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Post by gar on Apr 30, 2020 20:07:29 GMT
your best bet is - the loan you are matched too defaults, and RS pay it back out of the PF Thats why I left my 1yr and 5yrs with RS hoping the PF would kick in :-) Have you not seen the caveat RS have regarding the Provision Fund. The Provision Fund we offer does not give you a right to a payment so you may not receive a pay-out even if you suffer loss. The Fund has absolute discretion as to the amount that may be paid, including making no payment at all. Therefore, investors should not rely on possible pay-outs from the Provision Fund when considering whether or how much to invest. Learn more
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robski
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Post by robski on Apr 30, 2020 20:16:03 GMT
When you think about the psycology of access and who would put money in it and why, its logical that when an unexpected event occurs that may lead people to run for the doors its going to be disproportionally higher with access
Access has gathered together most of the money for those a bit flightly with their capital. So not only are they likely to be the ones most likely to ask for withdrawl, the ratio of reinvestors to withdrawers will be much lower than say 5 year
Assume 20% of 5 year investors are withdrawing, thats 80% who arent a ratio of 1:4 Assume 80% of access investors are withdrawing, thats 20% who arent a ratio of 4:1
Simple maths will show that the 5 year withdrawers are going to see their money faster.
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Post by oppsididitagain on Apr 30, 2020 20:52:49 GMT
your best bet is - the loan you are matched too defaults, and RS pay it back out of the PF Thats why I left my 1yr and 5yrs with RS hoping the PF would kick in :-) Have you not seen the caveat RS have regarding the Provision Fund. The Provision Fund we offer does not give you a right to a payment so you may not receive a pay-out even if you suffer loss. The Fund has absolute discretion as to the amount that may be paid, including making no payment at all. Therefore, investors should not rely on possible pay-outs from the Provision Fund when considering whether or how much to invest. Learn moreAgreed, but I think the PF is still working as normal, when I spoke to RS on Tuesday they confirmed this too me as well. Thats why I say, and not to be relied on, but in the near term whilst the PF has money in it, if you are match to a loan that defaults you should get your money back
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Post by BrianC on Apr 30, 2020 20:52:55 GMT
Completely spurious!? Are you having a laugh!? I have zero evidence??? Complete nonsense??? Ohhh please. Do you work for RateSetter? On 22/04 RateSetter processed withdrawal number 373563 in Access from March 12th. Today, 30/04, 8 days (6 working) later, my withdrawal, number 373676 has still not been processed. On 21/04 ‘vv’ requested a withdrawal in Access with number 398857. So...., unless you’re saying these numbers aren’t sequential. In 6 working days less than 113 withdrawals have been processed in Access. Considering many of these numbers are for other markets it’s probably around 80 Access requests between 373563 and 373676. Now that’s a guess or assumption I accept but I’m pretty sure everyone else will agree I’m probably correct to within a very close margin when I say 80. But worst case it’s 113! Now, after me and up to vv’s withdrawal 398857 there’s 25,181 other requests!! Many of these will be other markets so let’s say there’s between 10,000 and 20,000 Access withdrawals after me. The true amount is very likely in that range and very possibly even higher. So... Around 80 requests in 8 days with tens of thousands to go! But you’re right maybe just the high rollers are ahead of me and everything will be ok once they’re out of they way. I’d say you’re dreaming though and everyone else can see what I’m seeing and that is that Access withdrawals have pretty much ground to a halt!! I’m hopeful mine will come any day, maybe tomorrow but that won’t change what I’m saying and it won’t change the fact that many investors will need to wait many months if not years for their money! Times are unprecedented but I just don’t think RateSetter are being honest about timeframes or fair in the order they release requests. You don't provide a single shred of evidence that RS haven't been paying out on Access accounts. You also completely mischaracterise what I'm explaining to you. At no point have I said "everything will be okay" once a few high-rollers are out of the way. I've tried to explain to you the pretty basic point that there is no way for you to know how quickly or slowly RateSetter are moving