SoFi Member Investor Profiles: ‘Two Years to Financial Independence!’
SoFi Member Donna Ippolito, a technical product manager in Seattle, WA, has been investing for decades. Her passion: strategies that can help her investments grow. Though Donna admits she’s developed some expertise after all these years, her secret is that she’s still in constant learning mode, she says.
Donna’s Investing Story
Donna definitely enjoys some wins, but also takes lessons from the missed opportunities, she says. With a growth mindset and a learner’s spirit, Donna’s progress is impressive. Keep reading to learn how she got within striking distance of financial independence.
I started investing with my 401(k)…
Then I branched out. I don’t like leaving my money in savings or money market accounts. I aim to see my money grow.
I’m always open to what’s new.
That’s why SoFi appealed to me. It’s also easy to use. I have a regular investment account, because I like to pick stocks.
I try to be optimistic — but also strategic.
I’m a long-term investor, but I also like to play the market. If I get a nice return I don’t mind harvesting the gains so I can enjoy some of the money now. That said, there are things I don’t like: Besides losing money, I hate when I miss great deals in the market because I didn’t catch some time-sensitive event. I need to set more limit orders.
I try to learn from my mistakes.
I thought crypto might be a scam or a fad, but I was wrong.
My mantra: Be humble, work hard.
I didn’t expect the steady progress and success I’ve had over the years. There’s still so much I don’t know. But here I am — approaching financial independence. In two more years, I will have reached my target number!
What everyone should know…
I wish more people weren’t afraid of investing. Sure, there are ups and downs, but that’s why it’s important to be diligent and careful.
Donna may be approaching financial independence, but she started investing as many of us do: on square one, learning and making mistakes while gaining experience and seeing some success over time.
Donna’s investing style tilts toward growth, so she’s comfortable taking some risks and trying new strategies in her trading portfolio. When you open an account with SoFi Invest®, you, too, can embrace that learning curve, decide what your investing style looks like, and gain the skills and perspective that will propel you toward your goals. Why wait?
SoFi Member responses are from the SoFi Ambassador survey conducted in July 2021. All responses are published with the permission of the SoFi Member, and have been edited for grammar and clarity by SoFi editors. SoFi Ambassadors earn rewards for participating in the Ambassador Program.
SoFi Invest refers to the two investment and trading platforms operated by Social Finance, Inc. and its affiliates (described below). Individual customer accounts may be subject to the terms applicable to one or more of the platforms below.
1) Automated Investing and advisory services are provided by SoFi Wealth LLC, an SEC-registered investment adviser (“SoFi Wealth“). Brokerage services are provided to SoFi Wealth LLC by SoFi Securities LLC.
2) Active Investing and brokerage services are provided by SoFi Securities LLC, Member FINRA(www.finra.org)/SIPC(www.sipc.org). Clearing and custody of all securities are provided by APEX Clearing Corporation.
For additional disclosures related to the SoFi Invest platforms described above, including state licensure of SoFi Digital Assets, LLC, please visit SoFi.com/legal.
Neither the Investment Advisor Representatives of SoFi Wealth, nor the Registered Representatives of SoFi Securities are compensated for the sale of any product or service sold through any SoFi Invest platform. Information related to lending products contained herein should not be construed as an offer or pre-qualification for any loan product offered by SoFi Bank, N.A.
Crypto: Bitcoin and other cryptocurrencies aren’t endorsed or guaranteed by any government, are volatile, and involve a high degree of risk. Consumer protection and securities laws don’t regulate cryptocurrencies to the same degree as traditional brokerage and investment products. Research and knowledge are essential prerequisites before engaging with any cryptocurrency. US regulators, including FINRA , the SEC , the CFPB , have issued public advisories concerning digital asset risk. Cryptocurrency purchases should not be made with funds drawn from financial products including student loans, personal loans, mortgage refinancing, savings, retirement funds or traditional investments. Limitations apply to trading certain crypto assets and may not be available to residents of all states.