adrianc
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Post by adrianc on Jun 27, 2017 14:18:06 GMT
Some I will recirculate in RS Rolling for a little while, just to see what happens The rolling market has dipped below the minimum rate I'll invest in it.
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ceejay
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Post by ceejay on Jun 27, 2017 17:41:29 GMT
Some I will recirculate in RS Rolling for a little while, just to see what happens The rolling market has dipped below the minimum rate I'll invest in it. Would you care to share what that minimum rate might be? In the absence of anywhere better to put it, I will reluctantly accept 2.8% at the moment, which it seems to be possible to get on Rolling most of the time. Others here have pointed out that 3.0 may well be available. Not brilliant, but better than a cash return. Worth noting, if one is considering dabbling in the rolling market, that a very small number of days out of the market will wipe out the advantage of getting a couple of extra tenths of a percentage point of interest.
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adrianc
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Post by adrianc on Jun 27, 2017 18:04:01 GMT
The rolling market has dipped below the minimum rate I'll invest in it. Would you care to share what that minimum rate might be? In the absence of anywhere better to put it, I will reluctantly accept 2.8% at the moment, which it seems to be possible to get on Rolling most of the time. Others here have pointed out that 3.0 may well be available. Not brilliant, but better than a cash return. 3.0's my bottom end for the rolling. Yes, I know. But if you go below your line by 0.1%, then another 0.1%, then... and the next thing you know, you're happy because you've just dipped above that 1.0% line for the first time in a while...
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Post by investor1925 on Jun 28, 2017 11:36:15 GMT
Sadly there is £2.6 million in borrowers offers today, and £3.5 million in 2.8% & below, £21.6 million in total in lender offers.
Getting 3% will be impossible this week.
I'm just pulling mine out & putting it into Assetz at 3.75% in the QAA account until things pick up here, leaving some small amount in just for diversity.
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angrysaveruk
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Back and to the left..
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Post by angrysaveruk on Jun 28, 2017 13:36:12 GMT
Sadly there is £2.6 million in borrowers offers today, and £3.5 million in 2.8% & below, £21.6 million in total in lender offers. Getting 3% will be impossible this week. I'm just pulling mine out & putting it into Assetz at 3.75% in the QAA account until things pick up here, leaving some small amount in just for diversity. At these levels Rate Setter is not worth the risk in my opinion.
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jlend
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Post by jlend on Jun 28, 2017 14:10:13 GMT
I've been happily putting money in Ratesetter since the very early days in 2010. It was my first P2P investment. I think it was a lot more risky back then when there were just a few lenders and an untested provision fund model with perhaps an optimistic coverage ratio at times :-)
For me the rates have just dropped too low now - whatever the strength or otherwise of the provision fund which has held up over the last 7+ years - past performance being no guarantee of course...
I still have a large amount in the 5 year market at 6.3% that is running down each month unless rates pick up.
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alender
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Post by alender on Jun 28, 2017 14:42:26 GMT
IMO RS rates are well below the Risk/Reward ratio for investment. I am pulling out all funds when repaid and putting into AC, Landbay and Growth Street short term accounts although Growth Street is not worth it at present as there is too much money so funds are not being lent out for a time losing interest. All of these have provision funds which seem to be in a healthier state than RS's PF but as PF information is not easy to compare it is difficult to really know, also no early repayments which happens at lot at RS if you are manage to get a good rate.
Also bought some shares in my ISA, P2P Global (yields 5.5%) and Ranger Direst Lending (yields 11%) investments trusts which specialise in P2P type lending, both are trading at a discount.
As the Fed is raising rates, a number of member of the BOE Monetary Policy Committee are voting for a rate rise and political uncertainty I am reluctant to commit to any long term investments.
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mary
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Post by mary on Jun 29, 2017 8:46:57 GMT
IMO RS rates are well below the Risk/Reward ratio for investment. I am pulling out all funds when repaid and putting into AC, Landbay and Growth Street short term accounts although Growth Street is not worth it at present as there is too much money so funds are not being lent out for a time losing interest. All of these have provision funds which seem to be in a healthier state than RS's PF but as PF information is not easy to compare it is difficult to really know, also no early repayments which happens at lot at RS if you are manage to get a good rate. Also bought some shares in my ISA, P2P Global (yields 5.5%) and Ranger Direst Lending (yields 11%) investments trusts which specialise in P2P type lending, both are trading at a discount. As the Fed is raising rates, a number of member of the BOE Monetary Policy Committee are voting for a rate rise and political uncertainty I am reluctant to commit to any long term investments. £30m of free cash waiting to matched today - less than £5m of demand - means rates are only going down again. I'm still removing all maturing contracts.
Similarly my money is going into RDL (at an all time low today due to Invesco selling a small amount of their stake) and yielding over 12% and today is last day to catch the dividend paying in July which gives you a return of over 3% if you hold for a day!
