08-27-2024, 08:27 PM
(08-27-2024, 11:17 AM)MrFortune Wrote: I'm thinking of dumping AMZN after 21 years of holding it an average price of $2.80It has basically matched the S&P 500 for the last 5 years at around 90% growth. While you could have done better with your money elsewhere over these last 5 years, I don't think that's the makeup of a problem child. Here's worse:
It has done nothing in 5 years while the rest of the tech names are hitting new highs.
DIS - Down 32%
PFE - Down 11%
VZ - Down 27%
T - Down 25%
SBUX - Up just 2%
WEC - Down 2%
XEL - Down 4%
But yeah, if you have a ton of it, by all means distribute some to better names.
My stock buying rules are pretty simple:
Growth - has to have beat the S&P 500 over the last 5 years, so for right now, that would be about 100% growth
Income - has to beat bank interest with relatively stable share price, so for right now, that would be 5%+ yield
There's a hypothetical grey area for something with around say 50% growth over the past 5 years and a 4% yield, but I haven't found one like that.