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Post by musicman62 on Nov 29, 2022 11:37:15 GMT
Newbie here as far as marketplace withdrawals goes, I've been withdrawing only when loans have been repaid but I would now like to speed it up, as I'm sure lots of us would. How do you determine an effective discount to set the withdrawal to, is it try it and see or can you view the queue and requested discounts? Can I see what is being requested and where I am in it?
I just tried a £200 withdraw at 3% discount and so far £4 has come back, but it would be useful to see how this relates to the whole queue.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,848 
Likes: 11,077
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Post by ilmoro on Nov 29, 2022 11:42:01 GMT
Newbie here as far as marketplace withdrawals goes, I've been withdrawing only when loans have been repaid but I would now like to speed it up, as I'm sure lots of us would. How do you determine an effective discount to set the withdrawal to, is it try it and see or can you view the queue and requested discounts? Can I see what is being requested and where I am in it? I just tried a £200 withdraw at 3% discount and so far £4 has come back, but it would be useful to see how this relates to the whole queue. Trial & error. If someone wants in at a discount then that will show when you go to place your sell order but otherwise youre fishing to see what level of discount attracts buyers. There is no visibility of the queue. Promised but never delivered.
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victors
Member of DD Central
Posts: 157
Likes: 86
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Post by victors on Nov 29, 2022 12:15:58 GMT
I invested earlier at 1.5 % discoun,t so 3% should have been matched first.
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Post by musicman62 on Nov 29, 2022 18:59:52 GMT
The 3% sale went through soon after my post. It was clearly too high but without visibility of the queue how do we know where to set it? Ratesetter was much more informative.
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Post by Ace on Nov 29, 2022 20:32:17 GMT
A discount of 5.99% is currently being offered on the Access Accounts. That's akin to 1 year bond at 10% with a protection fund! OK, the term is very uncertain, could be shorter or longer, but I'm almost tempted.
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Post by Ton ⓉⓞⓃ on Nov 29, 2022 21:29:55 GMT
A discount of 5.99% is currently being offered on the Access Accounts. That's akin to 1 year bond at 9% with a protection fund! OK, the term is very uncertain, could be shorter or longer, but I'm almost tempted.
Just now (21.48pm 29.11.22), I'm being offered the following
Follow-on from the above these are my subsequent "Buy In Offers"
| Date | Value In
| deal %
| Buys
| Roughly
7.12.22
| £100
£1000
| 1.09
1.02
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| 14.12.22
18.45pm
| £100
£1000
| 2.39
2.39
| £102.45
£1024.59
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m2btj
Member of DD Central
Posts: 626
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Post by m2btj on Nov 30, 2022 8:37:50 GMT
There's going to be some bargains to be had, just like the last Covid restricted withdrawals period. I picked up some good deals early on but within a few weeks the market started to even out as the discounts fell. To be fair, it worked reasonably well then. Desperate sellers were able to sell & investors were able to make some good buys. I made one discounted sale & regretted it in hindsight.
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scooter
Member of DD Central
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Post by scooter on Dec 7, 2022 16:34:14 GMT
Would it be wrong to implore investors to invest in this lender with the extraordinary   interest rates so that I can get my money out after giving 90 days notice? I don't suppose it occurred to them to put up interest rates to half decent amounts did it? They said they would pass on my suggestions when I spoke to them.... Heck, I really hoped they had brighter people than me at the top navigating the tough times... Hopefully it will sort itself out in the new year, but I have had enough of them. |
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mikes1531
Member of DD Central
Posts: 6,452
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Post by mikes1531 on Dec 7, 2022 21:48:28 GMT
Would it be wrong to implore investors to invest in this lender with the extraordinary  interest rates so that I can get my money out after giving 90 days notice? : Start by giving the 90-day notice. When that's up, you can see what discounts are like and decide what to do next.
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Post by oppsididitagain on Dec 8, 2022 11:06:47 GMT
maybe not the correct investment thing to do , but Ive moved 95% of my cash from AA to 90AA, at least Im getting 0.6% more than the non AA (which if the sh!t hits the fan it will make no difference anyways)
The monthly interest repayments will be more and it will enable me to pay more later to get my money out (if that makes sense)
Lets see what happens
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blender
Member of DD Central
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Post by blender on Dec 8, 2022 11:44:42 GMT
maybe not the correct investment thing to do , but Ive moved 95% of my cash from AA to 90AA, at least Im getting 0.6% more than the non AA (which if the sh!t hits the fan it will make no difference anyways) The monthly interest repayments will be more and it will enable me to pay more later to get my money out (if that makes sense) Lets see what happens I think you are just trying to get the award from Assetz for Post of the Month.
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interest rates so that I can get my money out after giving 90 days notice? I don't suppose it occurred to them to put up interest rates to half decent amounts did it?
