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Rurulz

Learning Curve Ahead!

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- RurulzRurulz
  ·2023-08-01
  Great ariticle, would you like to share it?
  SoFi Technologies: Just Getting Started
  I going to make a greatest artwork as I can, by my head, my hand and by my mind. Introduction Back in November 2022, I laid out a bullish investment thesis for SoFi Technologies at ~$5.7 per share in "SoFi Q3: Another Great Quarter In The Books, Buy Now For 2023 And Beyond". And then once again highlighted SoFi as an emerging force in the banking & financial services industry and an outlier in an ailing sector in SoFi: The Only Bank You Want To Bank On Right Now in late June 2023. Since these bullish reports were published, SoFi's stock has rallied by ~101% and ~37%, respectively. In today's note, we shall review SoFi's Q2 2023 earnings report and re-evaluate its absolute valuation to see if the risk/reward dynamic still makes sense here. Without further ado, let's jump straight in!
  SoFi Technologies: Just Getting Started
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- RurulzRurulz
  ·2022-08-26
  $Plug Power(PLUG)$sharing
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- RurulzRurulz
  ·2021-09-20
  Read. 50-Day MA
  The One Indicator That Has Wall Street Biting Its Nails
  The stock market dropped because there’s something scarier than taxes, tapers, and contagion.
  The One Indicator That Has Wall Street Biting Its Nails
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- RurulzRurulz
  ·2021-08-09
  $Riot Blockchain, Inc.(RIOT)$how I wishhh
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- RurulzRurulz
  ·2021-08-02
  $Exicure, Inc.(XCUR)$woot woot!
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- RurulzRurulz
  ·2021-07-29
  Yassss
  4 Stock Market Myths to Abandon if You Actually Want to Make Money
  It might be worth revisiting some of the "common knowledge" assumptions about how things really work.
  4 Stock Market Myths to Abandon if You Actually Want to Make Money
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- RurulzRurulz
  ·2021-07-16
  $Nike(NKE)$stay strong now ok!!
  434 Comment
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- RurulzRurulz
  ·2021-07-16
  $AYRO, Inc.(AYRO)$freefall!!!!
  348 Comment
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- RurulzRurulz
  ·2021-07-09
  $Plug Power(PLUG)$waow
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- RurulzRurulz
  ·2021-07-09
  Is this it?
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Introduction Back in November 2022, I laid out a bullish investment thesis for SoFi Technologies  at ~$5.7 per share in \"SoFi Q3: Another Great Quarter In The Books, Buy Now For 2023 And Beyond\". And then once again highlighted SoFi as an emerging force in the banking & financial services industry and an outlier in an ailing sector in SoFi: The Only Bank You Want To Bank On Right Now in late June 2023. Since these bullish reports were published, SoFi's stock has rallied by ~101% and ~37%, respectively. In today's note, we shall review SoFi's Q2 2023 earnings report and re-evaluate its absolute valuation to see if the risk/reward dynamic still makes sense here. Without further ado, let's jump straight in!","content":"<html><body><p><figure><picture> <img height=\"1024px\" loading=\"lazy\" sizes=\"(max-width: 768px) calc(100vw - 36px), (max-width: 1024px) calc(100vw - 132px), (max-width: 1200px) calc(66.6vw - 72px), 600px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1401461124/image_1401461124.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1401461124/image_1401461124.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1401461124/image_1401461124.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1401461124/image_1401461124.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1401461124/image_1401461124.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1401461124/image_1401461124.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1401461124/image_1401461124.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1401461124/image_1401461124.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1401461124/image_1401461124.jpg?io=getty-c-w240 240w\" width=\"1536px\"/> </picture><figcaption> <p>I going to make a greatest artwork as I can, by my head, my hand and by my mind.</p></figcaption></figure></p> <h2>Introduction</h2> <p>Back in November 2022, I laid out a bullish investment thesis for SoFi Technologies (<span>NASDAQ:SOFI</span>) at ~$5.7 per share<span> in \"</span><em>SoFi Q3</em><em>: Another Great Quarter In The Books, Buy Now For 2023 And Beyond\"</em><span>. And then once again </span>highlighted<span> SoFi as an emerging force in the banking &amp; financial services industry and an outlier in an ailing sector in </span><em>SoFi: The Only Bank You Want To Bank On Right Now</em><span> in late June 2023. Since these bullish reports were published, SoFi's stock has rallied by ~101% and ~37%, respectively.</span></p> <p>In today's note, we shall review SoFi's Q2 2023 earnings report and re-evaluate its absolute valuation to see if the risk/reward dynamic still makes sense here. Without further ado, let's jump straight in!</p> <h2>Reviewing SoFi's Q2 2023 Earnings Report</h2> <p>On 31st July 2023, SoFi released a robust set of financial numbers for Q2'23:</p> <ul> <li>Adj. net GAAP revenues of $489M (up +37% y/y) [vs. est. $473.5M]</li> <li>Adj. EBITDA of $77M (up 285% y/y) (adj. EBITDA margin: 16%)</li> <li>Diluted EPS -0.06 [vs. est. -0.07]</li> <li>Members: 6.240M [584K added in Q2 2023] (up 44% y/y)</li> </ul> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2023/7/31/51572009-16908453405200458.png\"/></span> </picture><figcaption><p><span>SoFi Q2 2023 Investor Presentation</span></p></figcaption></figure><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2023/7/31/51572009-16908453705474658.png\"/></span> </picture><figcaption><p><span>SoFi Q2 2023 Investor Presentation</span></p></figcaption></figure></p> <p>Despite facing a challenging macroeconomic environment, SoFi's lending business (revenue: $257M [+29% y/y]) held up strong in Q2 2023, with strong growth in net interest income (+103% y/y) and robust loan origination growth (+37% y/y). While origination growth in the Personal loan segment (+51% y/y) was enough to offset weakness in the Student loan (-1% y/y) and Home loan (-27% y/y) segments, SoFi's non-interest income declined -30% y/y due to change in loan mix and lower take rates.