3 High-Quality Stocks to Buy With Your Stimulus Check
There is no question this is a tough time for a lot of Americans. A number have suddenly lost their jobs. Many are in lockdown-style conditions to prevent the spread of the COVID-19 coronavirus, and some are even sick with the disease.
But there is some good news, at least on the financial front. To cope with economic hardship during the coronavirus crisis, the federal government is looking at potentially sending some money to Americans. One proposal would send most American adults checks for $1,200, with an additional $500 for each child. The direct payments would phase out for individuals making more than $75,000, while individuals earning more than $99,000 or families earning more than $198,000 would not be eligible. Additional checks may also go out if the crisis persists into April and May.
If you're wondering if you should buy stocks with your newfound windfall, you should first make sure your emergency fund is fully stocked, especially as we head into a likely recession. Before buying new stocks, it's also a good idea to pay down any high-interest debt like credit cards.
Source Fool.com
