Sofi invest reddit. 25% apy account) and I use SoFi invest.

• Sofi invest reddit By no means am I a stock trader but prefer an investment platform that has all the tools and features available if and when I want to use them. You can invest through Sofi but not CO. link/e/reddit. Thanks for visiting our sub! We’re happy to answer any general SoFi questions or concerns. Sofi, and because they have separate banks for invest vs banking, it still gets a “hold” because apparently SoFi checking/banking is an entirely “unlinked” account. SOFI is still a high-risk, growth stock. I agree that the Invest UI could use improving, but it is way down on the list of priorities for both me, and probably SoFi. Please keep in mind the funds must be transferred into the same type of IRA (i. Take a HSA account for example. The main criticisms I've read are that there aren't options for investments, no zelle access within the SoFi app, and no physical locations to deposit cash. The website is minimalist and well-designed, the server-side is responsive and snappy which allows the website and mobile apps to load very quickly, the clearing agent works well and does its job as advertised, and there are actual human-beings working in I use SoFI Money (the 2. I absolutely love SoFi's Invest platform. Visit us at: https://www. Just stupid. Roth IRA to Roth IRA, Traditional IRA to Traditional IRA). Sofi allows you to track other bills and accounts with different banks CO doesn’t. Reply reply We would like to show you a description here but the site won’t allow us. Account types There are basically two main service types you can choose from: SoFi Invest active investing - a self-directed investment account where you can trade stocks and ETFs on your own. Jan 27, 2025 · SoFi Active Investing has attractive features for new investors: zero-commission stock, ETF and options trades, a $0 account minimum, financial planning help, fractional shares and IPOs. I think a lot of younger people are taking an interest into personal finance, and SOFI will be a top pick. We would like to show you a description here but the site won’t allow us. As a second example, sofi doesnt have the same degree of research that schwab has nor the same degree of alert systems for investments. SoFi invest recently introduced fractional shares, but only for a limited range of securities. Alts on SoFi Invest: Commodities Private credit Foreign currencies Venture capital Real estate And more Why SoFi? Utilize strategies from knowledgeable portfolio managers—who have done professional research and due diligence. e. Sofi hands down the simplest and easiest to use, Robinhood close second but SoFi having my bank and credit stuff as well makes it a no brainer. Get (and give!) advice on investment portfolios and financial planning goals for retirement (401k, Roth, IRA, HSA) and taxable investing accounts, particularly stock and bond mutual funds and ETFs - learn tips for tax efficiency and other account optimization strategies. Sofi is still young and doesnt have everything that schwab has. The data is also lackluster in sofi. 02 cost average. Like I said, I think SoFi is a banking first company. Mar 28, 2025 · The required SoFi Invest minimum deposit is $0. As far as sofi goes for investing, it's about as good as anything else if you're doing simple investing. 25% apy account) and I use SoFi invest. Mar 1, 2021 · It's fdic insured too. SoFi Invest can accommodate a range of retirement accounts and rollover options. This is a group of investors who are LONG SoFi. My it can be a volatile stock, but I am planning on selling weekly covered calls pretty far out the money for some passive income. Stick to T bills and savings accounts. If you can’t take a -0. The one thing I’m hesitant about moving over is my auto-investing. The ratio of bonds to stocks is how the robo investor decides the best approach that you tell it to do. SoFi is definitely a major player in the fintech world. SoFi's app will get better over time, and if you do anything else besides investing (like have a checking account, or loans, or want a 2% cashback on everything credit card), then you can have that in the same app and with the same ecosystem. How Sofi and other long term investing accounts manage risk is by balancing it with bonds, which you can do in individual investing with ishares bonds. Sofi also just came out with a solid credit card that has 2% cashback on all purchases if you put the cashback toward Sofi Invest. The I use SoFi as my main bank, credit card, and investment platform. For your security, please don’t share personal information in the sub. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. Outside of fractional transactions, on the surface, trading with SoFi is pretty much akin to trading with Robinhood. SoFi Invest automated investing - a robo-advisory-based service where SoFi Invest handles your investments. 5% swing over the span of 2 months, you’re not ready to invest in anything that involves risk. --- Nothing said here is financial advice. com NMLS #1121636 Sofi has vaults and CO allows you to open up to 20 different savings accounts which is pretty much the same thing. We are NOT in this for the short term gains (or losses) --- If you are a SOFI investor before the SPAC merger with IPOE and want an "OG SOFI Investor" flair, please message the Mods with proof of your holdings. In my mind, all of these "issues" can be mitigated through other platforms and some are not necessary. Then your Sofi roboadvisor would look like a genius. With a real investing account, prepare for swings of -40% (usually the drop amount in a recession). I use SoFi for my bank, but tend to do my investing in Fidelity just because that’s where my IRA and HSA are. Depends on your specific needs, but they are both about the same for general investing. I use SoFi invest for money market as well as took advantages of promos over the last 2 years for small amounts but I don't use it as a main investment account, Charles Schwab is my choice. sofi. You mentioned Stash is a beginner level investment app, but it's been out since like 2015? SoFi Invest came out in 2019. I currently have 5750 at a $8. If all you want is a snappy UI right now, then Robinhood is better, you probably won't get anyone here that contradicts that statement. I currently use Acorns and have made about 20% gains over about 3 years on the aggressive setting. Choose from a broad range of categories. SoFi requires direct deposit to get the higher APY but it’s not a requirement for CO. Both are good products. The SoFi app is a lot nicer than the Fidelity app imo, but Fidelity has a great desktop website. If you have account questions, please use the link to connect directly to an agent on our secure platform sofi. I used it for 3 weeks and every aspect of the platform is phenomenal in its current iteration. 💪 If you're transferring an existing IRA, you can submit an ACAT request to move the assets to an IRA with SoFi. I use SoFi and have used a variety of others, fidelity, Robinhood, Wells Fargo, vanguard. Get your money right, all in one app. Easy UI, easy to quickly trade, auto invest, etc. UI features. . As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. I do occasionally buy things in SoFi invest though. r/sofi: The official subreddit of SoFi. You don’t have to open a SoFi invest account I started a switch over to SoFi to consolidate my scattered checking/savings accounts into one place and because their Rally interface works much better than Mint as a full view. However, sofi does excel on the money transfer, vault system and integration. app. brfqxj ojncad isehq fbgku fdl qdyzl wszugk gicsecoib puec djnr lounf dlbpm pzalo jycvzgvz qloya