</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2023/7/31/51572009-16908493427179224.png\"/></span> </picture><figcaption><p><span>SoFi Q2 2023 Earnings Press Release</span></p></figcaption></figure></p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2023/7/31/51572009-16908491869722688.png\"/></span> </picture><figcaption><p><span>SoFi Q2 2023 Earnings Press Release</span></p></figcaption></figure></p> <p>Fortunately, SoFi's Technology Platform and Financial Services segments reported strong performance during Q2:</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2023/7/31/51572009-16908523983637886.png\"/></span> </picture><figcaption><p><span>Twitter</span></p></figcaption></figure><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2023/7/31/51572009-16908457265342093.png\"/></span> </picture><figcaption><p><span>SoFi Q2 2023 Investor Presentation</span></p></figcaption></figure></p> <p>On these robust results, Anthony Noto, SoFi CEO, provided the following remarks:</p> <blockquote> <p>We delivered another quarter of record financial results and generated our ninth consecutive quarter of record adjusted net revenue, which was up 37% year-over-year. <strong>Record revenue at the company level was driven by record revenue in both our Technology Platform business segment and our Financial Services business segment</strong> coupled with continued strong Lending business segment revenue growth. We also generated our fourth consecutive quarter of record adjusted EBITDA of $77 million, representing a 43% incremental adjusted EBITDA margin and a 16% margin overall, as well as a 36% incremental GAAP net income margin</p> <p>Our record number of member additions and strong momentum in product and cross-buy adds, along with improving operating efficiency, reflects the benefits of our broad product suite and unique Financial Services Productivity Loop (FSPL) strategy. We added over 584,000 new members during the second quarter, and ended with over 6.2 million total members, up 44% year-over-year. We also added nearly 847,000 new products during the second quarter, and ended with over 9.4 million total products, a 43% annual increase.</p> <p><strong>Total deposits grew by $2.7 billion, up 26% during the second quarter to $12.7 billion at quarter end</strong>, and over 90% of SoFi Money deposits (inclusive of Checking and Savings and cash management accounts) are from direct deposit members. For new direct deposit accounts opened in the second quarter, the median FICO score was 747. More than half of newly funded SoFi Money accounts are setting up direct deposit by day 30, and this has had a significant impact on debit spending, with <strong>continued strong cross-buy trends</strong> from this attractive member base into Lending and other Financial Services products. With our launch of offering FDIC insurance of up to $2 million, nearly 98% of our deposits were insured at quarter end.</p> <p>As a result of this <strong>growth in high quality deposits</strong>, we have benefited from a <strong>lower cost of funding for our loans</strong>. <em>Our deposit funding also increases our flexibility to capture additional net interest margin [NIM] and optimize returns, a critical advantage in light of notable macro uncertainty.</em> SoFi Bank, N.A. generated $63.1 million of GAAP net income at a 17% margin.\"</p> <p>Source: SoFi Q2 2023 Earnings Press Release </p> </blockquote> <p>For FY-2023, SoFi increased its revenue guidance from $1.955-2.020B to $1.974-2.034B and raised the adj. EBITDA guide from $268-288M to $333-343M [adj. EBITDA margin: +17%]. While SoFi's revenue growth is set to slow down significantly in the back half of this year based on the current trajectory of deposit growth and loans held on its balance sheet, I think SoFi can continue to outperform expectations in upcoming quarters if the ABS (asset-backed securities) market opens up as interest rates stabilize.</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2023/7/31/51572009-16908525908058891.png\"/></span> </picture><figcaption><p><span>SoFi Q2 2023 Investor Presentation</span></p></figcaption></figure></p> <p>As we know, the recent strength in SoFi's business has been driven by the structural benefits of its bank charter (attained in 2022), which has allowed the fintech company to raise deposits at low-interest rates [reducing capital costs for its lending activity]. As of Q2 2023, SoFi's deposit base stood at $12.7B, and this deposit base is providing SoFi the flexibility of holding loans on its balance sheet for a longer duration (as necessitated by the ongoing freeze-up in credit markets due to rapid changes in interest rates).</p> <p>In Q2, SoFi's \"Loans Held for Sale\" rose to $18.2B (up from $15.9B in Q1 2023). With SoFi's total loan originations of ~$4.4B in Q2, SoFi sold nearly $2B of loans from its balance sheet during this quarter. Given this sale activity, the ABS market seems to be opening up (unfreezing), and I view this data as a big positive for SoFi.</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2023/7/31/51572009-16908530856500998.png\"/></span> </picture><figcaption><p><span>SoFi Q2 2023 Investor Presentation</span></p></figcaption></figure><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2023/7/31/51572009-16908531307884445.png\"/></span> </picture><figcaption><p><span>SoFi Q2 2023 Investor Presentation</span></p></figcaption></figure></p> <p>Now, SoFi has the balance sheet strength to hold onto these loans to earn interest income; however, getting rid of these loans via securitization will unlock faster revenue growth in its lending business.</p> <p>While personal (unsecured) loans piling up on SoFi's balance sheet has been highlighted as a massive risk for SoFi, the strict credit standards at SoFi (Personal loan: Avg. FICO score is ~770, Annual Income &gt;$170K) should ensure that the default (delinquency) risk remains low in the future. As per SoFi's management, annualized net charge-offs on its personal loans book declined quarter-over-quarter to 2.94% in Q2 2023.