Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Here is Why You Should Sell Amazon.com Now

We have been telling our readers not to invest in the S&P 500 ETFs and instead invest in the top 5, top 10, or top 20 hedge fund stocks because these large-cap stocks historically outperformed index funds. Warren Buffett doesn’t like hedge funds because of their high fees and recommends index funds. However, investors don’t have to pay hedge funds anything to invest in their top 10 stock picks. Let’s take a look at how our approach fared recently.

In 2019, the top 10 hedge fund stocks returned 41.4% and beat the S&P 500 Index funds by 10.1 percentage points. You could have been 10% richer if you had followed our recommendation in 2019. Things didn’t change much in 2020. The top 10 hedge fund stocks returned 1% in 2020 (through May 1st) and beat the S&P 500 Index funds by an additional 12.9 percentage points. If you had been listening to our advice, you wouldn’t have noticed the effects of the coronavirus crash in your portfolio at all. Also, you would have been 12.9% richer.

Bill Miller

Bill Miller of Miller Value Partners

Amazon.com Inc (NASDAQ:AMZN) is one of the top 10 stocks among hedge funds. Actually it ranked #1 at the end of December. Amazon.com shares also returned 29% this year, so, we really like Amazon. However, when we read legendary value investor Bill Miller’s 2020 Q1 investor letter, his reasoning made perfect sense. In the following video you can watch why Bill Miller thinks it doesn’t make sense today to invest in Amazon.com Inc (NASDAQ:AMZN) and 6 other recession stocks that performed well so far this year.

Bill Miller is no ordinary investor. His hedge fund returned 120% in 2019. Bill Miller came to fame for beating the S&P 500 Index for 15 straight years when he was at Legg Mason.

Disclosure: No positions in Amazon.com Inc (NASDAQ:AMZN). This article is originally published at Insider Monkey.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.