ashtondav
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Post by ashtondav on Jan 24, 2020 16:59:26 GMT
Having got 4.9% in access today I would certainly miss that little red pencil ✏️
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ashtondav
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Post by ashtondav on Jan 24, 2020 16:57:40 GMT
I edited an order yesterday on Access to 4.9% and it went today. A nice surprise! But I too would have thought your earlier orders should have gone first.
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ashtondav
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Post by ashtondav on Jan 24, 2020 13:12:48 GMT
Yes, it's Ratesetter's way of, er, remaining true to it's descriptive name: "Ratesetter." I guess it won't be long until that little red pencill disappears one night, with no advance notice. I'm guessing that RS is monitoring Ratesetters to see how many set rates, rather than accept rates.
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ashtondav
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Post by ashtondav on Jan 23, 2020 16:33:02 GMT
But isn't the chance of a match at higher rates better over the weekend whereas withdrawn money just sits over the weekend?
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ashtondav
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Post by ashtondav on Jan 22, 2020 17:39:05 GMT
Unfortunately not available on cash in their ISA. So they get to keep the interest.
Crafty. Very crafty.
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ashtondav
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Post by ashtondav on Jan 22, 2020 17:36:56 GMT
Gulp! Just been quoted nearly £70 to sell £1500. I’ll just withdraw as payments come in.
Shame as LW were a favourite.
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ashtondav
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Post by ashtondav on Jan 22, 2020 12:45:37 GMT
Always good to see a view other than the 1.2% club's tedious updates...
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ashtondav
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Post by ashtondav on Jan 22, 2020 10:07:33 GMT
Er, yes you did.
”I could probably accept it if it wasn't for the fees to cancel.”
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ashtondav
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Post by ashtondav on Jan 22, 2020 10:03:57 GMT
The problem with shares is that at some point they drop by 30% to 50%. Now that’s fine if you’re young and got time for the portfolio to recover and grow (which it nearly always does). If you’re in retirement it’s a big problem.
youd have to be pretty unlucky to lose 30% of your diversified p2p portfolio.
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ashtondav
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Post by ashtondav on Jan 21, 2020 17:46:03 GMT
You don't pay a fee to cancel an offer! Just go to product, select your unmatched offers, and cancel.
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ashtondav
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Post by ashtondav on Jan 21, 2020 16:08:39 GMT
So how long has your money been sitting at 10%? Has there ever been a match at 10%?
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ashtondav
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Post by ashtondav on Jan 20, 2020 19:39:00 GMT
No sales on 18th, nor (so far) 19th. Quick, somebody stick two bob in the meter... 😁 Showing your age ! tanners, bobs, florin, the one I thought was odd when I was young, was referring to the 1/2 crown as 1/2 a dollar ( but apparently at one time 2&6 was pretty much = to 1/2 a US dollar) (for the young ones 2&6 is 12.5P) we had 1d 3d, 6d, 1 shilling, 2 shilling and 2 shilling and sixpence coins, and notes from 10shillings (50P) upwards ) and maths involving money was fun ! Yep, vividly remember 2/6 being referred to by my older, wide boy neighbours as half a dollar in the early '60s. $4 to the £. How we've sunk as an economy in 55 years. As a young lad i was fascinated by coins and in those days you could get change for your penny chews and it would include coinage dating back to Victorian times. The oldest penny i received in change was dated 1868, minted 106 years before i received it! Also plenty of 1930's florins. Shame we've lost all that history.
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ashtondav
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Post by ashtondav on Jan 19, 2020 14:22:55 GMT
Why has the provision fund notpaid out?
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ashtondav
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Post by ashtondav on Jan 19, 2020 10:41:30 GMT
I don't know about Lendy but FS email a tax statement showing your earnings losses/bad debt which will dwarf your interest.
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ashtondav
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Post by ashtondav on Jan 18, 2020 9:52:22 GMT
Early adopter here with a 1% bonus. Without that I would be out, with it I have reduced dramatically but keep a small wedge for diversification reasons only.
net of bonus I am earning 3.8% in core and 4% in plus. Either the loanbook is mismanaged or the distinction is meaningless. On her 2k in plus my wife is getting 2.63%. Staggeringly poor.
Compare and contrast with the predictable (so far!) returns from AC, RS and LW. I think Zopa, after 15 years, should be making money. It isn’t, and I firmly believe it will ditch p2p and become a bank now it has a licence. It simply doesn’t have a profitable business model.
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