</p> <p>In my view, SoFi's business momentum is incredible, and financial performance in the second half of 2023 is likely to remain strong given the impending end of the Student loan moratorium is expected to drive a flurry of refinancing activity that will boost SoFi's student loan refinancing business. According to SoFi's management, the company is set to become GAAP profitable in Q4 2023, and I think that would be a remarkable feat to end this incredible year on a high note. With all three of SoFi's segments set to reach adj. EBITDA profitability by the end of 2023, I think our cross-buying-centered investment thesis for SoFi has never been stronger.</p> <p>In summary, SoFi's Q2 2023 report was yet another conviction booster. However, let's evaluate SoFi's long-term risk/reward before making an informed investing decision.</p> <h2>SoFi's Fair Value And Expected Return</h2> <p>To determine the fair value and expected return of SoFi, we will use TQI's Valuation model with the following assumptions:</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2023/7/31/51572009-16908254249540505.png\"/></span> </picture><figcaption><p>TQI Valuation Model <span>(TQIG.org)</span></p></figcaption></figure></p> <p>According to TQI's valuation model, SoFi is now worth $13.99 per share (up from my previous estimate of $11.75 per share). With SOFI trading at ~$11.40 per share, I see another ~20-25% upside to fair value from current levels. Hence, investors buying here are getting a sizeable discount on SOFI.</p> <p>Now, let's consider the long-term reward potential by looking at a range of expected outcomes for SOFI assuming an exit multiple of 15-25x P/FCF:</p> <p><figure contenteditable=\"false\"><picture> <span><img contenteditable=\"false\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2023/7/31/51572009-16908254604819396.png\"/></span> </picture><figcaption><p>TQI Valuation Model <span>(TQIG.org)</span></p></figcaption></figure></p> <p>In the base case scenario, SoFi's stock could be trading at $26.78 per share five years from now, which would imply a ~18.63% CAGR return from current levels. While these projected returns are slightly lower than our investment hurdle rate of 20% for high-growth stocks, they remain well above long-term equity market returns of ~10%. Given conservative modeling assumptions, I still think SoFi is a decent buy at $11.40 per share in light of Q2 earnings.</p> <p><strong>Key Takeaway:</strong> I rate SoFi a modest \"Buy\" at $11.40 per share, with a preference for staggered accumulation using a 6-12 month DCA plan.</p> <div></div> <p>As always, thank you for reading, and happy investing. Please feel free to share any questions, concerns, or thoughts in the comments section below.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SoFi Technologies: Just Getting Started</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoFi Technologies: Just Getting Started\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-01 20:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4622031-sofi-technologies-just-getting-started><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>I going to make a greatest artwork as I can, by my head, my hand and by my mind. Introduction Back in November 2022, I laid out a bullish investment thesis for SoFi Technologies (NASDAQ:SOFI) at ~$5.7...</p>\n\n<a href=\"https://seekingalpha.com/article/4622031-sofi-technologies-just-getting-started\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1401461124/image_1401461124.jpg","relate_stocks":{"BK4166":"消费信贷","BK4535":"淡马锡持仓","BK4549":"软银资本持仓","BK4551":"寇图资本持仓","SOFI":"SoFi Technologies Inc."},"source_url":"https://seekingalpha.com/article/4622031-sofi-technologies-just-getting-started","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2356941672","content_text":"I going to make a greatest artwork as I can, by my head, my hand and by my mind. Introduction Back in November 2022, I laid out a bullish investment thesis for SoFi Technologies (NASDAQ:SOFI) at ~$5.7 per share in \"SoFi Q3: Another Great Quarter In The Books, Buy Now For 2023 And Beyond\". And then once again highlighted SoFi as an emerging force in the banking & financial services industry and an outlier in an ailing sector in SoFi: The Only Bank You Want To Bank On Right Now in late June 2023. Since these bullish reports were published, SoFi's stock has rallied by ~101% and ~37%, respectively. In today's note, we shall review SoFi's Q2 2023 earnings report and re-evaluate its absolute valuation to see if the risk/reward dynamic still makes sense here. Without further ado, let's jump straight in! Reviewing SoFi's Q2 2023 Earnings Report On 31st July 2023, SoFi released a robust set of financial numbers for Q2'23:  Adj. net GAAP revenues of $489M (up +37% y/y) [vs. est. $473.5M] Adj. EBITDA of $77M (up 285% y/y) (adj. EBITDA margin: 16%) Diluted EPS -0.06 [vs. est. -0.07] Members: 6.240M [584K added in Q2 2023] (up 44% y/y)    SoFi Q2 2023 Investor Presentation  SoFi Q2 2023 Investor Presentation Despite facing a challenging macroeconomic environment, SoFi's lending business (revenue: $257M [+29% y/y]) held up strong in Q2 2023, with strong growth in net interest income (+103% y/y) and robust loan origination growth (+37% y/y). While origination growth in the Personal loan segment (+51% y/y) was enough to offset weakness in the Student loan (-1% y/y) and Home loan (-27% y/y) segments, SoFi's non-interest income declined -30% y/y due to change in loan mix and lower take rates.   SoFi Q2 2023 Earnings Press Release   SoFi Q2 2023 Earnings Press Release Fortunately, SoFi's Technology Platform and Financial Services segments reported strong performance during Q2:   Twitter  SoFi Q2 2023 Investor Presentation On these robust results, Anthony Noto, SoFi CEO, provided the following remarks:  We delivered another quarter of record financial results and generated our ninth consecutive quarter of record adjusted net revenue, which was up 37% year-over-year. Record revenue at the company level was driven by record revenue in both our Technology Platform business segment and our Financial Services business segment coupled with continued strong Lending business segment revenue growth. We also generated our fourth consecutive quarter of record adjusted EBITDA of $77 million, representing a 43% incremental adjusted EBITDA margin and a 16% margin overall, as well as a 36% incremental GAAP net income margin Our record number of member additions and strong momentum in product and cross-buy adds, along with improving operating efficiency, reflects the benefits of our broad product suite and unique Financial