SoFi offers a wide variety of financial products ranging from investments to student loans.
If you are looking to make money with SoFi, you are probably referring to the investment side of their business.
With SoFi Invest, you are able to buy shares of stocks and ETFs. In addition, you can trade some cryptocurrencies as well.
There's also a feature called SoFi Automated Investing, where SoFi builds and manages a portfolio on your behalf.
Lastly, with SoFi Money, you can earn interest on your savings.
These are the primary avenues for making money with SoFi. We will explore each of these in more detail now!
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As mentioned above, SoFi Invest is the trading app offered by SoFi. This allows you to trade stocks, ETFs and cryptocurrencies.
Based on that, here are the different ways you could make money with SoFi Invest:
Keep in mind, it is also possible to lose money while investing in the financial markets.
SoFi Automated Investing is a robo-advisor that invests and manages your money for you automatically.
The minimum to get started is $1 and there are no management fees.
Here's how to make money with SoFi Automated Investing:
Lastly, we have SoFi Money.
This is the online banking service provided by SoFi.
In order to make money with SoFi Money, you will primarily be earning interest on your deposits.
The interest rate for SoFi Money changes from time to time, but it is still significantly higher than the national average.