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Post by carol167 on May 4, 2020 12:29:56 GMT
OP might want to consider restarting this one and compare the results to the original, post today's announcement!
I'm more than happy for anyone else to replicate it if you think that would be useful. But it served the purpose I instigated it for - which was to try and aid my own thoughts by sounding out the sentiment on here at the time.
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coogaruk
Hello everyone! Anyone remember me?
Posts: 703
Likes: 463
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Post by coogaruk on May 4, 2020 12:52:04 GMT
OP might want to consider restarting this one and compare the results to the original, post today's announcement!
I'm more than happy for anyone else to replicate it if you think that would be useful. But it served the purpose I instigated it for - which was to try and aid my own thoughts by sounding out the sentiment on here at the time.
Well I for one might have just changed my mind but I haven't decided yet lol
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Post by carol167 on May 4, 2020 13:01:12 GMT
OP might want to consider restarting this one and compare the results to the original, post today's announcement!
OP - that's "Originating Poster" for the benefit of 09dolphin who likes acronymns spelt out. ;-)
.....goes to hide behind the bunker for a while.
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coogaruk
Hello everyone! Anyone remember me?
Posts: 703
Likes: 463
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Post by coogaruk on May 4, 2020 17:36:42 GMT
I'm more than happy for anyone else to replicate it if you think that would be useful. But it served the purpose I instigated it for - which was to try and aid my own thoughts by sounding out the sentiment on here at the time.
Well I for one might have just changed my mind but I haven't decided yet lol Now I have. I've simply doubled my minimum lending rates in both markets I currently lend in, to 8% Access and 10% 1-year. Already matched up to 5.5% in 1-year by the time I got around to it. Not sure what took me so long!
I won't go below those rates so withdrawing unlent funds (while I still can) will then be my only option.
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Post by gricehead on May 8, 2020 12:55:10 GMT
Decision time for me on Monday. I'm due a fairly sizeable payment on the 1 year market, and then nothing until August, so that would seem to be the time to make an RYI decision. 45% of my overall Ratesetter investment is in the 1 year market. Another 30% is already back in my holding account, so 1 year is by far my biggest exposure.
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
Likes: 322
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Post by beagle on May 12, 2020 18:03:23 GMT
I feel that the way the 1 and 5 operate , that you can move funds out to holding, there is an exit. Access is a game over, I'll leave that investment in my will for someone to inherit and they will still be calling about it being just 1 month away lol.
1 and 5 though seem a fairly sensible investment from a p2p perspective. If Ratesetter survive this and thus far the steps taken suggest it intends to (they could not release afterall) I think they will be a solid choice. if honest aside from stocks this is a good investment to keep vs cash (worthless rates) and at least there is limited reinvestment control. That said certainly don't play with the money you need to keep the lights on with.
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Post by stevepn on May 12, 2020 18:47:53 GMT
I feel that the way the 1 and 5 operate , that you can move funds out to holding, there is an exit. Access is a game over, I'll leave that investment in my will for someone to inherit and they will still be calling about it being just 1 month away lol. 1 and 5 though seem a fairly sensible investment from a p2p perspective. If Ratesetter survive this and thus far the steps taken suggest it intends to (they could not release afterall) I think they will be a solid choice. if honest aside from stocks this is a good investment to keep vs cash (worthless rates) and at least there is limited reinvestment control. That said certainly don't play with the money you need to keep the lights on with. I've not had access to the net for a few weeks so I am a bit out of touch concerning things at Ratesetter, are you saying that 1 and 5 year take priority over access when withdrawing money?
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
Likes: 322
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Post by beagle on May 12, 2020 19:58:33 GMT
I am not saying priority as in fairness i am a speculating outsider, however, logic to me would be that they generate fees from this so why not do this first an easy cash flow. Also - the rates here are higher than access overall and so - it makes sense that you release these first as the cost of lending is better and so it makes business sense. surely to me this is why these releases are moving faster. As said i dont have the full picture but i dont blame ratesetter one bit, it might seem unfair, but i am sure every business would do it can right now and i too would follow this logic. Plus if you are in 1 or 5 year the interest loss is less painful (rates again are traditionally better). i would do the same as them if i had to.
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star dust
Member of DD Central
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Post by star dust on May 12, 2020 20:38:09 GMT
I am not saying priority as in fairness i am a speculating outsider, however, logic to me would be that they generate fees from this so why not do this first an easy cash flow. Also - the rates here are higher than access overall and so - it makes sense that you release these first as the cost of lending is better and so it makes business sense. surely to me this is why these releases are moving faster. As said i dont have the full picture but i dont blame ratesetter one bit, it might seem unfair, but i am sure every business would do it can right now and i too would follow this logic. Plus if you are in 1 or 5 year the interest loss is less painful (rates again are traditionally better). i would do the same as them if i had to. The 5 year and 1 Year products are separate legacy markets that are no longer open to new investors. Their RYI's appear to be settling faster than the access accounts. However this is pretty meaningless given we don't know the size of the product markets, the numbers invested the number of RYI's or their amount. There are fees to exit in both the Plus and Max elements of the access accounts - why aren't they being released ahead of access RYI's then? My average rate is 7.2% in access and 6.4% in max; my average in the 5 Year was 6.3% when it settled my RYI request, I'm still waiting for the access ones. Where exactly is your evidence that Ratesetter are behaving in the way you suggest? As an investor in Ratesetter myself rather than a "speculating outsider" I couldn't disagree with you more and in response to "i would do the same as them if i had to" all I can say is it's a good job you're not running the show then.
