aju
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Post by aju on Sept 5, 2018 14:04:03 GMT
Classic £11,000 Core: £2,000 Plus: £17,000
In the interests of transparency i should also state that the August net interest quoted includes my early adopter bonus of £26 (I started with Z back in 2005!)
Of course, as I have been withdrawing repayments over the last two or more years in favour of the better 6% rates on RS. I have no or minimal exposure to 2018, 2017 and 2016 loans.
No wonder you are getting 5% ashtondav , with the bonus, and lower default rate prior 2016. It's like comparing apples and oranges. Ah, but that's a benefit of being in at the initial offerings. I'm guessing from the numbers ashtondav , you are a 1%er. I am a 0.5%er so I get 50% of a leg up you get. for me though this is still not quite relevant as Mrs Aju does not have the early adopter and she's still getting a good rate in my eyes. I know everyone has different perspectives and reasons for investing in Zopa but for me 4% is still much better than the banks I was in. I recently looked at RS but quite apart from not being able to get much real info on their lending rules I felt that if I had £1000 punt and was not comfortable with this all going to a single punter, even though they seem to have a lifeline fund. Even so that all seemed like it might fall away at any moment when I would lose a £1000 rather than a tenner on the wrong loan/s ...
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benaj
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Post by benaj on Sept 5, 2018 14:09:11 GMT
aju, I think you need to talk to RS to understand better their PF. £10 loan part in RS is not good diversification, because anything less than £10 cannot be sold. The loss is actually shared across the whole platform, not the individual loans.
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aju
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Post by aju on Sept 5, 2018 14:59:18 GMT
aju , I think you need to talk to RS to understand better their PF. £10 loan part in RS is not good diversification, because anything less than £10 cannot be sold. The loss is actually shared across the whole platform, not the individual loans. I'm not sure that's the only thing I don't understand I think  . I'd love to say elaborate further but that would make it even further off topic, to say I'm also confused by their rolling product is an understatement but at 3.3% not sure who is paying for the defaults me or the borrower.
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johni
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Post by johni on Sept 6, 2018 9:23:26 GMT
So joined in 2016 by the end of last year I had 46 lenders behind with payments on non safeguarded products this had dropped to 23 at the beginning of July. Today I have 36 lenders behind on payments. It does seem like Zola are still not on top of who they lend money to. I am aware these numbers fluctuate but over the last 2 months this has risen significantly.
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Post by steamer on Sept 24, 2018 8:44:26 GMT
I started investing in 2012 and put 12k in slowly.
Looking at recent 12 month periods to Sep 2016 0% of my interest was taken out by defaults
to Sep 2017 34.6% of my interest was taken out by defaults.
to Sep 2018 69.5% of my interest was taken out by defaults
My return has dropped from 4% plus to barely 2%.
I decided not to sell up but stopped lending in 2017 and remove what lands in my holding account probably 12 months too late.
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benaj
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Post by benaj on Sept 24, 2018 9:00:17 GMT
I started investing in 2012 and put 12k in slowly.
Looking at recent 12 month periods to Sep 2016 0% of my interest was taken out by defaults
to Sep 2017 34.6% of my interest was taken out by defaults.
to Sep 2018 69.5% of my interest was taken out by defaults
My return has dropped from 4% plus to barely 2%.
I decided not to sell up but stopped lending in 2017 and remove what lands in my holding account probably 12 months too late.
, I hope you are making better return elsewhere and getting more bad debt repayment from Zopa sooner. In money withdrawing mode lending, I suppose 2% return is better than negative. When I sold my entire zopa plus back in Nov '17, my "earnings" according to Zopa summary screen kept on decreasing on a monthly basis until it stabilised 2 / 3 months ago. Now I earn a stream of real income from bad debt repayment with 0 active loans. My current "real" profit (money withdrawal minus deposit) of all time zopa plus investment is 0.11% since March'17. Hopefully, I can get up to 3% in 5-10 years with bad debt repayment. At least I have 0 capital losses, with tiny bad debt repayment, every little helps. 
