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about to put my entire life savings into amazon

Discussion in 'BlackHat Lounge' started by firstnamelastname, Jul 9, 2018.

  1. firstnamelastname

    firstnamelastname Regular Member

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    hi guys
    I am tired and sick of sitting on the sidelines and watching amazon go higher and higher. if you look at the chart of amzn, it was around $900 last july. now it's $1700. that's 75% up.

    I am not smart with my money. not that I waste it. I am actually pretty frugal. but i dont let my money grow. I just let it sit in a bank account and I get no interest. I talked to the guy at the bank and he said I can get 1.9% interest per year. I told him to stick it up his ass.

    I dont know enough about real estate to enter that field. people around me say buy a property and rent it. but I am not sure if I want to deal with the hassle. what if the asshole calls you at 11 pm because his shower is not getting hot? what if....? what if ....? you know? I have all these what if's in my mind. someone told me to buy commercial property, it's less of a hassle.

    should I take everything I've got and put it in amzn?
     
  2. discoxelik

    discoxelik Junior Member

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    save it thank me later
     
  3. Sristy

    Sristy Jr. VIP Jr. VIP Premium Member

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    Be cautious before you do that. With Dynamic tax policies coming up on imports, online sales might oscillate.
     
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  4. REDOnyx

    REDOnyx Registered Member

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    I dont know how much $ you're planning on throwing into amazon but if it is ALL of your money then its a bad idea. Im all for taking big risks but throwing all of your eggs into one basket is usually never a good idea. Even if the basket looks really nice.
     
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  5. Soucha

    Soucha Regular Member

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    There's going to be a lot of changes in trade policies coming up shortly.
    While obviously it could pay off, I don't seem to see it as a safe of a bet as you do.
     
  6. jeremiahseven

    jeremiahseven Junior Member

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    DON'T do that. Be wise ....Nothing in this world is meant to last forever. People come people go . Companies go up companies go down. You can invest in amazon that's upto you but to invest all your life's saving? that would be stupidity
     
  7. YoungArt

    YoungArt Power Member

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    Just buy Crypto Coins with your money and hodl ;)

    Thank me later!

     
  8. firstnamelastname

    firstnamelastname Regular Member

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    thanks guy,
    so what do I do? inflation is fucking my money.
     
  9. Postercamp

    Postercamp Power Member

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    Dont be greedy. Save half your money. And make a plan B or C. You will never know how things going
     
  10. REDOnyx

    REDOnyx Registered Member

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    You can invest in AMZN if you want, but dont invest ALL of your money.
     
    Last edited: Jul 9, 2018
  11. John4life2017

    John4life2017 Supreme Member

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    Do NOT put more than 50% of your savings.
     
  12. Meddie

    Meddie Jr. VIP Jr. VIP

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    Never invest all in the same shit. NEVER EVER! :)
     
  13. theRevolt

    theRevolt Jr. VIP Jr. VIP

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    Never a wise choice to put 100% of your money to invest. See it this way 1.9% for insured funds (most countries have such laws for banks) is the price you pay to get back 100% + 1.9% after a year, whereas with the stock market you could get back 0% (unlikely in this case, but you do get the point).

    You'd be better off finding a way to put that money to work with your own business etc. Good luck
     
  14. Asif WILSON Khan

    Asif WILSON Khan Executive VIP

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  15. Dung Nguyen

    Dung Nguyen Jr. VIP Jr. VIP

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    Its about the correct time, no one knows if jeff does the job good later
     
  16. MisterF

    MisterF Moderator Staff Member Moderator Jr. VIP

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    So you've put all your money in already ?
     
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  17. Shyam007

    Shyam007 Junior Member

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    Set aside at least 30% of your savings for contingencies.

    The remaining amount you should invest in at least 3 to 5 quality stocks.

    Also don't invest the entire amount in one go.

    Invest some amount every month.

    This way you can reduce the volatility risk of the markets.

    Over a period of time you would have a good portfolio of stocks without taking undue risks.
     
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  18. Dung Nguyen

    Dung Nguyen Jr. VIP Jr. VIP

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    Not all but amz is one of my top tier investment.
    Besides base on recently change, windows is a promise too
     
  19. ttmschine

    ttmschine Power Member

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    Invest in the UK company Hurricane Energy - you can thank me later.

    Currenty c. 55p per share - will revisit in a year or so to update on the price then.

    It willl be well over double that price.
     
    Last edited: Jul 9, 2018
  20. ilais

    ilais Regular Member

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    don't do it!!! oh my God^^ ( u reminded me of that vine)