09/17/2020

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SoFi Blog

Tips and news—
for your financial moves.

sofi wealth, market commentary

The Fed Sends a Clear Signal – Week of Oct. 17, 2016

Stock prices fell last week in the face of rising interest rates and mixed economic data. The 10-year Treasury yield reached its highest level since early June as the market-derived probability of a Fed hike in December rose. Rising yields pushed the dollar higher against most other currencies, hurting returns in international and emerging market equities. We see bond yields leveling out in the coming weeks and remain constructive on U.S. growth.

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Digital marketing tips for dentists

Dental School Grads: How to Grow Your Digital Presence and Build Your Business

In 2016, after 10 years in the online marketing industry, Christopher Brown and Michael Mazzuca founded DIGI SEARCH, a dental- and medical-specific digital marketing agency. The two built the business on insights gained while Chris was growing his family’s practice through innovative digital marketing campaigns.

Christopher is also a proud member of SoFi’s Entrepreneur Program, which empowers a select handful of promising entrepreneurs by giving them financial flexibility, access to investors, and a support network of peers and mentors to help them succeed. Since joining SoFi this year, DIGI SEARCH has more than doubled its client base.

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#SoFiStartups with Upkey co-founders

#SoFiStartups: Upkey—Reinventing the College Job Search

For any startup to succeed, it takes talent, intelligence, hard work, and a love of innovation. It also helps to be connected—to have people looking out for you, especially when you’re on your way up and in need of that first big break. SoFi Entrepreneur Program member Mark Pawloski started Upkey with friends Mo Bitar and Amir Badr to help college students who didn’t come from elite backgrounds get noticed by more elite employers.

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Investing advice for single people with no children

Save (For) Yourself: Investing While Single

Let’s get the ugly truth out of the way up front: A lot of Americans don’t have great financial planning skills. More than half (56%) have saved less than $10,000 for retirement, according to a March 2016 GoBankingRates survey. And 49% of U.S. adults with a self-directed retirement account, such as an IRA or 401(k), lack the confidence to invest iwt properly, according to a Federal Reserve Board report published in May. To add insult to injury, that same report reveals that 46% couldn’t cover an unexpected $400 emergency expense with ready cash or savings.

While there’s plenty of saving and investment advice available to help us all increase our financial smarts, the lion’s share of it is built around the idea that we should invest and save for other people in our lives. We’re told to save up for a wedding, a down payment on a house to enjoy with a life partner, a couple of cars, and for children and their educations. But where’s the financial planning advice for singles? It’s unfair to be left out just because your life milestones differ from those of others.

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How to avoid predatory student loan scams

5 Ways to Avoid Predatory Student Loan Scams

Got student loans? We’ve got you covered with our Student Loan Smarts blog series. Our expert tips and hacks will help you save money, pay off loans sooner, and stress less about student loan debt. Read the other posts in the series here to get all the info you need to make intelligent decisions about your student loans.

Unfortunately, spotting a student loan scam today is more challenging than you might think. It can come in the form of a Facebook ad, an email, or a cheerful voicemail:

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