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Discussion Starter · #7 ·
Warcat-
I have a financial planner that manages my portfolio and trust.
What I post on here is just what I trade in my spare time. I am no financial guru and many here are more knowledgeable than me, but I do beat the market averages soundly.
How much have I made on Amazon? I've made a ton but I'm sure others have made more than me!

I like the Robinhood App. 100% Free trades. You can get the app on your phone. It'll take you less than 5 minutes to set up. You connect to your financial institution and fund that way.
It takes around 3 days to fund, then you're in business.
I also use Scottrade. After the initial funding which also takes around 3 days, the funding is immediate with wire transfers.

As for research I use cnnmoney, yahoo finance, zacks.com, and others.

Finally- about how to get into Amazon- I buy on most every dip and sometimes without a dip. Amazon is here to stay and will only grow long term. The sooner I buy more the better.
 

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I have a good chunk of change sitting in a regular savings account from my home sale earlier this year. I'm really considering dumping it all into Amazon and letting it ride long term.
 

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Well, I got in at 669.45 today... As much as I love Amazon and as fairly new as it is to the masses, I'm hoping this is a solid investment!
 

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Discussion Starter · #11 ·
You did just fine bro. Do not sell it. You've already made $10 per share and there is no slowing Amazon. I'm still buying on the dips all the time, and wait until the numbers are out for Christmas sales this year.
 

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Discussion Starter · #12 ·
to clarify- I'm not suggesting selling after holiday sales numbers are released. I'm saying this is a stock you should keep for a very long time.
 

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Yeah, I'm not selling it for the foreseeable future... Amazon is right up there with my favorite purchasing experiences anywhere... and I only see it getting better.

It's been eye opening to see the kind of money that can be made in a single day playing the stock markets. I'm sure the bad days are very bad, but the good days are pretty dang good. I made more today in stock earnings than I did at my professional job of 18 years. Obviously, no money is realized until the stock is sold... but it's pretty exciting to see the increases on the screen. I can totally see why people do the day trading thing.
 

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So if you buy low, sell high, how do you get the profit in your bank account?
I'm on Scott Trade... not pulling any money out, but it looks like I can pull the account whenever I want via a wire transfer for $25 or by requesting a check for free. I can also open a banking account with them, then transfer between banks to my current bank account. From what I'm reading, if I hold a stock for over 1 year, then sell it, it is federally taxed as a capital gain... which is a 15% flat tax. If I sell it within the same year as I bought it, it becomes taxable income federally taxed at my income tax rate. No taxes are paid until the year it is sold.
 

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On a tear!
Up $40 per share today!

Still down from my purchase price, but I'm confident investors will hop onboard with today's earnings statement coming after the market closes.

If anyone wants to get in on Amazon, today would be a good day... before 3:00 pm!
 

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I think there may be safer ways to make money in this market. It has been hard to find a good safe investment but the risk is less with some market pullback.
 
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