gg
Posts: 83 
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Post by gg on May 25, 2017 21:59:34 GMT
Having been with Zopa for many years I am pleased to say that my investment balance is now zero and I will be closing my account for good.
Zopa was fun in the earlier years but P2P has grown up. I now dabble in Ratesetter but just because I like the P2P idea. Having looked forward to the IFISA for what seems ages I now use my ISA allowance for stocks and shares.
So, to any Zopaholics out there who remember Gorgeous George I bid farewell. I enjoyed the banter.
gg
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ashtondav
Member of DD Central
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Post by ashtondav on May 29, 2017 15:19:05 GMT
Ratesetter 5 year at under 4%, sometimes manipulated to under 3%  I think I'll stick with Zopa and earn my 6.1%, in fact I achieved more that that in 2016/2017. That'll do for me, Tommy. Each to their own, GG, but RS are for financial illiterates only right now! |
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aju
Member of DD Central
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Post by aju on May 29, 2017 23:51:12 GMT
Yep I'll stay too my return for the 2016/17 tax year was 5.79%, granted I get 0.5 early adopter and i still have to factor in some of this years defaults as well.
edit: Actually I checked of all the defaulters in 2016/17 it just brings my return down to 5.69% before tax (booooooo!)
PS: I have been lucky so far with Plus and only have one default and only in the last month or so so does not appear in 2016/17 figures. I am also fortunate that in just over a 1000 in plus all are in £10 slots. I'm in it for the long haul so micro managing is not in my game. I came through the 2008 quite well too.
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gg
Posts: 83
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Post by gg on May 31, 2017 8:08:52 GMT
My RS return is 5.7% in the 5 year market. Happy with that. Lower returns quoted above are misleading.
RS compares favourably with my BTL investments.
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Greenwood2
Member of DD Central
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Post by Greenwood2 on May 31, 2017 8:35:48 GMT
If you micro-manage you can avoid the lowest rates on RS, but following market rate is no longer an option if you want a decent return. Last time I matched over 5% was over a month ago. My overall rate is still looking OK but must be gradually falling with re-investment at lower rates.
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Post by gidoppp01 on May 31, 2017 9:48:55 GMT
If you micro-manage you can avoid the lowest rates on RS, but following market rate is no longer an option if you want a decent return. Last time I matched over 5% was over a month ago. My overall rate is still looking OK but must be gradually falling with re-investment at lower rates. Someone got 5% matched yesterday, but now it is being dragged back to 3.8%!!!!
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Post by jackpease on May 31, 2017 11:31:07 GMT
This financial illiterate keeps quite a lot on the rolling market above 3% and very happy for that as part of a balanced risk diet - 3% + in one month's notice in non-property loans with a mature platform seems a literate option to me!
Jack P
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ashtondav
Member of DD Central
Posts: 1,814
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Post by ashtondav on May 31, 2017 11:41:29 GMT
GG, you ain't got a prayer of seeing 5.7% in RS 5 year. I've had money on at 5.8% for two months without a sniff. Thankfully repayments now back in Zopa earning over 6%, actually over 7% as a founder member with no fees!
RS are manipulating rates down via the MR dunces.
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ashtondav
Member of DD Central
Posts: 1,814
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Post by ashtondav on May 31, 2017 11:47:38 GMT
This financial illiterate keeps quite a lot on the rolling market above 3% and very happy for that as part of a balanced risk diet - 3% + in one month's notice in non-property loans with a mature platform seems a literate option to me! Jack P Well a post tax return (1.8% to 2.4%) less than this year's inflation may be "literate" for you, but you have a strange definition of "financial literacy". Now it is true you are getting twice the risk free rate from a BS, but that just shows we are living in "interesting times" - and I pray they don't get any more "interesting"!
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Post by jackpease on May 31, 2017 11:59:10 GMT
>strange view of literacy
I think there's a lot of people on this platform dazzled by high rates - I think it will take a financial shock for them to realise that property-based 'security' is trumped by the value of confidence which can evaporate well before you can sell up any p2p parts. I also don't think many consider the risk of failure among the younger untested platforms.
Some savings in premium bonds, some in lower risk non property p2p like FC, zopa and RS, some in medium risk p2p eg assetz and growth street and some in high risk property p2p eg MT and until recently Lendy.
Jack P
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Post by rudry2677 on Jan 20, 2018 21:39:01 GMT
Ah, those wonderful Zopaholic days of Gorgeous George and Fatbloke coupled with the hourly tweaking of rates. Like most things, the shine has dimmed with Zopa though I must thank the wonderful folk who started Zopa for introducing me to a new and slightly safer way of gambling. I am now withdrawing all my remaining funds gradually. Farewell and best wishes to all former Zopaholics.
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Post by wangja on Jan 22, 2018 7:22:26 GMT
Having been with Zopa for many years I am pleased to say that my investment balance is now zero and I will be closing my account for good. Zopa was fun in the earlier years but P2P has grown up. I now dabble in Ratesetter but just because I like the P2P idea. Having looked forward to the IFISA for what seems ages I now use my ISA allowance for stocks and shares. So, to any Zopaholics out there who remember Gorgeous George I bid farewell. I enjoyed the banter. gg Sorry to see yah go. From being a CCL holder, have run down to 4 figures, where I will probably leave it. I lost most (mental) interest when listings were ditched and frankly have even less now. I too remember GG: and many others too - Dave C, Jamesd, et al - I do see a few others from the early posting here.
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