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A share of Amazon or an ounce of Platinum?

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  • 1630Boston1630Boston Posts: 13,780 ✭✭✭✭✭

    I'm still with an ounce of something :smile:

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb

    Bad transactions with : nobody to date

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭

    Amazon up $128 since the close of market yesterday. It's trading at $1100. Up 13%

    mark

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭

    @1630Boston said:
    I'm still with an ounce of something :smile:

    That's true. But you could also have bought one share of Amazon yesterday and sold it today with one click for $4.95 and bought 8 ozs of silver free and clear with the profits. It doesn't have to be all or nothing

    mark

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • jmski52jmski52 Posts: 22,791 ✭✭✭✭✭

    I've lived without having Amazon stock this long.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭

    @Justacommeman said:
    you could also have bought one share of Amazon yesterday and sold it today with one click for $4.95 and bought 8 ozs of silver free and clear with the profits. It doesn't have to be all or nothing

    mark

    Indeed. Even having certain "index " or "sector" funds can cause one to participate a little in AMZN's long term rise without having much overall risk.

    Unless one is psychologically dead set against such funds, in which case no amount of math, logic, history, or other reasoning will overcome the emotions

    Liberty: Parent of Science & Industry

  • OPAOPA Posts: 17,118 ✭✭✭✭✭

    @jmski52 said:
    I've lived without having Amazon stock this long.

    Just think....If you had purchased 10k shares of AMAZON @ $1.50 in May 1997, instead of gold or silver, you would not be wasting your time posting on this forum. I also missed the boat on that one. :'(

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • MorganMan94MorganMan94 Posts: 1,330 ✭✭✭✭✭

    @OPA said:

    @jmski52 said:
    I've lived without having Amazon stock this long.

    Just think....If you had purchased 10k shares of AMAZON @ $1.50 in May 1997, instead of gold or silver, you would not be wasting your time posting on this forum. I also missed the boat on that one. :'(

    If your going to go that route you could have purchased Bitcoin for .05 cents each in 2011, put in $100 and your at over $7mil right now.

  • renman95renman95 Posts: 7,037 ✭✭✭✭✭

    @MorganMan94 said:

    @OPA said:

    @jmski52 said:
    I've lived without having Amazon stock this long.

    Just think....If you had purchased 10k shares of AMAZON @ $1.50 in May 1997, instead of gold or silver, you would not be wasting your time posting on this forum. I also missed the boat on that one. :'(

    If your going to go that route you could have purchased Bitcoin for .05 cents each in 2011, put in $100 and your at over $7mil right now.

    We have smart people and/or smart-ass people here...what's the next AMZN or bitcoin?

  • MorganMan94MorganMan94 Posts: 1,330 ✭✭✭✭✭

    @renman95 said:

    @MorganMan94 said:

    @OPA said:

    @jmski52 said:
    I've lived without having Amazon stock this long.

    Just think....If you had purchased 10k shares of AMAZON @ $1.50 in May 1997, instead of gold or silver, you would not be wasting your time posting on this forum. I also missed the boat on that one. :'(

    If your going to go that route you could have purchased Bitcoin for .05 cents each in 2011, put in $100 and your at over $7mil right now.

    We have smart people and/or smart-ass people here...what's the next AMZN or bitcoin?

    I have no idea, I'm just saying that you can always look back and see what you missed out, but at that moment nobody knew what it would do or everyone would've done it.
    In either case if I would have bought at those low prices I would've been out of both positions by now.

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    edited October 27, 2017 9:56PM

    @MorganMan94 said:

    @renman95 said:

    @MorganMan94 said:

    @OPA said:

    @jmski52 said:
    I've lived without having Amazon stock this long.

    Just think....If you had purchased 10k shares of AMAZON @ $1.50 in May 1997, instead of gold or silver, you would not be wasting your time posting on this forum. I also missed the boat on that one. :'(

    If your going to go that route you could have purchased Bitcoin for .05 cents each in 2011, put in $100 and your at over $7mil right now.

