Is SoFi Stock a Millionaire Maker?
The financial services industry is massive, accounting for a significant portion of GDP. What's more, it's perhaps the oldest industry. The movement of money between savers and borrowers, as well as other products related to capital markets, has always been in demand. And it likely always will be because of how critical this is to our economy.
Some well-known heavyweights dominate the industry. However, that doesn't mean newcomers can't challenge the status quo. This is what SoFi Technologies (NASDAQ: SOFI) is doing: finding success by leveraging technology. So far, its achievements have been impressive.
This fintech stock has soared 151% in the past year (as of June 24), winning over investors in the face of heightened volatility. But can SoFi be a millionaire maker over the long term?
Source Fool.com
