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Post by closetotheedge on Nov 17, 2016 16:34:10 GMT
As an old school RS investor I have been around long enough to see rates rise and fall several times. Rather than chase rates around I prefer to focus on being confident that I will get my investment back. Nothing dampens ones enthusiasm for an investment like the loss of capital. 3% monthly and around 5.8% long term seem reasonable at present considering the weight of provision fund sitting behind you. I know the coverage ratio has theroretically dropped but I think the size of the pot gives confidence.
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adrianc
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Post by adrianc on Nov 17, 2016 17:17:28 GMT
Oh, you can only place one vote... But you can unplace it, then place it elsewhere.
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arbster
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Post by arbster on Nov 17, 2016 17:23:32 GMT
My frustration with Ratesetter is mostly down to the implementation, rather than the rates, which are broadly commensurate with the risk in the current climate. What I hate is the fact that they never tell you when your Rolling market investments have paid back, and I don't trust their algorithms to invest at the best rate available on the day. This means that I end up with unnecessary uninvested days. So, I'm moving to places that just do it all better.
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Post by Financial Thing on Nov 17, 2016 18:08:57 GMT
Oh, you can only place one vote... I know, I realised that after posting, then realised I couldn't edit it to include more than one vote ;/
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am
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Post by am on Nov 17, 2016 18:30:30 GMT
Since Zopa has been considered the nearest competitor to RS, should Zopa also have been offered as a choice on the survey?
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Post by yorkman on Nov 21, 2016 9:08:26 GMT
Ticked 'Other' in the absence of Zopa.
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jonno
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nil satis nisi optimum
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Post by jonno on Nov 21, 2016 10:01:33 GMT
It would have been nice to have more than one option, as I have been increasing my investments in MT and COLL. However I ticked Bondmason as that is the direct destination for the run-down in my Ratesetter investments which have halved over the last few months.
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ashtondav
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Post by ashtondav on Nov 21, 2016 11:55:32 GMT
Barmy poll.
Why the hell wasnt zopa included?
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Post by p2plender on Nov 24, 2016 3:49:18 GMT
All repayments to holding account and then withdrawing here with no signs of a return to what I think is a fair risk reward rate. Cashed in 15k 5 yr as well for very minor penalty and 10k 5yr from Mrs' account. Where's it going? Aus RS and SS in the UK, the latter only briefly. May have a look at Bondmason. Any 'expert' RSers rec Bondmason or anything else? I tend to move money around a lot so not too interested in tying it all up long term. Many thanks.
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ashtondav
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Post by ashtondav on Nov 24, 2016 13:20:10 GMT
TBH, with five year rates at an insane 4.6% for 5 years, rolling at 3.1% is a bargain. Jump in!
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jcm9000
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Post by jcm9000 on Nov 26, 2016 22:56:56 GMT
I thought Staying Put was another p2p site, after a bit of befuddled googling, I realised I was being quite daft... I really need sleep.
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ashtondav
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Post by ashtondav on Nov 28, 2016 10:50:42 GMT
Decided I'm out. So all money in the 5 year market is being withdrawn as and when repayments arrive and transferred to zopa+ - the nearest competitor IMO.
28th of the month and 4.6% in five year with a dodgy PF that RS refuse to elaborate about. Stupid rate, silly model.
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Post by citadel on Nov 30, 2016 22:24:05 GMT
So "Money thing" seems to be the most popular, but why that over say Assetz capital, Which is the "safer" for someones investment out of the two ??
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adrianc
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Post by adrianc on Dec 1, 2016 8:44:58 GMT
So "Money thing" seems to be the most popular, but why that over say Assetz capital, Which is the "safer" for someones investment out of the two ?? A lot of longer-term ACers are a bit unhappy at rates there having fallen for the same risk.
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ton27
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Post by ton27 on Dec 2, 2016 12:30:01 GMT
I agree - AC is a good platform with quite good communications but their rates have fallen quite dramatically. I am still investing (for diversification) but much smaller amounts and having been at a constant level for quite some months I am now starting to reduce and this may well accelerate as the older loans unwind.
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