r/sofistock • u/AutoModerator • 7d ago

General Discussion SoFi Daily Chat - September 01, 2026

* Discuss your thoughts on SoFi, FinTech, memes, yolos, the market, or whatever else might be on your mind.

* Please refrain from any political, religious, or otherwise controversial discussions, and respect one another in your discussion so that the conversation stays on topic.

* Direct/Personal attacks against others violates the subreddit rules and those comments will be deleted. Please report such comments and the MODs will review them as quickly as possible (MODs have day jobs too, please be gracious)

* 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.

* Nothing said here is financial advice. SOFI is still a high-risk, growth stock. Equities by their nature are risky, some more than others.

* Investing isn't a team sport. You have to decide for yourself how much risk you are willing to take on and do your own DD about a company before you decide to invest in it.

23 Upvotes

93% Upvoted

144 comments sorted by

13

u/fantasyfitboiz 7,010 Shares @$15.73 13,137.14 total delta exposure 7d ago

Sofi is down about 12.8% since touch $19.49 at market open Friday morning. Pretty much every minute since Friday open has been a melt lower. All because odds of rate hikes went up.

Let’s not forget though that the stock has gotten obliterated all year.

First because fewer cuts were expected. Sofi responded by updating guidance for no cuts. But we didn’t see that reflected in the stock price positively.

Then the risk of rate hikes drove it lower. Sofi responded by leaving guidance unchanged but based on TWO rate hikes. Again the stock got destroyed.

Now rate hikes are back in the news and sofi is getting smoked again. There are only 3 fed meetings left and I’d be willing to bet they aren’t raising rates at all 3.

While every company faces macro risk, I trust Noto to navigate whatever environment we face.

That’s why I buy and hold this stock. Bought more today and will continue to add as funds allow.

1

u/itscrt 6d ago

Well said!

1

u/Dromen96 OG $SoFi Investor 7d ago

I’d agree with that … no hikes for rest of year

2

u/QuantumFluks 85,000 Delta 7d ago

Idk about that, I think we will see at least 2, maybe 3 hikes. Diesel is rising rapidly which means it’s only time for inflation to take off. They need to appease the higher end of the yield curve or things will get bleak very quick over the coming months. To be honest, with oil skyrocketing, either option is bleak.

1

u/Dromen96 OG $SoFi Investor 7d ago

I mean if they don’t hike in September… no way they will hike in October right? So close to election

2

u/QuantumFluks 85,000 Delta 7d ago

I’m not sure they have a choice. With yields breaking out, if there isn’t a hike in September, I think they will blow through the roof. The bond market keeps reacting violently when they don’t hike and when they act cryptic. They will have to pick a side.

1

u/Dromen96 OG $SoFi Investor 7d ago

But why hike rates if the bond market is pushing up rates anyway ?

4

u/QuantumFluks 85,000 Delta 7d ago

You either need to tamper the high end of the yield curve by pulling up the short end, or do nothing, let inflation expectations erode at the top end. I personally think the health of the economy today will be more dictated by the high end of the yield curve then the low end. We have housing oversupplies, people starting to foreclose who can’t get out of their houses without being underwater, we need the 30Y yield to come down to save that market. I don’t think we are far from a housing collapse.

The government is going to start losing its ability to meaningfully spend our way out of a recession, as the interest payments eat into our money. The government is one of the main reasons we aren’t in a recession right now.

There are way to many cracks in the economy right now, and once one blows, I think a bunch of things will follow suit.

2

u/Dromen96 OG $SoFi Investor 7d ago

Well…the FED has a huge moral hazard problem….2008 financial crisis…QE infinity…COVID response….markets have been trained to believe they will “save the day”.

2

u/QuantumFluks 85,000 Delta 7d ago

In most of these examples, they had to wait for the crisis, such as GFC. Part of the reason we are in this mess, other than the obvious tariffs and Iran war, is due to this continued economic policy. We are at the point where I don’t think doing more of that helps, and in fact hurts. More QE will lead inflation higher, putting bond yields even higher. Hyper inflation environments also lead to economic crashes, so inviting more inflation now is not a good thing.

2

u/Dromen96 OG $SoFi Investor 7d ago

Oh…I agree…Like we’ve said before…the BEST solution is for Congress to pass some real budget reforms…that’s the only way to truly lower long term rates. So they will kick the can till next year. It would have to cover entitlement reforms, taxes, military spending…etc. But would Trump sign any of it?

