For those who are looking to invest in the stock market, one of the most popular stocks to consider is Amazon. Amazon, founded in 1994 by Jeff Bezos, has become one of the largest and most profitable companies in the world. As a result, many investors have been attracted to Amazon’s stock. But how much does it cost to buy stock in Amazon?
The cost of buying stock in Amazon varies based on several factors. The first factor is the number of shares you want to buy. If you are looking to buy a large number of shares then it may cost more than buying a smaller amount of shares. Additionally, trading fees or commissions charged by your broker may play a role in the total cost you will face when buying Amazon stock.
Another factor that affects the cost of buying Amazon stock is its share price. As with any other publicly traded company, Amazon’s share price fluctuates depending on market conditions and company news announcements. Currently, one share of Amazon costs $2,584 as of January 2021.
In addition to these factors, there are other costs associated with investing in stocks. For example, if you plan on using a brokerage account then you will need to pay an annual fee which can range from $0 – $30 depending on your broker and account type.
Overall, the total cost of buying stock in Amazon can vary greatly depending on how many shares you plan on purchasing and what type of account you plan on using. However, it is important to note that regardless of the total cost, investing in stocks can be a great way to generate returns over time.
Conclusion: The cost of buying stock in Amazon depends on several factors such as the number of shares purchased and trading fees or commissions charged by your broker. Additionally, there are other costs associated with investing such as annual brokerage fees which can range from $0 – $30 depending on your broker and account type. Ultimately, investing in stocks can be a great way to generate returns over time.
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