Buying stocks and shares has proven to be a very profitable hobby, especially for those that have invested in companies that have seen tremendous growth over the past year. Most people invest on the side, making it a tidy side income that requires minimum effort and high reward.
Those who invest, tend to take note of the trading trends, whether it be through the media or word-of-mouth, which creates an even bigger search in investments. Take the likes of the cryptocurrency Bitcoin as an example - investments and trading with Bitcoin had a domino effect once thousands of people made huge amounts of profit in a short space of time.
However, it’s not just cryptocurrency that holds the key to big-time profit - many companies that you have used on a day to day can offer shares and stocks that you can buy with a huge return on investment. With Amazon, in particular, many people who invested and bought shares early on, have seen their shares earn thousands of dollars more than their original price.
Humble beginnings to household name
E-commerce giant Amazon is one of the biggest companies in the world, with its owner Jeff Bezos officially declared the richest man in 2020 with an estimated wealth of 150 billion dollars. Why? Because Amazon makes so much money, turning over a profit of billions of dollars every single year.
From books to homeware, clothing to technology, there is nothing that a consumer can’t find on Amazon, making it the most revolutionary e-commerce platform the world has ever seen. As if that wasn’t enough, Amazon has extended its offering with Prime, a first-class delivery option paired with on-demand TV and Amazon Web Services, one of the most successful cloud computing services on the market.
Why buy Amazon stocks and shares
It’s not surprising, therefore, that people are flocking to buy Amazon stocks and shares, especially since its market value surpassed 1 trillion dollars back in 2018 and Amazon shares peaked with record numbers over and over again in 2020.
To put this into context, if you were to invest 10,000 dollars at 18 dollars a share, you’d have accumulated over 12 million dollars alone last year. So how do you buy Amazon stocks and shares and make a profit like this?
How much does it cost to buy Amazon shares?
Buying shares in any company depends on how the company has performed. For example, if a company has tremendous growth and has managed a huge profit, the shares will be more expensive as the company will be valued at a higher price.
Market capitalization plays a big role in the overall pricing of the shares and companies' performance, thus providing great feedback to the investors and strong confidence in the choice that they’ve made in investing and having a share in a company like Amazon.
Therefore the cost of shares for Amazon, much like all shares, fluctuates but they currently cost around $3,000.
Stock pricing has been steadily growing for Amazon. In 2019, for example, Amazon announced to its Prime TV members that it will be purchasing Premier League football games at no extra cost resulting in a surge in Prime subscriptions.
Lockdowns drive major growth
In 2020, due to the Covid-19 global pandemic, Amazon stock prices increased by 37% compared to the previous year. Due to lockdowns in many countries across the globe, Amazon was in place to provide an alternative way of purchasing items that could not be bought on the high street.
With millions of people working from home, people had to adapt to a new way of living, working, and purchasing their goods. Amazon, therefore, became a massive supplier for home office supplies, gym equipment, health aides, and IT equipment which resulted in an operating income of 6.2 billion dollars.
In late 2020, Amazon further expanded its delivery system by implementing deliveries of Covid testing, Morrisons food shopping, and their own Amazon Fresh delivery service. They are also the biggest investor in the international takeaway delivery service, Deliveroo. This multi-billion pound start-up which is growing globally in reputation is a well-known investment that Amazon has been part of and showcases the great potential for growth and scale.
All of these developments help increase investor confidence in the stock price of Amazon and this trend looks to continue in 2021 with further international and country-wide lockdowns, many millions more people will rely on Amazon’s services.
How to buy Amazon stocks and shares
Buying shares can be difficult, especially if you’re an inexperienced investor but luckily, buying Amazon shares is relatively easy. First of all, you’ll need to choose a brokerage firm that offers the option to buy Amazon shares.
Our advice would be to use eToro, one of the most reputable and popular trading platforms there is. If you choose to use a different trading system, be sure to do all of your research beforehand, like checking for any extra costs you may face including commission fees and credit card charges.
How to buy Amazon stocks in the UK
The UK population has become increasingly interested in buying Amazon stock and luckily for them, eToro allows them to use their platform too. Simply follow the steps below to start trading now.
What is eToro
eToro is one of the world’s most used online trading platforms for investing in shares and stock. From cryptocurrency to commodities, eToro offers a wide range of areas you can invest in, including Amazon shares, and make huge amounts of profit without any share dealing costs and fees.
Founded in 2006, eToro has built a steady user base since its inception and is now valued at over 800 million dollars. Its easy-to-use user interface, safety features, data security (it’s FCA regulated) and intelligent trading abilities make it the number one choice for experienced traders and those new to investing.
Using eToro to buy Amazon shares
Sign-up to an eToro account using a registered email address and a phone number alongside a payment option to help verify your identity. This is part of the extra security checks eToro has installed to ensure their users’ data is safe and secure against bots and scammers and one of the reasons why thousands of users trust them with their funds.
One of the biggest advantages of buying Amazon shares with eToro is that you only have to deposit $200 to start with. You can deposit the funds with a valid credit or debit card, PayPal, by Wire Transfer, and a variety of other ways depending on what is suitable for you.
How to buy Amazon stocks on eToro
Once your account is funded with $200 (or more depending on how much you wish to trade with), you can start buying your Amazon stock. To find Amazon stock, use the search bar to type in “Amazon” (or in some cases, it will come up as AMZN) and you’ll be presented with all of the relevant information for buying shares and stock with Amazon. Once you’re sure you want to begin trading, click the “Trade now” button which will allow you to then set the parameters to which you will trade with.
eToro gives you two options when buying Amazon shares, you can choose between “trade” or “order” so you can set exactly how much you’re willing to buy them for or however much they are at the time. There are also other protective factors in place such as the stop loss functionality which allows you to set the very highest amount that you are willing to lose, making sure that you never lose more than you can afford.
Manage your Amazon stock
eToro makes it really easy for you to manage your Amazon stock so you’re always in the loop with your investments. Simply click on your portfolio to see how many units you purchased, how much you invested, their value, and what cost you can buy and sell them at.
If you’re looking for a success story for investing in Amazon stock, look no further than the former wife of Jeff Bezos, who is now worth more than 60 billion dollars through her shares in Amazon alone. If you want to make a big profit in a stable and continuously growing business, then purchasing Amazon shares on eToro is a great way to do this, whether you’re an experienced investor or new to investing. Investing can be a passive income or a full-time income with very little effort or experience needed.
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