SoFi’s Deposits have jumped more than 10X since March 31st, 2022. What is your risk tolerance?

SoFi's Deposits jumped >10X to 21.509B from 2.039B, and its Bank Ranking has jumped 5.6X to 80 from 449 since March 31st, 2022. However, the stock price actually dropped 29%. There are many reasons for the disparity and I will list the major ones below:

1. NOT PROFITABLE YET
2. Macro
3. Inflation
4. High-interest rate
5. Loan risk
6. Analysts with some misguided opinions.
7. NOT PROFITABLE YET !!!

The CEO has shown his confidence by purchasing 2,523,446 shares during the same time period. The company is clearly performing and has been beating expectations in every earning release. Anthony Noto has reiterated on multiple occasions that SoFi is “EXPECTED GAAP NET INCOME PROFITABILITY IN THE FOURTH QUARTER”

You could play it safe and wait for the stock to perform in 2024 after the Q4 Earnings Release, or invest now when the company's stock price definitely doesn't reflect SoFi's jump in Deposits or its bank ranking.

It is your money and what you decide from here on could change the amount of risk/reward you'll get from your SoFi investment.