Speed of lending; cash drag

Thanks for the update stevefindlay ; hope the optimism for improved loan availability is borne out.

I guess the chosen funding method will depend on personal preference for idle funds vs slower funding; although if I get too many more sub 0.5% allocations I might opt for drip-feeding!  Over a week and I'm still less than 20% invested, with a third of those for one month which will soon dilute investment level - however, I'll be happier with quality over quantity.

I'm intrigued about the "more active" deployment - but suspect it will be curtailed by the "fairness" criteria.

As a comparison, a platform I recently left offer a managed fund targeting 6%, deploying funds "instantly" by trawling the SM at a max 5% exposure.

That's effectively how I first invested last year when I started with them.  When I got out recently I had capital defaults from that portion of my portfolio totalling 12% against 9.43% net return - I can think of more satisfying ways of getting rid of money!

The fact they are currently reporting total Arrears/Losses approaching 5% from that period is untypical for anyone investing a balanced spread, because the defaults have been exclusively amongst the smaller loans (hence the £defaults are proportionally less than the 15% of loans which have gone pear-shaped - which had repaid about 2.5%).

So I'll go with BM's "slowly slowly catchy monkey" approach, with careful loan selection to minimise losses.  I funded half my short-term investment target at 2%, intending to add more at 1% if all went well.  The fact that's looking like around 2 months rather than one (I'm almost 25% deployed after almost 2 weeks) doesn't bother me, although I would like to see the delay recognised in marketing, such as admitting the reality that full investment takes 7 - 56 days.

Keep up the good work, Steve (plus colleagues) and congratulations on your track record and candid dialogue.

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