aju
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Post by aju on Feb 17, 2019 18:33:16 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. I did think that but its not really obvious from the numbers one gets, sometimes when I look at my rate set queue it can look like I'm not quite last, I guess as I just am moving stuff when others are at the sametime. I have my relends set at 6.4/6.5 just to collect them if they make it. Not really left them there long enough though as I tend to come in occasionally to see whats happening and then look at the numbers on the queue and my current positions in the relend queues and move them around accordingly. At present I have Mrs Aju building funds in RS by running down our non ISA's in Zopa and moving all into Mrs Aju RS. I've been dripping it in daily but am thinking the best rates seem to be at the weekend so I'm going to take it out of Zopa daily (it takes 3 days from zopa to his our bank) and then push it into RS and look at the rates on a friday and see what I want to select. So set my initial a couple of points higher than I am happy with and watch the queues for a day or say and if it looks like my initials were wrong i'll adjust. Last 3 weeks I've judged it about right both rates wise and timing wise so I'm getting there, I think!.
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Post by df on Feb 17, 2019 18:45:02 GMT
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. I can see "alarm" logic, but I can't recall rates going above 7% in my 2.5 years with RS. The highest I ever managed to get was 6.7% in Oct last year. I'm not very much on the ball (watching RS occasionally), so may be on some days the rate could've reached slightly above 7%, but anything above 8% is not worth "an alarm". Just looking at it now - 306 orders @10%... Wouldn't it be more efficient to put funds in Marcus or similar @1.5% with FSCS protection?
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aju
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Post by aju on Feb 17, 2019 19:15:36 GMT
According to stats the 1st few months of RS in 2012 had rate above 7.0% but not much since as far as i can tell. That said the stats of the RS data hub do not reflect the highest rates obtained just the daily averages I think.
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smezz
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Post by smezz on Feb 18, 2019 11:12:45 GMT
I can't answer your detailed questions but the best rates are usually Sunday for obvious reasons (barring bank hols).
Occasionally the Monday 'catch up' run is late starting and/or slow so new Monday borrowers force the rate up higher, then the catch up lending money comes in and rates can go way down by the afternoon/evening.
I got my 6.9% on Oct 17th to 21st.
Hope that helps. As I commented earlier in the thread, I got a small amount of 6.9% in Oct.
I have had 7% at other times but they repaid within days.
I managed to 'pile in' at mostly 6.8% around the above dates and have been unwinding ever since apart from a few small reinvestments for SMEZZ jr.
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smezz
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Post by smezz on Feb 18, 2019 11:32:49 GMT
repayments very slow today (none for me so far).
expecting £50 repayments today so deposited new £50 and put on 6.4% queue with just 14k in front of it.
will withdraw £50 when repayments finally arrive by which time I expect rates to be significantly lower.
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coogaruk
Hello everyone! Anyone remember me?
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Post by coogaruk on Feb 18, 2019 12:06:35 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.
Cancelled my 5.6 One Year order this morning and placed it in Five Year @ 6.4, Confident it will match today. (Famous last words?)
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Post by gravitykillz on Feb 18, 2019 12:16:27 GMT
6.5 is available at lending works. And 10-15% at welendus. Both have provision funds
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smezz
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Post by smezz on Feb 18, 2019 16:01:52 GMT
got my 6.4%.
all repayments bar 1 still outstanding.
rate at 6.4% could go higher if problems not resolved. only 730k in lending.
70k on borrow queue.
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coogaruk
Hello everyone! Anyone remember me?
Posts: 702
Likes: 463
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Post by coogaruk on Feb 18, 2019 17:47:33 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.
Cancelled my 5.6 One Year order this morning and placed it in Five Year @ 6.4, Confident it will match today. (Famous last words?) My 6.4 matched within a couple of hours. So I just revisited and chucked in today's repayments (which hadn't arrived when I logged in this morning) for an instant match at the same rate.
Like I said, it pays not to be too greedy, especially when rates are above preferred minimums.
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smezz
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Post by smezz on Feb 18, 2019 18:20:29 GMT
5 year lending total down to £605k
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smezz
Posts: 180
Likes: 73
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Post by smezz on Feb 18, 2019 19:17:42 GMT
decided to chuck my repayments in at 6.4 as well as the £50 cash added earlier.
put £10 in at 6.5 (as a marker) rest at 6.4.
both immediately showed up as matched even though 200+k on 6.5 queue.
thought I must have put them both in at 6.4 by mistake but when the dust settled I had £10 at 6.5!!
might try this again to see if it's a 'feature'.
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Post by gravitykillz on Feb 18, 2019 20:31:07 GMT
You will not be able to withdraw any investment under £10 in value. You will have too keep it for 5 years
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smezz
Posts: 180
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Post by smezz on Feb 19, 2019 7:04:37 GMT
at 6.5% I'm happy with that.
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ashtondav
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Post by ashtondav on Feb 19, 2019 8:35:28 GMT
Just had a tasty wedge hoovered up at 6.5%. Unfortunately in just 2 months the dumb money will flood in in isas and we’ll be back to 4.5% until June.
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spiral
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Post by spiral on Feb 19, 2019 8:39:08 GMT
6.1% is the highest rate I have which has been paying for over 6 months, what is the highest rate anyone has that is over 6 months old and still paying? I have some 6.8's and 6.9's from March, May and June of 2015 Some have less than 6 months remaining so look as though they may run to term.
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