Young investors are putting stimulus checks into stocks and bitcoin

FUYANG, CHINA - MARCH 13, 2021 - A view of bitcoin, Fuyang City, Anhui Province, March 13, 2021.PHOTOGRAPH BY Costfoto / Barcroft Studios / Future Publishing (Photo credit should read Costfoto/Barcroft Media via Getty Images)

(Photo: Costfoto/Barcroft Media via Getty Images)

The everything rally of the last several months may be getting a lift from an unexpected source: federal stimulus money.

A new Yahoo Finance–Harris poll finds that 9% of people expecting to get a $1,400 stimulus check plan to invest some of the money in traditional assets such as stocks, while 7% plan to use the money to buy cryptocurrencies such as bitcoin.

Young investors are even more willing to gamble. Among 18- to 24-year-olds, 19% plan…


Source link

About search

Check Also

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

[unable to retrieve full-text content]European Stocks Drop With US Tech Rally Faltering: Markets Wrap  Yahoo Finance …

Leave a Reply

Your email address will not be published. Required fields are marked *