ashtondav
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Post by ashtondav on Jul 11, 2019 14:53:51 GMT
Pretty bad month for me this month in Invest. I have sold most of the loans except Classic ones. Not sure what the XIRR is at present but this month will be a bad one as I picked up 2 new defaults that will have wiped out the returns for the month and then some. I have to check but I can't have many more defaultable loans left so the account should pick up a bit with the classic. I am reinvesting returns and capital into the ISA side so the account will eventually slim down to just outstanding defaults. On the recent default sale its a little odd that they sold some loans that were still contributing interest and left some loans alone that have not paid anything for some 2 or more years. I need to review that still too.
We are both still in the ISA side at present.The buyer presumably insisted on a certain “mix”
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Post by blanik on Jul 13, 2019 16:50:46 GMT
My current statistics.....we both are 0.5% bonus early investors...figures from Projected return on dashboard, NAR from performance, and xirr from my spreadsheet including bonus.
We are both currently split about 1/3rd Plus, 2/3rd Core - but have changed the re-investment parameters over time so the original split was different.
My account - the 2019 XIRR looks better because of losses in 2018, and the poor quality of the early Plus loans are reflected in the Projected return and NAR.
Plus - Started May 2016, Projected 3.6%, NAR 3.60%
Core - Started Jan 2018, Projected 4.4%, NAR 4.17%
XIRR for 2019 5.4%
Mrs B - Hurt by poor core returns.
Plus - started Nov 2017, Projected 4.1%, NAR 4.52%
Core - started June 2017, Projected 4.2%, NAR 1.31%
XIRR for 2019 3.3%
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Post by Deleted on Jul 13, 2019 21:06:56 GMT
I sold as much of my Zopa holding as possible a few months ago and I've not seen anything since that makes me regret that. It seems to have lost its way since Safeguard was removed.
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zlb
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Post by zlb on Jul 21, 2019 19:04:53 GMT
My results for first three weeks of July, big negative earnings, my new defaults is 6x my earnings.
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Post by kcrane on Jul 21, 2019 21:25:50 GMT
My results for first three weeks of July, big negative earnings, my new defaults is 6x my earnings. Phew. I'm down to a few £k that I can't extract, glad I acted when I did.
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zlb
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Post by zlb on Jul 21, 2019 22:27:34 GMT
My results for first three weeks of July, big negative earnings, my new defaults is 6x my earnings. Phew. I'm down to a few £k that I can't extract, glad I acted when I did. did you sell, or wind down? I sold a lot out and thought I'd keep a bit there for diversity, but it's beginning to annoy me, this issue that they removed the pf AND it's run on averages and luck, so some do less well than others, and they can't sort out the 1% of any deposit value issue. I get the impression they aren't monitoring what's happening, but then, I suppose they must be, surely?
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aju
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Post by aju on Jul 21, 2019 22:31:22 GMT
Phew. I'm down to a few £k that I can't extract, glad I acted when I did. did you sell, or wind down? I sold a lot out and thought I'd keep a bit there for diversity, but it's beginning to annoy me, this issue that they removed the pf AND it's run on averages and luck, so some do less well than others, and they can't sort out the 1% of any deposit value issue. I get the impression they aren't monitoring what's happening, but then, I suppose they must be, surely? Just curious what do you mean by the "1% of any deposit value Issue".
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Post by kcrane on Jul 22, 2019 20:48:34 GMT
Phew. I'm down to a few £k that I can't extract, glad I acted when I did. did you sell, or wind down? I sold a lot out and thought I'd keep a bit there for diversity, but it's beginning to annoy me, this issue that they removed the pf AND it's run on averages and luck, so some do less well than others, and they can't sort out the 1% of any deposit value issue. I get the impression they aren't monitoring what's happening, but then, I suppose they must be, surely? I started winding down maybe a year ago, but it was taking too long and I was getting nervous, so I bit the bullet and sold.
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susan
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Post by susan on Sept 9, 2019 10:11:06 GMT
I have sold out completely from Zopa.
I liked the provision fund and so when that disappeared I stopped reinvesting.
Last month sold out completely.
