coogaruk
Hello everyone! Anyone remember me?
Posts: 706
Likes: 464
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Post by coogaruk on May 26, 2020 12:06:19 GMT
Those who have followed my posts on here over the course of time will know that I have made many 'threats' in the past to begin withdrawing from RS in response to the many, many changes imposed on us investors but I have stuck with it.
Until now that is. No-one can accurately predict the future but In my view the risk has now become too great and the reward too low.
Although I understand the reasoning behind taking 50% of my interest and using it to bolster the Provision Fund I do not entirely agree with it. As an investor it has never been one of my strategies - nor in my view should it ever be - to bail out fellow investors (or borrowers for that matter).
So, shortly after the 'Stabilisation Period' was introduced I increased my minimum lending rates in the two markets I still actively lend in to the maximum permissable of 8% (Access) and 10% (One Year) and I will NOT go below those rates while the present situation persists. I have had quite a few more bites than I expected at 10% but more recently there has been a build up of funds in holding, so today I made my first ever substantial withdraw from RS, equivalent to approximately 6% of my total portfolio.
This may be the beginning of a new strategy. Or it may not. Hopefully, the situation will remain stable long enough for me to achieve a decent 'profit' from my efforts, or at the very least to protect my own capital investment as much as possible.
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ceejay
Posts: 975 
Likes: 1,149
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Post by ceejay on May 26, 2020 13:31:52 GMT
Those who have followed my posts on here over the course of time will know that I have made many 'threats' in the past to begin withdrawing from RS in response to the many, many changes imposed on us investors but I have stuck with it.
Until now that is. No-one can accurately predict the future but In my view the risk has now become too great and the reward too low.
Although I understand the reasoning behind taking 50% of my interest and using it to bolster the Provision Fund I do not entirely agree with it. As an investor it has never been one of my strategies - nor in my view should it ever be - to bail out fellow investors (or borrowers for that matter).
So, shortly after the 'Stabilisation Period' was introduced I increased my minimum lending rates in the two markets I still actively lend in to the maximum permissable of 8% (Access) and 10% (One Year) and I will NOT go below those rates while the present situation persists. I have had quite a few more bites than I expected at 10% but more recently there has been a build up of funds in holding, so today I made my first ever substantial withdraw from RS, equivalent to approximately 6% of my total portfolio.
This may be the beginning of a new strategy. Or it may not. Hopefully, the situation will remain stable long enough for me to achieve a decent 'profit' from my efforts, or at the very least to protect my own capital investment as much as possible. Well, "acceptable risk" is a very subjective judgement, so no-one can say you're wrong ... especially when both the potential risks and the available rewards are so uncertain! As it happens I think RS are handling this ok - shared risk was always an inherent part of their model and that's what they are continuing with. However, that doesn't change the risk/reward "calculation" and I think you're right. I'm also gradually running down my P2P holdings, which were already well below their peak when this all kicked off. It would be interesting to hear what your strategy is for placing the newly liberated funds. Cash rates are low and falling, and does anyone really think that we have reached "buy" in S&S?
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Post by Deleted on May 26, 2020 13:35:57 GMT
For me, S&S don't look like value when the FTSE is around the 6000 level. That's not to say there aren't opportunities in specific stocks.
I think the FTSE should still be around the 5000-5500 level. It amazes me that there can be continuous bad news and stock markets creep up with little certainty about profits or dividends.
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Post by df on May 26, 2020 13:57:21 GMT
Those who have followed my posts on here over the course of time will know that I have made many 'threats' in the past to begin withdrawing from RS in response to the many, many changes imposed on us investors but I have stuck with it.
Until now that is. No-one can accurately predict the future but In my view the risk has now become too great and the reward too low.
Although I understand the reasoning behind taking 50% of my interest and using it to bolster the Provision Fund I do not entirely agree with it. As an investor it has never been one of my strategies - nor in my view should it ever be - to bail out fellow investors (or borrowers for that matter).
So, shortly after the 'Stabilisation Period' was introduced I increased my minimum lending rates in the two markets I still actively lend in to the maximum permissable of 8% (Access) and 10% (One Year) and I will NOT go below those rates while the present situation persists. I have had quite a few more bites than I expected at 10% but more recently there has been a build up of funds in holding, so today I made my first ever substantial withdraw from RS, equivalent to approximately 6% of my total portfolio.
