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April of 2020, some taxpayers received stimulus checks due to the rise of unemployment caused by COVID-19. Checks sent by the government was worth $1,200 for each individual in April and $600 late in December. Many payed bills, old debts, toilet paper, bought hair, Chick-fil-A, clothes, and groceries. But what if you invested that $1,200 in the Stock Market instead.
PLUG POWER
Let's say you did your research and assumed electrical vehicles and high powered batteries will be the future of our world. The Plug Power (PLUG) stock was about $4 a share last April when you received your stimulus check of $1,200. Let's say you used your entire stimulus and purchased 300 shares of PLUG stock for $1,200. As of January 26, 2021, the stock price reached $73. That means your investment would've given you $21,900. Buy assets first and have those assets take care of your liabilities.
NIO
If you thought Tesla was too high there was other EV stocks available looking to take over their countries. NIO is a famous electric vehicle in China ready to make huge moves. Last April around the time we received stimulus checks, the stock price was about $3. Again, let's use your entire stimulus to buy 400 shares which will cost $1,200. As of February 9th, 2021 the stock reached $63. If you're patient, your account would go from $1,200 to $25,200.
OCUGEN
If you missed out on April's investment that's fine because we received a second stimulus in December for $600. Ocugen (OCGN) is a biopharmaceutical company that mainly focuses on treating blindness diseases. When you received your stimulus check in late December, Ocugen was about $2. So what if you bought 300 shares of Ocugen for $600 and on February 8th the stock reached $16? Less than two months you would've had $4,800 in your portfolio.
BOTTOM LINE
It's your money and you need it now! There's no issue with buying whatever you want with your stimulus checks like groceries, hair products, weed, clothes, and debt. If you need more funds than what was given, strategies to maximize your stimulus are available and the stock market is one of them. Simply research companies that has a low stock price and if you agree with the nature of the business then invest. The idea is to buy & hold stocks at it's lowest point between a penny up to $50 to maximize potential. There's been reports the next stimulus will be $1,400 per individual. Invest wisely and earn more of a return than a freaking savings account. It's all about the Benjamins (passive income).
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