star dust
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Post by star dust on May 20, 2020 14:12:12 GMT
[Edit: still really sorry, star dust , for posting here - but don't really know what to do while people are posting discussion stuff here...] Quote the post - copy the content (in BCCode) and paste it together with your reply as a 'reply'/post on another thread. However, I'll move some posts out again and see if there's anything to update in the table. 
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chris1200
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Post by chris1200 on May 20, 2020 14:18:58 GMT
[Edit: still really sorry, star dust , for posting here - but don't really know what to do while people are posting discussion stuff here...] Quote the post - copy the content (in BCCode) and paste it together with your reply as a 'reply'/post on another thread. However, I'll move some posts out again and see if there's anything to update in the table. I tried doing this before but people just carried on posting in the tracker thread  I will persevere, though! Thank you for your efforts. As I suggested in the other post, maybe a warning not to post discussion in the thread title might help?
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Post by cinereus on May 20, 2020 18:44:19 GMT
1) It's an additional datapoint. 2) It gives us an idea of the gradient of the RYI peak allowing us to make better predictions. I would say the helpfulness of information is as follows: Date of request -> date + time of request -> queue number position -> queue number position + amount of request] Nothing I said contradicted that. You wonder how it helps me. I explained above. At least it's an additional datapoint which is never negative. (You're right that I'm assuming people wouldn't be stupid enough to post times unless they are 100% certain about them.)
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chris1200
Member of DD Central
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Post by chris1200 on May 20, 2020 18:55:30 GMT
I would say the helpfulness of information is as follows: Date of request -> date + time of request -> queue number position -> queue number position + amount of request] Nothing I said contradicted that. You wonder how it helps me. I explained above. At least it's an additional datapoint which is never negative. (You're right that I'm assuming people wouldn't be stupid enough to post times unless they are 100% certain about them.) Fair enough. I guess in my mind it's the same data point, but worse data... rather than a different data point. So once you've got the better data, it's of no help to go backwards. If that makes sense? Anyway, hope you get your payout soon!
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adrian77
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Post by adrian77 on May 22, 2020 16:23:58 GMT
I asked RS how long I can expect to wait for my money in Access to be released 379625 17.03.20 and was told about 3 months
I also asked about the queue and was ignored so I tried again
Thank you for your reply - now can you please answer my question which is very simple so I would like a very simply reply - so to repeat
How much money is in the Access queue as of close of business last night?
and the reply was
Unfortunately it is not possible to advise the total amount that has been requested for release, this includes the amount that is in the release of investment queue for the Access Product specifically at the close of business yesterday evening waffle, waffle waffle....
I don't buy this - have they got our accounts scribbled on the back of cornflake packets or what ....
Very disappointed with RS - all they had to do was be honest and say - "we have a mega problem and have basically decided to almost freeze the Access account..."
If they had been honest I would have considered re-investing with them as it is now there is no way
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Post by gar on May 23, 2020 4:12:26 GMT
I don't buy this - have they got our accounts scribbled on the back of cornflake packets or what .... Very disappointed with RS - all they had to do was be honest and say - "we have a mega problem and have basically decided to almost freeze the Access account..." If they had been honest I would have considered re-investing with them as it is now there is no way I agree with every point you make. RS know exactly how much they are distributing in all the products and in my opinion should be telling us the individual amounts ie, Access this week 250K,
1 Year 2 Mill,
5 Year 2.5Mill. Or whatever the figure may be If they give us figures we can at least make a hypothetical assumption as to when we will get our funds returned. And at this point could the guy who always chips in and says "you cant work it out like that" please refrain replying to this post. Trends and a finger in the air job is the only way we can predict any return date at the moment. I have about 4700 people in the que in front of me, RS have it within their gift to tell us exactly the bottom line for the Access market and how much they are returning per week. All I see at the moment is the 1 & 5 year racing away with their returns whilst the Access market is stagnant. I also cant seem to get my head around what the difference is between the 5 year market and the multitude of small contracts I have in my book which if they run their course will take 5 years to return. I wonder if under equitable law, could RSs contract terms be deemed onerous to people in the Access market. Would the way RS are distributing the funds be deemed as just and fair.