with the Access queue based on the queue number. You could have 100 people each requesting an average of £1,000 - so the queue looks like it's moving quickly; but then 100 people each requesting an average of £10,000, which would make it look like the queue was moving at 1/10 of the speed, even if payouts stayed completely consistent. So, without knowing how much money is ahead of you in the queue, you simply cannot make the assertion you're making. For all you know, RateSetter might have actually sped up with Access payouts. If you want to tell us how you can know how much money (yes, money - not arbitrary queue order codes which tell you very little) is ahead of you, please do say. Otherwise I give up on this apparently futile attempt to explain the flawed logic in your assertion. And no of course I don't work for RateSetter for god's sake - talk about seeing conspiracy everywhere. Oh give it a rest. I knew exactly what you was getting at. Of course we can never know the full facts but the stats speak for themselves! Maybe the 80 people between the last Access withdrawal in our table and me all had £1,000,000 invested and maybe everyone after me has a fiver. Or maybe just maybe the Access queue really isn’t moving that fast at all and that’s why we’re not seeing releases. I’m not going to engage with you anymore. I find your argument pointless and everyone can see for themselves what’s happening here. I still think RateSetter are doing well overall given the unprecedented circumstances but there’s no doubt Access withdrawal are VERY slow. You’re obviously the kind of person that would argue with them self given the chance.
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chris1200
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Post by chris1200 on Apr 30, 2020 20:57:39 GMT
You don't provide a single shred of evidence that RS haven't been paying out on Access accounts. You also completely mischaracterise what I'm explaining to you. At no point have I said "everything will be okay" once a few high-rollers are out of the way. I've tried to explain to you the pretty basic point that there is no way for you to know how quickly or slowly RateSetter are moving with the Access queue based on the queue number. You could have 100 people each requesting an average of £1,000 - so the queue looks like it's moving quickly; but then 100 people each requesting an average of £10,000, which would make it look like the queue was moving at 1/10 of the speed, even if payouts stayed completely consistent. So, without knowing how much money is ahead of you in the queue, you simply cannot make the assertion you're making. For all you know, RateSetter might have actually sped up with Access payouts. If you want to tell us how you can know how much money (yes, money - not arbitrary queue order codes which tell you very little) is ahead of you, please do say. Otherwise I give up on this apparently futile attempt to explain the flawed logic in your assertion. And no of course I don't work for RateSetter for god's sake - talk about seeing conspiracy everywhere. Oh give it a rest. I knew exactly what you was getting at. Of course we can never know the full facts but the stats speak for themselves! Maybe the 80 people between the last Access withdrawal in our table and me all had £1,000,000 invested and maybe everyone after me has a fiver. Or maybe just maybe the Access queue really isn’t moving that fast at all and that’s why we’re not seeing releases. I’m not going to engage with you anymore. I find your argument pointless and everyone can see for themselves what’s happening here. I still think RateSetter are doing well overall given the unprecedented circumstances but there’s no doubt Access withdrawal are VERY slow. You’re obviously the kind of person that would argue with them self given the chance. "Of course we can never know the full facts but the stats speak for themselves!" This is outstanding. A fitting end to this tragic tussle.
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Post by Badly Drawn Stickman on Apr 30, 2020 21:20:34 GMT
Given we are stumbling from one platform problem to another in many of our cases, and having our lives drastically changed by a pandemic tempers will get a bit short.
The written word is often a poor medium for communicating and misunderstandings and unintended offence will happen, you should all consider more usage of smileys.
Pretty sure most of us would be great friends in the 'real World'. So lets not get all AC on this part of the platform, just ends up stopping anything constructive happening.
I'm currently torn between letting somebody loose with clippers on my hair or going with the pony tail look. Is the general feeling that a gypsy earring would be needed with the pony tail option?
