Why I Just Sold All of My SoFi Stock

There were two primary reasons for selling the floundering fintech stock. Before I get to why I just sold SoFi, let me first explain why I initially bought the stock in the first quarter of 2021. Technically, I never bought SoFi shares. I invested in Social Capital Hedosophia Holdings V, a special purpose acquisition company (SPAC) that merged with SoFi soon after I started a position in it. SoFi's innovation especially stood out to me. As it still does, the company back then offered a "one-stop shop" for f ...