This may be the beginning of a new strategy. Or it may not. Hopefully, the situation will remain stable long enough for me to achieve a decent 'profit' from my efforts, or at the very least to protect my own capital investment as much as possible. Well, "acceptable risk" is a very subjective judgement, so no-one can say you're wrong ... especially when both the potential risks and the available rewards are so uncertain! As it happens I think RS are handling this ok - shared risk was always an inherent part of their model and that's what they are continuing with. However, that doesn't change the risk/reward "calculation" and I think you're right. I'm also gradually running down my P2P holdings, which were already well below their peak when this all kicked off. It would be interesting to hear what your strategy is for placing the newly liberated funds. Cash rates are low and falling, and does anyone really think that we have reached "buy" in S&S? I withdraw my early repayments and returns weekly. My liberated funds are placed into FSCS products, I’m still getting somewhere close to 2% on average, which is good in the current climate. At the moment preserving capital is more important for me than looking into other investment opportunities.
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Post by p2plender on May 26, 2020 14:01:46 GMT
I to think RS are handling this well having had time to digest things. What I don't like is how they've tinkered, manipulated and altered the markets so many times that many investors haven't a clue what they're actually invested in. They should have had the balls to drop rates in an open and straightforward manner rather than these silly max, access, plus and however else they can re-brand. They lost the plot 18 months ago, hence why I'm off.
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Post by scepticalinvestor on May 26, 2020 18:42:24 GMT
I too think that RS are doing a decent job in the circumstances, but only the fullness time will tell if I'm correct in that assessment.
The risk-reward proposition was questionable pre Covid and even more so now. Rewards are capped at a modest interest rate while risks to capital are high.
Once my RYI comes through (if and when my position in the queue is reached), about a third goes into FSCS protected cash+NS&I PBs for the time being, a third will be drip fed into up to 65% LTV first charge property loans on Lendinvest and the remaining will go into our S&S ISAs to be held in cash for purchasing div dist FTSE index funds if/when there is a dip to 5500 levels or so.
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Post by shanghaiscouse on May 26, 2020 20:08:24 GMT
Those who have followed my posts on here over the course of time will know that I have made many 'threats' in the past to begin withdrawing from RS in response to the many, many changes imposed on us investors but I have stuck with it.
Until now that is. No-one can accurately predict the future but In my view the risk has now become too great and the reward too low.
Although I understand the reasoning behind taking 50% of my interest and using it to bolster the Provision Fund I do not entirely agree with it. As an investor it has never been one of my strategies - nor in my view should it ever be - to bail out fellow investors (or borrowers for that matter).
So, shortly after the 'Stabilisation Period' was introduced I increased my minimum lending rates in the two markets I still actively lend in to the maximum permissable of 8% (Access) and 10% (One Year) and I will NOT go below those rates while the present situation persists. I have had quite a few more bites than I expected at 10% but more recently there has been a build up of funds in holding, so today I made my first ever substantial withdraw from RS, equivalent to approximately 6% of my total portfolio.
This may be the beginning of a new strategy. Or it may not. Hopefully, the situation will remain stable long enough for me to achieve a decent 'profit' from my efforts, or at the very least to protect my own capital investment as much as possible. Find this hard to understand. You lent money via RS, which as a provision fund system as its USP, so you have always been bailing out fellow investors. I love the way you type NOT in capitals, which reminds me of a naughty girl. Frankly, if you have only pulled out 6% and didn't do a full RYI two months ago, you are sitting on a big unrealised loss.
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Post by Badly Drawn Stickman on May 26, 2020 20:16:14 GMT
Those who have followed my posts on here over the course of time will know that I have made many 'threats' in the past to begin withdrawing from RS in response to the many, many changes imposed on us investors but I have stuck with it. Until now that is. No-one can accurately predict the future but In my view the risk has now become too great and the reward too low.
Although I understand the reasoning behind taking 50% of my interest and using it to bolster the Provision Fund I do not entirely agree with it. As an investor it has never been one of my strategies - nor in my view should it ever be - to bail out fellow investors (or borrowers for that matter).
So, shortly after the 'Stabilisation Period' was introduced I increased my minimum lending rates in the two markets I still actively lend in to the maximum permissable of 8% (Access) and 10% (One Year) and I will NOT go below those rates while the present situation persists. I have had quite a few more bites than I expected at 10% but more recently there has been a build up of funds in holding, so today I made my first ever substantial withdraw from RS, equivalent to approximately 6% of my total portfolio. This may be the beginning of a new strategy. Or it may not. Hopefully, the situation will remain stable long enough for me to achieve a decent 'profit' from my efforts, or at the very least to protect my own capital investment as much as possible. Find this hard to understand. You lent money via RS, which as a provision fund system as its USP, so you have always been bailing out fellow investors. I love the way you type NOT in capitals, which reminds me of a naughty girl. Frankly, if you have only pulled out 6% and didn't do a full RYI two months ago, you are sitting on a big unrealised loss. Well you learn something everyday. I had no idea typing not in capitals was indicative of being a naughty girl.
