sd2
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Post by sd2 on Dec 4, 2019 18:01:03 GMT
In fact I don't really understand how it works now. When I check rate trends the interest available is always .1% below the going rate?
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aju
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Post by aju on Dec 4, 2019 23:29:44 GMT
In fact I don't really understand how it works now. When I check rate trends the interest available is always .1% below the going rate? Not sure but yes in the 1Y over the last few weeks, its moving downwards though but I got 4.7% within hours on the 1Y today. Its not for everyone and any new lenders will not have access to the 1Y or the 5Y. Not sure what they are at the moment though as not looked since this morning. Not sure its that easy to beat GR on the new products.
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Post by stevexxx on Dec 4, 2019 23:58:23 GMT
Ive had my rate set to 5% for a month now and nothing.. had to go to 4%.... idk.. still better than the banks and zopa but starting to draw down some of my p2p investments.. Not happy with the changes here.
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aju
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Post by aju on Dec 5, 2019 0:06:30 GMT
Ive had my rate set to 5% for a month now and nothing.. had to go to 4%.... idk.. still better than the banks and zopa but starting to draw down some of my p2p investments.. Not happy with the changes here. What product?, in the 1Y I think some people might have got 5% as there seemed to be quite a quick sweep through this morning it may have hit some 5%, I was surprised the 4.8 mrs Aju had set this morning went within 2 hours. If you are in the new products you are fighting with almost the whole world and there are quite large sums sitting in the queues on the new products. Not sure about the old 5Y but the old 1Y is definitely where the action seems to be the 5Y did seem to creep as well though this morning but we are not focussing on the long term anymore. Just checked the 1Y and the 5Y are at 4.3 and 4.8 but if you don;t have teh 1Y or the 5Y its not much help - sorry
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Post by stevexxx on Dec 5, 2019 0:20:24 GMT
I'm in for the long hall 5 years reinvest.., The isa is newer and initially did well but 2 years on is the same as the non isa now running around 3.7% ish Only 15 months ago i was getting a good 5+% When you first put in the rates look good at 6 to 8% but then then defaults start to hit and the % drops out.. I'm not overly concerned right now but IDK what liabilities Zopa has to Zope Bank if any.....
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aju
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Post by aju on Dec 5, 2019 0:34:10 GMT
I'm in for the long hall 5 years reinvest.., The isa is newer and initially did well but 2 years on is the same as the non isa now running around 3.7% ish Only 15 months ago i was getting a good 5% Mrs Aju and myself have been here nearly a year now - our ISA's started in april. It's been hard but I have been getting 5% + rates until they changed the model to stabilise rates. The changes most recently has dragged the 1Y and 5Y down quite a bit from what they were. The 1Y is very bursty at times but the 5Y we have stopped using when the products came in. I was following the Sunday night/monday rate setting game and get >5% as the runs were out of sync most weekends. Since the new rates though the 1Y has become more lucrative. Sadly I think the way things are progressing - and its needs a couple of months or more to get the feel for it but the good rates are probably the end of the road. Zopa has also become a bit of a hit and miss thing too hence the reason we are probably going to rebalance out of P2P in the coming months if things don't get better. The lower rates though are not that great in terms of risks I feel.
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Post by stevexxx on Dec 5, 2019 0:54:50 GMT
I think what you have got to decide is, is Zopa paying better than banks?... In my opinion it is, and Zopa is I think a robust platform. Its also a long term investment not something to suddenly try to withdraw from.. Other platforms are about the same.LW is dropping its rates, Ratesetter is at 4%... I think that's the way way the market is right now.. I was thinking of getting out of p2p because of the FSA. P2P is starting to hit traditional banking and I'm sure the morons there are hitting back in underhanded ways... Standard investments for instance don't carry the same declarations as the new p2p yet far more risky so makes me think the establishment dont want people like us making money outside the normal banking means..
