Michael Ecke is a mortgage professional - NMLS # 1439805, entrepreneur, businessman, and founder of Prosperment. As a current employee of a Fortune 50 company, Michael is dedicated to ensuring the utmost attention to detail and quality control. Michael provides executive oversight and direction to Prosperment and its sister companies. Michael brings to his position the business foresight and acumen required as Prosperment continues its remarkable growth.
It took the online giant from January to September to grow from $600 billion to $1 Trillion
On Tuesday Amazon’s (AMZN) total market value passed $1 Trillion, following Apple’s climb into the 13-digit territory last month. According to Howard Silverblatt, senior index analyst for S&P, Amazon and Apple now make up more than 8% of the entire value of the S&P 500.
The Seattle based company have been rewarded by investors as it has demonstrated better financial discipline in recent quarters, reporting record profits because of flourishing businesses such as cloud computing despite ambitious spending on industries from health care to grocery delivery. In the beginning of 2018, Amazon was worth around $600 billion. In the second quarter, the company’s net income swelled to $2.5 billion, compared to $197 million in second quarter of 2017. Driving those margins would be the success of AWS (Amazon Web Services), the company’s cloud business, as well as advertising it sells and revenues from Prime membership subscriptions.
According to the Bloomberg billionaires index, Jeff Bezos (Founder & CEO) owns roughly 16% of Amazon and is worth about $166 Billion, making the 54 year old leader one of the biggest beneficiaries of Amazon’s tremendous growth. Amazon has expanded quickly since its humble founding as an online bookstore in Mr. Bezos’s garage in 1994. The internet then was just becoming a feasible platform, and the most valuable companies at the time included industrial conglomerate General Electric Co, oil giant Exxon Inc. and telecommunications power house AT&T Inc. When Amazon went public in 1997 it was valued at less than $500 million. A $2,000 investment in the IPO would be worth roughly $2.8 million today (adjusted for stock splits).
In recent months, Amazon has acquired grocery chain Whole Foods Market, giving it roughly 470 brick-and-mortar locations, and online pharmacy PillPack. It has enabled logistics drivers to deliver inside consumers’ homes and cars, and is working on a delivery service expected to one day compete with FedEx Corp. and United Parcel Service Inc. Amazon is also searching for a second headquarters, known as HQ2, where it is planning to create as many as 50,000 jobs and invest more than $5 billion dollars over nearly two decades. The search, which launched a year ago, has been narrowed down to 20 finalists and a decision is expected in the coming weeks.
Amazon is very appealing to investors because it appears able to dominate any industry it enters through the power of the data it has on Prime members and its ability to get stuff from point A to point B quickly. Groceries! Healthcare! Financial services! Media! Even your home cleaning service!
How long will Bezos magic last? That is the question Wall Street wants to know.
How is it possible to start investing in Amazon with only $5?
In the past, individual investors had to buy one or more shares of a stock or ETF (exchange-traded fund) to make an investment. If the price of one share was $1,000 (Like Amazon or Alphabet), that was the smallest amount an individual investor could buy.
However, it’s now possible for companies like Stash to buy one share, and split it into parts, or fractional shares. So if you want to buy $5 of an ETF or single stock that costs $1,000 per share, Stash can buy a full share, and have you own just a $5 fraction of that share. That way, you can make small investments as a way to get started, you can invest in a more flexible way, and you can put more of your money to work.