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Post by d_saver on Feb 10, 2017 16:53:00 GMT
Check your inboxes  Can't wait to see the pitchforks come out re this one..... |
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Carter
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Post by Carter on Feb 10, 2017 16:55:38 GMT
Oh dear...
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r1200gs
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Post by r1200gs on Feb 10, 2017 16:58:53 GMT
Up until recently, I was always of the opinion that those who were having trouble building a holding were not trying hard enough on the SM. In the last few days, despite being pretty quick, I have managed to blag precisely nothing before being moved on to Capcha. No way am I going to have cash laying idle on account to play that silly game.
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SteveT
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Post by SteveT on Feb 10, 2017 17:00:04 GMT
Removing INPL from SM purchases is a sensible improvement, IMO. I doubt liquidity will be much reduced for sellers but it should give buyers a better chance of picking up what they're looking for before the semi-automated hoovers grab everything (without needing to pay for it) and later chuck back what they don't want.
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r1200gs
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Post by r1200gs on Feb 10, 2017 17:01:29 GMT
Removing INPL from SM purchases is a sensible improvement, IMO. I doubt liquidity will be much reduced for sellers but it should give buyers a better chance of picking up what they're looking for before the semi-automated hoovers grab everything (without needing to pay for it) and later chuck back what they don't want. And yet it will surely massively favour those who have found a way to beat everybody else to a loan part, be it by legitimate means or not. Whatever that might mean.
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ben
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Post by ben on Feb 10, 2017 17:02:23 GMT
Up until recently, I was always of the opinion that those who were having trouble building a holding were not trying hard enough on the SM. In the last few days, despite being pretty quick, I have managed to blag precisely nothing before being moved on to Capcha. No way am I going to have cash laying idle on account to play that silly game. This will probably make it easier to invest on the secondary market if you have the money in the account after all the ones who currently buy it all will need to have funds in there account too.
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r1200gs
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Post by r1200gs on Feb 10, 2017 17:04:14 GMT
Up until recently, I was always of the opinion that those who were having trouble building a holding were not trying hard enough on the SM. In the last few days, despite being pretty quick, I have managed to blag precisely nothing before being moved on to Capcha. No way am I going to have cash laying idle on account to play that silly game. This will probably make it easier to invest on the secondary market if you have the money in the account after all the ones who currently buy it all will need to have funds in there account too. I suppose it depends on how you look at it. What is the point of having money on account when you can't buy a blasted thing? In my opinion, only those who have found a way to beat the rest will have money on account.
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SteveT
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Post by SteveT on Feb 10, 2017 17:04:15 GMT
And yet it will surely massively favour those who have found a way to beat everybody else to a loan part, be it by legitimate means or not. Whatever that might mean. Why? (I certainly may have missed something). Surely all it does is take some of the competition out of the market (ie. those without cash on their accounts), meaning those who DO have cash standing ready should have a better chance of success.
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dzo
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Post by dzo on Feb 10, 2017 17:06:07 GMT
INPL on PM purchases is pointless because we already know in advance to deposit funds on the right day. You never know what might crop up on the SM so you either miss out, or have money sitting there earning no interest.
It's disappointing to see SS abandon one of their best features.
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r1200gs
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Post by r1200gs on Feb 10, 2017 17:06:38 GMT
I for one will not be leaving idle cash on the platform, only to keep getting "this loan is 100% funded". Exactly. Unless you have found some clever way to make sure you don't keep getting that message. Seriously, I have always been able to get something on the SM. but no longer.
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dzo
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Post by dzo on Feb 10, 2017 17:08:48 GMT
And yet it will surely massively favour those who have found a way to beat everybody else to a loan part, be it by legitimate means or not. Whatever that might mean. Why? (I certainly may have missed something). Surely all it does is take some of the competition out of the market (ie. those without cash on their accounts), meaning those who DO have cash standing ready should have a better chance of success. The people who able to snap up loans within milliseconds of them appearing will be confident of being able to invest deposited funds. For everyone else it is too risky because you might not get the chance to buy anything.
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r1200gs
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Post by r1200gs on Feb 10, 2017 17:09:19 GMT
And yet it will surely massively favour those who have found a way to beat everybody else to a loan part, be it by legitimate means or not. Whatever that might mean. Why? (I certainly may have missed something). Surely all it does is take some of the competition out of the market (ie. those without cash on their accounts), meaning those who DO have cash standing ready should have a better chance of success. If one of the FFF guys have cash on account and so do I, nothing much changes for them. The only thing that would change for me is I have idle cash on account and still can't buy anything. It hardly matters if some competition is removed but the same few buyers continue to hoover up all they want. In fact, they can probably relax a little.
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r1200gs
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Post by r1200gs on Feb 10, 2017 17:09:45 GMT
Why? (I certainly may have missed something). Surely all it does is take some of the competition out of the market (ie. those without cash on their accounts), meaning those who DO have cash standing ready should have a better chance of success. The people who able to snap up loans within milliseconds of them appearing will be confident of being able to invest deposited funds. For everyone else it is too risky because you might not get the chance to buy anything. Bingo.
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star dust
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Post by star dust on Feb 10, 2017 17:10:19 GMT
Together with the new default loan policy - with clarity on overdue loans which is welcome, here - I think this will lead to some significant changes in the way the SM operates. Interesting times as they say. |
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jamesc
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Post by jamesc on Feb 10, 2017 17:12:15 GMT
IMHO I think it makes a massive difference it was SS USP and without it the secondary market liquidity will drop massively which is the other USP for SS and the main reason I still have money left on the site. With the drop in rates down to 8% I see no real reason to stay invested in SS.
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