jo
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Post by jo on Oct 14, 2014 9:46:13 GMT
I guess the drop in the 10 year Gilt yield in the past month from 2.6% to 2.2% today is setting the tone - partly offset by a deterioration in credit.
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jo
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Post by jo on Oct 13, 2014 8:19:14 GMT
Me too. My capital introduced plus int received/cashback doesn't compute with Total Investment. Will PM
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jo
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Post by jo on Oct 11, 2014 9:50:57 GMT
I'm assuming that the Total Investment on my Mini Statement (which I use to calculate XIRR) will adjust lower in the not too distant. Aforementioned XIRR jumped ~3% overnight which is (surely) incorrect.
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jo
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Post by jo on Oct 10, 2014 15:28:52 GMT
Chris said: Feedback from the handful of lenders who have seen the new site has been universally positive Ratesetter said "the vast majority" liked its redesign but it is horrible. We will soon find out if the brand boys have similarly deluded Assetz' management team..... Jack P It's beyond horrible, it's idiotic, learn plz AC
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jo
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Post by jo on Oct 10, 2014 10:06:03 GMT
I'm a bit behind the curve on current AC 'things' .
Anyone know if the Mini Statement on the My Account page could be wrong?
Only noticed because my 'Total Investment' jumped overnight 8th/9th without any noticeable cashflows on my statement.
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jo
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Post by jo on Oct 10, 2014 8:27:55 GMT
Took a while. Also my browser telling me the security of the website unverified.
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jo
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Post by jo on Oct 10, 2014 8:24:41 GMT
Excellent.
The RateSetter website is now a full-on dog's dinner.
Good work.
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jo
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Post by jo on Sept 28, 2014 17:05:45 GMT
I could care less about the style or branding, but when the website (which I access quite often) is a major PITA to navigate to / around, then that becomes an issue. It ain't what it looks like, it's how usable it is .. or right now 'ISN'T'. 8<. I've tried several browsers, I've tried a tablet and a PC, and frankly it SUX on all of them (on the tablet even finding the login button was a challenge), Maybe new users won't notice, maybe it works dandy on an iPhone6 under iOS, but for me it doesn't work well at all. I suspect nobody at RS actually did any usability studies. I wonder if they even grok 'usability' as opposed to 'blingy new look'. I sense: 1) A reluctant acceptance of the original project. 2) Consultants. 3) An overrun on cost - precluding proper user acceptance testing (UAT). 4) An executive/board proclamation 'no additional coding will be permitted; make it work or else'.
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jo
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Post by jo on Sept 27, 2014 11:29:01 GMT
You know when you instinctively know a second-hand car is an old jalopy but the salesman tries to induce a cognitive-bias to proceed anyway?
You do? That.
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jo
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Post by jo on Sept 27, 2014 8:51:17 GMT
Sorry, those brand boys are very proud of the new web site. Unlikely to disappear anytime soon.... Why heck, you should've that earlier - I guess that means it must be. Silly us (the users) for thinking otherwise.
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jo
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Post by jo on Sept 17, 2014 15:06:45 GMT
I understand your reticence,but have you considered asking for Shadow Bid status? At least you then only need to fund your bids when requested by AC,which is generally within a week of drawdown. Where can I read more about this? I've seen it mentioned on these boards but assumed it was primarily for 'playahs'!
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jo
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Post by jo on Sept 17, 2014 14:32:39 GMT
Not a protest or 'owt, but I've decided not to commit any new money to AC until my Accepted Bids awaiting drawdown goes sub '2 months ago'.
As I said, it's not a protest - as I'm glad AC do exhaustive due-diligence - just a bit of housekeeping.
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jo
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Post by jo on Sept 5, 2014 12:33:30 GMT
Yeah, I've got a few "marker" bids in as well, which help me to gauge where to place incoming money, and helpfully alert me by email when a particular rate is matched by a spike. I haven't had any 6.1% matches for a while. Since I'm always trying to shift more than I can actually shift at rates which I feel comfortable with (tying money up for five years, or roughly half of it for 2.5 years), I don't mind keeping some powder dry this way. I can fairly quickly deploy RS indolent bids elsewhere as opportunities arise (mostly in FTSE dogs). I’m not being rude but could you clarify part of the following statement please, “Since I'm always trying to shift more than I can actually shift at rates which I feel comfortable with (tying money up for five years, or roughly half of it for 2.5 years)” I can appreciate the part about trying to shift etc. and tying money up for or five years as I have a similar problem but I cannot get my head round the 2.5 years part.
Perhaps you would be kind enough to illustrate this with a hypothetical example, I would like to place more money with Ratesetter but I’m not entirely comfortable with 6% for 5 years, regardless of BoE comments about 2.5 to 3% being the new norm for base rate.
If I may, this, from answers.com might explain: 'Calculate average loan life of a term loan: It will be different from final maturity, in case this is an amortising loan.In essence, you should be looking at this particular term loan as a series of shorter term loans with different final maturities.So to calculate the average life, you should calculate the average of these multiple maturities weighted by the debt sums (aka debt amortisation sums).- - - - -Say if you have borrowed £100 with semi-annual amortisation over a period of 10 years, £5 is due in 6 months, another £5 in 1 year... another £5 in 9.5 years and the final £5 in 10 years.In Excel use SUMPRODUCT function to multiply an array of maturities (0.5,1,...,9.5,10.0) by an array of debt sums (£5,£5,...,£5,£5). You'll then divide the result over the total amount (£100). The result should be 5.25 years.This is a reflection of the fact that your liability decreases over time.'
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jo
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Post by jo on Sept 1, 2014 14:26:41 GMT
1/9 update 5.02% (from 3.6% on 1/7).
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jo
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Post by jo on Aug 29, 2014 15:46:58 GMT
Looks like 5yr @ 6% is a comfortable level for now. Pretty steady all month with only very minor blips.
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