Post by ruralres66 on Jul 29, 2016 11:03:26 GMT
I am new to this forum. It's extremely helpful. Thanks. I have dabbled in lending to both RateSetter and Zopa since 2013. I am a total novice! I have had insufficient time to really "test" or process withdrawals or sellouts as I have not needed to. In the current climate of financial uncertainty, I now wish to explore a sellout, just in case of either need or concerns about the market. I am not really bothered about maximising interest atm, I just wish to gain a better understanding of the system and secure a modest fair return on my lending "investment". I shall use a hypothetical sum invested in the 3 year market which I wish to sell out in one go, or perhaps several smaller amounts over successive days.
My question is, is it better to sellout in small chunks?
Is there a time of the day best or a day of the week that's best?
I have looked at today's rates.
For the sell out of £89,000 at 5.2 in the 3 year market, ( loans- contracts from 2013 but mainly 2015-2016), fees are estimated at about £1500 giving a return of approx £87500.
If push came to shove and I really needed to sellout, I really need some advice and feedback as to best way to do this.Thanks in anticipation.
My question is, is it better to sellout in small chunks?
Is there a time of the day best or a day of the week that's best?
I have looked at today's rates.
For the sell out of £89,000 at 5.2 in the 3 year market, ( loans- contracts from 2013 but mainly 2015-2016), fees are estimated at about £1500 giving a return of approx £87500.
If push came to shove and I really needed to sellout, I really need some advice and feedback as to best way to do this.Thanks in anticipation.
