A new survey shows that the number of people using their stimulus checks to invest has risen significantly since last year, as the pandemic relief money gets redirected into day trading for such meme stocks as AMC Entertainment Holdings Inc. and GameStop Corp.
In March 2020, a survey showed that 9% of stimulus recipients planned to put at least some of their money into investments, Reuters reports. That figure jumped to 46% when Betterment.com conducted a survey in late April 2021.
Although 58%…Stimmies prove to be just the ticket for AMC meme traders
A new survey shows that the number of people using their stimulus checks to invest has risen significantly since last year, as the pandemic relief money gets redirected into day trading for such meme stocks as AMC Entertainment Holdings Inc. and GameStop Corp.
In March 2020, a survey showed that 9% of stimulus recipients planned to put at least some of their money into investments, Reuters reports. That figure jumped to 46% when Betterment.com conducted a survey in late April 2021.
Although 58%…