Amazon Stock Investment Options
If you were wondering how to buy Amazon stock directly, the answer is DSPP.
Launched in 2019, Amazon’s Direct Stock Purchase Plan or DSPP, lets you invest in the company’s stock without going through a broker, and you can do that by opening an account on Computershare. Keep in mind that when using the system, there are certain fees involved.
You can also choose to purchase Amazon stock through a mutual fund. If you want a larger position in Amazon, you can invest in mutual funds that specialize in tech companies. In this case, you’ll also have the advantage of diversification into other stocks. This option is the safest since your profit does not solely depend on one company but on the entire fund. Should the stock market performance of Amazon lags, your investment can still turn out positive.
Amazon is one of the largest retailers in the United States — a go-to online destination for millions of American consumers for all kinds of goods and services.
This is why Amazon stock (NADSAQ: AMZN) has increased significantly in value from about $88 ten years ago.
Realizing the strong company that Amazon has become, along with the future potential for growth, you may want to invest in the retail giant.
Here’s a quick guide on how you can buy shares of Amazon stock and become one of the company’s investors.