Zopa

[MarillionFan]

Well after a year on Zopa with an initial input of £500 it appears that after a year I made around 5.2% return with no defaults whatsoever.

So I've topped that up with another £5000 with a projected rate of 5.1%-5.6%.

What's everyone elses return for Zopians?

[Paddy]

Well after a year on Zopa with an initial input of £500 it appears that after a year I made around 5.2% return with no defaults whatsoever.

So I've topped that up with another £5000 with a projected rate of 5.1%-5.6%.

What's everyone elses return for Zopians?

I lent £500 to some people on benefit living in a council estate. I made £25,000 less £2k payment to thugs in order to break a few legs.

[psychocandy]

Always wondered if Zopa was worth a go mind.

Perhaps I'll stick a few quid. Remind me - can you still get it all back out if you need it urgently?

[DimPrawn]

Rates are going down and down.

There's a lot more people looking to lend money than to borrow it.

Problem with money, is everyone has lots and no one needs any.

Printy printy....

[proggy]

Well after a year on Zopa with an initial input of £500 it appears that after a year I made around 5.2% return with no defaults whatsoever.

So I've topped that up with another £5000 with a projected rate of 5.1%-5.6%.

What's everyone elses return for Zopians?

5-6%? So you made a £25 after a year? With 5k you are in for @£250 a year? Or potentially -£5000. Not really worth the risk, limited upside and full loss downside.

[psychocandy]

5-6%? So you made a £25 after a year? With 5k you are in for @£250 a year? Or potentially -£5000. Not really worth the risk, limited upside and full loss downside.

Yeh. I dont think you actually risk the £5000 though do you?

Isnt the £5000 spread in £10 chunk so chances are you only lose 1 or 2?

[northernladuk]

5-6%? So you made a £25 after a year? With 5k you are in for @£250 a year? Or potentially -£5000. Not really worth the risk, limited upside and full loss downside.

Zopa has a bad debt rate of 0.2% of money lent....

[bobspud]

Yeh. I dont think you actually risk the £5000 though do you?

Isnt the £5000 spread in £10 chunk so chances are you only lose 1 or 2?

Wasn't that how sub-prime went tits up? Packages of packages with no clue what was in them in the end the very banks that had sold the risk were re-buying it back onto their books hidden in several layers of abstraction...

[AtW]

Making £250 on £5000 a year is

MF, mate you should just reduce your alcohol intake and you'd make 10 fold more every month

[northernladuk]

Making £250 on £5000 a year is

MF, mate you should just reduce your alcohol intake and you'd make 10 fold more every month

Technically he is reducing his outgoings not making on his savings if he does that.... but