Greenwood2
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Post by Greenwood2 on Feb 1, 2017 7:48:05 GMT
My problem is I don't want £200 chunks. I don't want that much at risk on any one loan, I'd really like to be able to cap the allocation at say £100/loan.
Edit: At present I have two loans in default, if they were for £200 each it would more than wipe out my earnings to date, if they are not recovered.
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Post by stevefindlay on Feb 1, 2017 7:59:16 GMT
My problem is I don't want £200 chunks. I don't want that much at risk on any one loan, I'd really like to be able to cap the allocation at say £100/loan. The you're in luck...we are developing a 0.5% setting in addition to the 1% and 2% settings we have currently. Please note, drip feeding investment won't guarantee that you always have smaller investment amounts, as we look at your overall holding every time a new loan is distributed.
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Post by stevefindlay on Feb 1, 2017 8:01:01 GMT
I see A LOT of people complaining about time to be fully invested and MANY of whom make multiple deposits along the way. Have they realised with the Bondmason system this hugely slows down their time to full investment .... so perhaps they should complain about themselves !!??!!  If you want to INVEST 10k and do this up front with 2% loan chunks, then 50 chunks of £200 later you're done. However deposit 1k, set to 2% and wait until 50% invested to add a further 1k - by this point you have 25 chunks of £25 Now with 2k, you wait until 1.5k invested to add another 1k - adding a further 50 chunks of £40 Now with 3k, you wait until 2.5k invested to add another 1k - adding a further 50 chunks of £60 etc. etc. etc All the while some loans are paying off and you are forever chasing your tail ...... invest wisely and don't drip feed here !!!  @nirish - this is true. The fastest way to have £10,000 deployed on BondMason is to deposit funds at one time. However, we also have quite a few clients who set up Standing Orders (regular monthly deposits), and these are also doing pretty well now.
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Post by stevefindlay on Feb 1, 2017 8:03:17 GMT
Stats: please excuse the absence of weekly deployment stats over the last couple of weeks. Most accounts are well invested, hence the silence.
Quite update
- 93% invested overall and a further 3% in committed but not yet drawn loans. So at 96% effectively.
- Two-thirds of all clients are fully invested.
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Greenwood2
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Post by Greenwood2 on Feb 1, 2017 8:08:02 GMT
My problem is I don't want £200 chunks. I don't want that much at risk on any one loan, I'd really like to be able to cap the allocation at say £100/loan. The you're in luck...we are developing a 0.5% setting in addition to the 1% and 2% settings we have currently. Please note, drip feeding investment won't guarantee that you always have smaller investment amounts, as we look at your overall holding every time a new loan is distributed. I have actually stopped adding funds because of that! I added an edit to my post above pointing out that with two defaults, if they had been for £200 each my earnings to date would be more than wiped out! (If they are not recovered).
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littleoldlady
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Post by littleoldlady on Feb 1, 2017 9:27:31 GMT
I see A LOT of people complaining about time to be fully invested and MANY of whom make multiple deposits along the way. Have they realised with the Bondmason system this hugely slows down their time to full investment .... so perhaps they should complain about themselves !!??!! If you want to INVEST 10k and do this up front with 2% loan chunks, then 50 chunks of £200 later you're done. However deposit 1k, set to 2% and wait until 50% invested to add a further 1k - by this point you have 25 chunks of £25 Now with 2k, you wait until 1.5k invested to add another 1k - adding a further 50 chunks of £40 Now with 3k, you wait until 2.5k invested to add another 1k - adding a further 50 chunks of £60 etc. etc. etc All the while some loans are paying off and you are forever chasing your tail ...... invest wisely and don't drip feed here !!! The problem with this approach is that you have most of your money earning nothing for some time. If the cap was changed from a % to an amount it would solve the problem easily.
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pauls
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Post by pauls on Feb 1, 2017 14:31:23 GMT
Very quick to process my top up and very quick to get the new funds lent out. Thanks guys, keep up the good work.
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Post by wickedxuk on Feb 1, 2017 17:30:22 GMT
My problem is I don't want £200 chunks. I don't want that much at risk on any one loan, I'd really like to be able to cap the allocation at say £100/loan. The you're in luck...we are developing a 0.5% setting in addition to the 1% and 2% settings we have currently. Please note, drip feeding investment won't guarantee that you always have smaller investment amounts, as we look at your overall holding every time a new loan is distributed. However the 0.5% will only help in while he has a specific amount on the platform. If he wants to maintain a £100 investment across all loans a £20K deposit is required and then nothing else. I think the solution is to allow the settings to allow a specific amount per loan rather then a %. This has been asked for multiple times by multiple people. I think it's time the option was given...
