The Anonymous Widower

Getting Out of Zopa

I’ve got about £50,000 of my money invested in Zopa.  Most of it came from the sale of C’s Porsche Boxster, an upfront pension payment and lots of small payments when I’ve found that I’ve some money to spare. I’m now moving house and might need some money to buy bits of furniture, as not everything I’ve got here will fit.

I could use Zopa‘s standard method of getting out called Rapid Return, which I discussed here, but why should I give others the benefit of my good payers?

So out of curiosity I added up how much money was returned to me in the thirty days of November! It was £2,600.  My statistics don’t tell me at present how many loans were repaid early in that time, so I can’t be sure if I’ll get this figure back each month.

But it does illustrate that if you want to invest a sum for say three years or longer, then Zopa might be a place to consider! Provided of course that you understand fully what you are doing!

By any measure, though I’m getting more than I would if I’d invested it with any of the reputable wunch of bankers!  Here‘s what Lloyds TSB offer.

The other problem with a bank, is that doing business with them isn’t any fun at all. With Zopa you can play the rates to lend your money for either more interest or better clients.

December 5, 2010 - Posted by AnonW | Finance | Banks, Zopa