mark123
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Post by mark123 on Sept 20, 2018 7:04:05 GMT
So a few cherry picked people went along to a meeting, nobody took notes or minutes and not a critical word was said by anyone ...perhaps next time real people could attend with prepared and sometimes difficult questions, take minutes and name names... That's what should have happened if it had been done professionally. Just for the sake of accurate information (which is why I chose to go): people were self selected, I took notes, critical questions were asked, I am a real investor, I prepared a list of questions which were fully answered, RS took minutes, I took names and it was never presented as a professional event.
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starfished
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Post by starfished on Sept 20, 2018 8:51:31 GMT
I am not a RS cheerleader but wow. And people wonder why firms increasingly do not want to engage. As far as I understand it, RS offered a number of places and only 4 people could be bothered/able to take the offer. Yet somehow those attendees are being besmirched for doing so?! To clarify I did not actually attend (but appreciate those who did).
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Post by supernumerary on Sept 20, 2018 11:02:11 GMT
I have searched through my emails and found NO email from Ratesetter announcing that any Q&A session was imminent or planned.  I am GRATEFUL to those who attended and have posted their thoughts and observations. MUCH appreciated.  RS posted an open invite on this forum p2pindependentforum.com/thread/13206/invitation-session-ratesetterI assume they did this rather than emailing tens of thousands of lenders to target people who read the forum BIG THANKS for posting the link.  I still have the Ratesetter 2014 drinks invite in London logged in my email account, sent Friday, 25th April 2014 at 5:50pm. As well as the emails for drink invitations in Birmingham, sent on Monday, 8th Sept. 2014, at 5:01pm and ALSO on Wednesday, 24th September 2014 at 4pm.  I DIDN’T attend either the London ‘bash’ or the Birmingham ‘bash’, but it is rumoured that FREE Ratesetter mugs were distributed. Heady days indeed!! Jlend, regarding your point, “I assume they did this rather than emailing tens of thousands of lenders to target people who read the forum” Perhaps Ratesetter ONLY had eight mugs left to give out at the London Q&A ‘Bash’?  FURTHER, with regards to these two comments, from two other posters; We discussed whether a shorter period would be just as effective in meeting their aim and RS agreed a shorter period may well be effective and that the 14 day ban may be shortened to a lesser number of days. A shorter period would surely achieve the objective. Imagine yourself in the position of having an existing Rolling investment at 3%, and you notice that the market is currently matching at 4%. Without a ban, there is little to stop you from selling and immediately reinvesting. But ask yourself: how certain am I that in N days time rates will not have dropped back down to 3%, or lower? Given how quickly rates can change, I suspect even a ban of 2 or 3 days (long enough to exceed a weekend) would probably be a enough of a deterrent. At some point LAST NIGHT (Wednesday, 19th September 2018) and/or in the EARLY hours of THIS morning (Thursday, 20th September 2018), the FIVE year rate went to 6.5%.
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wuzimu
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Post by wuzimu on Sept 20, 2018 11:32:01 GMT
I did have a cup of coffee there, didn't think to ask if I could keep the mug. Off my game that day
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ashtondav
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Post by ashtondav on Sept 20, 2018 11:34:25 GMT
So a few cherry picked people went along to a meeting, nobody took notes or minutes and not a critical word was said by anyone, it was simply the land of milk and honey. Oh really? Perhaps next time real people could attend with prepared and sometimes difficult questions, take minutes and name names. That's what should have happened if it had been done professionally. This farce needs to be consigned to the bull propaganda bin ASAP. So why didn’t you go. They didn’t vet for vitriol!
