moosehead
Well-Known Member
- Joined
- Sep 16, 2021
- Threads
- 63
- Messages
- 2,070
- Reaction score
- 4,515
- Location
- Denver, CO
- Vehicles
- ‘22 Ioniq 5, ‘78 Jeep Wagoneer
- Thread starter
- #1
Full disclosure: I’m the dumbest finance guy you’ve ever met. No really. I suffer from Rivian Problems X 3. One must admit their problems before solving them. So, in the hopes of addressing this affliction, below is a baring of the soul to my internet friends, none of whom I’ve met in real life. Fire away as this is a rather tempting and large target. Flame suit on. If you would please do me the favor of not sharing the below second and third phases with my wife, that would be much appreciated.
Phase I Rivian Problem: Pretty common ailment. Put down advance deposit Fall 2021 for an R1S despite never seeing any Rivian model, let alone sitting in or driving one. Guess it would have been hard to see one before any were made. May have visited Denver RSC a half dozen times or more as it is 5 miles from the house. Hoping to push the family into EV’s as I personally have had a large V8 love affair since the 70’s and have too many dinosaur killing rigs. Despite having the attention span of a squirrel on crack, have watched even the most boring Rivian videos, some the length of a Marvel movie.
Phase II Rivian Problem: Avoided the IPO allotment at $78 and obviously missed the run up to $175. Smugly bought the stock starting at $70, and did so several more times in the $60’s, $50’s, and at my lowest circa $35. No longer smug, just plain stupid. This despite no visible EBITDA, limited revenues, massive over valuations across every asset class, and a heavy burn rate to get an auto manufacturer off the ground including new RSC’s and RAN. Otherwise, I had been a fairly conservative investor and largely avoided the massive growth stock stories and VC style plays. Temporary insanity? Not really, cause I kept gathering nuts multiple times. Now my nuts are crushed. Kicked myself in the groin.
Phase III Rivian Problem: Total lunacy, idiotic, light a pile of cash on fire. I just paid market for an auctioned R1T – and there was no alcohol involved. Tried to justify it since it wasn’t at original nosebleed thresholds of $149k or $129k. What a dumbarse. Seller is laughing all the way to the bank. Yea, could have just waited another 12 months for the R1S, and instead gave away RJ’s pre-March 1 early depositor gift. Well, to be accurate already blew that on more RIVN stock (see Phase II). Yes, vehicles are depreciating assets and we’re in a massive bubble and the Fed is taking away the punch bowl. These are known realities to finance people. Just ignored them all and plowed ahead. There’s still time for this all to go sideways as the seller has yet to receive title. What’s another mistake at this point?
There’s more buffonery. Meanwhile, my son will be learning to drive starting next month. We have no vehicles in the fleet that he should be piloting, so there’s more to come. As an added bonus, Hyundai overtly wants $10-$15K above MSRP for the Ioniq 5. Really, a Hyundai? No offense intended but this aint an Italian supermodel. This last insult may have pushed me over the edge in Phase III, which is another personal problem not being able to control emotions.
Anyone wanna buy a restored and restomodded Wagoneer, or heavily modified S7, or various other bad habits? You should buy from this guy, cause in addition to having a high level of care for my gear, I’m the buy high - sell low type.
My name is Moose, and I have at least 3 Rivian Problems.
Phase I Rivian Problem: Pretty common ailment. Put down advance deposit Fall 2021 for an R1S despite never seeing any Rivian model, let alone sitting in or driving one. Guess it would have been hard to see one before any were made. May have visited Denver RSC a half dozen times or more as it is 5 miles from the house. Hoping to push the family into EV’s as I personally have had a large V8 love affair since the 70’s and have too many dinosaur killing rigs. Despite having the attention span of a squirrel on crack, have watched even the most boring Rivian videos, some the length of a Marvel movie.
Phase II Rivian Problem: Avoided the IPO allotment at $78 and obviously missed the run up to $175. Smugly bought the stock starting at $70, and did so several more times in the $60’s, $50’s, and at my lowest circa $35. No longer smug, just plain stupid. This despite no visible EBITDA, limited revenues, massive over valuations across every asset class, and a heavy burn rate to get an auto manufacturer off the ground including new RSC’s and RAN. Otherwise, I had been a fairly conservative investor and largely avoided the massive growth stock stories and VC style plays. Temporary insanity? Not really, cause I kept gathering nuts multiple times. Now my nuts are crushed. Kicked myself in the groin.
Phase III Rivian Problem: Total lunacy, idiotic, light a pile of cash on fire. I just paid market for an auctioned R1T – and there was no alcohol involved. Tried to justify it since it wasn’t at original nosebleed thresholds of $149k or $129k. What a dumbarse. Seller is laughing all the way to the bank. Yea, could have just waited another 12 months for the R1S, and instead gave away RJ’s pre-March 1 early depositor gift. Well, to be accurate already blew that on more RIVN stock (see Phase II). Yes, vehicles are depreciating assets and we’re in a massive bubble and the Fed is taking away the punch bowl. These are known realities to finance people. Just ignored them all and plowed ahead. There’s still time for this all to go sideways as the seller has yet to receive title. What’s another mistake at this point?
There’s more buffonery. Meanwhile, my son will be learning to drive starting next month. We have no vehicles in the fleet that he should be piloting, so there’s more to come. As an added bonus, Hyundai overtly wants $10-$15K above MSRP for the Ioniq 5. Really, a Hyundai? No offense intended but this aint an Italian supermodel. This last insult may have pushed me over the edge in Phase III, which is another personal problem not being able to control emotions.
Anyone wanna buy a restored and restomodded Wagoneer, or heavily modified S7, or various other bad habits? You should buy from this guy, cause in addition to having a high level of care for my gear, I’m the buy high - sell low type.
My name is Moose, and I have at least 3 Rivian Problems.
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