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Post by kcrane on May 4, 2019 22:01:12 GMT
![]() ![]() I wouldnt call it investing as cant access the last money locked in so expect it to go negative in due course...... Where is the graph from?
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Greenwood2
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Post by Greenwood2 on May 5, 2019 5:56:28 GMT
![]() ![]() I wouldnt call it investing as cant access the last money locked in so expect it to go negative in due course...... Where is the graph from? See the 'New Performance Data Beta' thread.
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Post by kcrane on May 5, 2019 20:31:59 GMT
See the 'New Performance Data Beta' thread. Ta
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ashtondav
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Post by ashtondav on May 6, 2019 10:07:17 GMT
For me I am now consistently getting defaults above interest payments. To me this is totally unsustainable and I am pulling out of Zopa as fast as I can. That may be but you are either unlucky or there are many ZOPA fools out there. ZOPA lent 10% more in april than in april 2018, lending over £100M that month. I too am withdrawing but i just cant reconcile these figures - some people must be making some money in ZOPA!
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Post by Deleted on May 6, 2019 12:24:16 GMT
Returns are not smooth in Zopa. Zopa states 50% of the defaults occur in months 5-16 so the first 2 years' returns are likely to be quite volatile, depending on the amount invested and the size of the loan chunks. None of this was visible when all loans were covered by Safeguard.
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Post by steamer on May 8, 2019 10:16:19 GMT
"Returns are not smooth in Zopa. Zopa states 50% of the defaults occur in months 5-16 so the first 2 years' returns are likely to be quite volatile, depending on the amount invested and the size of the loan chunks. None of this was visible when all loans were covered by Safeguard. "
Well I have been in Zopa since 2012. I had over 12K invested. My returns took a downturn in 2017 because Plus was a disaster so I stopped investing Jan 2018 since when I have been taking out all the cash in my Holding account.
In the last 12 months my return has been
Losses 551 Recoveries 98 Interest 462 The only reason I am in the positive is the sale of Defaults in Nov 2018 brought in 77 pounds.
As far as I am concerned their vetting strategy in 2016/17 was poor and were it not for the fact that 35% of my outstanding loans are in classic I would be loosing money at a rate that destroys my returns looked at over the last 7 years as my net earning has only changed by a few pounds since Feb 18.
I have now extracted almost 2/3 of my capital and for the first 4 months of 2019 my interest is only 60% of the value of defaults.
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Post by Deleted on May 8, 2019 18:06:01 GMT
oooo lucky me, I got this message today after a month of negative returns "It looks like you've had some defaults last month. Don't worry, we expect your investment to experience these and factor them into our target returns.
- I had negative earnings on my investment last month. Should I be worried?"The impressive bit is, my blend is 66% Classic, 33% Plus. So those Plus losses didnt just wipe out their own interest, they also wiped out the interest from the Classic investment twice their size  |
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Post by kcrane on May 9, 2019 12:14:53 GMT
I'm impressed you are still smiling :-)
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Post by fuzzyiceberg on May 12, 2019 11:45:04 GMT
Zopa have finally updated their default performance table to show data as at April this year. While they are maintaining that expected defaults for loans originated in 2018 and 2019 have not changed the 2016 and 2017 projected defaults are now over 0.5% more than expected at origination so anyone with a lot of those loans in their portfolio (e.g, me) will be getting poor overall returns. I think the jury is still out whether Zopa's 2018 and 2019 actual performance will in the end meet their original targets. How much do you trust Zopa given there recent poor performance?
Of course as Zopa like to hide useful data from their investors, an individuals investors performance cannot be guessed as the only data they release is aggregated accross all their markets so someone not investing in Plus may well see a different outcome if Zopa's 2016/2017 poor credit assessment differed by market, as it may well have. Laughably Zopa claim they cannot release this useful data because of the FCA.
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aju
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Post by aju on May 12, 2019 14:35:29 GMT
I took a snapshot last november of the previous, 21/7/2018, figures and the 2018 expected has changed up by a value of 0.24% more than that estimated in July 2018. (3.32% increased to 3.56%)
One other thing of note is that, whilst Zopa are declaring all the pre 2014 loans have repaid, I have loans still active in my Invest account. They are defaulted loans admittedly, but I still have some 23 so called "Completed Loans" that are still very much active in repaying with 12 pre 2014 loans even having made payments this year at least.
Trust in Zopa now there's an interesting thought ...
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Post by gravitykillz on May 12, 2019 16:09:35 GMT
The word lemmings come to mind.
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Greenwood2
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Post by Greenwood2 on May 12, 2019 20:02:19 GMT
The word lemmings come to mind. Zopa rates may be under target, but look at the problems with the supposedly high rate platforms like Collateral, Lendy, FS etc. In the end you might well have been better to have had your money in Zopa.
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Post by gravitykillz on May 12, 2019 23:20:27 GMT
The word lemmings come to mind. Zopa rates may be under target, but look at the problems with the supposedly high rate platforms like Collateral, Lendy, FS etc. In the end you might well have been better to have had your money in Zopa. Yes but ratesetter,Lending works,growth street,welendus would have given you a better return and they all have provision funds.
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Post by gravitykillz on May 12, 2019 23:21:51 GMT
In fact nobody as of yet has lost a penny in these funds. Whereas zopa users get stung all the time
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Greenwood2
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Post by Greenwood2 on May 13, 2019 6:54:15 GMT
In fact nobody as of yet has lost a penny in these funds. Whereas zopa users get stung all the time That is the Zopa model. Actual interest rates are quite high, target rates are much lower allowing for defaults, many lenders seem to be getting less than target interest rates. I haven't lost a penny in Zopa just have rather lower interest rates than I would like.
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