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Post by df on Dec 1, 2017 20:54:12 GMT
Is this a campaign to keep investors who signed up for the previous bonus as the anniversary is approaching? I don't mind topping up for a small reward, but if everyone does it, will it simply contribute to increasing cash drag and continuing interest rate drop?
There was a "good news" e-mail this morning. It comes in tune with my November reinvestment was matched on the same day. One single rate model is also promising, but isn't it too quick to encourage more lending at this stage?
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stevio
Member of DD Central
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Post by stevio on Dec 1, 2017 22:04:40 GMT
Is this a campaign to keep investors who signed up for the previous bonus as the anniversary is approaching? I don't mind topping up for a small reward, but if everyone does it, will it simply contribute to increasing cash drag and continuing interest rate drop? There was a "good news" e-mail this morning. It comes in tune with my November reinvestment was matched on the same day. One single rate model is also promising, but isn't it too quick to encourage more lending at this stage? Is there a link to this offer? How is cash drag on the platform? What are the pros/cons to this platform?
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amphoria
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Post by amphoria on Dec 1, 2017 22:16:28 GMT
Is this a campaign to keep investors who signed up for the previous bonus as the anniversary is approaching? I don't mind topping up for a small reward, but if everyone does it, will it simply contribute to increasing cash drag and continuing interest rate drop? There was a "good news" e-mail this morning. It comes in tune with my November reinvestment was matched on the same day. One single rate model is also promising, but isn't it too quick to encourage more lending at this stage? Is there a link to this offer? How is cash drag on the platform? What are the pros/cons to this platform? The offer was sent by email. I can't find any reference to it on the website. The phrasing of the email would suggest that it is for existing investors only, ie. increase your existing investment by 20%. Note that the bonus is 1% of your total investment including the extra 20% not the 20% in the thread title. The cash drag was of the order of 1-3 days until today when it all but disappeared, hence the bonus offer.
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Post by p2plender on Dec 1, 2017 22:55:11 GMT
The cash drag is appalling on this platform.
Looks like they have learned little with this latest campaign. Rates started at 6.5% when I joined, now it is 5.2% but that is with no cash drag which never happens. I reckon I achieve easily below 4%, thus the bulk of my instant return lending is with RS where I'm averaging around 4.5%+. Also RS is instant return, GS is monthly return, though of course much of the time your cash is available as it is usually sat waiting to be lent.
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brianlom1
Member of DD Central
He's not the Messiah, he's a very naughty boy!
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Post by brianlom1 on Dec 1, 2017 23:21:44 GMT
The cash drag is appalling on this platform. Looks like they have learned little with this latest campaign. Rates started at 6.5% when I joined, now it is 5.2% but that is with no cash drag which never happens. I reckon I achieve easily below 4%, thus the bulk of my instant return lending is with RS where I'm averaging around 4.5%+. Also RS is instant return, GS is monthly return, though of course much of the time your cash is available as it is usually sat waiting to be lent. If Growth Street are monitoring this thread, I would prefer to have a proper market (with instant lending possible at the marginal rate) rather than an artificial RoI and a queue of up to £600K
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ding
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Post by ding on Dec 2, 2017 9:39:55 GMT
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Post by df on Dec 2, 2017 10:55:38 GMT
I'd imagine the e-mails are sent to all lenders. I receive all of them. Could they possibly be in your junk/spam folder?
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mary
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Post by mary on Dec 2, 2017 14:07:21 GMT
Definitely did not get that email. Very surprised by the offer, as Lenders cash outweighs Borrower demand by £2.5m, which is more than 25%! See www.growthstreet.co.uk/investing/statistics I do not understand the business rationale. |
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amphoria
Member of DD Central
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Post by amphoria on Dec 2, 2017 15:43:22 GMT
Definitely did not get that email. Very surprised by the offer, as Lenders cash outweighs Borrower demand by £2.5m, which is more than 25%! See www.growthstreet.co.uk/investing/statistics I do not understand the business rationale. Something changed around 1st Dec and the borrower total has gone up by £2m. See www.growthstreet.co.uk/lend-order-statistics for the latest borrower total. A few more offers have appeared since they launched the 20% bonus.
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treeman
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Post by treeman on Dec 2, 2017 16:02:31 GMT
No email here either though I got the one about rates a few days ago ........  Don't think the 1% for another year commitment will persuade my wallet to open ..... |
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kaya
Member of DD Central
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Post by kaya on Dec 2, 2017 16:30:24 GMT
Agreed, 1% is not enough (around 5% + extra 1% still leaves rates lower than the 6.5% we started out with)'
But a 20% bonus, as the thread title mischeavously suggests, would certainly get some real attention.
(and I know that long word above is spelt wrongly, but what use are spell checkers if they (most annoyingly) do not tell you what the correct spelling is!
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Post by dan1 on Dec 2, 2017 22:24:23 GMT
Anyone have a view as to whether the bonus is taxable?
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Post by nesako on Dec 3, 2017 16:49:46 GMT
Anyone have a view as to whether the bonus is taxable? Depends how it will be shown on the account... normally it would not be taxed because this bonus is to attact your interest to invest (just like joining bonus). But if they stick it on your total interest earnings without separating it, then it would mix all things up!
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Post by df on Dec 4, 2017 12:22:15 GMT
No email here either though I got the one about rates a few days ago ........ Don't think the 1% for another year commitment will persuade my wallet to open ..... I've received this one on 1st Dec. Don't understand why others didn't get it? 1% is very little, but I don't see it as a commitment. You can still withdraw before 15th Dec 2018, all you will loose is that little bonus. I went for it. Funds were invested next day after deposit. I'll wait until May (anniversary for receiving my sign-up bonus). After that, if rates fall below RS rolling I will withdraw.
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treeman
Member of DD Central
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Post by treeman on Dec 4, 2017 12:39:20 GMT
No email here either though I got the one about rates a few days ago ........ Don't think the 1% for another year commitment will persuade my wallet to open ..... I've received this one on 1st Dec. Don't understand why others didn't get it? 1% is very little, but I don't see it as a commitment. You can still withdraw before 15th Dec 2018, all you will loose is that little bonus. I went for it. Funds were invested next day after deposit. I'll wait until May (anniversary for receiving my sign-up bonus). After that, if rates fall below RS rolling I will withdraw. What address was the bonus email from? The rates etc one was from greg@gs and I've had others from support@gs and freddie. Wondering if the bonus one came from a different sender?
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