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Post by portlandbill on Sept 21, 2018 9:23:08 GMT
it's good to see that my watch and recovery lists have reduced significantly over the last few days (and still no write-offs) and my rate of return has gone back above 8% and my capital employed has just gone back above 90%
Credit where credit's due, I'm quick to criticize when the numbers go the wrong way, but praise is due when they go back the right way.
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Post by df on Sept 21, 2018 18:40:10 GMT
it's good to see that my watch and recovery lists have reduced significantly over the last few days (and still no write-offs) and my rate of return has gone back above 8% and my capital employed has just gone back above 90% Credit where credit's due, I'm quick to criticize when the numbers go the wrong way, but praise is due when they go back the right way. Good to see some progress, but I still have 8% of my funds uninvested.
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Greenwood2
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Post by Greenwood2 on Sept 21, 2018 19:34:33 GMT
it's good to see that my watch and recovery lists have reduced significantly over the last few days (and still no write-offs) and my rate of return has gone back above 8% and my capital employed has just gone back above 90% Credit where credit's due, I'm quick to criticize when the numbers go the wrong way, but praise is due when they go back the right way. Lucky to have no write offs, I have four...
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Post by df on Oct 1, 2018 20:33:50 GMT
it's good to see that my watch and recovery lists have reduced significantly over the last few days (and still no write-offs) and my rate of return has gone back above 8% and my capital employed has just gone back above 90% Credit where credit's due, I'm quick to criticize when the numbers go the wrong way, but praise is due when they go back the right way. Lucky to have no write offs, I have four... I have no write offs, 3 in recovery (2 of which are Col loans) and a few on watch list. I'm probably lucky too, but more and more concerned about decreased loan flow. I have now a lengthy cash drag that drags down return on my investment. I can't withdraw my idle cash because I'm on the minimum to meet the criteria (unless I decide to give up and liquidate all). Not trying to criticise BM for lack of new loans, it is what it is, I'm sure there is a good reason for it, but it would be nice if BM considered to reduce minimum investment criterion in such circumstances. ATM, one can get very similar return with less risk from RS, LW, UB and AC.....
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IFISAcava
Member of DD Central
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Post by IFISAcava on Oct 1, 2018 20:40:17 GMT
Lucky to have no write offs, I have four... I have no write offs, 3 in recovery (2 of which are Col loans) and a few on watch list. I'm probably lucky too, but more and more concerned about decreased loan flow. I have now a lengthy cash drag that drags down return on my investment. I can't withdraw my idle cash because I'm on the minimum to meet the criteria (unless I decide to give up and liquidate all). Not trying to criticise BM for lack of new loans, it is what it is, I'm sure there is a good reason for it, but it would be nice if BM considered to reduce minimum investment criterion in such circumstances. ATM, one can get very similar return with less risk from RS, LW, UB and AC.....although arguably using BM alongside all of these platforms reduces the risk further
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zlb
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Post by zlb on Oct 11, 2018 17:55:26 GMT
I initially put in 5k. Then another few £k but less than 5. Then I become reticent and removed the few £k many months ago. Several months later, the account is only just over 5k by approx £49. This is a longer than 18 month investment, in my experience, or longer than two years at least. If I withdrew all funds now, I suppose I'd be collecting bits and pieces for some time, but seemingly without interest.
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Post by stevefindlay on Oct 11, 2018 20:39:43 GMT
I initially put in 5k. Then another few £k but less than 5. Then I become reticent and removed the few £k many months ago. Several months later, the account is only just over 5k by approx £49. This is a longer than 18 month investment, in my experience, or longer than two years at least. If I withdrew all funds now, I suppose I'd be collecting bits and pieces for some time, but seemingly without interest. You can elect to liquidate, and all of your live positions can be sold immediately. (You still get the accrued interest on these when the cash interest is received by the borrower). Any loans in default will repay as soon as the underlying loans repay. This normally happens in a couple of months or so.
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zlb
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Post by zlb on Oct 11, 2018 20:46:30 GMT
I initially put in 5k. Then another few £k but less than 5. Then I become reticent and removed the few £k many months ago. Several months later, the account is only just over 5k by approx £49. This is a longer than 18 month investment, in my experience, or longer than two years at least. If I withdrew all funds now, I suppose I'd be collecting bits and pieces for some time, but seemingly without interest. You can elect to liquidate, and all of your live positions can be sold immediately. (You still get the accrued interest on these when the cash interest is received by the borrower). Any loans in default will repay as soon as the underlying loans repay. This normally happens in a couple of months or so. thanks for quick reply.
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keystone
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Post by keystone on Oct 11, 2018 20:57:58 GMT
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Post by stevefindlay on Oct 11, 2018 21:05:37 GMT
I wouldn't get your hopes up on a couple of months but definitely on the "or so" side of things as I am still waiting for funds from Bond Mason from over 18 months ago when Bond Mason forced me out by upping their minimum investment to £5000. Have you requested a liquidation and/or withdrawal?
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alibaba
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Post by alibaba on Oct 11, 2018 21:07:59 GMT
You can elect to liquidate, and all of your live positions can be sold immediately. (You still get the accrued interest on these when the cash interest is received by the borrower). Any loans in default will repay as soon as the underlying loans repay. This normally happens in a couple of months or so. thanks for quick reply. A couple of months or so!! I have two outstanding loans from 2016 and more than thirty yes thirty outstanding loans from 2017 not counting 2018.
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alibaba
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Post by alibaba on Oct 11, 2018 21:09:53 GMT
For outstanding read default
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Post by stevefindlay on Oct 11, 2018 21:13:43 GMT
alibaba and keystone - please email us your account numbers and we can review your positions. Both sound highly irregular. Email: invest@bondmason.com and cc stephen.findlay@bondmason.com In every case when someone has requested a liquidation, all live loans have been repurchased / sold within 1-2 business days. We monitor our watch list each day, and there aren't even thirty different loans on it from 2017, so I'm keen to investigate what your account is showing.
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alibaba
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Post by alibaba on Oct 12, 2018 4:46:36 GMT
The loans are not on the watch list, they are loans in recovery, one example is loan 3439.
On the issue of liquidity I have been impressed with Bondmason, my concern is with loans in recovery,
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Post by stevefindlay on Oct 20, 2018 6:13:28 GMT
Just checking in on this thread: I've not yet received any emails - please drop me a quick line if you want me, or one of the team, to take a look at your account.
Many thanks
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