spiral
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Post by spiral on Feb 5, 2019 17:30:17 GMT
I suspect that once this has gone through several iterations (maybe 6 months to a year down the line) MR will remain pretty static from day to day.
This doesn't mean that spikes won't occur regularly/daily, they'll just have little to no effect on MR.
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Post by bricktop on Feb 5, 2019 20:58:41 GMT
The arrogance on this board never ceases to astound me. "Dumb money" and "smart money" shows the intellect of posters. Its active and passive! Anyone posting dumb or smart needs to consider their investment options as I suspect you're not as smart as you think you are.
RS is an investment opportunity for all people not restricted by status, free time or wealth. As a result you will get active and passive investors which is what this product seems to have been built for. It seems many of you don't like that for some reason. Guess this board is a bit short in diversity - much like the RS loan book... but that's a different issue.
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Post by df on Feb 5, 2019 21:10:10 GMT
my RS strategy is very simple. i put money on at between 6.1% & 6.5%. at the end of each month if its not gone it is withdrawn and goes on LW. i will accept lower rates on RS because of platform credibility - but not too low!
I don't see how this change affects us who choose to set their lending rates.
If understand the change correctly, it will be disappointing for those who spend time on maintenance (catching the highest possible rates), but more attractive for those who prefer to set it at MR and forget about it until they need cash. Won't make much difference to me. I have a very small amount in Rolling, monthly DD to satisfy one of my bank accounts and these instalments get invested at MR. Rates range from 2.6% to 4.3%, but my average is 4% atm. Occasionally I withdraw some funds to reinvest when 5-year rates are looking good. I'm not too bothered about having control over my rates in Rolling, most of my chunks are so small that 0.2% increase doesn't affect my return. I'm not in 1-year. Majority of my RS funds are in 5-year at 6.3% average. My settings are sending all returns to Holding account, if the rates are too low I withdraw and place funds elsewhere. It will be LW if/when the queue goes down. Think I'd prefer more stable/less hectic rates on RS.
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jeremy12
Member of DD Central
Everything's frozen
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Post by jeremy12 on Feb 6, 2019 14:17:47 GMT
For me the attractive feature of investing with RateSetter has been spiky peaks where I am able to place money in the market at higher rates than the market average. This new change is just another levelling down exercise by Ratesetter to gain them more profits from the platform. I'm sure they are cooking up another levelling down trick for next year.
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Post by GSV3MIaC on Feb 6, 2019 15:04:01 GMT
The next stage is surely a zopa-esque "we set the rate". Possibly based on 'this was the average rate for the last year, and now you can all have it with no manual effort'. Whether you call it 'dumb money' or 'passive money' matters not, it is the sort of money the platforms would prefer.
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Post by fiatlender on Mar 14, 2019 0:10:44 GMT
Market rates seem to have almost flat-lined, with rolling @ 3.2% for the last 8 days.
I guess the new 28 day average is in play now, what does everyone think?
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aju
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Post by aju on Mar 14, 2019 13:48:45 GMT
Market rates seem to have almost flat-lined, with rolling @ 3.2% for the last 8 days.
I guess the new 28 day average is in play now, what does everyone think?
I thought it was not in place until the 20th ... 5yr does seem to be stuck at 6.1 since 7/3. Mind you I've been getting better rates than that for a while especially on a sunday evening and monday sometimes too
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smezz
Posts: 180
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Post by smezz on Mar 15, 2019 14:40:24 GMT
I don't see this affecting our rates on the 5 year market at all.
RS will get the MR money at a lower average rate and make more profit (less loss!).
The peak rates depend on supply/demand and how slow they are to do their Monday runs.
If these stay the same so should the peak rates.
Monday runs seem to be getting slower so peak rates could increase.
I'm in for 6.5 (20%) / 6.6 (40%) & 6.7 (40%) this w/e.
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Post by gravitykillz on Mar 15, 2019 20:50:34 GMT
I managed to get 4.2% on rolling last night. Its not that bad.
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benaj
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Post by benaj on Mar 15, 2019 22:37:15 GMT
And then somone else had 2.9% matched in 1 year market earlier tonight.
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Post by df on Mar 15, 2019 23:07:40 GMT
And then somone else had 2.9% matched in 1 year market earlier tonight. What a success! This is how my journey with RS started. I looked at advertised rate (was something like 3.9% for 1 year), deposited cash and clicked on market rate. Got 1k invested @2.8%. Luckily it was repaid early...
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smezz
Posts: 180
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Post by smezz on Mar 16, 2019 20:11:39 GMT
I don't see this affecting our rates on the 5 year market at all.
RS will get the MR money at a lower average rate and make more profit (less loss!).
The peak rates depend on supply/demand and how slow they are to do their Monday runs.
If these stay the same so should the peak rates.
Monday runs seem to be getting slower so peak rates could increase.
I'm in for 6.5 (20%) / 6.6 (40%) & 6.7 (40%) this w/e.
6.5
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ashtondav
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Post by ashtondav on Mar 17, 2019 10:37:26 GMT
Yep, my big wedge hoovered up at 6.5%. Saves me transferring to Lending Works.
I am though expecting an avalanche of “dumb money” with the ISA season that will depress rates for a month or so....
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aju
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Post by aju on Mar 17, 2019 14:19:49 GMT
Mrs Aju's 6.6% went a little while ago ...
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smezz
Posts: 180
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Post by smezz on Mar 17, 2019 14:29:17 GMT
6.6 me too!
my 6.7 is just 61k away
Edit: got to within 19.9k before some 'silly' money came in. Some of these will no doubt be excited to get 6.2% but they could have had 6.5 /6.6 easily.
Here's hoping the Monday run doesn't start until 7:00 pm !!!
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