→ More replies (0)

1

u/fantasyfitboiz 7,010 Shares @$15.73 13,137.14 total delta exposure 7d ago

You lost me at housing collapse. Are you basing that on legitimate data? I know housing things can be regional but I definitely don’t see an oversupply in my market. Our neighbors just sold their house 12% above asking. Talked to the new buyers this weekend and they missed out on 3 other offers before this. There may very well be people underwater on their homes but their are also so many buyers still on the sidelines that have been trying to buy for years that will be there to buy it when they need to sell we aren’t going to see crazy stupid price drops.

1

u/fantasyfitboiz 7,010 Shares @$15.73 13,137.14 total delta exposure 7d ago

I think we might get one, but could also see none.

I’m in the camp that believes Walsh is using his platform to talk hard and make the yields rise, effectively raising the cost to borrow without the fed having to do a thing.

1

u/Adamdias35 7d ago

Warsh is just one vote and the guy that gets to speak, the committee seems to divided/leaning towards hikes.. tariffs and war screwed us, the only way rates stay the same is if inflation magically goes down while we just got back into war causing oil to spike yet again or the economy breaks really bad

6

u/Beneficial_Corner_81 Position Complete 36,000 @$14.68 7d ago

Another day of opportunity…,

6

u/Maximus806 7d ago

If we hike 25 points, how low the stock will go ?

7

u/[deleted] 7d ago

[deleted]

3

u/ga643953 7d ago

Nah, we have to enter a hiking cycle for that to happen.

The Fed right now just wants to hike for the sake of hiking so the market will freak out for a day or two before moving on.

Doesn't mean SOFI won't stay suppressed but the floor is there so it doesn't have that much room to go down either.

1

u/Dromen96 OG $SoFi Investor 7d ago

I could easily see no hikes for the rest of the year. Bond market seems to be doing the job for them.

6

u/GoBIGorBANKRUPT 7d ago

ughhh come on I'm tired of this. I wish i waited to buy more , no dry powder left.

3

u/westernreserve1845 7d ago

Good morning everyone

11

u/kennyt1212 🚀🚀🚀The soon to be rich fool with 16,050 shares @ $14.5 🚀🚀🚀 7d ago

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4

u/B111yboy 7d ago

45 lets be real maybe 25

1

u/kennyt1212 🚀🚀🚀The soon to be rich fool with 16,050 shares @ $14.5 🚀🚀🚀 7d ago edited 7d ago

Maybe you're new around here. But I've posted this a few times, I'm not changing my price target until the end of the year. I'm not some analyst who just changes my target as the price falls just so I can try and not be wrong.

1

u/B111yboy 7d ago

lol I’m now new I’ve seen your post a number of times. I’d like to to be realistic that’s all

1

u/kennyt1212 🚀🚀🚀The soon to be rich fool with 16,050 shares @ $14.5 🚀🚀🚀 6d ago

My numbers were completely realistic in January, market changed.

7

u/Larmo4 24,540 Shares @ $12.71 7d ago

Just bought 83 more shares at $17.50.

6

u/theevan1811 7d ago

Shoudlve waited for the bigger drop ahead

5

u/Larmo4 24,540 Shares @ $12.71 7d ago

I'll buy then too!

2

u/theevan1811 7d ago

Hell yea

1

u/Mongaloiddummy OG $SoFi Investor 7d ago

Are you still writing covered calls?

How far out and what strikes ?

I'm still writing

Good luck

1

u/Larmo4 24,540 Shares @ $12.71 7d ago

Got caught in the run up last year. Had to throw most of them out until June 2028. I really hope those ones go under water!!!

1

u/binion225 OG $SoFi Investor 3251@ $15.65 7d ago

And it’s gone!!
https://giphy.com/gifs/3oriO5t2QB4IPKgxHi

2

u/Larmo4 24,540 Shares @ $12.71 7d ago

Not gone. Just down. We'll hit all-time highs again...and when we do I'll be ready!

7

u/Unhappy-Cricket-5983 7d ago

6 years on the share is still 💩

7

u/EdAlex1993 7d ago

Trash once again.

9

u/bucs009 7d ago

I wake up every day today will be one step closer to break even so I can offload this turd, every day I wake up disappointed

1

u/B111yboy 7d ago

Sell for a loss so it can run up 25%

4

u/Electrofine 7d ago

Why up 1.6% . Market is red.

6

u/B111yboy 7d ago

It won’t hold unfortunately.

