ashtondav
Member of DD Central
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Post by ashtondav on Jul 21, 2023 14:53:53 GMT
What’s DD?
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mogish
Member of DD Central
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Post by mogish on Jul 21, 2023 18:02:12 GMT
As a member I guess you already know? Deluded & decieved Direct debit Drunk and disorderly
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mogish
Member of DD Central
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Post by mogish on Aug 14, 2023 16:26:20 GMT
Unlent cash now at 6.19%.
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Post by Ace on Aug 14, 2023 16:49:35 GMT
My accounts are up a bit too, but only to 2.6% and 3.1%.
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mogish
Member of DD Central
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Post by mogish on Aug 15, 2023 6:36:32 GMT
My accounts are up a bit too, but only to 2.6% and 3.1%. My max loan is set at £120 maybe yours is higher, however my loans are only for a fiver at a time. In guessing theres not a lot of business at Ub right now which is strange considering market conditions.
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Post by Ace on Aug 15, 2023 6:56:33 GMT
My accounts are up a bit too, but only to 2.6% and 3.1%. My max loan is set at £120 maybe yours is higher, however my loans are only for a fiver at a time. In guessing theres not a lot of business at Ub right now which is strange considering market conditions. Both of my accounts are currently set to £2k max, but the vast majority of my loans are still a fiver.
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firedog
Member of DD Central
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Post by firedog on Aug 15, 2023 7:01:46 GMT
My max loan is set at £120 maybe yours is higher, however my loans are only for a fiver at a time. In guessing theres not a lot of business at Ub right now which is strange considering market conditions. Both of my accounts are currently set to £2k max, but the vat majority of my loans are still a fiver. I don't have any cash drag to speak of but I'm sure my balance is much smaller than yours. In their Financial Thing interview the other week, they suggested that was a good balance between borrower and lender right now; or at least more than at some periods recently.
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Post by Ace on Aug 15, 2023 7:15:07 GMT
I'm really not bothered by 3% cash drag. Even if that was permanent it would only cut the annual return from 10.2% to 9.9%. But its interesting to hear that its crept up to 6% drag for others. Something to keep an eye on.
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mogish
Member of DD Central
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Post by mogish on Aug 16, 2023 6:14:23 GMT
I'm really not bothered by 3% cash drag. Even if that was permanent it would only cut the annual return from 10.2% to 9.9%. But its interesting to hear that its crept up to 6% drag for others. Something to keep an eye on. I will keep an eye on this. Hopefully unlent funds will improve. Once it reaches my idle funds limit it will be moved to LW. Pity as its hassle free and I like to spread the risk
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n
Member of DD Central
Yet another Nick
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Post by n on Aug 16, 2023 7:25:22 GMT
I'm really not bothered by 3% cash drag. Even if that was permanent it would only cut the annual return from 10.2% to 9.9%. But its interesting to hear that its crept up to 6% drag for others. Something to keep an eye on. I will keep an eye on this. Hopefully unlent funds will improve. Once it reaches my idle funds limit it will be moved to LW. Pity as its hassle free and I like to spread the risk LW?
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ashtondav
Member of DD Central
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Post by ashtondav on Aug 16, 2023 10:36:48 GMT
At a guess LendWise. Still don’t know why they don’t have a board on this forum…
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on Aug 16, 2023 12:14:28 GMT
Start one
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mogish
Member of DD Central
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Post by mogish on Aug 16, 2023 15:13:20 GMT
Sorry meant LP Loanpad. Have LW lending works on the brain as I have a small balance with them that I want to withdraw but they insist it must stay until either loans paid off or out of recovery.
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Post by df on Aug 16, 2023 18:39:41 GMT
My accounts are up a bit too, but only to 2.6% and 3.1%. The same here, 2.6% atm. I tend to keep it between 1% and 3%. XIRR is 8.4% (investing since Dec 2016).
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mogish
Member of DD Central
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Post by mogish on Sept 6, 2023 20:00:06 GMT
Anyones cash drag improved? I'm still around 8% sitting idle, made 2 withdrawals recently or it would've been worse. Either a big influx of investors or serious drop of in business. Pity as i like UB.
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