I’m a 23 year old recent college grad and in short, I have no debt, and minimal expenses due to managing money during college and then moving home with my parents. They do not claim me as a dependent, so I will qualify for the $1,200 stimulus check. I do not have any investments (job doesn’t offer 401k sadly) but I was planning on starting this year.Receiving $1,200 for essentially doing nothing feels odd and I’m aware this money is taxed and meant to stimulate spending and boost the economy. But I’m wondering if I should just invest this money since prices are dropping. This just makes more sense to me than spending it on some dumb material purchase, and with few expenses, I want to make it count.I should note I am VERY new to this and joined this thread to browse and do some research. Any advice on specific types of investments or brokerage firms is helpful.TLDR; I qualify for the $1,200 US federal stimulus package, what should I do with it?
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