Why I Sold (Some of) My Amazon Stock
No investment has affected my family's lived experience more than Amazon (NASDAQ: AMZN). My original purchase in 2010 has returned 2,200%. Along the way, I've sold some to pay for the house we live in, and the medical costs associated with my daughter's birth before the enactment of the Affordable Care Act.
I also think that Jeff Bezos will go down as one of (if not the) greatest business person of our time. His annual letters to shareholders are packed with wisdom that can not only make you a better investor, but also a better decision maker in all facets of life.
And yet, for the second time, I sold a second large tranche of shares. I'm still holding some, but with every passing month, I lose faith the quality of the company isn't being diluted by its sheer size. Read below to see how this might all play out -- and why I still hold shares despite my misgivings.
Source Fool.com
