Hello guys, Welcome to Africa's Largest Video Search Engine, and you are watching I'm DONE With SoFi Stock | SOFI Update April 2022. and this video is uploaded by Magnified Money at 2022-04-25T14:10:12-07:00. We are just promoting this video only for entertainment and educational purpose only. I hop you like our Video Search Engine. [XRCVVDiPyDU]
| Name | I'm DONE With SoFi Stock | SOFI Update April 2022 |
| Video Uploader | Video From Magnified Money |
| Upload Date | This Video Uploaded At 25-04-2022 21:10:12 |
| Video Discription | I'm DONE With SoFi Stock | SOFI Update April 2022 Click “Show More” to see my Favorite Financial Tools ▽MY FINANCIAL TOOLS▽ 💳 Credit Cards ➤ BEST Credit Cards: https://linktr.ee/Magnified.Money ---------- 💰 Chime Fully Online Banking ➤ Sign-Up for Chime HERE: https://magnified.reviews/Chime ➤ Chime Credit Builder HERE: https://magnified.reviews/Credit-Builder ---------- 🏦 SoFi Complete Money Management ➤ Checking & Savings - https://magnified.reviews/SoFi ➤ Credit Card - https://magnified.reviews/SoFiCreditCard ➤ Invest - https://magnified.reviews/SoFiInvest ➤ Budgeting - https://magnified.reviews/SoFiRelay ---------- 💸 Bankrate | Checking, Savings, and CDs ➤ Checking - https://magnified.reviews/Savings ➤ Savings - https://magnified.reviews/Savings ➤ CD - https://magnified.reviews/CD ---------- 📊 Wealthfront Automated Investing ➤ First $5,000 Managed for FREE - https://magnified.reviews/Wealthfront ---------- 💵 Current Card ➤ Current | Modern Banking App - https://magnified.reviews/CurrentCard ---------- 📸 MY CAMERA GEAR ➤ My Camera: https://magnified.reviews/Camera ➤ My Microphone: https://magnified.reviews/Microphone ➤ My Lights: https://magnified.reviews/Lights To bring you up to speed really fast on June 7th of 2021 I purchased $1000 at $21.57 per share in this video and talked about how the IPO volatility would work its way out and how I felt that SoFi stock would then head to the moon. Then later that year on October 20th of 2021 I made a follow up video explaining how I had been averaging down as the price fluctuated between 13 to $20 per share and had increased my total investment to around $10,000 thinking that there was no chance the stock price could fall much further… spoiler alert I was wrong again. Since the start of 2022 it has been nothing but bad news for SoFi and even after making a last ditch effort on March 21st of 2022 where I purchased an additional $15,000 of SoFi stock at $8.14 per share which brought my average price per share to $12.52, the stock has continued to plummet and at the time of recording this video on April 22nd of 2022, SoFi stock sits around just $6.50 per share meaning on my total investment of $25,000 i have lost over 12,000 of that. In previous videos on this topic we've talked about the many compounding catalysts that have not exactly been good news for SoFi. Obviously the market as a whole has seen a pretty significant pullback in recent months caused by international conflict and uncertainty as a result, continued supply chain issues, and a number of economic factors that have been shaking our economy for a number of years at this point. We also talked about how SoFi received their national banking charter and launched some new products as a result of that, we talked about how they continued to meet and surpass their earnings projections as well as new member signups. And we even took a look at how SoFi’s very own CEO started investing hundreds of thousands of dollars into SoFi himself just a few months ago which in my eyes was a good sign that the price could be nearing a bottom and the company was headed in a positive direction in the long term. So what is my plan going forward as someone who has already lost a ton of money from previous poor decision making on this stock. Well I'll tell you right now that I'm definitely not throwing another $15,000 at this thing. It doesn't mean that I won't try to lower my average price per share in the future but I need to let some of this market volatility cool off and see short sellers take profits before I would even consider putting another penny into an already bleeding investment. 0:00-SoFi Stock is Crashing 2:47-What is Causing This? 4:59-The BIGGEST Negative Catalyst 6:12-What is NEXT for SoFi? 8:03-My FINAL Thoughts Music from Epidemic Sound Magnified Money may receive compensation for sending traffic to partnered sites. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. [XRCVVDiPyDU] |
| Category | Education |
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