jimbob
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Post by jimbob on Jun 3, 2016 16:49:05 GMT
I've tidied up my Beds farmland, I assume all tranches are pari pasu right ? Edit: I see 'not quite', D has the buildings which is what I've switched to - most likely they are all linked should anything happen anyways..
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jimbob
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Likes: 74
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Post by jimbob on Jun 3, 2016 16:09:54 GMT
£33k of pbl60 on the market Edit: gone, BH's took it. I am a bit overweight in 60, I'd trade it for some 72 - though it is difficult to coordinate this sort of thing
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jimbob
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Likes: 74
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Post by jimbob on Jun 3, 2016 16:01:46 GMT
PBl82 processing investment for about the last minute, trying to buy ...
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jimbob
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Post by jimbob on Jun 3, 2016 15:48:41 GMT
PBL 25 is a good one, should roll into DFL soon. Edit: damn wanted that 250 on 72, only got £50 Edit: got more pbl 60 72 is amazing, probably one of the best loans in the whole of UK p2p right now.
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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Post by jimbob on Jun 3, 2016 15:33:19 GMT
There's a hell of a lot of stuff on the SM i wouldnt touch with a bargepole, except pbl033, thats looks like a bargain, and a lovely development. quick pile in while its still there ... I have a smidgen of that already, and a smidgen is all I want, I think
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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Post by jimbob on Jun 3, 2016 15:16:07 GMT
Been so close to getting some of the ~ 20% LTV Liverpool student stuff but always denied by captcha and other people's fast fingers 3k of Pbl 90, clicked and... gone
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jimbob
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Likes: 74
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Post by jimbob on Jun 3, 2016 14:37:44 GMT
Ended up with way too much! How ? At 23.3% what were you expecting ?
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jimbob
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Post by jimbob on Jun 3, 2016 14:23:27 GMT
23.3%
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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Post by jimbob on Jun 3, 2016 14:19:57 GMT
27.7%
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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Post by jimbob on Jun 3, 2016 13:19:35 GMT
Someone's bought £5k and someone else has bought £1k today.
Perhaps they can spend that PPI payout after all !
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jimbob
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Posts: 317
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Post by jimbob on Jun 3, 2016 13:10:24 GMT
who is that silly boy who put on sale 0.01 £ of almost every single loan on SS? Is this a confusion tactic (you make it confusing for competitors hopying to get some advantage yourself)? They have strong 'SavingstreamFu'.
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jimbob
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Post by jimbob on Jun 3, 2016 12:56:53 GMT
When are bustiest times on the SM? When a new loan is about to go live with the new "rules" perhaps even more so now, and just after midnight.
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jimbob
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Post by jimbob on Jun 3, 2016 12:49:49 GMT
So at best the loan is recovered and you get your capital and 12% interest (is the accruing interest being compounded?) and at worst you suffer a catastrophic capital loss - seems like a very asymmetric pay-off. There are other P2P platforms where you can get a similar return without taking on this level of risk so I struggle to believe lack of investment opportunities is driving people to invest. There is the saying, be greedy when others are fearful - but I'm not sure Mr Buffet was considering Garden Centres in default on this one...
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jimbob
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Post by jimbob on Jun 3, 2016 12:44:05 GMT
I don't understand who would ever want to buy into this defaulted loan - lots of risk but no upside? What I'm I missing? There may be one or two people local to the garden centre who can do detailed due diligence on the garden centre business by visiting it and who may be able to conclude that a sale in excess of the asking price is the most likely outcome. Certainly I'd expect the £10k plus chunks that are being bought will fall into this category. The upside for any such people is being able to place that size of investment into the market in one chunk ... todays new loans on here and on AC could result in allocations of just a few hundred pounds per loan.
I always pondered if the people backing Marco Rubio at "odds on" on Betfair about 4 months ago knew something more, had inside info etc etc. You think they must to be placing such obvious 'looking' poor bets/making bad investments - but almost always it is not the case; and they do in fact just plain and simply have more money than sense.
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jimbob
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Post by jimbob on Jun 3, 2016 11:35:33 GMT
The negative days don't necessarily mean that the loan will repay soon, as sometime SS has given the client an extension. But as a rule of thumb, if you want to keep your money in the investments for a while, try to buy loans with numbers higher than 70. These will also be more likely to sell quickly, especially the loans where the overall sum lent was relatively small. The land in Bedfordshire, for example, has gone through phases where it took a few days to sell on the secondary market, but right now it sells fast. what do you mean by higher than 70 ? thanks More likely to have higher remaining days
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