My Investing Muse

Rivian $RIVN earnings will be announced in one day. The company may not have much to show on top of the delay in production.  They have costings issues and made a mess recently when they were forced to retract their "price increase".  This implies that the production cost could be much higher than initially anticipated. With a lesser than forecast production, it would mean more costs and less revenue - loss may be higher than expected and thus, a price slide looks to be possible.   Rivian sliding since Nov 2021 From the 1 Day chart above, we are not seeing any "brake" or reversal on the downtrend as yet. Till Rivian gets into profitability or breakeven, less than satisfactory earnings and guidance will have immense pressure on price.  EV plays a big role as the world transits into a more sustainable future and Rivian definitely has a part to play.  Personally, I would observe the developments on the side.  For me, it is not a time to be an investor (...

When we invest, the common goal should be that of profit.  Our personality, values & understanding play a part in how we invest.   More often than not, my emotions let me down as the voices of FOMO (fear of missing out) and YOLO (you only live once) crowded out rationality and discipline.  I have learnt through personal failings that successful investing has more to do with discipline than emotions .  Irrationality seeps in as we ponder what we could miss. Of course, there would be cases where these "gut" decisions were correct.  For me, I have more misses than hits. The other element of investing lies in the "selling of hope".  Some stocks created great anticipation leading to their listing.  Thus, it is not surprising to find these stocks being oversubscribed and their listing will be burning bright for the initial days.  Rivian arrived with much aplomb with funding from Ford and Amazon.  Amazon has placed an order of 100,000 units...