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Here's What Happens When You Invest Your Tax Refund

The Motley Fool

16, 2024, the IRS had issued 20,883,000 tax refunds totaling $66.980 billion. These refunds are for taxes overpaid in 2023. RELATED: The Ascent's Complete Guide to Taxes Read more: we researched free tax software and put together a list of the best options here That is a lot of money to get in a lump sum. 10 $8,318.13

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The Best Stocks to Invest $1,000 In Right Now

The Motley Fool

For some, $1,000 might not seem like enough money to invest to get a great return in the stock market. But if you have a long enough investment time horizon and pick the right investment, $1,000 could eventually grow into $1 million. Should you invest $1,000 in The Trade Desk right now? Image source: Getty Images.

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Getting a Tax Refund This Year? 5 Smart Ways to Use the Money

The Motley Fool

16, the average tax refund so far is $3,207. RELATED: Best Tax Software Read more: we researched free tax software and put together a list of the best options here Here are a few ideas for what to do with your tax refund this year. Consider investing it in a brokerage account , be it taxable or retirement (like an IRA).

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Is Your Health Insurance Deductible Too High for an HSA? Here's What to Do

The Motley Fool

Image source: Getty Images Getting a health savings account (HSA) is one of the best ways to pay for healthcare and invest for your future, while increasing your tax deductions. That means my family doesn't get to pay for healthcare costs with tax-deductible dollars in 2024.

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7 Reasons Buying $1,000 of This 7.8%-Yielding Dividend Stock Could Be a Brilliant Move

The Motley Fool

If you had invested $10,000 in Enterprise Products Partners (NYSE: EPD) three years ago, your investment would have grown to close to $15,400 today. That's a return most investors would likely love to get over such a short period. Without the distributions, your initial $10,000 investment would be worth only around $12,300.

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This High-Yield Dividend Stock Is a Monster Passive Income Machine

The Motley Fool

First, you need up-front money to invest. Second, you need an investment that regularly pays you. The good news is that many investment alternatives pay you for owning them. The LP has delivered an average return on invested capital (ROIC) of 12% over the last 10 years. What does it take to generate passive income?

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Want Safe Income? This Stock Raised Its Dividend in the Last 8 Recessions

The Motley Fool

Invest long enough and you'll experience the stock market's ups and downs. For long-term investors, finding quality companies you can invest in through the good and bad times is important to building wealth. ITW Return on Invested Capital data by YCharts. ITW Cash and Short-Term Investments (Quarterly) data by YCharts.