elliotn
Member of DD Central
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Post by elliotn on Mar 19, 2017 11:37:13 GMT
I'm expecting 73 surplus to gobble up 17 + long 12%. If it happens before 19, I'm hovering above the sales' cancel button. Come on 19!
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dan83
Posts: 243 
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Post by dan83 on Mar 19, 2017 13:00:04 GMT
Ok I'm abit confused after reading some posts regarding interest on loan parts for sale.
Do I need to cancel sale at 11:59 and put back for sale at 12:01 in order to get the interest?
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Post by GSV3MIaC on Mar 19, 2017 14:01:32 GMT
I believe the answer is 'yes', assuming you mean PM and midnight (23:59 and 00:01)
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ali
Member of DD Central
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Post by ali on Mar 19, 2017 15:21:35 GMT
Ok I'm abit confused after reading some posts regarding interest on loan parts for sale. Do I need to cancel sale at 11:59 and put back for sale at 12:01 in order to get the interest? That will always get you the interest, yes. Some other scenarios: If you put a loan part up for sale on the 1st, cancel it at 23:59 on the 3rd, and relist it at 00:01 on the 4th, you get all the interest back. If you put a loan part up for sale on the 28th, cancel it at 00:01 on the 3rd, and relist it at 00:01 on the 4th, you lose the interest in the first month but get all the interest in the second month back. One thing I am not sure of, having never pushed it, is whether you can cancel a sale at 00:01 on the 1st (ie., before the interest run) and get all the interest in the first month back.
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Post by trentenders on Mar 19, 2017 16:11:29 GMT
Cancelling before the end of the month and then relisting on the 1st was the more worthwhile suggestion for consideration, whereby you could potentially save up to 1% (i.e. a whole month's interest).
You'd save 30-odd pence per £1k invested if you cancelled it for one night. Probably not worth the effort(?).
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Mar 19, 2017 16:29:34 GMT
Would it be worth SS removing this 'feature' / 'loophole'? eg: interest was lost for any day (including part-day) that a loan was listed. Based on the today's SM levels, they'd save £700 per day. (Not including the non-drawndown DFL017 but including the 10 default loans.) Today's levels are perhaps atypical, but once the cost to implement is covered, it's all savings from SS' perspective... If there was no loss of interest the SM level might be £10m or more.
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jomantha
Member of DD Central
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Post by jomantha on Mar 20, 2017 10:05:20 GMT
SM back to normal  |
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sg
Posts: 68
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Post by sg on Mar 20, 2017 10:32:59 GMT
Really liking the way this is working out. Sell short loans on Thursday/Friday, buy long loans on the weekend. I've managed to move my average loan length out past 6 months for the first time for ages, which is a good thing in my book.
Don't suppose it will last, and it's probably as much to do with repayments etc as with the new rules on INPL, but I'm enjoying while I can.
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elliotn
Member of DD Central
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Post by elliotn on Mar 20, 2017 10:36:06 GMT
SM back to normal Can't buy anything decent grrrrr! 
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Post by jackpease on Mar 20, 2017 10:40:06 GMT
It is buzzing like a busy trading floor. Would love to see a real time graph of trade volumes.
I quite enjoy the rough and tumble of SS, it's as close to high roller gambling as i'm gonna get!
Jack P
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jomantha
Member of DD Central
Posts: 177
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Post by jomantha on Mar 20, 2017 11:53:55 GMT
SM back to normal Can't buy anything decent grrrrr! Luckily I decided to take a gamble - need to sell on some stuff shortly (next few days) and it will all be 80+ day 11/12% loans.
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