ashtondav
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Post by ashtondav on Nov 1, 2019 22:25:32 GMT
Too late for me. Withdrew all cash and heading for AC and LW. Need to see 6% available once a month to get me back to RS. I’ll see what happens to my repayments this month.
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Post by Badly Drawn Stickman on Nov 1, 2019 23:01:50 GMT
Too late for me. Withdrew all cash and heading for AC and LW. Need to see 6% available once a month to get me back to RS. I’ll see what happens to my repayments this month. Somebody - presumably impersonating you - was advocating 3% as a decent return on the FC section a few minutes ago. You should have a word with him.
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ashtondav
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Post by ashtondav on Nov 2, 2019 10:11:23 GMT
3% is a decent return in a zero world. To get 3%youneed imo to invest at higher rates. In FC’s case that was about 6%, I think the same risk applies to RS because come the next recession the PF will evaporate.
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Stonk
Stonking
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Post by Stonk on Nov 4, 2019 11:53:57 GMT
Tomorrow I'm going to call RS and ask if I can have the 1 Year market back. They claim there is no imminent plan to retire 1 Year and 5 Year, and I did used to use it from time to time, so how could they object ...
Well, RS did object. I asked for the 1 Year Market back, and was told no. I'm sure they could and would, if it were not the plan to phase it out.
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badersleg
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Post by badersleg on Nov 4, 2019 13:20:58 GMT
It's all too confusing for me. I've got £935 on the access market, £70 unmatched. My reinvestment is set at 6%, yet some of the £70 is unmatched at 8 %.
In my 'money on loan' I have matches dated today from 7.9 to 9.5%
Are the high rates due to their being less money available in the early hours and the system is still catching up?
Tim
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IFISAcava
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Post by IFISAcava on Nov 4, 2019 13:30:57 GMT
It's all too confusing for me. I've got £935 on the access market, £70 unmatched. My reinvestment is set at 6%, yet some of the £70 is unmatched at 8 %.
In my 'money on loan' I have matches dated today from 7.9 to 9.5%
Are the high rates due to their being less money available in the early hours and the system is still catching up?
Tim
old matches rolled over
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aju
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Post by aju on Nov 4, 2019 13:36:11 GMT
It's all too confusing for me. I've got £935 on the access market, £70 unmatched. My reinvestment is set at 6%, yet some of the £70 is unmatched at 8 %.
In my 'money on loan' I have matches dated today from 7.9 to 9.5%
Are the high rates due to their being less money available in the early hours and the system is still catching up?
Tim
old matches rolled over That's an interesting thought, care to elaborate on the process or point me on here where it's already been discussed if it has of course. Of course if you are suggesting that badersleg has loans with higher rates that are rolling over and subsequently pick up the higher rates then I understand what you mean, I think!.
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badersleg
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Post by badersleg on Nov 4, 2019 13:38:35 GMT
Here's the loan contract details. It looks like a new order.
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IFISAcava
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Post by IFISAcava on Nov 4, 2019 13:45:00 GMT
if you look at your transactions, I'd wager you had a repayment of a 9.5% loan, and it is rematching - that's just how it works. I had a load doing that today at rates up to 9.9%.
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IFISAcava
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Post by IFISAcava on Nov 4, 2019 13:48:19 GMT
If you try and edit it, you can't, unlike a normal order
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Post by propman on Nov 11, 2019 17:05:10 GMT
I seem to have matched at 5.6 & 5.7% in Max on 4/11 with my 5.5% offer and a 5.6% unused. Anyone else have anything similar?
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Post by propman on Nov 12, 2019 10:51:56 GMT
Any thoughts on reasons for having money on the 5 year market above 5%? The wall of money on 5 year means that it would require a sustained period of lending in this market before new 5% offers are matched (and before MR moves the majority of this to 4.9%) and in addition lending of all the money reinvested at MR for higher rates. There has been some lending, but in the absence of a huge sell off or a shift from using the new markets (presumably due to money there drying up and so higher rates available there), I can't see this happening.
Have I missed anything?
- PM
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Post by Deleted on Nov 12, 2019 11:55:10 GMT
Any thoughts on reasons for having money on the 5 year market above 5%? The wall of money on 5 year means that it would require a sustained period of lending in this market before new 5% offers are matched (and before MR moves the majority of this to 4.9%) and in addition lending of all the money reinvested at MR for higher rates. There has been some lending, but in the absence of a huge sell off or a shift from using the new markets (presumably due to money there drying up and so higher rates available there), I can't see this happening.
Have I missed anything?
- PM I don't think you have. I imagine people put money on the markets and only check it every month or so. I also think a fair few people don't understand how RateSetter works - why they would invest in something they don't understand I will never know, but think that's what the FCA is trying to address as discussed in another thread.
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coogaruk
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Post by coogaruk on Nov 12, 2019 12:13:46 GMT
Yes and the rate spiked again today to 5.4 and some 5.5 I think. Yes, I got a match at 5.5% in the 1Yr today I managed to get all mine back out very quickly but only at up to 5.2% this time. (4.8% seems to be the best to be had as I write)
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robski
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Post by robski on Nov 12, 2019 13:12:46 GMT
Any thoughts on reasons for having money on the 5 year market above 5%? The wall of money on 5 year means that it would require a sustained period of lending in this market before new 5% offers are matched (and before MR moves the majority of this to 4.9%) and in addition lending of all the money reinvested at MR for higher rates. There has been some lending, but in the absence of a huge sell off or a shift from using the new markets (presumably due to money there drying up and so higher rates available there), I can't see this happening.
Have I missed anything?
- PM I don't think you have. I imagine people put money on the markets and only check it every month or so. I also think a fair few people don't understand how RateSetter works - why they would invest in something they don't understand I will never know, but think that's what the FCA is trying to address as discussed in another thread. Funny, I had the same conversation with myself this morning, looked at 5yr, and max, cancelled all my lend orders and pressed withdraw. Its looking like its a week or two off decent rates, and the debit card is always ready should the rates go up in the mean time. The other conversation about investor level etc made me think, if rates aren't great then I will accept less interest and reduce my exposure. Sooner or later there will be spikes I am sure, so happy to invest then, otherwise I would probably prefer to keep it liquid
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