Full time farmer, part time investor. Aside from being a proud husband and father, my passions are studying business and spending time in the outdoors. $SoFi
@realEstateTrent
$SoFi. For personal banking. 4.6% savings. Great customer service. Incredibly easy to open an account and transfer. But our move came from a small town legacy bank.
Sounds silly to pitch a bank. But I've been that impressed. For years I was so sick of fees and sub par service.
Many of us appreciate
@DataDInvesting
for his hard work. Was nice finally getting to meet Chris. Had to snap a 📸 while he was responding to a troll. He's now 651-0
@NBA
@SoFi
Joined SoFi almost a year ago. Has been so nice, they are what banking should be. Great customer service, all my accounts in one place, and 4.6% on our savings.
Do yourself a favor and stop doing business with banks that could care less about you. Very happy we switched!
New in the $SoFi app this am. Q2 started at $100 for referrals. Then went back to $75. Now at $50.
Bears will say they're in trouble and have to cut costs.
I think it means the opposite. Member growth must be accelerating! Bullish bullish sign IMO this early in a quarter!
@BarbellFi
$SoFi. FDIC insured. 4.6% return. Free credit score monitoring, free finacial advisors you can call. We switched to them as a bank a year and a half ago and wish we had earlier!
@JabroniBrains
He and Lapointe will make fools of them. SoFi isn't being hit because it's a bad business. It's being hit by MM that are alighned with finacial institutions that fear their disruptive efficient business model.
@optionscjp
Exactly the sentiment I like to see. Saving this comment so we can watch how it ages. Management can make decisions that are good for the stock price, versus what's good for the business long run.
My money will stay heavily in SoFi shares, and will continue to buy!
@NBA
@SoFi
Joined SoFi a year ago. Talk about a company that works for your business. Is so nice having all our financial accounts in one place.
Stop doing business with big banks and investment firms that could care less about you. Give them a try, they are what banking should be!
@charliekirk11
Now we need to elect a great guy named Will Lathrop as AG.
Went to high-school with him back in the day. He's exactly what Oregon needs! You should interview him. Would be great for your channel and giving such a great man some PR would be a big help!! His story is amazing!
@KyleWhiteGOAT
While everyone else is playing short term games and focusing on cyclical products. Noto, Lapointe, and the team lay down win after win.
Focusing on long term profitable opportunities will really show how smart management is down the road. Great to see!
@KyleWhiteGOAT
One of the many things bears are missing. When this part of cross selling kicks in it will be 🔥
Likely 2-3 years out, but when their efficient model speeds this process up like they did for personal loans. It's going to print $$ faster than most realize.
What things would you like to see $Sofi add? My top ideas.
1. Custodial accounts. Adding kids = likely future customers.
2. Option to give full $100 referral bonus to the person joining. I don't like the appearance I'm trying to make $$ off them.
3. Option to send customized
@womenoptionswin
If you can look at rev and member growth and not see it, I'm not sure what to tell you.
We enjoy using them and they have the best customer serv of any business Ive ever used.
Over 4000 banks in the US and in a few years they are already
#75
and likely in the 60s this quarter
@DataDInvesting
💯 fact. I appreciate that you're one of the only major people covering the company that's digging in. Some have flipped. Some call the company 💩 and others have slowed down or gotten fairly quiet with content. Keep up the good work, as always it's greatly appreciated.
@KyleWhiteGOAT
We just need to be patient. The speed at which he's growing the business is incredible. Management doesn't always want to show the hand they hold to everyone.
Moments like these are why you invest in companies with great management. Trust the process and ignore the noise!
@GrindeOptions
Macro is horrid. We're neck deep in a recession. It will hit the stock, but as a company this is a golden opportunity.
Musk built them for a margin war....many will not survive. Tesla will shine here! I own 0 shares, but can see how well they have set this up.....
@HolySmokas
$SoFi. Go on YouTube and search "SoFi original investor pitch".
@Futurenvesting
's video of Camath, Noto, and Lapointe speaking is 🔥.
Years old now, but those guys had/have a clear vision and that clip of them will one day be legendary. Brings back old school Elon/Tsla vibes
@dangerquenk
@GrindeOptions
@optionsgeneral
Will bookmark this one so we can have a good laugh down the road. Small and medium legacy banks are dying and most don't see it coming.
Saying $Sofi is going to zero would have been like arguing Blockbuster and the local movie store down the road were going to take Netflix to 0.