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chris1200
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Post by chris1200 on Apr 30, 2020 21:38:45 GMT
Given we are stumbling from one platform problem to another in many of our cases, and having our lives drastically changed by a pandemic tempers will get a bit short. The written word is often a poor medium for communicating and misunderstandings and unintended offence will happen, you should all consider more usage of smileys. Pretty sure most of us would be great friends in the 'real World'. So lets not get all AC on this part of the platform, just ends up stopping anything constructive happening. I'm currently torn between letting somebody loose with clippers on my hair or going with the pony tail look. Is the general feeling that a gypsy earring would be needed with the pony tail option? Agree on the spirit. But I tend to draw the line when it comes to misinformation. Forums like this are only helpful if people conduct themselves sensibly, and that includes not accusing anyone of anything unless you can back it up. Otherwise this place, in fact, becomes deeply unhelpful. It makes the platforms not want to engage with us and it provides inaccurate information that might genuinely cause harm.
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Post by Badly Drawn Stickman on Apr 30, 2020 22:05:56 GMT
Given we are stumbling from one platform problem to another in many of our cases, and having our lives drastically changed by a pandemic tempers will get a bit short. The written word is often a poor medium for communicating and misunderstandings and unintended offence will happen, you should all consider more usage of smileys. Pretty sure most of us would be great friends in the 'real World'. So lets not get all AC on this part of the platform, just ends up stopping anything constructive happening. I'm currently torn between letting somebody loose with clippers on my hair or going with the pony tail look. Is the general feeling that a gypsy earring would be needed with the pony tail option? Agree on the spirit. But I tend to draw the line when it comes to misinformation. Forums like this are only helpful if people conduct themselves sensibly, and that includes not accusing anyone of anything unless you can back it up. Otherwise this place, in fact, becomes deeply unhelpful. It makes the platforms not want to engage with us and it provides inaccurate information that might genuinely cause harm. I suspect we share a common view on the desired result, we just have different 'styles' of getting there. My heart always sinks when I see the 'you must work for' line being peddled. I just know I rarely win an argument with an angry person, so I either stop them being angry or walk away. I will put you down as undecided on the hair cut dilemma.
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Post by diversifier on Apr 30, 2020 22:07:38 GMT
Completely spurious!? Are you having a laugh!? I have zero evidence??? Ohhh please. Do you work for RateSetter? ...... So... Around 80 requests in 8 days with tens of thousands to go! But you’re right maybe just the high rollers are ahead of me and everything will be ok once they’re out of they way. I’d say you’re dreaming though and everyone else can see what I’m seeing and that is that Access withdrawals have pretty much ground to a halt!! I’m hopeful mine will come any day, maybe tomorrow but that won’t change what I’m saying and it won’t change the fact that many investors will need to wait many months if not years for.... The best estimate we have is the *average* burn down of numbers within the known period dataset. Running from 373051 Access repaid 9th April, to latest 373563 Access repaid 22nd April. The correct calculation is 512 over 21 days, *not* 13 days, which gives 24 per day. The best estimate of when the next milestone is hit would have been 113/24 = 4.7 days, and you are getting worried not having seen it for 8 days. But these large variations *are* expected because of the variable investment sizes. Data: Between the 9th-13th April (three working days), less than 20 ticked through, so those 20 must have totalled about £2.7m. Then on 14th April, just £0.9m by value must have satisfied 170 sales. The variability is a factor of 30. On the basis that we have seen 7 days worth of requests go through on a single day, we should wait 7-14 additional days before starting to worry. It is true that many investors might need to wait months, that’s an easy back-of-the-envelope estimate to do. RS say 90% continue to invest => roughly £85m worth of RYI, depending on interpretation. Divide by £4.5m per week, gets 19 weeks. If you sold before peak, expect one month; at peak two months; well after peak nearly four months. Plus, there is no way round the fact that if the secondary market locks up fully, which has always been a stated risk, investors may need to wait for the average underlying loan duration to fully exit. RS advertise that at 28 months. Now, I have a beef with that number being very misleading, but that’s a subject for a separate post.