Services Productivity Loop (FSPL) strategy. We added over 584,000 new members during the second quarter, and ended with over 6.2 million total members, up 44% year-over-year. We also added nearly 847,000 new products during the second quarter, and ended with over 9.4 million total products, a 43% annual increase. Total deposits grew by $2.7 billion, up 26% during the second quarter to $12.7 billion at quarter end, and over 90% of SoFi Money deposits (inclusive of Checking and Savings and cash management accounts) are from direct deposit members. For new direct deposit accounts opened in the second quarter, the median FICO score was 747. More than half of newly funded SoFi Money accounts are setting up direct deposit by day 30, and this has had a significant impact on debit spending, with continued strong cross-buy trends from this attractive member base into Lending and other Financial Services products. With our launch of offering FDIC insurance of up to $2 million, nearly 98% of our deposits were insured at quarter end. As a result of this growth in high quality deposits, we have benefited from a lower cost of funding for our loans. Our deposit funding also increases our flexibility to capture additional net interest margin [NIM] and optimize returns, a critical advantage in light of notable macro uncertainty. SoFi Bank, N.A. generated $63.1 million of GAAP net income at a 17% margin.\" Source: SoFi Q2 2023 Earnings Press Release   For FY-2023, SoFi increased its revenue guidance from $1.955-2.020B to $1.974-2.034B and raised the adj. EBITDA guide from $268-288M to $333-343M [adj. EBITDA margin: +17%]. While SoFi's revenue growth is set to slow down significantly in the back half of this year based on the current trajectory of deposit growth and loans held on its balance sheet, I think SoFi can continue to outperform expectations in upcoming quarters if the ABS (asset-backed securities) market opens up as interest rates stabilize.   SoFi Q2 2023 Investor Presentation As we know, the recent strength in SoFi's business has been driven by the structural benefits of its bank charter (attained in 2022), which has allowed the fintech company to raise deposits at low-interest rates [reducing capital costs for its lending activity]. As of Q2 2023, SoFi's deposit base stood at $12.7B, and this deposit base is providing SoFi the flexibility of holding loans on its balance sheet for a longer duration (as necessitated by the ongoing freeze-up in credit markets due to rapid changes in interest rates). In Q2, SoFi's \"Loans Held for Sale\" rose to $18.2B (up from $15.9B in Q1 2023). With SoFi's total loan originations of ~$4.4B in Q2, SoFi sold nearly $2B of loans from its balance sheet during this quarter. Given this sale activity, the ABS market seems to be opening up (unfreezing), and I view this data as a big positive for SoFi.   SoFi Q2 2023 Investor Presentation  SoFi Q2 2023 Investor Presentation Now, SoFi has the balance sheet strength to hold onto these loans to earn interest income; however, getting rid of these loans via securitization will unlock faster revenue growth in its lending business. While personal (unsecured) loans piling up on SoFi's balance sheet has been highlighted as a massive risk for SoFi, the strict credit standards at SoFi (Personal loan: Avg. FICO score is ~770, Annual Income >$170K) should ensure that the default (delinquency) risk remains low in the future. As per SoFi's management, annualized net charge-offs on its personal loans book declined quarter-over-quarter to 2.94% in Q2 2023. In my view, SoFi's business momentum is incredible, and financial performance in the second half of 2023 is likely to remain strong given the impending end of the Student loan moratorium is expected to drive a flurry of refinancing activity that will boost SoFi's student loan refinancing business. According to SoFi's management, the company is set to become GAAP profitable in Q4 2023, and I think that would be a remarkable feat to end this incredible year on a high note. With all three of SoFi's segments set to reach adj. EBITDA profitability by the end of 2023, I think our cross-buying-centered investment thesis for SoFi has never been stronger. In summary, SoFi's Q2 2023 report was yet another conviction booster. However, let's evaluate SoFi's long-term risk/reward before making an informed investing decision. SoFi's Fair Value And Expected Return To determine the fair value and expected return of SoFi, we will use TQI's Valuation model with the following assumptions:   TQI Valuation Model (TQIG.org) According to TQI's valuation model, SoFi is now worth $13.99 per share (up from my previous estimate of $11.75 per share). With SOFI trading at ~$11.40 per share, I see another ~20-25% upside to fair value from current levels. Hence, investors buying here are getting a sizeable discount on SOFI. Now, let's consider the long-term reward potential by looking at a range of expected outcomes for SOFI assuming an exit multiple of 15-25x P/FCF:   TQI Valuation Model (TQIG.org) In the base case scenario, SoFi's stock could be trading at $26.78 per share five years from now, which would imply a ~18.63% CAGR return from current levels. While these projected returns are slightly lower than our investment hurdle rate of 20% for high-growth stocks, they remain well above long-term equity market returns of ~10%. Given conservative modeling assumptions, I still think SoFi is a decent buy at $11.40 per share in light of Q2 earnings. Key Takeaway: I rate SoFi a modest \"Buy\" at $11.40 per share, with a preference for staggered accumulation using a 6-12 month DCA plan.  