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Post by steve1951 on Feb 23, 2017 20:41:29 GMT
Hello I was wondering how much some people have invested in zopa.Do some people have £100-200-300K Invested and what sort of bad debt have they expierenced?
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Post by GSV3MIaC on Feb 23, 2017 21:03:30 GMT
On every P2P site I have been able to check, the Pareto principle applies quite nicely (80% of the funds from 20% of the investors. 80% of that 80% comes from 20% of the 20%, and so on). Whether any of the BHs (Big Hitters) want to put their hands up and give you data I rather doubt, but given the number of loans they'd be sliced across, I imagine it is safe to assume their losses are pretty much identical to the overall ZOPA loan book for whatever product they are invested in.
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pip
Posts: 542 
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Post by pip on Feb 23, 2017 22:41:29 GMT
Hello I was wondering how much some people have invested in zopa.Do some people have £100-200-300K Invested and what sort of bad debt have they expierenced?
For what it's worth I invest about 30% of my cash in P2P across a range of companies, generally more in the larger ones than the smaller ones. Some I am upping my money as I think they offer good returns, some I'm reducing. I wouldn't suggest having more than 5-10% in any one p2p company of your cash is a good idea, but it depends on how much risk you are willing in your life.
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aju
Member of DD Central
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Post by aju on Feb 25, 2017 9:41:22 GMT
I'm not a big hitter < 30000 between me and OH in P2P. But this is my spread. I think I'm quite a safe person having been retired for nearly 10 years now. Most of my funds are in Current accounts and ISA's (just gone down recently from 1.5%). I a look a bit over weighted in shares but I'm in them for the Divis and I was fortunate to get a lot of them at a very good employee discounts at the time.
Instant access
44% Cash (current accounts interest)
16% ISA's
Delayed access
15% P2P ( 10% in Plus, 1% left in PreSafeguard 89% in Classic)
25% Shares
I've stuck to Zopa, have been since late 2006. I dipped in with small sums in the early days then ramped up when I retired as I became more confident with the manual systems (I liked it and in them days it was deemed unfair to have auto systems). Brought my other half into the fold when we had larger sums and our tax issues got a bit more complicated, especially when pensions became receivable)
I agree with people who say that P2P is not a quick fix and it can be easy to get too confident too early. I'm struggling of late with Zopa's changes and trying to keep a handle on things usng speadsheets is more challenging but I guess the fun has to come in somewhere.
Our profits in both our accounts are on healthy side and even with the low rates during these times they are beating the main banks hands down for me. Bad debt is an issue but its very early days for Plus I feel and agree with others that it needs more than a year at this.
Not a big hitter as i say but working for me none the less.
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aju
Member of DD Central
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Post by aju on Feb 25, 2017 10:14:26 GMT
On every P2P site I have been able to check, the Pareto principle applies quite nicely (80% of the funds from 20% of the investors. 80% of that 80% comes from 20% of the 20%, and so on). Whether any of the BHs (Big Hitters) want to put their hands up and give you data I rather doubt, but given the number of loans they'd be sliced across, I imagine it is safe to assume their losses are pretty much identical to the overall ZOPA loan book for whatever product they are invested in. Its a while since I heard Pareto mentioned, I remember it with some fondness ;-) I'm sure you are right and I guess it's a bit like the footsie 100, changes to the biggest companies affect the footsie more than the smaller ones.
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nrw
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Post by nrw on Mar 4, 2017 22:33:30 GMT
I have £75k on Zopa + (mostly deployed around the time it launched), and my stats look like this:
Non-Safeguard loans
£77,940.09
Diversified across 1795 loans
Missed payments
£122.45
44 borrowers (2.5%) have missed repayments for non-Safeguard loans.
February was also a negative return month, due to some large bad debts. I'll happily share any other data if useful.
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Post by newlender on Mar 5, 2017 19:03:56 GMT
It would be interesting to hear how many actual defaults you've had and how much you've lost on that sum of money. Missed payments aren't the same as defaults and most of mine do end up catching up with their payments with a debit card. I've lost £90 (defaulted) on a £10k portfolio of Z+ loans over the last year. Don't you worry about having that much money so exposed? Do you use the other products too in order to get a measure of protection?
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