jw01
Posts: 62 
Likes: 21
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Post by jw01 on Feb 26, 2017 9:48:11 GMT
Nothing since 14 Feb and that was a 6.0% before fees.
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adrianc
Member of DD Central
Posts: 9,978
Likes: 5,131
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Post by adrianc on Feb 26, 2017 15:05:27 GMT
Nothing since 14 Feb and that was a 6.0% before fees. I've had a whole stack since then, including five at 12% I'm still not quite fully invested, though - about 82%, a month after putting a chunk in.
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Post by Deleted on Feb 26, 2017 17:18:59 GMT
Seems a strange title for an ongoing review of the site ... quite apart from the grammatical error .... doesn't do Bondmason many favours when it keeps popping to the top of the board!!
As for me I'm 2-3 months in and constantly hover between 90-100% invested and above target rate of return. Very happy!!
Just need an IFISA to launch now 😉
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bugs4me
Member of DD Central
Posts: 1,845
Likes: 1,478
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Post by bugs4me on Feb 28, 2017 16:55:48 GMT
Update 28/02/2017.Summary for 5 1/2 Business days:a) 20/02, Account opening. b) 21/02, Account funded with £1 K during the morning. (2% Auto-Invest setting). c) 24/02, circa 55% Invested. d) 28/02, 99.90% Invested. (Adjust to 1% Auto-Invest setting). e) email Julia at BM to thank her and the team for this superb and rapid investment performance. No difficulties whatever with registering and getting invested. stevefindlay , thank you, your recently revised allocations algorithm which in my instance delivers effortlessly upon your assurances, well done. Very odd. Identical amount deposited with the 2% auto-invest setting on the 10th Feb. As at today I am at 38% invested so not particularly impressed. Will wait and see if they can get close to being fully invested by day 28 but it's not looking promising.
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groon
Posts: 39
Likes: 40
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Post by groon on Feb 28, 2017 17:23:09 GMT
I started with £1,000 on 23 Jan and trickled in a further £1,500 since and suddenly today I'm 100% invested  |
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Post by dan1 on Feb 28, 2017 18:00:11 GMT
I'll add my own experience after reaching my 28 days since account opening.
31 Jan - £1k received by BM
28 Feb - 70% invested, Current Return 8.62%, XIRR of 2.5% (based on accrued interest & fees)
Until 2 days ago I was 52% invested, hence the low XIRR.
I'm not surprised given the comments here. I will be patient but I would have appreciated an automated email every week in the first weeks of investment stating my investment so far and why they're unable to meet their own 7-28 days invested statement.
If anything, it will delay future investment from me but I guess this is in BM's favour - there's no point having an influx of funds that they can't deploy (think Landbay).
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bugs4me
Member of DD Central
Posts: 1,845
Likes: 1,478
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Post by bugs4me on Feb 28, 2017 19:58:55 GMT
Our experiences in allocations differ, there's no pattern either, no rhyme nor reason. I feel sad now that you're not all able to see your loan page fill as mine has, I'm genuinely sorry and wish I hadn't posted because we all joined BondMason to share in the success of this excellent niche Portal. Steve has written here that he is working hard to increase the deal flow whilst expressing the desire not to compromise on quality, it's a tough ask but he strikes me as the kinda guy that wants the best he can for us his "Clients" and his Company, I doubt he'll rest until he gives everyone the best he can; I for one need a well diversified, well run place like this to Care for a good chunk of my personal wealth. Perhaps Steve has found himself staggered by the desire on our parts to be part of what he does, it's human nature to want to be where success IS that's a fair expression an honest overview. Let's wish him the best in what he is trying to do for us, I mean that because it's the place we've all chosen to meet up and be involved. All the best. No need to feel sad, that's how things work out and I'd prefer to be with a well managed platform rather than one that offers lenders loans simply for the sake of top line growth. We all know how things tend to pan out in those eventualities. The forum is littered with examples of lenders being promised the earth, moon and stars and they finish up with a pile of ***t!!! If the deal flow does not work out for me at BondMason then I'll either just withdraw until the platform is further down the road and reinvest at a later date or leave the £1,000 there. Currently I'm well invested with other platforms although a couple I'm running down so it's really about diversification in my case. Provided BM continue to put quality before reckless expansion then they deserve to succeed. So irrespective as to how things work out (for me) I certainly wish them every success.
