Ratesetter Investing past Its Prime
Last edited 21/01/2019 - 10:37 by 1 other user
Last year you get about 8% for 3Y and 9% for 5Y.
It has since absolutely tanked to 6% for 3Y and 7.5% for 5Y.
Also, the arrears statistics have gotten significantly worse as well with the generally worsening economic conditions, but dumb amateur investors continue to place lots of money at lower returns.
I haven't added any new loans in the last 12 months ( except a $180 repayment that I managed to reinvest at 12% for 5Y ). Other than that, I am just running off the loans and withdrawing everything as it gets repaid.