Zopa

[MarillionFan]

Has anyone borrowed or leant on Zopa?

Thinking of sticking a couple of grand on as a lender as part of an overall investment strategy.

Anyone have any experience of it?

[milanbenes]

MF,




the question today is......

let's say we put £1000 on zopa and (i have no idea of the interest rates) but let's say it's 5% per annum

at the end of a year you will have £1050 - tax


it is generally accepted that we are currently in a period of unknown future for the £


what if you put that £1000, split it into 3...

£333 in Euro

£333 in CHF

£333 in Au


at the end of a year will you have more GBP than simply taking a GBP + interest % investment ?


Milan.

[MarillionFan]

Well Zopa says around 7.9%.

So lets say MB, we split into three currencies and invest all three into Zopa. What is the return?

[Tarquin Farquhar]

MF,




the question today is......

let's say we put £1000 on zopa and (i have no idea of the interest rates) but let's say it's 5% per annum

at the end of a year you will have £1050 - tax


it is generally accepted that we are currently in a period of unknown future for the £


what if you put that £1000, split it into 3...

£333 in Euro

£333 in CHF

£333 in Au


at the end of a year will you have more GBP than simply taking a GBP + interest % investment ?


Milan.

As long as EUR and CHF track the dollar inversely (one goes up as the other goes down), what's the point of holding both?

As for Au, surely there are too many speculators in it already? Or does that include you, and any chance to pump it is good?

[MarillionFan]

Right. Get back to the question.

My daughter's got more concentration than you lot!

Has anyone used Zopa (yes/no) answers will get a short sharp reaction!

[Churchill]

No!

Ready when you are!

[DimPrawn]

Imagine you put "a couple of grand" into Zopa and get 8% back after tax. We'll forget about people defaulting on your loan.

We're talking about £160 interest.

Not even worth worrying/thinking about compared with what might happen in the next three years (minimum Zopa loan period is three years) wrt to inflation, currency devaluation, sovereign defualt, tax changes.

Do yourself a favour and spend it now.

PS. Best thing I did was put a large chunk of sterlings into Gold.

[milanbenes]

DP,

very well put



Tarkers,

I have Au, and not worried about pumping, you or I or MF cannot move the market.

Holding Au or CHF or Euro is a question of your confidence in the £

Why to split between CHF and EUR, well it just gives more of a hedge

you should know all this Dad.

Milan.

[Tarquin Farquhar]

DP,

very well put



Tarkers,

I have Au, and not worried about pumping, you or I or MF cannot move the market.

Holding Au or CHF or Euro is a question of your confidence in the £

Why to split between CHF and EUR, well it just gives more of a hedge

you should know all this Dad.

Milan.

If CHF and EUR track opposite to each other, having both does not give more of a hedge. There is a Leylandii quality to some of your posts, though.

[DimPrawn]

I'm putting another chunk of Sterlings into USD, based on the fact that although both the USA and Britain are seriously fooked, my money is on the $ outperforming the £ in the medium to long term and if one of those is going to go kapput, it's going to be the pound.