 Are you guys shutting down too? |
 Oct 8 2008, 09:18 PM
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#1
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 Zebra  Group: Members Posts: 91 Joined: 19-April 07 Member No.: 1,219  |
-------------------- Hey,What kind of party is this.There's no booze & only one hooker.
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Oct 9 2008, 09:40 PM
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#41
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 Zeus Group: Members lvl 1 Posts: 2,850 Joined: 23-March 07 Member No.: 1,145 |
Dow Jones Index fell another 678.91 points (7.33%) today and now stands at 8579.19 it's lowest level since August 2003.
A year ago exactly, the Dow closed at a record high above 14,000 points. |
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Oct 9 2008, 09:59 PM
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#42
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 Zeus Group: Members lvl 1 Posts: 1,583 Joined: 7-March 06 From: Torquay Member No.: 7 |
QUOTE (CoogarUK @ Oct 9 2008, 10:40 PM)  Dow Jones Index fell another 678.91 points (7.33%) today and now stands at 8579.19 it's lowest level since August 2003. A year ago exactly, the Dow closed at a record high above 14,000 points. This does go to show how things can turn around when things go badly. With the stock market you can have infinate gain but a 100% loss. On Zopa you can only have 20% gain but 100% loss. -------------------- QUOTE (Albert Einstein @ 1879-1955) The most powerful force in the universe is compound interest http://finance.groups.yahoo.com/group/Zopa_talk/ |
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Oct 9 2008, 10:08 PM
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#43
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Zeus Group: Zopa employees Posts: 515 Joined: 4-November 06 Member No.: 562 |
QUOTE (easteregg @ Oct 9 2008, 10:59 PM) This does go to show how things can turn around when things go badly. With the stock market you can have infinate gain but a 100% loss. On Zopa you can only have 20% gain but 100% loss. Who said anything about anyone losing money? |
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Oct 9 2008, 10:15 PM
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#44
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Zebedee Group: Members lvl 1 Posts: 181 Joined: 22-May 07 From: Manchester Member No.: 1,456 |
QUOTE (easteregg @ Oct 9 2008, 10:59 PM) This does go to show how things can turn around when things go badly. With the stock market you can have infinate gain but a 100% loss. On Zopa you can only have 20% gain but 100% loss. Surely its a mere 90% maximum possible loss on Zopa. EDIT: Well, unless Zopa and CRS go down the pan and then its 100% loss. Out of interest is it guaranteed that defaulted loans are brought for at least 10% of outstanding, or just the current arrangement and thus could potentially change? This post has been edited by richardm: Oct 9 2008, 10:27 PM -------------------- Visit Lendify for Zopa market data.
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Oct 10 2008, 01:01 AM
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#45
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Zeus Group: Members Posts: 1,461 Joined: 14-July 06 Member No.: 261 |
QUOTE (CFO @ Oct 9 2008, 11:08 PM) Who said anything about anyone losing money? Well, someone could always ask whether there was any noticeable trend in late payment and default rates in loans granted by Zopa US in recent quarters. |
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Oct 10 2008, 11:46 AM
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#46
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Zeus Group: Members lvl 1 Posts: 1,583 Joined: 7-March 06 From: Torquay Member No.: 7 |
QUOTE (CFO @ Oct 9 2008, 11:08 PM) Who said anything about anyone losing money? Sorry I wasn't suggesting Zopa members would lose money, I was comparing Zopa and the stock market. As I stated before I believe now is Zopa's time to shine in the UK. I'm just sorry for my American cousins. -------------------- QUOTE (Albert Einstein @ 1879-1955) The most powerful force in the universe is compound interest http://finance.groups.yahoo.com/group/Zopa_talk/ |
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Oct 10 2008, 02:08 PM
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#47
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Zeus Group: Members lvl 1 Posts: 2,850 Joined: 23-March 07 Member No.: 1,145 |
QUOTE (easteregg @ Oct 10 2008, 12:46 PM) Sorry I wasn't suggesting Zopa members would lose money, I was comparing Zopa and the stock market. As I stated before I believe now is Zopa's time to shine in the UK. I'm just sorry for my American cousins. The main concern surely has to be that what happens in America normally ends up over here. It's almost inevitable. What is happening to UK house prices now is where America was about two years ago, and we all know what happened next! |
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Oct 10 2008, 02:42 PM
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#48
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 Zeus Group: Members lvl 1 Posts: 4,985 Joined: 18-January 08 Member No.: 2,107 |
QUOTE (CoogarUK @ Oct 10 2008, 03:08 PM) The main concern surely has to be that what happens in America normally ends up over here. It's almost inevitable. OTOH, I'm not aware of any UK company whose business model involves getting people with 1 year fixed rate investments to altruistically donate some of their interest to someone with a loan. -------------------- Useful links: MainSite - Dashboard, MLB, Risk, Dave, Listings, Quote, FAQs, LendingGuide | Charts - Elljay, Lendify | Spreadsheet - RiskInfo, MarketData, GeoffJ demo | News - MyZopa, Blog, Twitter, Newsletter [2010: J,F,M,A,M,J,J], InTheNews
Loan status (20 Aug): Zopa lenders: £3144 paid, £3128 to settle (£152 interest). Other costs: £118.50 + £42 + £80. Cost if settled "today": £392.50 (5.6% lifetime, 12.6% APR). Projected final cost: Zopa: £315, Other: £122 (6.2% lifetime, 5.4% APR) |
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Oct 10 2008, 05:53 PM
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#49
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 Zeus Group: Members Posts: 778 Joined: 7-August 07 Member No.: 1,847 |
QUOTE (CoogarUK @ Oct 10 2008, 03:08 PM) The main concern surely has to be that what happens in America normally ends up over here. It's almost inevitable. So when's our presidential election due, then? 
