🍿 Free Streaming Revenue Predicted To Nearly Double

Saturday,
June 25, 2022

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The Week in Review

• Federal Reserve Chair Jerome Powell said a recession is a possibility, but not a certainty. Stocks have been highly volatile in recent weeks. The market has expressed concerns a broader economic slowdown could be on the horizon, all while inflation is running up at its highest level in 41 years.

• President Joe Biden asked Congress to suspend the federal gas tax for three months. With prices rising across the board, the average cost for a gallon of gas has reached record highs. Both international benchmark Brent crude and US standard West Texas Intermediate saw their price per barrel fall.

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

What Stage In Your Life Does Life Insurance Make Sense?

No matter what your age, it’s probably a good time (and not too late!) to think about getting life insurance. It’s a key step in financial planning.

First, a crash course in what insurance is: When you purchase a life insurance policy, you make recurring premium payments. Should you die while covered, your policy will pay a lump sum that you’ve selected to the beneficiaries you have designated. It’s an important way to know that if you weren’t around, working hard, your loved ones’ expenses (housing, food, medical care, tuition, etc.) would be covered. Granted, no one wants to imagine leaving this earth, but buying life insurance can give you tremendous peace of mind.

In terms of when to buy life insurance, here are a few points to keep in mind:

• It’s best to apply when you’re young and healthy so you can receive the best rate available.

• Typically, major life events signal people to buy life insurance. These are moments when you realize someone else is depending on your (and, not to sound crass, your income). It could be when you marry or have a child. It could be when you realize a relative will need long-term caregiving.

• Even if you are older or have underlying health conditions, there are options available to you. They may not give as high an amount of coverage as other life insurance policies, but they can offer a moderate benefit amount and give you a degree of peace of mind.

Picking out the right life insurance policy can seem complicated, but in truth, the number of choices just reflects how easy it is to get the right coverage for your needs. There’s truly something for everyone, regardless of your age or budget. Learn more about term life insurance offered through SoFi.

This Week’s Top Stories

Streaming subscription service Netflix (NFLX) has seen its share price plummet this year by about 70%. Meanwhile, free ad-supported video-on-demand, or AVOD, apps are taking off.
More than ever, Americans are streaming their entertainment. Industry observers predict free streaming revenue to nearly double this year compared to 2020 as advertisers take notice of these up and comers.
Read more >>

While the Energy sector is one of the few to see gains in this bear market, SoFi’s Head of Investment Strategy argues given the current climate, it may not be a good time to rely on high oil prices as a buy signal, but rather as a good time to take profits.
If price appreciation is your objective, it’s more important to lessen the blow of sharp drawdowns than it is to participate in the extra few percentage points of upside.
Read more >>

The up-and-coming Flipkart is looking to take on Amazon (AMZN), both in India and in the US. A 2023 IPO could be realistic. It also has the potential to shake up the e-commerce market in a big way.
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Read more >>

Deep Dives from SoFi Learn

When the market or economy is volatile, investors might wonder if their portfolios’ asset allocation makes sense for the conditions. One strategy that is often discussed during times of economic stress is defensive investing.
Defensive investing, like other investing strategies, has pros, cons, and timing factors to consider for when it might make the most sense to use this strategy.
Read more >>

Americans currently owe a total of over $1.7 trillion in student debt, with the average student borrower having $28,400 in loans to pay off.
There are pros and cons of refinancing student loans. Here’s what to consider to decide if this option is right for you.
Read more >>

Conventional financial wisdom says buying in bulk is smart. Seems simple enough, but like anything financial, there’s a bit more to the story.
Food is a big expense in most budgets. Buying in bulk may reduce your grocery bill, but you’ll want to calculate price per unit.
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.

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

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Ladder policies are issued in New York by Allianz Life Insurance Company of New York, New York,. NY (Policy form # HIN-26) and in all other states and DC by Allianz Life Insurance Company of North America, Minneapolis. MN (Policy form# ICC20P-AZ100 and# P-AZ100). Only Allianz Life Insurance Company of New York is authorized to offer life insurance in the state of New York.

Coverage and pricing is subject to eligibility and underwriting criteria. SoFi Agency and its affiliates do not guarantee the services of any insurance company. The California license number for SoFi Agency is: OL13077 and for Ladder is OK22568. Ladder, SoFi and SoFi Agency are separate, independent entities. and are not responsible for thG financial condition, business, or legal obligations of the other. Social Finance, Inc. (SoFi) and Social Finance Life Insurance Agency. LL.C (SoFi Agency) do not issue, underwrite insurance, or pay claims under Ladderlife™ policies. SoFi is compensated by Ladder for each issued term life policy.

By selecting Get a Free Quote you agree to Ladder the sharing with SoFi information about any insurance application you submit and any policy you may obtain.

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