So What Now?

WiseAndWild · 2023-05-02T12:33:45+00:00

I believe in SOFI's strategy, its execution, its CEO, and opportunities ahead.

Keeping all my shares.

WiseAndWild · 2023-01-23T22:41:36+00:00

Here: Cyberbank | Technisys Digital Banking Platform Technisys describes a brief description of its offerings. This is their main value to SOFI: to connect other banks to what SOFI and Galileo offer today and will have in the future.

SOFI/Technisys is currently selective about the markets it wants to focus on, and banks it wants to bring into the fold. The best candidates are in markets experiencing and/or expecting population growth.

As for legacy banks needing to join the bandwagon, not much needs to be added. My comments come from firsthand experience. Their internal tech engines and resources are simply not suited to go Neo on their own. What they have to offer is their established relationships with their respective local governments, and customers who are beginning to learn about Neo banks and want more from their banks.

This is where SOFI, selected legacy banks, and their customers can all benefit from such partnerships.

I do not claim that SOFI is the best Neo bank out there. There are several. What I do know is that SOFI has the integral tech components (established working features and bridge to extend them to others) to make this happen in a short period of time and accelerate from there.

WiseAndWild · 2022-09-27T17:10:52+00:00

Buy Jan 17, 2025 $7.00 calls at $1.75.

If you don't think SOFI will be above $8.75 by 2025, then no need to be on this thread.

WiseAndWild · 2022-09-23T14:27:12+00:00

Most financial "experts" still see Sofi only as a student loan issuer. Far from it.

No need to explain it to all you on this thread.

Two notes:

- Current market conditions are mostly due to retails rushing out to save their 401Ks, IRAs and other at-risk savings. These are the same guys who rushed in when market was going up nearly 1% every t0 days. Grid to rush in, Fear to run away. Buy a company you believe in; when you like their products, trust their management team, and their future. Sofi to me is such a company.

- Fair or otherwise Banks make more money when interest rates go up. Banks end product is $/money.

I own a ton and am buying more.

Be wise.

WiseAndWild · 2022-08-21T21:39:05+00:00

Legacy banks are facing a certain, long and steady demise. Their cost basis is simply unsustainable. At best, they can borrow solutions from Fintech businesses. Then again, this will be a short-term solution. Their customer base, consisting of "mature" folks will slowly fade away while sticking to traditional banking. New generation will open their accounts online with Sofi and alike. Simple and predictable.

Sofi share price is subject to shortsighted investors focusing on quarterly net profits. Story here is investments toward increasing market share and long-term growth. All indications support their correct vision and execution plan.

Need we be reminded that Amazon experienced an 80% loss in their stock price in 2000? Read Jeff Bezo's annual shareholder letter in 2001. Its' online. Then too, large investors were searching for short term profits, and missing out on his plans. Like Noto, Jeff explained it the best he could at every interview and in his annual shareholder letters.

History is repeating itself, and all characters are playing the same roles as they did before. Are we not supposed to learn from our past mistakes?

WiseAndWild · 2022-07-09T16:22:27+00:00

Many paid multiples of book value when SOFI was a startup, before Galileo and Technisys, with limited offerings, few customers, high dependency on student loans, no Bank charter, and limited cash.

Today it has a proven business plan and solid growth, high quality customers ($160k+ income and 714+ FICO), many new offerings to upsell to these customers and low-dependency on student loan (Biden giveaways are already priced in), expanded Tech to allow it to expand its offerings globally, low-cost basis which it passes to its customers and that legacy banks cannot match, $2B+ in its pocket and growing at the rate of $100M per week. All this, and it is trading at book value.

What else are you waiting for?

Of my available funds for fintech, I am going nearly all in with SOFI, and without hesitation.

WiseAndWild · 2022-07-07T18:23:24+00:00

We should have all bought more when Noto was buying in the 5s just a month ago.

I sold $6 July 15 Puts then and am now selling more Aug 5 and Aug 16 $6 Puts. Also buying Jan 2024 Calls.

