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Overdrafts. You're not going to better a 20% return anywhere else!
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My general advice would be to pay off any debts before investing, unless you're guaranteed to earn more through investing than you pay to have an overdraft. Does having an overdraft count against your credit rating? I don't know.
Nutmeg seems like a good shout for hand-off investing.
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Pay off the overdraft.
Nutmeg has a minimum investment level, think it's £100 a month (or could be £500 but that sounds a bit high, maybe £500 to open it).
Olly398
Drakien
aggi
@Chalfie
I got some ppi back.
I feel like daddy Warbucks with my £600.
As I'm reducing my hours at work, I won't have much spare cash if any to top up a monthly gamble.
Can /should I open nutmeg/money farm and trickle in 40 a month or throw it all somewhere like that or pay off two overdrafts that costs me 10 a month?