SoFi has a genius game plan, and their vertically integrated business will prove doubters wrong in time.
It will not be easy as investors. As some competitors fail in time. Bought and paid for analysts will lump SoFi into those at risk. Hold and time will reward your choice.
@GenXmillionaire
That's awesome, good dad right there. Have him sign up for $SoFi and get that $$ making some interest. FDIC insured bank of the future!
@peterpham
@SoFi
We joined a little over a year ago. Wish I had known about them earlier. Nice having all our accounts in one place.
I think the biggest surprise has been customer service. Right on the app it's easy to call and you get an overqualified person, with little or no wait time.
One thing I think that's unique with the $SoFi community. Is that we all have such different backgrounds, yet have one common bond.
Let other members know where you're from and what you do. How long have you been a member? Can we get every state? How many other countries?
@GenXmillionaire
Good for him. We always keep a bit sitting for bills, and it's nice to see it earn something.
Again, good on you for being a solid dad. Far to many get greedy with $$, even with their own kids.
@BlueDude76
@mrpennies1
Asking for the 20th time. Which of their competitors do you work for? People that just aren't fans of a stock don't take the time to troll it so often. Someone that's worried about the growth of a competitor would.......
Member growth for $SoFi will remain strong in coming quarters!
Management has said they will hold rates high longer than others. Add in all their other strategic advantages, and it's not hard to see why they receive so much hate.
They are a threat to the banking
@womenoptionswin
Wow, what a statement. Have been enjoying your posts and then you go full blown socialist on this one. Taking nearly half of someone's profit if they take a risk and do well and hit it big?
Taxing the rich leads to less private spending and more government spending. Bad idea!!
@thexcapitalist
IMO the only mistake SoFi has made is being incredibly predictable.
Shorts have 0 fear SoFi will provide a positive catalyst. They know they have 3-4 quarters to have fun and punch SoFi.
Hope I'm wrong, but I see them continuing to bully the company without fear of be punched.
Closed a few accounts the other day. Took a picture so I could remember what it looked like.....
Explaining SoFi to someone that hasn't tried it, would be like explaing Netflix to someone while Blockbuster was popular.....
10k people join a business day 💪🏻
@SoFi
. $SoFi
Anyone else miss blockbuster?? Friday nights, lets go get a movie! Searching for that latest release realizing its sold out. Buying their popcorn on the way out be because why not. The smell of the stores... 😌
I feel bad kids now will never experience this! Even if the movie
@ValueStockGeek
🤣🤣 💯. Made 90% on my money sitting in a tractor on my cell phone last year. Up 20% this year. Keep the farmer stereotype jokes coming!
I use $SoFi. They have great customer service. Great management and are the future of banking. Try them and you'll see......
@jhadawayfc
I really enjoy using SoFi as an online bank. 4.6% on savings. A CC that's 3% back for a year, then 2.2% on everything. I like that there are no games.
Having all my financial accounts in one place is so nice. CC points can be redeemed for $, stocks, towards loans, anything.
This is a large part of what draws people to $SoFi and makes them want to spread the word.
The example I used to pitch SoFi the other day, was legacy banks are like going to the DMV. Using SoFi is like going to a friend's restaurant where everyone is happy and helpful.
Had to call $SoFi customer support for a credit card question. Zero wait time, could understand their English, and answered my question. Happy and friendly.
@anthonynoto
your leadership filters down into your team. 👊
@Tim_Sweeney_TAR
@TheLongInvest
Tim your views are always appreciated. Time after time they look foolish, don't respond, or point to share price.
Each attempt you, Vlad, and DDI handle so well. The 3 bear hunting amigos!
@DividendDudeYT
Yes sir. Large position and I buy more each month. Future of banking. And I say that as a memeber that loves using them. Only decided to invest after.
74 th largest bank in just a few years. 10k peole join a business day. Not hard to see where this stock will head in time.
Anyone else find it interesting
@FunOfInvesting
sends $SoFi a resume, and then goes nearly dark? Interview? 🙏🏻🤞🏻🤞🏻🙏🏻
Anyone good with AI want to make a play off Roaring Kitty. Except it's Tevis leaning forward in the chair to shake Noto's hand.
⬇️ 🔥🔥SHORTS🔥🔥 ⬇️
$SoFi. By now you know I'm a big fan. Like many things about them, and it's only fair to point out criticism occasionally.
Is it a concern that the main office is in SF? As a bank is it necessary to virtue signal and sending potentially politically abrasive emails?
