After occupying a spot on my watch list for a long time, I finally bought shares of Amazon (NASDAQ: AMZN). This isn't the first time I've owned Amazon; I originally bought the stock about a decade ago and sold it for a significant profit about five years ago.

I certainly left some gains on the table -- the stock continued to climb through the pandemic in 2020 -- and I won't lie and pretend I wasn't kicking myself a bit during 2020 and 2021 as the stock essentially doubled again. But you can never regret booking a profit.

Now, after a decline of 50% this year, Amazon shares are not only trading right at their 52-week low, they also have essentially given back all of the gains that they made over the past two years and are trading at pre-pandemic levels. So the opportunity to add this juggernaut back into my portfolio at this level was too tempting to pass up.

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Source Fool.com