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15-12-2018, 11:31 AM
#991
Member
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15-12-2018, 02:03 PM
#992
Originally Posted by joker
Hey Sammee, I don't expect you'll answer this as the trouble with answering is you either get yourself into trouble or everyone copies you and you miss out on the loans altogether but what I would be keen to know (that's not top secret info) is how much per loan you invest and how many days overdue do your loans have to be before you class them as arrears?
@joker >>
No I do not!
I used to use pennypickers - but as you know that all stopped 6 something months ago.
I am retired so instant access to a Laptop or Mobile is always present.
You should see me driving when an Email alert goes off > Pull over and login on Mobile....
Sometimes I get in to a loan and sometimes I miss out!
However have managed to stay Fully invested with all Funds @ LC
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15-12-2018, 02:06 PM
#993
@soolaimon
Good to hear from you and view you wrap too.
We all utilize different strategies for our P2P trading > None of them right or wrong > just right for each of us individually.
What is apparent is that we have to be ready to constantly change our preferred strategy often!
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17-12-2018, 09:26 PM
#994
Junior Member
I'm surprised there have been no comments here about either the LC referral loans with increased flex fee; or the sudden increase in loan availability over last few days. Increased flow good for us?
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17-12-2018, 11:26 PM
#995
Member
While reading the email from LC today I realized that LC themselves also invest in the loans published on the LC website. So the reason why it's almost impossible to invest in smaller loans it's probably because LC probably fill 90% of the loan before it's made available to retail investors.
So LC's parent company, Finance Direct, is looking to raise capital from LC investors at 6.75% per anum and then Finance Direct will use that money to invest in LC loans at 10-12%. It's a smart business model.
Last edited by icyfire; 17-12-2018 at 11:27 PM.
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17-12-2018, 11:58 PM
#996
Junior Member
@icyfire - do you think the reason why a few loans are available these last few days is because LC parent has run out of investment funds (hence the email funds raise)? There was a similar moment on Harmoney a few months ago where retail was flooded with loans for a day or two. the cynic in me decided that they either had flicked the wrong switch directing towards retail first not wholesale first; or they were just reminding wholesale what they could miss out on probably in preparation for negotiations of wholesale terms. .......yes, call me a cynic.
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18-12-2018, 08:23 AM
#997
Member
Originally Posted by icyfire
While reading the email from LC today I realized that LC themselves also invest in the loans published on the LC website. So the reason why it's almost impossible to invest in smaller loans it's probably because LC probably fill 90% of the loan before it's made available to retail investors.
So LC's parent company, Finance Direct, is looking to raise capital from LC investors at 6.75% per anum and then Finance Direct will use that money to invest in LC loans at 10-12%. It's a smart business model.
That would be one explanation why banning auto trading made no difference. Do we have any comfort that they don't cherry pick? I can't see the merit in lending to FD when you can lend directly to borrowers and take out a layer of risk.
Last edited by RMJH; 18-12-2018 at 08:24 AM.
Reason: typo
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18-12-2018, 12:29 PM
#998
Originally Posted by icyfire
While reading the email from LC today I realized that LC themselves also invest in the loans published on the LC website. So the reason why it's almost impossible to invest in smaller loans it's probably because LC probably fill 90% of the loan before it's made available to retail investors.
So LC's parent company, Finance Direct, is looking to raise capital from LC investors at 6.75% per anum and then Finance Direct will use that money to invest in LC loans at 10-12%. It's a smart business model.
My understanding is that LC ONLY buy up the loans that "Us Investors' do not purchase within the time limit.
This is from speaking directly to Wayne.
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18-12-2018, 12:36 PM
#999
Originally Posted by RMJH
That would be one explanation why banning auto trading made no difference. Do we have any comfort that they don't cherry pick? I can't see the merit in lending to FD when you can lend directly to borrowers and take out a layer of risk.
I believe that banning auto trading made NO difference is for two main reasons:
> Growth in LC's base P2P number of new Lenders ( created more demand )
> P2P Lenders such as myself still are 'Online All Day" and so take portions in each desirable loan
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18-12-2018, 04:58 PM
#1000
Member
Originally Posted by Saamee
My understanding is that LC ONLY buy up the loans that "Us Investors' do not purchase within the time limit.
I work on the computer all day long and always log in as soon as I get the email notification from LC and sill miss out. It's pretty clear to me now that Finance Direct (FC) is given priority to invest in all LC loans and that explains it why it's so difficult to invest in most loans even though one lives on the computer. This is explained in FC's "Special Investment Opportunity" which I will not be investing in.
FC is a wholesale investor on the LC platform and it's the main reason why LC put an end to third-party auto trading.
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