2048: 5 Lessons I Learned From My Investment In Amazon Stock by Mr. Finer

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 30 September 2022

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mr. Finer shares 5 lessons he learned from his Amazon investment Episode 2048: 5 Lessons I Learned From My Investment In Amazon Stock by Mr. Finer Mr. Finer is a normal salaried employee who achieved FI with no side hustle or other income sources. After spending a decade without any plan, he started pursuing FI in his 30s, and achieved it at 40. He created his blog to share experiences, mistakes, successes, benefits, positives, and negatives from his journey. The original post is located here: https://mrfiner.com/5-lessons-i-learned-from-my-investment-in-amazon-stock/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 2048.
0:04.6	Five Lessons I Learned From My Investment in Amazon Stock by Mr. Finer of MrFiner.com
0:11.7	And I'm your host and personal finance enthusiast, Diana Mariam.
0:15.8	We're going to get right to today's post as we optimize your life.
0:23.7	Five Lessons I Learned From My Investment in Amazon Stock by Mr. Finer of MrFiner.com
0:31.6	Around 2011, I first became aware of Amazon.
0:35.2	I had recently become an Amazon Prime member and I was impressed by Amazon's fast delivery
0:40.1	and customer service.
0:42.0	I wondered if I should invest in Amazon Stock.
0:45.5	Amazon, a very expensive stock.
0:49.4	The prevailing opinion at the time was that Amazon around $150 in 2011 was wildly overpriced.
0:57.5	Some experts thought it would fall to $40, while some predicted it would go bankrupt.
1:03.2	Pundits pointed to Amazon's lack of profitability and a high price earning or PE ratio close
1:09.5	to $100, whereas most other companies had a PE of $15 or $20.
1:15.1	Walmart, the biggest retailer in the world, was getting serious about online sales.
1:20.2	Walmart was massive, 400 billion in sales compared to Amazon, 40 billion in sales.
1:27.0	Experts forecasted that soon Walmart's online business would make Amazon irrelevant.
1:32.0	I decided not to invest in Amazon.
1:34.4	It felt too risky.
1:36.2	As I watched from the sidelines, Amazon stock doubled from $150 in 2011 to $312.
1:43.9	Surely the experts were right, I thought, maybe the stock will come down and then I would buy it at a lower price.
1:51.4	Changing my mind on Amazon.
	...

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