oldgrumpy
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Post by oldgrumpy on Dec 2, 2016 13:19:56 GMT
AC has promised for years to improve loan flow and now they have done it. There are plenty of loans, but at rates reduced so far they are not competitive. Taking a temporary position in 7% and 8% loans is no longer a good idea because there are so many parts available on the SM, it is impossible to sell quickly when better deals materialize or cash is needed. I no longer fill the famous GQAA below 8.5-9%% while this situation continues. I was trying to use BondMason for my ex RS "lower risk/lower rate" dump, but they still struggle to invest what is already there (see the BM threads). Wellesley has so much surplus cash (through over advertising) that they offer 2.35%. Zopa (which I no longer use) has just started blocking new funds. For the time being HMRC will take care of repayments .
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agent69
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Post by agent69 on Dec 2, 2016 18:52:04 GMT
Ticked others in the absence of 'high street bank account'
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ashtondav
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Post by ashtondav on Dec 3, 2016 9:28:50 GMT
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Post by Deleted on Dec 7, 2016 12:05:39 GMT
Looks like Moneything is the most popular place to move to, heard though that it's difficult to get funds invested.
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elliotn
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Post by elliotn on Dec 9, 2016 5:54:26 GMT
Looks like Moneything is the most popular place to move to, heard though that it's difficult to get funds invested. Chunk of their flagship M Hall loan under Pending Loans without limit going live at 4pm could be ideal place to start.
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Post by GSV3MIaC on Dec 9, 2016 10:24:29 GMT
Or if you miss the boat with that, some more will be along shortly (what with multiple tranches, and repurchase/release from the introducer/agent, that one is practically a 'tap stock'). I would have expected liquidity to be an issue, but so far it has not.
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Post by buggerthebanks on Jan 1, 2017 22:01:23 GMT
Gold.
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Post by pepperpot on Jan 2, 2017 0:14:04 GMT
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Post by buggerthebanks on Jan 5, 2017 10:30:33 GMT
It's an insurance policy, rather than an investment.
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Post by yorkman on Jan 7, 2017 10:32:58 GMT
I've finally bitten the bullet and set all my reinvestment to Holding account, from where it will be going into Zopa (+ and Classic, balanced roughly 50/50). It's got too much like hard work trying to squeeze the extra .1% from RS on each reinvestment. I'll review the situation when the ridiculous low rates (even in present climate) offered show some improvement.
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Post by Financial Thing on Jan 9, 2017 18:56:00 GMT
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Post by ruralres66 on Jan 25, 2017 16:07:46 GMT
heads up on current trends.....Zopa reduces Lending rate update
Dear B
Since I last wrote to you about our lending rates, the personal loans market has become even more competitive. Nine of our competitors have dropped their rates by an average of 0.35% since the beginning of December, and we anticipate that these market conditions will remain in the coming months.
As our rates reflect the wider loans market, we’ve decided to adjust the target returns for each of our products. From 31 January the headline rates will be: Tick Access: 2.9% Tick Classic: 3.7% Tick Plus: 6.1%
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gg
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Post by gg on Jan 31, 2017 20:38:50 GMT
I much prefer RS to Zopa despite having been a Zopa investor for many years.
i don't find it too tiresome to manage the account.
i have looked at MT only briefly. On first impressions, I don't like it but will look in more detail as time allows. I like the PF that RS provide.
GG
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ashtondav
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Post by ashtondav on Jan 31, 2017 21:14:29 GMT
Many here think the PF is barely covering bad debt. Zopa has a better model - including not going into melt down if bad debt exceeds expectations.
i'm with both. But 70% Z, 30% RS.
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robski
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Post by robski on Jan 31, 2017 21:28:35 GMT
Many here think the PF is barely covering bad debt. Zopa has a better model - including not going into melt down if bad debt exceeds expectations. i'm with both. But 70% Z, 30% RS. Im knind of the opposite I prefer the flexability of RS vs Zopa. Rs are far more transparent imho and that's often seen as a negative because people can see weaknesses and exaggerate them, eg how much is in the safeguard fund, Ive looked and looked but cant find any info, it could be £5.32
IMHO returns are better on RS with a little effort, but if you want a more deposit and forget about it system then ZOPA for sure.
I prefer the everyone having their interest scaled back under RS if the provision fund is short, compared to a luck of the draw you would get on ZOPA under the same circumstances.
Horses for courses
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