sd2
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Post by sd2 on Feb 15, 2019 12:03:12 GMT
Think I have got enough in ratesetter. Although I think it has a reasonable risk reward ratio (I hope!).I have £6000 which is high enough for me but the "buy it now rates" are so variable that it is just to tempting specially on the 1 year market. Just got £300 in at 5.6%. This will end soon ie it won't bounce about so much. I will just have to stop watching it!.
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sd2
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Post by sd2 on Feb 15, 2019 12:44:44 GMT
Did it again £300 but got my comeuppance changed in the minute it took me to get it in via debit card to 4.9% I know now why I keep putting money in .....greed.
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ashtondav
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Post by ashtondav on Feb 15, 2019 13:16:51 GMT
Err, why are you using “buy it now rate”?
Why don’t you set your rate at 5.6%?
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sd2
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Post by sd2 on Feb 15, 2019 13:30:46 GMT
Err, why are you using “buy it now rate”? Why don’t you set your rate at 5.6%? Just did for the other £300 but as I said don't really want to put more money in. Greed is getting the better of me.
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mickj
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Post by mickj on Feb 17, 2019 9:44:46 GMT
I fall at the same hurdle, pop on to check repayments look at current rates and if they are attractive go find the credit card, looks like I may be having a nibble again later today.
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xtab
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Post by xtab on Feb 20, 2019 14:15:34 GMT
Me too, but there have been quite a lot of times when I've been drawn in by the 'latest rates' boxes looking really attractive, but then once I've logged in, find that the current rate is way below that historic one.
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Post by df on Feb 20, 2019 14:49:36 GMT
Me too, but there have been quite a lot of times when I've been drawn in by the 'latest rates' boxes looking really attractive, but then once I've logged in, find that the current rate is way below that historic one. It happened few times when I deposited by debit card and withdrawn on the same day. It is very time consuming if you want to get the best rates out of RS. I tend to withdraw all returns and keep an eye on forum RS board. When people report rate rise I log on and deposit if I'm not too late.
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ashtondav
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Post by ashtondav on Feb 20, 2019 19:32:13 GMT
I simply deposit/invest returns each month, and Set the rates at between 6.3 and 6.5%. If it doesn’t lend out within 5 weeks I simply invest it in lending works, where 6.5% loans are now shifting in 7 to 10 days.
Of the mainstream p2p lenders Zopa mystifies me. How can they keep going, delivering as the do erratic returns that are really quite low. Although I have not been a fan of everything RS do, you do achieve what the headline rate says on the tin. Full marks for that.
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Post by Deleted on Feb 21, 2019 10:19:22 GMT
Err, why are you using “buy it now rate”? Why don’t you set your rate at 5.6%? Just did for the other £300 but as I said don't really want to put more money in. Greed is getting the better of me.
You were going to lump £300 straight in without splitting it up for different borrowers?
Now, that way, you'll certainly get your compeuppance!
Have a sum of cash in your account and just put in tenners here and there with at least £10,000 of other people's between each of your tenners. I have considerably more invested so I use £30.
I prefer the 6%+ on the 5 year and put in £30 at various % points but if you have the time to sit there and wait for the 5%+ on the rolling then fine. Hwever, do manage the risk and spread your money out amongst borrowers.
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ceejay
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Post by ceejay on Feb 21, 2019 10:32:24 GMT
Just did for the other £300 but as I said don't really want to put more money in. Greed is getting the better of me.
You were going to lump £300 straight in without splitting it up for different borrowers?
Now, that way, you'll certainly get your compeuppance!
Have a sum of cash in your account and just put in tenners here and there with at least £10,000 of other people's between each of your tenners. I have considerably more invested so I use £30.
I prefer the 6%+ on the 5 year and put in £30 at various % points but if you have the time to sit there and wait for the 5%+ on the rolling then fine. Hwever, do manage the risk and spread your money out amongst borrowers.
I think you're creating a lot of work for yourself with minimal benefit in risk reduction - the way that RS works with its PF, you don't have a problem with failing loans until the PF is stretched to the point where it can't cope, in which case we all have a problem. Worse, if you follow a £10 strategy in the 5 year market, where loans amortise, you will end up with a basketful of loans that you can't sell because they are less than £10. I do split investment lumps in RS, but only into at most three or four chunks at a time, just to reduce the potential impact of early repayments. But if I had a £300 lump, I certainly wouldn't bother splitting it up - complete waste of time, IMHO.
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Post by Deleted on Feb 21, 2019 12:37:12 GMT
You were going to lump £300 straight in without splitting it up for different borrowers?
