moneytopia.uk

Why Moneytopia

Moneytopia is a play on words and derives from utopia which means an ideal and perfect place or state, where everyone lives in harmony and everything is for the best. Moneytopia, like utopia is derived from Greek "topos" meaning "place". So this is a "Money Place".

What is Moneytopia

Moneytopia is a place where useful links to money related sites can be found plus the occasional financial information. The links include sites for loans.

For example, there is a website that brings together lenders and borrowers without the need for a traditional bank or credit union. Zopa works by lenders offering money as loans with an interest rate set by the lender. Borrowers take up these offers. Usually, the longer the loan the higher the interest rate. By having very low overheads, the lenders get a higher rate of interest than depositing their money in a bank and the lenders get a cheaper loan than if they went to a more traditional lender.

In early December 2008, a typical lender would get a return on their loan of around 9% at a time when they would be lucky to get 4.5% from a building society account. In the same month, a borrower with a very good credit rating would pay around 7.2% for their loan and a young person without a credit history could pay as little as 12.7% for their loan - which is a good deal cheaper than many credit cards with an APR in excess of 20%!

Thinking of investing in shares? See our comments on investing in shares for some of the pitfalls.

Thinking of investing in investment funds? You may wish to use the Sharpe Ratio to compare fund performance.

Thinking of using an investment manager (e.g. unit trusts)? You may want to look at the Bertrand Ballot Theorem which gives the probability that your chosen manage was just plain lucky.

Need some moneysaving tips during the 2008 to 2010 recession? Try our moneysaving tips page.

In times of turmoil - political or financial - some investors look to commodities for a home for their money. We are used to the phrases "Like money in the bank" or "As safe as houses". Given events of the past year, with banks collapsing and house prices falling by around 15%, these two phrases no longer seem to hit the mark! These days, the one word that signifies safety is, once again "gold", being far safer than both cash and houses. See our comments on investing in gold for some of the risks and rewards.

Quantitative Easing (considered by some to be akin to the bad practice of printing of money) started on Wednesday 11th March 2009 and is known as QE day. For details of what Quantitative Easing means, see our Quantitative Easing page.

Still depressed about the 2009 recession? Smile with us with some humorous financial terms explained.

What Moneytopia is NOT

moneytopia.uk is not a game

Moneytopia has nothing to do with the online game called Moneytopia. FINRA created the Moneytopia game with members of the US military and their spouses in mind - although suitable for all. It takes a long time to load the game, but if you are interested in it, follow

moneytopia.uk is not related to UK companies of a similar name

As of November 2008 there are two companies listed at companies house with moneytopia in their name. They are:

MONEYTOPIA LIMITED
KINGSTON HOUSE 
CENTRE 27 BUSINESS PARK 
WOODHEAD ROAD BIRSTALL 
BATLEY WEST YORKSHIRE 
WF17 9TD 
Company No. 00652955

and

MONEYTOPIA BANK LIMITED
KINGSTON HOUSE 
CENTRE 27 BUSINESS PARK 
WOODHEAD ROAD BIRSTALL BATLEY 
WEST YORKSHIRE 
WF17 9TD 
Company No. 00215285

For further information about these "moneytopia" companies,

1. go to
2. type moneytopia in the field named "Company Name:"
3. click the "search" button
4. when the list appears, click on the moneytopia company you are interested in

moneytopia.org.uk and moneytopia.uk are not related to moneytopia.org, moneytopia.info or moneytopia.biz

As of November 2008, moneytopia.org, moneytopia.info and moneytopia.biz were registered to FINRA of Rockville, Maryland, United States. Moneytopia.org.uk has no connection with FINRA and has no intention of having any dealing with FINRA.

Contacting moneytopia.org.uk

If you are interested in buying the moneytopia.org.uk domain, e-mail us at

Footnote about Utopia

Utopia is the title of a philosophical treatise by English writer and statesman Sir Thomas More (1516). It contrasts the moral decadence and disunity of contemporary Christian Europe with the tolerance and prosperity of More's imaginary ideal state of Utopia, which is run on secular, communist principles. More coined the state's name from the Greek words ou "not" and topos "place", literally meaning "non-existent place".