Credit card debt is a crisis. Americans now owe more than $1.25 trillion on credit cards, and delinquency rates are hitting record levels. The reason isn't complicated: credit cards are keeping people in debt because the math is stacked against them.
Credit cards have an average 20-25% APR, with balances that can sit for years with almost no principal reduction. Many borrowers pay mostly interest just to keep the line open.
@SoFi personal loans are the opposite: fixed term, fully amortizing, and rates now as low as 6.99% with discounts. Every payment reduces the balance - no surprise carry cost, no open-ended timeline, no incentive for balances to linger. This makes personal loans a responsible alternative because it’s an option that actually helps them move towards being debt free.
Imagine not understanding that eventually CIFR is headed to triple digits. A lot of people are studying their belly buttons and chart squiggles instead of understanding the deep fundamentals of scarce land, power, and infrastructure. Focus on the right things and become wealthy.
$sofi
Now we really know why the Big Banks are trying to kill the Clarity Act.
They're developing their own private infrastructure for tokenized deposits will not have public dataand attempts to lock out crypto companies and all other banks that aren't in that system.
This is clearly an attempt to circumvent antitrust rules and prevent competition, and of course, is led by JP Morgan.
Again, however, this private infrastructure will have to interact with all the crypto chains that are used throughout the world.
This is definitely the big banks way of challenging and trying to kill crypto. And if MSTR reports further sales after the close of market, crypto markets and companies like Bitgo and other infrastructure companies will get really cheap.
Sofi can do both, participate in that bank network and also be the rails for other banks and fintechs.
It just needs to use and grow it's infrastructure in the next 8 months.
Now you know why the capital raises were the smartest thing to do.
@TickerTapX Max diluition is 5% based on current floating shares and it will happen at a price that is about the double of the current ones.
This is extremely bullish: they use this money to have a more profitable conditions to discuss of contracts.
Be smart and think with your mind!
In January, $SOFI traded near $26. The crowd called it the fintech comeback.
Then it bled 30%. The same crowd left.
But while the price fell, the business put up its best quarter ever — record revenue, profit up 134%, 14.7M members. The price went back in time. The business didn't.
Now the biggest IPO in history is coming, and SoFi is holding one of only five keys to the door — one of only two with no minimum.
First it was a contrarian bet on a beaten-down fintech. Now it's a thesis with a catalyst attached.
$SOFI users can now sign up for a chance to buy SpaceX IPO shares before the expected June 12 debut.
Active Investing users can submit non-binding interest now and confirm orders before listing with limited allocations not guaranteed.
🚨 OMG. SEC. SCOTT BESSENT JUST WENT THERE 🔥
SEN WYDEN (D): We don't want ramblings about the most corrupt regime in history, we want facts
BESSENT: "And we'd like to hear what Adam Wyden and Jeffrey EPSTEIN talked about. Your son's largest investment position was Rick's Cabaret. So, did your son and Jeffrey Epstein talk about pole dancing as he begged him for money using your limited credibility?"
ASSASSIN.
$SOFI launched SoFi Coach which is an AI-powered financial planning assistant that helps members track spending, save & invest inside the app.
It connects to 12,000+ financial institutions through Relay with early testing showing nearly 70% of users took action.
Something big just dropped: SoFi Coach (SM) is here.
Powered by the playbooks of SoFi Financial Planners, Coach can help you track, budget, save, and invest with chat-based guidance.
Get personalized insights—and take action—right from our mobile app. And rest assured knowing your protection is our priority. Coach is backed by bank-grade security and privacy standards, so your data stays safe.
Over the coming weeks, we’ll be rolling out new features and updates to Coach in the SoFi app, starting with early access for SoFi Plus members. Get access when you subscribe to SoFi Plus for $10/month.* https://t.co/hrnR0t379s
As you begin chatting, we want to hear your feedback! How can we make Coach better for you?
$SOFI insider buys this MAY: no FA, but they might know a thing or two about the company that we don't
- Kelli Keough: Executive Vice President (EVP)
She leads the business units covering SoFi's spending, investing, protection/insurance, and savings products
- Eric Schuppenhauer: Executive Vice President (EVP)
He oversees SoFi's lending products, including home loans, personal loans, student loans, pricing, and SoFi Bank
- Arun Pinto: Chief Risk Officer (CRO).
He is responsible for the company's overall risk management
- Anthony Noto: Chief Executive Officer (CEO), the man himself.