BOSTON ( TheStreet) -- If you're receiving a tax refund this year, congratulations! You just gave the U.S. government a generous interest-free loan over the past year while missing out on gains of 75% or more in stocks such as Netflix (NFLX) and Caterpillar (CAT).With so much money about to be repaid to workers, investment advisors are right to note the stock-market returns that Americans could have enjoyed if their withholdings had been different. According to the Internal Revenue Service, more than 82 million tax returns were filed by March 25. Almost 70 million were due refunds, with the average refund checking in at $2,952. That means the IRS has already committed to paying out more than $206 billion, and the government still expects to receive another 59 million returns before the April 18 filing deadline. (The deadline is usually April 15.)
Fund Managers Tell Where to Invest Your Tax Refund
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.