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Post by hartshay on Feb 28, 2017 20:43:18 GMT
I put 5 k in around Christmas time and have just been informed I am fully invested after being stuck at around 80% for about a month. I am going to see if it remains around 100% for a couple of months and perhaps put a bit more in....
Reasonably happy so far ... hoping default rates stay low and recoveries high!
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Post by stevefindlay on Feb 28, 2017 22:41:06 GMT
Please excuse any lumpiness and variations in your personal experiences of loan allocation rates. We do try and balance:
(1) Loan quality
(2) Fairness across Clients
(3) Loan deployment speed
We are continuing to build new relationships with some very good loan and providers, whilst continuing to see record inflows from clients. So whilst we may look like a duck slowly gliding across the water, our little legs are paddling very hard!
Our focus will always be on (1) preserving client capital though and (2)enabling you to get a good return. In that order.
Please bear with us, and I am sorry to any clients who may be on the other side of the 28 day allocation average.
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brad
Posts: 16
Likes: 7
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Post by brad on Mar 2, 2017 12:15:39 GMT
I decided to give BondMason a go, with funds withdrawn from another platform.
I deposited £1k last night and within an hour or so it has been fully filled with 50 loans.
I have noticed a fair percentage was with 1 or 2 month Invoice Discounting loans.
However, i am not complaining and therefore on first impressions it's a Yes from me.
Another chunk will probably deposited tonight to see how that pans out.
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Post by dan1 on Mar 2, 2017 12:36:29 GMT
I decided to give BondMason a go, with funds withdrawn from another platform. I deposited £1k last night and within an hour or so it has been fully filled with 50 loans. I have noticed a fair percentage was with 1 or 2 month Invoice Discounting loans. However, i am not complaining and therefore on first impressions it's a Yes from me. Another chunk will probably deposited tonight to see how that pans out. Thanks brad. I decided to check my own progress following your post and no change, I'm stuck at 70% invested after >28 days with my XIRR at 2.4%. What I find most frustrating is the lack of communication and our experiences appear to be random. It's almost tempting to liquidate and start again.
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keystone
Member of DD Central
Posts: 718
Likes: 587
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Post by keystone on Mar 2, 2017 13:06:27 GMT
I decided to give BondMason a go, with funds withdrawn from another platform. I deposited £1k last night and within an hour or so it has been fully filled with 50 loans.I have noticed a fair percentage was with 1 or 2 month Invoice Discounting loans. However, i am not complaining and therefore on first impressions it's a Yes from me. Another chunk will probably deposited tonight to see how that pans out. Wow!, it took 7 weeks for my initial £1k deposit to be invested at above 90% and another 3 weeks before it hit 100% before dropping back down to 90% a couple of days later. It seems like its a random investment allocation policy.
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Post by stevefindlay on Mar 2, 2017 17:01:31 GMT
keystone - the allocation is random, but meant to be fair. It looks as though brad has benefited from a very unlikely corner-case scenario - which has now been catered-for in the algorithm. dan1 - I'm sorry that you feel our communication is poor. This isn't something that is normal a problem - have you tried to contact us and not had a response in a timely fashion?
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brad
Posts: 16
Likes: 7
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Post by brad on Mar 2, 2017 17:36:36 GMT
So i have deposited another £2k.
I may change the % rate/loan to 1%, not yet decided.
Be interesting to see what develops tomorrow.
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kk
New Member
Posts: 1
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Post by kk on Mar 2, 2017 19:08:50 GMT
Update 28/02/2017.Summary for 5 1/2 Business days:a) 20/02, Account opening. b) 21/02, Account funded with £1 K during the morning. (2% Auto-Invest setting). c) 24/02, circa 55% Invested. d) 28/02, 99.90% Invested. (Adjust to 1% Auto-Invest setting). Very odd... Hello. I thought I'd share my experience as I find this very odd too given my very close timing with magenta: a) 18/02, Account opening b) 20/02, £1k received in account during the morning, 2% auto-invest setting c) 24/02, 8% invested d) 27/02, 22% invested e) Stuck at 22% since
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