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Post by bikeman on Feb 17, 2018 19:18:12 GMT
Have things changed at Ratesetter?
I set my rolling rate at 3.7% (example) and ended up with unmatched funds.
So I change my rolling reinvestment rate to 3.5% but this only seems to apply to lent funds and these unmatched funds seem to stay at 3.7%.
Now I'm pretty sure that I could previously also change the rate for these unmatched funds but now it seems RS will only let me change the rate for unmatched funds to the current rolling market rate and not to any rate I choose.
I don't want my unmatched funds to languish at an unrealistic high rate but neither do I want to fall right down to the current market rate. What is going on?
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Post by yorkman on Feb 18, 2018 9:50:54 GMT
When looking at your unmatched funds there are two options ' Change' and 'cancel'. Change gives you up and down arrows to adjust your rate, cancel puts funds back into holding from where you can invest at any rate you like 'as an expert investor'. All still works as it always has done.
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sl75
Posts: 2,092 
Likes: 1,245
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Post by sl75 on Feb 20, 2018 7:57:12 GMT
When looking at your unmatched funds there are two options ' Change' and 'cancel'. Change gives you up and down arrows to adjust your rate, cancel puts funds back into holding from where you can invest at any rate you like 'as an expert investor'. All still works as it always has done. There are multiple 'Change' links that look similar in different places, but which have different behaviour. The one the OP was presumably using (and the one which I would normally try) changes the rate on all orders, and does NOT give you any arrows, instead you're only allowed to choose from the last matched rate, lender queue rate or the best borrower rate (when applicable). That behaviour has been around for many months or possibly a few years (I don't recall exactly when it changed), and causes much annoyance, which I think is exactly what the OP was complaining about. The other 'Change' link (which is presumably the one you go to by default) is the one to change an individual order. This does indeed drop you into the screen where you can change the rate using the arrows, but only changes one order at a time, so you don't get the benefit of consolidating all the unmatched orders into one. The only way I'm aware of to consolidate all orders at one rate into another at a different rate is to manually cancel them all, and then manually create a brand new offer. It seems to have been an intentional decision by RateSetter to prevent users from easily changing all their orders to another rate of their choosing, but one can only speculate on why.
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Post by yorkman on Feb 20, 2018 8:59:43 GMT
When looking at your unmatched funds there are two options ' Change' and 'cancel'. Change gives you up and down arrows to adjust your rate, cancel puts funds back into holding from where you can invest at any rate you like 'as an expert investor'. All still works as it always has done. There are multiple 'Change' links that look similar in different places, but which have different behaviour. The one the OP was presumably using (and the one which I would normally try) changes the rate on all orders, and does NOT give you any arrows, instead you're only allowed to choose from the last matched rate, lender queue rate or the best borrower rate (when applicable). That behaviour has been around for many months or possibly a few years (I don't recall exactly when it changed), and causes much annoyance, which I think is exactly what the OP was complaining about. The other 'Change' link (which is presumably the one you go to by default) is the one to change an individual order. This does indeed drop you into the screen where you can change the rate using the arrows, but only changes one order at a time, so you don't get the benefit of consolidating all the unmatched orders into one. The only way I'm aware of to consolidate all orders at one rate into another at a different rate is to manually cancel them all, and then manually create a brand new offer. It seems to have been an intentional decision by RateSetter to prevent users from easily changing all their orders to another rate of their choosing, but one can only speculate on why. "The one the OP was presumably using (and the one which I would normally try) changes the rate on all orders" - I think you may be looking at "Instructions - Reinvesment" which changes your defaults for FUTURE investments not current one that are in the queue. If I'm wrong please advise what menu options you are looking at.
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sl75
Posts: 2,092
Likes: 1,245
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Post by sl75 on Feb 20, 2018 9:44:34 GMT
"The one the OP was presumably using (and the one which I would normally try) changes the rate on all orders" - I think you may be looking at "Instructions - Reinvesment" which changes your defaults for FUTURE investments not current one that are in the queue. If I'm wrong please advise what menu options you are looking at. There are various places - for example: - on main summary screen, open up "your money" section at the bottom, and click on "Change" link next to "Of which £... is unmatched". - on left panel, under "your portfolio", there are individual pages for each market. After opening one up, within the "Summary" section there's a line showing the total unmatched, with a "Change" link next to it. These do not allow a rate to be set directly, and RateSetter seem to have designed it this way on purpose. Conversely, the "change" links you were originally referring to can be found on the same page as the latter by opening up the (initially collapsed) "Unmatched" section near the bottom of that page.
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