groon
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Post by groon on May 24, 2019 13:56:09 GMT
Halfway to the £250k minimum within 15 minutes or so. Does that make it half-baked?
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groon
Posts: 39
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Post by groon on Nov 14, 2018 16:57:16 GMT
I was feeling a tad sorry for myself but at a shade under 95% invested at a headline 7.9% and with no write-offs (yet) I ought to be happier than some of you. On the other hand, almost 20% of my loans are on watch or in recovery. I like Bondmason but when I can get 6%+ elsewhere AND a provision fund, with minimal cash drag, my loyalty is being tested. I'll give it a little longer, maybe things will pick up.
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groon
Posts: 39
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Post by groon on Sept 25, 2018 8:34:28 GMT
Thanks for your suggestions, n and peteuk. Nothing in spam and funds were being swept. I asked Assetz and sure enough it is a glitch: "Please ignore the email you received, It was triggered because funds had been allocated to the ISA, which does qualify. For some reason the system is not accepting the ISA in terms of registering for the refer a friend scheme. Our IT department are looking into this and will manually correct this." Mrs groon will be pleased.
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groon
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Post by groon on Sept 23, 2018 16:54:59 GMT
Mrs groon graciously referred me and I deposited twice the requisite amount but have since received two e-mails from Assetz informing me that my balance is below £1,000 and that I don't qualify for the bonus -- although when I log into my account all is well. So it just looks like a glitch in their automated e-mail system.
Update: actually all is not well when I log in. A message is displayed at the top of the Standard Accounts page: " IMPORTANT: YOUR INVESTMENT BALANCE IS CURRENTLY BELOW £1000.00, YOU HAVE 18 DAY(S) TOP UP YOUR ACCOUNT TO ENSURE YOU QUALIFY FOR YOUR REFERRAL BONUS." Maybe the problem is that I put it all in an IFISA, but my reading of the terms and conditions is that that's OK, so I still think it's a glitch.
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groon
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Post by groon on Aug 14, 2018 16:19:31 GMT
Cash drag is a real pain in the proverbial. Mrs groon's account is consistently below 90% invested, despite a 2% setting for reinvested funds. The last allocation was on 3 August -- and those were all low-rate invoice discounting loans. The advertised return on this account is now 7.72% before deductions, down from well over 8% just a few weeks ago. And this is with no write-offs (fingers crossed that's how it stays, but chances are it won't).
I too am now getting a little concerned.
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groon
Posts: 39
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Post by groon on Feb 26, 2018 16:22:24 GMT
Thanks stevefindlay, I'll forward the acknowledgement to your e-mail.
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groon
Posts: 39
Likes: 40
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Post by groon on Feb 25, 2018 12:42:05 GMT
Mrs groon asked for her settings to be changed on 13 February and was told on 14 February that "We will change the settings for you shortly."
Nothing happened ... yet.
On any other platform (at any rate, on any other platform used by myself or by Mrs g) this sort of thing is straightforward as settings can be managed directly by the lender. Why not on Bondmason?
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groon
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Post by groon on Jan 11, 2018 16:56:46 GMT
Projected return on my ISA Z+ is 5.2% and on Mrs groon's is 5%, ie similar to the OP's.
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groon
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Post by groon on Jan 10, 2018 21:49:48 GMT
To REBS it has been : thank you and goodnight! Thank you? Nah, just goodnight!
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groon
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Post by groon on Dec 5, 2017 16:39:34 GMT
Assetz | 27.5% | steady | ZOPA | 23.25%
| steady | Bondmason | 17.33%
| slowly increasing | Octopus Choice | 14.75% | slowly increasing | Funding Circle | 8.5% | slowly decreasing | ReBS | 4% | abandoning sinking ship | Funding Knight | 3.66% | hoping they'll come back
| Ratesetter | 1%
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I used to have a lot more in FC, ReBS, FK and RS, whereas a year ago Bondmason and Octopus Choice were not in the picture at all.
This could be seen as a move away from excessive risk and towards relative security but I see it more as a move away from poorly-run platforms and towards better-run platforms (the exception being FK, who in my opinion were probably the best-run platform but who are not presently offering new business). This may (should?) of course amount to the same thing!
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groon
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Post by groon on Nov 9, 2017 19:54:15 GMT
It's a finely-balanced decision.
I'm inclined to vote A just to draw a line under the whole saga. I also feel some sympathy for the widow of the borrower and I tend towards the view that the proposed return on my investment, while not what I had thought it would be, is probably satisfactory.
But I don't like the signal that this may send to other defaulting borrowers, for whose situations I may have less sympathy. And I share the annoyance of others that it appears that we have to keep voting until we give the right answer. The way this has been handled actually gives me a perverse incentive to reject the offer, because experience tells me that that is likely to produce a better offer. If the present offer had been made up front, I think I'd probably have accepted it but now I feel I've been taken for a bit of a ride.
I find the discussion on this forum very helpful but I'm still unsure which way I'm going to swing. Let's hear some more views please.
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groon
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Post by groon on Aug 23, 2017 10:07:08 GMT
I'm still in Classic, reinvesting but not putting in new money. I also have a few thou in an ISAPlus, which has now gone down from a projected return of 6.1% to one of 5.5%. I'll stick with that too as a way of diversifying across platforms. It's not great, but that appears to be the case across the board. Time to put the tin hat on and wait for the all-clear.
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groon
Posts: 39
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Post by groon on Mar 12, 2017 9:45:47 GMT
Never trust percentages, you can make them prove almost anything, why do you think politicians use them all the time. 99% of politicians use them 99% of the time
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groon
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Post by groon on Mar 10, 2017 11:13:24 GMT
Just tried this. Remember eMail box doesn't seem to remember eMail, however I try. I am using Chrome and dont intend to switch browsers just for this. It's remembering mine, and I use Chrome.
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groon
Posts: 39
Likes: 40
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Post by groon on Mar 6, 2017 8:43:20 GMT
The only thing I'm slightly concerned about is the discrepancy between the headline rate (minus fees), the target rate, and the actual rate I'm seeing. I'm trusting BM are getting on top of that. I share that concern, but I too have confidence that BM will deliver. And we know they're listening. Albeit on the basis of just 6 weeks' experience of using BM, I agree with that too.
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