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Post by valueinvestor123 on Aug 25, 2020 15:30:04 GMT
Do you continue accumulating interest while you are in the queue?
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bt
Sir Bufton Tufton, Jean Paul Sartre Zippy, Bungle, Jeffrey Archer Andre Previn and the LSO Hello
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Post by bt on Aug 25, 2020 15:32:50 GMT
Do you continue accumulating interest while you are in the queue? yes
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mogish
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Post by mogish on Aug 25, 2020 15:34:54 GMT
I believe you do.although at half what you thought youd get!
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Post by Deleted on Aug 25, 2020 15:39:15 GMT
Interestingly if you consider most withdrawing are probably asking for 100% then every day you get closer to teh front of the que even if your request number doesnt change. It really depends on behaviour of otehr investors, if there are some (we will never know) who want to stay in until the end then in theory their recycled money could become more and more significant compared to the value of the que on a daily basis. The issue more than anything else is the continued lending RS are undertaking, which from what we can tell is sucking up a very significant portion of the monies that could be used for RYIs Should RS sell to Metro, then no new loans will come from these funds. AND should RS continue to allow RYIs to be funded by other members that situation will dramatically (by order of several magnitudes) change the speed the que processes. We also dont know about the investors who are currently funding failry significant RYIsin 5 year, again could they maybe switch to APM when the 5 year que is depleted. (IE move their funds). 5 year is moving pretty quickly by all accounts I agree there are lots of imponderables. Nevertheless it seems highly likely the loans will be repaid before the RYI reaches the front of the queue, given the current queue position. Of course there may be further interest haircuts or a capital haircut in the meantime.
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Post by Deleted on Aug 25, 2020 15:40:49 GMT
Do you continue accumulating interest while you are in the queue? yes ...but subject to the any reduction RS applies as set out here.
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aju
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Post by aju on Aug 25, 2020 15:41:12 GMT
Do you continue accumulating interest while you are in the queue? Yes and you get repayments back too, thing is though unless you take steps to make sure you reinvestment settings are set as high as possible and come in every few days, I'm guessing, for the amounts you seem to have still invested as detailed by you a while back then you will just get it relent before you can recover it. As others have said a few posts back make sure you have you reinvestment setting as high as the system will allow to try an mitigate the returned funds before you get to move it back to holding and eventually to your bank!. Edit: I have never had Max or Plus so I assume they are similar in reinvestment to Access and need steps taken to try and get the returned money and interest payments into your pocket not back into the system.
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aju
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Post by aju on Aug 25, 2020 15:50:57 GMT
Anyone taking bets on the RYI today, the Lending Volume so far is at 3.5M so far this week most of which was yesterday when the RYI was 0.8m. (Yes I know they are not connected but there is only a finite amount of funds that can be dolled out daily/weekly and the RYI does seem to be depleting of late)
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Post by valueinvestor123 on Aug 25, 2020 16:16:07 GMT
Do you continue accumulating interest while you are in the queue? Yes and you get repayments back too, thing is though unless you take steps to make sure you reinvestment settings are set as high as possible and come in every few days, I'm guessing, for the amounts you seem to have still invested as detailed by you a while back then you will just get it relent before you can recover it. As others have said a few posts back make sure you have you reinvestment setting as high as the system will allow to try an mitigate the returned funds before you get to move it back to holding and eventually to your bank!. Edit: I have never had Max or Plus so I assume they are similar in reinvestment to Access and need steps taken to try and get the returned money and interest payments into your pocket not back into the system. I have only about 40k there which I put at the beginning of the year. Can I get clarification what you mean by "reinvestment settings as high as the system will allow". I assume everything that comes back, goes into the holding account. Where can you tweak the reinvestment settings? When I go to "Invest", you can then add an instruction for all the money that you have. I don't see a setting for "reinvestment". thanks
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Post by RateSetter on Aug 25, 2020 16:48:18 GMT
Good afternoon. Today we have delivered £0.4m and the full update follows below:
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chris1200
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Post by chris1200 on Aug 25, 2020 16:57:44 GMT
I'm really interested to see what RS does (if anything) when the 5 Year RYI queue is fully processed and, presumably, re-investment starts outstripping RYI requests. It seems very possible that this could happen by the end of September or soon after.
Will they allow re-investment requests to just sit there for a while before they're matched, or will they change their policy and channel some A/P/M RYI'd loan parts into 5 Year (which would make both 5 Year re-investors and A/P/M RYI-ers happy). My hope in this regard is probably quite obvious...
