Find content
Male
figures18, on 17 June 2013 - 19:40, said:
And whilst we're talking about missing e mails who's had the e mail invite to the Zopa birthday party and who hasn't??
Not me. Will there be jelly and icecream?
Oldnick
Member Since 10 Mar 2012Offline Last Active Jun 17 2013 21:54
Posts I've Made
In Topic: Why, oh why, oh why ........................
03 June 2013 - 20:19
jevans4949, on 01 June 2013 - 18:36, said:
Had you ever noticed, you always find things in the last place you look.
Toffeeboy, on 03 June 2013 - 10:53, said:
That would be because you stop looking after you find it so it is always the last place that you look, unless you are very silly and continue looking for something that you have already found
Ok, well answer this one - why do windscreen wipers only malfunction when it's raining... oh wait, never mind...
In Topic: Non-Safeguard Offers No Longer Working?
01 June 2013 - 14:11
ramblin rose, on 01 June 2013 - 10:36, said:
'one of the chief risks of a small company with little chance of growth under the previous system we all enjoyed so much is that of stagnating and then going bust.'
fuzzyiceberg, on 01 June 2013 - 10:26, said:
.
'Zopa is a business. It owes nothing to us'
'Zopa is a business. It owes nothing to us'
I quite agree with both of these posts.
I'm not one to winge about the 'hardship' of having to find places to lodge surplus money: I consider myself fortunate to be in that position.
I'm also grateful for the opportunity that ZOPA provided, and respectful of its future needs.
I'm sure ZOPA have seen enough feedback from disaffected lenders by now to know how the changes have been received in some quarters, but the amount of new money flooding in must confirm to them that they are taking the right course for the future of the business.
I still have money working its way through the system; so will be a ZOPA lender for some years to come. I also enjoy reading and contributing to this forum and have learned a lot from many of the contributors. Who knows, if the risks outweigh the rewards in the P2B world I may yet come crawling back to the relative safety of ZOPA.
In Topic: Non-Safeguard Offers No Longer Working?
01 June 2013 - 08:59
trelore, on 31 May 2013 - 09:44, said:
Am I the only one getting annoyed and planning to pull their funds out?
Richard.
I too am slowly pulling out.
My initial 'investment' in Zopa was to test the concept and then to put more money in once I had a few years experience under my belt. Through no fault of ZOPA interest rates began to fall, and I haven't made any new loans since October 2012.
Safeguard is not for me: one of the draws of ZOPA was the freedom to choose markets and rates. I can see that Safeguard is attractive for those who have large amounts of cash they need to protect from inflation and the uncertainties of other forms of investment; and also for those who don't want to have to attend to the process regularly.
I am looking for a higher rate of return than ZOPA can now provide for the risk. (How big is the Safeguard fund now, and how big is it intended to be? Who would own the fund if ZOPA was closed down?). I'm also looking for more engagement in the process of lending than ZOPA now offers.
SO, my 'play' money is now going to business lending on another site, where interest rates are between 6.5 and 15% and lending periods are between three months and five years.
To the ZOPA backers I say well done for starting it up in the first place; the world is undoubtedly a better place for it and good luck with its further development, and your eventual reward if you can capitalise on it.
PS
At what point will ZOPA feel its name is no longer descriptive of its activities? Perhaps 'Zero Option Protected Account' could be quietly substituted?
