My AMZN stock is over 50% of my portfoli – such was my confidence in it. The rest of my portfolio is QQQ and VOO.
The recent bear market illustrated to me the danger of holding heavily in one stock. And although my AMZN stock has now recovered (just about in the green) i feel things could have gone the way of META or NFLX (not to say they wont recover too).
So not sure if i should sell my AMZN and replace it with VOO.
Is anyone else facing this dilema?
I was first atracted to AMZN because of how good their website and customer service was, but thats really not the case now and most of their value lies in AWS which i know little or nothing about.
I guess its a bit of a risk vs reward gamble, but being heavily in the read for 6 months has woken me up to the realisation that stocks really can go down as well as up, and i think i will make the conservative choice. Do people agree that moving from AMZN to VOO is a good choice?
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