Is it wrong to buy shares of $SoFi while in another bank canceling accounts?
Was my 3rd attempt and I live 20+ minutes away. Painfully awkward and I was told multiple people had done the same thing that day.
Rural customers are a big overlooked/untapped opportunity.
Just as Tesla had a long journey to get where they are today. SoFi will have a bumpy road as the powers in the banking community try to crush a more efficient underdog story.
Tesla being a lean company willing to adapt, will soon cause other legacy automakers ro go bankrupt.
And you think you'll stick it to market makers by playing GME or AMC? Why not join a growing bank and give your business to $SoFi? They work for your business and everyone is so happy and helpful when you need it.
They aren't perfect, but are a much better option than ⬇️⬇️
@SoFi
@Forbes
Customer service and free financial advisors have a lot to do with it. No other business I know allows you to click and make a quick call so easily.
I've never waited more than a minute, and the people that answer are down to earth and overly qualified. Keep up the good work!
@kurtosiscapital
@SoFi
@anthonynoto
Love it....I've served on the board of a decent size company and we can't forget to also thank
@Clapointe12
for all his hard work! A solid CFO is absolutely key and as members and share holders we are lucky to have him.
As well as the many other great team members with $SoFi.
@EverythingSOFI
Cracks me up. Noto and Lapointe are as solid as they come and are playing the long game so well. The fact people freak out after red days just makes me shake my head. Few realize what they are building and how badly consumers want a product like this.
@mrpennies1
Yup. He sees the macro cracking and what that leads to. While others like Hood, are going all in with spending/starting new products.
One will be wrong as this recession unfolds. Be interesting to see play out, and I think managments approach to this is warranted.
@LivingITMoney
You'll enjoy it. We joined a year ago and it's great. Left a different legacy bank for a similar reason.
App is easy to use and it's really nice having all accounts in one place! 50k people are joing each week for a reason! They treat you well and work for your business.
@Kenmegan44
This is one of many reasons these big banks and their allies are shorting the stock so hard. A low stock price hurts $SoFi's image and reputation. While also crushing SBC that employees are paid. Lowers what they get paid hurting them and making it harder to recruit new talent.
@Ze1ooooo
@EverythingSOFI
🤣 So there are 4000+ banks in the US and in just a few years SoFi is
#74
. 10,000 people join a weekday, and that number continues to creep up.
How exactly have they lost? People love using them and continue to spread the word. I recruited 2 more members this week!
@MrDanielBuck
My wife is a school teacher. In our state the majority of the problem has to do with the union. I don't know exact amounts but a very very large share of the current budget goes to fund the pensions of retired state workers. It absolutely knee caps the schools and should be fixed
@DROPZXRP
Sounds like a great reason to join the safety of $SoFi bank. Great customer service, savings rate @ 4.6%, and 2 million in FDIC insurance!
We made the switch a year ago and couldn't be happier. Sounds half silly to be bragging on them, but they really are that good.
@DataDInvesting
@TheRoaringKitty
You forgot one very large point. It would be a slap in the face of Hood. Something he might not mind doing. All while making tens of millions once the stock ran and helped the business grow.
Why not change plans, after what GME just did diluting him and killing his positions.
@KrisPatel99
Imagine having this level of arrogance. On a daily basis riping into others and actively trying to tear them down. Hope yah learn from this KP.
Chris is seldom wrong and although can get fired up. Will always hold a debate with someone in a respectful way.
@mrpennies1
💯. Another major thing the bears overlook is just how much people despise being treated poorly by banks. Legacy banks have had a monopoly forever. They treat us like crap and people are OVER it.
Legacy can try to pivot but people won't forget that fast!
@DataDInvesting
I guess Tim and old Danny haven't given an inch!
They can laugh for now at what MM are doing to the stock. Noto and Lapointe are years ahead of so many in the way they think and have shaped the company. It's a slow moving chess match that they are 5 steps ahead on.
Sat out 2022. +90% for 2023. Will see how 2024 shakes out.... Either way, good or bad. As a farmer I can always fall back on being outstanding in my field.......
@Practicalstocks
Why do people bank with big banks that are constantly up to no good?
I farm and my wife is a teacher. We joined $SoFi a year ago. Wish we had earlier. Our traditional bank felt like going to the DMV. Painful!!
FDIC insured and 4.6% on our savings!
@KyleWhiteGOAT
Your 100% right. Such a stab in the back to those of us that worked hard to pay off our own student loans. Then turn around and tax the heck out of us to use it to openly buy votes.
