Amazon Is A Good Pick

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Amazon Is A Good Pick

Amazon (Amzn) Is A Good Pick This Year?

Is Amazon (AMZN) the ideal stock to buy and hold for long-term wealth building? Amazon is one of those stocks that has a very diversified business.

They are in the AI, e-commerce, cloud computing, and tons of other stuff! So, it's safe to say that Amazon's business is very diversified. That's why just buying Amazon (AMZN) isn't wrong at all and is just like holding a diversified portfolio.

Aws Remains A Robust Business

The highlight is AWS, or Amazon Web Services. It started as a platform for cloud computing and is now offering high-speed databases, AI services, and much more.

In just 2024, the net sales from AWS were $108 billion, which is more than the economy of many countries. Also, the operating profits from AWS were $39.8 billion, which is a record in itself.

In addition to being prosperous and successful, the business has demonstrated a talent for adjusting to the constantly shifting needs of the market. I believe that any long-term investment portfolio should include Amazon's stock.

With that said, it simply wouldn't be my sole stock purchase. Furthermore, I don't think that now would be the ideal time to invest heavily in Amazon.

The economy appears unstable and uncertain, which could prepare Amazon owners for a harsh price adjustment similar to the one that occurred in 2022.

But if you really want to buy Amazon, then start with a slow and steady approach. You should use the DCA method to take multiple positions instead of one big position.

This way, you will get exposure to Amazon and also get the best price possible instead of entering at a particular price point.

If you really had to pick just one tech stock, then the obvious choice would be Amazon. They have positioned themselves ideally for the AI era & are already getting their share of the pie.

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