Great Concept but DON’T INVEST – Rally Rd. - Invest, Buy & Sell Review

This app has a great idea that you can invest in assets such as cards, cars, books, and many other things. First, Rally Road buys these assets at a premium price then they offer shares about 20% higher than they paid. But that’s not the issue, the issue is trying to sell an asset you buy into. On a “trading day” (happens like every 3 months or so) people will manipulate the price by putting in massive buy orders that aren’t close to the clearing window and then back out in the last minute. This ultimately drives the asset price down or doesn’t justify the actual price of that asset. For example I bought into a Tom Brady rookie auto. I saw they bought it on eBay for $37,000. They sold shares for $45,000. I continued to monitor eBay to see where it was trading at and the last one that sold prior to the “trading day” was at $90,000. I thought I was going to double my money. Well on trading day it only cleared $68,000 and then 3 months later it went down and I sold out at an evaluation of $67,000 even though consistently the card sells for $80,000-$95,000. I’ve had other assets that flop 50% or more on “trading day” due to the manipulation (Buzz Aldrin Control Stick flopped 60% which doesn’t make any sense, I would understand a few % move but not 60%). That being said it is really hard to get your money out and you won’t ever get a true evaluation of the asset. I would definitely not recommend putting money into this app!
Review by Willy2123 on Rally Rd. - Invest, Buy & Sell.