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Post by RateSetter on Apr 7, 2020 17:44:22 GMT
Good evening all. Today we have delivered £1.2m and the updated RateSetter Notice is below.
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Post by captaincodeman on Apr 7, 2020 18:15:15 GMT
I mostly agree, although dividend levels may be cut significantly so current yields aren't really a guide (but do your own research obviously). Definitely, there's always a risk, but it could be argued that a large $multi-billion company with decades-long track record of dividend payments (and often increases) is less risky than a personal loan to Anonymous-Joe-Whoever. Any investment is balancing risk vs reward and the current situation has changed many of the parameters so there are significantly greater rewards available (and not just the dividend yield, the share prices themselves are another potential source of quick profit). I'm just suggesting it as an explanation for _some_ of the withdrawals from RS.
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sd2
Member of DD Central
Posts: 621
Likes: 224
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Post by sd2 on Apr 8, 2020 13:33:44 GMT
I WANT MY MONEY BACK!! to put into stockmarket. Investment trusts with decent revenue reserves waiting to be had with 7 percent dividends Bought perpetual and income on an 8% dividend up 10% on share price. Just checked 15.82% up
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Post by erniec on Apr 8, 2020 13:44:52 GMT
I WANT MY MONEY BACK!! to put into stockmarket. Investment trusts with decent revenue reserves waiting to be had with 7 percent dividends Bought perpetual and income on an 8% dividend up 10% on share price. Just checked 15.82% up Patience is a virtue.
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Post by BrianC on Apr 8, 2020 14:11:51 GMT
I WANT MY MONEY BACK!! to put into stockmarket. Investment trusts with decent revenue reserves waiting to be had with 7 percent dividends Bought perpetual and income on an 8% dividend up 10% on share price. Just checked 15.82% up Is this a serious post?? 🙄
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chris1200
Member of DD Central
Posts: 827
Likes: 508
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Post by chris1200 on Apr 8, 2020 14:28:37 GMT
I WANT MY MONEY BACK!! to put into stockmarket. Investment trusts with decent revenue reserves waiting to be had with 7 percent dividends Bought perpetual and income on an 8% dividend up 10% on share price. Just checked 15.82% up You may find some of those dividends are not quite so generous in the near future...
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ceejay
Posts: 972
Likes: 1,149
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Post by ceejay on Apr 8, 2020 14:40:46 GMT
I WANT MY MONEY BACK!! to put into stockmarket. Investment trusts with decent revenue reserves waiting to be had with 7 percent dividends Bought perpetual and income on an 8% dividend up 10% on share price. Just checked 15.82% up Don't see what the problem is. All of your money in RS is available to you, more or less instantly. It's the stuff in your Holding Account. Oh, you meant the rest of it? Um ... that's not money, it's illiquid securities that not enough people want to buy right now. In time, when the market carries on tanking for the next 12 months, you might come to be glad that you weren't able to go all-in at this point! [Or not. I have no idea. Neither do you.]
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macq
Member of DD Central
Posts: 1,934
Likes: 1,199
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Post by macq on Apr 8, 2020 16:53:26 GMT
I WANT MY MONEY BACK!! to put into stockmarket. Investment trusts with decent revenue reserves waiting to be had with 7 percent dividends Bought perpetual and income on an 8% dividend up 10% on share price. Just checked 15.82% up might be good news (or not) but assume you know the board sacked the manager Monday and are now looking for a new company?
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Post by BrianC on Apr 8, 2020 18:24:09 GMT
£8500 just released from 5 year market. Requested morning of March 14th. Still waiting for my funds from an Access withdrawal made evening of the 12th.
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Post by RateSetter on Apr 8, 2020 18:54:15 GMT
Good evening everyone. We have delivered £1.3m today, full update is below.
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Post by cinereus on Apr 8, 2020 23:18:28 GMT
£8500 just released from 5 year market. Requested morning of March 14th. Still waiting for my funds from an Access withdrawal made evening of the 12th. Anyone want to hazard a guess why 1 year is so far behind 5 year? Or is it simply a matter of relative volumes. It makes sense that the joint queue for Access et al. is still a couple of days behind.
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ceejay
Posts: 972
Likes: 1,149
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Post by ceejay on Apr 8, 2020 23:34:24 GMT
£8500 just released from 5 year market. Requested morning of March 14th. Still waiting for my funds from an Access withdrawal made evening of the 12th. Anyone want to hazard a guess why 1 year is so far behind 5 year? Or is it simply a matter of relative volumes. It makes sense that the joint queue for Access et al. is still a couple of days behind. Well, I'll have a go, without any supporting evidence whatsoever - my guess is that the 1Y queue is moving more slowly than the 5Y queue because the exit penalty is a lot smaller - perhaps people will have been just that bit more reluctant to pay the price of the bus ride out of town for 5Y, and so didn't rush quite so quickly to get on board. Alternatively, perhaps 5Y investors were already predisposed to be thinking long term and hence less likely to succumb to the lure of the stampede. OR, maybe 5Y customers are a lot more hands off and only just realised what is going on. Other theories are available...
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Post by cinereus on Apr 9, 2020 0:20:55 GMT
Anyone want to hazard a guess why 1 year is so far behind 5 year? Or is it simply a matter of relative volumes. It makes sense that the joint queue for Access et al. is still a couple of days behind. Well, I'll have a go, without any supporting evidence whatsoever - my guess is that the 1Y queue is moving more slowly than the 5Y queue because the exit penalty is a lot smaller - perhaps people will have been just that bit more reluctant to pay the price of the bus ride out of town for 5Y, and so didn't rush quite so quickly to get on board. Alternatively, perhaps 5Y investors were already predisposed to be thinking long term and hence less likely to succumb to the lure of the stampede. OR, maybe 5Y customers are a lot more hands off and only just realised what is going on. Other theories are available... So yes relative volumes and not relative throttling?
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ceejay
Posts: 972
Likes: 1,149
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Post by ceejay on Apr 9, 2020 8:16:07 GMT
Well, I'll have a go, without any supporting evidence whatsoever - my guess is that the 1Y queue is moving more slowly than the 5Y queue because the exit penalty is a lot smaller - perhaps people will have been just that bit more reluctant to pay the price of the bus ride out of town for 5Y, and so didn't rush quite so quickly to get on board. Alternatively, perhaps 5Y investors were already predisposed to be thinking long term and hence less likely to succumb to the lure of the stampede. OR, maybe 5Y customers are a lot more hands off and only just realised what is going on. Other theories are available... So yes relative volumes and not relative throttling? If by throttling you mean a deliberate slowing-up of the process by the platform, then I don't know why they would want to do that for any of the markets. Money is coming in from investors and payments, and its going out to investors. The only action by the platform would be the extent to which they are putting new loans into the various markets: the more loans they put in, the slower it will be to RYI. I suppose its possible that they are putting more loans into 1Y, though I don't know why they would since its a legacy market that I expect they'd quite like to go away.
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chris1200
Member of DD Central
Posts: 827
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Post by chris1200 on Apr 9, 2020 8:45:55 GMT
There is a new "investments waiting to be released" section on the main account dashboard, confirming your date of RYI request. It gives the option of cancellation - which we know they're obviously trying to encourage. It doesn't (yet) show your position in the queue, though...
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