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Originally Posted by packs
I don't know if I understand how stimulus checks are related. Personally, I've received less than $2,000 the entire pandemic. I don't see how that would open a door for me to buy a 20K card.
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Quote:
Originally Posted by jayshum
I agree. People who can afford to pay 5 and 6 figures for cards are probably not doing it with stimulus money.
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I don't think it impacts those cards, but it is enough to turn a $75 card into a $315 card, as another thread here was discussing. And if someone had spent their first check in the stock market when they got it, they could have enough to pick up a four-figure card, or get a good start on a five-figure one. With the tear the market has been on, someone could have relatively easily turned their stimulus check into a much bigger sum; QQQ was at $180 in March, and it closed today at $322. VOO bottomed out at $200 back then and closed at $355 today.