Plan to Invest Your Stimulus Check? Ask Yourself These 3 Questions First.
COVID-19 has been wreaking havoc on the U.S. economy since March, and with countless businesses shuttered and millions of employees out of work, it was clear that the government needed to step in and help. Thankfully, a $2 trillion economic stimulus package was approved in late March that calls for, among other provisions, a $1,200 lump sum payment for qualifying adults, plus another $500 for qualifying dependent children.
If you're expecting a stimulus check in the near future, you may be contemplating the idea of investing that cash. And that's certainly not a bad thing to do. But before you go that route, be sure to ask yourself these important questions.
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Source Fool.com
