Boiler Room: The Official Stock Market Discussion

Rekkapryde

GT, LWO, 49ERS, BRAVES, HAWKS, N4O...yeah UMAD!
Supporter
Joined
May 1, 2012
Messages
148,417
Reputation
26,489
Daps
498,819
Reppin
TYRONE GA!
I still believe SoFi is a better investment than Robinhood. SoFi owns Robinhood's payment platform and SoFi is really way more than investing. It's a one stop shop for people's financial needs. I started investing with SoFi and now I use them for my primary checking account. If I had loans I could refinance them with SoFi. They have a 2% cash back on all purchases credit card. SoFi also now has a bank charter.

Robinhood at least right now is basically just an investing platform. A single customer to SoFi is more valuable than a single customer to Robinhood because that single SoFi customer will likely do business with that company on multiple fronts.

Yeah, I'm about to close my robinhood account. I have some SAVE and Royal Caribbean stock on there but that's it. Only like a rack's worth.

Good info tho.
 

mson

Veteran
Supporter
Joined
Sep 10, 2012
Messages
53,791
Reputation
6,816
Daps
102,253
Reppin
NULL
I still believe SoFi is a better investment than Robinhood. SoFi owns Robinhood's payment platform and SoFi is really way more than investing. It's a one stop shop for people's financial needs. I started investing with SoFi and now I use them for my primary checking account. If I had loans I could refinance them with SoFi. They have a 2% cash back on all purchases credit card. SoFi also now has a bank charter.

Robinhood at least right now is basically just an investing platform. A single customer to SoFi is more valuable than a single customer to Robinhood because that single SoFi customer will likely do business with that company on multiple fronts.

RH also has cash management.
 

winb83

52 Years Young
Supporter
Joined
May 28, 2012
Messages
45,428
Reputation
3,756
Daps
68,817
Reppin
Michigan
RH also has cash management.
SoFi is basically mint.com(track all your finances and credit score), investing stocks and crypto, savings and checking account with cashback offers, 2% cash back credit card, student / private / personal / home lender all in one also they own Galileo the payment processor many of these fintech startups use.

Robinhood is an investment platform for stocks and crypto with a cash management account.
 

Deafheaven

Gleaming and Empty
Supporter
Joined
May 11, 2012
Messages
21,227
Reputation
2,926
Daps
62,542
Probs selling a bit of my NiO profits and throwing more on SOFI

may sale off apple too because as safe it is with the way the market is now and me having some throwaway money I'm not adverse to aggressive moves :francis:
 

Scholar

Superstar
Joined
Dec 11, 2015
Messages
8,939
Reputation
795
Daps
24,342
I see you breh you ain’t slick trying shake the weak hands.
:mjlol:

Nah I'm not lol. They are a growing company they honestly do need the money. On the last earnings call the CEO talked about wanting to massive grow their sales team.
 
Top