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Post by stevefindlay on Nov 30, 2016 9:57:01 GMT
Thank you for all your patience. We are continuing to make a good uplift in everyone's allocations. Still more to do though...
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nairda
Member of DD Central
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Post by nairda on Nov 30, 2016 11:21:35 GMT
Woooooosh. That must mean the accelerated algorithm was deployed!! Now at 100% invested. Time to find some more funds under the sofa. You should be so lucky, I'm still languishing at 83% 
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guff
Posts: 730
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Post by guff on Nov 30, 2016 12:19:35 GMT
A little bit disappointed at 91% and 84% on mine and Mrs. Guff's account. No investments this week, so they're both down to ~85%. Another week of inactivity but a couple of investments yesterday brought them up to 90% and 92½%. Like the banana muncher, my RS funds are continuing to go elsewhere as BM do not appear to be able to get them invested to my satisfaction.
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oldgrumpy
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Post by oldgrumpy on Nov 30, 2016 13:24:07 GMT
Yep. Despite a few loans yesterday I still have £612 unused (so 91.8% deployed). It's the end of the month, so goodness knows how many repayments we will get by tomorrow/Friday. Nearly nine weeks since I was able to add investment, despite having the resources. It's all still close to the target 7% after fees but with little or no leeway for defaults now.
Update Friday 2 December. £621 unused, 91.7% deployed.
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shimself
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Post by shimself on Nov 30, 2016 13:57:22 GMT
Quick update on the weekly stats: - 30 Sep: 100%
- 11 Oct: c75%
- 19 Oct: 71.9%
- 28 Oct: 81.4% (of which 6.5% in pending loans)
- 14 Nov: 87.2% invested (of which 6.0% is in pending loans)
- 25 Nov: 94% invested (of which 5.5% is in pending loans): although this statistic excludes two deposits totalling £750k received in the week - to keep it representative for most clients. 80% of clients now have at least 90% deployment.
Getting there...thank you for your perseverance over the last few weeks...
Um, I arrived on Nov 10 and I am 39% invested and therefore 61% rusting slowly. Does that acccord with your stats above?
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Post by stevefindlay on Nov 30, 2016 14:49:00 GMT
Woooooosh. That must mean the accelerated algorithm was deployed!! Now at 100% invested. Time to find some more funds under the sofa. You should be so lucky, I'm still languishing at 83% - it's difficult to comment on an individuals account without your name / reference. Please contact us at invest@bondmason.com and we'd be happy to take a look. At 83% we'd expect 7-10 more days to get fully invested.
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Post by stevefindlay on Nov 30, 2016 14:51:14 GMT
No investments this week, so they're both down to ~85%. Another week of inactivity but a couple of investments yesterday brought them up to 90% and 92½%. Like the banana muncher, my RS funds are continuing to go elsewhere as BM do not appear to be able to get them invested to my satisfaction. Investment levels are increasing across the board, but I understand your frustration.
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Post by stevefindlay on Nov 30, 2016 15:04:34 GMT
Yep. Despite a few loans yesterday I still have £612 unused (so 91.8% deployed). It's the end of the month, so goodness knows how many repayments we will get by tomorrow/Friday. Nearly nine weeks since I was able to add investment, despite having the resources. It's all still close to the target 7% after fees but with little or no leeway for defaults now. To respond on some of your questions: - "end of the month" - our loans are dated throughout the month; there isn't a concentration of repayments at month end - " Nearly nine weeks since I was able to add investment, despite having the resources" - increasing your investment amount, increases your unit size, and your absolute rate of deployment (in £s) is faster. Admittedly, this won't change your percentage investment alloaction rate. - "It's all still close to the target 7% after fees but with little or no leeway for defaults now." - you may want to set your investment concentration setting to 1% (if it isn't already) if you are sensitive to the impact of any defaults / crystallised losses. We've not had any crystallised losses to date, but we can't guarantee this. Its difficult to comment on a specific account without your name / reference number. If you have specific questions, please contact us at invest@bondmason.com
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Post by stevefindlay on Nov 30, 2016 15:07:25 GMT
Quick update on the weekly stats: - 30 Sep: 100%
- 11 Oct: c75%
- 19 Oct: 71.9%
- 28 Oct: 81.4% (of which 6.5% in pending loans)
- 14 Nov: 87.2% invested (of which 6.0% is in pending loans)
- 25 Nov: 94% invested (of which 5.5% is in pending loans): although this statistic excludes two deposits totalling £750k received in the week - to keep it representative for most clients. 80% of clients now have at least 90% deployment.
Getting there...thank you for your perseverance over the last few weeks...
