sofi Technologies SoFi Technologies is an $11 stock The stock is up 60% in the past year It has performed very very well Okay Now when it comes to SoFi this is a company that in my opinion it's kind of at the cross-sections of new age banking and fintech They're digital first They don't build branches like the traditional banks of like JP Morgan Wells Fargo Bank of America those sorts of guys No no no They're digital first and foremost They also will essentially be kind of the middleman for a lot of loan activity and so that's where they kind of come in a little bit more like a fintech as well and they do a phenomenal job attracting a lot of the younger generations millennials Gen Z and I think even like a lot of the Gen Alpha folks will sign up for SoFi long term Okay Now when it comes to SoFi this has been an absolutely extraordinary growth story of a company company can grow year in year out and has very high growth rates And that's despite everything that's been going on high inflation the student loan pause everything like that has been going on And yet SoFi has been able to still put up great numbers year in and year out and have tremendous revenue growth And really that's not expected to slow or stop anytime soon The company should continue to grow at a double-digit clip when it comes to revenue for years and years to go in the future if not decades to go in the future And the reason being is they just continue to attract more and more members as their members net worths grow right Because they attract a lot of young people especially to SoFi they get more and more people in the ecosystem have more and more products to sell them right Somebody might basically try to take out a personal loan through SoFi and get a much lower interest rate so they can pay off a credit card let's say for instance right But then that customer might end up taking out a car loan with SoFi long term or a home loan or many other products Okay And so is able to attract people in the ecosystem and then have them have other products Right now when it comes to SoFi and why I think this stock's really become such an attractive stock really in the past year is this used to be a money losing company They used to lose a fortune with this company but recently they've flipped over to the magical side of profitability And this is a huge deal for SoFi not only in the short term but for the long term of this company No one at the end of the day wants to own a bank that loses money Like if you own a bank they should make bank right They should make profits And so now So flipped over that profitability side and that's huge for this company Now additionally if you know anything in the banking space what is so important The thing that is arguably the most important is what is your balance sheet looking like Okay And if you look at SoFi's shareholder equity equity it's up and up and to the right And this is so important Your balance sheet your shareholder equity is everything when you run a bank right Because you got to understand you will go through recessions You will go through bad economic times And when it comes to becoming a successful bank let me let me let me put you guys on game on how you actually build a massive bank If you want to know how like JP Morgan was built and became this massive juggernaut here's how you do it You make it through the recessions okay You make it through the crashes you get out to the other side you usually acquire other assets for pennies on the dollar and then in those good economic times you get more and more loan activity You continue to attract more and more members and you build bigger and bigger Then the next crash happens the next recession happens you get through that out to the other side and you grow bigger and bigger and bigger and that's how you become a giant like JP Morgan let's say for instance has become So so for SoFi it's just all about getting through the recessions getting through the bad economic times making it out to the other side right Making it through the 2020s making it through the 2022s right Making it through the great financial crisis 2008 Get out to the other side prosper grow your business bigger and bigger and bigger Right now this company you got to understand when you when you're ever buying into a stock the CEO is so important I feel very comfortable with the gentleman that leads SoFi Anthony Notto He's a CEO of SoFi has been the CEO for many years now at this point in time He used to be a managing director at Goldman Sachs one of the most respected financial firms if not the most respected financial firm in all of the world right He used to be the chief financial officer of the NFL And before that he was a COO the chief operating officer of Twitter way back in the day So when it comes to SoFi I think this speaks volumes because this is a stock I own in the public account I own 3,700 shares I do own in some other portfolios as well I'm up 66% on this stock and I'm still willing to go out there and buy it I still believe this stock is a steel deal And so the fact that I could be up because you got to understand it's it's easy for me personally to buy a stock I'm down on If I go down if I buy a stock and I'm like this is a great deal and the stock goes down 10 20% right after I buy it That's easy for me to buy more and more shares because I already thought it was a deal before I bought Now it's down 10 or 20% it's easy for me to buy when I'm up 66% on a stock and I'm still like this stock is still a steel deal that's that speaks volumes and that's how I feel in regards to SoFi and you got to understand SoFi today the reason I am investing into SoFi is because I believe that over the next decade SoFi can become a financial giant when we talk about financial giants in the banking space we're talking about companies that will have a hundred billion dollars plus of market capitalization SoFi today is a little teeny company in terms of market cap We're talking a little over a10 