As always, thank you for reading, and happy investing. Please feel free to share any questions, concerns, or thoughts in the comments section below.","news_type":1},"isVote":1,"tweetType":1,"viewCount":209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9995840537,"gmtCreate":1661458981032,"gmtModify":1676536520555,"author":{"id":"3569229581224836","authorId":"3569229581224836","name":"Rurulz","avatar":"https://static.tigerbbs.com/09fba295568949361ca317d20e5a600b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569229581224836","authorIdStr":"3569229581224836"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PLUG\">$Plug Power(PLUG)$</a>sharing&nbsp;","listText":"<a href=\"https://ttm.financial/S/PLUG\">$Plug Power(PLUG)$</a>sharing&nbsp;","text":"$Plug Power(PLUG)$sharing","images":[{"img":"https://community-static.tradeup.com/news/1a7802833aa506ef0a4bdbd9dfa02594","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995840537","isVote":1,"tweetType":1,"viewCount":490,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":860077973,"gmtCreate":1632113634992,"gmtModify":1676530703893,"author":{"id":"3569229581224836","authorId":"3569229581224836","name":"Rurulz","avatar":"https://static.tigerbbs.com/09fba295568949361ca317d20e5a600b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569229581224836","authorIdStr":"3569229581224836"},"themes":[],"htmlText":"Read. 50-Day MA","listText":"Read. 50-Day MA","text":"Read. 50-Day MA","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860077973","repostId":"1196172424","repostType":4,"repost":{"id":"1196172424","pubTimestamp":1632105381,"share":"https://ttm.financial/m/news/1196172424?lang=&edition=fundamental","pubTime":"2021-09-20 10:36","market":"us","language":"en","title":"The One Indicator That Has Wall Street Biting Its Nails","url":"https://stock-news.laohu8.com/highlight/detail?id=1196172424","media":"Barrons","summary":"The stock market dropped because there’s something scarier than taxes, tapers, and contagion.","content":"<p>Wall Street has found something scarier than tapering,axes,and contagion. It’s called the 50-day moving average.</p>\n<p>The predictions of impending doom from Wall Street’s talking heads continued this past week. The reasons for a pullback are many: The stock market has rallied for too long and has gone up too smoothly, the Federal Reserve is about to remove the bond buying that has helped prop markets up, taxes are ready to rise, economic data are slowing. None of it really left a mark.</p>\n<p>But then the&nbsp;S&amp;P 500&nbsp;dropped 0.6%, to 4432.99, over the week, while the&nbsp;Dow Jones Industrial Average&nbsp;fell 0.1%, to 34,584.88, and the&nbsp;Nasdaq Composite&nbsp;slumped 0.5%, to 15,043.97. For the S&amp;P 500, it was the first close since June 18 below its 50-day moving average—a technical measure of the previous 50 days’ closes that often ends up acting as support or resistance and that currently sits at 4436.35. For traders, it was very frightening.</p>\n<p>That the drop also occurred on options expiration day—when options bets expire and are rolled over, typically a volatile day—also makes the moment fraught. Since May, options expiration has been the time for the S&amp;P 500 to make a quick test of its 50-day moving average before a bounce higher. And when I say quick, I mean quick, as it usually took the index a day, maybe two, to rebound.</p>\n<p>“The 50-Day MA discussion has been pounded into our heads with every drawdown,” writes Frank Cappelleri, desk strategist at Instinet. “And while we may be sick of hearing about it, the dip buying around the line has been a real phenomenon.”</p>\n<p>This time has a different feel to it. The S&amp;P 500’s sojourn near the 50-day has been longer, notes Jonathan Krinsky, chief market technician at Bay Crest Partners. It’s been sitting near it for about six trading days now, without a big drop or big bounce. “The current set-up looks a bit more like a consolidation on the 50 DMA, as opposed to the prior quick ‘V-shaped’ dips,” Krinsky writes. “What we are saying is that the current way in which we got here feels a bit different than the last four to five times.”</p>\n<p>Still, Krinsky acknowledges that one close below the 50-day isn’t enough to panic. That’s because the S&amp;P 500 has now gone 218 days without two closes below the average, the second-longest streak since 1990. We won’t know if that streak breaks until the end of trading on Monday.</p>\n<p>The market has plenty of excuses to break the 50-day, if it’s so inclined. Maybe Evergrande (ticker: 3333.Hong Kong), the troubled Chinese property developer, will prove to be a Lehman moment and bring the world’s markets down with it. Maybe the Fed will surprise everyone and start tapering this coming week. Maybe something is lurking out there like the Baba Yaga of the old fairy tales, and maybe it looks a lot like Keanu Reeves.</p>\n<p>But perhaps all the September weakness and worry are a good thing, setting the market up for its next run. “The ACWI is oversold again, and sentiment is not too optimistic,” writes Ned Davis Research’s Tim Hayes, commenting on the MSCI All-Country World Index. “The market’s resilience in the face of the negative September seasonality could be the preview of a bullish response to seasonal tendencies that turn favorable in the fourth quarter.”</p>\n<p>We just have to get there first.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The One Indicator That Has Wall Street Biting Its Nails</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe One Indicator That Has Wall Street Biting Its Nails\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-20 10:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/stock-market-falls-because-theres-something-scarier-than-taxes-tapers-and-contagion-51631925838?mod=hp_DAY_7><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street has found something scarier than tapering,axes,and contagion. It’s called the 50-day moving average.\nThe predictions of impending doom from Wall Street’s talking heads continued this past ...</p>\n\n<a href=\"https://www.barrons.com/articles/stock-market-falls-because-theres-something-scarier-than-taxes-tapers-and-contagion-51631925838?mod=hp_DAY_7\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/stock-market-falls-because-theres-something-scarier-than-taxes-tapers-and-contagion-51631925838?mod=hp_DAY_7","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196172424","content_text":"Wall Street has found something scarier than tapering,axes,and contagion. It’s called the 50-day moving average.\nThe predictions of impending doom from Wall Street’s talking heads continued this past week. The reasons for a pullback are many: The stock market has rallied for too long and has gone up too smoothly, the Federal Reserve is about to remove the bond buying that has helped prop markets up, taxes are ready to rise, economic data are slowing. None of it really left a mark.\nBut then the S&P 500 dropped 0.6%, to 4432.99, over the week, while the Dow Jones Industrial Average fell 0.1%, to 34,584.88, and the Nasdaq Composite slumped 0.5%, to 15,043.97. For the S&P 500, it was the first close since June 18 below its 50-day moving average—a technical measure of the previous 50 days’ closes that often ends up acting as support or resistance and that currently sits at 4436.35. For traders, it was very frightening.