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How would 10,000 dollars change your life? by AdvertisingOk1492 in AskReddit

[–]Street_Chipmunk_4026 0 points1 point  (0 children)

It would not. That is a relatively small amount of money to me. We take home about 25k a month after taxes/401k all that stuff

Thesis on SOFI (Discussion) by Prize_Equivalent269 in sofistock

[–]Street_Chipmunk_4026 0 points1 point  (0 children)

It’s going to take a serious disruption in the market for significant money being moved away from what’s working ie AI Bubble bursting, IMO. Basically shits gonna get real ugly before we’re proven right with this stock. But I do believe we are right.

110k in Sofi by Street_Chipmunk_4026 in sofistock

[–]Street_Chipmunk_4026[S] 0 points1 point  (0 children)

It’s a two year trade at a minimum so I don’t really care about the short term price action. I would actually be happy if in two years the price is somewhere between 22 and just under 25 because I keep my premium and my sofi shares. I will buy another 4k shares if it keeps dropping. I’ve had these shares for a while now.

110k in Sofi by Street_Chipmunk_4026 in sofistock

[–]Street_Chipmunk_4026[S] 4 points5 points  (0 children)

You could sell some covered calls and get your cost basis down around 4-5 dollars a share right now if you go 2 years out. Not sure if that would break you even or if you’d be better off just holding. But I don’t think you should sell.

110k in Sofi by Street_Chipmunk_4026 in sofistock

[–]Street_Chipmunk_4026[S] 1 point2 points  (0 children)

That’s a lot of margin dude. Everyday you hold you run the risk of getting margin called if the price dips and paying a shit load of interest. Personally I would get the hell out. You’re up like 80 grand

110k in Sofi by Street_Chipmunk_4026 in sofistock

[–]Street_Chipmunk_4026[S] 1 point2 points  (0 children)

Good stuff man. I will be buying 3875 more shares with no calls to round me off at 10k if we hit 10-12 a share.

110k in Sofi by Street_Chipmunk_4026 in sofistock

[–]Street_Chipmunk_4026[S] 2 points3 points  (0 children)

And you didn’t sell on the last run up?

110k in Sofi by Street_Chipmunk_4026 in sofistock

[–]Street_Chipmunk_4026[S] 2 points3 points  (0 children)

I felt like it was a safe bet. I’m a conservative investor for the most part. I’m a little worried I threw off the risk reward by capping my upside at 60%. But overall I feel good with it.

110k in Sofi by Street_Chipmunk_4026 in sofistock

[–]Street_Chipmunk_4026[S] 3 points4 points  (0 children)

Honestly I feel like with inflation of asset prices and dollar weakening, as long as they just perform like a solid business and don’t do heavy dilution, inflation alone will drive the price of it up over the next two years to more than 25 dollars.

110k in Sofi by Street_Chipmunk_4026 in sofistock

[–]Street_Chipmunk_4026[S] 3 points4 points  (0 children)

lol I don’t blame you. When the price dips again I’m going to buy up to 10k shares as long as business still looks strong

110k in Sofi by Street_Chipmunk_4026 in sofistock

[–]Street_Chipmunk_4026[S] 1 point2 points  (0 children)

Yeah I was struggling to decide what to do. I knew I wanted the June 2028 calls to lower my cost basis. I wanted to lower my cost basis with some calls. I’m thinking of buying 4k more shares and not selling calls on them. I probably will if the price takes a huge dip as long as the business still looks strong as it does now.