Millennials Boost Wealth With Tax Refund Investment
A Rubicoin analysis shows investing the average $3000 tax refund into Amazon Apple and Netflix over ten years would grow a $30000 seed to about $220000. Authors urge using refunds to pay debts or seed long term wealth, noting discipline beats impulse.
$3,000 Strategy Turns Millennial Tax Refunds Into Big Gains
Rubicoin analyzed a plan where Millennials received $3,000 from tax refunds and invested $1,000 into each of three FAANG stocks on the first day refunds were issued. From 2009 through this tax season the approach yielded about $190,000 in profit as Amazon Apple Netflix led gains. The piece notes Millennials face high student debt and disrupted careers, complicating their ability to invest at scale.
MENTIONED IN THIS ARTICLE
IRS
Amazon
Apple
Netflix
Rubicoin
Facebook
Google
Alphabet
Millennials could invest $1,000 tax refund for long term gains
Survey of 1,000 Millennials shows 66 percent will use refunds to pay debt, 37 percent to reward themselves. A scenario re‑runs by Rubicoin assumes investing $1,000 annually for 10 years, growing an initial 10,000 to about 73,000, while experts urge caution against crypto and suggest diversified low‑cost funds for retirement goals.
MENTIONED IN THIS ARTICLE
Jackson Hewitt
USA Today
Rubicoin
Andrea Coombes
NerdWallet
Coombes
Wise use of tax refunds boosts long term savings
Mark Steber of Jackson Hewitt says a large tax refund pays off if directed into savings or investments. Using the refund to fund a traditional IRA by the 2018 deadline and Roth IRAs can grow tax free, with Millennials urged to begin investing despite market noise.
MENTIONED IN THIS ARTICLE
Mark Steber
Jersey City
Steber
Roth
Rubicoin
Savage
Elon Musk and the risk of a John DeLorean fate
The automotive world recalls John DeLorean as Tesla faces production delays for the Model 3. Moody’s downgraded Tesla’s bond outlook as production struggles persist. Analysts note cash burn and heavy spending on manufacturing while rivals like GM, Hyundai, and Jaguar push ahead with electric models and longer ranges.
MENTIONED IN THIS ARTICLE
John DeLorean
DeLorean
Tesla
Will Tesla
Elon Musk
Musk
DeLorean Motor Co
Moody’s
Dave Sullivan
Sanford Bernstein
General Motors
Hyundai
Jaguar
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Adam Shell
Emmet Savage
TOS
USA
StubHub Jae Yang
Karl Gelles