Financial planners weigh in on investing your stimulus check

Stimulus check spending
Stimulus check spending(anyone)
Updated: Dec. 30, 2020 at 10:49 PM CST
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SHREVEPORT, La. (KSLA) — Many Americans are desperately in need of the $600 stimulus check due to the pandemic.

For those who are not using their money for necessities, some say this is a great time to invest the funds. This could include: stocks, bonds or even bitcoin.

Tommy Williams, founder of Williams Financial Advisors, recommends investing the money in an investment account.

“If you’re a long-term investor and you’re trying to build retirement or a nest egg, then a mutual fund,” Williams said. “The pandemic has also taken a toll on people’s mental health, so it’s not bad if you buy yourself something nice.”

He recommends only using a certified financial adviser for guidance on this issue.

Several people say they are disappointed in Congress only giving $600 per person instead of Democrats’ and President Trump’s push for $2,000 each.

“I wish they wouldn’t send all that money overseas and give more to the American people,” Donna Redwine said.

Click here to learn more about ways to spend your stimulus check.

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