spiral
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Post by spiral on Apr 7, 2015 9:07:03 GMT
Of course, the thing to do on a day like today, when the repayment run is a long one, is to manually put your money in from your holding account at the probable market rate (6.2% today?) But that is only preferable if you believe that 6.7% will not be achieved in the next 90 days as the rate difference within that time period on average makes up for the lost interest whilst the money is sitting idle (~14 days per 0.1%). The only time I believe it is worthwhile to undercut this approach is when building up an investment base and you want to get it all out the door quickly ready for your next tranche. Of course the emphisis in my statement is on the word "believe" and what you place your money at has to be based on what you believe will happen in the future, I am an optimist although 3 months ago if posting this, I wouldn't have gone anywhere near as high as the high 6's.
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oldgrumpy
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Post by oldgrumpy on Apr 7, 2015 9:10:07 GMT
Hence my words, "it helps a bit at higher rates too," which is where my reinvested money usually goes. I will be looking again in a couple of weeks .
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Post by GSV3MIaC on Apr 7, 2015 13:04:07 GMT
But that's just my personal opinion and not a recommendation or advice. Who knows it could spike later in the month but I don't think it will. I can always change it later if too much piles up in the account (or I get fed up with the daily emails telling me that I have money in my account not earning) You do know you can turn those damn emails off, don't you?
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spiral
Member of DD Central
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Post by spiral on Apr 7, 2015 13:43:36 GMT
You do know you can turn those damn emails off, don't you? I know, but no one else writes to me
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Post by GSV3MIaC on Apr 7, 2015 17:03:49 GMT
You do know you can turn those damn emails off, don't you? I know, but no one else writes to me What, not even begging letters from deceased Nigerian Billionaires and would-be Russian Brides???
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