aju
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Post by aju on Jun 4, 2019 8:26:40 GMT
I now have access but am still trying to understand it. According to this month my isa account is already touting 3 new defaults when i went into it yesterday. The defaults have been ramping up as well last month was worst so far where the defaults wiped out almost 80% of the returns.
The new stats screen does look better than most people reporting here though. In our accounts we each have 4 reports. Not sure its showing classic accounts though.
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Post by optymystic on Jun 4, 2019 8:38:09 GMT
Not sure its showing classic accounts though. Presumably not showing legacy accounts
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aju
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Post by aju on Jun 4, 2019 8:48:47 GMT
Not sure its showing classic accounts though. Presumably not showing legacy accounts I think you are right I noticed it stated they were using a 12 month window too but as I say I have not analysed it fully yet there is a lot of info behind the links in the screens to take on board and it was late last night I frst noted it was available. For me it would be more helpful if it also joined it all together for a total investment view as well as we rather use it as a single investment than a more detailed individual view. I noted above the defaults on our accounts are getting more prevalent. We have smaller plus exposure but large core and classic exposures. Our ISA cores are already very close to 4 figure default levels. By the same token more money is starting to be recovered albeit still very low numbers there though.
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Post by fuzzyiceberg on Jun 5, 2019 10:31:45 GMT
I too now have this. Typically for Zopa it is all but useless. What does a pseudo cash flow graph of interest less defaults tell you that you cant get from statements? The only 'new' piece of data is the annualised average return - and as a single figure only relating to the previous 12 months this is not much use either. What is needed is a graph of actual monthly returns compared to target, CPI, and some 'average' cash BS account.
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Greenwood2
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Post by Greenwood2 on Jun 5, 2019 12:13:39 GMT
I too now have this. Typically for Zopa it is all but useless. What does a pseudo cash flow graph of interest less defaults tell you that you cant get from statements? The only 'new' piece of data is the annualised average return - and as a single figure only relating to the previous 12 months this is not much use either. What is needed is a graph of actual monthly returns compared to target, CPI, and some 'average' cash BS account. It says it's for a minimum of 12 months. Presumably for the same period as the graph. Edit: I would like to see the NAR plotted against time.
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benaj
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Post by benaj on Jun 8, 2019 11:05:01 GMT
This is for reference only. After selling out my entire plus portfolio back in Nov 2017, today I have made £1k real profit (withdrawal minus depost) on Zopa thanks to its recovery. This is less than 1% XIRR but performance data reporting 2.78% NAR This Zopa's NAR does not include bonus nor sale fees, not really useful for those running down the account.  |
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zlb
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Post by zlb on Jun 8, 2019 11:31:12 GMT
This is for reference only. After selling out my entire plus portfolio back in Nov 2017, today I have made £1k real profit (withdrawal minus depost) on Zopa thanks to its recovery. This is less than 1% XIRR but performance data reporting 2.78% NAR This Zopa's NAR does not include bonus nor sale fees, not really useful for those running down the account. So this 1K has accrued from recoveries since your 2017 sale; and that recovery of 1k over ~18months represents 1% XIRR of what you originally had invested but sold in Nov17?
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benaj
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Post by benaj on Jun 8, 2019 11:50:42 GMT
Without Zopa recovery and lump sum purchase from Cabot, I won't be able to break even. The real issue is actually tax return. Showing profit in 1st tax year before claiming tax relief after all the loans defaulted in the tax year later.
I thought I could make profit at the time I decided to sell, but most late loans defaulted before I could unload the unloved loans.
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Post by erniec on Jun 8, 2019 12:18:49 GMT
Does anyone have any thoughts on why Zopa performance seems so variable? As lenders with only Zopa Plus, I would expect both my wife and I to be at the lower end of returns but that is not our experience:  |
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Post by erniec on Jun 8, 2019 12:19:19 GMT
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Post by erniec on Jun 8, 2019 12:19:44 GMT
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Post by erniec on Jun 8, 2019 12:20:06 GMT
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benaj
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Post by benaj on Jun 8, 2019 12:24:25 GMT
erniec , I think the black box system can't guarantee a "fixed" return. I have similar experience with my FC accounts. Some do better, some do worse. The good news on your account, in the expected range right? probably expert the plus which started in early 2017, the heading rate was 6.5% at the time.
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Greenwood2
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Post by Greenwood2 on Jun 8, 2019 12:50:24 GMT
Does anyone have any thoughts on why Zopa performance seems so variable? As lenders with only Zopa Plus, I would expect both my wife and I to be at the lower end of returns but that is not our experience: Why would you expect to be at the lower end of the returns? Plus has a higher target rate and my plus rates are (as expected) higher than core although not by as much as the target rates would suggest. If you have big loan chunks Zopa plus can be heavily influenced by defaults of the higher risk borrowers, I accidentally got some big chunks when I first started with plus and these still come back to haunt me with an occasional big default that can wipe out a months interest, probably core is less volatile.
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Post by Ace on Jun 8, 2019 19:39:06 GMT
erniec's Plus returns are lower than Core in both cases. Looks like all 4 graphs are for plus accounts.
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