Investboy
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Trying to recover from P2P revolution
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Post by Investboy on Oct 30, 2015 9:59:41 GMT
Last Matched Rates from just now:
MONTHLY 3.2% at 09:47 1 YEAR 3.8% at 08:44 3 YEAR INCOME 6.0% at 09:19 5 YEAR INCOME 5.7% at 08:31
How is that possible? Can someone explain why?
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Post by GSV3MIaC on Oct 30, 2015 11:30:29 GMT
Hush your mouth chile, that was a well kept secret!! 8>. Well, OK, I guess there's still only a few hundred folks going to pile in, so my 6.1% will likely still fly.
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Investboy
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Trying to recover from P2P revolution
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Post by Investboy on Nov 4, 2015 10:17:27 GMT
Its happening again. 0.6 difference between 5yr and 3yr. As suggested I think I'll stick with 3 yrs and also I'm rediscovering 1 month loans.
Last Matched Rates
MONTHLY 3.2% at 10:07 1 YEAR 4.1% at 17:13 3 YEAR INCOME 5.4% at 09:02 5 YEAR INCOME 4.8% at 10:07
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Post by yorkman on Nov 4, 2015 10:38:26 GMT
It gets worse...
and I now have £1.6m in front of me in the five year market!
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Post by lb on Nov 4, 2015 10:45:54 GMT
It gets worse... and I now have £1.6m in front of me in the five year market! Obviously (for whatever reason) RS want new money in monthly and 3 year right now and so they have set the rates accordingly ...
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Post by yorkman on Nov 4, 2015 11:36:10 GMT
Phew! Only £1.4m in front of me now. So that's a relief
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oldgrumpy
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Post by oldgrumpy on Nov 4, 2015 11:47:14 GMT
I withdrew from 5yr yesterday, but I was in front of you anyway, so that won't help you along! I wonder how things will be on 4 December. Took a temporary position in the monthly (but not at 1%!!!! Took 3.7%/3.6%)
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Investor
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Post by Investor on Nov 4, 2015 13:55:10 GMT
Since 1/9/2015 I have been mapping the RS 5yr MMR against the AGR on the forum. I have attached the graph which shows an accurate direct inverse correlation between the two until the last two days where a marked discrepancy seems to be occuring. Purple line is the RS 5yr MMR daily Red line is the AGR (Average Grumpiness Rating) again tracked daily
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oldgrumpy
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Post by oldgrumpy on Nov 4, 2015 15:01:02 GMT
You may need to extend that graph. Scenario. 1. Monday. Set MR for 5year at 6.0%. "Find" a few £100K of borrower offers at 5.8% or 5.9%. That encourages money in at those rates and plenty of lending goes on at those rates, but not much of the MR 6.0% gets lent, thus making the weighted average for the next day go down to 5.9% 2. Tuesday. Set new MR at 5.9% (including yesterday's 6.0% MR money) Quite quickly, "find" another tranche of borrower offers at around 5.7%, thus encouraging new lender money at that rate. Lend out lots of tody's incoming money at 5.7%/5.8% but not that MR money which is sitting at 5.9%(formerly 6.0%). Had a good day RS? Oh look, the weighted average for tomorrow's MR will be 5.7%. 3. Wednesday. Set new MR at 5.7% (which includes a lot of the money not lent at yesterday's MR of 5.9%, or Monday's 6.0%). Crikey.. look at all those new borrower offers at 5.5%!!! "Lend right now rate" has been 4.8/5.0/5.5% ish" during the morning, and a steady flow of such money means lots of loans can be made today without using much of the MR cash (5.7%) so tomorrow's MR weighted can be 5.5% etc etc etc. * edit: it is actually 5.6%The amount of money queued up at recent rates is now way over £1.5M (Well, that's their fault isn't it? Using "your rate" gets people stranded. Tough. Agreed). We all know that RS is totally transparent, and does not manipulate rates (back to sleep yorkshireman ) it's the city boys. I must have it all wrong, but how does RS really decide what borrower offers show, and how does that really influence other procedures. I anticipate future AGR measurements with interest ................ ha! .... with interest ...ohh, dear NURSE!!!!!!!!!!!!!!!! * and soon after 9am RS will have found a big tranche of borrower offers at 5.6% 5,5% 5.4% 5.3% .... edit: the tranche was 5.4%, soon became 5.5%!
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adrianc
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Post by adrianc on Nov 4, 2015 17:27:01 GMT
What rate do the AGR and 5yr cross over at?
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oldgrumpy
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Post by oldgrumpy on Nov 4, 2015 18:18:05 GMT
Well, according to Investor 's graph*, it would occur when MR is 6.6/6.7%, and that makes sense, because I usually manage MR + a bit, so that would make about 6.8/6.9% which is something I like, but don't actually expect to get though when that happens I often drop in a quick extra couple of quid, then withdraw the following week's repayments back if rates drop and I'm feeling stony/brassic! I see there's a new offer for newbies; invest £200 and get a free £20 put into the "monthly" (doesn't say what rate, but that's irrelevant for a score, over 31 days). Kev, can you get that new customer £20 bonus footer off our active/existing customer screens please? it's disrupting our view. * which I note does not show evidence of grumpbluff error margins.
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Post by westonkevRS on Nov 5, 2015 7:44:49 GMT
Kev, can you get that new customer £20 bonus footer off our active/existing customer screens please? it's disrupting our view. Hi oldgrumpy , I've fed your message back to Marketing. No promises, but your request is reasonable. Not sure how they can do it, perhaps using known IP addresses of customers. Although I don't think it occurs in the logged in members area.... So the trick is to stay logged in and lending! Kevin.
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oldgrumpy
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Post by oldgrumpy on Nov 5, 2015 11:31:00 GMT
'morning Kev. I am logged in, but it's always there at the bottom of the screen I see someone else has requested this on another thread. Attachments:
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registerme
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Post by registerme on Nov 5, 2015 13:24:17 GMT
Weird, I don't see that.
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Post by westonkevRS on Nov 5, 2015 17:01:36 GMT
'morning Kev. I am logged in, but it's always there at the bottom of the screen I see someone else has requested this on another thread. Could you test it for me? Should be changed now (or perhaps tomorrow once software has been updated). Existing users shouldn't see the pop-up, at least not whilst in the members area.
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