benaj
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Post by benaj on May 18, 2018 16:07:21 GMT
According to zopa latest weekly update,
"Over the last 4 weeks we have matched loans to give projected returns of:
5.24% in Zopa Plus
4.35% in Zopa Core"
If this is the case, why does Z advertise Plus and Core @ 4.6% / 4%? Any thoughts?
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Post by alazon on May 19, 2018 3:00:51 GMT
Left hand - right hand?
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ashtondav
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Post by ashtondav on May 19, 2018 8:43:01 GMT
Under commit, over deliver?
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benaj
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Post by benaj on May 19, 2018 12:04:23 GMT
May be we should all write our zopa stories and get them published for the £60 voucher instead.
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benaj
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Post by benaj on Jun 26, 2018 18:47:14 GMT
Then a few weeks later:
21st June update.
Over the last 4 weeks we have matched loans to give projected returns of:
4.75% in Zopa Plus
3.67% in Zopa Core
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Greenwood2
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Post by Greenwood2 on Jun 26, 2018 19:27:57 GMT
Variation in monthly lending projected return, hopefully to give total projected return.
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zlb
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Post by zlb on Jun 29, 2018 19:50:10 GMT
With sale fee, it's not looking much different to some fixed rates on offer now. Given that to get these returns without safeguard they recommend at least 18 month investment, I'm wondering what advantages are there apart from the psychology of risk? If there were a boe rise, they'd likely respond quickly to that rise, but that means one would lose more money in sales owing to effectively having to sell loan parts at discount (it's stated in the message one gets when selling).
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benaj
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Post by benaj on Jun 29, 2018 21:36:28 GMT
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aligibbs
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Post by aligibbs on Jun 30, 2018 14:14:04 GMT
I don't particularly want to pay the loan fee, so I'm just withdrawing as capital/interest is returned. Actually going quicker than I anticipated.
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zlb
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Post by zlb on Jun 30, 2018 14:35:03 GMT
I don't particularly want to pay the loan fee, so I'm just withdrawing as capital/interest is returned. Actually going quicker than I anticipated. I've had reinvesting off for over a year and still have approx 45% of original value invested/stuck. I once logged in and found money waiting in the queue of the product even with investing off. It wasn't a large amount though. This doesn't seem right to me, if different to your experience.
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aligibbs
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Post by aligibbs on Jun 30, 2018 14:48:02 GMT
I don't particularly want to pay the loan fee, so I'm just withdrawing as capital/interest is returned. Actually going quicker than I anticipated. I've had reinvesting off for over a year and still have approx 45% of original value invested/stuck. I once logged in and found money waiting in the queue of the product even with investing off. It wasn't a large amount though. This doesn't seem right to me, if different to your experience. I turned off reinvested in Feb 2018. I have withdrawn close to 20% so far
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Greenwood2
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Post by Greenwood2 on Jun 30, 2018 15:40:44 GMT
I don't particularly want to pay the loan fee, so I'm just withdrawing as capital/interest is returned. Actually going quicker than I anticipated. I've had reinvesting off for over a year and still have approx 45% of original value invested/stuck. I once logged in and found money waiting in the queue of the product even with investing off. It wasn't a large amount though. This doesn't seem right to me, if different to your experience. If all loans were 5 years and there were no early repayments, crudely I would expect about 50% back in 2.5 years, a lot of loans are shorter than 5 years and early repayments are common so I think I would be happy with 55% back in a year. I would expect it to slow down from there with some loans running to the maximum 5 years, and then some defaults continuing to pay after that.
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benaj
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Post by benaj on Jun 30, 2018 17:54:17 GMT
I've had reinvesting off for over a year and still have approx 45% of original value invested/stuck. I once logged in and found money waiting in the queue of the product even with investing off. It wasn't a large amount though. This doesn't seem right to me, if different to your experience. If all loans were 5 years and there were no early repayments, crudely I would expect about 50% back in 2.5 years, a lot of loans are shorter than 5 years and early repayments are common so I think I would be happy with 55% back in a year. I would expect it to slow down from there with some loans running to the maximum 5 years, and then some defaults continuing to pay after that. I checked my monthly statements from March '17 till Oct '17, the amount of repayment I received suggested getting 50% in the first year without selling a loan is a possibility with reinvestment turned off with the Plus. Only time will tell the amount withdrawn and returned after 3 years without selling at all. Possibly 85-90% withdrawn at the end of 3 years and stuck with late and defaults.
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zlb
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Post by zlb on Jun 30, 2018 19:26:41 GMT
Ok. Well that's reassuring that others experience similar. Thanks @greenwood and others
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