#1sal on 01.22.08 at 2:58 pm
too bad after inflation that $500 will be worth ~$489 in REAL dollars
#2Kevinon 01.22.08 at 3:04 pm
good point… I hope it is not the case… But my reasons for buying the CD are slightly different than “normal”… As the p2p lending blogger with the longest tenure in the blogosphere I needed to try the CD to maintain street cred. Now was better than tomorrow in that sense.
#3Lazy Man and Moneyon 01.22.08 at 3:19 pm
As you said, “I am still not sure why a CD is p2p lending.” With that being the case, there’s no problem potential hard to your “street cred” if you ignored it.
#4LCon 01.22.08 at 6:59 pm
It sure does sound tempting recently, but it’s a little difficult for me to get excited about a 5.1% CD. (the drop in the market seems a little tempting actually (and obviously more exiting (i.e. dangerous)))
Let us know how your zopa “help” impacts your return there…
#5Kevinon 01.22.08 at 7:43 pm
I agree the Stock market is going to get very tempting soon… I think there is a little more downside, but soon enough my money will be going to stocks. However, this is not a blog about stocks.
The help is figured into the 5.1%. If I chose to help others or help my person more my return would have been reduced.
#6Personal Loan Portfolioon 01.22.08 at 11:22 pm
I agree that Zopa is not peer lending anything like Lending Club or Prosper. However, if your purchase of a 12 month CD at 5.1% goes through, you got a fantastic deal today.
I do not plan on trying it Zopa. Same with Kiva (they weren’t even paying interest until recently), but I might try Kiva for fun.
#7OntheFenceon 01.23.08 at 6:54 am
I have to admit that Zopa now has an attractive market:
#8» Confirmed My 5.1% Zopa CDon 01.24.08 at 8:28 am
[…] Rate Ladder P2P Lending Blog, Strategy, Rate Analysis and Personal Finance « Fed Cuts Rate 75 Basis Points — I bought a Zopa US CD at 5.1% […]
#9Zopa CD Drops to 4.5% : Rate Ladderon 04.30.08 at 1:29 pm
[…] national cd rate at 5.1% after the federal reserve cut the fed funds rate by 75 basis points. RateLadder locked in the 5.1% rate with a 1 year $500 […]
#10Fed Cuts Interest Rates — Now is the Time to Buy a Zopa CD : Rate Ladderon 04.30.08 at 2:12 pm
[…] the regualr reads this may be a bit of a rehash (Fed Cuts Rate 75 Basis Points — I bought a Zopa US CD at 5.1%), but the fed cut rates again today… If you have been considering buying a CD now is the time […]
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