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I don't buy individual stocks (aside from AAPL) nor do I short the market or do anything fancy. I'm an index and mutual fund investor, so my 'holdings' in AMZN are through the funds I own.
I bought 1 share at market open today ($3104)...but threw it in my wife's retirement account. She can take the risk. It's moving up so far.
I think you will make some money (and then some) if you plan to hold it for several years or even a decade or more. If you only want to hold for a couple weeks or months (bad idea), it could be a different story.
I think you will make some money (and then some) if you plan to hold it for several years or even a decade or more. If you only want to hold for a couple weeks or months (bad idea), it could be a different story.
The chances that the single share of AMZN is still in her account in a decade are about as good as the chances that I'm going get hit by a bus today, while crossing my street. It could happen. But it's just not very likely.
But I'll let it sit there for a while and we'll see what happens.
I think you will make some money (and then some) if you plan to hold it for several years or even a decade or more. If you only want to hold for a couple weeks or months (bad idea), it could be a different story.
You can pretty much say this about any/every stock on the planet. Guessing short-term fluctuations is no more than gambling unless you have insider information.
You can pretty much say this about any/every stock on the planet. Guessing short-term fluctuations is no more than gambling unless you have insider information.
Agree 100%. Buying quality stocks after a sell off is the only way to hit the multiple bagger home runs. You can't hit it out of the park if you're bunting every time you're at the plate.
I started buying AMZN a couple of years ago around the time a since-departed poster announced that she had sold her entire position at around $1800 because she felt it couldn't go any higher. It did but has been stuck in this $3000-$3350 range ever since breaking $3000 the first time. It usually follows these flat periods with a strong run up to the next level. Maybe this time is different.
I started buying AMZN a couple of years ago around the time a since-departed poster announced that she had sold her entire position at around $1800 because she felt it couldn't go any higher. It did but has been stuck in this $3000-$3350 range ever since breaking $3000 the first time. It usually follows these flat periods with a strong run up to the next level. Maybe this time is different.
If you look at the charts it usually moves up this time of year. It has done this year after year.
You ate not buying a stock, you are buying a company. How do you feel about the growth of the company? I am a long term holder of Amzn.
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Guessing short-term fluctuations is no more than gambling unless you have insider information.
