Saving and investing have become a part of every working individual’s life. Thanks to the awareness among the masses, people have become more open to the idea of investing their money instead of saving it at home or in a bank. Having a safety net of savings and investments is very important in order to face an emergency situation. The recent pandemic has shown us how important saving your money is. If you want to be smart with your money, you should make your money work for you. Investing your money like making your money work for it to become more money, that is, for it to grow even more.
Investing in the share market is beneficial if you want to make your money grow well. Other investments like bonds and debentures are good too, but they are better suited for investors who are looking for stable returns. Buying stocks is for investors who have an appetite for risk and their ultimate goal is capital growth. There are many company stocks that don’t pay returns to their shareholders but the value of the shares keeps growing steadily. These stocks when sold in the open market will yield more money than what you had invested in them.
The stock market has been witness to the unprecedented growth of some stocks. Most of these stocks belong to the technology industry. In today’s age with everything around us being digitized and brought online, technology products and services are demanded the most, hence the rising prices of tech stocks. The stock that has seen the most appreciation in price is AMZN.
Amazon, traded as ‘AMZN’ on the exchange, is a technology company founded in the year 1994 by one man, Jeff Bezos. The company led by one man initially has now become the top stock and made the founder one of the richest people in the world.
Amazon is engaged in e-commerce, digital streaming services like Prime Video and cloud computing services through Amazon Web Services. Amazon serves both consumers as well as businesses. This has made the company the giant that it is today, providing solutions to every possible customer. Amazon is the one online retailer where you will find everything and anything you will need and this is the very reason for its high demand. There was a time when AMZN was traded for just $18, shareholders from that period are now millionaires.
AMZN is currently being bought and sold for $3,138.38 and its target is to hit the $3,775 mark on the index. It has a market capitalization of $1.61 trillion and the company offers an EPS of $34.15. You can get more information like cash flow at https://www.webull.com/cash-flow/nasdaq-amzn.