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jlend

Registration Date: 08-06-2018
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Local Time: 03-02-2023 at 01:07 PM
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Please select the group that best describes you:	P2P Investor & Observers
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RE: Five Year Income

Thread Subject	Forum Name
Five Year Income	Discussion (Ratesetter)

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(03-09-2019, 01:39 PM)oldgrumpy Wrote: "New" investment products starting October 3rd 2019.

Same products, new rules!!

The thing that leapt out at me was this:
The repayments that you receive from borrowers will be automatically reinvested so you will need to release your investment in order to withdraw.
There is no option to take repayments directly to your Holding account. This makes liquidity consistent for all investors.

So I will no longer be able to keep my repayments in holding account in order to invest later when I see a good opportunity. Does "will be automatically reinvested" actually "will be placed on the market for reinvestment (at our chosen rate)?

Or can I ... if we turn OFF all reinvestment instructions, repayments have to be redirected to the holding account... though setting our own rate is to be retained, so maybe it'll be OK to hold money uninvested and waiting ... just specify "going rate" +5% then alter it when it is time to jump in ...??

In the event that you had chosen to direct reinvestments to the 1 and 5 Year markets but you no longer have access to those markets, your repayments will be directed to your holding account so you can choose where to invest from there.

This all need looking at carefully to see what traps are going to be set.

The 1 and 5 year accounts are staying unchanged, albeit they won't be available for new people who sign up with RS or currrent investors who don't use them. So you can carry on as now. It is uncertain how much in terms of borrower offers will be placed on the 1 and 5 year markets if the rates are much higher than the new Access, Plus and Max products.

In the new Plus and Max products you cannot turn off automatic reinvestment of capital or interest, but you can as you say set your rate at +5 above the going rate. You can withdraw any unmatched offers on the Plus and Max products for free. The release fee is only to release matched money in Plus and Max

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