Here are some options of what I can do with the money:
- Cash it and put it in towards a credit card that is at 4.99%
- Cash it and add it to our emergency fund earning .50%
- Keep it at Scottrade and put it in a dividend paying stock such as JNJ or ADP which will get me nearly 4%.
- Keep it and try to search for a good growth stock. I actually did well in my last holding at Apple and made some good money after seeing the account dip down to about $500.