Now, that way, you'll certainly get your compeuppance!
Have a sum of cash in your account and just put in tenners here and there with at least £10,000 of other people's between each of your tenners. I have considerably more invested so I use £30.
I prefer the 6%+ on the 5 year and put in £30 at various % points but if you have the time to sit there and wait for the 5%+ on the rolling then fine. Hwever, do manage the risk and spread your money out amongst borrowers.
I think you're creating a lot of work for yourself with minimal benefit in risk reduction - the way that RS works with its PF, you don't have a problem with failing loans until the PF is stretched to the point where it can't cope, in which case we all have a problem. Worse, if you follow a £10 strategy in the 5 year market, where loans amortise, you will end up with a basketful of loans that you can't sell because they are less than £10. I do split investment lumps in RS, but only into at most three or four chunks at a time, just to reduce the potential impact of early repayments. But if I had a £300 lump, I certainly wouldn't bother splitting it up - complete waste of time, IMHO.
On Assetz Capital I invested £2000. I thought they would do the splitting for me as in other, similar, lending models but no. £500 (25%) lumped on a single borrower who made one repayment and then defaulted.
My lesson was learned. I don't lend on any site that doesn't permit me to slice and dice. So what if I have lots of loans then go below £10? They won't all fail. Your logic doesn't add up and is overly dramatic.
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Greenwood2
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Post by Greenwood2 on Feb 21, 2019 12:45:34 GMT
I think you're creating a lot of work for yourself with minimal benefit in risk reduction - the way that RS works with its PF, you don't have a problem with failing loans until the PF is stretched to the point where it can't cope, in which case we all have a problem. Worse, if you follow a £10 strategy in the 5 year market, where loans amortise, you will end up with a basketful of loans that you can't sell because they are less than £10. I do split investment lumps in RS, but only into at most three or four chunks at a time, just to reduce the potential impact of early repayments. But if I had a £300 lump, I certainly wouldn't bother splitting it up - complete waste of time, IMHO.
On Assetz Capital I invested £2000. I thought they would do the splitting for me as in other, similar, lending models but no. £500 (25%) lumped on a single borrower who made one repayment and then defaulted.
My lesson was learned. I don't lend on any site that doesn't permit me to slice and dice. So what if I have lots of loans then go below £10? They won't all fail. Your logic doesn't add up and is overly dramatic.
RS doesn't work the same way. In the event of a catastrophic failure of the PF and inability to cover losses everyone's interest rate would be cut to cover the losses and if that wasn't enough everyone would lose a fixed percentage of capital. So there is no advantage in respect to defaults in splitting up your funds. That would likely be the end of RS as well!
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ashtondav
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Post by ashtondav on Feb 21, 2019 13:06:37 GMT
I think you're creating a lot of work for yourself with minimal benefit in risk reduction - the way that RS works with its PF, you don't have a problem with failing loans until the PF is stretched to the point where it can't cope, in which case we all have a problem. Worse, if you follow a £10 strategy in the 5 year market, where loans amortise, you will end up with a basketful of loans that you can't sell because they are less than £10. I do split investment lumps in RS, but only into at most three or four chunks at a time, just to reduce the potential impact of early repayments. But if I had a £300 lump, I certainly wouldn't bother splitting it up - complete waste of time, IMHO.
On Assetz Capital I invested £2000. I thought they would do the splitting for me as in other, similar, lending models but no. £500 (25%) lumped on a single borrower who made one repayment and then defaulted.
My lesson was learned. I don't lend on any site that doesn't permit me to slice and dice. So what if I have lots of loans then go below £10? They won't all fail. Your logic doesn't add up and is overly dramatic.
Any news from AC on the recovery or asset sale process. Alternatively any news about a PF payout? I'm still confused by the AC PF rules...
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registerme
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Post by registerme on Feb 21, 2019 13:47:54 GMT
Some recent news. Check out the AC forum.
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ceejay
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Post by ceejay on Feb 21, 2019 18:38:56 GMT
On Assetz Capital I invested £2000. I thought they would do the splitting for me as in other, similar, lending models but no. £500 (25%) lumped on a single borrower who made one repayment and then defaulted.
My lesson was learned. I don't lend on any site that doesn't permit me to slice and dice. So what if I have lots of loans then go below £10? They won't all fail. Your logic doesn't add up and is overly dramatic.
I strongly suggest you review the different ways these sites work. They're not the same, and each requires its own strategy. Yours make no sense for RS. In particular, if you have bunch of money in £10 chunks in the RS 5 Year Market then YOU CANNOT SELL ANY OF THEM until they naturally expire. Not a clever position to put yourself in.
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