Should I Use My 2022 Roth IRA Contribution to Buy Shares of Amazon?
Shares of Amazon (NASDAQ: AMZN) plunged after the company released its first-quarter earnings report last month. Recently, the company's stock dropped to a 52-week low and lost nearly all the gains accumulated during the pandemic.
While some investors may be worried about the future of Amazon's stock, there are others standing on the sidelines ready to buy. Amazon announced plans for a 20-for-1 stock split in March, and many investors have been waiting to jump in to collect their additional shares. The current stock prices make the stock even more attractive for those who see Amazon as a potential investment opportunity.
If you're thinking about adding shares of Amazon to a retirement portfolio, there are a few things you should consider before pressing the buy button. We'll explore the pros and cons of a Roth IRA and give you some pointers to determine if Amazon deserves a spot in your portfolio.
Source Fool.com
