squid
Member of DD Central
Posts: 141 
Likes: 204
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Post by squid on Feb 12, 2020 19:49:58 GMT
Thank you for posting this.
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Post by jojo on Feb 12, 2020 20:01:09 GMT
Anyone else have a quote of over 7.5% to withdraw from loans? I have 3.2% shortfall fees, was 6.2% one month ago.
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mikeh
Member of DD Central
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Post by mikeh on Feb 12, 2020 20:05:38 GMT
The position has improved quite markedly (see Matthew's new thread)
To sell out completely my "sell fee" has reduced from around 7% last week to something like 1.25% now.
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Post by carol167 on Feb 12, 2020 20:22:40 GMT
The position has improved quite markedly (see Matthew's new thread) To sell out completely my "sell fee" has reduced from around 7% last week to something like 1.25% now.
Why would there be that much difference in about a week ?
What the F*** is going on ?!?!?
What kind of mickey mouse system is this ?
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squid
Member of DD Central
Posts: 141
Likes: 204
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Post by squid on Feb 12, 2020 20:30:45 GMT
It is the fair and simple P2P platform...
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Post by dan1 on Feb 12, 2020 20:41:45 GMT
The position has improved quite markedly (see Matthew's new thread) To sell out completely my "sell fee" has reduced from around 7% last week to something like 1.25% now. Thought I understood the changes until your post mikeh  If it were me, I'd bite their hand off and take it now before it changes again!
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Post by jojo on Feb 12, 2020 20:42:33 GMT
I think people overacted the last couple of weeks. I have tried with my little knowledge of finance to explain on my posts that investments have to be seen on the long term, and in LW case it was definitely worst being patience, maybe withdrawing interest and capital repayments on monthly basis and reassess the situation in 6 months time like it was communicated by Matthew . I don't think it is rational to take a decision in couple of days just because you are disappointed. LW changes definitely need some adjustment, for the good of investors with more protection on capital. Thumbs up to LW to have been able to to those adjustments (they could have done nothing ) , very pleased by this update and will definitely continue to invest with them.
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mikeh
Member of DD Central
Posts: 499
Likes: 370
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Post by mikeh on Feb 12, 2020 20:45:35 GMT
The position has improved quite markedly (see Matthew's new thread) To sell out completely my "sell fee" has reduced from around 7% last week to something like 1.25% now. Thought I understood the changes until your post mikeh If it were me, I'd bite their hand off and take it now before it changes again! I might just do that. I don't understand what's going on at all!
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IFISAcava
Member of DD Central
Posts: 3,664
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Post by IFISAcava on Feb 12, 2020 20:56:36 GMT
I think people overacted the last couple of weeks. I have tried with my little knowledge of finance to explain on my posts that investments have to be seen on the long term, and in LW case it was definitely worst being patience, maybe withdrawing interest and capital repayments on monthly basis and reassess the situation in 6 months time like it was communicated by Matthew . I don't think it is rational to take a decision in couple of days just because you are disappointed. LW changes definitely need some adjustment, for the good of investors with more protection on capital. Thumbs up to LW to have been able to to those adjustments (they could have done nothing ) , very pleased by this update and will definitely continue to invest with them. Time will tell
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IFISAcava
Member of DD Central
Posts: 3,664
Likes: 2,988
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Post by IFISAcava on Feb 12, 2020 21:02:00 GMT
Anyone else have a quote of over 7.5% to withdraw from loans? I have 3.2% shortfall fees, was 6.2% one month ago. so then it can't be that the shortfall is calculated over the life of the loan as was said elsewhere, because we are told the lifetime rates for each cohort haven't changed. I have no idea how it is calculated now.
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Post by Undecided on Feb 12, 2020 23:15:30 GMT
I think people overacted the last couple of weeks. I have tried with my little knowledge of finance to explain on my posts that investments have to be seen on the long term, and in LW case it was definitely worst being patience, maybe withdrawing interest and capital repayments on monthly basis and reassess the situation in 6 months time like it was communicated by Matthew . I don't think it is rational to take a decision in couple of days just because you are disappointed. LW changes definitely need some adjustment, for the good of investors with more protection on capital. Thumbs up to LW to have been able to to those adjustments (they could have done nothing ) , very pleased by this update and will definitely continue to invest with them. Watch out, I’ve found a LW rep in disguise.
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Post by jojo on Feb 12, 2020 23:22:44 GMT
I think people overacted the last couple of weeks. I have tried with my little knowledge of finance to explain on my posts that investments have to be seen on the long term, and in LW case it was definitely worst being patience, maybe withdrawing interest and capital repayments on monthly basis and reassess the situation in 6 months time like it was communicated by Matthew . I don't think it is rational to take a decision in couple of days just because you are disappointed. LW changes definitely need some adjustment, for the good of investors with more protection on capital. Thumbs up to LW to have been able to to those adjustments (they could have done nothing ) , very pleased by this update and will definitely continue to invest with them. Watch out, I’ve found a LW rep in disguise. What do you mean? you do not trust my comments? i can show you a screenshot of my account if you want...
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benaj
Member of DD Central
Posts: 4,855
Likes: 1,591
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Post by benaj on Feb 13, 2020 8:44:29 GMT
The position has improved quite markedly (see Matthew's new thread) To sell out completely my "sell fee" has reduced from around 7% last week to something like 1.25% now. To sell out my partner's Growth product (2018 & 2019 cohorts) now - there's a 2.6% interest shortfall penalty compared to 5.4% last week. I wonder what cohort do you have mikeh ?, That's a reduction like 5.75%.
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mikeh
Member of DD Central
Posts: 499
Likes: 370
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Post by mikeh on Feb 13, 2020 9:23:27 GMT
The position has improved quite markedly (see Matthew's new thread) To sell out completely my "sell fee" has reduced from around 7% last week to something like 1.25% now. To sell out my partner's Growth product (2018 & 2019 cohorts) now - there's a 2.6% interest shortfall penalty compared to 5.4% last week. I wonder what cohort do you have mikeh ?, That's a reduction like 5.75%. I made my first LW investment on the day the new Flexible and Growth products became available to new investors. I've sold out of Flexible and about half of Growth fee-free.
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Post by jojo on Feb 13, 2020 10:49:18 GMT
The position has improved quite markedly (see Matthew's new thread) To sell out completely my "sell fee" has reduced from around 7% last week to something like 1.25% now. To sell out my partner's Growth product (2018 & 2019 cohorts) now - there's a 2.6% interest shortfall penalty compared to 5.4% last week. I wonder what cohort do you have mikeh ?, That's a reduction like 5.75%. I think it all depends on which cohort you have, 2017 looks like the worst in term of performance, so i guess, anyone who started to invest after 2017 should have lower interest shortfalls rates than people invested before 2017.
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