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Went on all In on AMZN 4yrs ago.

11,217 690 January 31, 2018 at 08:17 AM
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I'm a pretty avid investor.. and I used to flip and move positions around regularly. Sometimes to hard to manage and watch daily.. so some time ago I picked just two companies I felt strong with. Now I still do check daily.. But I went all in, non-diversified etc.. with BAC and AMZN. All personal and entire IRA (which is just a play IRA to be honest went into 2 positions), People said I was pretty much insane for being so undiversified. Banks I knew would be a slow but sure rebound. I've always been a believe in Amazon's fundamentals.

I went back today and had to look for one of my earlier investment into AMZN and this definitely isn't' the earliest but all were somewhat close in price during the time period.

AMZN, Price 357.8499, Settlement Date 02/14/2014. Today's value $1460.60. 4yr return = +408%.

To get a little more insance.. is that my personal account has is a margin account. So I had a little more than 2x vested in Amazon as I did capital.

At this point.. I'm just ecstatic.. But now I'm finally looking to sell as it's just so high and earning are released tomorrow. I hate this part of stocks so much. You cash out and if it goes down you cheer.. if it skyrockets you want to band your head against the wall. Maybe it's time to sell half? ohh.. I hate this!!

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#2
OR you cash out and uncle sam jams it up your butt in taxes
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#3
Cool story bro.
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#4
I'd say you didn't "win" so much as get lucky. Not lucky in the sense of random chance, but lucky in the sense that everything lined up just right for you. Those were two reasonable picks you made, backed with sound logic, but you took on massive amounts of risk. Enjoy your results, but now take your profits and make a sensible move with your portfolio.

You can keep going all-in with a pair of aces all night and you will eventually lose badly.
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#5
Quote from dukeblue219
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I'd say you didn't "win" so much as get lucky. Not lucky in the sense of random chance, but lucky in the sense that everything lined up just right for you. Those were two reasonable picks you made, backed with sound logic, but you took on massive amounts of risk. Enjoy your results, but now take your profits and make a sensible move with your portfolio.

You can keep going all-in with a pair of aces all night and you will eventually lose badly.
I sorta did get lucky to extent.. but I picked both positions for very specific reasons. For once I decided I wanted to go long vs. keep flipping positions around and looked at long term value. Now Amazon they really pulled some things out I wasn't expecting. I was somewhat banking on AWS and then Data Mining to ramp up Amazon sales. But they went wayy beyond. They're more comparable to Google now then say a B&M retail store.

I won't be doing this twice.. although I did ride Apple for a while for bailed at one point. I still personally can't see the extreme value of their business model. Been waiting a couple year now for them to go falling down the drain.

I always seem to do well on tech stocks. Netflix (early) which I actually took real beating on for a good half year, Apple, FB, Google (which I actually people to buy before it went public). btw.. my profession is very tied to emerging technologies.

Anyways.. I feel it's probably time to cash out. There's an estimated +/-6% spread for the earning calls tomorrow.. . I did really well.. It just can't climb forever.. eventually it has to pull back. I'll probably cash out tomorrow and hope it goes down.. so I can buy back at a discount!!

I'm still staring at ROKU.. short term investors flooded it too way above what's it's worth. Shoulda bought it early..

I suppose time to diversify and spread thing around a little. It was a good run though.
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#6
Got you beat, went all in on Ethereum when it was 20 dollars earlier last year =)
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#7
I also have an Amazon position but honestly my Ultra Dow position has done better in the last 4 years.
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#8
It's never a bad idea to take some profits off the table, but Amazon is going to keep going up for years to come. If you cash out, it wouldn't be a bad idea to buy back in after the inevitable correction imho.
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Quote from ManUpOrShutUp
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It's never a bad idea to take some profits off the table, but Amazon is going to keep going up for years to come. If you cash out, it wouldn't be a bad idea to buy back in after the inevitable correction imho.
which is actually what I'll probably do.. Waiting for a correction to occur. To be completely honest.. I got stock holding. I had full intentions of selling today but it never went negative 15 min after market open (even though the whole market was up). So later in the day near close, it took a dive. It went down -4% which was close to the max loss w/ mediocre earnings. So I held knowing people were probably profit taking. Anyways.. earning were stellar and after hours hit a little above 52wk high. Regardless I'm going to try and get out w/in the next week. The correction is inevitable.. I'll buy back in at some point as I think they have massive potential. The company has so much going on these days though it's hard to analyze (starting to feel like Google, who actually missed earning estimates today).
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#10
you should have bought bitcoin no taxes and huge return
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you should have bought bitcoin no taxes and huge return
No taxes? That is 100% false.

What you mean to say is that the information is not necessarily shared with the IRS so they may not know about it, but gains you make with Bitcoin are absolutely taxable. Should you get audited one day they'll want to know where those large deposits to your bank account came from....
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Quote from dukeblue219
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No taxes? That is 100% false.

What you mean to say is that the information is not necessarily shared with the IRS so they may not know about it, but gains you make with Bitcoin are absolutely taxable. Should you get audited one day they'll want to know where those large deposits to your bank account came from....
Exactly, never try to hold out on paying taxes, its one of those things where you pay now or you will pay more later
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Quote from phillint
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you should have bought bitcoin no taxes and huge return
What? You still pay capital gains like on any other asset class you buy and sell. Also, contrary to popular misconception that bitcoin is anonymous, one of the big selling points of bitcoin is that there is a complete and detailed paper trail of all transactions forever. That's blockchain for you.
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