After the emergency economic stimulus law has been passed earlier this year, we are anxiously awaiting the promised payout. While intended to be spent to help bring the “lagging” economy back on its feet, I’d rather go spent it in the stock market.
Markets are down, quite a few stocks are cheap (undervalued as the technical term goes) and it might make a nice return by the end of the year that currently no other investment vehicle can provide (savings account, CDs, etc…) Maybe….
To find out when you are due for your payout, check out the IRS payment schedule, that is based on the last two digits of your social security number…. The higher your last two digits, the later you are going to get your check.