3 Cheap Stocks to Buy With Your Tax Refund Check
The average tax refund in 2024 was $3,138, which was similar to the $3,167 it averaged the previous year. While tax refunds will vary depending on a person's individual financial situation, if you receive one, it can provide you with some extra cash you can put toward paying down debt, adding to savings, or perhaps even investing in stocks.If you're in a good-enough financial position where you can allocate some of your tax refund into stocks, there are many intriguing options that could pay off long term. Three stocks you may want to consider now are AbbVie (NYSE: ABBV), Alibaba Group (NYSE: BABA), and FedEx (NYSE: FDX). Here's why these stocks can be excellent options to add to your portfolio today.AbbVie is a top healthcare company with a market cap around $370 billion today. It has a diverse business with plentiful growth opportunities, and it also pays an attractive yield of 3.1% -- that's more than double the S&P 500 average of 1.3%. Continue reading
The average tax refund in 2024 was $3,138, which was similar to the $3,167 it averaged the previous year. While tax refunds will vary depending on a person's individual financial situation, if you receive one, it can provide you with some extra cash you can put toward paying down debt, adding to savings, or perhaps even investing in stocks.
If you're in a good-enough financial position where you can allocate some of your tax refund into stocks, there are many intriguing options that could pay off long term. Three stocks you may want to consider now are AbbVie (NYSE: ABBV), Alibaba Group (NYSE: BABA), and FedEx (NYSE: FDX). Here's why these stocks can be excellent options to add to your portfolio today.
AbbVie is a top healthcare company with a market cap around $370 billion today. It has a diverse business with plentiful growth opportunities, and it also pays an attractive yield of 3.1% -- that's more than double the S&P 500 average of 1.3%.
