IFISAcava
Member of DD Central
Posts: 3,692
Likes: 3,018
|
Post by IFISAcava on Sept 20, 2017 2:01:06 GMT
It's been 100 days since I made my small initial investment and I'm still only at 65% invested. It seems some others have got more of the recent loans. Why are they not spread evenly? I'm ok with BM taking time and care to select good loans, but for it to now be almost three and a half months and still have so much uninvested it does feel quite frustrating. Invested the minimum on 1 June 2017. Now at 70% so, rest assured, you're not alone. My history: invested £10K on 20 March, reached 100% (well, 98%) on 15 June. So nearly 3 months to get fully invested (at 1% diversity) Then gradually upped to £13K (in 3*£1000 steps) and stayed over 90% from 15 June-10 Aug. Then on 10 Aug went to £15K, but investment stagnated, never got above 80% - investment level didn't budge for 30 days. So reduced back down to £12K on 11 Sept and am happily at 99%.
|
|
IFISAcava
Member of DD Central
Posts: 3,692
Likes: 3,018
|
Post by IFISAcava on Sept 20, 2017 2:06:08 GMT
IFISAcava Agreed, but the IFISA aspect apparently isn't a priority according to this; other statements have suggested they're aiming for clients above ISA limits! HtH If the link doesn't work, try this: neither works! I take the point, but I am lucky enough to have pretty sizeable 6 figure ISA sums, which I have transferred to other IFISAs from S&S, so it isn't just about the £20K (which in any case isn't chicken feed!). I like the idea of a 7% ish fire and forget return on an ISA - like FC may be, like AC may be - so it would be attractive if they had one. it's easier than struggling for 12% on the high risk platforms only to see it reduced to 7% after tax.
|
|
IFISAcava
Member of DD Central
Posts: 3,692
Likes: 3,018
|
Post by IFISAcava on Sept 20, 2017 2:12:24 GMT
Invested the minimum on 1 June 2017. Now at 70% so, rest assured, you're not alone. My history: invested £10K on 20 March, reached 100% (well, 98%) on 15 June. So nearly 3 months to get fully invested (at 1% diversity) Then gradually upped to £13K (in 3*£1000 steps) and stayed over 90% from 15 June-10 Aug. Then on 10 Aug went to £15K, but investment stagnated, never got above 80% - investment level didn't budge for 30 days. So reduced back down to £12K on 11 Sept and am happily at 99%. Oh, and net return £285 in that period, plus £40 on the watch list. I dont do XIRR, but a ball park estimate would suggest that is about 5% pa equivalent.
|
|
IFISAcava
Member of DD Central
Posts: 3,692
Likes: 3,018
|
Post by IFISAcava on Sept 20, 2017 2:14:05 GMT
IFISAcava Agreed, but the IFISA aspect apparently isn't a priority according to this; other statements have suggested they're aiming for clients above ISA limits! HtH As my Android tablet doesn't like hyperlinks, if it doesn't work see the thread "Bondmason looking to focus on pensions over IFISAs" thanks!
|
|
TheDriver
Member of DD Central
Slightly bonkers
Posts: 493 
Likes: 190
|
Post by TheDriver on Sept 20, 2017 2:22:42 GMT
Invested the minimum on 1 June 2017. Now at 70% so, rest assured, you're not alone. My history: invested £10K on 20 March, reached 100% (well, 98%) on 15 June. So nearly 3 months to get fully invested (at 1% diversity) Then gradually upped to £13K (in 3*£1000 steps) and stayed over 90% from 15 June-10 Aug. Then on 10 Aug went to £15K, but investment stagnated, never got above 80% - investment level didn't budge for 30 days. So reduced back down to £12K on 11 Sept and am happily at 99%. My deployment drifted down to the mid 80% and stagnated during August, then bounced up 99% in the last week - starting on 11 Sept! So it looks as if you may have pulled out at just the wrong time. I'm still at 2%, while considering increasing my currently minimum investment.
|
|
IFISAcava
Member of DD Central
Posts: 3,692
Likes: 3,018
|
Post by IFISAcava on Sept 20, 2017 12:09:34 GMT
My history: invested £10K on 20 March, reached 100% (well, 98%) on 15 June. So nearly 3 months to get fully invested (at 1% diversity) Then gradually upped to £13K (in 3*£1000 steps) and stayed over 90% from 15 June-10 Aug. Then on 10 Aug went to £15K, but investment stagnated, never got above 80% - investment level didn't budge for 30 days. So reduced back down to £12K on 11 Sept and am happily at 99%. My deployment drifted down to the mid 80% and stagnated during August, then bounced up 99% in the last week - starting on 11 Sept! So it looks as if you may have pulled out at just the wrong time. I'm still at 2%, while considering increasing my currently minimum investment. I would do but current plan is to liberate more S&S ISA cash and transfer it to various IFISAs, while selling P2P investments outside of ISAs and reinvesting into S&S (using up CGT allowance and dividend tax-free free allowance each year). Seems a better use of the ISA wrapper - even the lower rate IFISAs at 4-5% work out better than BM after 40/45% tax. I'm also a bit heavy in P2P overall (38% of non-house, non-pension assets atm) so want to rebalance a bit. Having said that, if BM had an ISA I'd be straight in for a lot more.
