May
12
2021
L Brands to Spin off Victoria’s Secret
L Brands turned down several offers for Victoria’s Secret. Learn why it has decided to spin off the brand instead.
Read more
SoFi Blog
Tips and news—
for your financial moves.
May
12
2021
May
11
2021
Crypto Trading: Samsung
Crypto is offered through
SoFi Digital Assets, LLC.
We keep your
crypto secure.
Get started with
just $10.
Do it all in the
SoFi app.
Keep your
crypto safe.
Worried about your money getting hacked? You don’t have to be. SoFi invest is a secure platform that ensures your holdings are protected against fraud and theft.†︎
Buy anytime.
Unlike the regular market, you can trade crypto 24/7. Weekends, holidays, middle of the night—no time is off limits.
Multiple ways
to invest.
Just one app.
If you have the SoFi app, you can buy crypto alongside the stocks, fractional shares, and ETFs that you’re already trading.
Risk is real.
Risk is a natural part of investing. And due to its volatility, crypto carries a higher degree of risk than traditional investments.
Bitcoin
Ethereum
Litecoin
Start trading
Bitcoin, Ethereum,
and Litecoin today.
FAQs
May
11
2021
Retirement Accounts SEM LP
Help grow your retirement savings with a SoFi IRA.
Prepare for retirement with a SoFi-managed Roth or Traditional IRA from SoFi Invest.
Open a SoFi IRA
Retirement Investing
Welcome to retirement
investing by SoFi.
Take control and save for retirement with SoFi’s active or automated Traditional, Roth, and SEP IRAs. Get access to a broad range of investment options, member services, and our robust suite of planning and investment tools.
Set your goals.
Not sure where to begin? No problem. Whether you’re just getting started or want to roll over another account, we can help develop a plan that works for you.
Diversify your portfolio.
With our active IRAs you’ll get access to a broad range of investment options plus free trades. Or choose an automated IRA, and we’ll build a custom portfolio with a mix of stocks and bonds based on your risk tolerance.
Get solid advice—at no cost.
Speak with one of our financial planners to get a clear understanding of your current financial situation—and set up a strategy for moving forward.
Active or Automated?
Choose which one is right for you.
Learn more
FAQs
Can I open an IRA online?
Yes – SoFi Invest® makes opening an online IRA easy. Opening an online IRA takes less
than 5 minutes, and we will help you choose the right mix of assets to meet your
retirement goals.
Is it better to have a 401k or IRA?
Choosing between a 401k and an IRA is dependent on your needs for retirement and current situation.
Many people choose actually to use both types of retirement accounts in their lifetime
What are the different types of IRAs?
IRA is a broader term of a number of different types of retirement accounts – each with their own
function and purpose. A SoFi Financial Advisor can help you determine which type of IRA plan may best
fit your needs
How do I move my 401k to an IRA?
SoFi Invest offers a range of retirement accounts and 401k rollover options.
We offer Traditional, Roth, and SEP IRAs, and can help with the rollover
process.
Can I have multiple IRAs?
Yes, you can open multiple IRA accounts. Please note the IRS contribution
limits still apply across all accounts and are not limits per account.
More articles and resources
May
11
2021
Fractional Shares SEM LP
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Invest with as
little as $5.
Fractional shares make it possible to own part of a stock from your favorite companies without committing to a whole share.
Invest now
During market hours, fractional orders will be routed to the market immediately. Outside of market hours orders will be aggregated and executed in the morning trade window of the next business day when the market opens. Orders are sent in the order received. There may be system delays from receipt of your order until execution. Market conditions may adversely impact execution prices.
Own a sliver of stock.
Fractional shares make it simple for anyone to invest in their favorite companies
and ETFs without committing to a whole share.
Invest with as little as $5.
Adios, paying for a full share. You can buy fractional shares of select stocks and ETFs starting at $5.
Pay no commissions. Period.
SoFi Invest charges no commission fees to buy and sell fractional shares—so the money you invest is 100% invested.
Diversify your portfolio.
Fractional share investing makes it easy to invest in a lot of companies without a lot of dollars.
Get a little taste of
the big names.
Browse our growing collection of fractional shares to start
investing in companies you love—and discover new ones.
See all
The stocks shown are meant to be a representative sample and are not meant to convey a recommendation to buy, hold, or sell.
FAQs
What is fractional share investing?
Buying parts of stocks – commonly known as fractional shares – is a way to invest in popular stocks
without being dependent on matching the share price. The purchase is based on a dollar amount, so
investors can buy in quantities of $1 to own a portion of the stock, vs. buying shares they may feel are
too expensive.
Is there a downside to fractional shares?
Sometimes, a brokerage will charge every time an investor buys or sells a stock.
Whether they were buying a quarter of one share or 500 shares of a stock, these fees
can still be charged. Luckily, SoFi allows for the purchase of fractional shares
at no additional cost to the investor.
How do you buy fractional shares?
Using an online brokerage offering like SoFi fractional shares can be a simple way to get started choosing your
own stocks for dollar based investing. In fact, you can start investing with as little as $5.
Are fractional shares hard to sell?
With SoFi, buying and selling fractional shares are treated the same as traditional stock trading, without
added barriers just for owning a portion of a stock.
Can you day trade fractional shares?
Fractional share trading is regulated by the same standards as day trading stocks. Investors should
maintain a $25,000 minimum balance to execute more than four day trades in a
five-business-day window or they can be marked as a pattern day trader.
How do I sell fractional shares on SoFi?
Within your stock holding, simply choose the sell button at the bottom and choose the amount of trade
you want to execute. You can sell any amount you’d like, but the smallest
denomination we support is up to 5 decimal places.
See more FAQs
Read more
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