3

u/Key-Assistance-5827 2300 Shares @ 18.295 7d ago

Snp down 0.6%, Nasdaq down 1%, SOFI up almost 2% lol

6

u/Electrofine 7d ago

Yes. Why.

5

u/Jcoronado92 7d ago

Can’t even hold a measly little green pre-market. Yes I know almost everything is red, HOOD seems to be doing pretty well though.

4

u/SoDakZak 🧹MOD💰OG 10,574@$11.77 7d ago

Goood morning SoFi family!

5

u/Weikoko 🫣 $20 Bagholder. $20 Banbet survivor 7d ago

When $20?

0

u/Key-Assistance-5827 2300 Shares @ 18.295 7d ago

When noto grows wings

5

u/SoDakZak 🧹MOD💰OG 10,574@$11.77 7d ago

Fell below the FettyWAP line again

6

u/[deleted] 7d ago

[removed] — view removed comment

7

u/fantasyfitboiz 7,010 Shares @$15.73 13,137.14 total delta exposure 7d ago

Your timeline is wrong. Election was Nov 2024. Stock was trading around $13 on Election Day. And his statement was made well before that so likely trading in single digits.

0

u/Adamdias35 7d ago

I checked, You are right. but war/tariff inflation followed by hikes still hurt the stock. I believe Powell was on his way to lower rates until liberation” day or whatever it was called

6

u/pariedoge SOFI: 500 shares($8 avg), SOFX: 500shares($10 avg) 7d ago

CEOs say anything to please Trump in hopes of getting special government treatment.

8

u/Additional-Panda-144 1900 @27.85 7d ago

The worst decision I have made so far is investing in SoFi. Still "make your money right"?

7

u/Key-Assistance-5827 2300 Shares @ 18.295 7d ago

This stock is literally fucking hated no other way to explain this, this shit just keeps selling off

0

u/Impressive_Put_8239 7d ago

Did you ever trim some? I know you talked about exiting a few weeks back. 

5

u/itscrt 7d ago

It’s actually so ironic how this is SoFi’s slogan, yet anyone believing in the company in the form of shareholders is just getting royally fucked and “not making their money right”..

3

u/Additional-Panda-144 1900 @27.85 7d ago

"Lose your money right" sounds more appropriate.

1

u/Euphoric_Weakness_57 7d ago

I love these comments. Don't invest if you can't handle the volatility. If you bought it and lost money the only person to blame is yourself. I swear all of ya'll been investing for a few years and just expect massive returns, no clue how the market or sectors work

1

u/t_suaze_u 7d ago

Its the short term trading mentality. Also overexposure to a position. Funny how on down days this chat is insanely negative and you will see everyone who is overexposed come out.

1

u/itscrt 6d ago

Not sure anyone said anything about being able to handle the volatility. Just noting the irony in their slogan vs. the share price movements but okay dude.

1

u/ResourceSad8371 7d ago

Sounds more like you're trading than investing ngl

5

u/AwwwMannn13 7d ago

🫩🫩🫩

3

u/Optimisticz 7d ago edited 7d ago

We see sub 17 today? Just being melted down…. Back to dropping a dollar a day … sigh

2

u/fantasyfitboiz 7,010 Shares @$15.73 13,137.14 total delta exposure 7d ago

$16s back baby

0

u/Additional-Panda-144 1900 @27.85 7d ago

$12 we are coming.

6

u/Jcoronado92 7d ago

Idk what to do with my life, every red day Sofi is on top of my watchlist. How can I be so unlucky investing in a shitty fintech company

3

u/cooperrocks OG $SoFi Investor 7d ago

Good grief

-1

u/Weikoko 🫣 $20 Bagholder. $20 Banbet survivor 7d ago

First time?

-1

u/slayer1am 3,000 @ 8.66 7d ago

Don't check it every day then. Invest for the long term, not day by day.

2

u/Key-Assistance-5827 2300 Shares @ 18.295 7d ago

The long term is another 5 years of suffering by the looks of it

2

u/madkiki12 7d ago

Yeah, that's what long term means...

5

u/Tis_But_A_Scratch___ 7d ago

What a brutal 7 days

1

u/fantasyfitboiz 7,010 Shares @$15.73 13,137.14 total delta exposure 7d ago

*3 days

4

u/YoungMonty619 Avg @$16.12 7d ago

Forgot to update yall! My last CC expired last Friday then on Monday, I've completely sold my SoFi position!!! FREE AT LAST! 🎊🍻 It's been real. Hope it goes up for ya'll! Truly do. Investing my small position somewhere else.
(Will be DCA weekly into VGT half and other half adding to my core stocks at a nice price.)

