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Amazon1/7/2023 So you’ll want to consider how it fits in with your other holdings and your plans. What other investments do you have? Chances are AMZN isn’t going to be your only investment.It puts your money to work and growing in the stock market as soon as possible, instead of forcing you to wait while you build up a specific sum. This latter method, called dollar cost averaging, may help you pay less per share on average over time. What’s your investing strategy? People generally invest one of two ways: With a lump sum purchase or in smaller, steady amounts over time.If you’re saving for a more general goal, like wealth building or a home down payment, you may simply want a taxable investment account that allows you to access your money at any time with no penalties. Withdrawals made for other uses or at other times may incur taxes or penalties. It lets you avoid capital gains taxes in exchange for limits on how and when you can use the funds. ![]() If you’re aiming to save for retirement, choose an individual retirement account ( IRA). You’ll also want to think about your goals for investing to figure out what kind of account you want. Most brokerages these days allow for fee-free stock trading, but make sure to keep an eye out for any fees and account minimums. If you don’t have one already, check out our list of the best brokerages and best investment apps to jumpstart your search. To buy Amazon stock, you’ll need an online brokerage account. If those numbers have you eager to hitch your wagon to Amazon, here’s what you need to know. At the time of the stock’s last all-time high in November 2021, shares of AMZN had gained more than 250% over five years. ![]() Over the last five years, Amazon’s share price is up almost 125%-and that’s after the big stock market downturn of 2022. AMZN has over 200 million Prime members worldwide, and it reported $117 billion in revenue for the first quarter of 2022. (AMZN) has grown from a humble bookseller that Jeff Bezos started in his garage to the biggest e-commerce company on earth, complete with web services and advertising business verticals.
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