Why I Just Bought More Amazon Stock
Shares of Amazon (NASDAQ: AMZN) are up more than 70% this year, and it seems like the stock market is setting all-time highs almost every day. So why, given such a big run-up, why would I be adding to my Amazon stock right now? I'm glad you asked.
It has nothing to do with Amazon being one of the so-called "stay-at-home" stocks growing during the pandemic. This investment is about years, not quarters. It's about building a bigger stake in a company with brilliant leadership that has positioned itself perfectly in markets that were growing fast before we'd ever heard of social distancing. Here are the main reasons I just bought more Amazon stock.
Source Fool.com