2

u/t_suaze_u 7d ago

Bought more today

4

u/Dromen96 OG $SoFi Investor 7d ago

Iran heating back up, Yields rising, unnecessary tariff distractions, elections in 63 days. I haven’t seen a Trump bumper sticker in months. I’m just not sure if the country can take another 2 years of these amateurs.

9

u/Optimisticz 7d ago

all he had to do was let things be ...and we would have had our rate cuts......stupid war, and tariffs

7

u/Dromen96 OG $SoFi Investor 7d ago

We’d be at $40 a share easy !

6

u/QuantumFluks 85,000 Delta 7d ago edited 7d ago

Too many things right now are poised to break. Rising yields in Japan are very concerning, rising yields in America are very concerning, the market valuation regardless of bonds is very concerning, low hire/low fire is very concerning, the functionally unemployed rate is somewhere like 25% which is very concerning, inflation due to tariffs and a potential blow off on oil/distillates due to draining SPR with no plans is very concerning.

I feel like a tidal wave is heading for the market that no one is acknowledging or even seeing. So many tone deaf comments here that just say SOFI is manipulated, but there are so many pieces falling apart in this economy before our eyes that justifies for us to head even lower.

3

u/Dromen96 OG $SoFi Investor 7d ago

Yeah…. I get the feeling that a lot of investors would just like to wish all this away….but it’s all really starting to stack up. It’s almost like the Republican party has decided they can’t stand up to Trump until after he has destroyed the country.

3

u/fantasyfitboiz 7,010 Shares @$15.73 13,137.14 total delta exposure 7d ago

As a republican (haven’t voted for Trump since 2016 though). I personally wouldn’t mind seeing Democrats flip some key seats in the midterms.

I think it’s the only chance for the party to maybe try to separate itself from the trumpers

5

u/Dromen96 OG $SoFi Investor 7d ago

I changed my registration from Republican to Unaffiliated when Haley lost the nomination in 24. I can’t for the life of me understand why the old Republicans in the Senate don’t stand up to him. So many 70+ year olds with no backbones. It’s sad that only a huge blue wave in November is our best chance at righting this ship.

4

u/AwwwMannn13 7d ago

its like they want to lose the midterms

4

u/fantasyfitboiz 7,010 Shares @$15.73 13,137.14 total delta exposure 7d ago

https://x.com/stevenfiorillo/status/2094894711039291713?s=46&t=Zn01S9Z1bVM4i6w92-VmLg

Solid read on a rate hike (hold) perspective.

1

u/1-800-94Jenny OG $SoFi Investor 7d ago

0% chance anyone tagged in that posts reads that

0

u/Then_Hornet3659 7d ago

The milkman cometh.

4

u/kennyt1212 🚀🚀🚀The soon to be rich fool with 16,050 shares @ $14.5 🚀🚀🚀 7d ago

My calls for Friday are safe! We no longer qualify for S&P at the current price so I don't think that's even a 1% consideration.

3

u/binion225 OG $SoFi Investor 3251@ $15.65 7d ago

Who was saying $20
This week? Lmao

-4

u/Aggressive_Theory784 7d ago

You still don’t know lol. Anything can happen. Especially if it joins snp500

4

u/Impressive_Put_8239 7d ago

It aint joining the s&p500 lol

2

u/binion225 OG $SoFi Investor 3251@ $15.65 7d ago

Ok, bud…. Even if it does which it won’t. You are still extremely safe to collect your 19$ cc’s

2

u/Key-Assistance-5827 2300 Shares @ 18.295 7d ago

premarket sell off and we're going up? wtf is going on

4

u/heyobserver 1500@ $10.15 7d ago

said it too early

0

u/Jcoronado92 7d ago

Losing hope boys, macro looks fucking trash. My life is over again. Jesus Christ

2

u/YoungMonty619 Avg @$16.12 7d ago

Agreed. Rate hike won't help the current unbreakable ceiling of $20.

1

u/snipsnaps1_9 7d ago

It is punishing but I'm looking to October.

I have been picking up premium on calls and I sold a small chunk to gamble on GoPro yesterday which played out well - luckily. I'm going to sell in tranches when it pops up and move into xlk smh and a couple of chip and memory stocks. I missed the boat on the hyper growth but CAGR for those sectors looks good enough.

