I'll think of a good title later

I smell. Quite badly sometimes.

Up until a few weeks ago I used to use one of many bog standard antiperspirants & was finding that they really didn't work for me anymore, mornings would be fine, but by the afternoon I was ponging. Fortunately, I could credibly blame my customers, but I knew where it was coming from so I started looking into more powerful alternatives.

Through this research I was quite shocked to find out what antiperspirant actually is. According to my can it is specifically: Butane, Isobutane, Propane, Cyclomethicone, Aluminium Chlorohydrate, Parfum, Disteardimonium Hectorite, Dimethiconol, modified corn starch, Mannitol, BHT, Citric Acid, Sodium Ascorbate, Calcium Disodium EDTA, Silica, Aqua, Propylene Carbonate, Alpha-Isomethyl Ionone, Benzyl Alcohol, Benzyl Benzoate, Benzyl Salicylate, Butylphenyl Methylpropional, Citral Citroneliol, Coumarin, Eugenol, Geraniol, Hydroxyisoheyl 3-Cyclohexene Carboxaldehyde, Limonene, Linalool.

My spell check & I haven't the faintest idea what most of these ingredients are. Yet in a classic case of complacency I have been bathing myself in this concoction for years. I'd never put any thought into what this cocktail actually does. Turns out the major active ingredient is the Aluminium Chlorohydrate which reacts with electrolytes in your sweat to form a gel which clogs up your pores so that you physically can't sweat.

But thinking about it, sweating is a Good Thing™. It is a natural process that cools the body when necessary & disposes of waste that builds up in your system.

I am now using a roll on deodourant made up of: Propylene Glycol, Purified Water (I know what that is!), Sodium Stearate, Stabilised Aloe Vera Gel, fragrance & Triclosan.

The amount that I don't understand about this new product is considerably less than the amount I don't understand about the old one.

Plus as a bonus I don't smell so bad anymore.

In June this year I signed up to Zopa as a lender after readng about it on one of those personal finance blogs. Zopa stands for Zone Of Possible Agreement. Zopa is an online marketplace (NOT a bank) that puts people who want to lend money in touch with people who want to borrow money.

How does it work?

You deposit your cash into an account & set the rate that you want to lend at. You can do this in several different markets. Each market is divided by credit worthiness - A* at the top down to C, plus a special market for young people who don't have much of a credit history. There are 2 markets for each category split by the length of the loan - 36 & 60 months.

Zopa does all the identity checking, credit checking & risk assessment for you.

There is also a section called the 'Listings' where people get to pitch their loan request to you 'Dragon's Den' style. I'm sure there are some valid loans listed but being the cautious fellow that I am I stayed well away from them. Apart from reading a few for entertainment purposes. Posts in the user forums tend to validate my decision.

Each individual loan is spread across loads of borrowers. By default the amount you lend to an individual is £10. So if an individual defaults on a loan the most you will lose on that loan is £10. This is a great way of spreading the risk. Historically Zopa has very low default rates, & is very open & up front with all its data.

What's in it for the lender?

Interest rates on savings accounts are currently very low. I've got my money in one of the highest rate accounts which is set at 4.35% AER. However, banks lend the exact same money (The banks also lend money created out of thin air, but that's another kettle of fish entirely) at 10%+. The idea is that by cutting out the middle man you can enjoy the fruits of the spectacularly high interest rates that have made bankers rich.

What's in it for the borrower

Individuals have less overheads than banks (or is it that they are just less greedy?) so borrowers also often get a better deal than they would at a bank especially if they have a good credit rating.

What's in it for Zopa?

At the time of writing Zopa charge the borrower £118.50 per loan, & charge the lender 1% of the amount loaned out.

Pitfalls for the lender

Zopa is very good at being up front about the whole process, but I'm going to spell them out a little more directly.

Your money is not held by Zopa the company. Unlike a regular bank account your money is physically lent out to the borrower. So you have to wait for your money to be repaid to you before you can use it again. Therefore it will take a minimum of 3 years to get all of your money back. If you set up auto lending (where money that is paid back is automatically loaned out again) you won't get anything back until you turn it off again!

Zopa is not a savings account. Your money is physically lent out to the borrower. They might not pay it back. Zopa employ a debt collection agency on your behalf but even so, it is theoretically possible for someone to take out a loan & not pay a penny back & you will lose the lot (& pay tax on your loss).

