 So I'm gonna give you some video welcome to another video. So into this video, we are going to talk about Shopify ticket symbol SHOP shop, which is one of the at least e-commerce platform that I love a lot I did a video here in a while back when I talked about Shopify as the next Amazon and That video did really well and we saw tremendous amount of gain And that stock went from at the point I did the video was trading at like $200 all the way to over $1,200 and then they did a stock split and then you know what happened in 2022 when the tech stocks were crashing Shopify, I mean it wasn't immune to it. So it crashed along with all the tech stock, but it has since Start making momentum and moving back to the upside. So we're gonna talk about that in today's video But before we get started guys feel new to the channel We talked about how to earn money how to save money how to invest and build wealth So you have something that interests you go ahead and hit that subscribe button and the notification belt So you don't miss out on new content So when it comes to a Shopify for just a view that I don't know the stock So we're gonna talk a little bit about it. Let's take you guys to their website We just talked a little bit about the business model for Shopify. So Shopify itself. It's a Platform that allows entrepreneurs to be able to create a Marketplace and sell products directly to their customers. So think about it from an Amazon standpoint Amazon has to store you go there put your product and then sell it and gave a commission to Amazon Etsy has a store where you go there you upload your product you sell it they take a cut for every product that you sell The difference here with Shopify is that they? Provide the infrastructure for you to create and customize your own store and make it look like your own Website, but they on the not the underlying infrastructure is controlled by Shopify So they provide you with all the tools From an e-commerce standpoint that you would need to be able to operate your store and the advantage that I see with this Over Amazon or something like Etsy is that with Etsy you sell products and they charge you per product sell So they take a commission for every product that you sell So if somebody is just starting out that would be a good place for you to test the marketplace But the thing with Etsy is that you cannot really customize it and use your own domain name So that it looks like this is solely you whereas Shopify does that so you can customize it and use your domain name Most people use a store that is associated with Shopify without even knowing it so you can go to say a star could be ABC comm the underlying infrastructure is operated by and control by Shopify And then the owner of that store pay Shopify a fee. I think the basic plan is $39 a month and then you can sell as many products as you want a million does with the products They don't I want as long as you pay your monthly fee. That's about it. They don't charge any extra Whereas Etsy if you sell a million products, they're gonna take your commission on a million products So every product you sell they take a commission likewise Amazon every product that you sell they take a commission But Shopify doesn't do that. So that's why I do like this particular platform and I think that with how more and more people are becoming entrepreneurs and Being creative and selling your own product you don't need to go and build a website from scratch and Try to learn how to put into integrate all these different The tools that would allow you to be able to manage your your e-commerce store better Shopify has already done the groundwork for you. All you have to do is just plug and play you can just find somebody on Fiverr that can customize the front the front store for you and you upload your product It has your your your domain name and you are in business So I really like how this company has been operating. They are based out of Canada I think and so again is that this is one of the ones I really like so How has the stock been performing again? You would ask in my personal opinion the stock is a really good long-term Opportunity stock. So if you're looking for something to diversify your portfolio long term I think Shopify would be an ideal long-term Candidate so again, you can see here all the stock has been performing This is just as of our 2021. This chart doesn't really explain what happened with the stock because initially This stock was trading somewhere at around $1,200 and some change before the went through a split So after the split that's why it in it came you see now the adjusted value Looking like it was trading the high there was $176 but it was actually $1,200 and then when all the stocks The tech stocks were crashing back in 2022 Shopify was not immune to it. So the stock crashed after the split it crashed down to I think a low was about $24 25 and then since then It has slowly started moving and gaining momentum and heading back to the upside so you can see here starting up In 2024 the stock is now somewhere up there And it's only gone up in 2024 about 2% which is not terrible. But again, this is a long-term opportunity. So Again for people that are looking to diversify. I think that To buy Shopify and hold it and just keep DC in your way So dollar cost average away When the stock goes up you buy a little bit when the stock goes down you buy a little bit So again, this would be something that you can decide how much you want to put in On that dollar cost average. So I really do like Shopify From a long-term perspective because it's one of those stocks where It does it allow people Again with the number of entrepreneurs that are entering the market every year This is a great platform and you're going to continue to see growth And that would power them to get back to the highs that they used to be And I think again, this is not me being any sort of politic or anything I think that the marketplace right now is a little bit confused Because they don't know which direction things are going to go If you see there are different Theories about the two administrations that we've had in the last eight years One is supposedly is a business friendly entrepreneurship friendly and then the other one is more so corporate friendly So people are looking like hey most entrepreneurs like hey if you have extra cash Guess what you're going to take a chance to try to start a new business But if you don't have that extra cash if you are strapped of cash, you're not going to take a risk So um, we might see changes in the stock might see a massive run depending on How the election goes again, I'll let you be the judge here and make that call So there you go guys again, like I said, I've done videos here in the past talking about Shopify and again I'm repeating this because this is a long-term play. This is not a quick gain So this is something that you buy and hope and the way I go about looking at these stocks is not just Picking them you can go do like all the the nitty gritty But if you just look at it like Warren Buffett does He doesn't go out and pick stocks and like try to do no that basic stocks What problem is this stock or this company solving in the marketplace are people Needing this product or they want the product. So think about it in Berkshire Hardaway If you look at the composition of the stocks in in the portfolio You have things like coca-cola. They have apple I mean like dosages products that people just buy without even thinking just buy an apple phone Apple watch without even thinking you go to the store coca-cola like people just buy it because people like drinking their soda So they get seeing that people need so in this case. I'm looking like Shopify Solves a problem in the marketplace. Nobody wants to sit there and go learn how to build a website or pay somebody to build a website from scratch Um, and then even when you build that website to start integrating the different, uh, Products or different solutions that would allow you to operate a really good e-commerce store You don't have the time and the money to do that for a low fee of 39 dollars a month With your basic plan you can start doing all this transaction and selling products on online With your own store that is fully customizable to your business colors and In domain name. So I think it's a wonderful opportunity. Again, let me know in the comment section What do you think about Shopify? Is it something that it's on your radar? You just think it's like, oh no amazon owns a space, which I don't think they do but again Let me know in the comment section and as always guys do your homework. Do your due diligence Don't be a greedy savage, and I'll see you in the next one