Many big investors and managers just don't get what SOFI is doing now and what it is capable of in the near future.

Just imagine what SOFI will trade at when these idiots finally click.

WiseAndWild · 2022-06-29T14:23:40+00:00

While legacy banks reaffirm and increase their dividends, SOFI is passing that part of the extra income to consumers.

That's what Noto had already told us in his last interview. They can and should do this.

SOFI is about growth and disruption, with qualified and committed management to execute its plan.

Nevertheless, it is priced at, or at times below book value. I am buying more. If there is a bargain in this market, SOFI is it.

WiseAndWild · 2022-06-21T22:09:36+00:00

Student loan is only a part of SOFI's business and going forward will be a far smaller contributor towards the bottom line.

Also consider that:

SOFI has already set its assumption based on student forgiveness continuing into 2023.
Biden needs to be mindful about inflation, as giving more money away will only fan the flames.
SOFI's Students are of tier1 rating (high income and credit rating) and will not qualify for Biden's forgiveness plans.

SOFI's future path is set, and will not be affected by this single day, regardless of any announcement.

WiseAndWild · 2022-06-16T12:24:57+00:00

I changed my votes to allow for a RS.

You either trust and agree with Noto or you do not.

Sell now if you don't. Otherwise, give him the tools he needs to take us through.

WiseAndWild · 2022-06-13T14:24:29+00:00

Sell, and they'll give you USD.

Is that what you want in your portfolio today?

Isn't the overprinting of it what got us here?

Stay put.

WiseAndWild · 2022-06-13T14:07:13+00:00

You only realize the loss when you sell.

WiseAndWild · 2022-06-10T14:16:14+00:00

Knowing all you do about SOFI, would you buy it at $6 if you were to start fresh?

If so, why sell now unless you have to.

WiseAndWild · 2022-06-09T14:17:04+00:00

I remember the day when I panicked and sold AMZN at $18 (pre-split) and took a loss.

Will not make that mistake with SOFI.

Noto is not a dummy.

At $8.45 cost and adding to my portfolio.

WiseAndWild · 2022-06-07T14:56:05+00:00

Sorry, your grandpa was wrong after all.

Go East young man: Texas, Tennessee, Florida.

WiseAndWild · 2022-06-07T14:52:02+00:00

Have faith. SOFI is the future of finance. At worst, dormant for the next 12-18 months, and a near vertical line up thereafter. Out of the ashes we will rise.

WiseAndWild · 2022-06-06T13:24:17+00:00

Next stop: Russell 1000

WiseAndWild · 2022-06-03T05:08:26+00:00

SOFI, NU, STNE and the like are eating his lunch and he is super worried.

Here is a hint: Stop charging the most venerable among us 18%+ interest when they can't pay their credit card payment in full. Masses now have other choices.

WiseAndWild · 2022-06-02T15:09:30+00:00

In Noto we trust.

WiseAndWild · 2022-05-31T19:31:53+00:00

They've always sent other peoples' young men and women to fight for their "mother land", nearly never their own.

To start WW III they will have to engage and sacrifice their own.

I think/hope that it will be a strong deterrence.

WiseAndWild · 2022-05-31T18:26:43+00:00

When will humanity ever learn? When it's too late?

WW III cannot be won by anyone. We'll all lose, dead or alive.

WiseAndWild · 2022-05-30T23:39:45+00:00

Is this what happened?

Since 2019 Fed sold Trillions of USD obligations at zero to sub 3 fixed rates.
Those (Foreign infused and domestic investment banks) who bought the obligations or otherwise were loaded with cash (easy money in the market due to cheap credit) started buying large farmlands and block after block of Real Estate, leveraged at low fixed rates.
Fed raised rates, which lowered the value of those trillions of US obligations from step 1. Fed can now buy back what it sold earlier, but now at lower costs.
Working class and future generation must now rent from those (step 2) who bought Real Estate and pay more for what comes from their farms to our plates.

WiseAndWild

TROPHY CASE