jw01
Posts: 62
Likes: 21
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Jan 25, 2017 18:58:41 GMT
Post by jw01 on Jan 25, 2017 18:58:41 GMT
To avoid getting sucked into low rates (eg 4%), I have switched off autoinvest. However, loans become available at any hour of the day without warning and it's easy to miss them. I suggested that they provide some notice, but their response was they couldn't do it because they did not know when a loan would complete. Their solutions were to switch on autoinvest (!) or bid manually(!!). Other platforms are able to provide a date and time for forthcoming loans by adding time after completion; why not LI? Am I the only one who finds this unsatisfactory?
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Post by carol167 on Jan 25, 2017 20:12:44 GMT
The obvious solution..... is for LendInvest to allow us to specify which rate bands we want to auto invest in like they do LTV values.
But will they though ?
I would have thought that that should have been there from the getgo with the new website.
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jw01
Posts: 62
Likes: 21
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Jan 25, 2017 23:48:31 GMT
Post by jw01 on Jan 25, 2017 23:48:31 GMT
Yes, I tried that on them some time ago. They said they don't do it! (I know they don't do it; that's why I suggested it)
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archie
Posts: 1,865
Likes: 1,860
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Jan 26, 2017 7:52:36 GMT
Post by archie on Jan 26, 2017 7:52:36 GMT
I've never used the auto-invest. Not happy with current rates or that you are locked into the loans, not worth the risk.
Withdrawn about half my investment and it's quite likely most of the rest will leave the platform as they repay.
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gibmike
Member of DD Central
What is a cynic? A man who knows the price of everything and the value of nothing.
Posts: 256
Likes: 160
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Jan 26, 2017 17:02:18 GMT
Post by gibmike on Jan 26, 2017 17:02:18 GMT
I have reduced my investment by 30% since November and I think it might drop another 40% between now and April, I am happy with 6.5%+ on LI but 5.5% and below is just not even worth considering.
Mike
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upland
Member of DD Central
Posts: 479
Likes: 175
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Jan 26, 2017 19:17:15 GMT
Post by upland on Jan 26, 2017 19:17:15 GMT
I agree , I am not looking to put any more money in. One can do better elsewhere.
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