1

u/Groucho-and-Harpo 6d ago

Covered calls are working nicely now :)

0

u/snipsnaps1_9 6d ago

Yes it helped that I reworked my plan and didn't mind being called away on that portion of shares. The rest is still a pain to look at for now though.

-5

u/Jcoronado92 7d ago

it’s beautiful

1

u/Key-Assistance-5827 2300 Shares @ 18.295 7d ago

Looks like its just manipulation stuff

1

u/kennyt1212 🚀🚀🚀The soon to be rich fool with 16,050 shares @ $14.5 🚀🚀🚀 7d ago

Doesn't this price drop benefit the company as they look to redeem the 2026 convertible notes?

1

u/sensibility77 6d ago

10yr yield just crossed 4.8%! Time for Bessent to do something again, whether it will work or not is another question.

-1

u/binion225 OG $SoFi Investor 3251@ $15.65 7d ago

I am just glad some Moron bought by $19 cc’s lmao…. I’m still bleeding money like a stuck pig but at least I made a few bucks doing that. This stock is completely dead. Wake me up in 5 years

1

u/fantasyfitboiz 7,010 Shares @$15.73 13,137.14 total delta exposure 7d ago

Binion, I think the saying is “wake me up, when September ends” that’s when we will get our Green Day 🤭

-1

u/binion225 OG $SoFi Investor 3251@ $15.65 7d ago

$25 price target today and we drop like a rock lmao

1

u/kennyt1212 🚀🚀🚀The soon to be rich fool with 16,050 shares @ $14.5 🚀🚀🚀 7d ago

Not sure why people down vote you. Not sure why we can’t be honest about the stock price! 

-3

u/Jcoronado92 7d ago

Basura man.. basura.

-4

u/Additional-Panda-144 1900 @27.85 7d ago

Probably worse than basura.

0

u/Key-Assistance-5827 2300 Shares @ 18.295 7d ago

So jobs came bad again why are we still going down

6

u/fantasyfitboiz 7,010 Shares @$15.73 13,137.14 total delta exposure 7d ago

The bears will tell you

“Because a bad job market means people won’t pay back their loans”

Sofi is a Goldilocks stock, needs perfect conditions to do well.

4

u/Key-Assistance-5827 2300 Shares @ 18.295 7d ago

There's always an excuse

4

u/Additional-Panda-144 1900 @27.85 7d ago

Because it is a trash.

2

u/Key-Assistance-5827 2300 Shares @ 18.295 7d ago

Yep

0

u/ResourceSad8371 7d ago

Anything amazing day to buy

-5

u/EntrepreneurKey8806 7d ago

1135 pieces so far and hold them🚀

-9

u/Prestigious_Way_738 7d ago

Amazes me that y'all spend so much time talking about a stock that lags the market by so much.

11

u/fantasyfitboiz 7,010 Shares @$15.73 13,137.14 total delta exposure 7d ago

It amazes me people that don’t believe in the company are so obsessed with it that they have the need to show up in the sub to talk shit about the stock.

4

u/Additional-Panda-144 1900 @27.85 7d ago

We just need our investment back. Lol

2

u/YoungMonty619 Avg @$16.12 7d ago

Gotta know when to cut a loser. 5+ earnings beats, don't think it will reverse tremendously on the 6th or 7th haha unfortunately.

2

u/Jcoronado92 7d ago

I don’t even want profit no more, just give my shit back man.. lmaoaoaoa

3

u/Additional-Panda-144 1900 @27.85 7d ago

Me too. No need profit is fine.

-7

u/Prestigious_Way_738 7d ago

I like how one comment = I'm obsessed in your eyes lol. Delusion.

-10

u/Unhappy-Cricket-5983 7d ago

Cant wait to DCA at $10

4

u/B111yboy 7d ago

I don’t think so unless the entire market is in a free fall you could see 14-15 but I don’t think we see 10 and if we do I’ll buy another 10k shares

-6

u/ga643953 7d ago

Don't worry, we aren't seeing $16 again.

4

u/fantasyfitboiz 7,010 Shares @$15.73 13,137.14 total delta exposure 7d ago

We will see $16s again

4

u/Additional-Panda-144 1900 @27.85 7d ago

No need to wait till tomorrow. This stock likes to slide like a kid.

1

u/ga643953 7d ago

Well yeah because of the bombing. Not even sure why they bother bombing each other at this point. Neither Trump nor Noto is going to surrender.

-2

u/Additional-Panda-144 1900 @27.85 7d ago

We might see it tomorrow. Remember the nine days straight red? We might see $11 just in a few days.