SoFi's New Weapon and How it Could Change Everything
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- Опубликовано: 10 дек 2023
- In this video I look into SoFi's recent earnings announcement, and how this could set them up for massive growth in 2024.
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SoFi is a fast growing fintech company with its hands in more areas than almost any company. From financial services, to lending, to technology APIs, SoFi is building a suite of products that will challenge any traditional bank.
SoFi started out as a student loan company, offering graduate loans across the country. They then expanded into new areas of lending such as mortgages or personal loans. While they have since moved into new areas like financial services with their apps SoFi Money or SoFi Invest, their Galileo Technology Platform, or their credit card, lending has always been there operating in the background.
In this video I look into SoFi's recent earnings announcement, and how recent changes in the company are setting them up to create a flywheel with their financial services productivity loop, potentially offering them unlimited growth in the fintech space.
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Let me know what price you bought SoFi! (if you're invested)
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7.15
6.82
7.22
Why didn’t you disclose what price you bought?
6.72
SoFi leveraging advanced analytics to tailor services could enhance user experience and potentially attract a broader customer base.
Have you considered how this move might influence their competitive position in the market?
Think about it - over time, investments have the power to outpace inflation, ensuring that your money retains its value and even grows while using a certified financial advisor which is a strategic move to build wealth and create a financial safety net.
I don't think I need a finance advisor. I can manage my own money and investments. I don't want to pay someone else to tell me what to do with my hard-earned cash.
I have a bout 14,000 shares of SOFI now. Been accumulating slowly but been with them since IPOE days. Managed to get my average down to the $7's. This is an awesome company that I am personally expecting to get to $100 share price by 2030-35.
Question I have 3500 shares at $8.20. I’m holding long term . How can I accumulate more besides buying $500 a month to Sofi stock . Should I sell a 1/3 when Sofi hits $15 then rebuy on a pull back and if so what precent or price would be best to acquire more. Is buying csn at $12 not low enough. Thank you for any advice .
@sixkings7831 if you think it's gonna be 100$ in 10 years, does it really matter?
@@sixkings7831 sorry man I can give financial advice. I don't know your circumstances. If you sell shares at a higher price & try to get back in at a lower price you'll be up for CGT. Also, you'll be timing the market & will have to get it right twice which is very hard to do. You could try that or just keep buying what you can when you can & DCA in. Not financial advice.
@@sixkings7831start to sell covered calls otm @ 10$ strike take the premium and buy more stock rinse and repeat. I’m holding 138k shares at 6.40
Your thinking will probably cost you dearly...thats market timing and doesn't work.@@sixkings7831
Hey Fin Tek, I just wanted to know do you options trade or just buy shares?
Subscribed because you convinced me to hold on my SoFi shares. I wanna buy more.👍
Thanks for this video
Xlnt video on SoFi, thanks! Pls keep them coming on SoFi. 3-5x in 1-2 yrs.
Thanks!
Over the last year accumulated over 6,000 shares. Holding LONG Term 2030.
What % of your portfolio is that ?
Hey Rockaway, went to Cardozo Jr high back in the day ...!!! Loved the beach!
@@clausbohm9807 Awesome, Rockaway Beach has come a long way lately.....👍🏻
@@jeffcordes3680 close to 10%
Same.
can we invest in sofi its self gor the invement part?
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heavy on Sofi 2500 shares @ 8.04 ave
I feel like people forgot the only reason people baught iphones was because they had 1000 songs on i tunes and they stopped producing ipods. They are a middle of the road product at a premium price. Now people are buying cloud like its music and getting locked into a self perpetuating rip off
i have the sofi etf on my watch list
Good good. Keep pumping the stonk 😅
That’s a great example of a productivity loop.
I'm happy of aofi will goto 10+ by earnings
Noto has been heavily buying Sofi stock this year. Q4 ‘23 is it’s first profitable quarter. Next 3 should be also & then S&P 500. V Bullish.
Can i ask how big ur portfolio is?
Waiting for full options to be available at sofi.
i just signed up
Ok, you convinced me I’m all in
the p/e ratio is low? why
i like the app
What are you talking about my local bank has all of these services the only thing is the stock is $9.00
will cancelling of several hundreds of student loans affect the company's revenue ?
Id like to jump in on this but as a canadian i feel like i lose out more on conversion fees than i woukd profit
I’m in the same boat. Upside is high though, if you’re holding long matters a bit less
I put 1000000000% of my portfolio into this thing. To the moon!
Not smart
That's not a smart move...too much exposure in one company.
Says sofi can give out personal loans upto $100k, how can i get that haha credit is 650 and i make $50k a year.
20k shares and buying more...
They need to lower customer acquisition costs and not dilute with stock based compensation
They have done that latter
Sofi money transfer takes too long to settle. I hate it
What the hell are you talking about making money?.. some of us bought this crap above $ 15.00 … I am sure many shareholders holding the bag. Waiting till $ 25.00 to get the hell out.
That's your fault for buying during the hype. I average mine at around $6 per share.
Not sure when SoFi will get to even $25
Mann i shouldev bought when it was 6+
It is $6+
@@braincancerwarrior uh it closed at 8.08$usd today it went up a few days Ago bud
no you shouldn't have , it may drop to 4.00 or less again
Didnt like how they took crypto away..
Im hoping that once larger players pile into crypto that sofi can re-enter the market
It was for the better
sofi is a monster
No it's not, but it could be some day
3 or 5x?
Let’s try 20 or 25x
when? 😂😂
@@user-tk2ff4qb6b 7-10 years time
it all depends on your time horizon
20x? Maybe in 50 years. $25 is what Noto himself thinks is reasonable for the bearish future
@@user-tk2ff4qb6b not in 12 months...most people are too impatient to invest long term. 20-25x from 5$ by 2030-2033
@@sterlingcampbell2116 I'm nt saying 20x in the next 12 months ....that's linear thinking
20-25x from 5$ is only $100-125.
the price is a function of the rate of growth, the multiple given (if recognized as a technology company vs being a bank) and the macro situation
barring any black swan event or a recession 20-25x by 2030-2033
I'm looking for something I can venture into on short term basis,I have about $20k sitting in my savings account
Lol 😂 $15k.... I put over $100k+.... 😅😅😅
So what? Pussyandme
Yea. I put over 100k as well, high five!🖐️These youtuber invested only about 4 or 5% of thier entire portfolio and claimed to be very bullish on sofi are simply a joke to me. 🤣
@@spawnrider9485 youtubers just do videos for passive income and clicks. I know. 😆
I've been trading since before it was sofi , a whole people on treads are saying they are denied loans when they should qualify , I believe it's should have done way better by now , needs new ceo
This didn't age well