\nThat the drop also occurred on options expiration day—when options bets expire and are rolled over, typically a volatile day—also makes the moment fraught. Since May, options expiration has been the time for the S&P 500 to make a quick test of its 50-day moving average before a bounce higher. And when I say quick, I mean quick, as it usually took the index a day, maybe two, to rebound.\n“The 50-Day MA discussion has been pounded into our heads with every drawdown,” writes Frank Cappelleri, desk strategist at Instinet. “And while we may be sick of hearing about it, the dip buying around the line has been a real phenomenon.”\nThis time has a different feel to it. The S&P 500’s sojourn near the 50-day has been longer, notes Jonathan Krinsky, chief market technician at Bay Crest Partners. It’s been sitting near it for about six trading days now, without a big drop or big bounce. “The current set-up looks a bit more like a consolidation on the 50 DMA, as opposed to the prior quick ‘V-shaped’ dips,” Krinsky writes. “What we are saying is that the current way in which we got here feels a bit different than the last four to five times.”\nStill, Krinsky acknowledges that one close below the 50-day isn’t enough to panic. That’s because the S&P 500 has now gone 218 days without two closes below the average, the second-longest streak since 1990. We won’t know if that streak breaks until the end of trading on Monday.\nThe market has plenty of excuses to break the 50-day, if it’s so inclined. Maybe Evergrande (ticker: 3333.Hong Kong), the troubled Chinese property developer, will prove to be a Lehman moment and bring the world’s markets down with it. Maybe the Fed will surprise everyone and start tapering this coming week. Maybe something is lurking out there like the Baba Yaga of the old fairy tales, and maybe it looks a lot like Keanu Reeves.\nBut perhaps all the September weakness and worry are a good thing, setting the market up for its next run. “The ACWI is oversold again, and sentiment is not too optimistic,” writes Ned Davis Research’s Tim Hayes, commenting on the MSCI All-Country World Index. “The market’s resilience in the face of the negative September seasonality could be the preview of a bullish response to seasonal tendencies that turn favorable in the fourth quarter.”\nWe just have to get there first.","news_type":1},"isVote":1,"tweetType":1,"viewCount":376,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898562787,"gmtCreate":1628511934849,"gmtModify":1703507304491,"author":{"id":"3569229581224836","authorId":"3569229581224836","name":"Rurulz","avatar":"https://static.tigerbbs.com/09fba295568949361ca317d20e5a600b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569229581224836","authorIdStr":"3569229581224836"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/RIOT\">$Riot Blockchain, Inc.(RIOT)$</a>how I wishhh","listText":"<a href=\"https://laohu8.com/S/RIOT\">$Riot Blockchain, Inc.(RIOT)$</a>how I wishhh","text":"$Riot Blockchain, Inc.(RIOT)$how I wishhh","images":[{"img":"https://static.tigerbbs.com/cb111d7acf92dbbfece453a2881c5d75","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/898562787","isVote":1,"tweetType":1,"viewCount":577,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":804058897,"gmtCreate":1627913375319,"gmtModify":1703497787827,"author":{"id":"3569229581224836","authorId":"3569229581224836","name":"Rurulz","avatar":"https://static.tigerbbs.com/09fba295568949361ca317d20e5a600b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569229581224836","authorIdStr":"3569229581224836"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XCUR\">$Exicure, Inc.(XCUR)$</a>woot woot!&nbsp;","listText":"<a href=\"https://laohu8.com/S/XCUR\">$Exicure, Inc.(XCUR)$</a>woot woot!&nbsp;","text":"$Exicure, Inc.(XCUR)$woot woot!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804058897","isVote":1,"tweetType":1,"viewCount":267,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808669323,"gmtCreate":1627574160062,"gmtModify":1703492751862,"author":{"id":"3569229581224836","authorId":"3569229581224836","name":"Rurulz","avatar":"https://static.tigerbbs.com/09fba295568949361ca317d20e5a600b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569229581224836","authorIdStr":"3569229581224836"},"themes":[],"htmlText":"Yassss","listText":"Yassss","text":"Yassss","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/808669323","repostId":"2155290035","repostType":4,"repost":{"id":"2155290035","pubTimestamp":1627564527,"share":"https://ttm.financial/m/news/2155290035?lang=&edition=fundamental","pubTime":"2021-07-29 21:15","market":"us","language":"en","title":"4 Stock Market Myths to Abandon if You Actually Want to Make Money","url":"https://stock-news.laohu8.com/highlight/detail?id=2155290035","media":"Motley Fool","summary":"It might be worth revisiting some of the \"common knowledge\" assumptions about how things really work.","content":"<p>Has the stock market not behaved quite as you expected? Perhaps some of your picks that were supposed to pay off in a big way just haven't. Things certainly look different from the inside looking out than they do from the outside looking in.</p>\n<p>The good news is, a few philosophical tweaks to your approach may be all you need to turns your results around. Here are the four biggest stumbling blocks too many investors -- particularly new investors -- must work past before they start making the sort of money they'd like to.</p>\n<h2>Myth 1: The more active and involved I am, the more money I make</h2>\n<p>The idea that \"more is better\" makes sense...at least on the surface. The more we study, the better grades we make. The more we practice, the better we get at a sport.</p>\n<p>When it comes to investing, however, less can be more. Trade less often, and you'll make more money.</p>\n<p>To understand why, think about exactly what you're investing in when you buy a stock. You're plugging into the company's long-term success, and it can take a long time to bear fruit. But, spotting long-term corporate success is actually pretty easy to do.