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
Likes: 322
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Post by beagle on May 12, 2020 21:04:07 GMT
I am not saying priority as in fairness i am a speculating outsider, however, logic to me would be that they generate fees from this so why not do this first an easy cash flow. Also - the rates here are higher than access overall and so - it makes sense that you release these first as the cost of lending is better and so it makes business sense. surely to me this is why these releases are moving faster. As said i dont have the full picture but i dont blame ratesetter one bit, it might seem unfair, but i am sure every business would do it can right now and i too would follow this logic. Plus if you are in 1 or 5 year the interest loss is less painful (rates again are traditionally better). i would do the same as them if i had to. The 5 year and 1 Year products are separate legacy markets that are no longer open to new investors. Their RYI's appear to be settling faster than the access accounts. However this is pretty meaningless given we don't know the size of the product markets, the numbers invested the number of RYI's or their amount. There are fees to exit in both the Plus and Max elements of the access accounts - why aren't they being released ahead of access RYI's then? My average rate is 7.2% in access and 6.4% in max; my average in the 5 Year was 6.3% when it settled my RYI request, I'm still waiting for the access ones. Where exactly is your evidence that Ratesetter are behaving in the way you suggest? As an investor in Ratesetter myself rather than a "speculating outsider" I couldn't disagree with you more and in response to "i would do the same as them if i had to" all I can say is it's a good job you're not running the show then. Perhaps I was not clear, by outsider i mean someone without full internal knowledge. I am an investor too. I see your point about the plus and max elements, however, do they not share a pool with access? If so, how could they move faster? If they did then that would be disgracefully unfair. Mine is purely an opinion, i know i am not running the show, however, surely business sense to me would be if you are going to sunset these 'legacy' markets and based on the past rate data it suggests to me it is expensive to lend here vs access. It also makes sense to me to keep cashflow moving. You certainly have good rates which were set surely. i would imagine given the amount of money typically on market (especially pre-covid) at market rate it suggests to me again (purely an opinion) that many people are happy with the access market rate vs the old rates to lend for other markets. again though, just an opinion.
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robski
Member of DD Central
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Post by robski on May 13, 2020 7:55:44 GMT
The 5 year and 1 Year products are separate legacy markets that are no longer open to new investors. Their RYI's appear to be settling faster than the access accounts. However this is pretty meaningless given we don't know the size of the product markets, the numbers invested the number of RYI's or their amount. There are fees to exit in both the Plus and Max elements of the access accounts - why aren't they being released ahead of access RYI's then? My average rate is 7.2% in access and 6.4% in max; my average in the 5 Year was 6.3% when it settled my RYI request, I'm still waiting for the access ones. Where exactly is your evidence that Ratesetter are behaving in the way you suggest? As an investor in Ratesetter myself rather than a "speculating outsider" I couldn't disagree with you more and in response to "i would do the same as them if i had to" all I can say is it's a good job you're not running the show then. Perhaps I was not clear, by outsider i mean someone without full internal knowledge. I am an investor too. I see your point about the plus and max elements, however, do they not share a pool with access? If so, how could they move faster? If they did then that would be disgracefully unfair. Mine is purely an opinion, i know i am not running the show, however, surely business sense to me would be if you are going to sunset these 'legacy' markets and based on the past rate data it suggests to me it is expensive to lend here vs access. It also makes sense to me to keep cashflow moving. You certainly have good rates which were set surely. i would imagine given the amount of money typically on market (especially pre-covid) at market rate it suggests to me again (purely an opinion) that many people are happy with the access market rate vs the old rates to lend for other markets. again though, just an opinion. Each market has its own queue and available funds as funds come in to be able to satisfy RYIs There is no need to conspiracy level they are prioritising this over that, that are processing each market as funds allow I have said before the more flighty capital would have been in access its no surprise those mainly ran for the lifeboats and got swamped as most of them would be asking for withdrawl
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Post by markimus on May 13, 2020 11:08:17 GMT
I am not saying priority as in fairness i am a speculating outsider, however, logic to me would be that they generate fees from this so why not do this first an easy cash flow. Also - the rates here are higher than access overall and so - it makes sense that you release these first as the cost of lending is better and so it makes business sense. surely to me this is why these releases are moving faster. As said i dont have the full picture but i dont blame ratesetter one bit, it might seem unfair, but i am sure every business would do it can right now and i too would follow this logic. Plus if you are in 1 or 5 year the interest loss is less painful (rates again are traditionally better). i would do the same as them if i had to. If we look at the page of RYI's that are being tracked you'll notice that the access queue has the most requests in there for every 30 requests* using the access/plus/max queue (they share the same pot of money) there are: 6 requests for the 1 year 1 request for the 5 year So it will look like they are moving through the 5 year queue faster but that is because there's fewer requests in general. Obviously we don't have all the data we need so this is just a best guess using the information we have available to us. *I looked at just one page of results and counted how many there were so this isn't meant to be completely accurate, I think there are 184 queued items in the request thread, and that doesn't include the extra requests that use the same line.
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