My blushing bride of 36 years and I just received another stimulus check. $2800, which was more than our first($2,500) was.

So I'm thinking, "I just gotta text my neighbor" on our windfall!!!

He, a well known owner/operator of a busybusy construction company in the Greater Cleveland area texted back, "we (his family) got $8,000.

What a time to be alive!!!

I just bought new grips and a "re-grip kit" and was gonna, over the next few, re-grip my steel shaft golf clubs. Now I'm thinking, "heck, I should just buy a new set".

I missed getting this one by $777 dollars. This said, I'm glad those that needed it more than I got something.

I got mine and split it three ways... 33.3% to the mortgage principal, 33.3% into my Roth IRA, and 33.3% into cryptocurrency.
It was nice to get. Thankfully I didn’t ‘need’ it. I know for many that’s not the case.

haven't gotten one yet but just funded my wife and my Roth IRA... right before the market dip...

I'm sure it'll go up over the next 20 years but I did have to laugh that we immediately lost a couple hundred

That’s why you should dollar cost average into the market. Not put chunks into play all at once.

Me too.

I am glad it looks like most in here didn't need the Christmas money and were able to go out and fund things other than food and such.

Let's be real here, is $1400 really going to help those really hurt? I don't think so. I am not saying it doesn't help to some degree, but tomorrow those people are going to wake up in the same bed.

I would have rather seen all the money go to those who really need it, but then at would never pass unless enough people got their pacifier money.

Don't get me wrong. If I was given $1400, I would take it too. I am not trying to shame anybody. Heck, why not? It's about time we got something. You are the ones paying for it. Might as well get a rebate...for now.

We took $3000 of the $4200 and used it as a down payment for my daughter’s first car, a 2021 Kia Forte GT, she’s happy.

A new car?!
My first was a rusted out ‘77 Toyota Corolla SR5 Liftback. It was 1988. I paid $700 for it after saving every penny I made washing dishes at a local eatery... for $2 an hour cash.
I didn’t have my first new car until I was 30. A 2002 Nissan Frontier 4x4. Which I still own.

Good for you for being in a place to make this happen for you kid. Good for her for having a reliable ride. Hopefully she takes good care of it and appreciates how lucky she is.

actually statistically it's better to dump in than dollar cost average, particularly for long term investments... by the way my Roth is up over my initial investment only took 2 days to get back up...

$1400 is nice and I won't turn it down if I get it, but i don't need it... but I'm not going to pretend that there aren't families out there that $1400 could make a huge difference...

I know of families who have had to choose between paying their rent or buying food... that $1400 could make a big difference for them...

https://www.forbes.com/sites/robertberge...sh=526c158f7c50

It's pretty close but lump dumping is favored over dollar cost averaging... it does hurt when you dump a lump and it drops immediately... but long term time in the market favors timing the market...

I’ve caught a lot of heat at work, lol. She is a great kid, responsible, great student (1st in her sophomore class), reliable, no bad habits, and I’ll say it again a GREAT kid. We can afford it, so no big deal. Shouldn’t have to worry about her car for years.

I've always adhered to/followed, for years, "The Rule of 72 and the Magic of Compound Interest".

The rule of 72....at what return rate does it take an investment to double.

Mutual funds, 401Ks, savings accounts etc.

Invest $1.....

.. at a 1% annual return? 72÷1= 72 years.

.. at a 2% annual return? 72÷2= 36 years.

.. at a 4% annual return? 72÷4= 18 years.

.. at an 8% annual return? 72÷8 = 9 years.

..at a 10% annual return? 72÷10 = 7.2 years.

..at an 18% annual return? 72÷18= 4 years.

..at a 24% annual return? 72÷24= 3 years.

..etc, etc, etc.

For the long haul it worked for my blushing bride of 36+ years and I.

https://en.wikipedia.org/wiki/Rule_of_72

if you find some good places to get a 24% return let me know