billion market cap and I believe over the next decade or so this is going to become a company that becomes a financial giant hundred billion plus market cap That's why I'm willing to place some chips on the table in regards to financials Now in regards to betting on a bank or anything in the banking space I don't want to take too much risk So you won't see me invest crazy money into it But would I feel comfortable investing $50,000 or $100,000 in a SoFi Absolutely Would I feel comfortable investing a million dollars into a SoFi No There are certain companies I would feel comfortable investing in a million dollars into SoFi because in the banking space what if we had some sort of massive recession Anthony overleveraged a company Doesn't look like he's doing that but what if he did right That would be problematic But from what I see the future for SoFi looks very promising And so I'm willing to put some chips on the table And so for me to invest $50,000 or $100,000 in a SoFi I feel very comfortable with that Okay How would you like access to all my best course curriculums My becoming master the stock market course my stock market investing mastery course my stock options mastery course my millionaire playbook How would you like access to all my best courses as well as the ability to have access to my six and seven figure plus Discord community where we're constantly keeping in touch with each other talking about what's going on in the market How would you like exclusive weekly videos from me How would you like the ability to see what stocks I'm buying and selling in my $2 million plus Fidelity account If that all sounds pretty interesting to you apply to join my private group that is going to be linked in the description area down there You can click on that fill out an application and go ahead hop on a call with Andre Andre will walk you through the whole process He'll walk you through the whole group and you can go ahead and join us in there Once again the link for that is in the description area SoFi So what's going on with SoFi Well what's going on with SoFi actually has very little to do with SoFi So basically yesterday Vlad over at Robin Hood so showed off some new things that Robin Hood wants to do right Including adding as you see the the headlines here Robin Hood keeps adding services Banking and wealth management are the latest Robin Hood is moving into banking services with luxury perks perks such as sameday cash delivery Robin Hood unveils plans for new banking products Right Boom boom boom boom boom So they're moving into banking territory right which this has people very worried about SoFi because SoFi operates in the banking space right Robin Hood CEO sees Amazon like subscription model as path to loyalty and financial services And so Robin Hood CEO Vlad is bundling more services into the company's $5 a month subscription service Listen and I believe they mentioned Costco as an inspiration here I think it's a great move for Robin Hood Great move I I I have nothing bad to say about Robin Hood in regards to the situation I think it's a natural next extension for them I don't know how successful they'll be Like it's one thing to announce something it's another to be super successful at it right Cuz you as a company you can launch a million different things right You know like if I recall you can get your eyeglasses at Costco can't you Can't you get your eyeglasses at Walmart Right Does everybody just go to Walmart and Costco to get their eyeglasses I don't think so Right You know you can get water at Costco and Walmart Does everybody go get their water at Costco Walmart No Actually a very extremely small percentage of the population does And so like people get all caught up in the short-term stuff and like oh Robin Hood announced this and they just think like I don't know everybody in the world's going to go sign up and start using banking products that are with Robin Hood No I'm not leaving my bank My wife's not leaving her bank like 99.9% of the people watching this video right now you're not leaving your bank to go over to Robin Hood and use their banking services or their robo advisors or whatever that they they announced okay None of that stuff That does not mean it's not a good move for Robin Hood It's absolutely a good move cuz they're just in a market share game They're trying to get little bits of market share here and keep adding more and more At the end of the day Robin Hood's goal I mean they have a few goals but one of their big goals is they want more and more assets in Robin Hood right the more assets they have the more products and services they can sell you It's a natural extension Okay Now with that being said that gets into SoFi right Because there's a belief like "Oh my gosh Robin Hood like you know," and it's really a one day belief but it's like "Oh my gosh Robin Hood's announcing banking related products Oh my gosh this is the end of the world for SoFi." Well what if I told you that SoFi allows you to invest through it What if I told you you could invest in stocks ETFs IPOs all types of things Do we even do automated investing through SoFi What if I told you that Does that mean the end for Robin Hood Gosh and everybody's going to use SoFi No But it's smart move for SoFi It's smart that they allow that right So some people can use that If they want to invest through SoFi they can right and it gives SoFi an ability to you know at the end of the day have more customer data have more assets on the platform those sorts of things And so just because SoFi allows you to trade stocks does not mean oh my gosh everybody's going to switch their Robin Hood accounts from from Robin Hood over to a SoFi doesn't work like that It's just a good strategic move And so the ridiculousness today with people selling off SoFi stock is very immature and is very uneducated on how the stock market how stocks work how companies work and really how business fundamentals work Because just because you announce