    We have smart people and/or smart-ass people here...what's the next AMZN or bitcoin?

    I have no idea, I'm just saying that you can always look back and see what you missed out, but at that moment nobody knew what it would do or everyone would've done it.
    In either case if I would have bought at those low prices I would've been out of both positions by now.

    Yeah $1.50 is a perfect world scenario. However people have been trashing this stock or shorting it since it's been at $100. That was the first real convicted entry to buy and hold. That would would be pretty good as well. It would be the same as buying silver at $10 and having it go to $110.

    mark

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭

    Amazon $1132
    Platinum. $930

    mark

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • I'm going to go with 1 oz of platinum mainly because I have around 4x as many amzn shares as I do plat. also my cost per platinum oz is around 6-8 times as much as my amzn shares.

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,250 ✭✭✭✭✭
    edited November 13, 2017 6:06AM

    .

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭

    AMZN is at an all time high. $1186
    Platinum is at $941

    mark

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • BobSavBobSav Posts: 937 ✭✭✭

    Amazon no doubt about it....
    Most People have no idea what Amazon is up too.
    They are just getting started and there is nothing to stop them from controlling both B&M and online commerce.
    Their stock is a bargain at today's price.
    JMHO
    Bob

    Past transactions with:
    Lordmarcovan, WTCG, YogiBerraFan, Phoenin21, LindeDad, Coll3ctor, blue594, robkoll, Mike Dixon, BloodMan, Flakthat and others.
  • mvs7mvs7 Posts: 1,662 ✭✭✭✭✭

    AMZN

  • VanHalenVanHalen Posts: 3,919 ✭✭✭✭✭

    $1200 and 305x earnings. Amazing what an Internet middleman is worth these days. :o

    In other news the Nasdaq closes in on 7,000! Up an average of 10% annually for 25 years in a row now! It is nuts if I do say so myself.

  • ChrisRxChrisRx Posts: 5,619 ✭✭✭✭

    Amazon would be more palatable with a dividend.

    image
  • cohodkcohodk Posts: 19,063 ✭✭✭✭✭

    @VanHalen said:
    $1200 and 305x earnings. Amazing what an Internet middleman is worth these days. :o

    In other news the Nasdaq closes in on 7,000! Up an average of 10% annually for 25 years in a row now! It is nuts if I do say so myself.

    And that's with 2 big "crashes" that everyone fears.

    What is the return of the Sp500 over the last 80 years?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • VanHalenVanHalen Posts: 3,919 ✭✭✭✭✭

    I'd have to look it up and I need coffee. A non-logarithmic chart over the past 80 years looks something like this though:

  • cohodkcohodk Posts: 19,063 ✭✭✭✭✭

    Oh my...all those scary event.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • VanHalenVanHalen Posts: 3,919 ✭✭✭✭✭

    We need to add Nov. 2017 to both charts. I took the liberty of adding it to the non-log chart. ;)

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    edited February 1, 2018 7:03AM

    Amazon $1450
    Platinum $993

    They were even 5 months ago. Amazon up 50% since

    mark

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • MilesWaitsMilesWaits Posts: 5,338 ✭✭✭✭✭

    When you go to sell the Amazon stock with The Profit what is typically the tax amount collected?

    Now riding the swell in PM's and surf.
  • MorganMan94MorganMan94 Posts: 1,330 ✭✭✭✭✭

    @MilesWaits said:
    When you go to sell the Amazon stock with The Profit what is typically the tax amount collected?

    15% if you held it over a year, less than a year and it is taxed as regular income.

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    edited February 1, 2018 12:04PM

    @MilesWaits said:
    When you go to sell the Amazon stock with The Profit what is typically the tax amount collected?

