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Post by westonkevRS on Jun 2, 2015 5:32:26 GMT
Cheers for the replies re under 6% returns. this is really what i was looking for, ideas on where average rate might be on the long haul. I have a 17 year investing plan that includes ratesetter. No one can predict the future, but i think when updating my spreadsheets I'll go with 6% predicted returns rather than 6.4% and above! Historic Market Rates are published and can be downloaded into Excel here: www.ratesetter.com/lend/statisticsThe two big questions are, (a) can an active knowledgeable patient lender beat the MR? (probably....but easier in a rising trend) (b) will the future trend be up, down or stable - "it will fluctuate". And there are many other factors to consider such as RateSetter advertising sucess, borrower numbers, (L)ISAs, etc. Who knows. Me, I take the MR with regular money and some weekend spikes mid-month. @ westonkevRS
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jlend
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Post by jlend on Jun 2, 2015 7:58:25 GMT
My best rates on the 5 year market are currently 7.8% for a few contracts in 2012.
Wouldn't it be great to get back to those sort of rates :-)
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spiral
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Post by spiral on Jun 2, 2015 15:34:24 GMT
My best rates on the 5 year market are currently 7.8% for a few contracts in 2012. Wouldn't it be great to get back to those sort of rates :-) On Zopa listings, I managed to lend £50 at 20% (The max rate Zopa would let you set) in 2007, arrhh the good old days. Fortunately, they didn't default, Unfortunately, IIRC, the loan was paid up in about 3 mths.
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Post by brokenbiscuits on Jun 13, 2015 9:03:05 GMT
Some kind chap just repaid a loan i set up in march at 6.4%. It represents about 9% of my total money in ratesetter so pleased to see that before I knew anything about it, its already back out on loan at 6.7%.*
im now at 6.5% average rate of return! 6.6 would require an investment of new money to the sum of about 50% of what i currently have all lent out at 6.7% or above. So cant see me getting there any time soon unless i get more early repayments on my lower rate loans.
*happy that its gone up 0.3% but less so seeing that we might get 7% loans today!
I think i need to be more ruthless with my reinvestment strategy, set a crazy high reinvestment figure then come back each day to manually move what's left to the best fit on the day. I feel like ive gained 0.3% percent, but i guess you could argue ive lost the chance of 0.6%.
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jonbvn
Member of DD Central
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Post by jonbvn on Jun 13, 2015 14:24:27 GMT
Some kind chap just repaid a loan i set up in march at 6.4%. It represents about 9% of my total money in ratesetter so pleased to see that before I knew anything about it, its already back out on loan at 6.7%.* im now at 6.5% average rate of return! 6.6 would require an investment of new money to the sum of about 50% of what i currently have all lent out at 6.7% or above. So cant see me getting there any time soon unless i get more early repayments on my lower rate loans. *happy that its gone up 0.3% but less so seeing that we might get 7% loans today! I think i need to be more ruthless with my reinvestment strategy, set a crazy high reinvestment figure then come back each day to manually move what's left to the best fit on the day. I feel like ive gained 0.3% percent, but i guess you could argue ive lost the chance of 0.6%. I like to set up several bids from slightly above market rate to significantly above. This picks up some of the unexpected peaks in rates. I do sometimes adjust the rates depending on how the market moves. I would like to say I have a scientific method, but it is just "seat of my pants" stuff really;)
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