</p>\n<p>If instead you're looking for a big short-term gain on a long-term story, your investment is actually a bet on how other investors will feel about a particular stock in the near future. It's not easy to predict future perceptions of an unprofitable or barely profitable company, which is why short-term trading is so difficult to do. Ironically, the more you try to trade your way to market-beating results, the worse off you typically end up.</p>\n<p>The point is, buy quality stocks and leave them alone. You don't have to check on them every day. Indeed, doing so increases the risk of making an ill-advised buy or sell.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1bfb5a937c3265509c37a0e4e31cf196\" tg-width=\"700\" tg-height=\"463\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p>\n<h2>Myth 2: The higher the risk, the greater the reward</h2>\n<p>There was a time when taking on risk meant getting bigger rewards. But an increasing number of companies, investment banks, and insiders have proven this tenet to be false. Big stock price gains often come <i>before </i>a company's business model reaches its full potential, and that can raise risk levels without providing any additional reward.</p>\n<p>A name like <b><a href=\"https://laohu8.com/S/GPRO\">GoPro</a></b> (NASDAQ:GPRO) comes to mind. While no <a href=\"https://laohu8.com/S/AONE.U\">one</a> denies it makes the world's very best action cameras, its stock price got ahead of itself in the early to mid-2010s. Yet when ongoing demand for action camera products didn't live up to expectations, investors paid the price. Even with the rally from its early 2020 lows, shares are still trading 90% below their 2014 peak price.</p>\n<p>And that's certainly not the only example of when the market didn't recognize the suggested or implied reward was never going to be realized.</p>\n<h2>Myth 3: I have to pay someone a lot of money to manage my investments</h2>\n<p>Actually, you don't.</p>\n<p>You <i>can</i> pay someone, of course. Money managers and brokerage firms' so-called wrap account will charge you on the order of 1% of your portfolio's value per year. Robo-advisors charge about half of that (or less) for smaller accounts, though there's very little personal customer service to such plans. Both solutions steer your investments, and for the most part, they do a pretty good job of balancing risk and reward.</p>\n<p>But with a little common sense and self-discipline, you can sidestep those fees and manage your own stock portfolio at little or no cost. Most of the reputable online brokers these days offer commission-free trading -- not that you should trade more often simply because it doesn't cost anything to do so.</p>\n<p>There's a lot to be said about picking your own stocks. Aside from learning by starting out conservatively and becoming more aggressive as you gain experience, you might be surprised to find you're doing better than most professionals do for their customers. In its most recent assessment of the industry, Standard &amp; Poor's found that only about one-fourth of large cap mutual funds outperformed the <b>S&amp;P 500</b> over the course of the past five years. The other three-fourths trailed the S&amp;P 500's performance.</p>\n<h2>Myth 4: When I buy a stock, that money is given to the underlying company to grow its business</h2>\n<p>Finally, although most veteran investors (and even newcomers) understand that an investment in a company isn't the transfer of funds from your account to that organization's coffers where it's then spent on growth initiatives. Rather, when you buy a stock -- say <b>Procter &amp; Gamble</b> -- you're buying those shares of P&amp;G from another investor who's more than willing to let go of their stake of the consumer staples giant at the agreed-upon market price. What do they know that you don't? Maybe nothing. Perhaps they're just ready to reduce their risk or take on more risk.</p>\n<p>There's a more important takeaway, however. That is, you can't completely ignore the inherent mispricing stemming from the ongoing auction process. Eventually, a stock is going to become severely overvalued or undervalued, translating into opportunity for you.</p>\n<p>Still, awareness of this backdrop shouldn't distract you from focusing on the long-term bigger picture. Understanding this inner working of the market will simply make you a better buy-and-hold investor.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>4 Stock Market Myths to Abandon if You Actually Want to Make Money</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n4 Stock Market Myths to Abandon if You Actually Want to Make Money\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-29 21:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/07/29/4-stock-market-myths-to-abandon-if-you-actually-wa/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Has the stock market not behaved quite as you expected? Perhaps some of your picks that were supposed to pay off in a big way just haven't. Things certainly look different from the inside looking out ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/29/4-stock-market-myths-to-abandon-if-you-actually-wa/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2021/07/29/4-stock-market-myths-to-abandon-if-you-actually-wa/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155290035","content_text":"Has the stock market not behaved quite as you expected? Perhaps some of your picks that were supposed to pay off in a big way just haven't. Things certainly look different from the inside looking out than they do from the outside looking in.\nThe good news is, a few philosophical tweaks to your approach may be all you need to turns your results around. Here are the four biggest stumbling blocks too many investors -- particularly new investors -- must work past before they start making the sort of money they'd like to.\nMyth 1: The more active and involved I am, the more money I make\nThe idea that \"more is better\" makes sense...at least on the surface. The more we study, the better grades we make. The more we practice, the better we get at a sport.\nWhen it comes to investing, however, less can be more. Trade less often, and you'll make more money.\nTo understand why, think about exactly what you're investing in when you buy a stock. You're plugging into the company's long-term success, and it can take a long time to bear fruit. But, spotting long-term corporate success is actually pretty easy to do.