For platforms I'm going into Archover - 12 months at 7% with insurance to protect you, or 24 months at 8.5%, security but no insurance.
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Post by investor1925 on Jun 29, 2017 9:45:52 GMT
My £100 welcome bonus arrived this morning, and was invested on the rolling market by RS for me at 2.4%.
Considering I get 3% on my bank's current account, with full protection, you can guess what will happen to that £100 in 1 month
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adrianc
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Post by adrianc on Jun 29, 2017 11:34:35 GMT
My £100 welcome bonus arrived this morning, and was invested on the rolling market by RS for me at 2.4%. Considering I get 3% on my bank's current account, with full protection, you can guess what will happen to that £100 in 1 month It's on the rolling... You don't need to wait a month.
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Post by davee39 on Jun 29, 2017 12:43:01 GMT
IMO RS rates are well below the Risk/Reward ratio for investment. I am pulling out all funds when repaid and putting into AC, Landbay and Growth Street short term accounts although Growth Street is not worth it at present as there is too much money so funds are not being lent out for a time losing interest. All of these have provision funds which seem to be in a healthier state than RS's PF but as PF information is not easy to compare it is difficult to really know, also no early repayments which happens at lot at RS if you are manage to get a good rate. Also bought some shares in my ISA, P2P Global (yields 5.5%) and Ranger Direst Lending (yields 11%) investments trusts which specialise in P2P type lending, both are trading at a discount. As the Fed is raising rates, a number of member of the BOE Monetary Policy Committee are voting for a rate rise and political uncertainty I am reluctant to commit to any long term investments. £30m of free cash waiting to matched today - less than £5m of demand - means rates are only going down again. I'm still removing all maturing contracts.
Similarly my money is going into RDL (at an all time low today due to Invesco selling a small amount of their stake) and yielding over 12% and today is last day to catch the dividend paying in July which gives you a return of over 3% if you hold for a day!
For platforms I'm going into Archover - 12 months at 7% with insurance to protect you, or 24 months at 8.5%, security but no insurance.
Re RDL Yesterday was the last day to snag the dividend (just under 27p), I bought £4k at 852 . Today the shares trade without the dividend and have fallen by, yes, about 27p, which is normal. Unless there are any more surprises these still look to be undervalued even if the Princeton Investment (In Bankruptcy Protection) is a total loss. With holdings in Ranger, P2P Global and VPC I now have a monthly income stream since these trusts pay in consecutive months.
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Post by GSV3MIaC on Jun 29, 2017 13:56:14 GMT
Is that really 'Ranger Direst lending' or izzat a typo for 'direct'??
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macq
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Post by macq on Jun 29, 2017 21:32:45 GMT
£30m of free cash waiting to matched today - less than £5m of demand - means rates are only going down again. I'm still removing all maturing contracts.
Similarly my money is going into RDL (at an all time low today due to Invesco selling a small amount of their stake) and yielding over 12% and today is last day to catch the dividend paying in July which gives you a return of over 3% if you hold for a day!
For platforms I'm going into Archover - 12 months at 7% with insurance to protect you, or 24 months at 8.5%, security but no insurance.
Re RDL Yesterday was the last day to snag the dividend (just under 27p), I bought £4k at 852 . Today the shares trade without the dividend and have fallen by, yes, about 27p, which is normal. Unless there are any more surprises these still look to be undervalued even if the Princeton Investment (In Bankruptcy Protection) is a total loss. With holdings in Ranger, P2P Global and VPC I now have a monthly income stream since these trusts pay in consecutive months. Should perhaps mention for people who don't do investment trusts that "the last day to snag the dividend" is for the ex dividend date today and date of record tomorrow with payment end of next month before they start looking for their divi over the weekend on their new shares Hopefully as they are new funds and one's for the future hopefully the price will go back up as they have had a rough year or Two.
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Post by BrianC on Jun 29, 2017 23:42:38 GMT
Re RDL
My advice FWIW would be to steer well clear! Shocking past performance. Dividend is good but pointless when the SP is performing so poorly. Looks very risky! DYO Research but Avoid IMHO. This is a thread about moaning about RS low rates not offering risky share tips in the hope the SP might recover if enough people jump in.
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macq
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Post by macq on Jun 30, 2017 6:08:53 GMT
Re RDL My advice FWIW would be to steer well clear! Shocking past performance. Dividend is good but pointless when the SP is performing so poorly. Looks very risky! DYO Research but Avoid IMHO. This is a thread about moaning about RS low rates not offering risky share tips in the hope the SP might recover if enough people jump in. Would agree which is why i pointed out a couple of things about the trust's and also many people in RS have gone in seeing it as a less risky investment so would not be the ideal place for them.On the other hand with RS rates dropping slowly part of the moaning will be to suggest other things(but should maybe more comparable)
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