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Amazon vs. the S&P 500: Which Is the Better First Investment?

As of June 27, the major barometer of the market, the S&P 500, was down about 18% year to date, but had been down over 20% earlier in the month -- and may reach that threshold again. Investors who are new to the market may look at the performance of the S&P 500 and think twice about investing in it via a mutual fund or exchange-traded fund (ETF). Would a popular stock like Amazon (NASDAQ: AMZN) be a better option for a first-time investor?