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ashtondav
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Post by ashtondav on Sept 20, 2018 11:36:21 GMT
BIG THANKS for posting the link. I still have the Ratesetter 2014 drinks invite in London logged in my email account, sent Friday, 25th April 2014 at 5:50pm. As well as the emails for drink invitations in Birmingham, sent on Monday, 8th Sept. 2014, at 5:01pm and ALSO on Wednesday, 24th September 2014 at 4pm. I DIDN’T attend either the London ‘bash’ or the Birmingham ‘bash’, but it is rumoured that FREE Ratesetter mugs were distributed. Heady days indeed!! Jlend, regarding your point, “I assume they did this rather than emailing tens of thousands of lenders to target people who read the forum” Perhaps Ratesetter ONLY had eight mugs left to give out at the London Q&A ‘Bash’? FURTHER, with regards to these two comments, from two other posters; A shorter period would surely achieve the objective. Imagine yourself in the position of having an existing Rolling investment at 3%, and you notice that the market is currently matching at 4%. Without a ban, there is little to stop you from selling and immediately reinvesting. But ask yourself: how certain am I that in N days time rates will not have dropped back down to 3%, or lower? Given how quickly rates can change, I suspect even a ban of 2 or 3 days (long enough to exceed a weekend) would probably be a enough of a deterrent. At some point LAST NIGHT (Wednesday, 19th September 2018) and/or in the EARLY hours of THIS morning (Thursday, 20th September 2018), the FIVE year rate went to 6.5%. Yep, I’m quaffing the Bollinger right now. 6.5% plus a PF - screamingly good stuff, RS.
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IFISAcava
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Post by IFISAcava on Sept 20, 2018 11:44:51 GMT
At some point LAST NIGHT (Wednesday, 19th September 2018) and/or in the EARLY hours of THIS morning (Thursday, 20th September 2018), the FIVE year rate went to 6.5%.[/quote]
I was holding out for 6.6...
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star dust
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Post by star dust on Sept 20, 2018 13:04:30 GMT
To those of you who attended, it's great that you got something out of the experience. It's certainly not your job to report back to us and the fact that some of you have taken the trouble to do this anyway, is very generous of you. But please remember, the event was only open to 8 investors, so even if all the seats had been taken, that leaves the rest of us still in the dark. And for those of us not in the vicinity, it would have cost a fair chunk of change to get there in the first place, negating any income from the platform for however long. The suggestion of contacting RS directly may seem obvious but I spoke to them about the changes until I was blue in the face back in May/June and was met with nothing but the company line and and regurgitation of the propaganda delivered in the (you had to know where to look to find it) announcement. Forgive me if I wasn't prepared to be significantly out of pocket, for the opportunity to hear (potentially) more of the same. I am sure if they'd had more than eight wanting to attend they might have thought of running another event, perhaps even in an alternate location. So what did they say when you told them you wanted to attend but were hampered by geography? After all conference calls/ skype etc are all within the realms of technological reality these days.
Personally I welcome the effort that RS went to in engaging with forum members, and thank those that took the time and trouble to go and then additionally report back to fellow members. Of course ultimately RS's motives are one of business and profitability, but as an RS investor I'm glad they are paying attention to that, I have an interest in their long-term survival too.
Although I had no particular desire to attend myself I hope despite the poor take up RS got something out of it and would consider further such efforts. If there is a next time lets see if the negative also engage - although I bet they're not as brave in person.
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lara
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Post by lara on Sept 20, 2018 13:11:46 GMT
To those of you who attended, it's great that you got something out of the experience. It's certainly not your job to report back to us and the fact that some of you have taken the trouble to do this anyway, is very generous of you. But please remember, the event was only open to 8 investors, so even if all the seats had been taken, that leaves the rest of us still in the dark. And for those of us not in the vicinity, it would have cost a fair chunk of change to get there in the first place, negating any income from the platform for however long. The suggestion of contacting RS directly may seem obvious but I spoke to them about the changes until I was blue in the face back in May/June and was met with nothing but the company line and and regurgitation of the propaganda delivered in the (you had to know where to look to find it) announcement. Forgive me if I wasn't prepared to be significantly out of pocket, for the opportunity to hear (potentially) more of the same. So what did they say when you told them you wanted to attend but were hampered by geography? ....
.... If there is a next time lets see if the vitriolic also engage - although I bet they're not as brave in person.