    Morganman is correct. If you sell in a self directed 401k even the better. Everything is taxed the same rate upon withdrawl down the road regardless

    You also have to look at the net premium you pay on the buy/sell side on platinum. That can often sting. The spreads can be wide. Most of my stock trades are free. At the most $4.95 whether it's 1k or 100k of stock. Low transaction costs and easy in and out

    m

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • MsMorrisineMsMorrisine Posts: 32,970 ✭✭✭✭✭

    PM sales are taxed, too.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • KollectorKingKollectorKing Posts: 4,820 ✭✭✭✭✭

    I bought xxx shs of amzn 30 mins before closing.... :D:D:D !!!!

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    edited February 1, 2018 5:41PM

    WTG! Nice after hours pop after I jinxed the stock. I try to buy some every chance I get

    m

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • MsMorrisineMsMorrisine Posts: 32,970 ✭✭✭✭✭

    When does platinum report?

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    Late to the party but today I'd take gold. If I could only choose from the original choice I'd still take plat.

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭

    Amazon $1537
    Platinum $966

    mark

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • BAJJERFANBAJJERFAN Posts: 31,075 ✭✭✭✭✭

    @MilesWaits said:
    When you go to sell the Amazon stock with The Profit what is typically the tax amount collected?

    In a Roth? ZILCHO

    theknowitalltroll;
  • OPAOPA Posts: 17,118 ✭✭✭✭✭
    edited March 7, 2018 8:27AM

    So far...NO CONTEST ( contest started June 1, 2017)

    AMAZON: $1532
    PLAT: $961
    GOLD: $1,330
    SILVER: $891.00 (16.50 X 54)

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭

    Amazon $1575
    Platinum $914

    Amazon up another $50. Platinum down $50 since the last update. Gold and silver about the same

    mark

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • tommy44tommy44 Posts: 2,281 ✭✭✭✭✭

    @tommy44 said:
    Current AMZN PE Ratio 189.59, I can't see how it can continue to maintain that when compared to MSFT at 31.67 and APPL at 18,24.

    I'd take the Platinum, sell it, and buy APPL.

    It's not the first (or last) time I've been wrong. :(

    it's crackers to slip a rozzer the dropsy in snide

  • WingsruleWingsrule Posts: 3,007 ✭✭✭✭

    Sold at the close today

  • MsMorrisineMsMorrisine Posts: 32,970 ✭✭✭✭✭

    AMZN earnings were AMaZiNg

    Due up will be 2 oz of platinum or 1 share of AMZN

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • Type2Type2 Posts: 13,985 ✭✭✭✭✭

    I like Amazon go big or go home.



    Hoard the keys.
  • PerryHallPerryHall Posts: 46,073 ✭✭✭✭✭

    Type2---You may want to get rid of that pic before one of the mods get a complaint. I'd hate to lose you as a forum member. :)

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • kiyotekiyote Posts: 5,572 ✭✭✭✭✭

    @bronco2078 said:

    If the institution of slavery still existed in the US the ships bringing the slaves in would all dock at the local amazon fullfillment center. So ya obviously , go long AMZN

    Hyperbole perhaps to equate sub minimum wage jobs with slavery but the slope of that line is trending down not up so give it a decade or two and re evaluate.

    Bronco, I have a brother who works in a fulfillment center for Amazon. He’s been there for 13 years. In the past five years, Amazon has hauled in a bunch of people from Nepal who can’t speak English and can barely function outside of their factory jobs they’ve been programmed for. It’s bascially indentured servitude.

    "I'll split the atom! I am the fifth dimension! I am the eighth wonder of the world!" -Gef the talking mongoose.
  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    https://austrian.economicblogs.org/stockman/2018/stockman-jumping-white-shark-bubble-finance/

    "Last night Amazon reported a whopping 41% plunge in free cash flow for the March 2018 LTM period compared to prior year. Yet it was promptly rewarded by a billion surge in market cap----with billion of that going to the guy riding topside on the Great White Shark of Bubble Finance."

