Quote:
Originally Posted by RockCrusher
My usual response if someone asks if they should do X I reply no. My thinking is if one has to ask...
You should be able to answer your own question.
I think you did in a way. Kind of a digest of what you wrote is if you can afford to have Rivian stock go to $0 and the loss won't affect you in any meaningful way then buy the stock.
The purchase is a gamble but as long as you ain't riskin' the farm...
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I get that they are burning through cash, have poor reliability, and EV sales are sliding. I was just curious if there were any other major red flags I may have been missing.
I bought $10,000 in Rivian this morning. If it fails, so be it, but my guess is it will rise significantly in 2-5 years. We'll see how it goes and have fun with it. I set my sale notification at $60/share. If I'm lucky, I'll use that cash to put towards a 718 GTS 4.0
