|
|
Post by stevefindlay on Nov 14, 2016 16:53:59 GMT
Quick update on deployment across the platform: - 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)
|
|
oldgrumpy
Member of DD Central
Posts: 5,087 
Likes: 3,233
|
Post by oldgrumpy on Nov 14, 2016 17:18:11 GMT
(1) fully allocated (99-100%)
(2) close to fully allocated (95-99%)
(3) unsatisfactory (95% or less)
I have been in group (3) (83%+)since late September. I am pleased to report that last Friday and today my cash deployment has moved from 86.9% to 89.7% and now 94.3%, so I'm nearly into the bands above 95% which I expect not to leave. £394 in bank, so get that down below £150 tomorrow and I might even put some more in for the first time since Sep 30. 
16 November 94.6% ....getting there!
|
|
nd
Member of DD Central
Posts: 56
Likes: 37
|
Post by nd on Nov 14, 2016 19:33:05 GMT
Been sitting at 90-95% for a while, hit 99% today.
|
|
littonowl
Member of DD Central
Posts: 398
Likes: 355
|
Post by littonowl on Nov 14, 2016 20:58:14 GMT
Looks like a good day for BM - I also hit 96% today! |
|
|
|
Post by sayyestocress on Nov 15, 2016 9:48:33 GMT
Hey no fair! 93.7% here (which I am ok with tbh). There seems to be quite a lot of invoice discounting loans recently (at least in my investments) with some quite tasty rates which I like as I have no exposure to this elsewhere. I hope these keep flowing as they are short duration and there's a home for my funds when they complete. Keep up the good work BM. |
|
nush
Member of DD Central
Posts: 396
Likes: 113
|
Post by nush on Nov 15, 2016 10:07:38 GMT
only 20% invested for me, in fairness i only started using BM yesterday, so far i am also happy
|
|
guff
Posts: 730
Likes: 707
|
Post by guff on Nov 16, 2016 12:23:13 GMT
A little bit disappointed at 91% and 84% on mine and Mrs. Guff's account.
|
|
nairda
Member of DD Central
Posts: 112
Likes: 43
|
Post by nairda on Nov 16, 2016 12:51:41 GMT
A little bit disappointed at 91% and 84% on mine and Mrs. Guff's account. Yes, I am still struggling to get above 85%.
|
|
|
|
Post by stevefindlay on Nov 16, 2016 22:05:30 GMT
A little bit disappointed at 91% and 84% on mine and Mrs. Guff's account. Yes, I am still struggling to get above 85%. Please rest assured that we aim for everyone to be 98%+ invested. The platform average is currently 88%, so some clients are above this and some below. the trend for everyone is upwards at the moment. If you have questions with respect to a specific account, very happy to answer as always: invest@bondmason.com
|
|
stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,447
Likes: 945
|
Post by stub8535 on Nov 17, 2016 23:55:06 GMT
Stevefindlay could you elaborate on why, when bm takes a stake in all loans, you need to take a month or so to get new funds invested please? is the cupboard bare in the bm portfolio?
In difficult circumstances you have dine well to get my last large investment 85% invested inside a month. I look forward to being 98% invested.
If allocations are usually 500 and the outstanding uninvested balance in account is not £300 then how much would be allocated to the next loan through?
Keep up the great comms Steve.
|
|
stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,447
Likes: 945
|
Post by stub8535 on Nov 18, 2016 10:15:55 GMT
Coincidence: we classify clients into three categories:
(1) fully allocated (99-100%)
(2) close to fully allocated (95-99%)
(3) unsatisfactory (95% or less)
Loans are allocated on a rotating batch basis (up to 5 loans at a time per client), with group (3) taking priority over group (2); and group (2) taking priority over group (1).
You will see loans allocated, and then maybe a gap for a couple of days, and then more loans etc until you are fully allocated. To "game" the system you can try to ensure you will always have 94% invested, I guess, but you will quickly move to 95%. So it's probably pointless. We try to keep this allocation process equitable for all. We currently have 65% of clients in group (1); 10% in group (2); and the rest in group (3). (cc: nairda ) Thanks for the explanation of your workings, stevefindlay , it looks a pretty fair way of going about the allocation process to me (and no, I'm not in Group 1, before anyone asks !  ). Also, in fairness to BM, they're not the only platforms struggling to fully allocate lender funds atm either, especially amongst the 'fire and forget' sites... Steve how many of the category 3 are due to only having invested in the past 4 weeks?
|
|
|
|
Post by stevefindlay on Nov 18, 2016 18:47:41 GMT
Stevefindlay could you elaborate on why, when bm takes a stake in all loans, you need to take a month or so to get new funds invested please? is the cupboard bare in the bm portfolio? In difficult circumstances you have dine well to get my last large investment 85% invested inside a month. I look forward to being 98% invested. If allocations are usually 500 and the outstanding uninvested balance in account is not £300 then how much would be allocated to the next loan through? Keep up the great comms Steve. Of course - we are trying to balance projected supply with projected demand. We've been growing at 30%-50% a month this year, which we are delighted with, but it does make it difficult to forecast sensibly. Also, when a new client comes to the platform they are generally seeking 50-100+ loans, so if we are behind in projections you can see how a back log can build up. We are committed to keeping our investing discipline though, so we prefer to take 'heat' for slow deployment as opposed to poor quality loans and defaults. As we continue to grow, it will become much easier to project demand (on a percentage basis), and we are adding some more very good direct lenders, so deployment should only get better and better. To answer your question re unit sizes. When you get toward the end of your allocation, you can get positions as small as half of your unit size (I.e. £250 vs. £500) but not usually smaller than that.
|
|
|
|
Post by stevefindlay on Nov 18, 2016 19:09:31 GMT
Thanks for the explanation of your workings, stevefindlay , it looks a pretty fair way of going about the allocation process to me (and no, I'm not in Group 1, before anyone asks ! ). Also, in fairness to BM, they're not the only platforms struggling to fully allocate lender funds atm either, especially amongst the 'fire and forget' sites... Steve how many of the category 3 are due to only having invested in the past 4 weeks? The majority of clients in category (3) have invested in the last 4 weeks (I.e. are still in the ramp up period). The others that are in this category have one or more of the following: (i) 1% investment setting (ii) had a significant proportion of invoice discount loans repay over the last couple of months; (iii) are in the top 5% in terms of amount they have invested (E.g. £100k+). (iv) invested in the last 6 weeks.
|
|
caesium
Member of DD Central
Posts: 86
Likes: 35
|
Post by caesium on Nov 21, 2016 18:10:46 GMT
Is there a bit of a drought of new lending going through? I've not seen any new loan agreements since the 16th... and I'm at a grand total of 18% invested  (still in ramp-up, signed up around the 9th November). |
|
nush
Member of DD Central
Posts: 396
Likes: 113
|
Post by nush on Nov 21, 2016 19:19:00 GMT
nothing for me either 16th was my last loan
|
|
). 