If You Invested $10,000 in Rivian 1 Month Ago, This Is How Much You Would Have Today
Long-term investing sometimes means holding on through difficult periods so that you can eventually benefit from the growth of a company's business. Some companies are riskier than others, though, so investors need to be careful, particularly with young companies in relatively new industries.
For example, consider electric vehicle maker Rivian's (NASDAQ: RIVN). Its recent rapid stock advance has been exciting, but it also highlights how risky it can be to buy into a stock at or soon after its initial public offering (IPO).
Over the past month, Rivian shares have gained nearly 80%. Most of that rise has come since just June 26. If you had invested $10,000 in Rivian one month ago, it would be worth an eye-popping $17,990 today. That's the kind of return you brag about to your friends at parties.
Source Fool.com