-------------------- "Heavenly Father, I wish to file a Bug Report..."
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Oct 10 2008, 06:03 PM
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#50
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Zeus Group: Members lvl 1 Posts: 2,850 Joined: 23-March 07 Member No.: 1,145 |
QUOTE (Rebtech @ Oct 10 2008, 06:53 PM) So when's our presidential election due, then? Ah, some things get slipped through to us on the sly, without many of us noticing 
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Oct 10 2008, 08:00 PM
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#51
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 Zeus Group: Members lvl 1 Posts: 902 Joined: 4-April 06 From: Gateshead Member No.: 73 |
QUOTE (sl75 @ Oct 10 2008, 03:42 PM) OTOH, I'm not aware of any UK company whose business model involves getting people with 1 year fixed rate investments to altruistically donate some of their interest to someone with a loan. This is also how I understood how the US version worked. Is it? |
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Oct 11 2008, 12:21 PM
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#52
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Zeus Group: Members Posts: 778 Joined: 7-August 07 Member No.: 1,847 |
QUOTE (Rebtech @ Oct 10 2008, 06:53 PM) So when's our presidential election due, then? QUOTE (CoogarUK @ Oct 10 2008, 07:03 PM) Ah, some things get slipped through to us on the sly, without many of us noticing I said "election", not just "presidential". 
-------------------- "Heavenly Father, I wish to file a Bug Report..."
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Oct 11 2008, 04:54 PM
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#53
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Zeus Group: Members lvl 1 Posts: 2,850 Joined: 23-March 07 Member No.: 1,145 |
QUOTE (Rebtech @ Oct 11 2008, 01:21 PM) I said "election", not just "presidential". We avoided the need for such an election. This post has been edited by CoogarUK: Oct 11 2008, 04:54 PM |
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Oct 12 2008, 09:08 AM
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#54
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Zeus Group: Members Posts: 778 Joined: 7-August 07 Member No.: 1,847 |
QUOTE (CoogarUK @ Oct 11 2008, 05:54 PM) We avoided the need for such an election. So not everything that happens in the US also happens here! -------------------- "Heavenly Father, I wish to file a Bug Report..."
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Oct 12 2008, 09:12 AM
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#55
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Zeus Group: Members Posts: 1,461 Joined: 14-July 06 Member No.: 261 |
QUOTE (Rebtech @ Oct 12 2008, 10:08 AM) So not everything that happens in the US also happens here! Well, both the US and the UK have a system where you don't get to vote for the President/Prime Minister, so we have that much in common. Don't even get to vote for their successor in either country - though at least in the US it's usually death in office or imminent impeachment that causes the President to depart, not political backstabbing in advance of an election. |
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Oct 14 2008, 02:07 PM
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#56
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Zebra Group: Members Posts: 91 Joined: 19-April 07 Member No.: 1,219 |
We are finally finding out the real truth from 3rd party websites & company partner websites.
-------------------- Hey,What kind of party is this.There's no booze & only one hooker.
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Oct 14 2008, 02:54 PM
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#57
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Zeus Group: Members Posts: 778 Joined: 7-August 07 Member No.: 1,847 |
QUOTE (bamalucky @ Oct 14 2008, 03:07 PM) We are finally finding out the real truth from 3rd party websites & company partner websites. Is this a trailer, or are we supposed to be all fired up now to go searching for that info ourselves? -------------------- "Heavenly Father, I wish to file a Bug Report..."
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Oct 14 2008, 03:28 PM
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#58
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Zebra Group: Members Posts: 91 Joined: 19-April 07 Member No.: 1,219 |
Check the USA section of this site.
I understand that all you guys are fired up over Zopa as we were for Prosper.com. Just don't make the mistake like we did in thinking the site operators would never lie to you. Believe me,that they will say or do anything in hopes if making their stock have value one of these days. -------------------- Hey,What kind of party is this.There's no booze & only one hooker.
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