08-23-2021, 09:43 PM
Amazon perplexes me. In this amazing bull run since March of 2020, they have just been left out cold. They are actually -1.26% in the past year. Compare to Walmart (+14.56%) and Target (+64.79%). I *think* it's the case of them having been over-priced, and the rest of the retailers now catching up. And it's the same thing on the cloud side of things; they were first, but now Microsoft and Oracle are making strong plays. Ditto for the streaming service. Still, to be negative in such a year!
That said, they are a very creative company and I want to own Amazon because I don't want to be blind-sided when they make the next technological leap. However, since their stock price currently isn't growing and they don't offer a dividend, I had put it into next year's bucket list (along with Shopify, Ford, etc.). I just jumped the gun earlier when they dropped precipitously, hoping to "buy the dip". It didn't work out, but no biggie.
I do think many of the posters here have a different investing style from me. I'm more of a "try a bunch of things, discard those that don't work, and focus on those that do" investor.
That said, they are a very creative company and I want to own Amazon because I don't want to be blind-sided when they make the next technological leap. However, since their stock price currently isn't growing and they don't offer a dividend, I had put it into next year's bucket list (along with Shopify, Ford, etc.). I just jumped the gun earlier when they dropped precipitously, hoping to "buy the dip". It didn't work out, but no biggie.
I do think many of the posters here have a different investing style from me. I'm more of a "try a bunch of things, discard those that don't work, and focus on those that do" investor.