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Post by Deleted on Jul 6, 2017 22:34:22 GMT
Just to add another view from an investor:
I deposited 5 weeks ago and am currently at 30% invested with a 1% diversity setting.
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littonowl
Member of DD Central
Posts: 398 
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Post by littonowl on Jul 7, 2017 11:00:28 GMT
Just to add another view from an investor: I deposited 5 weeks ago and am currently at 30% invested with a 1% diversity setting. The above deployment figures and other recent examples don't exactly offer encouragement to those who might have been considering a return when, or if, BM ever launch an IFISA. Suspect the additional lender cash that the product might bring would make matters even worse and is probably why nothing's been done so far..
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muh3
Posts: 52
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Post by muh3 on Jul 7, 2017 12:17:05 GMT
On the bright side, I have to say, I have not seen any invoice discounting loans lately.
I will give it a view months and see how it goes.
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andyc
Posts: 18
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Post by andyc on Jul 7, 2017 15:24:32 GMT
Well on the bright side, I am getting 9% (less 1.5 charges) on the 30% funds invested. However, the same amount with AC was fully invested after 7 days (7%) and there's the QAC that earns 3.75% while waiting.
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Post by stevefindlay on Jul 7, 2017 15:30:14 GMT
We're currently at 88.5% invested at present across the platform. Whenever we're in the 90s, rate of deployment ticks up very nicely.
Nonetheless, our mantra is very much that this should be viewed as a 12+ month asset class, so the first few weeks rate of deployment - although psychologically important - shouldn't be outweighed by the level of diversification or quality of lending.
When considering our service and rate of deployment, please contrast to services that are providing you with access to 50-100+ separately identifiable positions (also, across 20+ vetted lending partners).
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TheDriver
Member of DD Central
Slightly bonkers
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Post by TheDriver on Aug 1, 2017 7:10:31 GMT
I don't think anyone is too bothered about it taking a couple of months to fully deploy - I'm certainly happier with that than instant diversification buying up all and sundry cast-offs - as long as the quality ( and defaults) remain low, but to persist in claiming a 28 day average to full deployment when it's blatantly obvious that it's currently nearer 56 days is rather disingenuous.
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Post by Deleted on Aug 1, 2017 8:48:34 GMT
Another update from me: 2 months since depositing and currently 45% invested.
Anyone else interested in sharing their timelines to get a bigger picture?
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Post by stevefindlay on Aug 2, 2017 20:40:03 GMT
The average deployment period is still 4 weeks for a 2% investment setting. This does ebb and flow - sometimes faster, sometimes longer. The main thing is that the credit quality is good and every client is treated fairly. Also worth noting is that once clients are fully invested they tend to stay fully invested (95-100%). There isn't a reversion to the average platform deployment (e.g. 90%).
We have some interesting developments on this front though - nothing we can announce just yet, but there is something in the pipeline that may solve fast depolyment once and for all. More to follow after the summer...
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Post by stevefindlay on Aug 10, 2017 18:37:03 GMT
Adding some statistics to this (based on deposits in 2016 and 2017 to date):
- The average time for any balance to get deployed is: 30.2 days (1st quartile is 7.1 days; 3rd quartile is 42.1 days)
Looking at deposit sizes:
- The average time for deposits less than £10,000 is 26.1 days
- The average time for deposits less than £25,000 is 28.0 days
- The average time for deposits less than £50,000 is 28.6 days
- The average time for deposits less than £100,000 is 29.5 days
- The average time for deposits less than £250,000 is 30.1 days
So the size of deposit does have some impact on the rate of deployment, but not much.
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TheDriver
Member of DD Central
Slightly bonkers
Posts: 493
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Post by TheDriver on Aug 11, 2017 5:31:51 GMT
I'm not a finance guru, but it's fairly basic maths that the average must fall within the range of values. Therefore, how is the average more than any of the constituent results?
I note that this summary is over a much longer period, but surmise that it is the sort of computation that underpins the assertion it's currently an average of 4 weeks to full investment, while investor feedback unanimously suggests that recent investments are taking twice that long.
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keystone
Member of DD Central
Posts: 718
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Post by keystone on Aug 11, 2017 9:17:39 GMT
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Post by stevefindlay on Aug 11, 2017 9:25:11 GMT
Reposted from the capital deployed chart thread (I really need to combine those two threads....)Here is a chart of the average time to get fully deployed over time, based on a rolling average of the most recent 100 deposits (blue line) and the most recent 250 deposits (grey line).  Some observations: - The average time since January 2016 has been 30.2 days, per my post above.
- In the first half 2016, the averages were brought down as we brought on more loan providers.
- The lowest average deployment period was 7 days in September 2016; which then led to a significant influx of new capital, pushing out the average to almost 60 days (which was then exacerbated by slower availability of new loans over the Christmas period)
- Throughout 2017 the average has been reasonably consistent around the 4 week mark, and we are currently seeing a downward trend (i.e. faster allocations)
- The chart show deployment periods for all clients (1% or 2% investment settings), so a 2% setting should lead to faster allocations.
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keystone
Member of DD Central
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Post by keystone on Aug 11, 2017 9:25:14 GMT
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,447
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Post by stub8535 on Aug 11, 2017 10:32:42 GMT
I guess the average for deposits greater than £250,000 must be very long (60 days?) which would bring bring the average up. I think there are some biiiig hitters on there. I think an issue for BM, at least from the conversations on here, is that individual experiences can differ greatly from the average which can make the quoted average platform figures difficult to swallow. It's not like a fund where everyone shares the pain and the gain. I do sometimes wonder if there are some lucky individuals experiencing returns in excess of 12% who are keeping quiet somewhere. You could have a single big big hitter experiencing returns of 12% and everyone else making losses or returns of 1% and Bond Mason would still hit their stated average return of 7%. What I would like to see is the total number of Bond Mason investors, how many have achieved returns at each percentage point including those who have made losses. In order for the so called big hitter to achieve 12% there would need to be a secondary allocation route and perfect timing, blind, as to when a big interest loan is bought by the platform. It seems you have no trust in the automatic allocations method. I suggest this platform may not be for you in the same way that people who question the physical possession of goods on collateral. You are free to invest elsewhere rather than scare monger without evidence here.
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gnasher
Member of DD Central
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Post by gnasher on Aug 11, 2017 13:54:25 GMT
Returning to the subject (this thread is supposed to be about speed of lending; cash drag - not rate of return). Something is very very amiss here indeed! My investment rate is just completely different to what I should have received according to the last graph posted by stevefindlay above. I do not mean at slight variance with, I mean completely, utterly, totally different! - and not in a good way. What the heck is going on? I will have a look at my data in detail and post back. |
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