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Post by p2plender on Aug 3, 2014 16:37:50 GMT
Is this that institutional cash that has recently been raised via the stock market listing I wonder.
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Post by davee39 on Aug 3, 2014 19:24:46 GMT
Not sure what you are referring to. I saw £1.1m in 5 year last week but now lower.
End of month salary payments.
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Post by oldatheist on Aug 3, 2014 19:39:29 GMT
Most of the money seems to be in small (sub £1k) chunks so I would say no.
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Post by p2plender on Aug 3, 2014 19:43:42 GMT
Just that many weekends prior to this has seen a 'drying' up of funds in the 5 year. Last I looked there was over 400k at 6.2. Granted it seems to be split over lots of orders though there's nothing stopping a big chunk being split up of course.
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spiral
Member of DD Central
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Post by spiral on Aug 4, 2014 9:07:41 GMT
I put it down to the beginning of month and now with free debit card transfers, this is the money that would usually arrive on the Tues. so it will be interesting to see if tomorrow looks more like a usual day.
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Post by rarrar on Aug 4, 2014 17:24:33 GMT
The 1 year rate has been suddenly depressed by a largish deposit @ 3.1% .
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c88dnf
Member of DD Central
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Post by c88dnf on Aug 4, 2014 20:14:06 GMT
Is this that institutional cash that has recently been raised via the stock market listing I wonder. Possible I suppose, but my guess is that it's the usual "beginning of month effect". People seem to have more money at the start of the month, so invest then. Interest payments also tend to cluster either side of month end. Judging by comments on Zopa's customer forum, there's a steady flow from Zopa to RS too which will also cluster around month end for the same interest-driven reasons. The really interesting thing to my mind is that the 5 year market seems to have absorbed the tidal wave rather well, with interest rates staying above 6% (at least as I write). Hopefully rates will creep up as usual during the month. Another 6.7% peak would be very nice!
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Post by p2plender on Aug 8, 2014 6:45:56 GMT
A did say.....
It's getting bigger this wall as well.
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Post by davee39 on Aug 8, 2014 7:40:20 GMT
Sorry folks, I have gone for 5.9% to get my £10.09 repayment loaned out ahead of the pack.
With the recent lending highs I am sure this cash will be absorbed over the next few weeks - come on RS time to break the £7m barrier.
Reading the Zopa forum, I now suspect some of the cash is coming from over there, repayments are concentrated at the first of the month. With Zopa offering a fixed 5.2% I think the differential with RS at up to 6.4 was too much even for the diehards, although there remains a loyal stubborn few who cannot see the future.
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Post by geoffrey on Aug 8, 2014 10:53:22 GMT
I agree. I'm a former Zopa-ite (as I'm sure many are here), and have recycled all my Zopa repayments into RS as rates have risen here. However, if rates here fall below 6% (four/five-year), then I'll up my Assetz lending instead plus buying stocks on major pullbacks. Some blue-chips yield > 5.5% before tax plus if you buy on pullbacks you have the possibility of capital appreciation which you don't have with P2P. It's important to keep diversified across these different asset classes.
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c88dnf
Member of DD Central
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Post by c88dnf on Aug 8, 2014 12:32:33 GMT
Sorry folks, I have gone for 5.9% to get my £10.09 repayment loaned out ahead of the pack. With the recent lending highs I am sure this cash will be absorbed over the next few weeks - come on RS time to break the £7m barrier. Reading the Zopa forum, I now suspect some of the cash is coming from over there, repayments are concentrated at the first of the month. With Zopa offering a fixed 5.2% I think the differential with RS at up to 6.4 was too much even for the diehards, although there remains a loyal stubborn few who cannot see the future. I'm still getting 6.0%, but the "wall of cash" is certainly more than I'd expected. The interesting thing about Zopa's 5.2% is that it isn't really fixed: it's a minimum. As my mother has discovered this week investing on both RS and Zopa, the actual rate you get on Zopa can be seriously higher. I'll document more in the comparison thread I started earlier this week when this evening's Zopa disbursements are in. I haven't invested in Zopa since Safeguard was introduced for all the reasons documented on this forum, but this week has set me wondering....
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Post by GSV3MIaC on Aug 8, 2014 13:34:17 GMT
I wonder how much of the effect is due to the BBB contribution, although I assume that isn't listed in the marketplace stats?
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Post by johnny on Aug 8, 2014 16:17:05 GMT
I started investing in RS 5y about a year ago at a rate of 5.3 so I was delighted when I was achieving 6.8 last month. I am living off the monthly interest which has allowed early retirement so I am between a rock and a hard place. I would like RS to grow and establish itself as I believe rightly or wrongly size if managed correctly has security and security can limit risk. So if RS is to grow it has to attract borrowers and lenders, which obviously has an effect on the MR. So to sum it up I would like RS to grow but I would prefer that its a secret, I would like the highest rates whilst maintaining liquidity, just, and I want it risk free, so a big ask . I have been lurking around the Forums for some time and would like to thank the members for their informative posts, I now feel confident enough to post myself.
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Aug 8, 2014 16:47:13 GMT
I have been lurking around the Forums for some time and would like to thank the members for their informative posts, I now feel confident enough to post myself. It's a busy place that lurkosphere; I'm sure you'll be treated well now that you've come out of hiding
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Post by elljay on Aug 9, 2014 8:07:44 GMT
I have been lurking around the Forums for some time and would like to thank the members for their informative posts, I now feel confident enough to post myself. It's a busy place that lurkosphere; I'm sure you'll be treated well now that you've come out of hiding Indeed - welcome. Help yourself to tea and biscuits.
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