smezz
Posts: 180
Likes: 73
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Post by smezz on Jun 20, 2019 20:43:21 GMT
Finally back to nibbling the 6% on the 5 year market.
£13k gone so far. £2.5M total on lending queue.
£88k on borrowing queue.
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smezz
Posts: 180
Likes: 73
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Post by smezz on Jun 21, 2019 4:59:30 GMT
£110k in total off the 6% queue in last 24 hrs on 5 year market.
total to lend is £2.5M so far but 'market rate' chunk still to come.
Edit:: 09:26 back to £3.0M. MR money at 5.3%
18:16 5.9% has cycled completely - nothing off 6% yet. outstanding total back to £2.5M.
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smezz
Posts: 180
Likes: 73
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Post by smezz on Jun 21, 2019 18:35:57 GMT
Summary - if you want 5.9% you can get it tomorrow, if you want 6.0% it could take 2 or 3 weeks.
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aju
Member of DD Central
Posts: 3,480
Likes: 917
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Post by aju on Jun 21, 2019 22:33:27 GMT
Summary - if you want 5.9% you can get it tomorrow, if you want 6.0% it could take 2 or 3 weeks. I guess I was just lucky getting 6.0% last monday then and in rolling too!
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smezz
Posts: 180
Likes: 73
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Post by smezz on Jun 21, 2019 22:50:40 GMT
Lucky and alert!
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smezz
Posts: 180
Likes: 73
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Post by smezz on Jun 23, 2019 6:52:37 GMT
Sunday 07:50
Total of £661k lent/gone from 6% queue on 5 year market in last 8 days.
£1M on at 6%, £130k < 6%, £14k on borrowing - total to lend £2.5M.
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trevor
Member of DD Central
Posts: 555
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Post by trevor on Jun 23, 2019 10:25:32 GMT
The current method for calculating the MR is very bad for passive investors. This past week I have invested at 5.9% in 5 yr and between 6.1% and 6.7% in rolling. Those just using MR to auto invest have achieved 5.3% and 3.3% respectively. RS need to review the method for calculating MR.
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mary
Member of DD Central
Posts: 698
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Post by mary on Jun 23, 2019 10:44:35 GMT
The current method for calculating the MR is very bad for passive investors. This past week I have invested at 5.9% in 5 yr and between 6.1% and 6.7% in rolling. Those just using MR to auto invest have achieved 5.3% and 3.3% respectively. RS need to review the method for calculating MR. You can only achieve those higher rates due to the subsidy of those accepting lower rates in exchange for not having to manage their account to play the market. The alternative of higher rates for all can only be achieved if RS raises rates for Borrowers, which would likely lead to lower overall volume of business.
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