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Post by bobthebuilder on Mar 31, 2017 13:59:24 GMT
Just noticed that the QAA target rate displayed on the dashboard appears to have risen from 3.75% to 3.90%, although the text behind the 'Show More' link hasn't been updated and says the rate is capped at 3.75%. Does anyone know if this is genuine - it's too early to be an April Fool's joke
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Post by bobthebuilder on Mar 22, 2017 12:43:57 GMT
Perhaps the influx of new lenders explains why it took nearly a week for my funds to get reinvested after my initial deposit rolled over. It doesn't worry me too much as far as my opening £1000 is concerned, because the £100 cashback guarantees me a decent return anyway - as long as their provision fund holds up - but the cash drag on rollovers certainly doesn't encourage me to add further funds.
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Post by bobthebuilder on Mar 17, 2017 12:02:35 GMT
BM's explanation can be found in their FAQs hereIs my investment …..regulated by the FCA? "BondMason is not regulated by the FCA, however we have an application pending with the FCA for certain additional permissions." This was also covered in an early thread on the BM board on this forum: p2pindependentforum.com/thread/6081/bondmason-company-health
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Post by bobthebuilder on Mar 12, 2017 17:11:27 GMT
Did this get fixed? I don't think there has been any change on my account. Or did it not affect everyone? Yes, it was definitely fixed. I spotted the bug shortly after it occurred and was intending to raise the issue with BM by e-mail later in the day when I had more time. Before I had a chance to do so, Steve posted in this thread that he was aware of the problem and I can confirm that, from my point of view at least, all the figures on the summary screen are now as I would expect them to be.
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Post by bobthebuilder on Mar 12, 2017 16:30:15 GMT
This is vastly different to the more general bot scenarios, eg where people write scripts to automate their bidding on a marketplace. I'm not sure that it IS "vastly different". In both cases the motive is to acquire a scarce commodity for personal financial gain.
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Post by bobthebuilder on Mar 7, 2017 12:42:23 GMT
We may try and release this chart (or parts of it) in real time on your own dashboard. Let me know if that may be of interest and we can prioritise in the new feature list. I think it could provide a good level of additional insight / transparency." This would certainly be of interest if it were tailored to each account holder's investment history, although I'm not sure how it would work when there are multiple deposits, the later ones encouraged by a "you are 100% invested" message. Does the XIRR take account of the fact that a lot of loan allocations are in very short term loans, and on redemption the proceeds need to be reinvested?
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Post by bobthebuilder on Feb 23, 2017 22:12:06 GMT
Now down to £249.7k, and all from a single lender. Clearly institutional with that sort of amount, but why accept 5.3% when 6.0% or 6.1% has been attainable within the past 24 hours?
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Post by bobthebuilder on Feb 22, 2017 5:53:01 GMT
Should be there now. Rolling market loans are normally repaid between 12.30 and 1.00 a.m. Tuesdays-Fridays. Rather later during the night on Mondays due to higher processing volumes.
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Post by bobthebuilder on Feb 15, 2017 3:32:05 GMT
Who's trying to get their post count up?
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Post by bobthebuilder on Feb 11, 2017 9:37:27 GMT
I think BM's website must be considered misleading here. Every one of my loans, repaid and current, has shown a bullet repayment profile, but so far I have received multiple capital repayments on seven loans (just over 10% of the total number of loans) on a range of dates - in some cases weeks apart - which is hardly consistent with a bullet loan.
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Post by bobthebuilder on Feb 3, 2017 9:18:31 GMT
Couldn't agree more. The lack of this option is one of the main reasons I haven't added to my investment in BM in months. As things stand I'd either have to stick to 2% diversification, which I don't want to do because loan sizes are getting larger than I'm comfortable with, or I'm obliged to move to 1% diversification which would result in even greater cash drag than I've experienced already. What %age would your "specific amount" work out to? At the moment (with 97% invested and loan parts up to £250 being bought - the maximum I'm happy with), I'd need a diversification ratio of 1.6% to maintain an investment amount per loan of £250 if I were to give a further £3000 to BM, and at that rate it would take roughly 13 loans at £250 to become fully invested. If I could specify £250 as my maximum investment per loan, I could add £1000 instead of £3000, be fully invested after 5 new loans and could then add further £1000 tranches to acquire 4 new loans each time, thereby minimising cash drag. Under the present set-up if I deposit a further £3000 with a diversification ratio of 2%, I end up with loan parts of £310 (more than I want) or I switch to 1%, reducing my maximum investment to £160 per loan and requiring roughly 21 loans to become fully invested.
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Post by bobthebuilder on Feb 3, 2017 8:43:21 GMT
JamesGrowthStreet Is lending on Growth Street secured, and if so, on what types of asset typically? We've all seen the effects on Ratesetter's provision fund coverage ratio following its ill advised foray into unsecured lending to SMEs, and as a result I'd be wary of lending purely on the basis of a provision fund safety net when I have no say in whom I'm lending to. Also, is the claimed 300% loss coverage ratio in respect of both interest and capital, or only capital?
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Assetz Capital (AC)
GBBA
Feb 3, 2017 8:14:19 GMT
Post by bobthebuilder on Feb 3, 2017 8:14:19 GMT
Yep. Huge amounts invested both on Wednesday and yesterday. My invested sum now is 168% higher than it was at close of business on 31/1. Bit concerned at the lack of diversification shown by some investments though.
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Post by bobthebuilder on Feb 2, 2017 5:14:57 GMT
Please keep things as they are. As someone with less than nimble fingers I was initially worried that I wouldn't get a look-in during a FFF free for all at 4.00 p.m., but on almost every loan it's been easy to pick up the amount I wanted. The secondary market I've found tricky around 4.00 p.m. (that's when fast fingers really do help), but I've managed to grab positions on the SM at various other times of the day or night, building up a £10K portfolio of loans in just three weeks in primary and secondary markets combined, so there's no reason why not being near a computer at 4.00 p.m. should be an insurmountable obstacle to acquiring loan parts.
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Post by bobthebuilder on Feb 2, 2017 4:37:01 GMT
However the 0.5% will only help in while he has a specific amount on the platform. If he wants to maintain a £100 investment across all loans a £20K deposit is required and then nothing else. I think the solution is to allow the settings to allow a specific amount per loan rather then a %. This has been asked for multiple times by multiple people. I think it's time the option was given... Couldn't agree more. The lack of this option is one of the main reasons I haven't added to my investment in BM in months. As things stand I'd either have to stick to 2% diversification, which I don't want to do because loan sizes are getting larger than I'm comfortable with, or I'm obliged to move to 1% diversification which would result in even greater cash drag than I've experienced already.
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