ashtondav
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Post by ashtondav on Dec 16, 2020 9:07:45 GMT
based in my confidence that Zopa will be one of the survivors, and that I’m happy with anything that pays more than a BS I transferred 999£ yesterday. Now based on the rants on the AC, RS, FC threads wanting to sell and exit I expected my money to be invested pretty quickly. But is that the case? Does anyone know how long it takes to get invested.
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cb25
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Post by cb25 on Dec 16, 2020 9:10:50 GMT
based in my confidence that Zopa will be one of the survivors, and that I’m happy with anything that pays more than a BS I transferred 999£ yesterday. Now based on the rants on the AC, RS, FC threads wanting to sell and exit I expected my money to be invested pretty quickly. But is that the case? Does anyone know how long it takes to get invested. Average time to match money with new loans is 39 days for Zopa Core, 42 days for Zopa Plus according to Zopa's weekly update email 11/12/2020
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ashtondav
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Post by ashtondav on Dec 16, 2020 9:47:35 GMT
Missed that. Thx.
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coogaruk
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Post by coogaruk on Dec 16, 2020 14:31:50 GMT
confidence that Zopa will be one of the survivors Well, it is a bank now!
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Post by Ton ⓉⓞⓃ on Dec 16, 2020 20:30:08 GMT
confidence that Zopa will be one of the survivors Well, it is a bank now!
That's interesting, but presumably that wouldn't stop them from liquidating the p2p branch of the company. At some point it might enhance the share price ...
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Post by mfaxford on Dec 17, 2020 10:57:52 GMT
based in my confidence that Zopa will be one of the survivors, and that I’m happy with anything that pays more than a BS I transferred 999£ yesterday. You are of course open to the risks of borrowers defaulting. Although I suspect that risk is greater on any loans taken out before the pandemic rather than newer ones. At least Zopa have experience from the previous economic downturn in 2008 and hopefully they remembered any lessons learnt from that.
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ashtondav
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Post by ashtondav on Dec 17, 2020 12:41:54 GMT
What i find encouraging is that alone of the big four (in which i am also invested) ZOPA continue to operate as normal. The others are in "Hotel California" mode.
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Post by aidanw on Dec 17, 2020 20:13:01 GMT
What i find encouraging is that alone of the big four (in which i am also invested) ZOPA continue to operate as normal. The others are in "Hotel California" mode. Normal being exorbitant Market Rate Adjustments, nose diving interest rates and cancellation of safeguard on existing loans? I've managed to check out of Assetz (secondary market very effective) and Ratesetter (1 y/5 y) without being locked in.
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Post by Ace on Dec 17, 2020 20:48:04 GMT
Not to mention Zopa's 40 day cash drag.
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ashtondav
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Post by ashtondav on Dec 18, 2020 10:11:48 GMT
Well yes. Yes. And more yes.
But you only have to compare the stream of tedious RYI posts and “another £10 per £10,000” AC posts with this board to gauge relative investor feeling...
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Post by Ace on Dec 18, 2020 10:25:30 GMT
Well yes. Yes. And more yes. But you only have to compare the stream of tedious RYI posts and “another £10 per £10,000” AC posts with this board to gauge relative investor feeling... Perhaps the lesson is to avoid the "big 4", at least for now, and use some of the smaller and better performing platforms that seem to have learnt from the big 4's mistakes.
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Post by fuzzyiceberg on Dec 18, 2020 13:52:07 GMT
I wouldn't touch a small paltform in these times. Way too much risk of failure for me. I got out of RS and FC a good while back but am sticking with Zopa, at least for now. Safeguard had pretty much run its course, large market rate adjustments are to be expected when there are, er, large changes to markets and falling return rates simply reflect more or less zero base rates. At least they are way better than any BS or Bank rates, although at a risk of loss of course.
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ashtondav
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Post by ashtondav on Dec 18, 2020 14:14:28 GMT
Yes, Ace good point. I have bunged a few grand onto Loanpad so i’ll See how it goes. But if it wasn’t for the 40 day cash drag big Z would be getting more wedge.
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Post by Ace on Dec 18, 2020 14:38:55 GMT
Yes, Ace good point. I have bunged a few grand onto Loanpad so i’ll See how it goes. But if it wasn’t for the 40 day cash drag big Z would be getting more wedge. I doubt you'll be disappointed: - No cash drag.
- Instant liquidity throughout the Covid19 crisis
- Better rates than I've managed to achieve on Z
- Loans secured by first charge on very low LTV properties
- Funds redistributed daily over all active loans on the platform
- Interest paid on all invested funds, even those which are not allocated to loans
- All loans managed by an experienced junior partners who will lose all of their capital before we lose a penny
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Greenwood2
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Post by Greenwood2 on Dec 18, 2020 14:55:00 GMT
Yes, Ace good point. I have bunged a few grand onto Loanpad so i’ll See how it goes. But if it wasn’t for the 40 day cash drag big Z would be getting more wedge. I doubt you'll be disappointed: - No cash drag.
- Instant liquidity throughout the Covid19 crisis
- Better rates than I've managed to achieve on Z
- Loans secured by first charge on very low LTV properties
- Funds redistributed daily over all active loans on the platform
- Interest paid on all invested funds, even those which are not allocated to loans
- All loans managed by an experienced junior partners who will lose all of their capital before we lose a penny
A lot of the loans are development loans, so LTV isn't what it seems (and we've been there before!) but I agree only being in the less risky tranche is good. I'm actually getting a slightly better rate on Zopa. Since we are getting to expect the unexpected in P2P, what happens if a few projects fail and the junior partner goes bust? Does the whole thing fail? How deep are their pockets?
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