Group 1: SoFi Technologies - SoFi Technologies is an online banking platform that reported strong growth in revenue, earnings, users, and assets last year, positioning itself as a leading digital bank [3][6] - The platform offers a user-friendly app with a variety of services, including high-yield savings accounts with average percentage yields (APYs) in the 3% to 4% range, significantly higher than the less than 1% offered by traditional banks [4] - SoFi's lack of physical retail locations allows it to save on overhead costs, enabling it to provide competitive services, including the reintroduction of cryptocurrency trading, appealing particularly to younger investors [5][6] - The company is expected to attract significant business as millennials and younger consumers accumulate wealth and seek modern banking services, leading to continued revenue and earnings growth [6] Group 2: Market Outlook - The overall market outlook suggests that major indexes are likely to be significantly higher in the next decade, with individual investors potentially achieving better returns by investing in companies with strong prospects like SoFi and Uber [1]
2 Outstanding Growth Stocks to Buy and Hold for a Decade