I was ready to tuck my $SOFI in a drawer and forget about it but this interview from @amitisinvesting & @stevenfiorillo with @anthonynoto made me want to double down and buy more. Unfortunately like Mr. Noto I might have to go with leaps because I’ve been used my cash.
$SOFI
"Does it bother me the stock is down as much as it is year to date? Yeah, it f****** bothers me a ton. At the end of the day, we're being held to a high standard. I've accepted that responsibility and I'll work my butt off to make sure we deliver on it."
$SOFI
"Does it bother me the stock is down as much as it is year to date? Yeah, it f****** bothers me a ton. At the end of the day, we're being held to a high standard. I've accepted that responsibility and I'll work my butt off to make sure we deliver on it."
BREAKING: The SEC is set to release its so-called "innovation exemption" for tokenized stocks which will pave the path for trading digital versions of securities, per Bloomberg.
Details include:
1. In a "surprise move," the SEC is leaning toward allowing the trading of tokenized assets
2. These tokenized assets would be tradeable on decentralized crypto platforms
3. The move could "reshape the landscape of the American stock market"
4. This would also be one of the US' biggest shifts into crypto infrastructure yet
Tokenized assets are rapidly expanding.
$COIN earnings taught us a crypto company can miss est. disappoint everyone, and finish green up 4%.
$CRCL reports before market open Mon & last earnings they exploded 35% 🚀
This is starting to feel a lot like early $RKLB Fri.
Oh & CLARITY Act vote is next Thursday. 👀
Stocks are going insane into the close $QQQ $RKLB $AMD $INTC $QCOM $MU
Usually stocks sell off in last 10 minutes. It feels like someone knows we are getting IRAN peace deal over the weekend.
You can’t make this 💩. I own $COIN and $SOFI. $COIN has a terrible earnings report misses EPS by a mile with an unexpected loss and still ends up by EOD. $SOFI continues to beat or meet and isn’t even up when the market is soaring today.
Yup $SOFI is broken 🤷🏽♂️
@Kenmegan44@duketoyo123 Agreed. After using SOFI for several years I attempted to use Wealthfront's 3.25% APY Checking and savings account and it's user ability was trash compared to SOFI. Now that SOFI has SOFI plus the Wealthfront APY is irrelevant.
Now that @SoFi has become an innovative crypto first platform I look forward to getting clarity on staking rewards to better compete with $HOOD and $COIN. Maybe even a boost for $SOFI plus members.
Something deeply uncomfortable is happening to the Nasdaq-100.
SpaceX is targeting a $1.75 trillion IPO.
Nasdaq wants the listing over NYSE.
So Nasdaq is rewriting its own rulebook.
Here's what they are proposing:
1️⃣ "Fast Entry" rule: any mega-cap IPO gets added to the index after just 15 trading days — bypassing all standard seasoning and liquidity requirements.
2️⃣ A 5x multiplier for low-float stocks: if SpaceX floats just 5% of shares, passive funds are forced to buy as if it were weighted at 25% of total market cap — $438 billion of phantom weighting.
The result?
Tens of billions of price-insensitive passive dollars — your pension, your ETF, your QQQ — are legally mandated to buy SpaceX at whatever price it trades to on Day 15.
Hedge funds will front-run this guaranteed bid aggressively.
Then when the lock-up expires, insiders flood the market with shares — at the exact moment passive funds are again forced to buy more.
"If you're playing a poker game and you look around the table and can't tell who the sucker is, it's you."
The sucker is every passive investor in a Nasdaq ETF.
Made my first crypto purchase today since joining $SOFI plus. Just realized the 1% back in crypto purchases negates the 1% spread. Everyone was only focusing on the 4.50% APY in the HYSA but this $10 membership will pay for itself.