david42
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Post by david42 on Nov 4, 2016 15:54:16 GMT
I asked for £1,000 and got £1,000.
Oh dear, will no one own up to having a larger holding than me? Please can someone take over the hot seat as I cannot stand the embarrassment.
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david42
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Post by david42 on Oct 23, 2016 23:01:52 GMT
Just take care about flexibility. I once did what adrianc suggested and kicked myself a couple of days later when I wanted to sell some to fill a negative balance. I had fallen foul of the 7-day rule. Consolidating the parts made them a new purchase and I couldn't sell any of them. Whoops... The ban on trading loans younger than 7 days does make it harder to consolidate loan parts. I use two approaches to reduce the problem: a) I try to consolidate the new purchases within a day or two of purchase as they are already impacted by the 7 day ban anyway. b) When amalgamating older parts my rule is to leave behind 50% by value of parts older than 7 days. That way I can always sell 50% of any loan and after 14 days with no new purchases, the loan will have been amalgamated to just two parts.
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david42
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Post by david42 on Oct 23, 2016 22:02:49 GMT
We don't actually KNOW that £5m ha been sold, do we .. SS could still be sitting on a heap which they chose not to release to the SM (yet). In the old days we could exploit a bug to look at all the extant parts, but that's no longer an option. SS usually drip feed in smaller amounts. The fact that they have put £2M on the market makes me hopeful that SS have listened to previous criticism and decided to show us the full picture.
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david42
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Post by david42 on Oct 23, 2016 11:21:15 GMT
Come on D******7
how do you do it spill the beans all within the last hour no one else has a sniff
23/10/2016 D******7 £340.00 23/10/2016 D******7 £100.00 23/10/2016 D******7 £100.00 23/10/2016 D******7 £30.00 23/10/2016 D******7 £100.00 23/10/2016 D******7 £100.00 23/10/2016 D******7 £60.00 23/10/2016 D******7 £100.00 23/10/2016 D******7 £50.00 23/10/2016 D******7 £2,900.00
Those look like my purchases. Unfortunately my method takes nearly 100% of my time when I am buying. I use a dedicated PC. I leave the available loans screen open on a 6 second automatic refresh and I keep a buy screen open with the Google capture primed and preset with the maximum I want to buy. When a nice loan part arrives I just need to click on "invest" and "OK". I still miss about half of them. I do not use "Check for Change" because, at least on my ancient PC, I find a simple refresh and manually spotting changes is slightly faster. Sellers seem to sell their parts in batches, so if I miss a loan part I watch the screen more closely to ensure I catch the subsequent parts. Someone was selling a lot of £100 parts in PBL142 earlier this morning and I seemed to be the only buyer around. The £2,900 purchase and the £340 purchase are just me selling multiple smaller loan parts back to myself to amalgamate the loan parts. The market is quieter now so I will get on with other work and leave the market to others.
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david42
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Post by david42 on Oct 21, 2016 22:13:34 GMT
Old problem seems to be back ! I put some DFL004 up for sale but it's not showing on main available loans page although it is showing in myloans/selling loanparts. Yes. The last £80 of a DFL004 sale remains hidden from view and unsellable until displaced by the next seller of DLF004. The clue is that when you try to sell DFL004 loan it shows the amount for sale and that is £80 more than the amount shown on the available loans page. I minimise the impact by breaking my sales into two parts. The second part being £80, which remains hidden and unsellable until the next person sells some of PBL004. The SM is very active today, so I got my stuck £80 back within 30 mins.
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david42
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Post by david42 on Oct 19, 2016 21:38:50 GMT
cooling_dude I was very sad to hear that you will no longer be producing your valuable due diligence threads. You had brought some badly needed organisation and structure to the previous rather random due diligence comments. You made my job a lot easier in choosing which loans to invest in. My personal P2P investment approach is built around the information available from these forums, and your contributions have been amongst the most valuable. If moderator concerns have become such a significant constraint on some of the most valuable postings on the forum, should we push for a private board like AC? Would that do enough to alleviate the moderator's fears?
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david42
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Post by david42 on Oct 19, 2016 8:23:35 GMT
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david42
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MoneyThing (MT) in Administration
Site Down
Oct 17, 2016 23:45:31 GMT
Post by david42 on Oct 17, 2016 23:45:31 GMT
It is back now
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david42
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Post by david42 on Oct 17, 2016 18:26:12 GMT
This is the first tranche. Do we know how big the complete loan's going to be? The SS loan description says: "Total borrowing will not exceed 70% of Gross Development Value (£1,615k). "
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david42
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Post by david42 on Oct 15, 2016 22:34:03 GMT
I checked the pebbles from the latest down to PBL100 before I got bored, and I agreed with your other entries as far as I could tell. I checked them against both the allocation I received at the time and your allocation statement in the post linked to each loan. I cannot comment on the DFLs.
Yes, it would be helpful to see the number of investors allongside the allocations. Thank you.
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david42
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Post by david42 on Oct 15, 2016 22:10:46 GMT
cooling_dude thanks for adding the allocations to your index, on top of all the other work you do for us. It will be helpful to have the allocation overview back again. I think PBL116 and PBL118 are both £3,000+% not £3,000. The information we have on the discussion board at the time is that LittleBear reported "And the allocation for PBLs 116 and 118 was at least £3000". These loans should have been % allocation as they were over £1M. But I see you withdrew your 100% allocation statement at the time, suggesting that this was the period when Saving Stream were being unpredictable on their choice of allocation rules. These loans were launched into the flood of loans the week before the Brexit vote when I recall we were more interested in selling than buying. I have asked the mods to unsticky the previous allocation list now that it is superseded by your work.
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david42
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Post by david42 on Oct 13, 2016 7:45:33 GMT
Neil_P2PBlog Thank you for the interesting review of your experience. I would be interested to hear how long the sellout took. Your blog currently says: "Day 3: [will update]" Thank you David
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david42
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Post by david42 on Sept 30, 2016 11:03:18 GMT
4th Oct @ 13:22
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david42
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Post by david42 on Sept 25, 2016 13:24:14 GMT
But you do have the costs of accounts being done each year - they have to be audited so need to be done by an accountant IIRC rather than just yourself. If the company assets are under £3.26 million you do not normally need an audit: www.gov.uk/audit-exemptions-for-private-limited-companies
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david42
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Post by david42 on Sept 24, 2016 17:48:10 GMT
Anyone had funds credited today? Funds I sent last night are not yet credited. I appreciate it's Saturday but was wondering if I'm alone or others are in the same boat. I am in the same position. Funds I sent last night have not been credited today. Saving Stream usually has a payment run on Saturday morning. Today must have been an exception.
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