ashtondav
Member of DD Central
Posts: 1,805 
Likes: 1,087
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Post by ashtondav on Feb 11, 2020 8:53:59 GMT
i had about 37000 in LW. I sold about 20,000 in December. This week I decided to accept the penalty, invest elsewhere and see how things develop, and accept I have earned about 4%. I am left with 1,700 unsellable loans in my account. I guess I will review things when those loans are re-imbursed by the shield and I hear that LW is actually delivering 5.4%. I hope I can return as I value the diversification, but not at current perceived risk levels.
from triggering sale to account 7 days. Pretty good, I think.
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Post by carol167 on Feb 11, 2020 9:12:03 GMT
The irony is... that you'll be effectively be reimbursed by your own sell out fee money.
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Post by gravitykillz on Feb 11, 2020 17:13:10 GMT
I may return in the future when the pf improves and feedback becomes more positive. For now I will stick with what I know and what I have faith in.
I just hope lending works is still around in 6 months time.
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Post by carol167 on Feb 11, 2020 18:21:05 GMT
What is the point of returning if they're just going to take half your interest away so you don't get what you thought you were getting for many years ? I shan't be back. No trust anymore. But how long it takes to get fully out is another matter.
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ashtondav
Member of DD Central
Posts: 1,805
Likes: 1,087
|
Post by ashtondav on Feb 11, 2020 18:26:40 GMT
Well i'll see if the returns over the next year for new loans are 5.4%, and if my "unsellables" become covered and therefore "sellable"- if they are i may well add more money. If not they'll be out of business anyway.
In the meantime AC 90 day delivers more, with no (yet!) problems.
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