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SoFi Blog

Tips and news—
for your financial moves.

Match Day Milestones—Medical, and Now Dental Too

Today represents a huge milestone for tens of thousands of medical students about to embark on the next stage of their medical careers: Match Day. If you’re a resident, we know you’ve been anxiously counting down the days. And if you’re friends with a 4th year medical or dental school student, we know you’ve been dealing with their anxiety. And hopefully for both of you, today is a huge relief.

We here at SoFi wish a hearty congratulations to all soon-to-be residents who have spent many sleepless nights in the library, crisscrossed the country interviewing, and are readying yourselves to become our next generation of health-care providers.

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Money, Love, and Pure Deception: How Couples Really Deal with Finances

They say falling in love leads to happily ever after. But when you throw money in the mix, that ending can get complicated.

Couples frequently have issues around finances, whether it’s about budgeting, debt, spending, or simply aligning on future goals. But how they deal with those issues can be a different story. While some fight and get it all out in the open, our recent survey on the topic suggests that plenty of couples prefer to keep their money troubles under wraps—including from their partner.

After surveying over 3,300 couples across the U.S. (ages 18-45), the SoFi team dug into the details of financial infidelity, and discovered which kinds of money-related experiences can cause even the most communicative of partners to keep their other half in the dark. Just in time for Valentine’s Day, here are a few eye-openers around money, love, and pure deception.

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SoFi Turns HQ Trivia Losers Into Winners (and Investors) with #SoMoneyEntry

“Losing doesn’t make any cents. ” – A popular quiz show host

We here at SoFi couldn’t agree more—which is why we’re turning some HQ Trivia losers into winners this week. SoFi is on a mission to help people reach their financial goals, faster. To get you motivated in 2018, we’re giving up to 200 HQ losers a second chance of winning every day for five days starting on February 12th.

Here’s what you could win from SoFi: $25 in a SoFi Wealth account, and our So Money card game.

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The Market Went Down—What Now?

The S&P 500 has fallen more than 10%. The Dow drops more than 1,000 points.

I’m sure you’ve seen the headlines about the market movements over the past few days and might be worried. That’s not surprising. If you own stocks, they may have lost some value, which doesn’t feel great.
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But, let’s put this dip into perspective. In Wall Street terms, we’ve been in what’s called a “bull market” since 2009. A decline of 10% or more in a bull market—which we’ve sseen in the past few days—is called a “correction.” Bull markets in the past have averaged about one correction a year. The last one we had was February of 2016, so we’ve been overdue.

But here’s something else you should know: While Wall Street traders might be panicking a bit, for the average investor, like you, there’s no cause for alarm. The economy still appears to be on solid footing if you look at things like unemployment and company earnings. And in many ways, this market dip was expected.

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