agent69
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Post by agent69 on Nov 25, 2014 17:20:23 GMT
5 year rate final back to 6%. Hopefully it will keep heading up.
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agent69
Member of DD Central
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Post by agent69 on Nov 25, 2014 17:21:57 GMT
or people borrowing for Xmas??? Taking out a 5 year loan to fund Christmas? Must be one hell of a party
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Post by wildlife2 on Nov 25, 2014 18:04:08 GMT
Reindeer and elves food must cost a lot these days, so Santa has also probably put his charges up too.
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Post by westonkevRS on Nov 25, 2014 18:40:36 GMT
RateSetter must be manipulating the rates upwards.... Damn those non-Yorkshire city trading boys!!!
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Post by yorkshireman on Nov 25, 2014 19:36:40 GMT
RateSetter must be manipulating the rates upwards.... Damn those non-Yorkshire city trading boys!!! If that’s the case, then you’re not doing a very good job with the 3 year rates Kev.
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jonbvn
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Post by jonbvn on Nov 26, 2014 8:05:27 GMT
or people borrowing for Xmas??? Taking out a 5 year loan to fund Christmas? Must be one hell of a party I have seen the same on other P2P lending sites.
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Post by davee39 on Nov 26, 2014 8:46:50 GMT
My view is that people will borrow in November to get furniture, etc, for Christmas delivery, December then goes quiet, with renewed activity in January. Since the winter is not prime car buying season there is a fresh burst of activity in March. This may be distorted by RS deals for Mobile phones (for Christmas) and end Dec renewal of season tickets.
Working savers may well be paid early so there could be a chunk of savers cash later in December, just when demand drops towards zero.
I am sticking with my '4 hours is long enough' policy to aim for re-investment by 11am each day.
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Post by yorkshireman on Nov 26, 2014 12:20:49 GMT
My view is that people will borrow in November to get furniture, etc, for Christmas delivery, December then goes quiet, with renewed activity in January. Since the winter is not prime car buying season there is a fresh burst of activity in March. This may be distorted by RS deals for Mobile phones (for Christmas) and end Dec renewal of season tickets. Working savers may well be paid early so there could be a chunk of savers cash later in December, just when demand drops towards zero. I am sticking with my '4 hours is long enough' policy to aim for re-investment by 11am each day. Could I ask what your strategy is if you are not reinvested by 11 am please? I’m always open to considering new investment tactics. I won’t take offence if you tell me to mind my own business if you consider that to be an impertinent question.
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Post by geoffrey on Nov 26, 2014 12:36:59 GMT
Accepted demand on 4/5-year market is currently at £2.7 million, but available lender funds are considerably lower, so unless RS bring in some serious seed money, I expect a spike through to the December 1st repayments. Westonkev, more of that upward rate manipulation, please, and I'll add some new funds to RS .
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oldgrumpy
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Post by oldgrumpy on Nov 28, 2014 20:20:06 GMT
Well someone (or some three!) don't know how to do it! Only £1K left in the 6.0% pot.
Three people have dropped £12,121 in at 5.5%.
Muppets.
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Post by uncletone on Nov 28, 2014 20:43:29 GMT
Well someone (or some three!) don't know how to do it! Only £1K left in the 6.0% pot.
Three people have dropped £12,121 in at 5.5%.
Muppets.
Oh dear. And I had always prided myself on being unusually thick.....
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Post by geoffrey on Nov 29, 2014 10:04:30 GMT
Well someone (or some three!) don't know how to do it! Only £1K left in the 6.0% pot.
Three people have dropped £12,121 in at 5.5%.
Muppets.
It's three RS executives in a last-ditch attempt to manipulate rates downwards, only they're running a tad low on funds ...
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Post by davee39 on Nov 29, 2014 13:48:59 GMT
Could I ask what your strategy is if you are not reinvested by 11 am please? I’m always open to considering new investment tactics. I won’t take offence if you tell me to mind my own business if you consider that to be an impertinent question.
Patience! For modest re-investment sums I cannot see much difference between 5.8, 5.9 or 6.0 so I tend to look for a point with < £200k and almost always get reinvested the same day. I have the time to check in daily, and then devote the real effort to maximising returns on FC which is subjected to all kinds of manipulation and exploitation.
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Nov 29, 2014 15:44:49 GMT
Could I ask what your strategy is if you are not reinvested by 11 am please? I’m always open to considering new investment tactics. I won’t take offence if you tell me to mind my own business if you consider that to be an impertinent question.
Patience! For modest re-investment sums I cannot see much difference between 5.8, 5.9 or 6.0 so I tend to look for a point with < £200k and almost always get reinvested the same day. I have the time to check in daily, and then devote the real effort to maximising returns on FC which is subjected to all kinds of manipulation and exploitation. That's close to my strategy. I get in a the highest rate with up to a slightly longer queue (<£300K or £400K on a Friday*). Usually I do not have to drop my rate and get matched within 12-48 hours. Just the one occasion messed this up, when RS saw fit to have more than one underlying rate which we saw as a single figure, so everyone else unknowingly pitched in at the lower figure despite making their offer at the same as mine. Result, no movement forward in the queue for many days. RS have explained what happened in another thread, but have refused to say it shouldn't happen, just that it might. * like yesterday I pitched in at 6.1% and a queue of about £420K; now the queue is down to just over £100K (edit five minutes later £86K*) - shouldn't be lent out by tomorrow as long as some dunce doesn't throw in £200K at 5.2% or something equally dippy.) * ....and gone, c4pm Sunday ... well done Ratesetter!!
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Post by yorkshireman on Dec 4, 2014 13:59:54 GMT
Perhaps I’m missing something but why are 1 year and 3 year rates practically converging, at 3.5% and 3.8% respectively? I don’t detect the hand of my usual bete noire but I don’t see any reason for this other than markets generally being illogical at present.
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