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chris1200
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Post by chris1200 on Apr 30, 2020 22:12:51 GMT
But these large variations *are* expected because of the variable investment sizes. Data: Between the 9th-13th April (three working days), less than 20 ticked through, so those 20 must have totalled about £2.7m. Then on 14th April, just £0.9m by value must have satisfied 170 sales. The variability is a factor of 30. On the basis that we have seen 7 days worth of requests go through on a single day, we should wait 7-14 additional days before starting to worry. Thank you for doing the calculations I was too lazy to do to demonstrate the point
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Post by Ace on Apr 30, 2020 22:36:13 GMT
Given we are stumbling from one platform problem to another in many of our cases, and having our lives drastically changed by a pandemic tempers will get a bit short. The written word is often a poor medium for communicating and misunderstandings and unintended offence will happen, you should all consider more usage of smileys. Pretty sure most of us would be great friends in the 'real World'. So lets not get all AC on this part of the platform, just ends up stopping anything constructive happening. I'm currently torn between letting somebody loose with clippers on my hair or going with the pony tail look. Is the general feeling that a gypsy earring would be needed with the pony tail option? I'm suffering the same dilemma, except that you have someone else who can weald the clippers. I live alone, so my only option is to do it myself. I ordered a hair and beard trimmer a week ago and it was delivered today. I was half hoping that it wouldn't arrive until next week, when we might have a better idea of when the professionals might return. Think I could just about manage a small pony tail now. Worst case is that I have a go and mess it up, then we're unlocked, but I have to isolate for another 5 weeks until it regrows! Is a definite no from me on the earring.
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macq
Member of DD Central
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Post by macq on Apr 30, 2020 23:04:04 GMT
Given we are stumbling from one platform problem to another in many of our cases, and having our lives drastically changed by a pandemic tempers will get a bit short. The written word is often a poor medium for communicating and misunderstandings and unintended offence will happen, you should all consider more usage of smileys. Pretty sure most of us would be great friends in the 'real World'. So lets not get all AC on this part of the platform, just ends up stopping anything constructive happening. I'm currently torn between letting somebody loose with clippers on my hair or going with the pony tail look. Is the general feeling that a gypsy earring would be needed with the pony tail option? So you are not letting somebody use clippers but your going to let them pierce your ear instead?
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Post by Deleted on May 1, 2020 7:19:54 GMT
But these large variations *are* expected because of the variable investment sizes. Data: Between the 9th-13th April (three working days), less than 20 ticked through, so those 20 must have totalled about £2.7m. Then on 14th April, just £0.9m by value must have satisfied 170 sales. The variability is a factor of 30. On the basis that we have seen 7 days worth of requests go through on a single day, we should wait 7-14 additional days before starting to worry. Thank you for doing the calculations I was too lazy to do to demonstrate the point 9-13 April inclusive is only one working day because of Easter.
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Post by Badly Drawn Stickman on May 1, 2020 8:04:56 GMT
Given we are stumbling from one platform problem to another in many of our cases, and having our lives drastically changed by a pandemic tempers will get a bit short. The written word is often a poor medium for communicating and misunderstandings and unintended offence will happen, you should all consider more usage of smileys. Pretty sure most of us would be great friends in the 'real World'. So lets not get all AC on this part of the platform, just ends up stopping anything constructive happening. I'm currently torn between letting somebody loose with clippers on my hair or going with the pony tail look. Is the general feeling that a gypsy earring would be needed with the pony tail option? So you are not letting somebody use clippers but your going to let them pierce your ear instead? I am assured pain has no memory.
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chris1200
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Post by chris1200 on May 1, 2020 8:21:42 GMT
Thank you for doing the calculations I was too lazy to do to demonstrate the point 9-13 April inclusive is only one working day because of Easter. But I suppose that's not so relevant to diversifier's point regarding the amount of money spread over x number of individual RYI requests, right? I've still been too lazy to check these so far!
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