Post by gg on May 28, 2020 9:45:11 GMT
Good evening. Today we have delivered £1m, and the full update is here:
Following the start of the Covid-19 outbreak in the UK, in March we saw an increase in investment release requests, peaking on 16th March and then falling back to normal levels over subsequent weeks. We are delivering as much as we can each day. Since 16th March we have delivered £45.7 million to investors, with around £4.5 million delivered on average every week, as detailed below. Our priority is to keep delivering and we will keep you updated.
We are currently delivering release requests made on 12th March in Access, Plus and Max, and we are delivering requests made on 17th March in the 1 Year market and 18th March in the 5 Year market. We are continuing to process requests on a chronological basis within our different markets. It remains difficult to give timing guidance on individual requests - the rate of progress within each market depends on the volume of requests received and the supply of funds within that market.
9 out of 10 RateSetter investors continue to invest and a growing number of investors are choosing to cancel their release requests and continue investing – £18.8 million of requests have been cancelled since the start of the outbreak. You can cancel a request via the ‘Investments waiting to be released’ table within your account, or you can email us at invest@ratesetter.com.
Weekly delivery numbers:
- This week so far we have delivered £1.4m of release requests
- In the week commencing 18 May, we delivered £4.0m of release requests
- In the week commencing 11 May, we delivered £3.6m of release requests
- In the week commencing 4 May, we delivered £3.6m of release requests
- In the week commencing 27 April, we delivered £5.0m of release requests
- In the week commencing 20 April, we delivered £4.5m of release requests
- In the week commencing 13 April, we delivered £5.1m of release requests
- In the week commencing 6 April, we delivered £4.5m of release requests
- In the week commencing 30 March, we delivered £4.4m of release requests
- In the week commencing 23 March, we delivered £4.9m of release requests
- In the week commencing 16 March, we delivered £4.7m of release requests
We are currently delivering release requests made on 12th March in Access, Plus and Max, and we are delivering requests made on 17th March in the 1 Year market and 18th March in the 5 Year market. We are continuing to process requests on a chronological basis within our different markets. It remains difficult to give timing guidance on individual requests - the rate of progress within each market depends on the volume of requests received and the supply of funds within that market.
9 out of 10 RateSetter investors continue to invest and a growing number of investors are choosing to cancel their release requests and continue investing – £18.8 million of requests have been cancelled since the start of the outbreak. You can cancel a request via the ‘Investments waiting to be released’ table within your account, or you can email us at invest@ratesetter.com.
Weekly delivery numbers:
- This week so far we have delivered £1.4m of release requests
- In the week commencing 18 May, we delivered £4.0m of release requests
- In the week commencing 11 May, we delivered £3.6m of release requests
- In the week commencing 4 May, we delivered £3.6m of release requests
- In the week commencing 27 April, we delivered £5.0m of release requests
- In the week commencing 20 April, we delivered £4.5m of release requests
- In the week commencing 13 April, we delivered £5.1m of release requests
- In the week commencing 6 April, we delivered £4.5m of release requests
- In the week commencing 30 March, we delivered £4.4m of release requests
- In the week commencing 23 March, we delivered £4.9m of release requests
- In the week commencing 16 March, we delivered £4.7m of release requests
If I get all of my funds back, despite waiting more than 2 x months, I think I’ll be happy to re-invest in RS again when we are settled in to the new normal way of life. The sums that I’d be prepared to place would be dependant on how RYIs are handled in the future.
To ensure all investors get a fair bite of the RYI apple, I’d like to see a limit on how much could be withdrawn via RYI at any one time. Perhaps 25% of the money invested with a maximum of £2,500 per month would be reasonable. Normal withdrawals of repayments wouldn’t need to be affected.
With something like this in place I’d be prepared to put £50,000 into RS. Without it and my state would be limited to £10,000.
gg