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Why I Bought More SOFI | Chamath's SPAC IPOE - YouTube
Channel: Newborn Investor
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hello everyone newborn investor here and
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welcome to another video today i would
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like to talk about the reasons why
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i tripled in on sofi ticker ipoe so if
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you're interested
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make sure to stick around as we're
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starting right now
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i had recommended so far back in march
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and my opinion has not changed i've
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already done
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a video about the reasons why i was
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investing in sofa so if you have not
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watched it i highly recommend you
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watching that video first before
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continuing on this one you can find the
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link to that video in the description
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below
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since feb 2021 the price of ipoe has
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been on a downtrend and looks like
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it's now making a comeback this to me
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was a major opportunity to buy and guess
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what i triple in
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so why exactly did i buy more and will
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the stock continue its uptrend
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we will get to it in a minute but before
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that if you like this video and find it
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valuable
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please make sure to hit the like and
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subscribe button your humble gesture
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keeps me awake at night and motivates me
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to put in the long hours for making
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these videos
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alright let's move on so far recently
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announced its
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latest offering auto loan refinancing
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auto loan debt has quickly become one of
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the most important areas for consumers
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to be mindful of when it comes to
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maximizing financial well-being
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so far's expansion into auto loan
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refinancing and partnership with moto e5
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adds a much needed layer of transparency
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to the process by allowing the borrower
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to view competitive offers and determine
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eligibility without any impact
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to the credit score so far claims that
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its refinancing offering on average
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could save their customers
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a hundred dollars per month with this
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new offering so far's customers can now
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get competitive
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and personalized auto loan refinancing
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offers and they can begin the process
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on the sofi.com home page or directly
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through lantern product comparison site
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owned and operated by sofi this offering
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to me is a great move as it adds
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one more reason for customers to stay
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with sofi sofi
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is on the right track and is living up
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to the expectations of a one-stop shop
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for
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all things financial
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in early march sofa announced that it
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has signed a definitive agreement to
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acquire golden pacific bank card for
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about 22.3 million dollars
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in its effort to get a national bank
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charter a national bank charter will
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allow sofi to accept deposits and make
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loans that use suffice member deposits
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versus the higher cost of funding for
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its loan offerings as a non-bank
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if successfully granted a national bank
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charter sofa plans to contribute
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750 million dollars in capital and
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pursue its national digital business
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plan
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while maintaining gbp's community bank
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business
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and footprint including poland pacific
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bangkok's currently physical branches
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the transaction is subjected to
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regulatory approvals
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and so far expects to complete
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transaction by the end of 2021. now why
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is this acquisition
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a big deal the answer is simple and it's
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all about
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margins a bank charter significantly
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lowers so far's cost of capital which
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leads to better margins and increased
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profitability the bank charter can
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potentially boost so far's 2025 ebitda
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by 25
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or roughly 300 million dollars this is
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due to the lower cost of capital leading
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to increased
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net interest margins from holding the
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loans longer
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that being said i think so far is
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reasonably priced now as the stack race
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has slowed down
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currently the stock trades over 15 times
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2021 revenue estimates and it's
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definitely not cheap
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in my previous video i calculated the
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intrinsic value of so five for the three
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scenarios for the bullish case it's
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around twenty one dollars and twenty
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seven
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cents for bearish scenario it is around
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ten dollars and sixty three cents and
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for a medium bullish case it's around
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fifteen dollars and ninety five cents
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as of releasing this video i own 800
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shares at 17
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and 82 cents and would be looking to add
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more if the stock pulls back to 16
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this in no way is a buyer recommendation
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please do your due diligence before
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investing
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in my view investors with a long-term
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horizon may want to capitalize on the
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current panic
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and accumulate as much shares as you can
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now i would love to hear from you guys
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what do you think about so far and its
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long-term prospects
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leave a comment below with your once and
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i'll be sure to follow up with you
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also if you like this video and found it
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valuable please make sure to hit the
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like and subscribe button i really
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really appreciate your support so until
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you hear from me again
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stay safe and thanks for watching bye
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