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Post by ingenue on Aug 21, 2020 11:59:07 GMT
Is anyone still taking Zopa's claims for target and projected returns seriously? My projected returns for both Core and Plus are well below the target, and even those projected returns seem optimistic relative to current loan performance. Meanwhile, the projected return for Classic is still equal to the target despite the safeguard fund looking perilous. I've been withdrawing all repayments for about a year and the only number I'm now giving any attention is the total amount withdrawn. In the current climate, I'd probably settle for seeing that reach the total deposited.
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aju
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Post by aju on Aug 21, 2020 15:09:30 GMT
Is anyone still taking Zopa's claims for target and expected returns seriously? My expected returns for both Core and Plus are well below the target, and even those expected returns seem optimistic relative to current loan performance. Meanwhile, the expected return for Classic is still equal to the target despite the safeguard fund looking perilous. I've been withdrawing all repayments for about a year and the only number I'm now giving any attention is the total amount withdrawn. In the current climate, I'd probably settle for seeing that reach the total deposited. Not since they stopped actually reporting on a Zopa page monthly and weekly I used to track it but never compared it to my actuals though - Zopa has changed this a few times when it was pulled up by FCA I think!. I'd usually have only worked from the average or whatever rather than the projected though. Just lately we , Mrs aju and myself, have been selling loans off and the >4% Market rate adjustment (trying to encourage me not to sell I guess) is not ideal either but at least we are getting money back. We have also been in normal withdrawal mode since the end of march as well as selling . I think we are almost finished on the selling front though as we have a considerable number of loans that are marked as "Covid Arrangements" more details in the loanbook glossary for the new fields and how this appears in loanbook CSV data. (Not sure if the onscreen loanbook is working as yet to see this though). I had 2 single sales over the last two days if this doesn't increase then the MRS may be quite high I had one last month of nearly 15% but the average for the month was nearer my quoted 4.3%. Since we are selling our defaults also add into our cumulative default losses as well. (Defaults can return money though at some point or Zopa will sell them on and return the proceeds of the fire sales to lenders) All that said we have been in Zopa long enough to have built up some good amounts of returns over the years and are still a long way from losing capital - I guess it wouldn;t take too much more of this current state to eat into that considerably though.
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Greenwood2
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Post by Greenwood2 on Aug 21, 2020 15:30:22 GMT
Is anyone still taking Zopa's claims for target and expected returns seriously? My expected returns for both Core and Plus are well below the target, and even those expected returns seem optimistic relative to current loan performance. Meanwhile, the expected return for Classic is still equal to the target despite the safeguard fund looking perilous. I've been withdrawing all repayments for about a year and the only number I'm now giving any attention is the total amount withdrawn. In the current climate, I'd probably settle for seeing that reach the total deposited. My Core accounts are on target, Plus accounts slightly under target (from NARs), although another account I look after is over target. Classic currently says 3.4% I assume that's actual (but not much in there).
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ashtondav
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Post by ashtondav on Oct 18, 2020 15:34:29 GMT
For all the variability in returns, and lowering of target average returns, of all my p2p investments (RS minimal, FC quite a lot, AC substantial, LW minimal) ZOPA alone is still operating as a business, taking on lenders and making loans. I must admit I had been in long term withdrawal from ZOPA in favour of AC. But now I’m wondering. Is the Zopa model the one that will survive best?
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benaj
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Post by benaj on Oct 18, 2020 17:58:49 GMT
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Post by Ace on Oct 18, 2020 18:28:29 GMT
Any idea why AC is absent from that list? I noticed that stuartassetzcapital's signature claims that AC are "The 3rd largest UK P2P platform". I wonder on what basis?
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Post by stuartassetzcapital on Oct 18, 2020 18:31:09 GMT
Any idea why AC is absent from that list? I noticed that stuartassetzcapital's signature claims that AC are "The 3rd largest UK P2P platform". I wonder on what basis? The fact that we are ! This website seems a little deficient.
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Post by Ace on Oct 18, 2020 18:36:37 GMT
Any idea why AC is absent from that list? I noticed that stuartassetzcapital 's signature claims that AC are "The 3rd largest UK P2P platform". I wonder on what basis? The fact that we are ! This website seems a little deficient. But on what basis? Total lending volume, lending volume over a certain period, number of borrowers, number of lenders, biggest err... shoes?
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benaj
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Post by benaj on Oct 18, 2020 18:45:17 GMT
Ace, probably loan origination. On AC stats, £50 mil originated in 2020
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Greenwood2
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Post by Greenwood2 on Oct 18, 2020 19:33:52 GMT
Still happy with Zopa, rates are still OK and it looks viable. I've been getting out of most other platforms, that I can  . |
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Post by stuartassetzcapital on Oct 18, 2020 21:09:36 GMT
Just insert us in the table with £1bn+ of lifetime lending for example, but clearly you have to be P2P lending going forwards to be in there still as it’s a P2P lending table. So comfortably 3rd yes, at least and by a country mile.
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Post by ingenue on Oct 29, 2020 18:40:05 GMT
My defaults for October outweighed my interest by a factor of 2. The shape of things to come?
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Greenwood2
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Post by Greenwood2 on Oct 29, 2020 20:19:50 GMT
My defaults for October outweighed my interest by a factor of 2. The shape of things to come? Are you running down your loan book? I know it's variable between accounts, but my return is pretty good again this month.
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ashtondav
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Post by ashtondav on Oct 30, 2020 9:14:00 GMT
£15,000 invested, no withdrawals for a year and reinvesting capital and interest.
interest for October £60. For the last 4 months it’s been higher than that. That includes founder member bonus. Exclude that and it would have been c£50.
About right.
zopa is the only big platform still running business as usual. IMO it’s doing a good job.
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benaj
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Post by benaj on Oct 30, 2020 9:31:51 GMT
It’s true platforms like Z offer great return that an FSCS can’t match. I suppose z’s return are realistic enough as long as reinvestment is turned on with no withdrawal.
However, after years of “putting” money in these “accounts”, I have realised p2p are nothing like accessing money from a saving account. The actual money “returned” from the investment might often lower than expectations due to a number of factors.
Such as fees and bad debts, issues related to the platforms.
Of course, there are some platforms have done many innovations to make p2p access accounts like a normal saving accounts, until these accounts got the “long covid” and stuck in ICUs.
At least we are seeing Z being healthy at the moment.
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