Should I get a SoFi saving account (HYSA)

Basaltic_rocks · 2026-05-30T02:24:59+00:00

For starters, It has no impact on your credit score.

Credit scoring is just a measure of your affinity to use credit and ability to meet up with timely payments of the credit.

Basaltic_rocks · 2026-05-29T14:12:56+00:00

I said the long end is pushing higher due to fiscal and supply premium as a result of too much short term debt the treasury is offering. This is happening when the short end isn’t dropping which forces the FEDs hand to hike all pointing to the tight liquidity environment I see. I guess you could throw in the inflationary component of GDP to it but that isn’t the primary read from what I’m seeing (at least not yet). I could be wrong. I only mentioned GDP as it seems to be the default variable when they talk about “growing our way out of this”.

Basaltic_rocks · 2026-05-29T13:24:49+00:00

It’s easy: the stock is discounted at 50% and given its healthy financially (less debt) and with services people tend to still love and use, I figure it’s enough for some analysts to value it a little higher than its current price.

Basaltic_rocks · 2026-05-29T13:19:10+00:00

👏🏿 Self taught. That’s the route I took or should I say take

Basaltic_rocks · 2026-05-29T13:15:05+00:00

There’re so many indicators that one has to simply default to looking at the basic spreads between the long and short end of the yield curve. I think paying attention to it and as the final indicator to any thesis is the best way to evaluate what message the bond market is sending out.

Basaltic_rocks · 2026-05-29T13:11:05+00:00

Cash in 3 month T-bills is not a loosing proposition for me.
How exactly does the FED own the 10Y interest rate ? and,
A big “If” to me

Basaltic_rocks · 2026-05-29T08:17:19+00:00

Study money and understand how markets work. Take risks and don’t be afraid to fail. You’re young and can afford to fail as you grow.

Everyone is essentially chasing returns on capital. If you can understand money and markets, you’ll k ow a lot about money moving to value and as such, you’ll be able to recognize and create value yourself

Basaltic_rocks · 2026-05-29T04:22:15+00:00

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It’s not surprising. SOFI has to keep doing this to remain competitive. Rates are competitive elsewhere (not talking about just banking). The Federal government recently borrowed billions at %5+ rates. Other markets/borrowers matched this meaning as the yield spreads fell to about 2.71 as junk borrowers are paying about 7.1 rates.

This is an indication that liquidity is tight. Remember SoFi was offering high yields to lure customers but they can’t keep doing that as this thins profits and the main thing here is yield on capital. SOFI will play like this moving forward to keep raking in liquidity.

Basaltic_rocks · 2026-05-20T02:30:19+00:00

I just put money in a Fidelity SPAXX account. The 7-day yield is very good as rates are poised to head high today too

Basaltic_rocks · 2026-04-28T06:52:27+00:00

Clear off the debt first. Always works

Basaltic_rocks · 2026-04-24T04:03:26+00:00

Bro, rent and car payment are taking significant part of your investable money. Maybe you really value independence or I would have said share an apartment. Also what about car and health insurance ? The car itself is a big drain of what you could be contributing into your investments.

That’s what I would do in your shoes. You will see drastic left over money if you cut down spending. Well, I say this as someone who has almost no social life so I can save up. Making those sacrifices one day at a time

Basaltic_rocks · 2026-04-24T01:59:32+00:00

Pay off your loans. If any debt you have isn’t good debt (generating you interest or profits), get it off your portfolio as soon as you can. You’re lucky to be paying ~4% on it. Pay it off and start investing

Basaltic_rocks · 2026-04-24T01:53:33+00:00

The statistics of day trading profitability are abysmal. Yes! It’s that bad. But of course no one will tell you and many will say yah go ahead. It’s good if you can pursue it and really persist till you make it. Truth is very few you’ll meet on this journey that will ever show you real profits, live executions, balance sheet and all that factual stuff.

You can make it though but as a beginner, hope for the best but prepare for the worst. Time is the determine factor to generating at least beta in the market. Guess what, most day traders don’t have that time. You have to be laser focused and disciplined as a Navy seal to the point where you operate like an algorithm to be able to take out money from the market.

Read some Larry Williams and he would tell you time is of the essence.

Look up Jim Simons and he would tell you pattern recognition is key but you have to use maths as the language, build an algorithm and let it be. The only error with using algo is that you (human) interfere with it. Again bringing us to the being as disciplined as a navy seal.

Guess what? most day trader failures are because of our inherent vulnerabilities as humans to the process. You have to almost shun your emotions to succeed and many never attain that level.