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trium
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Post by trium on Sept 18, 2019 0:00:55 GMT
I seem to have more new defaults every time I log on. July - 74% of income (earnings plus recoveries) lost to new defaults. August 95%. September so far - 154%!! Yes, really!. I've been running down for nearly 18 months now (begrudge them a selling fee to get rid of what they lumbered me with) so I would have expected an eventual drying up of new defaults but they keep coming.
I am greatly irritated by the weekly updates which continue to advertise matching at rates way above those delivered to me, consistently and for a sustained period. I am also greatly irritated by the banner they keep putting on my Statements page - "Looks like you've had some defaults - don't worry"! I get defaults every month and I do worry. I haven't so far accepted their invitation to a pointless chat with their Customer Service Team (are they going to compensate me?) nor will I expend my pay-by-the-megabyte bandwidth to watch what is no doubt a load of patronising and placatory clap-trap from Andrew Lawson.
I was very happy with Zopa 8 years ago, but not now.
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ashtondav
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Post by ashtondav on Sept 18, 2019 12:03:19 GMT
I seem to have more new defaults every time I log on. July - 74% of income (earnings plus recoveries) lost to new defaults. August 95%. September so far - 154%!! Yes, really!. I've been running down for nearly 18 months now (begrudge them a selling fee to get rid of what they lumbered me with) so I would have expected an eventual drying up of new defaults but they keep coming. I am greatly irritated by the weekly updates which continue to advertise matching at rates way above those delivered to me, consistently and for a sustained period. I am also greatly irritated by the banner they keep putting on my Statements page - "Looks like you've had some defaults - don't worry"! I get defaults every month and I do worry. I haven't so far accepted their invitation to a pointless chat with their Customer Service Team (are they going to compensate me?) nor will I expend my pay-by-the-megabyte bandwidth to watch what is no doubt a load of patronising and placatory clap-trap from Andrew Lawson. I was very happy with Zopa 8 years ago, but not now. If you’re running down at some stage you will be left only with defaults and lates, as all your “good loans” will have paid back. So it’s no surprise. I’m in the same situation. you only get anywhere near the promoted rates if you invest and then re-invest your capital and interest over the long term. You are not being invested in loans at the advertised rate that are emailed to you. Simple as that.
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trium
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Post by trium on Sept 18, 2019 14:44:49 GMT
I take the opposite view. I'm running down because I'm not getting the advertised rates, not the other way around. At some stage I should be left with only paying loans since all those destined to default will have done so and the rate of new defaults should subside. All my defaults would still have occurred (perhaps plus a few more) if I had left re-lending turned on.
In fact I still have most of the loans I had 18 months ago. The capital balances have reduced of course but they're still part of the picture and I am not yet in the position of having only bad loans. My mistake was investing in Plus, compounded by a rapid ramping up of investments from Feb 2007 to Jan 2008 (about 5-fold) which has turned out badly.
To be clearer - I have reduced my account by 26.5% since April 2008 (including defaults). During that time I have turned on re-lending two or three times to see if things improved - they did not. I already have defaults among the very small number of loans issued this year.
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ashtondav
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Post by ashtondav on Sept 18, 2019 14:51:46 GMT
Whether things have improved or deteriorated is another (valid) matter.
the fact remains that if you are running down eventually you will be left with only late payers and defaults. The good ones will have completed.
Say your portfolio is 20 loans ten of which are good, ten of which are defaults. As the final good one repays you will be left with the ten defaults. Your returns will decrease all the way down.
I agree returns have been unacceptable which I why I too am withdrawing repayments.
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ashtondav
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Post by ashtondav on Sept 18, 2019 14:54:11 GMT
Whether things have improved or deteriorated is another (valid) matter. the fact remains that if you are running down eventually you will be left with only late payers and defaults. The good ones will have completed. Say your portfolio is 20 loans ten of which are good, ten of which are defaults. As the final good one repays you will be left with the ten defaults. Your returns will decrease all the way down. This is why p2p is like hotel California - you can check out any time you like, but you can never leave because you will always have a rump of defaults, probably trickling recovery repayments. I agree returns have been unacceptable which I why I too am withdrawing repayments.
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benaj
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Post by benaj on Sept 18, 2019 15:00:01 GMT
Back in early 2018, I bought some shares of the VC firm investing Zopa, Tide, Monese etc thru IPO. It's much better than lending on Zopa plus, and no liquidity issue.  |
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