Is now a good time to buy Lyft stock? Read all about it.
iBillionaire’s expert insight on Lyft: Warren Buffett said yesterday on CNBC that the regular investor should not invest in a stock IPOing in a hot market. In other words, Warren Buffett’s advice is to sit out and not invest in the Lyft IPO, but here’s a risk-free alternative way to buy Lyft stock, if you’d like to anyway.
How To Buy Lyft– The Amazon Strategy
For investors who don’t know stock analysis who want to risk some of their money in individual stocks of the companies they like, like Lyft, we recommend the Amazon and Netflix strategy.
The Smart Strategy To Buy Lyft Stock
Buy Lyft stock using the Amazon and Netflix Strategy. We recommend investing monthly in the companies you use all of the time this way: invest just a small amount, like the cost of a Lyft ride, or the cost of a Amazon or Netflix subscription. That way, you’re not risking anything. You’re investing an amount that you would have otherwise spent. The best part: Investing $10 in Lyft every month could pay off a lot in the long run, and if it doesn’t, you’re not risking any more than you’d otherwise spend.
At iBillionaire, we call this the Amazon and Netflix Strategy
Invest $10 per month in Lyft. You can easily use just $10 to buy Lyft stock on iBillionaire, every month, without even thinking about it. That’s just the cost of one ride, but it can really add up!
In total, by paying for the service instead of investing your money, you’ve paid $780 to Amazon and $480 to Netflix, which doesn’t sound like that much, until you consider the size of the investment account you could have right now: $2,118 in Amazon and $1,504 in Netflix.