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Post by stevefindlay on Mar 8, 2017 10:27:37 GMT
Need to be careful as to how these 'mock ups' are interpreted. There will need to be some significant changes to them - not least the way the axes are labelled. I think the words 'projected annual' or something like it would need to be added liberally  Yes indeed, although these charts provide a very good insight as to how the product is expected to perform (and thereby improve the marketing potential !), the downside is that any lack of actual realisation of such performance will very soon lead to many more questions. But at the moment there is really no yardstick to see how well your investment is progressing over time. The inclusion of a personalised chart in all the personal summary dashboards would be far more meaningful than the information currently supplied, where the headline rate emblazoned at the top is rather meaningless to most people, especially when it appears to be offering more than they are currently really seeing from their actual cash returns. In general most people are not really interested in the reams of data provided in the allocation list or even their allocation rate. All that matters is how quickly their accumulated daily returns grow and they really want to see that on the summary page, rather than having to calculate it themselves.
We have starting work on coding these for each user. The benefit of these charts is that it brings together the relevant data and analysis that you see (and will be able to see) day to day across your dashboard: headline rate, deployment, fees etc - to give you the achieved net return in a graphical format.
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teddy
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Post by teddy on Mar 10, 2017 14:59:52 GMT
12 days since deposit, and only £120 of my £1k deposit has been lent out. Very unimpressed so far.  |
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sb
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Post by sb on Mar 12, 2017 13:44:21 GMT
12 days since deposit, and only £120 of my £1k deposit has been lent out. Very unimpressed so far. I am 17% after 14 days.
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adrianc
Member of DD Central
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Likes: 5,139
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Post by adrianc on Mar 12, 2017 15:53:43 GMT
There's clearly something a bit uneven-handed with the allocation algorithm - my mother's account is 99%+ invested after ten days (eight, because the last investments are dated Friday), with an XIRR already knocking on 6%...
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teddy
Posts: 214
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Post by teddy on Mar 13, 2017 15:06:41 GMT
Have withdrawn my remaining unused balance. Utterly pointless exercise having the best part of £1k sitting doing nothing.
Site not at all recommended. D-
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Post by sayyestocress on Mar 13, 2017 15:35:29 GMT
Have withdrawn my remaining unused balance. Utterly pointless exercise having the best part of £1k sitting doing nothing. Site not at all recommended. D- I think that's a bit harsh when BM say the target return is based on a year's worth of investment and you gave it ~2 weeks. Whilst you are sightly behind the example curves Steve provided on the previous page of this topic, allocations often come in flurries in the early days of investment. You didn't even give it them the 30 day target to full investment. You didn't give them a fair trial to reach such a strong conclusion IMO.
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Post by stevefindlay on Mar 14, 2017 19:57:42 GMT
Have withdrawn my remaining unused balance. Utterly pointless exercise having the best part of £1k sitting doing nothing. Site not at all recommended. D- Whilst we would have liked you to have maintained your trial for a bit longer, thank you for giving us a go and we take on board your feedback: - we need to do better at setting expectations around the first few weeks and months with BondMason, clearly there's an expectation that we can effortlessly source 50-100 different loans immediately and maintain high quality (and this isn't common); - We need to highlight that the 7% target really applies for holding periods of 3-6 months+, there seems to be an expectation that because we aim to provide liquidity within 48 hours that we are offering an instant access 7% deposit account (that would be nice!): and - We need to do better at deployment (which are aware of and continue to work on). Thanks
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sb
Posts: 166
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Post by sb on Mar 15, 2017 8:25:53 GMT
Have withdrawn my remaining unused balance. Utterly pointless exercise having the best part of £1k sitting doing nothing. Site not at all recommended. D- - we need to do better at setting expectations around the first few weeks and months with BondMason, clearly there's an expectation that we can effortlessly source 50-100 different loans immediately and maintain high quality (and this isn't common); How long realistically should it take to be 95% deployed currently? Based on my experience after 2 weeks my best guess is 3 months.
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Post by portlandbill on Mar 15, 2017 13:27:37 GMT
I deposited cash in January and within 2 weeks 100% was invested and hasn't dropped below 95% since.
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Post by stevefindlay on Mar 15, 2017 15:54:24 GMT
- we need to do better at setting expectations around the first few weeks and months with BondMason, clearly there's an expectation that we can effortlessly source 50-100 different loans immediately and maintain high quality (and this isn't common); How long realistically should it take to be 95% deployed currently? Based on my experience after 2 weeks my best guess is 3 months. 4 weeks in total to get to 100%, looking at the current pipeline and given you are 2 weeks in.
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stevio
Member of DD Central
Posts: 2,065
Likes: 894
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Post by stevio on Mar 15, 2017 19:35:28 GMT
How long realistically should it take to be 95% deployed currently? Based on my experience after 2 weeks my best guess is 3 months. 4 weeks in total to get to 100%, looking at the current pipeline and given you are 2 weeks in. If you only have sufficient loans that it takes a month to get fully invested for your current lending base, how will that lag time not increase as you have more lenders? Or will you lower your loan selection criteria as demand increases?
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Post by stevefindlay on Mar 15, 2017 19:52:20 GMT
4 weeks in total to get to 100%, looking at the current pipeline and given you are 2 weeks in. If you only have sufficient loans that it takes a month to get fully invested for your current lending base, how will that lag time not increase as you have more lenders? Or will you lower your loan selection criteria as demand increases? - we're still waiting for an apology for your offensive comments on this thread: p2pindependentforum.com/thread/8137/transparencyWe all have bad days (or make comments we may regret), but there's no harm holding your hand up when you do, and that will be that. Once that apology comes through, I'll be happy to address any questions you may have. Until then, not interested. Thanks.
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Post by Deleted on Mar 15, 2017 19:58:32 GMT
Weekly jobs list for stevefindlay1. Run Bondmason 2. Fend off stevio picking fault with Bondmason ..... and repeat!! |
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stevio
Member of DD Central
Posts: 2,065
Likes: 894
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Post by stevio on Mar 15, 2017 20:19:52 GMT
If you only have sufficient loans that it takes a month to get fully invested for your current lending base, how will that lag time not increase as you have more lenders? Or will you lower your loan selection criteria as demand increases? - we're still waiting for an apology for your offensive comments on this thread: p2pindependentforum.com/thread/8137/transparencyWe all have bad days (or make comments we may regret), but there's no harm holding your hand up when you do, and that will be that. Once that apology comes through, I'll be happy to address any questions you may have. Until then, not interested. Thanks. Good excuse to not answer the difficult questions.......
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sb
Posts: 166
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Post by sb on Mar 15, 2017 22:01:41 GMT
How long realistically should it take to be 95% deployed currently? Based on my experience after 2 weeks my best guess is 3 months. 4 weeks in total to get to 100%, looking at the current pipeline and given you are 2 weeks in. Thank you for info. I will then continue my test of Bondmason. I hope my slow deployment is a result of a technical glitch. Otherwise 4 weeks deployment would require the stream of new loans to jump from 5 per week to 20 per week. Not a very realistic scenario.
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