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Post by erniec on Nov 24, 2020 17:37:01 GMT
As has been discussed ad nauseam before, the 1 year, 5 year and Access et al are all completely separate. With 1 and 5 year caught up, the 0.2 seen today is the ongoing expectation.
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star dust
Member of DD Central
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Post by star dust on Nov 24, 2020 17:55:55 GMT
I'm inclined to give it a bit longer in order to see what the likely scale of magnitude for A/P/M repayment size will be. I think there are daily fluctuations in repayments, and there wasn't much on the Access market at 3% this morning so the amount didn't entirely surprise me. October 24th was a Monday (i.e. included 3 days), but this was the result on the 24th September when new lending had apparently finished but the 1 & 5 year markets were still RYI queued, and thus still included in the payments.
Good afternoon everyone, today we have delivered £0.6m and the full update is below:
I'm expecting December to a bit lumpy too (in terms of trend spotting) with the holiday shut-downs which I assume will still occur, so it might be January before a clearer picture emerges.
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aju
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Post by aju on Nov 24, 2020 18:11:17 GMT
I'm inclined to give it a bit longer in order to see what the likely scale of magnitude for A/P/M repayment size will be. I think there are daily fluctuations in repayments, and there wasn't much on the Access market at 3% this morning so the amount didn't entirely surprise me. October 24th was a Monday (i.e. included 3 days), but this was the result on the 24th September when new lending had apparently finished but the 1 & 5 year markets were still RYI queued, and thus still included in the payments.
Good afternoon everyone, today we have delivered £0.6m and the full update is below:
I'm expecting December to a bit lumpy too (in terms of trend spotting) with the holiday shut-downs which I assume will still occur, so it might be January before a clearer picture emerges.
A good prognosis I think you are probably right there, there are probably some big players sitting in the queues along the way which might cause it to be a bit sticky some days/weeks.
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Post by pmc on Nov 25, 2020 8:23:24 GMT
I'm actually hoping for a slow down now!
My one year anniversary is on 2nd January meaning I get the £100 sign up bonus. The terms of the bonus say you must have at least £1000 invested for at least 12 months.
My RYI is currently at 2029 in the queue, so I think if the queue keeps moving at current pace I'll RYI before that date! It'll be touch and go though!
It's a big SLOW DOWN from me!
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
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Post by beagle on Nov 25, 2020 9:35:16 GMT
I'm actually hoping for a slow down now! My one year anniversary is on 2nd January meaning I get the £100 sign up bonus. The terms of the bonus say you must have at least £1000 invested for at least 12 months. My RYI is currently at 2029 in the queue, so I think if the queue keeps moving at current pace I'll RYI before that date! It'll be touch and go though! It's a big SLOW DOWN from me! It will be whatever it will be. The 200k is not really a sample of new normal but just what happened that day. Ultimately, there were weeks of surging and we were moving quickly even through the 16th which i did not expect. whatever is repaid and to those at the front is what it will be, be that 1 million or 100k. The only worry should be if it stopped and the provision fund started to drop. remember some day of the month loan repayments are bigger than others so there will be surge days and quiet ones.
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littleoldlady
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Post by littleoldlady on Nov 25, 2020 11:36:45 GMT
If I am reading it correctly, the last line on their stats page says that they expect the PF to be 9% short.
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Post by RateSetter on Nov 25, 2020 16:52:50 GMT
Good afternoon all. Today we have delivered £0.5m and the full update is below:
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aju
Member of DD Central
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Post by aju on Nov 25, 2020 17:31:06 GMT
I'm actually hoping for a slow down now! My one year anniversary is on 2nd January meaning I get the £100 sign up bonus. The terms of the bonus say you must have at least £1000 invested for at least 12 months. My RYI is currently at 2029 in the queue, so I think if the queue keeps moving at current pace I'll RYI before that date! It'll be touch and go though! It's a big SLOW DOWN from me! If you can afford it then the £100 will give you 10% return on the £1000, I guess the thing to be careful of though is what rates are you invested at. In my case we are still getting nearly 2.5% as we invested at 5% in the access. Thing is though as the PF will be winding down at some point and resetting the RYI might leave you exposed if the PF runs out. Just a thought - if it were me and only had a 1000 stuck and at my rates of 5% (2.5% after the rate reduction) then it might be a little bit of a risk. Since I will have made a fair return over the year then i'd be inclined to let run through the RYI and if I lost the 10% but get the 2.5% then i'd be happy. What is your appetite for risk - the PF has to run out at some point I'd have thought but at least the haircuts are shared across all as opposed to the defaults in Zopa that are shared on a loan basis rather than a global basis. Edit: Bit late with my stats run today so I've just noticed that it only cleared 57. There was over a 1M in loans volume today perhaps the next couple of days will be churn rather than RYI. It fluctuates. It could be close run thing though.
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Post by Badly Drawn Stickman on Nov 25, 2020 17:51:37 GMT
I'm actually hoping for a slow down now! My one year anniversary is on 2nd January meaning I get the £100 sign up bonus. The terms of the bonus say you must have at least £1000 invested for at least 12 months. My RYI is currently at 2029 in the queue, so I think if the queue keeps moving at current pace I'll RYI before that date! It'll be touch and go though! It's a big SLOW DOWN from me! If you can afford it then the £100 will give you 10% return on the £1000, I guess the thing to be careful of though is what rates are you invested at. In my case we are still getting nearly 2.5% as we invested at 5% in the access. Thing is though as the PF will be winding down at some point and resetting the RYI might leave you exposed if the PF runs out. Just a thought - if it were me and only had a 1000 stuck and at my rates of 5% (2.5% after the rate reduction) then it might be a little bit of a risk. Since I will have made a fair return over the year then i'd be inclined to let run through the RYI and if I lost the 10% but get the 2.5% then i'd be happy. What is your appetite for risk - the PF has to run out at some point I'd have thought but at least the haircuts are shared across all as opposed to the defaults in Zopa that are shared on a loan basis rather than a global basis. Possible work around to at least get some of the bonus would be to reinvest in the one year market on the repayment day keeping the qualification. Then take the relatively small hit on the one year release fee either immediately on qualification or after a short time to get a big of interest.
