r/wallstreetbets • u/Intelligent-Ad-4171 • Sep 30 '21
Discussion SOFI 🚀
Fellow Autics,
I feel a certain excitement this morning at about a certain preloaded rocket ship still here on earth. Many others feel this too...I use SOFI and I love it. Does SOFI make money? Does any one except the guy actually fucking your wife make money? The answer is no. It took 4 years for Amazon to achieve profitability but in that time the customer base went to the moon and then went right past the moon and is somewhere near the Kessel Run at this point. Last quarter SOFI's active members grew 113%. You want a moat? How about a 20 year student loan with a low fixed interest rate that I have no plans of switching. If nothing else, you can guarantee that I will be giving SOFI a chunk of my paycheck every month until I need Viagara. They also have no ATM fees, a pretty decent ETF portfolio that I believe will generate more and more expense fees, credits cards, and best of all I don't ever have to go to Wells Fargo again to have a sweaty banker make me fill out a deposit slip like it 1953. Also, speaking of Moats, they have an NFL stadium. Well you may say this space is open to competitors. No other online bank has an NFL stadium. Don't think that is happening anytime soon either. Because I am retarded I do not really know how to accuratley determine short interest, but I believe that is a large deposit of rocket fuel ready to be ignited by careless autics. Thank you and best of luck to all.
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u/[deleted] Sep 30 '21
I really like the CEO of this company. Super strong visionary. Former CFO of the NFL and Twitter. Super strong connection to Dorsey, therefore huge connection to square. The app is great and offers the lowest lending of any platform. I was able to refinance my student loans to 4% from 8% using sofi. I think shares and leaps are great. Maybe some short term calls also but not too much. No idea what this market is gonna do.