I did not say that. Please do not put words into my mouth. Who specifically are you referring to as vitriolic?
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star dust
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Post by star dust on Sept 20, 2018 14:00:04 GMT
So what did they say when you told them you wanted to attend but were hampered by geography? ....
I did not say that. Please do not put words into my mouth. That was my point. I would hope if there were barriers for willing attendees that RS were made aware of they might have tried to overcome them, but maybe we'll never know.
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lara
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Post by lara on Sept 20, 2018 14:58:01 GMT
I did not say that. Please do not put words into my mouth. That was my point. I would hope if there were barriers for willing attendees that RS were made aware of they might have tried to overcome them, but maybe we'll never know. It was pointed out earlier in this thread by one of the attendees that RS are closely monitoring the forum, in which case they will be well aware. I have made mention more than once!
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ashe
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Post by ashe on Sept 20, 2018 20:09:28 GMT
That was my point. I would hope if there were barriers for willing attendees that RS were made aware of they might have tried to overcome them, but maybe we'll never know. It was pointed out earlier in this thread by one of the attendees that RS are closely monitoring the forum, in which case they will be well aware. I have made mention more than once! They may be, however I'd say if you are genuinely interested, emailing is going to be far more effective. I'm not saying this is the case for you, but it's very easy for someone to post an offhand comment on a forum that indicates more intent than is actually there.
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Post by honda2ner on Sept 20, 2018 21:02:38 GMT
So a few cherry picked people went along to a meeting, nobody took notes or minutes and not a critical word was said by anyone, it was simply the land of milk and honey. Oh really? Perhaps next time real people could attend with prepared and sometimes difficult questions, take minutes and name names. That's what should have happened if it had been done professionally. This farce needs to be consigned to the bull propaganda bin ASAP. So why didn’t you go. They didn’t vet for vitriol! I didn't go as inviting just 8 people was ludicrous when they could speak to the thousands on the forum, they clearly wanted the meeting on their terms as they don't like their more obvious lies being pointed out. Anyone that turned up for the meeting gave RS a fig leaf of respectability, that's probably why only 4 turned up. I'm also not that bothered as I only have about 1.5k left in RS after pulling everything below 7% after the bull about how the changes to the rolling market were for our benefit and will reduce volatility. Anyone with a single brain cell can see through both those arguments. Unlike others on here, I can't abide being lied to. Sorry about the vitriol, there's plenty more of that to come until RS learns that the truth is not only the best policy, it's the only policy.
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ashe
Posts: 53
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Post by ashe on Sept 20, 2018 21:26:12 GMT
So why didn’t you go. They didn’t vet for vitriol! I didn't go as inviting just 8 people was ludicrous when they could speak to the thousands on the forum, they clearly wanted the meeting on their terms as they don't like their more obvious lies being pointed out. Anyone that turned up for the meeting gave RS a fig leaf of respectability, that's probably why only 4 turned up. I'm also not that bothered as I only have about 1.5k left in RS after pulling everything below 7% after the bull about how the changes to the rolling market were for our benefit and will reduce volatility. Anyone with a single brain cell can see through both those arguments. Unlike others on here, I can't abide being lied to. Sorry about the vitriol, there's plenty more of that to come until RS learns that the truth is not only the best policy, it's the only policy. I'm not sure someone whose post contained falsehoods just four words in ("cherry picked") should be going on about truth or honesty, or be treated as demonstrating such.
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Post by WestonKevTMP on Sept 20, 2018 21:39:15 GMT
They said that Kevin started posting on the forum before he was employed by RS. I got the impression that RS became gradually more uncomfortable .... For the record this isn't true. I joined RateSetter in July 2013 and this forum didn't even exist then. I was a lender before I joined RateSetter, and was indeed a founding lender at Zopa over a decade ago. I posted only very occasionally on their forum before it was closed, but not often. And not before July 2013. I only posted on the Zopa forum when someone said something untrue about RateSetter (as an employee with the knowledge), or to simply wind up their PR staff. They were very uptight people in those golden early years. Kevin.
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