something does not mean every like Amazon tomorrow could come out and announce they're going to have a full suite of banking products It does not mean everybody's going to go switch to Amazon to use their banking products It's not the way this works Okay So just ridiculous right And when it comes to SoFi this company's had a incredible growth trajectory They should continue to have an incredible growth trajectory over the next several years right Anthony just has to always get the company through recessions out to the other side and and you know boom in in the good times right But at the end of the day if Sovi doesn't hit their numbers over the next few years it will have nothing to do with Robin Hood That will be like Anthony and SoFi like didn't execute well If this doesn't happen it'll have nothing to do with Robin Hood So the fact that people were freaking out over Robin Hood today is ridiculous But you know it nowadays nothing surprised me in the stock market So I'm not surprised that the stock was down 6% today because everybody was freaking out over you know uh Robin Hood Oh my gosh they got some banking products Oh my gosh so silly Okay How would you like access to all my best course curriculums My becoming master the stock market course my stock market investing mastery course my stock options mastery course my millionaire playbook How would you like access to all my best courses As well as the ability to have access to my six and seven figure plus Discord community where we're constantly keeping in touch with each other talking about what's going on in the market How would you like exclusive weekly videos from me How would you like the ability to see what stocks I'm buying and selling in my $2 million plus Fidelity account If that all sounds pretty interesting to you apply to join my private group That is going to be linked in the description area down there You can click on that fill out an application and go ahead hop on a call with Andre Andre will walk you through the whole process He'll walk you through the whole group and you can go ahead and join us in there Once again the link for that is in the description area All righty next one here We'd be buying on weakness right now America private bank for some answers Good to see you You too Scott That's the key question What's the answer Run its course Yeah I think it's run its course You know everyone's been saying there's no V-shaped recovery here It's probably a jagged V Bottoming processes are underway But here's what we think is the topper which is sentiment is so poor right now Yeah And at the same time you're seeing no new lows from the previous lows on a 52- week basis credit spreads tame You've talked a lot about that The puzzle just is not there to suggest that things are going to get worse Yes there's a lot of uncertainty a lot of bearishness There's a lot of capex on their hands at this point but what no one is talking about is the potential positive surprises that are out there like earnings season True You actually think earnings are going to be good and the you think the guidance is going to be good No I think the bearishness is so poor that it's expecting that And I think that any positive signs that says you know what we're not seeing that much further guidance lower We're just seeing some stability And yes we we know what's coming down the pike and leadership changes are going on at the same time So if you get a leadership change which is happening it's been happening for months and you get all this bearishness what happens next You see these possible green shoots that occur and it catches the market by surprise We've seen this time and time again especially in March You know who's not talking about the good The administration They're not talking about the good What's the good Deregulation and tax cuts That's why the market can't see through this fog right And get to the other side to start feeling jazzed up about what is allegedly coming down the road right Yeah I think that's a good good word It's fog Uh fog is out there It's probably extended a little bit more than people want too into the summer months but markets don't wait for that They're going to start discounting things in the back half of the year in the next month or so And that could be deregulation It could be other surprises in the extension of the uh the tax cuts that we just don't talk about right now And then ultimately what happens next year I know we're getting ahead of ourselves yet but that's the real productivity enhancement is next year not this year There's still a lot of rules to be understood yet but the markets are discounting you know the all the bad right now and they're extrapolating it out And the consumer this is where it gets interesting Everybody extrapolates the bad news and all of a sudden says "Well the consumer is going to start to see that and the soft is going to go into hard data." Things are muddy right now but the consumer is resilient and we expect that to continue Why Jobs It's all about jobs We don't see anything out there that suggests jobs are going to all of a sudden in the next 6 months just create the non-growth out there that everyone is expecting What happens if you have a bad number on Friday I think it'll ultimately be more noise and it'll continue this momentum to the downside So that's why we expect this like saw to bottom not necessarily what we've beencome accustomed to which is this V-shaped recovery Okay So it's in a sense it's So uh one thing I'll push back on jobs is one very important thing everybody watching this has to watch as this year goes along Okay super important everybody keeps an eye on this It is the homebuilders and what happens with the homebuilders numbers as this year ticks along We know the homebuilders had a phenomenal new year last year They had a phenomenal year the year before and the year before Like the homebuilders been on a roll for it really started even prior to Rona Like the homebuilders have been