mogish
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Post by mogish on Oct 30, 2023 18:49:53 GMT
Both of my accounts are holding over 10% in cash following large repayments today (one is 10.4% cash and the other is 10.6% cash). Same here.. over 10% uninvested. Would have been more but made some withdrawls recently.. just made another withdrawal tonight so im down to my self imposed minimal idle cash value. Might aswell make returns at LP than a potential on UB.
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Post by Ace on Oct 30, 2023 19:12:23 GMT
Both of my accounts are holding over 10% in cash following large repayments today (one is 10.4% cash and the other is 10.6% cash). Same here.. over 10% uninvested. Would have been more but made some withdrawls recently.. just made another withdrawal tonight so im down to my self imposed minimal idle cash value. Might aswell make returns at LP than a potential on UB. I understand the sentiment. I've seen periods of high cash drag on UB before, but haven't given in to the temptation to withdraw yet. Some large loans usually come along to consume the spare cash eventually. Even with 10% cash drag on UB I'd still be achieving a 9.2% return compared with the 6.5% on Loanpad (ignoring the compounding on both). I'm also concerned that reducing my UB balance will reduce my allocation in future loans putting me in a downward capital reduction spiral. I already have quite a bit more in Loanpad than Unbolted. Very happy with both over the the longer term so far.
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mogish
Member of DD Central
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Post by mogish on Oct 31, 2023 7:24:45 GMT
Same here.. over 10% uninvested. Would have been more but made some withdrawls recently.. just made another withdrawal tonight so im down to my self imposed minimal idle cash value. Might aswell make returns at LP than a potential on UB. I understand the sentiment. I've seen periods of high cash drag on UB before, but haven't given in to the temptation to withdraw yet. Some large loans usually come along to consume the spare cash eventually. Even with 10% cash drag on UB I'd still be achieving a 9.2% return compared with the 6.5% on Loanpad (ignoring the compounding on both). I'm also concerned that reducing my UB balance will reduce my allocation in future loans putting me in a downward capital reduction spiral. I already have quite a bit more in Loanpad than Unbolted. Very happy with both over the the longer term so far. Capital reduction and missing out on potential new loans is in the back of my mind. As I approach retirement the need to hang onto capital is more of a focus. I guess the negative returns on my stocks is contributing to me having to make positive returns elsewhere. I've also transferred out my isa from Lp recently( again risk reduction)so can now move money back to Lp
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Post by df on Nov 1, 2023 18:30:30 GMT
Same here.. over 10% uninvested. Would have been more but made some withdrawls recently.. just made another withdrawal tonight so im down to my self imposed minimal idle cash value. Might aswell make returns at LP than a potential on UB. I understand the sentiment. I've seen periods of high cash drag on UB before, but haven't given in to the temptation to withdraw yet. Some large loans usually come along to consume the spare cash eventually. Even with 10% cash drag on UB I'd still be achieving a 9.2% return compared with the 6.5% on Loanpad (ignoring the compounding on both). I'm also concerned that reducing my UB balance will reduce my allocation in future loans putting me in a downward capital reduction spiral. I already have quite a bit more in Loanpad than Unbolted. Very happy with both over the the longer term so far. My cash drag is 3.4% at this minute. I keep withdrawing as my cash balance get over my self-imposed threshold. Withdrawn money go into savings accounts that pay between 5.2% and 8%. Most of allocations on UB are £5, large loans are rare - I don't see much point maintaining cash drag higher than 4%. My XIRR is 8.41%, lower than yours, but withdrawn cash is also earning a decent interest which could be more profitable than keeping it as idle funds in hope for larger allocations.
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Post by Ace on Nov 1, 2023 20:57:36 GMT
I understand the sentiment. I've seen periods of high cash drag on UB before, but haven't given in to the temptation to withdraw yet. Some large loans usually come along to consume the spare cash eventually. Even with 10% cash drag on UB I'd still be achieving a 9.2% return compared with the 6.5% on Loanpad (ignoring the compounding on both). I'm also concerned that reducing my UB balance will reduce my allocation in future loans putting me in a downward capital reduction spiral. I already have quite a bit more in Loanpad than Unbolted. Very happy with both over the the longer term so far. My cash drag is 3.4% at this minute. I keep withdrawing as my cash balance get over my self-imposed threshold. Withdrawn money go into savings accounts that pay between 5.2% and 8%. Most of allocations on UB are £5, large loans are rare - I don't see much point maintaining cash drag higher than 4%. My XIRR is 8.41%, lower than yours, but withdrawn cash is also earning a decent interest which could be more profitable than keeping it as idle funds in hope for larger allocations. I guess we all have to do what we're most comfortable with, and I get it that there is value in moving idle funds where they benefit from FSCS protection. However, assuming no losses* and ignoring UB compounding, the cash drag on Unbolted would need to be more than 21.5% before it was more profitable to move them to an account paying 8%. And even then, the only account I'm aware of that pays 8% only allows £200 per month deposit. So only relevant if you couldn't otherwise fund that account. * I realise that the "no losses" assumption is impossible to put a value on .
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michaelc
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Post by michaelc on Nov 1, 2023 22:28:53 GMT
My cash drag is 3.4% at this minute. I keep withdrawing as my cash balance get over my self-imposed threshold. Withdrawn money go into savings accounts that pay between 5.2% and 8%. Most of allocations on UB are £5, large loans are rare - I don't see much point maintaining cash drag higher than 4%. My XIRR is 8.41%, lower than yours, but withdrawn cash is also earning a decent interest which could be more profitable than keeping it as idle funds in hope for larger allocations. I guess we all have to do what we're most comfortable with, and I get it that there is value in moving idle funds where they benefit from FSCS protection. However, assuming no losses* and ignoring UB compounding, the cash drag on Unbolted would need to be more than 21.5% before it was more profitable to move them to an account paying 8%. And even then, the only account I'm aware of that pays 8% only allows £200 per month deposit. So only relevant if you couldn't otherwise fund that account. * I realise that the "no losses" assumption is impossible to put a value on . Its the enormous elephant in the room.
