Smart Way to Spend Your Stimulus Checkadmin
You may be wondering how to best use the $1,400 payment you may have received as a result of the latest round of stimulus relief. One thing may folks will be doing with their stimulus money is investing it! A recent survey shows that retail investors on average plan to put 37% of their stimulus into stocks. For those investors ages 25-34, the intended share is close to half. Data from the Census Bureau show that of all Americans that received a payment, 15% were putting at least some into savings or investments. One of the best ways to build wealth is by investing. Investing allows you to put your money into accounts that have the potential to bring you a strong return. If you don’t invest, you are missing out on opportunities to increase your financial worth. There is the downside that you have the potential to lose your money in investments, however, if you invest wisely, the potential to gain money is significantly higher than if you never invest. When it comes to investing you don't just have to invest in stocks. You can invest in real estate either through owning your own home, purchasing a home as a rental or vacation property or purchase an investment building. When you invest in real estate, you are putting some of your money into the equity of the property, which is like a forced savings account that can bring you a strong return down the road. Plus, with homes expected to appreciate by 6% in 2021 you could be looking at an amazing return on your investment! Have questions about investing in real estate? Reach out to us by email or give us a call at anytime.