The stimulus package, aimed at reducing the financial stress caused by the COVID-19 pandemic, will issue $1,200 “economic impact payments” to all eligible individuals, or $2,400 for eligible married couples. Recent market volatility has made for some good investment opportunities — but only if you don’t need the funds elsewhere during the pandemic.
“Take the bulk of your stimulus check and invest in broader markets,” says Anderson Lafontant, senior advisor of advanced planning at Miracle Mile Advisors. “Given that equities have pulled back from their highs and there will likely be downside, this will probably present some great entry points into stocks. Think about investing in ultra-low-cost index funds both in the U.S. and internationally.”
Read the full article: Coronavirus stimulus checks arriving — should you use it to pay off debt? (Fox Business)