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Post by nutfield on Sept 24, 2018 16:03:42 GMT
I started investing in 2012 and put 12k in slowly.
Looking at recent 12 month periods to Sep 2016 0% of my interest was taken out by defaults
to Sep 2017 34.6% of my interest was taken out by defaults.
to Sep 2018 69.5% of my interest was taken out by defaults
My return has dropped from 4% plus to barely 2%.
I decided not to sell up but stopped lending in 2017 and remove what lands in my holding account probably 12 months too late.
I am doing the same. How are Zopa managing to attract new mugs punters when better options are available?
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Post by steamer on Sept 25, 2018 7:53:46 GMT
Currently 26% is Classic and 74% Plus My Funding Circle does much better, about 6%, but that too as it has dipped this year.
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Post by newlender on Sept 25, 2018 8:22:14 GMT
I wish that the Loan Book (as opposed to the CSV file) made it easier to spot new defaults. Even when filtered to show just the defaulted loans the columns can be re-arranged in several ways but nowhere can I see how to put the newest defaults at the top. I can sort them by the date the loan was taken out, which isn't particularly helpful. Even the hex reference of each borrower can be re-arranged (anyone know why they're so long?)
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benaj
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Post by benaj on Sept 25, 2018 9:01:06 GMT
I usually sort my current loan book by default date.
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aju
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Post by aju on Sept 25, 2018 9:45:13 GMT
I wish that the Loan Book (as opposed to the CSV file) made it easier to spot new defaults. Even when filtered to show just the defaulted loans the columns can be re-arranged in several ways but nowhere can I see how to put the newest defaults at the top. I can sort them by the date the loan was taken out, which isn't particularly helpful. Even the hex reference of each borrower can be re-arranged (anyone know why they're so long?) I think the hex length is a security hash of some kind perhaps. One of the things I've had some success with is to use the text "09/2018]" in the search field since the comments field usually shows the latest default, you may get some additional strays but a sort on the status column should fix most. It's not always successful there are other things too but you are right its not the easiest. To be honest if I can't get a fix on the latest default I find it much quicker to download the current csv and use excel but that's not always an option for many people. One of the things also is that you need a wide screen to be able to see the comments in the list better. The one overriding thing is that compared to the old loanbook its a pile of  and has been since day one some 2/3 years ago now IMHO of course. edit: I like the rules change of the word I used above, it looks a lot worse now than what I said ;-)
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aju
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Post by aju on Sept 25, 2018 9:48:31 GMT
I usually sort my current loan book by default date. yeah but you can't see that field in the loanbook, can you?
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zlb
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Post by zlb on Sept 25, 2018 20:58:55 GMT
Almost exactly 33% of my earnings are lost to defaults as the total given over c15 months. 35% plus.
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Post by p2psavvy on Sept 26, 2018 13:30:28 GMT
I started investing in the Zopa Plus account with "expected earnings" of 6.4% in November 2016
I was already getting defaults by April 2017. In fact four of the earliest loans never even started to make repayments.
From July 2017 I stopped investing repayments and started to withdraw them. Of the 23 months with Zopa, seven have been losses and, currently, 68% of the interest has been wiped out by defaults. Even after the default recoveries of about £27. Five out of the last six months have been losses!
In every month there are 25-35 late payers and I now have 103 defaults out of a total of 1,240 loans (720 remaining).
My current annualised return is 3.65% and dropping each month, however, Zopa are telling me that my expected rate is 5.1%
The defaulted loans, that just I have parts in, total almost £1M. How many millions must Zopa lenders be losing?
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aju
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Post by aju on Sept 27, 2018 23:07:58 GMT
Whilst i'm getting quite a few defaults I am only in 20% Plus as a maximum in both Invest and ISA, the rest is mix of Classic and, since that closed for relending, in Core. I'm still unsure if 20% in plus is a bit on the high side but at present i'm targeting a min of 4%, annualised, return not including my early adopter add ons (0.5%).
As I always say though "Time will tell" if I have the right balance. I also ensure that outside of Classic I am investing @ £10 loans as a general rule.
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.
and has been since day one some 2/3 years ago now IMHO of course.