lara
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Post by lara on Jul 10, 2018 17:33:33 GMT
Is anyone here still invested in the rolling market? For that matter is anyone still invested in RS at all? Just curious!
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r00lish67
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Post by r00lish67 on Jul 10, 2018 17:43:33 GMT
Is anyone here still invested in the rolling market? For that matter is anyone still invested in RS at all? Just curious! Far too many unfortunately. I'd like to see 5 year rates back at 6%+ so I can invest properly again.
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jcb208
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Post by jcb208 on Jul 10, 2018 17:55:25 GMT
I am, just moved as much as I can of my FS ISA to Ratesetter, Only managing 5.3% on the 5 year market at present , at one stage my portfolio was averaging 6.3%
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Post by closetotheedge on Jul 11, 2018 6:40:11 GMT
The best investments are those where you get your capital back intact. Looking just at the rates is not always a wise way to make an investment decision.
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lara
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Post by lara on Jul 11, 2018 6:58:41 GMT
The best investments are those where you get your capital back intact. Looking just at the rates is not always a wise way to make an investment decision. This is of course true but in RateSetters case, all else being equal, the risk is the same whether you are receiving 5% or 6%. It's the increased incentive that can be the deciding factor as to whether the investment is worth the risk in the first place.
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jsmill
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Post by jsmill on Jul 11, 2018 8:30:23 GMT
I am out of the standard accounts and have a nominal amount left in the ISA in case things improve in the future. Former standard account money has been split across platforms but with a decent whack in GrowthStreet and on the ISA side transferred to LendingWorks.
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coogaruk
Hello everyone! Anyone remember me?
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Post by coogaruk on Jul 11, 2018 14:05:49 GMT
My 14-day ban for being a naughty boy seems to have ended today but I'm in no rush to go back in. Starving the RM of cash might be a way of improving rates / persuading RS to have a change of heart.
The Rolling Market no longer serves much of a purpose for me in that before the changes I had money regularly 'maturing' at which point I could decide whether to reinvest or invest in one of the other markets depending on how rates were behaving. Now the only way I can do that is by cashing out of the RM, potentially losing the more favourable rates there *and* serving a 14-day ban each time in any case. Totally useless!
I have dabbled back in to the 5 year market at an average rate of 5.2% but that's lower than I really feel comfortable with and also don't want to start tying up money for a further 5 years (prior to the RM changes I had been running down my 3/5 year Everyday account lending and putting it into the RM in my newly-opened (at the time, wish I hadn't bothered now) RS IFISA.
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benaj
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Post by benaj on Jul 11, 2018 14:37:31 GMT
Technically, I haven't jumped ship yet. I have been RS for a long time but average amount invested over time on this platform is tiny. I have setup DD with RS, that's about it. Even the rolling rate is better than most 'average' current accounts on the high street.
My main money on RS is on the 5 year market. I made mistakes in the past, most of my loan parts are less than £10 and now cannot be sold. :-(
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lara
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Post by lara on Jul 11, 2018 16:33:45 GMT
Technically, I haven't jumped ship yet. I have been RS for a long time but average amount invested over time on this platform is tiny. I have setup DD with RS, that's about it. Even the rolling rate is better than most 'average' current accounts on the high street. My main money on RS is on the 5 year market. I made mistakes in the past, most of my loan parts are less than £10 and now cannot be sold. :-( I am probably going to keep my DD too because it serves a purpose and it's only for the minimum amount. I absolutely see your point about it being a better rate than you can get on the high street and I am keen never to cut my nose off to spite my face but I just can't, on principle, accept those new terms which I didn't sign up for, or those rates in return for no guarantee.
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lara
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Post by lara on Jul 11, 2018 16:36:09 GMT
The Rolling Market no longer serves much of a purpose for me in that before the changes I had money regularly 'maturing' at which point I could decide whether to reinvest or invest in one of the other markets depending on how rates were behaving. Now the only way I can do that is by cashing out of the RM, potentially losing the more favourable rates there *and* serving a 14-day ban each time in any case. Totally useless!
When you see it written down like that, it absolutely amazes me that they thought any of us were going to go for it! I suppose they are counting on the investors who don't actively manage their accounts to stick with them but even they will cotton on eventually I would imagine!
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mary
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Post by mary on Jul 12, 2018 19:50:31 GMT
No, but I have been running down as the rates tanked since ISA and changes, however they are now creeping back up - latest 3%, 4.9%, 5.5%.
Perhaps the hot money has run and it may be worth a nibble soon.
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lara
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Post by lara on Jul 12, 2018 20:00:15 GMT
No, but I have been running down as the rates tanked since ISA and changes, however they are now creeping back up - latest 3%, 4.9%, 5.5%.
Perhaps the hot money has run and it may be worth a nibble soon. If it was just the lower rates I probably would have ridden it out for a while longer in anticipation of them bouncing back, but it's the forceable re-investment at whatever the market rate happens to be that I just can't stomach. And I don't even know what to say about the 14 day ban!
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Jul 12, 2018 20:07:12 GMT
I've said it on here before, look at OZ RateSetter. [ EDIT - Yes, yes, I know, Currency Exchange Risk and all that jazz. Yawnnnnnnnn. ]
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lara
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Post by lara on Jul 12, 2018 20:23:22 GMT
I've said it on here before, look at OZ RateSetter. [ EDIT - Yes, yes, I know, Currency Exchange Risk and all that jazz. Yawnnnnnnnn. ] Thanks, I found your thread about it too. p2pindependentforum.com/thread/9362/australia-ratesetterI've just started with AC QAA/30DAA though, which seem a lot less trouble!
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TheDriver
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Slightly bonkers
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Post by TheDriver on Jul 12, 2018 21:24:24 GMT
In answer to the topic title NO, and I'm not intending to!
Whilst I was unhappy with the way the changes were (not) publicised, and the misleading way they were implemented, they have improved my overall Rolling market return by removing cash drag between contracts, and locking me in to higher-paying contracts. I have so far "managed out" all my repayment reinvestments without penalty, although am currently serving my second investment ban after selling out low-rate contracts bought during trials. That doesn't matter because I'll take the opportunity to put those funds into the one and/or five year schemes!
Oh, just noticed a chunk gone into 1 year at 4.9% - much better than 3+% on Rolling if leaving for more than 2 months!
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