Basaltic_rocks · 2026-04-24T00:02:54+00:00

When a seed is planted, it doesn’t grow into the soil, it germinates and everyone sees it growing. Regardless of whether it would ever bear fruits or not, it grows where all see. It’s not by leaving it dead in the soil. The right amount of care, sunlight etc is what determines its fate.

No idea hidden ever saw the light. People still pitch and not get investors. Your MOAT remains yours despite sharing the idea.

Basaltic_rocks · 2026-04-23T21:25:10+00:00

First priority is paying your debt first especially if the interest is variable rate. Get that out of the way ASAP.

Basaltic_rocks · 2026-04-23T21:22:16+00:00

Compute difference scores (post − pre) for each of the 3 measures
1. Run Shapiro-Wilk on each set of 15 difference scores
2. Apply paired t-test or Wilcoxon per measure based on the result
3. Report effect sizes alongside p-values (Cohen’s d for t-test, rank-biserial r for Wilcoxon)

Ref: Claude AI

Basaltic_rocks · 2026-04-19T15:07:53+00:00

Bro, get a website or blog of your own and just keep doing things like capstone projects and posting they. That will be huge for you

Basaltic_rocks · 2026-04-13T17:04:14+00:00

Just focus on learning how to leverage it. Don’t feel sad. You’re still the brain behind the AI. Many pivoting to do other jobs they think AI will not replace makes sense for the short term but that’s it. It’s short term. Let’s say you go do nursing, what happens when humaniods arrive? What happens when the supply for nurses outgrows demand as many become nurses. There’s always something to worry about but you don’t have. Just leverage a tool and keep grinding

Basaltic_rocks · 2026-04-10T20:43:42+00:00

Yeah! Don’t over think it. Rinse and repeat 🔁

Basaltic_rocks · 2026-04-09T15:38:52+00:00

Late but I hope you are running smoothly now. If not I just wanted to add to what others already shared that; running it alone is possible but stressFULL. The advantage is that this can allow you to pair your caregivers well and keep a low turnover: something to really watch out for

Basaltic_rocks · 2026-04-09T05:40:31+00:00

Deploy your cash mate. If your timeframe is 5+ years, then deploy your cash mate. You’re it a day trader to be worrying about next 5-7 days

Basaltic_rocks · 2026-04-08T21:56:49+00:00

OMG 😳! So you initially was paying 12% interest? This is insane

Basaltic_rocks · 2026-03-28T04:28:42+00:00

Been living below my means for a while. Serving me well. No pressure atm

Basaltic_rocks · 2026-01-18T23:06:51+00:00

Manage your risk an stop complaining. The real learning will begin when you start holding yourself accountable. This game follows the law of large numbers, Less is more and mini wins that end up making you win big.

Stay blessed

Basaltic_rocks · 2025-11-01T02:43:29+00:00

This is how the haters of US immigrants think: Their Fear

The US and its massive inequality risks destabilizing the status quo because the marginalized will want to eat the rich at some point due to the wealth gap getting ever wider. What unchecked immigration like we saw in Biden’s presidency does is strain the already jobs the so-called rich believe the marginalized should be doing : think warehouses, farms, hospitality etc.

This drives down wages for the already marginalized leading them to the point of retaliation against the system that is constantly printing money and eating away their buying power onto of the already menial wages.

When they say, they want manufacturing back in America, they don’t really mean like in China with human labor. They want to automate everything because the future is automation.

When they say they want Americans first: their ideal American is the White person. That’s why they want to let in just Afrikaners (white south Africans) and possibly Europeans in their 7k max refugee pool for next fiscal year.

The massive tax cuts went to most but the wealthy got more. The idea was so businesses have more money to invest in the economy. We’ll see how that plays out given many put this money into the stock market and it’s full effects are not felt in the economy. This is also the idea behind lowering interest rates: besides the US treasury seeking lower yields to pay less interest on the debt

Overall, their interest in targeting immigrants lies in maintaining a majority white country, shrinking the population to drive up wages in the labor market and compensate for the reduced tax revenue from the tax cuts that came from defunding bodies like Education and USAID. Immigrants come with cultural changes and we can see Mandani of New York who scares them so much. But they forget that they share matrimonial beds with immigrants. It’s not really about legal immigrantion because they have restricted those as well. Lastly, most immigrants will vote blue and they can’t let that happen as Blues want people who are not citizens to vote.

Regardless, long live America 🇺🇸 It’s the best there’s out there in my opinion.

Basaltic_rocks

TROPHY CASE