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Wellesley & Co (W&Co) in Administration
Rate Reductions
Oct 22, 2015 21:44:25 GMT
Post by Financial Thing on Oct 22, 2015 21:44:25 GMT
Does a 0.20% rate drop really make a difference if you consider the platform to be stable and relatively safe for short term money parking? You are talking about £2 difference in interest on £10k and £14 on £100k. It seems that Wellesley considers it to be of enough significance to be worth doing. I assume that investors will respond as appropriate based on the effect on Wellesley's competitive position vs other options. Plenty of higher paying if someone is willing to accept the chance of a delay of a week or so when withdrawing, to allow time for secondary market sales. A person with £1,000 could put just £35 of it into a place delivering 12% to undo the effect of the rate cut, with a few pennies extra on top. If you consider the platforms paying 12% as safe as W&Co but if you think W&Co is safer, then this drop in interest for month to month shouldn't be significant.
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Wellesley & Co (W&Co) in Administration
Rate Reductions
Oct 14, 2015 14:56:20 GMT
Post by Financial Thing on Oct 14, 2015 14:56:20 GMT
Does a 0.20% rate drop really make a difference if you consider the platform to be stable and relatively safe for short term money parking? You are talking about £2 difference in interest on £10k and £14 on £100k.
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Post by Financial Thing on Oct 11, 2015 1:06:25 GMT
Those bond funds are extremely volatile, probably the riskiest bond funds you can buy as as risky as regular equities so be very careful I think that these funds are very volatile (everything seems to be very volatile these days including government bonds and gold) and probably aren't suitable for most people. But I don't expect my FC, AC and other P2P stuff to do well if there is another 2008 very soon, so perhaps P2P isn't suitable for most people either. When the US interest rates start to rise, those bond funds will almost certainly decline in value. The yields will also decrease. When US interest rates rise it is likely that these funds fall in value. When a bond falls in price its yield increases for new purchasers. The existing holders earn the same yield they did before the price fell. If defaults increase as a result of rising interest rates then returns may fall. Corporate bond funds yields vary as interest rates move, this depends on the fund company and what they are offering as a yield rate. They rarely remain constant. Government bond fund yields tend to remain more stable.
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Post by Financial Thing on Oct 9, 2015 20:53:06 GMT
Neither can I so I apologize for misleading you! Somebody else asked the same question. I was actually looking at the Merrill Lynch HY index ( ML HY index yield), which closed just below 8% and the Bloomberg USD High Yield Corporate Bond Index which closed over 8% yesterday (Bberg HY index). In my company pension I can access US funds that track the ML HY index with a discount so it costs just 20bp. Unfortunately, however, I can't find any UK based ETF or OEIC that replicates the ML HY index (which is odd since it's the most well-known). The only option I have on my ISA or SIPP platforms for a US HY bond tracker seems to be iShares US HY ETF. However, this has a charge of 50bp (bit ouch) and the current yield seems to be only 7.05% because it tracks the iBoxx Liquid HY Bond Capped Index. I'm not really familiar with that index (though iBoxx itself is a major player); the difference I assume will be due to the 'liquid' element, with the older off-the-run bond issues (that yield more) excluded, it also seems to have a slightly lower duration and has capped bond weightings. EDIT: this is reply to shimself question Those bond funds are extremely volatile, probably the riskiest bond funds you can buy as as risky as regular equities so be very careful. When the US interest rates start to rise, those bond funds will almost certainly decline in value. The yields will also decrease.
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Post by Financial Thing on Sept 25, 2015 23:12:23 GMT
Financial Thing, ase you suse you haven't got some typos in the title of this thsead? Off coarse and it was poorly inteshional
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Post by Financial Thing on Sept 25, 2015 13:42:59 GMT
savingstream website request: Please add our existing exposure to loans on the Live Loan screen. It will make our life as users so much simpler. Thanks
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Lendy (L) in Administration
SM fees?
Sept 25, 2015 13:37:05 GMT
Post by Financial Thing on Sept 25, 2015 13:37:05 GMT
ok thanks
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Lendy (L) in Administration
SM fees?
Sept 25, 2015 13:34:35 GMT
Post by Financial Thing on Sept 25, 2015 13:34:35 GMT
Does SS charge a fee to sell on the SM? I couldn't find the info on their website.
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Mintos
Defaults
Sept 25, 2015 12:27:41 GMT
Post by Financial Thing on Sept 25, 2015 12:27:41 GMT
So far about 8% of my portfolio is in late, all Mogo backed car loans. Some are close to 60 days past due. It will be interesting to see how Mogo handles these loans if/when they default. Will keep you posted.
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Post by Financial Thing on Sept 16, 2015 12:11:10 GMT
I have recently experienced a couple of issues I think are worth reporting so you are all aware.
Yesterday I received a double deposit in error resulting from a withdraw. I emailed support to let them know and they confirmed this to be true. They said "You have the option to either keep the extra deposit in your Barclays account or return it to your ReBS account." Not sure what that means.
Unrelated...My dashboard is showing a negative balance.
So if these types of errors are being made, how much faith do you have that everything is being accounted for correctly on the platform?
Just curious.
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Post by Financial Thing on Sept 12, 2015 3:13:56 GMT
I see R** C****** has a loan bid on REBS and on Lending Crowd. Since the % rate is half as much on LC, I wonder which loan they will drawdown? If you look on the discussion tab on this loan you'll find quite a wide debate of this very issue. On Rebs? I don't see any mention of this.
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Post by Financial Thing on Sept 11, 2015 12:04:04 GMT
I see R** C****** has a loan bid on REBS and on Lending Crowd. Since the % rate is half as much on LC, I wonder which loan they will drawdown?
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MoneyThing (MT) in Administration
Too Quiet...
Sept 9, 2015 14:52:04 GMT
Post by Financial Thing on Sept 9, 2015 14:52:04 GMT
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MoneyThing (MT) in Administration
Too Quiet...
Sept 9, 2015 13:18:45 GMT
Post by Financial Thing on Sept 9, 2015 13:18:45 GMT
Can anyone explain to me how the Moneything / Cash Shop relationship works? Is MT buying these loans from Cash Shop and owning them outright? What if Cash Shop goes belly up? Who owns the collateral?
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Post by Financial Thing on Sept 7, 2015 18:03:12 GMT
What's MLIA, GEIA and GBBA?
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