The Anonymous Widower

Why A Zopa Investment Is Like A Salary!

I have been investing in peer-topeer lender Zopa since 2008 and it has been very useful to me.

I wrote Managing Zopa As A High-Interest, Almost Instant-Access Deposit Account over three years ago, and a lot of what I said then still applies.

This graph from Zopa, which shows my cashflow from Zopa for October, explains why it is possible.

Note how people tend to choose to pay their loans on the first and twenty-sixth of the month.

This means that if you have Zopa’s Autolend feature turned off and budget your finance, you have a chance, at the end of each month to give your bank account a top up.

What helps, is that, the two credit cards I use have payment dates around the twelve of the month.

At present too, it seems that about four percent of the money you have invested in Zopa is churned through every month, so is available for repatriation if required.

October 2, 2017 - Posted by | Finance |

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