2 Stocks That Could Double Your $1,200 Stimulus Check
In the age of COVID-19, social distancing measures have become the norm rather than the exception. As a result, many businesses are now struggling to stay afloat, and unemployment has soared. Fortunately, the U.S. government decided to step in, and on March 27, President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law. The CARES Act set aside $250 billion to expand unemployment insurance and $500 billion in assistance to industries that are most vulnerable to the economic impacts of the ongoing outbreak.
The CARES Act will also provide most adult taxpayers in the U.S. with a check of up to $1,200. While many will use this cash to pay bills or make ends meet, others may well decide to set that money aside for investment purposes. If you are in the latter group, here are two stocks which, given enough time, could turn your $1,200 stimulus check into twice that amount.
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Source Fool.com
