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

[Zoidz]

I'd like to not have a Morgan Stanley and go back to my single Schwab, but by selling on MS and buying on Schwab you realize capital gains, right? Anyone have a better idea for getting RIVN shares to another institution without realizing gains yet?

You should be able to do this as a transfer of the shares, and therefore there is no sale, no capital gains. I've done this with a couple of retirement plans.

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[GrokTime]

You should be able to do this as a transfer of the shares, and therefore there is no sale, no capital gains. I've done this with a couple of retirement plans.

Correct. Transferring shares between brokerage accounts does not trigger any taxable events. It is relatively easy to do. Just ask the broker you want to transfer to for their transfer form and fill it out and submit it.

 

[stynes]

Correct. Transferring shares between brokerage accounts does not trigger any taxable events. It is relatively easy to do. Just ask the broker you want to transfer to for their transfer form and fill it out and submit it.

A lot of brokers have it all online. I made the request from my etrade account but it hasn't gone through yet.

 

[Riviot]

You should be able to do this as a transfer of the shares, and therefore there is no sale, no capital gains. I've done this with a couple of retirement plans.

Thanks a million! Or at least a few thousand in taxes. Submitted my ACATS request and will be closing the MS after it hits my Schwab.

 

[Jayhawkeye]

To the Moon! LOL

 

[kurtlikevonnegut]

To the Moon! LOL

Approaching double IPO cost. I put in a sell limit at $200 on IPO day in case of a massive spike and haven't cancelled it yet. Honestly if it doubles IPO price it's going to be hard to pass up the opportunity to cash in some of the shares.

 

[Jayhawkeye]

Agreed. I just sold a bunch to cover my initial investment (sans CG tax). Now i'm essentially risk free.

 

[Dbeglor]

Agreed. I just sold a bunch to cover my initial investment (sans CG tax). Now i'm essentially risk free.

I get the thought, but that's a psychological fallacy. That's still your asset and you could lose it. Not selling is the same as buying.

 

[yizzung]

If it gets really hammered, like well below IPO price, I'll probably just sell it for the tax losses to help offset other gains. But since it's having a great run, my current thought is to just wait until my R1T is ready and maybe contemplate selling then. Would make for a fun story to pay for X% of my vehicle with gains from the stock. I'm sure some Tesla folks have done that. The closer X is to 100, the better the story...

I guess I'm just hoping they'll deliver my ride before long term capital gains kick in.

 

[MIG]

If it gets really hammered, like well below IPO price, I'll probably just sell it for the tax losses to help offset other gains. But since it's having a great run, my current thought is to just wait until my R1T is ready and maybe contemplate selling then. Would make for a fun story to pay for X% of my vehicle with gains from the stock. I'm sure some Tesla folks have done that. The closer X is to 100, the better the story...

I guess I'm just hoping they'll deliver my ride before long term capital gains kick in.

? Long-term capital gains are generally lower; you should AIM to hold for over a year.

 

[IPTV65]

I have already forgotten I own it! Will revisit it in 5 years and see where I'm at.

 

[yizzung]

? Long-term capital gains are generally lower; you should AIM to hold for over a year.

I know but I'd gladly pay short term gains to get my Rivian sooner...

If LTCGs kick in for me then it means they will have whiffed pretty badly on their production targets, which, ironically, might also end up causing the stock to drop.

 

[JerseyGreens]

I have already forgotten I own it! Will revisit it in 5 years and see where I'm at.

That's the right attitude. FYI just in case you're wondering, your investment nearly doubled if you got in pre-IPO! ?

 

[disneydad]

I tried to get in on this before hand (being a reservation holder since the beginning) and heard nothing but crickets from Rivian. Where and how did everyone buy the stock pre-ipo?

 

[JerseyGreens]

I tried to get in on this before hand (being a reservation holder since the beginning) and heard nothing but crickets from Rivian. Where and how did everyone buy the stock pre-ipo?

Do you use Gmail? If so, my email was buried in a "promotions" folder.

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