booming for a while recently as in the past couple months here This is the first time the homebuilders are starting to get worried Okay And if you look at the home builder numbers I'm getting like I'm getting emails because I I'll sign up for a lot of like home builders email list and things like that essentially right Um I love to look at model homes and all that stuff and so I'll do that a lot in in different places right And I'm starting to see some home builders sending me emails discounting like $100,000 off a quick move $50,000 off a quick move $15,000 off a quick move in $150,000 I think I had one last week It was a multi-million dollar house They they were cutting like $200,000 off a quick move in Listen the homebuilders haven't been doing this in these markets for years in terms of straight up price cuts That must mean their business is is pretty soft and they're a little worried especially when you're going into springtime Springtime So that's the one area I'd watch Now the reason that's going to be important is if we're talking you know I always tell you guys um a new home being built is what is the best thing that could ever happen in the US economy So many jobs are created when a new home is built It's ridiculous The amount of companies that make money off that oh my gosh it's insane And if you need any proof walk around your house and just think about how many companies when that home was built or that home was built a year ago or 100 years ago think about how many companies made money off of that home being built and how many different jobs were created from that one home being built right Unbelievable So if the home builders have a really bad year with home sales this year right and then that was to lead into next year as well that could definitely hurt the economy and definitely hurt jobs and definitely you know cause a big slowdown But if the home builders are just okay then we're okay Like the homebuilders don't have to necessarily always be in boom times They just got to be in a good good place You know they're getting enough new orders to keep their workers busy all the independent contractors they use you know and whatnot and boom you're fine But if you saw like you know a massive slowdown there like great financial crisis type slowdown in regards to new homes being bought then we're in trouble But as long as that doesn't happen then you know jobs are going to continue to be there and you're you're fine in the end right So something to to keep in mind there that it's good right People are too negative What would you buy now if you were trying to look out through this fog So if you're an investor that generally speaking is usually fully invested and you've got cash coming in we'd be buying on weakness right now You want broad market exposure Agreed Look at the equal weighted S&P to add to what you already own If you're looking at sectors financials oversold consumer discretionary the worst quarter in a really long time oversold for a reason for absolutely for a reason But that's what gives you the bargains to buy into a sector that should actually show you that things are going to be stable So buy equal weight Does that mean you don't think tech is going to lead from here That's a great question Tech is splitting price to growth has come down to attractive levels for some of tech That should be more in the software Cyber security area of tech should be the new leaders over the next few years it's kind of been taking a backseat to the infrastructure end of art artificial intelligence So instead of all tech it's now splitting and you'll see some leadership in tech but not completely across the sector H I don't know if I agree with that necessarily I mean the type of stocks I think are going to lead over the next we just talk two years Okay we don't have to talk about the next 5 years 10 years I think the stocks that will lead over the next two years are going to be stocks like Amazon are going to be stocks like Meta I think Google's actually in a really good position because I mean everybody's gotten so bearish on Google with all the AI stuff and whatnot right And I think their numbers will continue to come through and they just have so many different successful business lines that that company's insane I think those will still still be a lot of the leaders I think you'll look at a stock like AMD over this next couple years and people realize oh my gosh like how did we miss that one in 2025 You know like it was a hundred barely over $100 Like how did we miss that right And so I think you'll see some of those stocks be leaders You know even a stock like MU has me intrigued recently I don't usually like a commoditized business model like MU has right But I will say their memory chips have gotten a lot more sophisticated over the years and it's not as commoditized of a business model as it used to be And um even a stock like that I wouldn't be surprised if it's a leader Like could I see MU eventually $150 a share or 200 I wouldn't be surprised at all So um you know that that's where I would look for a lot of leadership Not to say cyber security stocks like he was talking about there are bad It's just I think there's a lot of other really attractive opportunities out there from a lot of stocks that you know are are the big techs that people look at and they're like you know those are the same stocks that been kicking butt They're going to continue to kick butt Yeah they are You know like you know people been probably been waiting on Amazon's downfall for 25 years now you know and the stock still performs phenomenal you know look at every 5year 10 year basis stock tears it up you know same thing with meta right it goes through short-term bouts of volatility but the end of the day company gets bigger more successful a lot of times you don't have to play the game on the most complicated level a lot of times it's the most obvious ones that are right in front of your face that are still positioned very