The Anonymous Widower

Zopa Rates Around the Election

Let’s assume that this election without a full outcome has put a lot of instability into the money markets.  According to all the commentators it should.  But then those traders in the City are in business to make money in the short-term and not place money for the greater good in the long-term.

So is there a real measure of what real people think about finance?

I lend money on Zopa, which is a peer-to-peer lending site. I’m not interested in short-term gains, but sensible and safe long-term growth.  I get about 5.5% before tax taking everything into account.  It’s also fun and a bit like gambling without the risk.

So how has Zopa performed over the last few weeks? And specifically what have their rates done?

Zopa Rates 2010 – 11th May 2010

If you look at the rates, the pattern appears to be very similar to the last few months.  There has been a slight upward trend of rates, with a squiggle around the turn of the month.  The latter is because most Zopa loans pay around the beginning of the month and this affects the rate as most investors reinvest their returned payments.

So does this mean that most Zopa users have just been carrying on as normal and letting the lunatics in Westminster and the City get on with their high-profile nonsense?

I shall report on this in about seven days time, as I think it will still be nice and stable despite the politics.

May 10, 2010 - Posted by AnonW | Business, Finance | Banks, General Election 2010, Zopa