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Post by spiker on Aug 6, 2017 14:21:32 GMT
Hi folks, I am currently running a flipping strategy where I flip before 1st payment. However at weekends a bit of cash can build up in the account as loan parts sell over the weekend with nothing new to buy on the primary market. At the moment I am waiting until the next week to spend this cash on the primary market, but not sure if this is the best option.
Is it possible to filter the secondary market on 'day until next payment'? Its a bit annoying to go through them all and check when the next repayment date is. I don't want to be holding a loan over any repayment and therefore want to buy loans with plenty of time still to run until the next payment (so i can accrue interest)
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Post by dan1 on Aug 6, 2017 14:30:56 GMT
Hi folks, I am currently running a flipping strategy where I flip before 1st payment. However at weekends a bit of cash can build up in the account as loan parts sell over the weekend with nothing new to buy on the primary market. At the moment I am waiting until the next week to spend this cash on the primary market, but not sure if this is the best option. Is it possible to filter the secondary market on 'day until next payment'? Its a bit annoying to go through them all and check when the next repayment date is. I don't want to be holding a loan over any repayment and therefore want to buy loans with plenty of time still to run until the next payment (so i can accrue interest) I'd start with lonerifle's browser extension. At least you'll only need to hover over the loan rather than click through. p2pindependentforum.com/thread/8713/fcviz-chrome-extension-funding-circle
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Post by ratrace on Aug 6, 2017 15:10:24 GMT
A quick guide is to look at the loan at the top of the list for each month. As this one will have the longest time until the next months payment.
As for a weekend strategy mine to look for old loan parts that investors have got bored with and are selling them off cheaply on the SM.
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markr
Member of DD Central
Posts: 766
Likes: 426
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Post by markr on Aug 6, 2017 17:10:04 GMT
I try to end Friday with no idle funds, currently not too difficult as FC seem to pop a few C loans out late on Friday or there'll likely be a larger B hanging around to put leftovers in. I only sell "on demand" at par, so I don't sell anything unless there's something on the PM to soak up the released funds. I'm a slow flipper though, selling over 6 months or so, so sales fees aren't as significant as for your strategy.
I notice at the moment someone is so determined not to hold a D for the first payment (due tomorrow) that they're selling at a discount. I've accumulated 60 squids worth of repayments since Friday so I've had a bit of that. Hope it pays tomorrow!
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