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Post by df on Nov 1, 2023 23:56:14 GMT
My cash drag is 3.4% at this minute. I keep withdrawing as my cash balance get over my self-imposed threshold. Withdrawn money go into savings accounts that pay between 5.2% and 8%. Most of allocations on UB are £5, large loans are rare - I don't see much point maintaining cash drag higher than 4%. My XIRR is 8.41%, lower than yours, but withdrawn cash is also earning a decent interest which could be more profitable than keeping it as idle funds in hope for larger allocations. I guess we all have to do what we're most comfortable with, and I get it that there is value in moving idle funds where they benefit from FSCS protection. However, assuming no losses* and ignoring UB compounding, the cash drag on Unbolted would need to be more than 21.5% before it was more profitable to move them to an account paying 8%. And even then, the only account I'm aware of that pays 8% only allows £200 per month deposit. So only relevant if you couldn't otherwise fund that account. * I realise that the "no losses" assumption is impossible to put a value on . In my FSCS portfolio I have two paying 8%, Nationwide £200pm and Monmouthshire £300pm. 7% range - FD 300pm, Santander Edge saver £8k permanent, YBS loyalty £500pm. Many 6%+... it all adds up. I have hardly any funds earning less than 5.2%, under 5.2% pot is very little and serve strategic reasons only. Of course FSCS protection plays an important role in decision making, I prefer less risk and guaranteed return. Not given up on p2p though - still active in UB, Rebs, Q and EM.
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benaj
Member of DD Central
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Post by benaj on Nov 2, 2023 8:16:15 GMT
In my FSCS portfolio I have two paying 8%, Nationwide £200pm and Monmouthshire £300pm. 7% range - FD 300pm, Santander Edge saver £8k permanent, YBS loyalty £500pm. Many 6%+... it all adds up. I have hardly any funds earning less than 5.2%, under 5.2% pot is very little and serve strategic reasons only. Of course FSCS protection plays an important role in decision making, I prefer less risk and guaranteed return. Not given up on p2p though - still active in UB, Rebs, Q and EM. df, is it possible to have two YBS 7% saver accounts? One eSaver and other opened by post?
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Post by df on Nov 2, 2023 13:00:00 GMT
In my FSCS portfolio I have two paying 8%, Nationwide £200pm and Monmouthshire £300pm. 7% range - FD 300pm, Santander Edge saver £8k permanent, YBS loyalty £500pm. Many 6%+... it all adds up. I have hardly any funds earning less than 5.2%, under 5.2% pot is very little and serve strategic reasons only. Of course FSCS protection plays an important role in decision making, I prefer less risk and guaranteed return. Not given up on p2p though - still active in UB, Rebs, Q and EM. df , is it possible to have two YBS 7% saver accounts? One eSaver and other opened by post? I didn't try, but according to published product details you can't have 2 of them. "You can only hold one Loyalty Regular eSaver 2023 or Loyalty Regular Saver 2023 account in your name." "If you are named as Main Holder on more than one Loyalty Regular eSaver 2023 account, the most recent account opened will be transferred to an easy access online account."
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mogish
Member of DD Central
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Post by mogish on Nov 8, 2023 17:14:52 GMT
Back up to 10% idle cash after several withdrawals. Shame.
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Post by Ace on Nov 8, 2023 17:34:56 GMT
Back up to 10% idle cash after several withdrawals. Shame. Leaving the funds on the platform isn't working either. I'm up to 14.5% cash in both accounts now.
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Post by overthehill on Nov 8, 2023 18:06:11 GMT
Back up to 10% idle cash after several withdrawals. Shame. Leaving the funds on the platform isn't working either. I'm up to 14.5% cash in both accounts now. I refer to my recent post about Assetzcapital ! Lack of loans could be one of the best indicators of a platform's integrity and competence. Investors are hard to please all of the time.
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Post by df on Nov 8, 2023 19:58:38 GMT
Back up to 10% idle cash after several withdrawals. Shame. I've made a withdrawal yesterday and mine is 2.5% now. Today I had just one £5 loan, yesterday I had 5 loans ranging between £5 and £7.37 - I don't think these allocations would've been significantly larger if I had quadruple percentage of idle cash in UB.
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Post by Ace on Nov 8, 2023 20:27:26 GMT
Back up to 10% idle cash after several withdrawals. Shame. I've made a withdrawal yesterday and mine is 2.5% now. Today I had just one £5 loan, yesterday I had 5 loans ranging between £5 and £7.37 - I don't think these allocations would've been significantly larger if I had quadruple percentage of idle cash in UB. I got nothing in either account today. I had 4 loans in each yesterday between £5 and £41, for a total of total of ~£93 in each account.
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Post by df on Nov 8, 2023 20:56:17 GMT
I've made a withdrawal yesterday and mine is 2.5% now. Today I had just one £5 loan, yesterday I had 5 loans ranging between £5 and £7.37 - I don't think these allocations would've been significantly larger if I had quadruple percentage of idle cash in UB. I got nothing in either account today. I had 4 loans in each yesterday between £5 and £41, for a total of total of ~£93 in each account. On Monday I also had only one which was £5, it is very random. Yesterday my total was £29.82, approx a third of what you got.
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