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re: Amazon Stock
Posted on 7/10/18 at 4:04 pm to VinegarStrokes
Posted on 7/10/18 at 4:04 pm to VinegarStrokes
I am no expert - but I do live in Seattle and it's incredible how much they've grown over the last few years. I considered getting in at $900 but chickened out only to get in a bit later at $1370.
I'm holding long term. Amazon has re-defined how consumers shop and continues broadening their services. How much would you pay for Amazon Prime? They just raised the rates recently and I didn't bat an eye. I'd probably pay $200/year for the convenience Amazon offers me - though that's probably because Seattle is ground zero for all the newest services.
Amazon has a ton of ideas in the hopper right now currently in development. I don't see any reason why they won't continue innovating. Maybe sell a few shares to diversify, but I would not advise dumping them all, tempting as that may be.
I'm holding long term. Amazon has re-defined how consumers shop and continues broadening their services. How much would you pay for Amazon Prime? They just raised the rates recently and I didn't bat an eye. I'd probably pay $200/year for the convenience Amazon offers me - though that's probably because Seattle is ground zero for all the newest services.
Amazon has a ton of ideas in the hopper right now currently in development. I don't see any reason why they won't continue innovating. Maybe sell a few shares to diversify, but I would not advise dumping them all, tempting as that may be.
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