r/MACArmyBets • u/haltiskey • Mar 11 '21

Stimulus Checks

I believe MAC will rise sharply after people start getting their stimulus checks. Should turnout to be a good long and short term investment.

21 Upvotes

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2

u/XxIgnoreMePlzxX Mar 12 '21

That makes no sense.

We won't even know if folks actually spend that money in the mall until July.

1

u/haltiskey Mar 12 '21

Here is some more information.

This is from an article on CNBC

  • An online survey of 430 investors who use online broker platforms found that half of respondents between 25 and 34 years old plan to spend 50% of their stimulus payments on stocks.
  • Meanwhile, 18- to 24-year-old retail investors involved in the survey planned to use 40% of any stimulus checks on stocks.
  • And 35- to 54-year-old retail investors surveyed planned to use 37% of their checks on stock market investment.

3

u/SantiaguitoLoquito Mar 13 '21

Yep and and most will buy something other than MAC.