- (0:40) - What Kind Of Cars Can You Invest In and How To Do It?
- (3:45) - What Is The Profit Potential With Classic Car Investment?
- (5:35) - Can You Purchase The Car’s Outright and How Are Shareholders Compensated?
- (8:20) - Who Is Rally Rd. Made For?
- (9:50) - Rally Rd. Expansion From Classic Cars
- Podcast@Zacks.com
If you’d like to be a classic car collector but can’t afford the price tags on them, there may still be a way to own, at least, a portion of one. Rally Rd. is a two year old alternative investment platform that lets retail investors buy shares in classic cars. This is just different enough that we thought it was worth a Closer Look. Co-Founder and CEO of Rally Rd., Chris Bruno, joins me now.
1. Your company launched in 2016. What type of cars are we talking about?
2. So you offer investors a share of a classic car? If I wanted to purchase a share or shares, what’s the process?
3. Are there transaction fees just like a typical stock purchase?
4. So is this essentially an IPO for a car?
5. How do your members make money?
6. And this is all SEC regulated?
7. Can someone purchase the entire car outright while shareholders own their shares?
8. If that happens, how are shareholders compensated?
9. How big is your current collection of cars available to invest in?
10.Can you tell me how many members you currently have?
11.Is your company making money yet?
12. I read that you had planned to expand this year into possibly art or sports memorabilia. Is that still on target?
Purchasing equity shares in classic cars that, up to now, may only have been on your wish list. Taking a Closer Look, I’m Terry Ruffolo.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
If you’d like to be a classic car collector but can’t afford the price tags on them, there may still be a way to own, at least, a portion of one. Rally Rd. is a two year old alternative investment platform that lets retail investors buy shares in classic cars. This is just different enough that we thought it was worth a Closer Look. Co-Founder and CEO of Rally Rd., Chris Bruno, joins me now.
1. Your company launched in 2016. What type of cars are we talking about?
2. So you offer investors a share of a classic car? If I wanted to purchase a share or shares, what’s the process?
3. Are there transaction fees just like a typical stock purchase?
4. So is this essentially an IPO for a car?
5. How do your members make money?
6. And this is all SEC regulated?
7. Can someone purchase the entire car outright while shareholders own their shares?
8. If that happens, how are shareholders compensated?
9. How big is your current collection of cars available to invest in?
10.Can you tell me how many members you currently have?
11.Is your company making money yet?
12. I read that you had planned to expand this year into possibly art or sports memorabilia. Is that still on target?
Purchasing equity shares in classic cars that, up to now, may only have been on your wish list. Taking a Closer Look, I’m Terry Ruffolo.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>