You can add buy an additional $27 worth of crypto every week to safely invest your $1400 stimulus check over the next year!
This is just a reminder that you don't have to yolo all of your stimulus right when you get it. By dollar cost averaging, you protect yourself against the potential short term volatility of the cryptocurrency market. If you are like me, and are uncertain about the state of the market at the current moment, this post is for you.
Prior to the pandemic, I was investing $20 into bitcoin and $10 into ethereum on a weekly basis. Each time I received a stimulus package, I calculated how much I would need to add to my recurring investments to spread the stimulus over a year.
This comes out to about $27 a week ($1400 / 52 weeks) if you were to spend the entire stimulus package on crypto alone.