aju
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Post by aju on Jan 27, 2018 0:38:29 GMT
One thing I have noticed in my PreSafeguards is that there is very high proportion of defaults now, and by definition they are slower to clear if at all. Most of them had high rates on them as well so when it shows return rate its clearly skewed even though the actual return is much lower than I am getting in that product. Some are still paying small amount many are not paying anything. They are defaults after all.
I wonder is that why its reporting higher numbers perhaps.
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Post by wyndstryke on Jan 27, 2018 8:33:30 GMT
Pre-safeguard was a long time ago, given the average duration of a loan. Presumably the good ones have already repaid everything, or are now very close to it, and the residual loans are the ones where they are paying a partial sum or nothing. If you've ever cashed in any, that would also have filtered out more of the good ones.
I'm down to non-defaulted capital of £2.78 in pre-safeguard now ... (including defaults that would be £13.24, so 80% are defaults). I'm ignoring interest.
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Post by misterp2p on Jan 27, 2018 9:50:10 GMT
So glad I completely sold out of Zopa . Made a return of about 2.5% over 18/12..  |
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aju
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Post by aju on Jan 27, 2018 13:26:59 GMT
Pre-safeguard was a long time ago, given the average duration of a loan. Presumably the good ones have already repaid everything, or are now very close to it, and the residual loans are the ones where they are paying a partial sum or nothing. If you've ever cashed in any, that would also have filtered out more of the good ones. I'm down to non-defaulted capital of £2.78 in pre-safeguard now ... (including defaults that would be £13.24, so 80% are defaults). I'm ignoring interest. Yeah but to be honest I'm still getting trickle of recovered capital in PSG and some interest but very slow..... I'm down to about £8 of non defaulted myself but my defaulted outstanding sum is £126 about half are still making small payments. Thats half what it could have been when the defaults started way back when!.
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adrian77
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Post by adrian77 on Jan 31, 2018 13:56:22 GMT
I am now down £123 on £6.5K for January alone - pathetic!
I just don't see how my and results such as above square with the Zopa projections
as it means other people will be getting over 10% returns...
I also don't buy Zopa's statement about the selling times for loans which again seems to be with the fairies. I would guess the reason selling loans is nowhere near 20 days (more like 3 months in my experience!) is that most people are doing what I am doing viz all interest is paid to my holding account and withdrawn on a daily basis.
I wish I had never heard of this outfit
36,5K
3123
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benaj
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Post by benaj on Jan 31, 2018 14:24:32 GMT
I am now down £123 on £6.5K for January alone - pathetic! I just don't see how my and results such as above square with the Zopa projections as it means other people will be getting over 10% returns... I also don't buy Zopa's statement about the selling times for loans which again seems to be with the fairies. I would guess the reason selling loans is nowhere near 20 days (more like 3 months in my experience!) is that most people are doing what I am doing viz all interest is paid to my holding account and withdrawn on a daily basis. I wish I had never heard of this outfit At the moment, Zopa is telling me I am "earning" 17.1% at the projected return of 7.1% of my remaining 2.13% portfolio in the plus, monthly statement tells me a very different story. May be that's the reason why the Zopa team telling potential investors about their amazing double digits return.
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Post by portlandbill on Feb 1, 2018 9:32:59 GMT
I am now down £123 on £6.5K for January alone - pathetic! I just don't see how my and results such as above square with the Zopa projections as it means other people will be getting over 10% returns... I also don't buy Zopa's statement about the selling times for loans which again seems to be with the fairies. I would guess the reason selling loans is nowhere near 20 days (more like 3 months in my experience!) is that most people are doing what I am doing viz all interest is paid to my holding account and withdrawn on a daily basis. I wish I had never heard of this outfit At the moment, Zopa is telling me I am "earning" 17.1% at the projected return of 7.1% of my remaining 2.13% portfolio in the plus, monthly statement tells me a very different story. No doubt because, like mine, 90% of your plus loans are in default?
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aju
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Post by aju on Feb 1, 2018 10:08:19 GMT
Does zopa know your issues?
What is their slant/response?
Perhaps there are some errors in reporting online
Will be very interesting to get their take on this.
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aju
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Post by aju on Feb 1, 2018 10:19:24 GMT
So glad I completely sold out of Zopa . Made a return of about 2.5% over 18/12.. Is that smiley because you know that to get the headline %age you have to see the product to the end of the term. But that means more chance of defaults hitting the investment.
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r00lish67
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Post by r00lish67 on Feb 1, 2018 10:20:10 GMT
I have similar totally appalling performance. A full third of the E's and D's of my small Z+ portfolio have defaulted, and this tax year alone Zopa advise that I have made a 6% loss overall.
I accepted long ago that I've just hit the bad end of returns, but what I don't get is that my loans are continuing to default month after month. How can I continue to be this 'unlucky', whilst others seem to be doing sparklingly well?
With 'only' 2 more loans in collections to default (both D's funnily enough) , I'm finally going to pull the plug on this sorry investment and pay my 1% for doing so.
Re: what Zopa said, I asked them last Summer and they gave me a fairly detailed response about the variability of returns and a basic encouragement to stick in there because returns are likely to improve after the bad eggs have defaulted in months 6-12.
Well, I waited, and I really wish I hadn't.
Worst. Investment. Ever.
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cb25
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Post by cb25 on Feb 1, 2018 10:39:37 GMT
I've been in Zopa since Sept 2016. Following gives my monthly loss incurred as % of earnings
2017
Month %loss
Jan 11.4
Feb 8.7
Mar 17.0
Apr 0.6
May 42.0
Jun 40.5
Jul 28.4
Aug 49.8
Sep 63.0
Oct 76.6
Nov 84.1
Dec 62.3
2018
Month %loss
Jan 78.8
Can see a marked increase in May 2017, approx 8 months after I joined.
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benaj
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Post by benaj on Feb 1, 2018 14:26:52 GMT
No doubt because, like mine, 90% of your plus loans are in default? Right now, Zopa tells me I am "earning" at 15.9% and the projected return is 7.4%. I started the plus at the end of March '17. According to my all time loan book, out of my 1107 loans, I have 20 loans in default after I start selling in nov '17. I have sold 98.09% holding in Zopa plus and left with 1.91% being sold @ snail pace.
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benaj
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Post by benaj on Feb 1, 2018 14:35:29 GMT
I've been in Zopa since Sept 2016. Following gives my monthly loss incurred as % of earnings 2017
Month %loss
Jan 11.4
Feb 8.7
Mar 17.0
Apr 0.6
May 42.0
Jun 40.5
Jul 28.4
Aug 49.8
Sep 63.0
Oct 76.6
Nov 84.1
Dec 62.3
2018
Month %loss
Jan 78.8Can see a marked increase in May 2017, approx 8 months after I joined. I currently have 13 live loans, earning for January 18 before selling fees is 0.07% of the value of my remaining holding in Zopa plus.
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adrian77
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Post by adrian77 on Feb 3, 2018 18:06:52 GMT
They sure do - will confirm the figures they gave me with them but it just looks shocking to me whatever way you slice it.
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Post by Deleted on Feb 5, 2018 20:46:36 GMT
ISA Core returns not looking too clever for January ...  (click on image above) 4 defaults, negative interest - and this is the new ISA Core !
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