I live in a heavily locked down democrat state, I have used all the stimulus money I received to just pay bills and kept The money I earned in savings. I don’t trust my governor to not screw me over anymore, so at the moment I’m cutting back a nonessential spending.
Don't bother with savings bro, buy stocks. Large Caps can't lose right now, the system is incredibly rigged in their favor
IBM, Google, Amazon, whatever you can get your hands on, it's going to go up a lot more than whatever the bank is paying you in interest, which won't even keep up with inflation. With Fed Funds rate at 0% there's literally no reason to pay you anything more than .05%
Not really a "stimulus" if you can't use it to "stimulate" the economy
I live in a heavily locked down democrat state, I have used all the stimulus money I received to just pay bills and kept The money I earned in savings. I don’t trust my governor to not screw me over anymore, so at the moment I’m cutting back a nonessential spending.
Don't bother with savings bro, buy stocks. Large Caps can't lose right now, the system is incredibly rigged in their favor
IBM, Google, Amazon, whatever you can get your hands on, it's going to go up a lot more than whatever the bank is paying you in interest, which won't even keep up with inflation. With Fed Funds rate at 0% there's literally no reason to pay you anything more than .05%
Exactly what I was explaining to anyone who will listen. When government corruption runs rampant, whoever has the most chips makes the rules.
Edit: if you don't believe me, look at ehat happened with the gamestop trading freeze, or literally any big tech lawsuit.