🎁 Here’s How to Avoid Being Scammed This Holiday Season

Saturday,
December 11, 2021

Top Story

The Week in Review

• US stocks climbed early this week as investors continued to analyze news about the Omicron variant of COVID-19 and tried to understand how it may impact the global economy. Pfizer (PFE) and BioNTech (BNTX) shared results from preliminary lab tests showing that three doses of their COVID-19 shot are effective against the new strain.

• US stocks fell later in the week. A number of European governments implemented more significant restrictions to curb the spread of the Omicron variant of COVID-19 while booster vaccines are being administered. For example, the UK has issued a work-from-home mandate and is requiring masks in more settings.

• After climbing earlier in the week, US crude oil futures dropped by 1.5% to $71.28 per barrel. Similarly, cryptocurrency prices sank after rallying at the beginning of the week.

• Investor sentiment got a boost after weekly jobless claims totaled 184,000 which was better than economists’ forecasts. This marks the lowest level for the metric since 1969.

For more economic news and how it affects your money, visit the SoFi app.

Benefits of Estate Planning: What You Need to Know

Many younger people assume that estate planning is only for the old and the rich, but estate planning can be addressed at any time and in any tax bracket.

In fact, estate planning is not only about passing on your assets when you die, but it includes what directions you would want to provide to loved ones, or who would take care of your children if you are a parent.

Even more important, estate planning is a way to start thinking through these decisions and put them down in writing to communicate to others. Rather than simply assuming that your loved ones would know what you want, you have the opportunity to get rid of potential ambiguity and arguments by defining your wishes.

Having a financial plan in place in the event that you pass away or become incapacitated can protect surviving family members from unnecessary financial, legal, and emotional stress.

Not sure where or how to start estate planning? We’ve partnered with Trust & Will—the leading online estate planning platform in the US— to give SoFi Members 10% off their trust, will, or guardianship estate plans.* Get started.

This Week’s Top Stories

All Liz wants for Christmas is a steeper yield curve.
We often look to the Treasury yield curve as an indicator of economic expectations. In today’s environment, this indicator may mean something else. This week, see what SoFi’s Head of Investment Strategy has to say about the flattening curve
Read more >>

Here’s how to avoid being scammed this holiday season.
‘Tis the season for fraudsters to try to steal consumers’ credit card information and identities. Online shopping can make things easy for scammers. If consumers click on the wrong link or visit an incorrect website, their personal information can be stolen. That is particularly true during the holidays when purchases pick up online and in stores.
Read more >>

Ethereum (ETH) is getting an upgrade designed to motivate developers to transition to a less energy-consuming blockchain network.
While the upgrade that is coming today is not expected to impact Ether investors, a transition to a proof of stake model may.
Read more >>

Deep Dives from SoFi Learn

7 tips for improving your financial health
If your finances are under the weather, these seven strategies could help bring it back to full health.
Read more >>

Why credit card debt is so hard to pay off
The problem is when you don’t completely pay off your credit card balance each cycle, the debt can quickly pile up, even if you’re making the required minimum payments. Understanding how credit card interest and penalties compound can help you understand how to reduce your credit card debt.
Read more >>

New parent’s guide to setting up a will
With new parenthood, planning your legacy becomes even more important. Here's what to know to set up your children for an easier future.
Read more >>

Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.

Diversification is not a guarantee of protection from loss. SoFi can’t guarantee future financial performance.

The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Adviser
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.

Important: Bitcoin and other cryptocurrencies aren’t endorsed or guaranteed by any government, are volatile and involve a high degree of risk.

Third Party Trademarks: Certified Financial Planner Board of Standards Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design), and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

*Trust & Will, a leading digital estate planning platform, is offering a 10% discount specifically for SoFi members. No promo code required. The 10% discount is automatically applied at checkout to the initial purchase of any Guardian, Will, or Trust-based estate plan.

Apple, the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries and regions. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.

234 1st Street, San Francisco, CA 94105

Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, years of professional experience, income, and a variety of other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Financial Protection and Innovation under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp. or an affiliate, NMLS # 696891. (www.nmlsconsumeraccess.org)

✝︎ To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

TLS 1.2 Encrypted

Equal Housing Lender