Thankfully, my wife and I filed jointly this year, and because I only received a partial bonus due to weak business unit performance in a stale market last year, I slipped under the cap by a couple thousand. I bought another Bushnell XRS II, then split the remainder into my son’s ESA and my IRA.
I love the idea of stimulating the economy with these payments - a true capitalist sentiment if there ever was one - as money is sure to burn a hole in the recipient’s pocket if you light it on fire before injecting it. But I couldn’t help myself but try to capitalize on the macro market opportunity rather than simply in consumer goods - we finally had a break in the record high markets to bring a bit better clarity to investing choices. I wasn’t shorting in a rather bullish market, but I wound up holding water for a lot longer than I would have liked. So with prices depressed, we’re back in business, which should buoy our economy back to the “new normal” faster.
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