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aju
Member of DD Central
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Post by aju on Nov 25, 2020 18:03:38 GMT
If you can afford it then the £100 will give you 10% return on the £1000, I guess the thing to be careful of though is what rates are you invested at. In my case we are still getting nearly 2.5% as we invested at 5% in the access. Thing is though as the PF will be winding down at some point and resetting the RYI might leave you exposed if the PF runs out. Just a thought - if it were me and only had a 1000 stuck and at my rates of 5% (2.5% after the rate reduction) then it might be a little bit of a risk. Since I will have made a fair return over the year then i'd be inclined to let run through the RYI and if I lost the 10% but get the 2.5% then i'd be happy. What is your appetite for risk - the PF has to run out at some point I'd have thought but at least the haircuts are shared across all as opposed to the defaults in Zopa that are shared on a loan basis rather than a global basis. Possible work around to at least get some of the bonus would be to reinvest in the one year market on the repayment day keeping the qualification. Then take the relatively small hit on the one year release fee either immediately on qualification or after a short time to get a big of interest. Might work, certainly sounds a good idea, be just my luck though that the 1 year has a flurry a takers just after I did it.
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Post by pmc on Nov 25, 2020 18:26:56 GMT
Possible work around to at least get some of the bonus would be to reinvest in the one year market on the repayment day keeping the qualification. Then take the relatively small hit on the one year release fee either immediately on qualification or after a short time to get a big of interest. Might work, certainly sounds a good idea, be just my luck though that the 1 year has a flurry a takers just after I did it. I'm not risk adverse at all, happy to take some calculated risk on money I can afford to lose to increase chance of return. It's not all bad though I've gone from worrying that I could have to take a capital hit a couple of months ago to being very confident it'll all be returned and only worrying about whether I'll get my bonus or not. I'm actually invested at 2% after the interest hair-cut so that's actually much better than I'll get from FCA backed accounts anyway. I think I'll probably keep an eye and if it looks as if I'll RYI before the date, I'll cancel £1000 worth of my RYI and let the rest of what I've got invested come back to me. As you said it's a 10% return so worth the risk and even if it all goes tits up I'll probably get a decent portion back of the £1000 through repayments before that happens.
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aju
Member of DD Central
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Post by aju on Nov 25, 2020 18:46:23 GMT
Might work, certainly sounds a good idea, be just my luck though that the 1 year has a flurry a takers just after I did it. I'm not risk adverse at all, happy to take some calculated risk on money I can afford to lose to increase chance of return. It's not all bad though I've gone from worrying that I could have to take a capital hit a couple of months ago to being very confident it'll all be returned and only worrying about whether I'll get my bonus or not. I'm actually invested at 2% after the interest hair-cut so that's actually much better than I'll get from FCA backed accounts anyway. I think I'll probably keep an eye and if it looks as if I'll RYI before the date, I'll cancel £1000 worth of my RYI and let the rest of what I've got invested come back to me. As you said it's a 10% return so worth the risk and even if it all goes tits up I'll probably get a decent portion back of the £1000 through repayments before that happens. I'd check out if you can reduce the amount you can RYI, I managed to change one of my RYI very early up but when I wanted to reduce what I was selling later I found I could not actually change it more than once. (At the rime I was trying to reduce the amounts I was RYI'ing trying to leave funds in the 1Y and 5Y so that I would lose access to them before they reinstated them - way before the realisation that it would be months before I get the funds back!.) Good luck - be interest to see if it works.
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Post by Companion Cube on Nov 25, 2020 20:38:32 GMT
Might work, certainly sounds a good idea, be just my luck though that the 1 year has a flurry a takers just after I did it. I'm not risk adverse at all, happy to take some calculated risk on money I can afford to lose to increase chance of return. It's not all bad though I've gone from worrying that I could have to take a capital hit a couple of months ago to being very confident it'll all be returned and only worrying about whether I'll get my bonus or not. I'm actually invested at 2% after the interest hair-cut so that's actually much better than I'll get from FCA backed accounts anyway. I think I'll probably keep an eye and if it looks as if I'll RYI before the date, I'll cancel £1000 worth of my RYI and let the rest of what I've got invested come back to me. As you said it's a 10% return so worth the risk and even if it all goes tits up I'll probably get a decent portion back of the £1000 through repayments before that happens. I suppose if you temporarily had a bit of spare cash around the time that you are near FYI then you could add to your account to bring the balance up to your instruction amount plus £1K. This would be the amortised payments since the instruction plus the £1K plus any anticipated amortised payments up to FYI. This would ensure that your invested balance never dropped below £1K for even a second.
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Post by RateSetter on Nov 26, 2020 17:06:07 GMT
Good afternoon everyone. Today we have delivered £0.9m and the full update follows below:
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Post by RateSetter on Nov 27, 2020 16:46:25 GMT
Good afternoon, today we've delivered £0.5m and the full update is below:
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