Greg wrote:
I check this thread periodically.. Try not to get involved with the personal attacks which are quite silly..
All I'm concerned with is doing well on my investments. Bought Amazon and Apple 2 months ago when they were at their near peak and have lost roughly 10% of my portfolio since.
Had the urge to sell and minimize my losses but I'm not going to. I hope in spite of the virus and election uncertainty, these tech stocks will continue to thrive.
September and October have not been terribly inspiring. Just a decline followed by some minimal gains that do not bring me back to my initial priniciple.
Greg,
Amazon is the most expensive of the mega cap tech stocks. People assume the business that they are famous for (internet commerce) is the profit driver, which it is not. It is Amazon Web Services (AWS), which is a web-hosting cloud services. The AWS is business is slowing as a half a dozen major platers begin to take market share. Again, great company, but very expensive.
Igy