Joe Biden’s stimulus bill includes a new check for $ 1,400.
ALI AL-SAADI / Getty Images
Last week Joe biden presented its Rescue Plan for the United States, a financial aid package from $ 1.9 trillion designed to help those battling the pandemic of COVID-19.
Biden’s plan includes a weekly increase of $ 400 dollars to federal unemployment benefits through September, $ 350,000 million in assistance to state and local governments, and tens of billions in additional funding for coronavirus vaccine distribution, research and testing.
The stimulus bill includes a check for $ 1,400 for those who are eligible. This is in addition to the $ 600 stimulus payment that was approved in December, bringing the total payment of both bills to $ 2,000 per person.
For some people $ 1,400 dollars of the stimulus check money will be used to pay rent, mortgages, utility bills or to buy food, however, for others who have a sizeable emergency fund and have not been seriously impacted by the COVID-19, a stimulus check from $ 1,400 can be used in the stock market.
If you are in this group there are three actions that you could acquire and that have the potential to double your $ 1,400 stimulus check in less than ten years.
The first recommendation is the social media company Pinterest, which has not shown any negative effect in the face of the COVID-19 pandemic. The company has increased its active users by 37 percent, reaching 442 million. During the third quarter of 2020, the company’s shares had an average price of $ 3.85 dollars.
Pinterest reported $ 1.1 billion in sales in 2019, and Wall Street believes the company could reach $ 4 billion in revenue by 2023. A $ 1,400 bet on Pinterest could go a long way for investors who are patient.
Another of the stocks that offer growth potential is the Vertex Pharmaceuticals company. When there is great volatility, putting some of the money to work in the pharmaceutical industry can be a smart move, according to The Motley Fool site.
The last treatment the company performed was Trikafta, a three-drug therapy that was approved by the United States Food and Drug Administration (FDA) that improved the percentage of forced expiratory volume in patients with cystic fibrosis, a genetic disease that It has no cure but whose patients have a better quality of life when receiving genetic treatments.
Trikafta estimated at $ 6 billion in annual sales so it is a good bet for your investment.
Related: $ 1,400 stimulus check, family tax credits, and $ 400 unemployment: this is Joe Biden’s economic stimulus project.
Okta is a specialized cybersecurity company that offers the opportunity to duplicate the future stimulus check of $ 1,400 dollars.
Now the presence of cybersecurity companies is more and more common and Okta offers to verify the identity of its clients. Most of the revenue comes from subscriptions. Specialists estimate that this company’s sales could quadruple over the next four years.
You may be interested: