3 Growth Stocks to Buy With Your Stimulus Check
The point of the stimulus checks being distributed right now is to provide some financial relief to Americans who are struggling with the economic impact of the COVID-19 pandemic. But if you're fortunate to have adequate cash to get through this time, you might look at the windfall as an opportunity to start investing in individual stocks or to add to your existing portfolio.
Eligible adults are receiving $1,200 from the government, and that's plenty to pick up some shares of solid growth stocks through an online broker that won't charge you commissions. Three high-quality stocks that should have years of growth ahead of them are Nike (NYSE: NKE), Zoetis (NYSE: ZTS), and PayPal Holdings (NASDAQ: PYPL).
Keep in mind that we're in uncertain times when it comes to the economy, and growth stock investing isn't about making a quick buck. Nobody knows where the market is going in the short term, and it wouldn't be surprising to see panic hit again before the crisis is over. But as long as you don't need this money in the next few years, look at these investments as seeds that are planted to come to fruition in the future, and add to the positions as you're able.
Source Fool.com
