LendingCROWD NZ P2P

[Saamee]

After scoring my first B loan for some weeks because of a complete fluke when I clicked on 1 minute after a loan was listed on Friday I now see that it has been reversed today. Not happy !!!
I am not sure how to get immediate alerts for emails on my phone and am getting tired of logging on hour after hour in the hope of "scoring".

If you already get Emails on your Smart Phone then you are all set.

Otherwise you will need to set up Emails on your phone.

There is no other way!

If you are also with Squirrel > They have an APP that works well on your phone!

[Darchie]

Well i say Saamee, that's not completely true in my case as, I get an email notification; log in Immediately and often find small B loans are already filled and gone!
It's almost like my notifications are 10 minutes old before I receive them!

[Saamee]

Well i say Saamee, that's not completely true in my case as, I get an email notification; log in Immediately and often find small B loans are already filled and gone!
It's almost like my notifications are 10 minutes old before I receive them!

With Email notification he will be ahead of where he is now.

Yes agree, they still may not help him wrt speed

ll depends on the size of the loan!.

[joker]

With Email notification he will be ahead of where he is now.

Yes agree, they still may not help him wrt speed

ll depends on the size of the loan!.

Size doesn't seem to matter - it depends more on the interest rate - little demand for A loans but huge demand for B loans.

[Bjauck]

Size doesn't seem to matter - it depends more on the interest rate - little demand for A loans but huge demand for B loans.

If a loan appears a reasonably short time after a previous one, there may be tail end lenders logging in to view the previous loan just as the new loan is listed.

I think some email servers do not allow push notifications so that could cause a delay of you need to rely on a regular fetch.

[Soolaimon]

What I would really like is a beep, whistle etc when an email arrives in my phone. Like a text does. Maybe this can be done but I am not up with all the tricks.
Another thing I think about is that one has to invest 8 to 10 times the amount per loan that I do at Harmoney and as yet no defaults. If and when there is a LC default it is going to have a big effect on my RAR. The security factor does not come into it for my way of thinking
I have about 25K in each and invest $25-75 in B and C loans at Harmoney and $250=400 in LC loans. I have been in H since the start and after dabbling with a few "testers" at $25 I was putting $100-200 per loan. At around 18 months I got hit with a few defaults that knocked my RAR of 15% down to 11%. For the last year or so I have only been investing as above and my RAR is slowly climbing. 12.9% and I am happy at that. LC RAR has never made the 12% due to my inability to score B loans very often. And then if I get a $300 default at LC the RAR will drop considerably.
It is all good fun though and it is still subsidizing the returns from term deposits at the banks and that is the reason I am in.

[Bjauck]

What I would really like is a beep, whistle etc when an email arrives in my phone. Like a text does. Maybe this can be done but I am not up with all the tricks....

Try in IOS:
Settings-notifications-mail-allow notifications-then click on your mail provider-select type of sound

However your mail provider's server may not allow push notifications so you may need to settle on fetching mail (for example) every 15 mins.

[joker]

Well i say Saamee, that's not completely true in my case as, I get an email notification; log in Immediately and often find small B loans are already filled and gone!
It's almost like my notifications are 10 minutes old before I receive them!

These small B loans (2k-6k) are filling in under 10 seconds. It's like only one investor is filling the entire amount, yet large A loans are up for hours.

[RMJH]

These small B loans (2k-6k) are filling in under 10 seconds. It's like only one investor is filling the entire amount, yet large A loans are up for hours.

I am no expert but wouldn't be surprised if these are being filled by automated trading of some sort. You would have no chance beating that manually and to be honest that kind of race doesn't feel like prudent investing!

[darrenc]

I am no expert but wouldn't be surprised if these are being filled by automated trading of some sort. You would have no chance beating that manually and to be honest that kind of race doesn't feel like prudent investing!

They're being filled by people like me who have email open all day and are generally working in front of the computer. I don't get them all because I'm not here all the time, but I've had 3 today (2x B2 and 1xB1). Some days I miss them all if I'm out at meetings. I have a phone alert set, too, but oftentimes that's too late for a B2 because it seems delayed vs my browser-based email.

You need to be in within 10-20 seconds on a B2 because they usually go within 30-60 seconds.

Also, there are some heavy hitters investing here, putting in four figures at a time.