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The 10 Best Mutual Funds for Your Tax-Stimulus Payment

Funds with investment minimums below $1,200.

Mentioned: , , , , , , , , ,

Yes, there are more answers than  Vanguard STAR (VGSTX). Any search for low minimum funds has to have the cheap, superdiversified, low minimum option from Vanguard. But since you probably know about that one, I'm going to share 10 more with you.

Americans outside of the highest tax brackets are getting checks for $600-$1,200 in their mailboxes and bank accounts thanks to Uncle Sam. (Click here to check eligibility with the IRS.) So, I'm here to help you figure out what to do with them.

It seems funny to me that the economic mess was caused by individuals, companies, and hedge funds taking on way too much debt, so our solution is for the government to go into more debt and cut everyone a check. I'm very much in the same camp as my colleague Christine Benz who last week advised readers to pay off debt with the money.

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Russel Kinnel has a position in the following securities mentioned above: OAKLX, AWSHX. Find out about Morningstar’s editorial policies.