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
Likes: 322
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Post by beagle on May 26, 2020 20:49:45 GMT
Those who have followed my posts on here over the course of time will know that I have made many 'threats' in the past to begin withdrawing from RS in response to the many, many changes imposed on us investors but I have stuck with it.
Until now that is. No-one can accurately predict the future but In my view the risk has now become too great and the reward too low.
Although I understand the reasoning behind taking 50% of my interest and using it to bolster the Provision Fund I do not entirely agree with it. As an investor it has never been one of my strategies - nor in my view should it ever be - to bail out fellow investors (or borrowers for that matter).
So, shortly after the 'Stabilisation Period' was introduced I increased my minimum lending rates in the two markets I still actively lend in to the maximum permissable of 8% (Access) and 10% (One Year) and I will NOT go below those rates while the present situation persists. I have had quite a few more bites than I expected at 10% but more recently there has been a build up of funds in holding, so today I made my first ever substantial withdraw from RS, equivalent to approximately 6% of my total portfolio.
This may be the beginning of a new strategy. Or it may not. Hopefully, the situation will remain stable long enough for me to achieve a decent 'profit' from my efforts, or at the very least to protect my own capital investment as much as possible. Find this hard to understand. You lent money via RS, which as a provision fund system as its USP, so you have always been bailing out fellow investors. I love the way you type NOT in capitals, which reminds me of a naughty girl. Frankly, if you have only pulled out 6% and didn't do a full RYI two months ago, you are sitting on a big unrealised loss. or no loss and money earning...
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Post by shanghaiscouse on May 27, 2020 8:18:28 GMT
yes, i am sure RS has found the magic formula where only it is not facing huge write-offs. at the moment, the real provision fund is the government bale out of the entire economy. once that ends, the bad debts will mount and Rs's little provision fund - which is largely UNFUNDED because its adequacy is based on future contributions of £23m-ish, not its current cash balance of only £5m-ish - will sink into the sea of debt. Once debts start going bad then contributions into the fund will reduce, which will have an exponential impact on the amount of interest (and eventually capital) that they have to dock from you.
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coogaruk
Hello everyone! Anyone remember me?
Posts: 706
Likes: 464
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Post by coogaruk on May 27, 2020 11:44:27 GMT
Find this hard to understand. You lent money via RS, which as a provision fund system as its USP, so you have always been bailing out fellow investors. I love the way you type NOT in capitals, which reminds me of a naughty girl. Frankly, if you have only pulled out 6% and didn't do a full RYI two months ago, you are sitting on a big unrealised loss. Well for what it's worth I've recently found you to be one of the most rude and obnoxious posters to this forum. Read the following and perhaps you might learn something:-
- Prior to the Stabilisation Period the Provision Fund was funded exclusively by borrowers, so until recently I have never been bailing out fellow investors
- Perhaps I should use bold or something like *this* next time I wish to emphasise a point then, so as not to upset or offend the likes of YOU.
- I 'pulled out' the majority of funds which were sitting in my Holding Account, which equated to about 6% of my portfolio and why I headed up my post Time to reduce my exposure
- Having previously made very decent returns overall at both Funding Circle & Zopa before winding down my investments there, I'll happily update you on any losses I make at RateSetter, beginning at the end of the Stabilisation Period.
Is there anything else I can help you with today?
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Post by danny101 on May 27, 2020 11:57:18 GMT
I, m finding this very entertaining whilst having my morning coffee😂
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Post by shanghaiscouse on May 27, 2020 14:29:57 GMT
Violet Elizabeth Bott. That's what it reminded me of. Anyway, sayonara, I just got all my money RYI'd. I shall leave the pending losses for others to pick up!
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Post by danny101 on May 27, 2020 14:57:56 GMT
You will be sorely missed😁
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
Likes: 322
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Post by beagle on May 27, 2020 15:22:40 GMT
Violet Elizabeth Bott. That's what it reminded me of. Anyway, sayonara, I just got all my money RYI'd. I shall leave the pending losses for others to pick up! well aren't you a little child for a comment like that. just be polite it is a good measure of someone
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