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Zopa ?

 
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Falstaff



Joined: 27 May 2009
Posts: 1014

PostPosted: Wed Jun 24, 15 10:25 pm    Post subject: Zopa ?  Reply with quote    

Has anyone tried this ?

https://www.zopa.com/lending/how-lending-money-works

I know some of you do a similar sort of thing in 3rd world countries - but I'm an Attorney under an EPA and have a duty to "do my best" to preserve capital.

So I'mwondering about shoving a few tens of k's into some of this ?

dpack



Joined: 02 Jul 2005
Posts: 33026
Location: yes
PostPosted: Thu Jun 25, 15 10:34 am    Post subject: Reply with quote    

how regulated is it?

if it went hooves up can you justify losing it?

is buy to let an option?as that way you have a physical asset as well as an income which seems a decent idea considering the empires old clothes that the banks are wearing

both gold and silver have dropped from their peak a few years ago but seem to be stabilizing and if things look iffy in the world banking system the price will rise considerably again, a tangible asset that one can bury rather than trusting a banker to retain value in numbers on a spreadsheet.

other small valuable things include some of the rarer stones which are best if bought unmounted,good quality or as preloved jewellry at auctions(this requires knowledge or trusting a dealer)

my choice was keep and refurbish to let which so far has increased the asset by twice the cost of refurbishment and earns around 6% of its value net after costs(again trusting a good letting agent takes the strain out of dealing with tennants)

vegplot



Joined: 19 Apr 2007
Posts: 21297
Location: Ynys Môn
PostPosted: Thu Jun 25, 15 10:48 am    Post subject: Reply with quote    

Classic motorcycles are the 'in' investment. Considered to be much safer than gold and the returns are potentially significant. Need a broker though to get the best return.

Hairyloon



Joined: 20 Nov 2008
Posts: 14824
Location: Today I are mostly being in Yorkshire.
PostPosted: Thu Jun 25, 15 11:37 am    Post subject: Reply with quote    

dpack wrote:
how regulated is it?

It should be covered by much the same regulation as the banks and other money lenders.

Whatever else, it looks to be a good idea: if this company does not do it well, then there is a gap in the market for one that does.

sally_in_wales
Downsizer Moderator


Joined: 06 Mar 2005
Posts: 20809
Location: sunny wales
PostPosted: Thu Jun 25, 15 1:42 pm    Post subject: Reply with quote    

vegplot wrote:
Classic motorcycles are the 'in' investment. Considered to be much safer than gold and the returns are potentially significant. Need a broker though to get the best return.


bit harder to keep in a sock under the bed than gold though...

sean
Downsizer Moderator


Joined: 28 Oct 2004
Posts: 41722
Location: North Devon
PostPosted: Thu Jun 25, 15 1:44 pm    Post subject: Reply with quote    

There's that amazingly tall bed at Cathryn's. Maybe it's where she keeps her classic motorbikes.

sally_in_wales
Downsizer Moderator


Joined: 06 Mar 2005
Posts: 20809
Location: sunny wales
PostPosted: Thu Jun 25, 15 1:51 pm    Post subject: Reply with quote    

sean wrote:
There's that amazingly tall bed at Cathryn's. Maybe it's where she keeps her classic motorbikes.



vegplot



Joined: 19 Apr 2007
Posts: 21297
Location: Ynys Môn
PostPosted: Thu Jun 25, 15 2:55 pm    Post subject: Reply with quote    

I keep mine in the living room.

sally_in_wales
Downsizer Moderator


Joined: 06 Mar 2005
Posts: 20809
Location: sunny wales
PostPosted: Thu Jun 25, 15 4:21 pm    Post subject: Reply with quote    

please, nobody tell Gareth he's 'supposed' to have a classic bike for investment purposes.

dpack



Joined: 02 Jul 2005
Posts: 33026
Location: yes
PostPosted: Thu Jun 25, 15 5:00 pm    Post subject: Reply with quote    

get one in bits,mend it over 5 yrs ,sell it unused ,get another

or get an a350 fill it with fuel and make some noise

Falstaff



Joined: 27 May 2009
Posts: 1014

PostPosted: Mon Jun 29, 15 12:18 am    Post subject: Reply with quote    

Here's one I Don't like the look of !

https://www.wellesley.co.uk/invest-now/wellesley-mini-bond/

Falstaff



Joined: 27 May 2009
Posts: 1014

PostPosted: Mon Jul 13, 15 11:09 am    Post subject: Reply with quote    

dpack wrote:


.........is buy to let an option?as that way you have a physical asset as well as an income which seems a decent idea considering the empires old clothes that the banks are wearing.........


..............my choice was keep and refurbish to let which so far has increased the asset by twice the cost of refurbishment and earns around 6% of its value net after costs(again trusting a good letting agent takes the strain out of dealing with tennants)........


No - I got out of "Buy to let" thoughts some years ago - when the writing was scribbled on the wall wrt HMO's and Local Authority "Registrations" becoming a cash cow for Town Halls !

In fact I believe the mass exodus from "Buy to lets" will inevitably push the prices of certain types of property way down, as besieged Landlords try to "get out With something left "

An unlikely source for the Death knell maybe - but one the Greens should approve of !

http://www.theguardian.com/money/blog/2015/jul/11/buy-to-let-landlords-george-osborne-tenants

Mistress Rose



Joined: 21 Jul 2011
Posts: 8910

PostPosted: Tue Jul 14, 15 6:49 am    Post subject: Reply with quote    

Looking at the other part of that report, I think there is going to be a crisis among the self employed with a number of them forced to go back to unemployment as they just can't hang on any longer.

dpack



Joined: 02 Jul 2005
Posts: 33026
Location: yes
PostPosted: Tue Jul 14, 15 1:24 pm    Post subject: Reply with quote    

the investor security "page not found" might put me off

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