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Is it ethically "gray" to throw my stimulus check into the market?
Posted on 3/26/20 at 10:56 am
Posted on 3/26/20 at 10:56 am
We'll be getting a little bit of government cheese from this. Wouldn't they want us to put it in the market?
It is so ripe to make money right now (less so than 3-4 days ago, but still).
I'm expecting a slight draw down again, but then I think we're going to ascend for a while. Really want to throw everything liquid on it I can to ride that elevator up.
It is so ripe to make money right now (less so than 3-4 days ago, but still).
I'm expecting a slight draw down again, but then I think we're going to ascend for a while. Really want to throw everything liquid on it I can to ride that elevator up.
13
Posted on 3/26/20 at 11:00 am to TheCaterpillar
Who gives a shite what they want? I want them to do a lot of things too 
This post was edited on 3/26/20 at 11:00 am
Posted on 3/26/20 at 11:07 am to TheCaterpillar
I'm throwing my kids $500 into their 529s and the rest is going to the market
Posted on 3/26/20 at 11:07 am to TheCaterpillar
What does ethics have to do with what you do with the money???
Posted on 3/26/20 at 11:10 am to Jag_Warrior
quote:
What does ethics have to do with what you do with the money???
I don't know, my wife seems to think we should go spend it all at local small businesses.
I think I should turn it into more money.
Posted on 3/26/20 at 11:20 am to TheCaterpillar
If you turn $2400 into $5000, you will be able to stimulate the economy twice as much.
Think about it
Think about it
Posted on 3/26/20 at 11:22 am to TheCaterpillar
quote:
I don't know, my wife seems to think we should go spend it all
quote:
I think I should turn it into more money.
I've invested over $45,000 the last couple of weeks in my Vanguard account and 529 plan if it makes you feel any better. Don't get me wrong, people are hurting and you should support them if you can; however, you also have to look out after your own. I'm not too sure what you and your wife do, your family makeup, home ownership status, and so forth, but maybe throw a little to the local businesses (trust me, they need it), but the bulk should be used for investing and/or emergency fund.
This post was edited on 3/26/20 at 11:24 am
Posted on 3/26/20 at 11:30 am to GentleJackJones
Oh I bought a bunch of VFINX admiral shares, but I did it about a week too soon. Still, it'll be a great longterm thing.
I'm thinking about throwing my ~$1,500 of government cheese into a couple aggressive stock plays that could evaporate or double.
That's what I'm thinking
ETA:
JETS is going to make me so much money. Got it around 12.70 or something like that. UPRO is going to explode as well.
I'm so pumped I got in early on some stuff.
I'm thinking about throwing my ~$1,500 of government cheese into a couple aggressive stock plays that could evaporate or double.
That's what I'm thinking
ETA:
JETS is going to make me so much money. Got it around 12.70 or something like that. UPRO is going to explode as well.
I'm so pumped I got in early on some stuff.
This post was edited on 3/26/20 at 11:31 am
Posted on 3/26/20 at 11:31 am to TheCaterpillar
if i was getting one i would invest 100% of it. investment in companies helps them grow. contrary to what the democrats tell you. it is a positive for the economy
Posted on 3/26/20 at 12:32 pm to TheCaterpillar
That’s sort of the best case scenario for stimulus money. Your injecting it straight into a company in return for ownership.
Posted on 3/26/20 at 12:40 pm to TheCaterpillar
I'm gonna do exactly that FYI.
Posted on 3/26/20 at 1:15 pm to TheCaterpillar
My kids money will go to their 529s and mine will go in the market
Posted on 3/26/20 at 5:17 pm to TheCaterpillar
I would think putting the the money into the market is beneficial to the economy.
Posted on 3/26/20 at 6:13 pm to TheCaterpillar
Idk how some of you pussies survive every day. “Ethically gray”. I bet you reminded the teacher that homework was due when in high school
Posted on 3/26/20 at 6:30 pm to TheCaterpillar
Mines going in my savings until this all settles down. Second we have the all clear it’s gonna be invested.
Posted on 3/26/20 at 7:24 pm to TheCaterpillar
Why would it be wrong?
If you have savings you can spend the check on something other than immediate needs.
If you have savings you can spend the check on something other than immediate needs.
Posted on 3/26/20 at 10:19 pm to VAvolfan
quote:
Mines going in my savings until this all settles down. Second we have the all clear it’s gonna be invested.
I'm leaning that way too. It's really strange when half the country is saying "oh crap I'm about to lose my job" and the other half is saying "there's never been a better time to buy stocks!"
I just can't see those as compatible.
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