Um, I arrived on Nov 10 and I am 39% invested and therefore 61% rusting slowly. Does that acccord with your stats above? Yes - it does: we suggest 14-28 days to be fully invested. You are on target to hit this allocation rate. The stats are platform-wide. We don't operate a fund (or collective investment scheme) so clients are at varying levels of investment allocation. Many are at 99-100% invested, and others are moving upwards.
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Nov 30, 2016 16:39:30 GMT
You should be so lucky, I'm still languishing at 83% - it's difficult to comment on an individuals account without your name / reference. Please contact us at invest@bondmason.com and we'd be happy to take a look. At 83% we'd expect 7-10 more days to get fully invested.I do hope nairda achieves this in 7-10 more days. If he does, I shall be asking questions if I don't, and people are already bored with me ( I'm bored with me!) ! I have been waiting since 18 October (when I was on 83%) - 43 days.
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Post by stevefindlay on Nov 30, 2016 16:54:14 GMT
nairda - it's difficult to comment on an individuals account without your name / reference. Please contact us at invest@bondmason.com and we'd be happy to take a look. At 83% we'd expect 7-10 more days to get fully invested. I do hope nairda achieves this in 7-10 more days. If he does, I shall be asking questions if I don't, and people are already bored with me ( I'm bored with me!) ! I have been waiting since 18 October (when I was on 83%) - 43 days. - I'd love to do a deep dive on your account - please drop me a line. Its difficult to have a meaningful conversation about your account specifics without know which one is your account. Anyway an FYI - here's a quick list of some reasons why some clients may get allocated at different rates (despite us doing our best efforts to treat every fairly): (1) The concentration setting: 1% or 2% (2) The date of their first investment: they may get lucky on their first allocation and/or the seasonal supply-demand cycle we've seen in 2016 and/or if we are close to 100% across the board (3) The amount invested: £1,000 may be allocated at different rate to £10,000, which may be allocated at a different rate to £100,000 etc.... (the trend is that it takes a bit longer for larger investments) (4) The proportion of the first investments which are shorter term: luck of the draw, but if you get more invoice discount finance than longer term loans initially, these may repay whilst you are still in the ramp-up phase
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nairda
Member of DD Central
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Post by nairda on Nov 30, 2016 17:04:09 GMT
nairda - it's difficult to comment on an individuals account without your name / reference. Please contact us at invest@bondmason.com and we'd be happy to take a look. At 83% we'd expect 7-10 more days to get fully invested. I do hope nairda achieves this in 7-10 more days. If he does, I shall be asking questions if I don't, and people are already bored with me ( I'm bored with me!) ! I have been waiting since 18 October (when I was on 83%) - 43 days. I hope it's less than 7-10 days, most of this money has been kicking around for ages. I know there have been repayments but reinvestment barely keeps up with the repayments.
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guff
Posts: 730
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Post by guff on Nov 30, 2016 17:32:52 GMT
nairda - it's difficult to comment on an individuals account without your name / reference. Please contact us at invest@bondmason.com and we'd be happy to take a look. At 83% we'd expect 7-10 more days to get fully invested. I do hope nairda achieves this in 7-10 more days. If he does, I shall be asking questions if I don't, and people are already bored with me ( I'm bored with me!) ! I have been waiting since 18 October (when I was on 83%) - 43 days. I'm not bored at all, rather watching with baited breath. I have a very similar experience on one of my accounts, albeit with about half the amount. I have refrained from requesting divine intervention as I saw BM as a way of investing some of my portfolio and largely forgetting (so far it has been anything but) so getting manual involvement is rather defeating the object.
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oldgrumpy
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Post by oldgrumpy on Nov 30, 2016 18:59:38 GMT
"oldgrumpy - I'd love to do a deep dive on your account - please drop me a line."
Thank you for the offer. We'll see how things go in those next 7-10 days. In the meantime I shall maintain my masked ID! For comparison's sake my deposit is £7400 (now valued at £7500) and has been unchanged since 30 September, and has fluctuated between 78% and 94.6% (for one day) set at 1% max per loan since then, so never out of your "unsatisfactory sub 95%" category in that time. I can't be the only one. What's the "sweet spot"? £10K? More?
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bababill
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Post by bababill on Dec 1, 2016 1:03:07 GMT
Agreed with the general viewpoints on this forum.
I will probably give up with Bondmason soonish.
Steven has said one needs to be in I think 3-4 months to judge fully.
I have been invested circa 3 months.
My XIRR not including accrued interest is 3.50% and including accrued interest is 4.84%.
Obviously Bondmason's website says I am making much higher at circa 9+%. Fortunately, HMRC won't agree with this headline figure and I will be paying tax on the 3.5% earned...
Actually will be paying higher tax then on the 3.5% earned as I can not deduct Bondmason's fees.
Current balance is circa £7000 fyi...
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