    :)

  • cohodkcohodk Posts: 19,063 ✭✭✭✭✭

    @kiyote said:

    @bronco2078 said:

    If the institution of slavery still existed in the US the ships bringing the slaves in would all dock at the local amazon fullfillment center. So ya obviously , go long AMZN

    Hyperbole perhaps to equate sub minimum wage jobs with slavery but the slope of that line is trending down not up so give it a decade or two and re evaluate.

    Bronco, I have a brother who works in a fulfillment center for Amazon. He’s been there for 13 years. In the past five years, Amazon has hauled in a bunch of people from Nepal who can’t speak English and can barely function outside of their factory jobs they’ve been programmed for. It’s bascially indentured servitude.

    Man, I sure wish I made $12+ right out of high school...

    https://www.indeed.com/cmp/Amazon.com/salaries

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • bronco2078bronco2078 Posts: 10,192 ✭✭✭✭✭

    They don't make $12 after the adjustments They have to get there 45 minutes early and leave 45 minutes late to go through the security or to get from the parking area to the building , thats an unpaid hour and a half. And they get docked pay for 100 minor offenses . Plus $12 isn't anything now , when I got out of high school I had no bills , the kids today spend a lot more on things that they think are are important . We can laugh at them for have $150 cell phone bills but they were trained to spend and consume relentlessly from the day they plopped out of the womb.

  • cohodkcohodk Posts: 19,063 ✭✭✭✭✭
    edited April 29, 2018 5:39PM

    @bronco2078 said:
    They don't make $12 after the adjustments They have to get there 45 minutes early and leave 45 minutes late to go through the security or to get from the parking area to the building , thats an unpaid hour and a half. And they get docked pay for 100 minor offenses . Plus $12 isn't anything now , when I got out of high school I had no bills , the kids today spend a lot more on things that they think are are important . We can laugh at them for have $150 cell phone bills but they were trained to spend and consume relentlessly from the day they plopped out of the womb.

    Whhaaa whaaa whaaa.....millions of folks commute 45 min or more everyday and they dont get paid for doing so.. Just because you have bills doesnt mean I should pay you more. And folks should get docked for doing something wrong. This isnt rocket science. Pay attention, do your job, do it well, and move up the ladder. Thats how it works.

    Fact check time..

    45 min wait....LMAO!!! Looks more like 90 seconds.
    https://www.cnet.com/news/supreme-court-amazon-doesnt-have-to-pay-workers-for-security-check-hours/

    Yes, youre right...they dont make $12 after adjustments...its a lot more. http://www.businessinsider.com/amazon-employee-benefits-2017-8

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • bronco2078bronco2078 Posts: 10,192 ✭✭✭✭✭

    @cohodk said:

    Ya we asked a guy from Amazon and he says everything is Greattttt!!

  • MsMorrisineMsMorrisine Posts: 32,970 ✭✭✭✭✭

    An ounce of platinum or an AMZN employee?

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    edited April 30, 2018 12:13PM

    I wonder how much platinum miners make an hour? And what their working conditions and commutes look like

    mark

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • OPAOPA Posts: 17,118 ✭✭✭✭✭
    edited April 30, 2018 1:38PM

    @Justacommeman said:
    I wonder how much platinum miners make an hour? And what their working conditions and commutes look like

    mark

    I don't know of any Platinum mines in the US. However, the average salary for a US based Miner is over $22 an hour + in some cases, free med. & dental insurance.

    Below is the most recent S. African Platinum Miners wage scales in Rands ..... $1.00 = 12.46 ZAR

    https://www.indeed.co.za/cmp/Impala-Platinum-Mine/salaries

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • cohodkcohodk Posts: 19,063 ✭✭✭✭✭

    @Justacommeman said:
    I wonder how much platinum miners make an hour? And what their working conditions and commutes look like

    mark

    Don't even think about getting a hotel room between Elko and Winnemucca on a week night.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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