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Post by bobthebuilder on Feb 2, 2017 4:37:01 GMT
However the 0.5% will only help in while he has a specific amount on the platform. If he wants to maintain a £100 investment across all loans a £20K deposit is required and then nothing else. I think the solution is to allow the settings to allow a specific amount per loan rather then a %. This has been asked for multiple times by multiple people. I think it's time the option was given... Couldn't agree more. The lack of this option is one of the main reasons I haven't added to my investment in BM in months. As things stand I'd either have to stick to 2% diversification, which I don't want to do because loan sizes are getting larger than I'm comfortable with, or I'm obliged to move to 1% diversification which would result in even greater cash drag than I've experienced already.
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adrianc
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Post by adrianc on Feb 2, 2017 8:21:02 GMT
However the 0.5% will only help in while he has a specific amount on the platform. If he wants to maintain a £100 investment across all loans a £20K deposit is required and then nothing else. I think the solution is to allow the settings to allow a specific amount per loan rather then a %. This has been asked for multiple times by multiple people. I think it's time the option was given... Couldn't agree more. The lack of this option is one of the main reasons I haven't added to my investment in BM in months. As things stand I'd either have to stick to 2% diversification, which I don't want to do because loan sizes are getting larger than I'm comfortable with, or I'm obliged to move to 1% diversification which would result in even greater cash drag than I've experienced already. What %age would your "specific amount" work out to?
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Greenwood2
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Post by Greenwood2 on Feb 2, 2017 8:46:40 GMT
The real point is that as I add funds I want to increase my diversification, not keep a 1%, 2% or even a 0.5% loan size. If I have 100 loans at 1% with £10,000 invested (better 200 loans at 0.5%) I would like to have 200/400 loans if I increase my funds to £20,000.
Zopa uses the cash in your account to determine the chunk size, which is a good compromise since unless you have just added a large amount of funds you automatically lend in small chunks.
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stub8535
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Post by stub8535 on Feb 2, 2017 8:58:09 GMT
There are flaws in that arguement greenwood1. On a platform where i can set a maximum per loan and the site uses pot size to determine allocations I have had several small loans of less than £10 when my balance was low. Had high loan allocations when high balance in though.
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adrianc
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Post by adrianc on Feb 2, 2017 9:20:59 GMT
The real point is that as I add funds I want to increase my diversification, not keep a 1%, 2% or even a 0.5% loan size. If I have 100 loans at 1% with £10,000 invested (better 200 loans at 0.5%) I would like to have 200/400 loans if I increase my funds to £20,000. If you have 100 loans at £10k, with 1% setting, you'll still have those 100 loans when you increase to £20k. But then you'll get another 50 loans from that next £10k, because 1% of £20k is £200 - so you'd have 150 loans, at an average size of £133, or 0.66%. If you want 200 x £100 loans at £20k balance, you'll need 0.5% set. If you want 400 x £50 loans, you'd need 0.25% set. I suspect you'd find cash drag an insurmountable obstacle at 0.25% - are there even 400 loans on the platform?
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Greenwood2
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Post by Greenwood2 on Feb 2, 2017 10:50:14 GMT
Loans are repaying all the time (many are short term) and these will be re-invested at £200. I'm not sure if they actually give you another bite of the same loan to get to the specified %, if you invest more funds and there is any of the loan left.
The rate of loan generation on the platform may be a problem, but that's my problem if I ignore the suggested % in favour of diversification and slower lending.
Edit: 1,645 loans quoted on the statistics page.
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Post by bobthebuilder on Feb 3, 2017 9:18:31 GMT
Couldn't agree more. The lack of this option is one of the main reasons I haven't added to my investment in BM in months. As things stand I'd either have to stick to 2% diversification, which I don't want to do because loan sizes are getting larger than I'm comfortable with, or I'm obliged to move to 1% diversification which would result in even greater cash drag than I've experienced already. What %age would your "specific amount" work out to? At the moment (with 97% invested and loan parts up to £250 being bought - the maximum I'm happy with), I'd need a diversification ratio of 1.6% to maintain an investment amount per loan of £250 if I were to give a further £3000 to BM, and at that rate it would take roughly 13 loans at £250 to become fully invested. If I could specify £250 as my maximum investment per loan, I could add £1000 instead of £3000, be fully invested after 5 new loans and could then add further £1000 tranches to acquire 4 new loans each time, thereby minimising cash drag. Under the present set-up if I deposit a further £3000 with a diversification ratio of 2%, I end up with loan parts of £310 (more than I want) or I switch to 1%, reducing my maximum investment to £160 per loan and requiring roughly 21 loans to become fully invested.
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