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aju
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Post by aju on Aug 25, 2020 17:17:57 GMT
Yes and you get repayments back too, thing is though unless you take steps to make sure you reinvestment settings are set as high as possible and come in every few days, I'm guessing, for the amounts you seem to have still invested as detailed by you a while back then you will just get it relent before you can recover it. As others have said a few posts back make sure you have you reinvestment setting as high as the system will allow to try an mitigate the returned funds before you get to move it back to holding and eventually to your bank!. Edit: I have never had Max or Plus so I assume they are similar in reinvestment to Access and need steps taken to try and get the returned money and interest payments into your pocket not back into the system. I have only about 40k there which I put at the beginning of the year. Can I get clarification what you mean by "reinvestment settings as high as the system will allow". I assume everything that comes back, goes into the holding account. Where can you tweak the reinvestment settings? When I go to "Invest", you can then add an instruction for all the money that you have. I don't see a setting for "reinvestment". thanks Ok as I said I only know how Access works and i'm sure someone will be along to correct me as I don't have anything in Max or plus to prove I am correct. Try this starting from the "My account" screen and see what you get 1. Scroll down to "Your Portfolio" Section 3 if you have RYI waiting Section 2 if not 2. In this section click on Total (last item in the section ) This should move you to the Summary by Product. 3. On the right hand side you should see your "Reinvestment settings" column entries On mine I have them set to highest amounts rather than "Max at the going rate" default say! 4. Click on edit and make sure these are as high as you can set them (usually 5% above GR, I think!) I am assuming that like Access all the new products do not allow "Move to holding" or whatever it was called the last time I saw it. Once you have it set to the highest possible rates you then monitor the reinvestment amounts as they arrive and cancel them before they get matched to lend. ( I monitor mine daily along with my emails and Zopa returns but that's just me you can of course check other RS screens to determine the best days money arrives but bear in mind that early payers may catch you out unexpectedly anyway). Edit: Money <£10 for a given product will sit in holding looking like its ready but I think its tagged for the relevant product investment settings. That said I think you can sweep it out when it is in there although I've never actually tried it to see if it can be moved to my bank. Hope that helps. Edit: Changed text to ensure no confusion of RS sending emails for repayments arriving (blue)
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aju
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Post by aju on Aug 25, 2020 17:21:57 GMT
I'm really interested to see what RS does (if anything) when the 5 Year RYI queue is fully processed and, presumably, re-investment starts outstripping RYI requests. It seems very possible that this could happen by the end of September or soon after. Will they allow re-investment requests to just sit there for a while before they're matched, or will they change their policy and channel some A/P/M RYI'd loan parts into 5 Year (which would make both 5 Year re-investors and A/P/M RYI-ers happy). My hope in this regard is probably quite obvious... I'll be happy when that happens as I have £100 in the 5Y queue still (bad mistake/theory in previous selling settings!)
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aju
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Post by aju on Aug 26, 2020 9:19:51 GMT
I have only about 40k there which I put at the beginning of the year. Can I get clarification what you mean by "reinvestment settings as high as the system will allow". I assume everything that comes back, goes into the holding account. Where can you tweak the reinvestment settings? When I go to "Invest", you can then add an instruction for all the money that you have. I don't see a setting for "reinvestment". thanks <snipped> Once you have it set to the highest possible rates you then monitor the reinvestment amounts as they arrive and cancel them before they get matched to lend. (I monitor mine daily with my email but that's just me you can of course check other screens to determine the best days money arrives but bear in mind that early payers may catch you out unexpectedly anyway). <snipped> Hope that helps. To just reinforce the point (Marked in red) I had a 1Y loan close down 2 months early this morning and as I have my relend settings on I just stopped it, removed back to holding and banked it!. (I have reinvest on as I have another lend item I want to trap to maintain some older tools that not everyone has access to and will lose when the 1Y and 5Y loans finish)
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Post by valueinvestor123 on Aug 26, 2020 10:08:38 GMT
I have only about 40k there which I put at the beginning of the year. Can I get clarification what you mean by "reinvestment settings as high as the system will allow". I assume everything that comes back, goes into the holding account. Where can you tweak the reinvestment settings? When I go to "Invest", you can then add an instruction for all the money that you have. I don't see a setting for "reinvestment". thanks Ok as I said I only know how Access works and i'm sure someone will be along to correct me as I don't have anything in Max or plus to prove I am correct. Try this starting from the "My account" screen and see what you get 1. Scroll down to "Your Portfolio" Section 3 if you have RYI waiting Section 2 if not 2. In this section click on Total (last item in the section ) This should move you to the Summary by Product. 3. On the right hand side you should see your "Reinvestment settings" column entries On mine I have them set to highest amounts rather than "Max at the going rate" default say! 4. Click on edit and make sure these are as high as you can set them (usually 5% above GR, I think!) I am assuming that like Access all the new products do not allow "Move to holding" or whatever it was called the last time I saw it. Once you have it set to the highest possible rates you then monitor the reinvestment amounts as they arrive and cancel them before they get matched to lend. (I monitor mine daily with my email but that's just me you can of course check other screens to determine the best days money arrives but bear in mind that early payers may catch you out unexpectedly anyway). Edit: Money <£10 for a given product will sit in holding looking like its ready but I think its tagged for the relevant product investment settings. That said I think you can sweep it out when it is in there although I've never actually tried it to see if it can be moved to my bank. Hope that helps. Thanks. Wow it is not at all obvious how to do it without exact instructions...Thanks very much for this. I see the queue has now moves 6 places...just another 20k ish to go....:-(
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aju
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Post by aju on Aug 26, 2020 10:12:17 GMT
To just reinforce the point (Marked in red) I had a 1Y loan close down 2 months early this morning and as I have my relend settings on I just stopped it, removed back to holding and banked it!. (I have reinvest on as I have another lend item I want to trap to maintain some older tools that not everyone has access to and will lose when the 1Y and 5Y loans finish) How do you monitor with email? Sorry, my bad english I meant as a routine the same time I check my emails, I usually do the emails last as I also check my Zopa for any changes as well. No one gets any indication other than through the website as to what has been paid back, well I never have anyway. I've duly slapped my own wrist on your behalf.
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