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Post by beeje13 on Oct 4, 2017 9:34:01 GMT
Sometimes the best thing you can do is nothing.
Still good options at the lower risk, lower return end though.
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Post by beeje13 on Oct 4, 2017 9:28:30 GMT
Very very interesting post.
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Post by beeje13 on Oct 2, 2017 14:10:29 GMT
Priority rate loan ended 30th September, matched 1st October.
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Post by beeje13 on Sept 28, 2017 18:31:43 GMT
Today's the first day on my, admittedly fairly short, Unbolted journey that I've not had any new investments ...... Just a £5 one for me. Alot of weeks there is a day I don't get anything though, and I'm opted into both Provision and Gold loans.
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Post by beeje13 on Sept 28, 2017 18:26:34 GMT
I cannot see lender rates being anywhere near 6% again on GS.
Competition in 30 day lending have rates around 4.25% (AC, RS), so GS will tend towards this level long term imo.
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Post by beeje13 on Sept 28, 2017 18:03:18 GMT
Ok, so I did the survey, out of curiosity mainly. The language used is not great, and some questions appear to be asking a different question to what the words actually say. I'm not sure you will get great quality data from this ![:|](//storage.proboards.com/forum/images/smiley/plain.png) .
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Post by beeje13 on Sept 27, 2017 12:41:33 GMT
If you have an order on the market that is yet to be matched, the reinvestment setting rate setting will not change the offer rate of that order. Does this answer your question?
You can however manually change the rates of orders not yet matched. But I don't think this is what you are asking about here.
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Post by beeje13 on Sept 22, 2017 15:14:07 GMT
I like GS too but will monitor investment performance next week to see how much more I need take off the market. All P2P platforms appear to be struggling to bring new loans on. I had an email from LendingWorks today notifying me of an increase in interest rates due to gaining new borrowers. Peaks and troughs I imagine.
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Post by beeje13 on Sept 21, 2017 15:12:59 GMT
Rebs out, Unbolted in.
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Post by beeje13 on Sept 20, 2017 16:17:41 GMT
Also had an email from help@growth.st
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Post by beeje13 on Sept 20, 2017 16:16:49 GMT
Hmmm, just checked my deposit email and it is the same address as you say - so I think it is legit.
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Post by beeje13 on Sept 19, 2017 17:42:33 GMT
Just got the email... It's overdue by a month or two, but at least they are taking action.
Email copied in full:
Dear all,
Since opening our doors to individual investors at the end of last year, over 1,400 investors have opened a Growth Street lending account. More than £10 million is currently being lent through our platform. It’s been fantastic to see the popularity of our offering to investors, but this has had some negative consequences for the lender experience in recent weeks.
An overwhelming volume of people looking to invest in growing businesses has led to an imbalance in lender supply and borrower demand. Substantial growth in our portfolio of borrowing businesses has still been outpaced by new investment from lenders, resulting in falling Market / Priority Rates. This has led to increases in the time it takes for lenders’ money to be matched with borrowers.
Below are a few steps that we have taken - and are taking - to rectify these issues.
Actions we’ve taken
Limited flow of new lenders We’ve stopped marketing our product and offering bonuses to new lenders. We’ll only begin encouraging new lenders to join the platform when lender supply is balanced with borrower demand again.
Increased visibility on time to match (and other statistics) Last month, we released our new Lend Order Statistics page, which shows how much money is currently placed at each rate. It also details average historical times to match, broken down by month. You can find that page here.
Actions we are taking
Introducing rate change notifications We plan to set up rate change notifications in the coming weeks. This means that when our platform rates change, lenders will automatically be notified via email. This should make it easier for you to manage your money on Growth Street.
Increasing portfolio of borrowers Our commercial team is busily expanding the number of businesses that borrow through Growth Street. We have always vetted potential business customers extremely carefully, and this will not change. To date, the majority of our borrower growth has been generated organically through word of mouth and referrals. To complement this and to accelerate growth, we have recently launched new business development channels, which should help reduce times to match for lenders.
What this means for you
While there is an excess of liquidity on the platform, lenders will continue to see longer wait times for money to be matched. You may wish to wait until borrower demand has picked up before increasing the amount you lend on the platform. Rest assured that we will notify all lenders of any future changes to the situation as soon as they occur. In the meantime, please continue to check your dashboard and monthly statements to make sure you’re up to date with the performance of your investment.
Please get in touch if you have any questions, suggestions or feedback. We’re confident that the measures we’re putting into place should help give lenders a better service and experience.
Kind regards,
- the Growth Street team
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Post by beeje13 on Sept 12, 2017 22:09:44 GMT
It's £999 as well apparently...
I take my hat off to Apple as a business and marketing machine. Not interested in their products, although they're perfectly usable of course, just not for me.
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Post by beeje13 on Sept 10, 2017 19:33:05 GMT
I'm confused, as of the 18th of september (2017) all FC is offering is 4.5% "safe" and 7.5% "risky", they still haven't come up with any ISA plans have they, what is the NAV thing ? NAV: Net Asset Value. The actual value of the assets of a share (in this case). As opposed to the share price which is decided by the market.
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Post by beeje13 on Sept 9, 2017 14:56:49 GMT
Bots and traders.
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