Liz
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Post by Liz on Aug 22, 2016 15:38:40 GMT
Two question.
The average rate available today(on the website) 8.24%. If we minus 1% fee, leaving 7.24%, isn't that cutting it fine with "cash drag" and bad debt to be deducted, to meet the 7% target? Did I miss something? I realise bad debt is very low now, but could rise.
I think your product is brilliant for time constrained and medium risk p2p investors. The question is would you launch a product that is higher risk? Instead of a near 8%(8.24%) rate, i'm thinking of something 11-12%, you could even target 8-9% after fees/bad debt/cash drag.
You could even have a low risk option, investing at 6%, targeting 4.5%.
It could even be a simple as having an option to avoid loans yielding below 10% pa(or the equivalent invoice discounting, cash drag/dead time adjusted)
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oldgrumpy
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Post by oldgrumpy on Aug 22, 2016 15:53:23 GMT
Two question. The average rate available today(on the website) 8.24%..... I have been invested since 10 August, and put £3K (four separate tranches) in to try the site out. £2867 has been lent out. Headline rate 9.12% (up from 8.98% yesterday). Getting nervous about a certain 12% site, having a short break from RS reinvestment, so some of the withdrawn cash has gone into BM, (because AC cannot often cope with lending out more than two or low three figure sums, and just occasionally).
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Post by stevefindlay on Aug 22, 2016 16:41:15 GMT
Two question. The average rate available today(on the website) 8.24%. If we minus 1% fee, leaving 7.24%, isn't that cutting it fine with "cash drag" and bad debt to be deducted, to meet the 7% target? Did I miss something? I realise bad debt is very low now, but could rise. I think your product is brilliant for time constrained and medium risk p2p investors. The question is would you launch a product that is higher risk? Instead of a near 8%(8.24%) rate, i'm thinking of something 11-12%, you could even target 8-9% after fees/bad debt/cash drag. You could even have a low risk option, investing at 6%, targeting 4.5%. It could even be a simple as having an option to avoid loans yielding below 10% pa(or the equivalent invoice discounting, cash drag/dead time adjusted) - completely fair point. Our aim to is enable all our clients to get above 7.0% net at all times. We've achieved this to date for everyone. And over any rolling-12-month-period we'd like to ensure this is always the case. We can't guarantee it, but that's our aim. "Higher risk product" - we definitely aim to be at the more conservative end of this market. I suspect we would offer alternatives that are even lower (i.e. 5-6%) before we consider doing something (if at all) at the riskier end 10%+ on average. We've always said that things are likely to go wrong when someone gets greedy in this market - be it the investor, lender, borrower or platform operator. And you can't turn bad credit into good credit by charging a higher interest rate. So we are aiming to be more cautious. Thank you for your kind words about our service. It means a lot to us to read that. Thank you.
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fp
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Post by fp on Aug 22, 2016 16:44:19 GMT
Two question. The average rate available today(on the website) 8.24%..... I have been invested since 10 August, and put £3K (four separate tranches) in to try the site out. £2867 has been lent out. Headline rate 9.12% (up from 8.98% yesterday). Getting nervous about a certain 12% site, having a short break from RS reinvestment, so some of the withdrawn cash has gone into BM, (because AC cannot often cope with lending out more than two or low three figure sums). I put an extra £500 in at 1pm today which is fully allocated already, currently headlining at 8.83%, my wife's account is about 95% allocated, headlining at 8.69%
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Greenwood2
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Post by Greenwood2 on Aug 22, 2016 19:18:21 GMT
I seem to be stuck at about 10% not allocated on reinvesting funds.
Edit : Not adding any more until I see these funds lent.
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Post by stevefindlay on Aug 23, 2016 8:56:07 GMT
I seem to be stuck at about 10% not allocated on reinvesting funds. Edit : Not adding any more until I see these funds lent. We aim for client funds to be at least in the range 92-98% deployed at all times (see the deployment part of this article). If a client account is below 95% allocated then it shows up in our "red" zone on our dashboard. Greenwood2 If you have specific questions relating to your account and would like a more detailed response, we can address these better in private: invest@bondmason.com Many thanks
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oldgrumpy
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Post by oldgrumpy on Aug 23, 2016 15:02:52 GMT
DON'T DO THAT!  SEND OUT A BONDMASON EMAIL WITH "INTEREST RATE CUT" AS ITS PRIMARY TITLE  I DROPPED MY BANANA  And all it was? BoE cut rate to 0.25%  I need a drink.  
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Post by stevefindlay on Aug 24, 2016 18:42:56 GMT
Sorry oldgrumpy - didn't mean to frighten you! Hope the drink made up for it... |
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Greenwood2
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Post by Greenwood2 on Aug 25, 2016 16:27:20 GMT
92%-98% invested seems good, but up to 8% not invested not so good. 8% of £100 or £1000 is not a lot but 8% of £10,000 (or more) becomes a chunk of money. Another one that may need to be a maximum of x% but also a maximum of £y.
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oldgrumpy
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Post by oldgrumpy on Aug 25, 2016 21:57:53 GMT
I will only stay long term if I can get a consistent 95%+ invested (apart from the couple of days after depositing funds).
(My current ploy is to top up so about 80-85% is invested, then wait.)
92.2% after yesterdays deposit, so looking to achieve 95%+ by tomorrow, then drip a bit more in Monday morning.
edit ... 93.1%, not much invested Friday.
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Post by robbobrum on Aug 26, 2016 9:16:16 GMT
My allocation is just over 95%.
I'm happy with how its going so far.
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Post by henders on Aug 26, 2016 13:17:45 GMT
Similarly, mine is just under 96%.
I must say I am very impressed with BM's software and the new allocation algorithm.
The only things preventing me from going "all in" (not literally) is FCA authorisation and a longer track record of delivery on the net 7% "commitment".
So far very happy and I am continuing to run down my RS and gradually move into this.
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rick24
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Post by rick24 on Aug 26, 2016 16:45:40 GMT
I'm taking the same approach as you Henders.
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Post by brianac on Aug 29, 2016 15:10:55 GMT
I seem to be stuck at about 10% not allocated on reinvesting funds. Edit : Not adding any more until I see these funds lent. We aim for client funds to be at least in the range 92-98% deployed at all times (see the deployment part of this article). If a client account is below 95% allocated then it shows up in our "red" zone on our dashboard. Greenwood2 If you have specific questions relating to your account and would like a more detailed response, we can address these better in private: invest@bondmason.com Many thanks I seem to be stuck on 93.5% for the lat couple of weeks, would like to put more in (especially as I've just been paid!) but, like OG, I'll let a bit more of the 6.5% get allocated first
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dave
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Post by dave on Aug 29, 2016 15:35:58 GMT
We aim for client funds to be at least in the range 92-98% deployed at all times (see the deployment part of this article). If a client account is below 95% allocated then it shows up in our "red" zone on our dashboard. Greenwood2 If you have specific questions relating to your account and would like a more detailed response, we can address these better in private: invest@bondmason.com Many thanks I seem to be stuck on 93.5% for the lat couple of weeks, would like to put more in (especially as I've just been paid!) but, like OG, I'll let a bit more of the 6.5% get allocated first Providing the 'target' is on my entire invesment, then they can deploy as much or little as they like  best regards Dave
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