Time to Cut Your Losses on SOFI Stock? Why This Former Bull Is Waving the White Flag.

I was wrong about SoFi Technologies (NASDAQ:SOFI) stock. After three years of waiting for a return on my investment, I sold my shares recently, at a loss.The stock currently sells at about $7/share. If you got in a year ago, when it traded near $5, you’re in great shape. But I’d still recommend you sell it.Here’s why.SoFi Stock and Consumer BankingSoFi has evolved into a consumer bank. Its main business is taking deposits and making loans, for houses, for education, and for other life expenses.This can be a ...