I am an Amazon Prime member. But in retail, where profit margins have been under immense pressure, it doesn't take much of a hit to sales for earnings to take a beating. My wife and I trust it and find it wonderfully convenient, as do tens of millions of other people.
The shelf life of our stock holdings is getting shorter as algorithms keep getting cheaper. We are witnessing a mass extinction of all kinds of businesses.
My wife and I trust it and find it wonderfully convenient, as do tens of millions of other people. But note this: while Amazon can’t deliver products in the blink of an eye, it can help with the situation by ordering something before it runs out. The new litmus test I use before buying a stock is to ask, "Could Amazon get into this business?"
Of course, when you are running out of something completely and need it right away, going to a physical store would still be the fastest option. But in retail, where profit margins have been under immense pressure, it doesn't take much of a hit to sales for earnings to take a beating.
The major stock averages are trading at fresh all-time highs, but don't take too much comfort in that if you're an investor. I am an Amazon Prime member.
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