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Post by GSV3MIaC on May 30, 2017 14:44:16 GMT
Mod baiting is also a dangerous sport. 8>. Especially if any of them have 'reinvest at market rate' turned on (which I sincerely doubt).
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Post by yorkshireman on May 30, 2017 15:23:09 GMT
Mod baiting is also a dangerous sport. 8>. Especially if any of them have 'reinvest at market rate' turned on (which I sincerely doubt). I've no need to worry then have I?
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Post by elephantrosie on May 30, 2017 18:38:16 GMT
i guess the main reasons for investors to stay with RS are
- easy drawdown on the rolling contract - waiting for bigger opportunities - too much cash - filled up all high paying bank accounts and have no wish to get into fixed deposit savings, etc - bonus scheme
aLSO RS and Zopa are arguably the safest two p2p platforms. you may argue other platforms are offering 15% rate, but they come with few times higher risk than RS
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Post by ruralres66 on May 30, 2017 19:56:59 GMT
That will teach me to read comments literally!!!!!! I can see you have a similar humour in these uncertain times.........
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Post by keyboardworrier on May 30, 2017 20:35:21 GMT
My aim for the monthly market is 3% which I achieve quite easily. We would all like better rates but I see RS as one of the safer options so taking less is worth it IMO. I dread to think how rates will be when they become ISA eligible, though...
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Post by ruralres66 on May 31, 2017 9:20:30 GMT
Like you, I have opted for rolling with a baseline 3% which, to date has been achievable since it's introduction. Sometimes we get a little more.
Overall, I am averaging 4%-4.2% with the "legacy amounts" in 3 and 1 year ( about 65% of my lending with RS) on significant chunk of savings which I do not need access to atm.
I did not take up the "sell out option" offered in March by RS for 1,3 and 5 year- fee free. I decided to sit it out and all monies will transfer to Rolling as and when.
So, 1 Year - 4.1% and 3 Year Income -5.3% - I would have to have an enormous lump sum in FCA protected "traditional" savings accounts to generate the income from my RS. With inflation and prices rising in the economy, that is tantamount to playing the banks to "look after" my money, with the reduction of and loss of the capital amount as well!
I resent playing this game with institutions who got us in this mess in the first place!
( I had/have what are now Lloyd's shares - which we were given on the back of a mortgage in eon's past! 600p share in 2008 and previous, now 60p!
But, "We still characterise Lloyds as a "no growth" story – contrary to management guidance, we still model net shrinkage of its mortgage book – but its dividend-paying capacity primarily increases courtesy of (our expectation of) substantially lower net negative exceptional items," explains Gordon. He still sees Lloyds as "fundamentally attractive", ( I don't!!)...given a price/tangible net asset value (P/TNAV) of 1.1 times for 2018/19, for return on tangible earnings (ROTE) of about 11%, with a prospective dividend yield of 7.5 and 7.3% for next year and 2019, respectively.Lloyds remains Investec's preferred large-cap UK bank, rated a 'buy' with 74p price target
So, like you, I will stick with RS and in fact would rather lose out with them than the tradition svings institution.
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Post by yorkshireman on May 31, 2017 12:59:09 GMT
Mod baiting is also a dangerous sport. 8>. Is that the modern form of bull baiting? Readers interpret that as you see fit.
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Post by befuddled on Jun 8, 2017 12:22:22 GMT
Am I missing something, or is this the Ratersetter "ignorance" being discussed.....
Why would anyone tie up money for 2% for a year when you can get 3% on the Rolling monthly contract by tweaking the settings...
Are they just benefiting from user lethargy - which in my experience all companies do to a certain degree and is a legitimate tax on the lazy!
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dandy
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Post by dandy on Jun 8, 2017 13:16:41 GMT
well the way things are going rolling could easily be 1.0% soon - so some smart cookies are locking in the full 2% for a whole year
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adrianc
Member of DD Central
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Post by adrianc on Jun 8, 2017 13:41:05 GMT
well the way things are going rolling could easily be 1.0% soon Cobblers. 3.0% is matching within a day, tops, at the moment. Not exactly startlingly great, sure, but certainly a LOT better than doom-mongering over 1.0%.
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dandy
Posts: 427
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Post by dandy on Jun 8, 2017 13:53:16 GMT
well the way things are going rolling could easily be 1.0% soon Cobblers. 3.0% is matching within a day, tops, at the moment. Not exactly startlingly great, sure, but certainly a LOT better than doom-mongering over 1.0%. Oh, and I dont think they are smart cookies either .................
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jlend
Member of DD Central
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Post by jlend on Jun 8, 2017 15:26:19 GMT
Cobblers. 3.0% is matching within a day, tops, at the moment. Not exactly startlingly great, sure, but certainly a LOT better than doom-mongering over 1.0%. Oh, and I dont think they are smart cookies either ................. I've been with ratesetter since 2010 so I've been one of those on and off for the last 7 years...
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ding
Member of DD Central
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Post by ding on Jun 8, 2017 16:07:35 GMT
On the rolling I had reinvest at 4%. Then logged in and saw money sitting on the market - (they benefit for not having email alerts). So I changed it to reinvest 3.5% Some weeks later.. On the rolling I had reinvest at 3.5%. Then logged in and saw money sitting on the market - (they benefit for not having email alerts). So I changed it to reinvest 3.0%
So where does it go next...
I've maxed out the higher paying bank accounts. So I will continue to invest in stocks and P2P. P2P includes RS and an increasing number of platforms.
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09dolphin
Member of DD Central
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Post by 09dolphin on Jun 10, 2017 21:19:12 GMT
£27 million looking for a home.
Seems to me that rates will go still lower. Premium bonds give a better rate than RS if you invest the max and the profit is tax free.
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Post by WestonKevTMP on Jun 12, 2017 8:20:44 GMT
Unless there is some statistical freak, it looks like the lowest the rates can go is 2% (Market Rate, excluding manually placed orders). It appears RateSetter have put a floor on the Market Rate calculation;
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