ceejay
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Post by ceejay on Dec 12, 2019 10:33:05 GMT
I ticked "withdrawing interest" as none of the options really matched my current strategy ... which is that I am partially running down my levels of investment. I'll take a good offer if one is available, but I have an automatic monthly sweep out to catch any leftovers.
That's mainly due to a reduced confidence in P2P generally and also the broader economy. It's not a loss of confidence in RS as a stable platform - far from it - although the way they are depressing lender rates at the moment doesn't feel good, so they are near the front of my P2P reduction strategy.
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corto
Member of DD Central
one-syllabistic
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Post by corto on Dec 12, 2019 10:47:29 GMT
The ISA is running basically untouched reinvesting what repays.
The standard account is used mostly for parking money at better-than-bank rate; it goes up and down.
It's not much money anyway; the majority of p2p investments sits elsewhere. There, I reduce risk levels by whatever means the platforms provide, reducing the total somewhat into the sub-10% range, rebalancing towards lower risk loans or sub-accounts, etc.
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r00lish67
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Post by r00lish67 on Dec 12, 2019 11:20:09 GMT
As with most P2P platforms I use/used, I do very little with RS except withdraw repayments, unless and until a huge bargain comes up - and then pile in as heavy as my debit card will permit.
I've only managed to catch one of those golden opportunities this year.
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Post by ruralres66 on Dec 12, 2019 11:49:30 GMT
Not adding but reinvesting everything
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robski
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Post by robski on Dec 12, 2019 12:14:25 GMT
Thanks all, thought it was interesting to see the feelings. Whilst I know its probably out of line with the investment amounts it does go along the same lines as I expected with more negative rather than positive
I think and this confirms to me, that RS could be heading for rocky times. Returns going down whilst the econoy looks more and more unstable doesnt make for good bedfellows.
Of course we all decide on our level of expected risk, above what a protected account gives, but for me its dropped below where I see a sensible balance.
I bet if 6% were readily available on the 5 year we would see a different poll
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Post by westcountryfunder on Dec 12, 2019 12:25:43 GMT
Adding to my RS investments in the old-style 5yr market. But this is re-balancing from AC access accounts where I had far too much. So just spreading the risk, although I'm not totally happy with either platform.
The wind-down plans for RS seem credible to me, whereas AC - incomprehensible. If RS goes down the pan, then it's difficult to see a catastrophe, just a possible haircut, admittedly of uncertain size. Not happy, but tying up any more money in fixed bank accounts paying less than the inflation rate is unattractive.
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r00lish67
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Post by r00lish67 on Dec 12, 2019 12:32:38 GMT
Thanks all, thought it was interesting to see the feelings. Whilst I know its probably out of line with the investment amounts it does go along the same lines as I expected with more negative rather than positive I think and this confirms to me, that RS could be heading for rocky times. Returns going down whilst the econoy looks more and more unstable doesnt make for good bedfellows. Of course we all decide on our level of expected risk, above what a protected account gives, but for me its dropped below where I see a sensible balance. I bet if 6% were readily available on the 5 year we would see a different poll I disagree with this. To me, low investor returns are typically indicative of a platform in better health than average, not worse. Wider RS Investors appear to be willing to accept a very low premium above FSCS from Ratesetter because (rightly or wrongly) they trust them. Meanwhile, their provision fund has held up much better than some rivals recently. This said, I'm not keen on dipping my toes at this level (esp. with tie-in), and a rocky economy could indeed change everything.
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robski
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Post by robski on Dec 12, 2019 13:05:58 GMT
Thanks all, thought it was interesting to see the feelings. Whilst I know its probably out of line with the investment amounts it does go along the same lines as I expected with more negative rather than positive I think and this confirms to me, that RS could be heading for rocky times. Returns going down whilst the econoy looks more and more unstable doesnt make for good bedfellows. Of course we all decide on our level of expected risk, above what a protected account gives, but for me its dropped below where I see a sensible balance. I bet if 6% were readily available on the 5 year we would see a different poll I disagree with this. To me, low investor returns are typically indicative of a platform in better health than average, not worse. Wider RS Investors appear to be willing to accept a very low premium above FSCS from Ratesetter because (rightly or wrongly) they trust them. Meanwhile, their provision fund has held up much better than some rivals recently. This said, I'm not keen on dipping my toes at this level (esp. with tie-in), and a rocky economy could indeed change everything. Sorry, maybe I mixed the two points I made. Platform health I would agree, its more sustainable for them (and investors) with the lower returns. I don't see RS failing. The rocky times are in regards being able to reliably keep funds flowing, without that same lower rate being challenged. For me, because of the length of tie in, the risk is too high in regards a haircut, or complete lock in of capital, or just rates that no longer reflect the underlying risk of the economy.
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m2btj
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Post by m2btj on Dec 12, 2019 14:11:00 GMT
Max you can get is 1.5% instant access. You're getting a 100% premium from RS access - that's a fair old whack given the capital coverage ratio of the PF.
It compares very well with ZOPA whose peoducts are awful - i think they will ditch p2p for banking.
I've always looked at it like that! I've been more than happy with 3 - 5%! Invested some smallish sums with Coll & got burned! Money locked in recoveries with MT & Archover.
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Post by jamess on Dec 12, 2019 16:35:07 GMT
I'm re-investing in my ISA and running down my Everyday account.
Calculating from the loans made half of my investment would be returned in ~15.5 months for MAX ~18.5 months for 5 Year
initial returns 3.37% per month
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69m
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Post by 69m on Dec 12, 2019 19:53:52 GMT
I'm taking a mixed approach, but my overall strategy is to gradually reduce exposure to P2P in general and RS in particular:
Access (approx. 50% of my total RS balance) - let contracts (all set up before the Going Rate era) naturally run down, then withdraw interest and capital.
Plus and Max (both 0%) - no intention of lending via these products given current rates.
1 Year (approx. 25%) - prepared to reinvest capital at acceptable rates (i.e. > 5%), but will withdraw if funds take too long to get matched.
5 Year (approx. 25%) - prepared to reinvest capital in 1 Year at acceptable rates.
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Post by chris42 on Dec 12, 2019 21:13:53 GMT
I withdrew about 95%, and to be fair to them, no trouble at all, I clicked sell and they seem to cash out go immediately, money in my bank account right when they said.
I have been clobbered by lendy and fundingsecure so I am really sensitive and lost confidence in the diversification strategy.
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jcb208
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Post by jcb208 on Dec 12, 2019 22:54:38 GMT
Throwing all repayments from the 5 year market in to access for now and will play the waiting game.Already withdrawing from other company's as I have lost the appetite for P2P having been stung by 3 others who have gone in to administration
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wishy
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Post by wishy on Dec 12, 2019 23:05:05 GMT
Feeling nervous about P2P, the election and the economy in general, I withdrew a substantial percentage of my investment and it was actioned immediately. I am happy to reduce my exposure for now.
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Post by cheapaschips on Dec 12, 2019 23:12:45 GMT
I have some in the 1 and 5 year markets that are averaging 4.8%, but they are set to go into holding upon repayment. Also have a £20000 ISA in AC which I will leave and monitor for the time being. My money in kuflink is now in arrears and my money in Housecrowd seems to be in extensions which leaves me nervous. Most freed money I now put in above 1.50% on Harvey Lansdown which is protected, but usually locked in for 12 months or so. I have some in Wise Alpha which is growing steadily, but nothing to get excited about. My experiment with a Vanguard managed saw my £1000 steadily diminish day by day until I decided to pull the plug, it might have improved if left in longer, but got cold feet. So am drawing down everything and just leaving AC ISA which I shall be watching like a hawk.
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