Lsbcal
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I just got a notice that on May 28 my Amazon Prime will go up to $99 (from $79).
Taking some of the sting out of it, one of my ETF's has 1.7% in Amazon and Amazon stock is up today by 2.4% (as of 8:30am PST). The general market is down so I figure I made a little in Amazon. For me the math is:
Net change = -$20 + $60 (from stock) = $40
Maybe they should have raised Prime to $150?
If you owned $100,000 of Total Stock Market, then your Amazon stock pushed up its value by $15 by my calculations.
This points out a general situation that for many of us (including pensioners) stocks buffer us from some of the rising prices.
Taking some of the sting out of it, one of my ETF's has 1.7% in Amazon and Amazon stock is up today by 2.4% (as of 8:30am PST). The general market is down so I figure I made a little in Amazon. For me the math is:
Net change = -$20 + $60 (from stock) = $40
Maybe they should have raised Prime to $150?
If you owned $100,000 of Total Stock Market, then your Amazon stock pushed up its value by $15 by my calculations.
This points out a general situation that for many of us (including pensioners) stocks buffer us from some of the rising prices.
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