Official: Rivian IPO priced at $78 per share (@ $77 billion valuation)!

[MIG]

What kind of anesthesiologist would I be if I made it to attendinghood without knowing basic investment strategies?

I see you're a surgeon and an engineer. I did 3 semesters of ChemE in undergrad before my brain exploded trying to calculate the heat loss of steam travelling through pipes across a factory ceiling. I decided I wanted to stitch little blood vessels back together and never looked back.

Are there any anesthesiologists who aren't part-time day traders?

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[MIG]

The theory that this stock is going to tank once employees can sell their stock may not be fully accurate. I'm sure many employees also believe in Rivian for the long term...I don't believe they will sell out to make a quick buck...

I do believe there will be a decent sell off 12 months post-IPO if they haven't significantly increased production by that point.

I'm pretty sure the boat/lake home market around Normal will benefit.

 

[JerseyGreens]

I'm pretty sure the boat/lake home market around Normal will benefit.

Definitely true.

There will be large amounts sold since their compensation is heavily tied to stocks but if I worked at Rivian and bought into their ethos I'm holding on for the long term (even if I planned on leaving the company...) Just my two cents.

 

[stynes]

Definitely true.

There will be large amounts sold since their compensation is heavily tied to stocks but if I worked at Rivian and bought into their ethos I'm holding on for the long term (even if I planned on leaving the company...) Just my two cents.

There's also typically a lock in and/or vesting period for those that receive stock as a large part of their compensation and we have no idea what those terms are. Those are typically structured to promote retention and minimize risk to the organization (they don't want everyone able to cash in at once and dilute the stock price or leave the organization at the same time).

 

[mindstormsguy]

Definitely true.

There will be large amounts sold since their compensation is heavily tied to stocks but if I worked at Rivian and bought into their ethos I'm holding on for the long term (even if I planned on leaving the company...) Just my two cents.

I get compensated in stock. Even if you believe in your company, is it really wise to tie so much of your financial well-being to a single company? If they fail, you don’t only lose your job, but your portfolio. It’s probably wise for most employees to sell at least a portion of their stock compensation to diversify.

 

[RivianXpress]

I get compensated in stock. Even if you believe in your company, is it really wise to tie so much of your financial well-being to a single company? If they fail, you don’t only lose your job, but your portfolio. It’s probably wise for most employees to sell at least a portion of their stock compensation to diversify.

Thats what my former financial planner told me six years ago about my AAPL stock. Glad I ignored him… ??

 

[mindstormsguy]

Thats what my former financial planner told me six years ago about my AAPL stock. Glad I ignored him… ??

You can always find cases cases on both sides. One could point out that you would have been better off selling to buy TSLA 6 years ago.
I’m not saying it’s wrong to hold. But it’s worth considering that *not selling* is an investment decision, and it’s not without risk.
People do get laid off all the time. Everyone always thinks it won’t happen to them.

 

[MIG]

Thats what my former financial planner told me six years ago about my AAPL stock. Glad I ignored him… ??

I had to fight with my 401(k) guy to let me (clearly my money but he was pushing back on it) buy AAPL at $60. Three splits ago. For several years after that he would send me upbeat news stories about the company. That initial 4-figure purchase is now about $1MM. As for his recommendation to buy Lehmann brothers ... an indication of his knowledge of the market.

 

[DuckTruck]

I had to fight with my 401(k) guy to let me (clearly my money but he was pushing back on it) buy AAPL at $60. Three splits ago. For several years after that he would send me upbeat news stories about the company. That initial 4-figure purchase is now about $1MM. As for his recommendation to buy Lehmann brothers ... an indication of his knowledge of the market.

When you were trying to convince him of the wisdom of Apple, and he was talking to you on this, it should have tipped you off. ?

 

[Blueassassin]

To every one that bought in at $78 for the full 175 shares.

 

[JerseyGreens]

I had to fight with my 401(k) guy to let me (clearly my money but he was pushing back on it) buy AAPL at $60. Three splits ago. For several years after that he would send me upbeat news stories about the company. That initial 4-figure purchase is now about $1MM. As for his recommendation to buy Lehmann brothers ... an indication of his knowledge of the market.

Are you making a four figure purchase on RIVN? Do tell!

 

[MIG]

Are you making a four figure purchase on RIVN? Do tell!

I wish I had a crystal ball. Just the 175 on RIVN. With no confidence yesterday that it wouldn't plummet at the open. AAPL is my big success story. I put whatever I had into it then (outside my 401(k) and it put both my kids through college and then some (had I made them get loans and held onto the stock they would have had a very tidy sum by now. My biggest fear with the remainder is selling off. Have to wait until well into retirement when my tax rate is low enough.

 

[JerseyGreens]

I wish I had a crystal ball. Just the 175 on RIVN. With no confidence yesterday that it wouldn't plummet at the open. AAPL is my big success story. I put whatever I had into it then (outside my 401(k) and it put both my kids through college and then some (had I made them get loans and held onto the stock they would have had a very tidy sum by now. My biggest fear with the remainder is selling off. Have to wait until well into retirement when my tax rate is low enough.

Great success story! I'm trying to replicate the same exact outcome with Rivian. Bought more at $100 but nowhere near four figures worth (yet).

 

[Mjhirsch78]

I wish I had a crystal ball. Just the 175 on RIVN. With no confidence yesterday that it wouldn't plummet at the open. AAPL is my big success story. I put whatever I had into it then (outside my 401(k) and it put both my kids through college and then some (had I made them get loans and held onto the stock they would have had a very tidy sum by now. My biggest fear with the remainder is selling off. Have to wait until well into retirement when my tax rate is low enough.

Heh, yup. AAPL paid for my construction on a house and then later paid off a loan for a house. Didn’t make a million, but pretty good use of $2k.

 

[buddha2lotus]

What kind of anesthesiologist would I be if I made it to attendinghood without knowing basic investment strategies?

I see you're a surgeon and an engineer. I did 3 semesters of ChemE in undergrad before my brain exploded trying to calculate the heat loss of steam travelling through pipes across a factory ceiling. I decided I wanted to stitch little blood vessels back together and never looked back.

I was too lazy to change course so I actually got my BChE. At least you’re still dealing with pipes, I am as far away from that now doing Psych, so much happier to be working with people than trying to figure out pipe and reactor sizes?

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