loadsahope
Member of DD Central
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Post by loadsahope on Feb 25, 2018 12:54:03 GMT
This month it has usually been two days - not too bad. Wish rates were higher, but they are not too bad. Hopefully they will tick up a point or two, but even if they don't they are consistently better than anything else I have seen for a monthly rolling rate with risk distributed across all investors. One in a while RS rolling goes higher, but I'm sure it is a lot worse on average.
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benaj
Member of DD Central
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Post by benaj on Feb 26, 2018 12:20:31 GMT
Dec '17 was the worst month for my @ growth street, lost 8 days of interest.
However, I have changed my viewabout GS. Expect more days of losing interest like 5 days per month, and hope they over deliver instead.
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liso
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Post by liso on Feb 26, 2018 13:33:15 GMT
I had 1.5K repaid today and re-invested immediately this morning. Very good.
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Post by richarda on Feb 28, 2018 8:56:42 GMT
So, my repaid loans are now being lent out immediately (every day this week). Last week, most were being lent later the same day. Does that mean GS are now short of funds?
The rates could go up to attract more lenders, but this is where Growth Street fails - there is no real market mechanism that would move the rates up and down in response to demand. Previously, before November (or whenever they abolished the priority rate), we saw how the rate could drop in response to increasing supply. The mechanism wasn't great, though. Now we have to rely on GS to set the rate, both up or down.
Perhaps GS will increase the rate in response to latest demand? Anyone from GS care to comment?
R.
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loadsahope
Member of DD Central
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Post by loadsahope on Feb 28, 2018 19:57:48 GMT
Noticed an announcement today: In the past 30 days, an average of 97% of investors’ money has been deployed on the platform and our investors experienced an average waiting time of just 19 hours
and they are encouraging people to deposit more funds.
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Post by Companion Cube on Apr 11, 2018 20:43:56 GMT
Hi everyone, I'm already invested in several platforms and have recently dipped into Growth Street. I deposited some funds 3 days ago at the market rate (5.3) and it is currently still not invested. I can't seem to find where I can view any investment queue size info (like on ratesetter) in order to decide whether to drop my asking rate or stick it out. Can anyone tell me if the market rate is not realistic, should I go lower? and by how much? I am only really interested in monthly loans at the moment.
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Post by bobthebuilder on Apr 11, 2018 20:53:43 GMT
Hi everyone, I'm already invested in several platforms and have recently dipped into Growth Street. I deposited some funds 3 days ago at the market rate (5.3) and it is currently still not invested. I can't seem to find where I can view any investment queue size info (like on ratesetter) in order to decide whether to drop my asking rate or stick it out. Can anyone tell me if the market rate is not realistic, should I go lower? and by how much? I am only really interested in monthly loans at the moment. You can only lend at market rate (thank heavens!). You used to be able to undercut market rate by 0.1%, but because everyone did so it resulted in MR falling by 0.1% every two weeks until no one was interested in investing. So GS finally made the sensible and much overdue decision to freeze the rate at 5.3%. Re monthly loans, they're the only loans available.
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Post by Companion Cube on Apr 11, 2018 20:59:13 GMT
Hi everyone, I'm already invested in several platforms and have recently dipped into Growth Street. I deposited some funds 3 days ago at the market rate (5.3) and it is currently still not invested. I can't seem to find where I can view any investment queue size info (like on ratesetter) in order to decide whether to drop my asking rate or stick it out. Can anyone tell me if the market rate is not realistic, should I go lower? and by how much? I am only really interested in monthly loans at the moment. You can only lend at market rate (thank heavens!). You used to be able to undercut market rate by 0.1%, but because everyone did so it resulted in MR falling by 0.1% every two weeks until no one was interested in investing. So GS finally made the sensible and much overdue decision to freeze the rate at 5.3%. Re monthly loans, they're the only loans available. Thanks Bob. I must say, I am pleased to learn that the rate is fixed for the reasons you say and also because I am not prepared to spend any more admin time managing loans and competing. I will just wait it out a while longer.
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Post by df on Apr 11, 2018 21:04:48 GMT
Hi everyone, I'm already invested in several platforms and have recently dipped into Growth Street. I deposited some funds 3 days ago at the market rate (5.3) and it is currently still not invested. I can't seem to find where I can view any investment queue size info (like on ratesetter) in order to decide whether to drop my asking rate or stick it out. Can anyone tell me if the market rate is not realistic, should I go lower? and by how much? I am only really interested in monthly loans at the moment. You can't see investment queue or choose your own rate on GS. Different from RS. 3 days sounds long, my funds get invested within 48 hours (mostly next day after placing the order), and it has been consistent since GS stopped offering two rates to lenders.
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liso
Member of DD Central
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Post by liso on Apr 11, 2018 21:21:26 GMT
Hi everyone, I'm already invested in several platforms and have recently dipped into Growth Street. I deposited some funds 3 days ago at the market rate (5.3) and it is currently still not invested. I can't seem to find where I can view any investment queue size info (like on ratesetter) in order to decide whether to drop my asking rate or stick it out. Can anyone tell me if the market rate is not realistic, should I go lower? and by how much? I am only really interested in monthly loans at the moment. I made a deposit 3 days ago and it was lent within 24 hours, so I'm wondering, have you actually created an order to lend? When you deposit money it goes into a holding account and from there you need to make a lend order. My apologies if I'm telling you something you already know! ☺
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alender
Member of DD Central
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Post by alender on Apr 12, 2018 10:35:39 GMT
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Post by Companion Cube on Apr 12, 2018 11:06:04 GMT
Hi everyone, I'm already invested in several platforms and have recently dipped into Growth Street. I deposited some funds 3 days ago at the market rate (5.3) and it is currently still not invested. I can't seem to find where I can view any investment queue size info (like on ratesetter) in order to decide whether to drop my asking rate or stick it out. Can anyone tell me if the market rate is not realistic, should I go lower? and by how much? I am only really interested in monthly loans at the moment. I made a deposit 3 days ago and it was lent within 24 hours, so I'm wondering, have you actually created an order to lend? When you deposit money it goes into a holding account and from there you need to make a lend order. My apologies if I'm telling you something you already know! ☺
Yeah I have created a lend order (thanks for checking). I'm now wondering if it shows a proportion being lent, which would be an encouraging indicator, or only updates when the whole amount has been lent.
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Post by Companion Cube on Apr 12, 2018 11:09:11 GMT
I made a deposit 3 days ago and it was lent within 24 hours, so I'm wondering, have you actually created an order to lend? When you deposit money it goes into a holding account and from there you need to make a lend order. My apologies if I'm telling you something you already know! ☺
Yeah I have created a lend order (thanks for checking). I'm now wondering if it shows a proportion being lent, which would be an encouraging indicator, or only updates when the whole amount has been lent.
Oh hang on. I just logged in and it's starting being allocated. Marvellous!
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Post by Companion Cube on Apr 12, 2018 11:11:22 GMT
Thanks everyone for your replies.
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benaj
Member of DD Central
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Post by benaj on Apr 16, 2018 13:49:59 GMT
16/04/2018 Current Time to match: 5 days
Back to cash drag mode. Unmatched loan queue: £1.1m
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