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Post by ruralres66 on May 23, 2020 9:17:31 GMT
My point exactly, a point that I have made repeatedly over recent weeks to RS.One could argue that in these sorts of financial investments/ financial planning situations, where investors are not party to the behind the scenes data, a company might be duty bound on request to provide some sort of credible predictive/ indicative range of timeframes, for example for possible RYIs Then, all things being equal within the company, according to their current emergency business plan, and then updated/altered accordingly as things develop or not as the case may be. That happens with pension predictive models. I need more information to have confidence into the way RS are handling matters. They are trying, but should respond to the "experienced" or sophisticated investors (their descriptions) with a bit more of a business like professional approach. I entered P2P in 2013 with my eyes well open to the risks, which I assessed and have managed accordingly. I made the decision to exit from Monthly/Rolling/ or the new products because I did not want a 1-5 year loan period but a defined one. The current situation has meant effectively I am planning in a vacuum or void i.e. little planning is possible. 'I asked RS how long I can expect to wait for my money in Access to be released 379625 17.03.20 and was told about 3 months I also asked about the queue and was ignored so I tried again.'
"I agree with every point you make.
RS know exactly how much they are distributing in all the products and in my opinion should be telling us the individual amounts ie,
Access this week 250K,
1 Year 2 Mill,
5 Year 2.5Mill. Or whatever the figure may be
If they give us figures we can at least make a hypothetical assumption as to when we will get our funds returned.
And at this point could the guy who always chips in and says "you cant work it out like that" please refrain replying to this post.
Trends and a finger in the air job is the only way we can predict any return date at the moment. "
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Post by Badly Drawn Stickman on May 23, 2020 9:59:26 GMT
I am not even going to attempt to unpick the last few quoting curiosities. garIf your wish is to only have people who agree with you respond to your posts, possibly a separate thread explicitly for that would be best. Might be worth noting that you might not even have the limited information you do have with such culling. On your main point let us just assume that RS had told us that £2.3m had been paid out on access this week and indeed predicted that £2m would be released next week, what would your repayment date be? Or is that information really just pointless in telling you that? |
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Post by gar on May 23, 2020 11:42:05 GMT
I am not even going to attempt to unpick the last few quoting curiosities. gar If your wish is to only have people who agree with you respond to your posts, possibly a separate thread explicitly for that would be best. Might be worth noting that you might not even have the limited information you do have with such culling. On your main point let us just assume that RS had told us that £2.3m had been paid out on access this week and indeed predicted that £2m would be released next week, what would your repayment date be? Or is that information really just pointless in telling you that? Well on the face of it your post is a bit pointless. But to keep it simple, your example quotes a two week distribution period with with £4.3million returned. In my book thats an average return of £2.15 mill per week, now this is where RS come into it by telling us that theres say £30 mill to be returned.So if im at the back of the que, the follow on is that I get an indication of 14 weeks before I get my dosh back. Simples. This of course has got to be read in conjunction with "stardusts" table of RYI requests. Im afraid its all got to be averages and trends but what other indication can we get. At todays date and on the basis of figures in SDs RYI table im estimating getting my money returned by February next year. Im glad I resisted putting in the Anne Robinson quip by saying a village must be missing its Idiot
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Post by Badly Drawn Stickman on May 23, 2020 12:03:34 GMT
I am not even going to attempt to unpick the last few quoting curiosities. gar If your wish is to only have people who agree with you respond to your posts, possibly a separate thread explicitly for that would be best. Might be worth noting that you might not even have the limited information you do have with such culling. On your main point let us just assume that RS had told us that £2.3m had been paid out on access this week and indeed predicted that £2m would be released next week, what would your repayment date be? Or is that information really just pointless in telling you that? Well on the face of it your post is a bit pointless. But to keep it simple, your example quotes a two week distribution period with with £4.3million returned. In my book thats an average return of £2.15 mill per week, now this is where RS come into it by telling us that theres say £30 mill to be returned.So if im at the back of the que, the follow on is that I get an indication of 14 weeks before I get my dosh back. This of course has got to be read in conjunction with "stardusts" table of RYI requests. Im afraid its all got to be averages and trends but what other indication can we get. On the basis of SDs RYI table im estimating and expecting to get my money returned by February next year. Im glad I resisted putting in the Anne Robinson quip by saying a village must be missing its Idiot The problem with coming in all guns blazing demanding answers is its usually best to know what answers can realistically be given. You seem more interested in picking a fight than exploring what is possible, I have a feeling you will succeed with someone. Won't be me I need stiffer competition than somebody quoting ancient TV stars.