|
|
andyc
Posts: 18
Likes: 32
|
Post by andyc on Sept 21, 2017 10:53:19 GMT
It's been 100 days since I made my small initial investment and I'm still only at 65% invested. It seems some others have got more of the recent loans. Why are they not spread evenly? I'm ok with BM taking time and care to select good loans, but for it to now be almost three and a half months and still have so much uninvested it does feel quite frustrating. Invested the minimum on 1 June 2017. Now at 70% so, rest assured, you're not alone. In the interests of fairness to BM, it is now 21 September and, miraculously, I am now fully invested as the summer holidays are now over. Hurrah ! Now please understand, I'm not interested in conspiracy theories about the possibility of manual intervention or the bizarre coincidence of the marked and significant increase in investments just three days after my previous post. I'm just relieved and pleased :-)  - drive.google.com/open?id=0BzJ_g7qdIXhqcUd4dWdJZnFrM0U
|
|
TheDriver
Member of DD Central
Slightly bonkers
Posts: 493
Likes: 190
|
Post by TheDriver on Sept 21, 2017 20:36:54 GMT
I'd have thought it is more likely due to the scenario Steve F stated earlier in this thread: . . . . . deployment isn't a constant linear function; it ebbs and flows (a bit like a spring being pulled in and out). During times of catch up, as now, as soon as more people become 100% invested, the remainder catch up even faster. Several posters (including me!) have recently reported a surge towards 100%, bearing this out.
|
|
|
|
Post by stevefindlay on Sept 22, 2017 7:35:02 GMT
IFISAcava Agreed, but the IFISA aspect apparently isn't a priority according to this; other statements have suggested they're aiming for clients above ISA limits! HtH As my Android tablet doesn't like hyperlinks, if it doesn't work see the thread "Bondmason looking to focus on pensions over IFISAs" thanks! We've got the SIPP and SSAS product up and running. So now we are moving onto the ISA...more to follow in next few weeks / months...
|
|
|
|
Post by stevefindlay on Sept 28, 2017 10:22:16 GMT
The platform is currently 97% invested on average. So deployment periods are now likely to be shorter than the average of 4 weeks.
|
|
gnasher
Member of DD Central
Posts: 207
Likes: 146
|
Post by gnasher on Oct 2, 2017 3:18:10 GMT
Like everyone else it seems, I have seen a dramatic improvement in performance since 11th Sept. My 4k balance that had remained uninvested and going nowhere for 6 weeks over the summer went out in a few days. I then added a bigger chunk and changed to a 1% setting. Even with that it all went out in 2 weeks. So I now have a classic 'hocky stick' curve. Good to see BM finally meeting their claimed investment performance, but I have to stay that when I made my first deposit in March I did not expect to have to wait 6 months before achieving the claimed 7 to 28 day deployment rate.
I like the BM model very much and will be increasing my holding, however their abject failure to meet the customer expectations that they had set for a period of 6 months has left me feeling somewhat more wary and jaundiced than I would have been had they been more honest and accurate in the first place.
Still it is good to be 99% invested at last, now I just have the flip side worry. With so much going out so quickly has the quality been maintained? Only time will tell - crossed fingers.
|
|
ashtondav
Member of DD Central
Posts: 1,814
Likes: 1,092
|
Post by ashtondav on Oct 6, 2017 12:12:12 GMT
I've experienced much the same with RS, FC, Zopa, FS and AC. Despite 12 years of learning p2p has a long way to go in terms of commitment to and subsequent delivery of the customer experience.
I've yet to invest in BM but IF I can invest a decent lump sum at 1% diversification within four weeks, AND achieve 6.5% after costs and bad debt I'll bung a few grand their way.
|
|
gnasher
Member of DD Central
Posts: 207
Likes: 146
|
Post by gnasher on Oct 10, 2017 10:55:11 GMT
I've yet to invest in BM but IF I can invest a decent lump sum at 1% diversification within four weeks, AND achieve 6.5% after costs and bad debt I'll bung a few grand their way. Well ashtondav if things continue as they are, i.e. as they have deen since 11 Sept until now, then there will be no problem in getting your 'few grand' invested at 1% diversification withinin 4 weeks, indeed probably more like 2. Things really have improved. As to the '6.5% after costs and bad debt', well only time will tell, as you know.
|
|
bugs4me
Member of DD Central
Posts: 1,845
Likes: 1,478
|
Post by bugs4me on Oct 10, 2017 21:25:26 GMT
I've yet to invest in BM but IF I can invest a decent lump sum at 1% diversification within four weeks, AND achieve 6.5% after costs and bad debt I'll bung a few grand their way. Well ashtondav if things continue as they are, i.e. as they have deen since 11 Sept until now, then there will be no problem in getting your 'few grand' invested at 1% diversification withinin 4 weeks, indeed probably more like 2. Things really have improved. As to the '6.5% after costs and bad debt', well only time will tell, as you know. Well they may have to go some. Deposit received by BM 29th Sept - zero deployed.
|
|
|
|
Post by stevefindlay on Oct 11, 2017 19:36:51 GMT
Well ashtondav if things continue as they are, i.e. as they have deen since 11 Sept until now, then there will be no problem in getting your 'few grand' invested at 1% diversification withinin 4 weeks, indeed probably more like 2. Things really have improved. As to the '6.5% after costs and bad debt', well only time will tell, as you know. Well they may have to go some. Deposit received by BM 29th Sept - zero deployed. Please can you send me your account reference: invest@bondmason.com Either your investment settings aren't switched on, or there's a bug in the system. There's no way you would have to wait 10 days for a new investment. Something not right here... We are at 96% invested across the platform. So almost everyone is fully invested, or well on their way.
|
|