@jaytatum0
Amazing person ✅️
Amazing Dad ✅️
Amazing basketball player ✅️
Amazing investor ❓️
Be awesome to see you buy 1 million shares of $SoFi. Own a solid piece of the future of finance!
Watch the videos of Shaq and Barkley talking about getting Nike stock and how that grew!
@convex_bets
@aletechview
Be greedy when others are fearful. We are already neck deep in a recession, media just can't show it on an election year.
Trading at 7-10x what 2026 EPS will be, and they tend to sandbag guidance. 4000+ banks in the US and we're
#74
in a few years. 10,000 join a business day!
💯 agree. I've wanted to do this many times. As a thank you, as a bonus, as birthday or Christmas gifts.
Huge untapped market here.
Also what a great service for our tech side to offer to retailers. PR on this would be 🔥 🔥
@FunOfInvesting
@Kross_Roads
@anthonynoto
@SoFi
I can send cash, I can send $BTC, why can't I send common stock to people? We should have portfolio addresses for sending/gifting stocks to friends/family. I want to tip people common stock.
@2GuysTake
Macro is bad, this will be expected. Plus a large number of people are switching to Fintech banks. Even once the economy recovers from this next dip, small and medium banks can't compete with the efficient online banks like $Sofi.
Netflix > Blockbuster
SoFi > Traditional Banks
@MichaelRohland7
Well said. It really is Netflix and Blockbuster.
Surprises me some can't see it. And a SoFi employee is going to be able to serve far more customers than a traditional bank. This is why I think they can hire higher quality employees. Each time I've called they are great people!
@stclairashley
Use $SoFi as a bank then. Great US based customer service. We use them for banking, invest and CC. Easy to call right off the app, and the people that answer are easy to understand and overqualified to be answering phones. Refreshing to say the least.
@HolySmokas
Grabbed a few hundred shares at $410 to swing trade. See how it plays out. Was at 17% ish down at that point and risk reward seemed ok. See how tomorrow goes.....
@FinancewithPaul
I like to use stories. I have 2 sides of family that are the exact opposite on money habits. I share the good and the bad. Along with financial decisions I've made.
They have their own $SoFi savings account vault. We match that yield so they really see the results add up!
@Jason
Politicians used to be afraid of elections. As a democrate doesn't it scare yah a bit that here, Canada, Australia, etc. That they are in no way concerned what they do and how it might effect an election. Not saying there is but it gives credit to the phony election argument
Ken, getting recognized by the big guy 👊🏽
Good on you for paying Ken a huge compliment for the time he spends.
These interactions you have 1-2 times a week with investors are very telling. It shows us you are listening and respect SoFi members enough to acknowledge them!
@SoFi
💯 I could talk about dozens of reasons I like them. But a big one many overlook is a key advantage they have.
Other banks, many online. Owe their shareholders a dividend. This is one reasons banks like Ally can't keep up with SoFi @ 4.6% on savings. As a customer you win!
@takeagander03
Barring WW3 or an incredibly hard landing for macro. They will continue to do great things, and in time the stock will follow the fundamentals.
I have a decent size position. If I lose some long term it will sting a bit. If I sell and miss a 5-10x it will really hurt!
@Karla_VBF
Funny! I've noticed with kids, you can tell how they will be with money based on how they treat candy. Some eat it all. Some trade it, while others save it until it's bad 🤣
Each of our kids have their own
@SoFi
vault and their money habits fully match this theory!
@CNBC
Ladies, watch this ad and see why $SoFi is the future of finance!! 50,000 people join $SoFi a week.
FDIC insured. 4.6% on savings. Investing, credit score monitoring, CC/travel rewards that are amazing, great US based customer service, free financial advisors and much more!
@Kenmegan44
@FunOfInvesting
Is good to see Ken!
19/20 times I get Hood ads. I've had to skip hundreds of Hood ads this year while trying to watch $SoFi videos. Pretty apparent Hood has it set up to play their ads when people search for SoFi.
@Mark_Aurelius4
@FunOfInvesting
That's the best part about investing. Two people are making a bet. I like the product and keep recruiting new members.
As long as the market wants to look over good news for small things to pick at. I will keep buying and time will tell. Grabbed another 10k shares today.
@Flobert77324715
@JabroniBrains
@anthonynoto
Would love to know what broker at times is paying people to short the stock when cost to borrow is negative. I've wondered for a long time why that's not being called out by anyone. Shady as F if true.