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Post by kazamx on Jul 13, 2017 20:26:45 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.
I have just joined Archover and got 6.75% for 9 months. Have you looked at WiseAlpha? Returns of up to 8% on Senior Secured Bonds in household name companies. It deffo has its risks but may be worth a look. Fees are 1% per year. 0.25% to sell the bond before maturity. Official site www.wisealpha.comCommunity Site www.reddit.com/r/WiseAlpha/The last 2 bonds to go up were: 
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Nomad
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Post by Nomad on Jul 13, 2017 21:13:41 GMT
IMO RS rates are well below the Risk/Reward ratio for investment..... £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.
What is RDL please?
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Post by dan1 on Jul 13, 2017 21:28:20 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.
What is RDL please? Ranger Direct Lending
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am
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Post by am on Jul 14, 2017 2:24:05 GMT
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!
The expectation is that the share price will be over 3% the next day. That is whenever a stock goes ex-dividend the price falls by the value of the dividend (plus or minus prices changes for other reasons). You also have to pay stamp duty (0.5%), market spread (1%) and dealing charges. So, although the share price only fell by ~2.5% on the day, anyone who held for a day would have had a negative return. I make no comment on the wisdom of investing in RDL for longer timescales; I would have to investigate the company further before I could draw any conclusions.
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mary
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Post by mary on Jul 14, 2017 6:53:38 GMT
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!
The expectation is that the share price will be over 3% the next day. That is whenever a stock goes ex-dividend the price falls by the value of the dividend (plus or minus prices changes for other reasons). You also have to pay stamp duty (0.5%), market spread (1%) and dealing charges. So, although the share price only fell by ~2.5% on the day, anyone who held for a day would have had a negative return. I make no comment on the wisdom of investing in RDL for longer timescales; I would have to investigate the company further before I could draw any conclusions. RDL, P2PGlobal, etc are a part of my diversified portfolio, but are on the riskier side. For 12 month lending I'm preferring ArchOver for 6-8% returns, which do not need to be managed. I tried Growth Street but the rates keep dropping and cash drag has further reduced returns.
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puddleduck
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Post by puddleduck on Jul 14, 2017 7:20:15 GMT
The expectation is that the share price will be over 3% the next day. That is whenever a stock goes ex-dividend the price falls by the value of the dividend (plus or minus prices changes for other reasons). You also have to pay stamp duty (0.5%), market spread (1%) and dealing charges. So, although the share price only fell by ~2.5% on the day, anyone who held for a day would have had a negative return. I make no comment on the wisdom of investing in RDL for longer timescales; I would have to investigate the company further before I could draw any conclusions. RDL, P2PGlobal, etc are a part of my diversified portfolio, but are on the riskier side. For 12 month lending I'm preferring ArchOver for 6-8% returns, which do not need to be managed. I tried Growth Street but the rates keep dropping and cash drag has further reduced returns. I like FCIF, RDL and P2PGlobal as well, really as a way of getting P2P into an ISA wrapper (and I have some in my HL SIPP too) I don't like the look of most of the P2P lenders offering ISAs at the moment. I registered with Archover, but there seems to be very few loans and £1,000 is a high barrier to entry - not much scope for diversification. A few of the loans seem to be re-financing previous loans, or 'kicking the can down the road' as I like to call it. I am using Wisealpha and I got in for the 8% 1 year bonds issued back in February - I feel in many ways this is less risky than lending to small SMEs and the rates seem pretty good. Ratesetter rates are dire - I put in 1k last year for the welcome bonus - with rates so poor I see little incentive to put more money in and may well exit in about 1 month when the £1,000 bonus is payable.
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elsee
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Retired:D
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Post by elsee on Jul 22, 2017 15:27:19 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.
And today 7.4m
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Post by closetotheedge on Jul 22, 2017 15:34:34 GMT
My golden rule of investing. Put my money somewhere I am likely to get it back from. Do not chase rates around at the expense of security. I have been with RS for 5 years and they have always repaid me. FC has not, Zopa has not. The last 5 years have shown that there are period of lower rates and also periods of higher rates. It is a marathon not a sprint.
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mary
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Post by mary on Jul 22, 2017 17:55:46 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.
And today 7.4m And rates are starting to rise. I have been happy, generally, with RS as a part of my portfolio, reducing as loans mature when the 1 year is below inflation +1%. If it gets back there then I may restart rolling over rather than removing my money as the platform does not need managing when supply and demand are better in line.
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elsee
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Retired:D
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Post by elsee on Jul 22, 2017 18:09:04 GMT
Yes, I like them too. Their model is very good, amortizing loans are so much better for the investor. Now a lot of money has disappeared I'll be watching the rates with a view to re-investing my repayments rather than using auto-withdraw as I am at the moment.
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m2btj
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Post by m2btj on Jul 24, 2017 7:16:23 GMT
It should be possible to get 3.5% in the Rolling Market this morning. One & three year rates still a little flat but let's hope this is the start of a market upturn following months of low rates. Last week's announcement may have reduced the amount of cash chasing too few loans.
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Post by newlender on Jul 24, 2017 7:26:59 GMT
Is there any way of finding out how many people took up the offer to sell out for free or how much cash is involved? I've been waiting for weeks to re-invest from Holding and it looks as if this week might be the time. I want 5% on 5 year (at least) and 3.5% on 1 year.
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Post by investor1925 on Jul 24, 2017 16:35:21 GMT
It should be possible to get 3.5% in the Rolling Market this morning. One & three year rates still a little flat but let's hope this is the start of a market upturn following months of low rates. Last week's announcement may have reduced the amount of cash chasing too few loans. Definitly has, there's only £1 million on rolling now & less than £5 million across the 3 markets.
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Post by BrianC on Jul 24, 2017 19:30:37 GMT
The rolling rate just now was 3.4. I offered some money at 3.5 and I had an email confirming my loan was matched in less than a minute. I'd expect a little higher in the coming days too.
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oldgrumpy
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Post by oldgrumpy on Jul 24, 2017 20:19:04 GMT
I claimed my 3.5% this morning on the roller-coaster. I think tomorrow 3.7%-3.9% is probable. Just check the offer figures on both sides, and plump for the highest lender rate (minus 0.1%) needed from available offers to fulfil the "borrower offers" (= RS offer).
edit: Tuesday, just seen this morning's figures and dumped my £63 repayment into 4.8%, though the sweep with that £1.3m "borrower's" could go higher even with this morning's deposits.
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