oldgrumpy
Member of DD Central
Posts: 5,087 
Likes: 3,233
|
Post by oldgrumpy on Jan 14, 2015 10:27:59 GMT
So basically I'm moving money out of FC because I cannot get the interest rate I want to, because I want to spread my money amongst multiple bids (as per advice from FC) rather than just join the whole loan bid game. I'll try again (you can tell I don't like the logic of this), FC don't want my business because I follow their recommendations?  Okay.... that really p@@ses me off. Sounds like FC needs to work out which market it wants to be in.Have a great day Bobo I think it already has, and whole loans are a whole lot less hassle to them, so we are just being offered the rejected leftovers and a few large loans which the institutions/big boys prefer not to take the risk on.
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Jan 14, 2015 11:14:11 GMT
At present there are not many of these reject whole loans, because the overall loan supply is low.
Bobo, you either have to be an Autobidder and take what comes blind, or use your increasing knowledge and ability to optimise your portfolio and returns. There is no point in doing manually what Autobid will do automatically - too much time and emotion involved.
There are times to buy and times to sell and now is a time to sell. You are trying to swim against the tide and just need to wait, if you can, until it changes. I have stuck with FC through ups and downs and do not regret it.
|
|
