Wanting to buy Amazon - Questions

1. Can't tell without seeing your entire portfolio, income, age etc.

2. Nobody knows the answer to this.

3. If you are buying , just put a simple Market or Limit. Stop orders aren't really necessary for simple buys.

Market will buy it at the next available price during market hours (i.e. immediately). Market orders guarantee execution.

Limit means you are willing to by at X price or better. You have to provide what the "X price is. Better means lower when buying, and higher when selling. Since the price has to be at your X price or better, there is no guarantee your order will execute.

4. Good for day means I want my order open for today only, if the order cannot be filled today then cancel. Market orders can only be done Good For day. You can also do a limit order GFD, but if not filled by market close your order expires.

GTC means keep my order open for 60 days. This can be used for limit orders. Since limit orders do not guarantee that your order is executed, it may take days or weeks for it to hit your X price. It may never hit your X price.

What’s your goal with the purchase? Short term, long term? Amazon has always been a good investment and a big player in large cap funds. I’m personally a big believer in spreading out your risk and reward over the broader market. My advice would be buy more into your index funds. If you wanted to buy amazon as a short term buy to ride the stock up from the dip your a little late. If it’s a long term investment you can’t beat the risk mitigation of an index fund versus a single stock. What if amazon got labeled as a monopoly in the future and broken up? How much are you looking to invest?