So Where Did The Stimulus Checks Money Go?

fmdog44

fmdog44

Well-known Member
Location
Houston, Texas
08/18/2020: According to CNBC at 4 PM CST on the show Fast Money 70% went to investing in equities. That is good to know instead of hearing the majority of it went to buying junk.
 

Mine is out there somewhere.

I hope that it's doing some good.

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fmdog44 said:
08/18/2020: According to CNBC at 4 PM CST on the show Fast Money 70% went to investing in equities. That is good to know instead of hearing the majority of it went to buying junk.
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From my point of view? Investing it doesn't stimulate the economy. Spending it does stimulate the economy. That's the idea behind it. When rich people hoard their money it's bad for the economy. When poor people hoard their money it's worse. It was designed for the short term.
 
Mine went to a couple of unexpected bills, We needed a new dehumidifier for the basement and a couple of small medical bills. I do have a tiny stash for when,if ever, we go to the casino. I could go now but would be uncomfortable playing with a mask on.
I don't need to play the slots that bad.
 
Ours went toward our bathroom remodel, which is almost finished.
We spent it all and then some. Spread the money around for supplies and fixtures. It's already improved our lives and will make it easier for us to remain independent longer.
 

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