jlend
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Post by jlend on Feb 16, 2019 7:12:54 GMT
Why is this? Scarcity of lenders fearful of Brexit consequences for the economy? Or a high level of borrower demand 85.8m in January. 16% up on December, 33% up on January last year
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smezz
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Post by smezz on Feb 16, 2019 7:47:20 GMT
Aiming for a small bit of 6.4% for SMEZZ jnr.
£444k total in front of me with £236k of that in 6.4% queue.
Expect a fair bit of new 6.3 money to come in over w/e.
Will withdraw on Mon a.m. if unsuccessful - might hang on if decent progress in band..
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smezz
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Post by smezz on Feb 16, 2019 16:49:29 GMT
6.4% being nibbled away at now.
£168k in front of me now.
£60k on borrowing queue.
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aju
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Post by aju on Feb 16, 2019 17:41:05 GMT
6.4% being nibbled away at now.
£168k in front of me now.
£60k on borrowing queue.
You are just behind me 164k in front of me at moment only 25.9k on queue tho at @17:40 uk time mind you you could be in front of me as 54 mins since you stated.
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smezz
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Post by smezz on Feb 17, 2019 8:58:03 GMT
got to within £86k (all on 6.4 queue).
should make it today or tomorrow.
~ £150k moved from 6.4 queue yesterday.
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aju
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Post by aju on Feb 17, 2019 10:54:10 GMT
I'm sitting @ 108.7k on the 6.4 so I guess I am just a bit above you. Trouble is whilst I am looking at 108k below me at present. RS may push quite a bit more into the queue. At present the last hit 6.2% @ 10:46 but I agree with you it is hovering so as you say it may seep in today or tomorrow. That said if it doesn't hit today I expect to see a lowering of the market rates tomorrow.
I have my fingers crossed though.
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coogaruk
Hello everyone! Anyone remember me?
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Post by coogaruk on Feb 17, 2019 12:08:30 GMT
I managed to get a match at 6.3 in the 5 year yesterday. Money I'd moved from the 1 year queued at 5.7, leaving an equal amount in at 5.6 as a kind of hedge which didn't/still hasn't matched. No idea where I am in the queue as I don't normally bother checking during the weekend. It pays not to be too greedy.
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smezz
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Post by smezz on Feb 17, 2019 12:27:48 GMT
processing on monday mornings can be slow so we might have until 10:00 / 11:00 to get a match.
at 57.6k now.
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aju
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Post by aju on Feb 17, 2019 12:31:02 GMT
@12:30 looks like it may well hit mine today after all. Now only 63k in front of me now. And last 5y lend was @ 6.4% at 12:21 still quite a while to go today.
....
Edit: @13:08 just 21k left in front!
Edit: @14:38 Result it went out @ 6.4% with almost 250k in 28 orders still to be resolved!.
Oh well thats my RS lot for the week so far. It seem sat and sundays are best days still.
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smezz
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Post by smezz on Feb 17, 2019 14:40:25 GMT
me too. just checked it.
don't think 6.5 is going to move, but just a possibility.
It's always satisfying to think you got the best rate possible with minimum delay.
£895k remaining on lend queue.
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aju
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Post by aju on Feb 17, 2019 15:22:54 GMT
Would I be right in thinking that everyone who has set much higher numbers on there are just playing the game like we are. I notice on the 5Y queue there is 1 order set @90% surely that is never going to be hit so they either have set a wrong value, finger/keyboard trouble, or they are just being certain it won't get lent until they have built up some headroom of investment.
Also wondering is it better to put it in the queue and then move it later or is it better to just move to holding and then invest it. I'm guessing there may be a nuance of queue positions perhaps or does a change that moves from say 6.5% to 6.4% or lower just feed back into the lilo of a given rate.
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Post by Ace on Feb 17, 2019 16:22:56 GMT
Would I be right in thinking that everyone who has set much higher numbers on there are just playing the game like we are. I notice on the 5Y queue there is 1 order set @90% surely that is never going to be hit so they either have set a wrong value, finger/keyboard trouble, or they are just being certain it won't get lent until they have built up some headroom of investment. Also wondering is it better to put it in the queue and then move it later or is it better to just move to holding and then invest it. I'm guessing there may be a nuance of queue positions perhaps or does a change that moves from say 6.5% to 6.4% or lower just feed back into the lilo of a given rate. Any move puts you at the back of the queue for the new rate.
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Post by df on Feb 17, 2019 17:11:06 GMT
Would I be right in thinking that everyone who has set much higher numbers on there are just playing the game like we are. I notice on the 5Y queue there is 1 order set @90% surely that is never going to be hit so they either have set a wrong value, finger/keyboard trouble, or they are just being certain it won't get lent until they have built up some headroom of investment. Also wondering is it better to put it in the queue and then move it later or is it better to just move to holding and then invest it. I'm guessing there may be a nuance of queue positions perhaps or does a change that moves from say 6.5% to 6.4% or lower just feed back into the lilo of a given rate. I was always curious why people do this. Never mind that wild 90%, there are loads of orders at 7%-10%. It is unrealistic to lend at these rates, so basically they keep idle money on RS.
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Post by carrdelling on Feb 17, 2019 18:02:51 GMT
Would I be right in thinking that everyone who has set much higher numbers on there are just playing the game like we are. I notice on the 5Y queue there is 1 order set @90% surely that is never going to be hit so they either have set a wrong value, finger/keyboard trouble, or they are just being certain it won't get lent until they have built up some headroom of investment. Also wondering is it better to put it in the queue and then move it later or is it better to just move to holding and then invest it. I'm guessing there may be a nuance of queue positions perhaps or does a change that moves from say 6.5% to 6.4% or lower just feed back into the lilo of a given rate. I was always curious why people do this. Never mind that wild 90%, there are loads of orders at 7%-10%. It is unrealistic to lend at these rates, so basically they keep idle money on RS. I can understand the 7%s-8%s. The rates have reached that in the past, and having a very small amount there guarantees that you'll be notified when that happens (so some users may be using that as an "alarm" for unrealistic rates available). That being said, personally I wouldn't do it, but I can see the reasoning - but of course, waiting for a 10% or more (which will be early-paid anyway if a loan is eventually created at that rate) seems a bit surprising to me as well.
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star dust
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Post by star dust on Feb 17, 2019 18:13:03 GMT
Would I be right in thinking that everyone who has set much higher numbers on there are just playing the game like we are. I notice on the 5Y queue there is 1 order set @90% surely that is never going to be hit so they either have set a wrong value, finger/keyboard trouble, or they are just being certain it won't get lent until they have built up some headroom of investment. Also wondering is it better to put it in the queue and then move it later or is it better to just move to holding and then invest it. I'm guessing there may be a nuance of queue positions perhaps or does a change that moves from say 6.5% to 6.4% or lower just feed back into the lilo of a given rate. I was always curious why people do this. Never mind that wild 90%, there are loads of orders at 7%-10%. It is unrealistic to lend at these rates, so basically they keep idle money on RS. Once upon a very long time ago a CEO of a rival P2P platform allegedly placed some funds at 100% (can't actually remember which market), and once a very long time ago the lenders Q was totally cleared of all funds - I got a very short-lived loan at 70% (not being greedy enough). The CEO allegedly had a marker up there just to see whether RS would ever run out of lender's funds, which they did temporarily. All reversed the following morning, and never happened again as far as I am aware. The phenomena was reported on the Zopa forum iirc.
When I first started lending on RS (admittedly many moons ago) 7/8% was not unheard of maybe someone once got 10% and has been living in hope ever since.
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