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I am sure you have heard it, but the House has put together a bi-partisan plan to provide tax rebates to stimulate the economy. That means the recession is over. Or does it?
The details are basically this, you may receive a tax rebate check from $300 to $1,200 (what I have heard was the max) and that is supposed to get you to spend more money and keep the economy from tanking. Yeah, that’ll be enough to get me to buy that Hummer I always wanted.
Let me make a suggestion, which you can take or leave, but take the money and invest it instead, and I mean throw it into something that will have the potential for great returns, what have you got to lose? Put the money at risk because you wouldn’t have had it anyway.
You think I am nuts? If you take this money and invest it and the market tanks more, you only lose that money and you continue your life as it ways before you ever received the check. However, if you invest that money reap great returns, the money will multiply over time, becoming an even greater "stimulus" later. Your chances are better now that the markets have been beat up for a while, so much so that virtually the only way for the markets to move is up.
So, if and when you get that check, fight the urge to spend it and go out and invest it instead.
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