registerme
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Post by registerme on Sept 1, 2015 11:13:14 GMT
Thank you. Not very useful then is it .
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oldgrumpy
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Post by oldgrumpy on Sept 1, 2015 11:27:01 GMT
Poor old Grumps On Sunday I was within £1500 of matching at 6.5%. Now I'm at £630K in the Q
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ashtondav
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Post by ashtondav on Sept 1, 2015 15:08:00 GMT
I was quite hapy to shift a fair old wedge at 6.4% Friday. A darned site better than my year to date share portfolio!
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registerme
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Post by registerme on Sept 2, 2015 8:23:34 GMT
And right now there's £38k sitting at 5.7% in the five year market.
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pom
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Post by pom on Sept 2, 2015 11:04:23 GMT
Seems to me that RS may well consider these changes are doing a great job in managing (upward) volatility but I think the downward volatility is shocking - saw a latest match of 1.7% in the monthly earlier (am sure whoever it was will be relieved later that they were only sucked in for a month). As much as it's a case of buyer-beware and up to people to decide what they're prepared to accept it seems to be that this new system is completely taking advantage of inexperienced investors, who won't be aware what else is available and will see this as a recommendation - meanwhile those of us that are more experienced are only likely to shift our expectations a small amount or go elsewhere.
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Post by mrclondon on Sept 2, 2015 11:11:36 GMT
After a few days to think about this I've come to the conclusion that the concept is fine, but the implementation is way off the mark:
a) as mentioned by others , the "expert" wording is poor, and not that visible
b) the single rate should be based on the market rate algorithm
Interesting that the great rivallary pendulum of zopa vs ratesetter could be starting to swing back towards zopa as a result of this change.
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Post by nickthefool on Sept 3, 2015 15:38:12 GMT
westonkevRS, your argument for using the new display rather than MR is flawed, because when there is no borrower money on offer (as is currently the case with the 1 year market), it says the rate to "lend now" is the lowest lender offer, which won't be immediately lent (and could potentially be a long way back in the queue if the lowest lender offer is a large one). If you want a nice simple display, I would show 3 buttons: - "Lend now" option - highest borrower offer, also shows amount of money available to lend at that rate. If there's no money on the market then it shouldn't imply that you can "lend now". Showing the lowest lender offer is fine (could even show 0.1% below that as the rate to be at the front of the queue, though obviously this would encourage undercutting) - "Market rate" option - today's market rate, could also show how far back in the queue you would be - "Your rate" option - set your own rate. Advise that this is for experts if you like, as now The current display seems designed to try and push rates down for lazier investors, which in turn may push all rates down as borrowers start to realise they can get lower rates if they hold out. Maybe that's what you want, I don't know.
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oldgrumpy
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Post by oldgrumpy on Sept 4, 2015 8:10:48 GMT
(part copied from other thread) 3 year inc had lender offers all the way down to 4.1% an hour ago (I don't know what RS were flagging up as "lend now rate" at any particular time). Market Rate (for the masses) today was 5.3%. Now the best offer is 5.9%, 6.0%+ seems imminent. I wish I had been greedy and not invested at 5.8% last night!
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pom
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Post by pom on Sept 10, 2015 10:27:56 GMT
So I'm not sure if this is also "new" or not, as when I've changed offers before I've always done it directly on specific offers from the "old" display. But... I saw a link to "change" my unmatched money and went to have a look...on the plus side it offers you the last matched rate, the lowest offer on the lender queue (and tells you how much is ahead), the front of the queue (ie undercutting existing lenders) and the best current borrower request. On the minus - that is to change ALL your offers in one go, and if you want to do anything different your only option is to cancel out and go back and find how to tweak it yourself - no "ratesetter expert" links here... so if you don't already know you can tweak individual offers to whatever you want you'll be stuck. Just seems to me that however much some people may want it to be simple, it's getting harder and harder to find out how to become an "expert"
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Post by GSV3MIaC on Sept 10, 2015 20:13:37 GMT
I've looked at it before and walked away when I discovered that 'change all my offers to x.y%' (on the 3 year market for instance) is not an option unless x.y% is what RS want it to be. If it'd let me feed in my own numbers it would be a handy tool. So I just de-list them all and then re-list the combined sum at x.y%, but that is an extra step I could do without.
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Investor
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Post by Investor on Sept 10, 2015 22:41:26 GMT
The EXtra step is what makes you an RS EXpert. The only other option I can see is to demote yourself back to RS NOvice, and accept the 'I have NO idea what I am doing' rate
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Post by GSV3MIaC on Sept 11, 2015 7:48:39 GMT
Hmm, I just had a look at the new 'place an order' page, and I agree, it is horrid. Wants to give my money away at a ridiculously low rate, and doesn't even offer me a box to change the rate, unless I go to another page. Come on RS, this is not like you!!
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mikeb
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Post by mikeb on Sept 11, 2015 16:57:20 GMT
westonkevRS could someone add a cookie or something so that once you've clicked the "I'm an expert ..." button, it sticks?
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pom
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Post by pom on Sept 11, 2015 17:57:21 GMT
westonkevRS could someone add a cookie or something so that once you've clicked the "I'm an expert ..." button, it sticks? I was thinking that too so yessss.....PLEEEEEEASSSSSSE - like x lots & lots. It's a complete pain to have to keep finding my way back to where I want to be. And all it needs is a "revert to non-expert" button to suit everyone.
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jonah
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Post by jonah on Sept 11, 2015 19:12:40 GMT
You can click on the box in the lower left with the last loan rate for the respective time period from all (most?) pages to go straight to the 'expert' screen. No cookies needed... But I like chocolate chips.
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