If you're one of the lucky few who are getting a tax refund, like myself, let's vow to NOT waste it this year. I've wasted it in the past and taken heat for it, but this year will be different.
The IRS is estimating that the average 2006 refund will be 2,548.00! Your mind is starting to turn with where that money could go...Big Screen TV, season tickets to (insert your own team), a dream vacation, etc. etc. WAIT!
Before you spend your refund on something that will depreciate in value, think about your future! Here are a few tips to help you stay on track:
-Invest it back into your portfolio
Putting your refund back into your portfolio can do a number of things. It gives you the chance to double or triple the original refund. Putting your refund into an IRA allows you write that off and save for next year.
-Pay down high-interest debt
Debt in the US is higher then we all like to realize, and your refund could help you out of that statistic column. Simply use your refund to pay off your debt that has the highest interest. It could be a major credit card, car payment, or even the big box credit card you used to remodel your kitchen and bathroom!
-Invest in trading tools
Millions of people a year invest in trading systems that claim to give them the world, yet never deliver...I'm as sick of it as you are. To be honest, we really don't want the world...What we really want are clear signals, easy to use/understand tools, live help, and a forum where we can talk to other members. This year take your refund to the next level...long term!
It will be nice to see a scan on Market club for stocks that are trading in a channel. i.e., sideway! Thanks Al
Dear Ali,
We are actually working on a unique scan that will let you search for a range of scores. This is will be helpful when you are looking for a list of stocks that are in a sideways motions, strong uptrend, etc. We hope to have this new scan up as soon as our tech team finishes. I am going to send you a couple of SmartScan breakdowns, but again we have a few new tool coming to MarketClub! Best wishes and I will be in touch soon. Thanks!
Lindsay