agent69
Member of DD Central
Posts: 5,586
Likes: 4,181
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Post by agent69 on Aug 24, 2015 18:03:56 GMT
guess they had a big loan come in that caught everyone unawares Over 4000 matches in the last 24hrs (don't think I have ever seen higher). And by the way, if you're not intimately acquainted, it's mister Grumpy sir.
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Post by brokenbiscuits on Aug 24, 2015 19:50:51 GMT
Decided yesterday to end my dirty protest and paid in an amount about equal to all the withdrawals I've made in the last 6 weeks.
The plan was to just bite down on the 6.1 or so that is now the new norm... Seems like 6.6+ may be available again. Happy days.
Will split the spare cash I have left after this in ratesetter and the rest trying to catch falling knives in the stock market!
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Post by westonkevRS on Aug 24, 2015 20:38:41 GMT
Somebody must be manipulating the rates upwards. Quick, complain on the anonymous forum about some strange looking market orders!
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Post by p2plender on Aug 24, 2015 21:09:06 GMT
Who are the borrowers? Is it the Chinese government?
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Post by brokenbiscuits on Aug 25, 2015 6:02:32 GMT
Somebody must be manipulating the rates upwards. Quick, complain on the anonymous forum about some strange looking market orders! Strange looking market orders? How about back to 5.5% in both the the 3 and 5 year in time for breakfast. That's a big jump from 6.8%
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jonbvn
Member of DD Central
Posts: 326
Likes: 95
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Post by jonbvn on Aug 25, 2015 7:06:18 GMT
Somebody must be manipulating the rates upwards. Quick, complain on the anonymous forum about some strange looking market orders! Strange looking market orders? How about back to 5.5% in both the the 3 and 5 year in time for breakfast. That's a big jump from 6.8% But less than £10k on offer below 6.3%
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pom
Member of DD Central
Posts: 1,922
Likes: 1,244
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Post by pom on Aug 25, 2015 7:45:10 GMT
Strange looking market orders? How about back to 5.5% in both the the 3 and 5 year in time for breakfast. That's a big jump from 6.8% But less than £10k on offer below 6.3% Your Rate reinvestments I guess...
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Post by westonkevRS on Aug 25, 2015 12:23:01 GMT
I don't think it is, because it was quite an orderly list of 2/3 lenders at each price bucket; each under-pricing the last. Agreed it isn't the best strategy and experienced forum members will think their mad; but the reality is lots of lenders just choose a rate to be at the front of the queue. As long as it's above the minimum requirement for a lender return, they're happy. Kevin.
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Post by pepperpot on Nov 5, 2016 13:31:47 GMT
When I leave, that's your market indicator. Run for the hills, sell sell sell. Actually of the three biggest platforms they are all equally safe in the short to medium term (5-years or until the next recession). They are well capitalised with good lending volumes, and experienced management. There are some other very good platforms that will do well and expand, find their niche. My personal favourites being Assetz and Abundance. I'm not in deep enough with the others, so no inferences intended or opinion had. Other than that I don't really want to get into a " who is the safest" platform debate as well never really know untill the proverbial hits the fan. The point being outside of these players there is clearly more risk. RateSetter isn't interested in being a higher risk higher return platform. If you want to lend on M*******, R******* or B****** - you go for it...... westonkevRS So... westonkev, the first sentence was a joke; right?!?
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Post by westonkev on Nov 5, 2016 14:41:13 GMT
Oops, that's just the type of flippancy I was talking about. can be completely ignored...
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Post by ruralres66 on Nov 5, 2016 17:24:40 GMT
Oops, that's just the type of flippancy I was talking about. can be completely ignored... Now you have REALLY got me worried, as many a true word is said in jest....... for the more learned and literary minded....a version of this appears in The Cook's Tale by Chaucer: "Ful ofte in game a sooth I have herd saye!".[1] James Joyce combined this sentiment with the similar adage of in vino veritas to coin the phrase in risu veritas.[2]
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Post by newlender on Nov 5, 2016 17:52:00 GMT
Well, if we're on a literary theme, Cicero summed up Kev's departure very well indeed - 'Cui bono?' Certainly not those of us who valued his contribution. And with reference to Kev's prediction about when it's time to run for the hills.....'si monumentum requiris, circumcumspice'.
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