SOFI - 2 Reasons to Buy SoFi Stock Today -- and 2 Big Reasons to Be Cautious
2024-06-23 06:08:00 ET
SoFi (NASDAQ: SOFI) is arguably the most successful banking disruptor to date. It is not only positioning itself as a high-yield alternative to traditional savings accounts or as a better way to borrow money but also aims to completely replace its customers' relationships with brick-and-mortar financial institutions.
Of course, if it were easy to truly disrupt massive institutions like JPMorgan Chase and Bank of America , someone would have done it already. And many investors are understandably wary of a company that would try.
In full disclosure, I'm a big believer in SoFi. I have a substantial position in the bank stock , and it has become my primary bank. But no stock is perfect. Here are a couple of the things I'm most excited about and a couple of, well, yellow flags I see that are causing me to approach my investment with a bit of caution.
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2 Reasons to Buy SoFi Stock Today -- and 2 Big Reasons to Be Cautious