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Post by lingield on May 23, 2020 12:09:58 GMT
I am not a fan of Ratesetters communications, but it really is impossible for them to give an indication on timing of RYI. As several people have noted, RYIs are currently being funded by re-investments being made by existing investors. If those investors 'turn off' those reinvestment settings, then there would be no funds available to fund RYIs. Ratesetter have no control over this. Unless investors are at the very top of the queue (ie. next 1000) then investors (ie, nearly 30000 RYI submissions!) should assume that they will be repaid from repayments only. The access queue seems to be moving at approximately 10 per day, so there is a broad indicator here but personally I view any projections beyond 100 days to be completely meaningless as anything could happen (good or bad).
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Post by diversifier on May 23, 2020 23:44:48 GMT
I am not even going to attempt to unpick the last few quoting curiosities. gar If your wish is to only have people who agree with you respond to your posts, possibly a separate thread explicitly for that would be best. Might be worth noting that you might not even have the limited information you do have with such culling. On your main point let us just assume that RS had told us that £2.3m had been paid out on access this week and indeed predicted that £2m would be released next week, what would your repayment date be? Or is that information really just pointless in telling you that? In my book thats an average return of £2.15 mill per week, now this is where RS come into it by telling us that theres say £30 mill to be returned.So if im at the back of the que, the follow on is that I get an indication of 14 weeks before I get my dosh back. Simples. You will very soon you have the information you require. We just have to look at the monthly data in Ratesetter Performance, and do a bit of jiggery-pokery. We know: Total Amount Lent. So, subtract last months figures from this months, and you have amount being relent per month. Its a fairly safe guess that most people not re-lending in Access, have RYI’d. We also know: Total Repaid to Investors. So, subtract last months figures from this months, and you have the amount *available* to relend per month. Divide one by t’other, and you have the percentage of investment that has RYI’d. Re-lending was 56% last month, and it will be interesting to see next month. Multiply by Total Amount Under Management, and you have size of the queue in front of you. That doesn’t distinguish between Access/Plus/Max and 1yr and 5yr, but I submit that the evidence is that only a small fraction of total funds are now in the term accounts. Figure-in-the-air says ignore those.
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Post by gar on May 24, 2020 5:14:08 GMT
You will very soon you have the information you require. We just have to look at the monthly data in Ratesetter Performance, and do a bit of jiggery-pokery. We know: Total Amount Lent. So, subtract last months figures from this months, and you have amount being relent per month. Its a fairly safe guess that most people not re-lending in Access, have RYI’d. We also know: Total Repaid to Investors. So, subtract last months figures from this months, and you have the amount *available* to relend per month. Divide one by t’other, and you have the percentage of investment that has RYI’d. Re-lending was 56% last month, and it will be interesting to see next month. Multiply by Total Amount Under Management, and you have size of the queue in front of you. That doesn’t distinguish between Access/Plus/Max and 1yr and 5yr, but I submit that the evidence is that only a small fraction of total funds are now in the term accounts. Figure-in-the-air says ignore those. diversifier, thanks for the helpful considered reasoning, as you say its a finger in the air calculation but an indication nevertheless.
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Post by shanghaiscouse on May 27, 2020 8:23:23 GMT
Just FYI, I am next in 5 year queue but nothing happening yet, still showing as 'queuing'. its wednesday 27 May.
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
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Post by beagle on May 27, 2020 8:32:09 GMT
Just FYI, I am next in 5 year queue but nothing happening yet, still showing as 'queuing'. its wednesday 27 May. yes but this is per a forum list. there could be many between
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