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Invested in Amazon
🆕Update: #DollarCostAveraging my way to a whole share of $AMZN. Generally, with a Dollar Cost Averaging strategy, you would periodically buy several shares of a stock with the intent of lowering the average cost paid per stock but I barely have $3,000 to begin with so I’m just buying $1 a day. 🌿 Total holdings $175.96 🌱 Shares 0.05721 🍃 Average Price Paid $3,174.99 🌷 All Time Gain -$5.68 (3.13%) 🔝52-Week High $3,552.25 ⬇️ 52-week Low $1,889.15 Here’s how it’s going: My first Amazon transaction occurred on July 16, 2020, with a partial share purchase at $2,954.00 a share. Today Amazon’s stock price is $108 higher than it was in July 2020. Today one share of Amazon costs about $3,062 a share. Amazon’s stock has dipped 3% since March however the stock is still 1.74% higher than it was when I made my initial investment in July 2020. Technically I have an unrealized loss of $5.68. A closer look reveals that the very first partial shares that I purchased last summer are currently worth more today than they were at the date of purchase; However, the shares that I brought in March 2021 have lost 3% of their value. Overall I have lowered my average purchase price by $10 since February 10th, thanks to my reoccurring daily purchases & the recent slump in Amazon’s stock price. View my February 10th update here👇 https://twitter.com/podcastpocket/status/1359519993151565826?s=21 #DCAEveryDay #pocketchangeinvestments
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