Zopa's historical default rate is very low, the risk is spread very well & the bad debt rates are clearly shown & factored in for you when you set your rates. A lender needs to bear in mind though that collectively Zopa administers millions of pounds worth of loans to many thousands of people. If one borrower defaults then the effect on Zopa's overall default rate will be a fraction of a percent. But if you only lend £10, your personal bad debt rate could potentially be 100%. Statistically the more loans you make the more insignificant bad debt will become, so those who can only afford to put in a little bit of money are risking more than those who can offer a lot of money.

I consider lending money to be like investing. I consider investing to be a fancy name for gambling. Don't lend/invest/bet money that you can't afford to lose.

Make sure you factor in the 1% lending fee. If you set your loan rate to 8% you'll get a return of 7% (assuming no one defaults).

You will have to pay tax on the interest by completing a tax return.

Your money is NOT covered by the Financial Services Compensation Scheme (where savings are covered by the UK government up to £50,000 per person per institution). Again, your money is not held in an account, it is physically lent out to the borrower.

If you are considering lending money, Zopa is not for you if:

• You can't afford to lose your money


• You can't wait a minimum of 3 years to get your money back


• You don't understand what AER means


• You don't know how to complete a tax return

I've not borrowed any money from Zopa so I can't comment on the borrowing process.



So that's all the bad stuff out the way...

The good stuff

You can make a lot of money. This is obviously the main reason why anyone lends money & the major selling point of Zopa. Originally I put in £200 & I made more in 3 months than my savings account which had over £10,000 made in the same period. In total I have lent out £800 which would see a return of approx £50 each year (if I had chosen to keep lending it out).

It's fun. There is something very satisfying watching the money roll in (although you do have to be patient).

It's personal. It is satisfying to bypass the banks & take the money for yourself & help a real person at the same time.

It's really easy. Zopa does all the hard work for you & presents everything very clearly.

So why am I stopping?

In three years time I think I might actually be in a position to buy a house! I will then be needing every penny I've got directly in my hands.

On a lesser note I have found Zopa to be too addictive, I log on most days to check statements even though the process is totally automated & there is nothing I can do because all my money has been loaned out. I now want to get all of my money back into my savings account so I can close my Zopa account & not spend so much time looking at all the numbers.

If you want to have a go, please consider signing up using my Affiliate link, if you do I will get a little bit of money if you take out a loan or lend out £2000 or more. If you don't, here's a clean link.

JJJJJEEEEEEEEENNNNNNNNNSSSSSSSSSSSSSSOOOOOOOOOOOOOONNNNNNNNNNNNNNNNNN!!!!!!!!!!!!

That is all.


Well, not really.

What an awesome race. There was some truly heart stopping overtaking from Sebastian Vettel, Lewis Hamilton & in particular Jensen Button. All three really suffered during qualifying & pushed as hard as possible throughout the race to compensate.

Nicky & I were both shouting out loud at the commentary team who with 11 laps still to go kept saying things like, "Jensen only needs to finish & he will be world champion." The curse of Murray Walker applies to all commentators, not just Murray Walker.

I felt very sorry for Mark Webber who drove a flawless race & won by a huge margin, but hardly anyone was there to cheer as he lifted his winning trophy (kudos for awarding a Bat'leth made out of recycled bottletops), he deserved a lot better than that. Red Bull would be stupid to let either of their drivers go for next season.

I've always enjoyed going out for walks, but recently I've taken to going out with no destination, I keep walking until I get tired then I make my way back. This tactic has seen me disappear for many hours at a time & seen me cover lots of miles. Sadly though because of my near legendary sense of direction everyone always assumes I've got lost.

I left Nicky indoors reading this afternoon & disappeared. I came across a herd of deer which I watched for a while, I found another llama, found a fantastic reed type plant with orange & yellow flowers, I was passed by a convoy of (real) minis, one of which was a jacked up mini monster truck type thingummy.

I really should get into the habit of taking a camera.

After zero investment (I just used what I would have normally thrown away) & no skill or expertise what so ever, I now have an orchard.

I now make a habit of collecting various seeds & just sticking them in the ground. I always thought that gardening was really difficult & I am really amazed at how things just grow.

I'm not sure where all these trees will end up as they get bigger but I think a bit of guerrilla gardening might be in order.

Also the MyOpera photo albums are ace!