Rivian is a new and exciting automotive company, but is it right for your portfolio?
Written by
Written by
Written byEdited by
Edited by
Edited by otherUpdated
Addas a preferred source on Google
NerdWallet is committed to editorial integrity.
The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.
How to Start Investing in StocksWhat Is the Average Stock Market Return?How to Make Money in Stocks in 2026: 6 Easy StepsHow to sell stock: A 3-step guide for beginnersHere's what to consider when thinking about buying Rivian stock and how to buy it.
How to buy Rivian stock
You can buy Rivian stock through a brokerage account. You'll need to add money to the account and then search for "RIVN" within the brokerage's platform. You can't buy Rivian stock directly from Rivian the company.» Check out the best brokerage accounts for stock trading» Check outBrokerage firms
With many car companies making eco-friendly promises left and right, and without too many actual electric vehicles on the road, it can be hard to know where the EV industry is headed.To sift through the noise, it's worth doing your research. Look at competitors, car reviews for the emerging EV models, and company health indicators, such as debt and revenue. This information can help you make sound decisions.For more tips, see our guide on how to research stocks.
2. Consider Rivian in the context of your existing portfolio
Your investment portfolio encompasses all of your assets. Think about your 401(k) and any investment accounts, such as a traditional or Roth IRA. What investments do you already have, and how would Rivian fit into the mix?If you have an IRA chock-full of technology stocks, adding Rivian may overbalance that sector. On the other hand, it might be something to consider if you have a well-diversified portfolio and want to put a small amount of money into Rivian after reviewing the company's financial information.It's also important to consider whether you can afford to lose the money you'd be putting into Rivian. For example, it may not be worth the risk if you think you will need that money in less than five years.Risk itself is another factor. Rivian is a newer company with an unproven track record. How confident are you that Rivian will survive the early stages and rise to the top? Any investment you put into a single stock should be made with the knowledge that it is possible to lose your entire investment if the company goes out of business. A good guideline is to have no more than 5% to 10% of your portfolio in individual stocks.» Dive deeper: Read more about EV stocks» Dive deeper:
3. Open a brokerage account
If you already have a brokerage account (think a traditional IRA, Roth IRA or standard brokerage account, but not a 401(k) or another employer-sponsored retirement account), you can skip ahead to No. 4.If not, opening a brokerage account is easy. An investment or brokerage account is where you'll invest and hold your assets. The process takes about 15 minutes, and once your account is open and funded, you'll be ready to buy stocks, funds and other investments.
4. Decide how much to invest in Rivian
If you've decided Rivian stock is for you, your budget will partially determine how much you invest. Since the stock debuted, its price has ranged from $172 to $20. Say the stock is currently worth $30 and you have $100. You could buy a few shares for $30 each, but if the stock jumps to $150, you couldn't buy any.If budget isn't a concern for you, you'll need to decide how much of your cash you're willing to invest.You'll also need to determine what type of order you'd like to use: a "market" or a "limit" order. A market order is when you tell the brokerage to buy the stock as soon as possible. As a result, the final price you pay might be slightly different than the price you see when you place the order. A limit order is when you tell the broker that you only want to buy the stock at a specific price. If the stock isn't available at the price you specify, your order won't go through.» Ready to learn more? Check out our guide on how to buy stocks» Ready to learn more?Neither the author nor editor held positions in the aforementioned investments at the time of publication.Neither the author nor editor held positions in the aforementioned investments at the time of publication.Explore more on
Addas a preferred source on Google
About the author BensonAlana Benson is an editor who joined NerdWallet in 2019. Historically she has covered a wide variety of investing topics including stocks, socially responsible investing, cryptocurrency, mutual funds, HSAs and financial advice. She is also a frequent contributor to NerdWallet's "Smart Money" podcast. Alana has appeared on FOX Houston and the "PennyWise" podcast and has been quoted in MarketWatch and The Sun. Before joining NerdWallet, she wrote two books on identity theft and several young adult nonfiction titles. Her work has been featured in The New York Times, The Washington Post, The Associated Press, MSN, Yahoo Finance and MarketWatch.Published inBest Financial AdvisorsBy Tina Orem, Alana BensonFind a Financial Advisor Near You | NerdWalletBy Diego Gil (C)How to Choose a Financial Advisor in 5 StepsBy Taryn Phaneuf