Pherdnut
Well-Known Member
Don't try to predict the floor. If you're going long, find a price you're comfortable buying shares at and ease into that position whenever it's at or below that every couple of weeks. Price could be all over the place for the next couple years. If you don't dump your entire portfolio in all at once, you'll be in a better position to take advantage of big dips as they happen. For me, that threshold is south of $100 for the next 6 months and I'll reevaluate at the end of that. If it dumps to $20 and I'm averaged at $90, great, I'll take advantage and spend a little more. I don't care about whether I'm in the red or not until the company starts making a profit and carving out real market share.
This of course, only if you're well-informed, and highly confident Rivian will become an established BEV maker and household name in the next 3-5 years as I am. If you're not, you're just going to stress about the price action compared to where your average is and might be better off waiting until they're closer to what are likely their biggest upcoming catalysts, the R2 launches and going multinational.
This of course, only if you're well-informed, and highly confident Rivian will become an established BEV maker and household name in the next 3-5 years as I am. If you're not, you're just going to stress about the price action compared to where your average is and might be better off waiting until they're closer to what are likely their biggest upcoming catalysts, the R2 launches and going multinational.
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