,322
Likes: 1,576
|
Post by GeorgeT on May 19, 2017 13:11:18 GMT
Blimey, the Lemmings are alive and well, having emigrated from Norway - does UKIP know?!!! Lemmings? Did you mean to say astute investors with a proven and successful investment strategy? :-)
|
|
ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,162
Likes: 4,852
|
Post by ozboy on May 19, 2017 13:39:17 GMT
Deja Vu
|
|
am
Posts: 1,495
Likes: 601
|
Post by am on May 20, 2017 16:12:30 GMT
Blimey, the Lemmings are alive and well, having emigrated from Norway - does UKIP know?!!! Lemmings? Did you mean to say astute investors with a proven and successful investment strategy? :-) The problem with proven and successful investment strategies is that one day they stop being successful. For example, once upon a time the relative share prices of Scottish Power and Scottish and Southern Energy varied by 10% or more on a scale of weeks to months. So I made money by switching my ISA funds between these two companies. This worked until Scottish Power got caught out by other companies manipulation of the American electricity market. I was in the wrong company of the pair at the time and lost several thousand pounds. Even holding Berkshire Hathaway shares (or for people like me a Berkshire Hathaway share) doesn't always work.
|
|
r1200gs
Member of DD Central
Posts: 1,336
Likes: 1,883
|
Post by r1200gs on May 21, 2017 10:53:02 GMT
Blimey, the Lemmings are alive and well, having emigrated from Norway - does UKIP know?!!! Same lemming that sold a farm and a tin shed when he discovered the background of the borrower. Say, how's that going?
|
|