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aju
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Post by aju on Dec 5, 2019 1:07:22 GMT
I think what you have got to decide is, is Zopa paying better then banks?... In my opinion it is, and Zopa is I think a robust platform. Its also a long term investment not something to suddenly try to withdraw from.. Other platforms are about the same.LW is dropping its rates, Ratesetter is at 4%... I think that's the way way the market is right now.. I was thinking of getting out of p2p because of the FSA. P2P is starting to hit traditional banking and I'm sure the morons there are hitting back in underhanded ways... Standard investments for instance don't carry the same declarations as the new p2p yet far more risky so makes me think the establishment dont want people like us making money outside the normal banking means.. Thing is though P2P is not a safe investment - hence the FCA rules everyone is having to address recently For me these decreasing rates are interjecting with my risk factors and I'm becoming less comfortable that the rates are becoming too low to cover the risk that I am happy with. I have stuck with the biguns for want of a better term but I'm under no illusion that any of these platforms are a risk. IMHO of course. I'm definitely not lending on RS as low as 4% as I said earlier - I do struggle to lend at , 5% but as you say it is better than a bank. We are still waiting for our £100 bonuses as well
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Post by stevexxx on Dec 5, 2019 1:30:09 GMT
Is the risk though lower or higher than lets say an investment isa through a bank?... Ive always had steady growth in p2p, never lost anything on paper//.. I just invested in an managed investment fund and in a day lost 2% ....Ive seen these funds grow 15% in a year or more but can also crash out in bad times with 40% plus losses... Thats a hell of a loss for someone just put a lump sum in,,, So whats more risky?... idk lol and lets face it money in the bank is loosing 2% a year in inflation...
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corto
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Post by corto on Dec 5, 2019 8:11:50 GMT
Is the risk though lower or higher than lets say an investment isa through a bank?... Ive always had steady growth in p2p, never lost anything on paper//.. I just invested in an managed investment fund and in a day lost 2% ....Ive seen these funds grow 15% in a year or more but can also crash out in bad times with 40% plus losses... Thats a hell of a loss for someone just put a lump sum in,,, So whats more risky?... idk lol and lets face it money in the bank is loosing 2% a year in inflation... One can't simply say that as it depends on what you put into your ISA and what p2p you buy into. On the short term most stocks and shares are more volatile than p2p (or other interest-based investments), but on the long run that averages out. The average gain of S&S is believed to be around 5%. The stock market usually recovers relatively quickly after dips, corrections and crashes. If one depends on the money to be available immediately that of course does not help. In this case a sufficient amount of your wealth should be in less volatile / less risky investments. In contrast, p2p investments that crash have a tendency to recover badly. Recoveries made for individual loans scatter widely but averages are probably well below 50%. You would not notice this on platforms as RS where the recovery process takes place behind the scene. Whole platforms can also crash (and this has a very significant likelihood as you can see elsewhere on this board). If this happens you may loose a large amount of all your money on the platform. It has turned out impossible in the past to predict if and when these platform crashes happen. To reduce risk it makes a lot of sense to diversify and spread funds across a number of platforms. This also holds in the S&S domain, where it usually makes sense to invest into more than a single fund (unless perhaps one that is already highly diversified).
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jlend
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Post by jlend on Dec 5, 2019 9:20:36 GMT
Getting more than the going rate on the new markets?
Well there might be the odd peak on the new markets as RS complete larger property loans but I assume RS will look to minimise these obviously.
I only have money on Max matched at 5.5%
Contract dates of 7th,19th,21st Nov.
Of course the going rate has fallen since then.
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benaj
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Post by benaj on Dec 5, 2019 9:32:27 GMT
I top up RS Access regularly, there were a couple of occasion I got higher than 3% without long wait.
TBH, some banks offer better "rewards" / "cashback" than going rate.
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lara
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Post by lara on Dec 5, 2019 10:52:24 GMT
But with stocks and shares, you have capital gains to factor in as well as dividends.
Some are aimed more at one than the other, for example some have a high potential for gain although offer low dividends and vice versa.
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coogaruk
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Post by coogaruk on Dec 5, 2019 16:01:07 GMT
But with stocks and shares, you have capital gains to factor in as well as dividends. Some are aimed more at one than the other, for example some have a high potential for gain although offer low dividends and vice versa. And growth stocks will have lower yields or none when compared to income stocks, i.e. utilities
Back on topic: I have several orders in the old 1yr stepped in 0.1 increments from 4.7-5.2% and got matched up to 4.9% today so far.
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aju
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Post by aju on Dec 6, 2019 1:12:25 GMT
But with stocks and shares, you have capital gains to factor in as well as dividends. Some are aimed more at one than the other, for example some have a high potential for gain although offer low dividends and vice versa. And growth stocks will have lower yields or none when compared to income stocks, i.e. utilities
Back on topic: I have several orders in the old 1yr stepped in 0.1 increments from 4.7-5.2% and got matched up to 4.9% today so far.
I knew I shouldn't have moved my 4.9% up to 5.2% oh well tomorrow's another day
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