ashtondav
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Post by ashtondav on Mar 30, 2019 18:04:38 GMT
What a shame RS no longer provide the data. I can't think why they would do that. Oh, probably because the PF is up at its 150% upper target so no need to report anymore
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ashtondav
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Post by ashtondav on Mar 26, 2019 13:03:59 GMT
‘Cos it provides the wrong answers to the right question!
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ashtondav
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Post by ashtondav on Mar 26, 2019 9:53:26 GMT
Kinda like parliament and Brexit....
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ashtondav
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Post by ashtondav on Mar 25, 2019 18:18:32 GMT
85 pages of complaints and no sign of closure.
do any of you guys still buy into this cr*ppy bunch of incompetents polished pawnbroking, asset backed lender?
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ashtondav
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Post by ashtondav on Mar 23, 2019 8:48:01 GMT
RS has smelled fishy for ages. I really don’t see how they are going to cover the losses in VC,AP and in particularly VS. What are those three?
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ashtondav
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Post by ashtondav on Mar 22, 2019 16:28:47 GMT
Well I like the new colour scheme, but each to their own.
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ashtondav
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Post by ashtondav on Mar 19, 2019 13:52:25 GMT
Of course the problem is that once you've lent the money it's exposed to the PF in the (5 year) future. In your case all your 6.5% money is exposed to the current PF cover of 117%.
My own strategy would be to sell as much as possible if the PF ever hit 110% or less for a few weeks.
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ashtondav
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Post by ashtondav on Mar 19, 2019 9:44:15 GMT
I set the instruction to re invest at 6.5%. At the end of the month, if it’s not gone, I transfer it to lendingworks where it does (eventually) get lent out at 6.5%.
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ashtondav
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Post by ashtondav on Mar 18, 2019 18:46:58 GMT
Love this thread. Just love it.
FS must have bollox of cast iron and the arrogance of Putin and Stalin combined, and only survive because this forum is so badly attended by luckless punters.
Only FS could scr*w up a pawn site.
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ashtondav
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Post by ashtondav on Mar 17, 2019 10:37:26 GMT
Yep, my big wedge hoovered up at 6.5%. Saves me transferring to Lending Works.
I am though expecting an avalanche of “dumb money” with the ISA season that will depress rates for a month or so....
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ashtondav
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Post by ashtondav on Mar 15, 2019 12:10:18 GMT
7.4% with high liquidity sounds good. Is that an established robust platform. If so which one?
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ashtondav
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Post by ashtondav on Mar 15, 2019 11:23:47 GMT
Since I struggle to get 6% anywhere other than the (more unpredictable) stock market I reinvest and lap up 6%+.
Quite happy with that...
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ashtondav
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Post by ashtondav on Mar 15, 2019 11:21:02 GMT
It’s a five year product, why would you expect to sell within a month? If you want instant access there are many BS accounts offering 1% or so. You are getting 6%ish.
If there are are no buyers for your loans you are in for five years.
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ashtondav
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Post by ashtondav on Mar 12, 2019 7:49:10 GMT
Why. When lender money exceeds borrowers rates go down. When borrower money exceeds lenders, rates go up. Simple supply and demand. Why is that causing you to withdraw. I'm putting money in.
I have technological concerns about them. They need faster processing to cope with the quantity of loan contracts now in the system. Every Monday, 1st of a month, or any other "unusual" day, causes late processing. It is gradually getting worse. A year ago, Mondays were slow but all wrapped up by about midday. Now it is regularly into the late afternoon and evening.
They should at least chuck some faster hardware at it until they can address the real cause (programming).
It is costing RS money at the moment. All day today (and every Monday), lenders matched at significantly higher rates than they ought to have been able to, simply because reinvested money was not put on the market until the evening. This is eating into RS's margin.
Don’t think their margin has anything to do with rates achieved by lenders. Anyway, my 6.5% wedge was hoovered up. So very happy.
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ashtondav
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Post by ashtondav on Mar 11, 2019 18:50:18 GMT
Make the most of it.
Come April the "dumb money" will flood ino new ISAs and we (the smart money) can go on holiday for a month or two, enjoying our 6.5%+ loans...
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