Now that April 15th has passed, you may be wondering what to do with the tax refund you received this year. If you are among the 64 million that will get money back from taxes, here are 5 great ways to make your tax refund work for you!

Any Shakespeare fan who has read King Lear, knows that this king was not a wise man. In fact, he often had to look to his fool in order to make the wise choice. Shakespeare loved having characters switch, such as in Much Ado About Nothing. King Lear was no different as he switched roles for the King and fool in King Lear.

Know your investment choices prior to investing in a mix of stocks, bonds, and cash. Study the typical feature or trait of these three major types of assets. Bonds are usually less volatile than stocks but give more modest returns. The reduced risk of holding bonds compared to stocks would draw more attention to investors regardless of their lower potential for growth. Although there are also types of bonds that provide high returns very much alike to stocks but these bonds, aka as high-yield bonds (junk), could also bring higher risks.