\nIf instead you're looking for a big short-term gain on a long-term story, your investment is actually a bet on how other investors will feel about a particular stock in the near future. It's not easy to predict future perceptions of an unprofitable or barely profitable company, which is why short-term trading is so difficult to do. Ironically, the more you try to trade your way to market-beating results, the worse off you typically end up.\nThe point is, buy quality stocks and leave them alone. You don't have to check on them every day. Indeed, doing so increases the risk of making an ill-advised buy or sell.\nImage source: Getty Images.\nMyth 2: The higher the risk, the greater the reward\nThere was a time when taking on risk meant getting bigger rewards. But an increasing number of companies, investment banks, and insiders have proven this tenet to be false. Big stock price gains often come before a company's business model reaches its full potential, and that can raise risk levels without providing any additional reward.\nA name like GoPro (NASDAQ:GPRO) comes to mind. While no one denies it makes the world's very best action cameras, its stock price got ahead of itself in the early to mid-2010s. Yet when ongoing demand for action camera products didn't live up to expectations, investors paid the price. Even with the rally from its early 2020 lows, shares are still trading 90% below their 2014 peak price.\nAnd that's certainly not the only example of when the market didn't recognize the suggested or implied reward was never going to be realized.\nMyth 3: I have to pay someone a lot of money to manage my investments\nActually, you don't.\nYou can pay someone, of course. Money managers and brokerage firms' so-called wrap account will charge you on the order of 1% of your portfolio's value per year. Robo-advisors charge about half of that (or less) for smaller accounts, though there's very little personal customer service to such plans. Both solutions steer your investments, and for the most part, they do a pretty good job of balancing risk and reward.\nBut with a little common sense and self-discipline, you can sidestep those fees and manage your own stock portfolio at little or no cost. Most of the reputable online brokers these days offer commission-free trading -- not that you should trade more often simply because it doesn't cost anything to do so.\nThere's a lot to be said about picking your own stocks. Aside from learning by starting out conservatively and becoming more aggressive as you gain experience, you might be surprised to find you're doing better than most professionals do for their customers. In its most recent assessment of the industry, Standard & Poor's found that only about one-fourth of large cap mutual funds outperformed the S&P 500 over the course of the past five years. The other three-fourths trailed the S&P 500's performance.\nMyth 4: When I buy a stock, that money is given to the underlying company to grow its business\nFinally, although most veteran investors (and even newcomers) understand that an investment in a company isn't the transfer of funds from your account to that organization's coffers where it's then spent on growth initiatives. Rather, when you buy a stock -- say Procter & Gamble -- you're buying those shares of P&G from another investor who's more than willing to let go of their stake of the consumer staples giant at the agreed-upon market price. What do they know that you don't? Maybe nothing. Perhaps they're just ready to reduce their risk or take on more risk.\nThere's a more important takeaway, however. That is, you can't completely ignore the inherent mispricing stemming from the ongoing auction process. Eventually, a stock is going to become severely overvalued or undervalued, translating into opportunity for you.\nStill, awareness of this backdrop shouldn't distract you from focusing on the long-term bigger picture. Understanding this inner working of the market will simply make you a better buy-and-hold investor.","news_type":1},"isVote":1,"tweetType":1,"viewCount":480,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147492073,"gmtCreate":1626372427892,"gmtModify":1703758920843,"author":{"id":"3569229581224836","authorId":"3569229581224836","name":"Rurulz","avatar":"https://static.tigerbbs.com/09fba295568949361ca317d20e5a600b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569229581224836","authorIdStr":"3569229581224836"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NKE\">$Nike(NKE)$</a>stay strong now ok!!","listText":"<a href=\"https://laohu8.com/S/NKE\">$Nike(NKE)$</a>stay strong now ok!!","text":"$Nike(NKE)$stay strong now ok!!","images":[{"img":"https://static.tigerbbs.com/ef9ee30619f3b75c50873b8acb933928","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/147492073","isVote":1,"tweetType":1,"viewCount":434,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":147496429,"gmtCreate":1626372390061,"gmtModify":1703758920481,"author":{"id":"3569229581224836","authorId":"3569229581224836","name":"Rurulz","avatar":"https://static.tigerbbs.com/09fba295568949361ca317d20e5a600b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569229581224836","authorIdStr":"3569229581224836"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AYRO\">$AYRO, Inc.(AYRO)$</a>freefall!!!!","listText":"<a href=\"https://laohu8.com/S/AYRO\">$AYRO, Inc.(AYRO)$</a>freefall!!!!","text":"$AYRO, Inc.(AYRO)$freefall!!!!","images":[{"img":"https://static.tigerbbs.com/5299588a3b04a4e3ddfdfc8a60ca4fc1","width":"1080","height":"2100"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/147496429","isVote":1,"tweetType":1,"viewCount":348,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":141301997,"gmtCreate":1625837514819,"gmtModify":1703749536831,"author":{"id":"3569229581224836","authorId":"3569229581224836","name":"Rurulz","avatar":"https://static.tigerbbs.com/09fba295568949361ca317d20e5a600b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569229581224836","authorIdStr":"3569229581224836"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLUG\">$Plug Power(PLUG)$</a>waow","listText":"<a href=\"https://laohu8.com/S/PLUG\">$Plug Power(PLUG)$</a>waow","text":"$Plug Power(PLUG)$waow","images":[{"img":"https://static.tigerbbs.com/124a66a54102837a787f46b10d2acd99","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/141301997","isVote":1,"tweetType":1,"viewCount":763,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3575847166129245","authorId":"3575847166129245","name":"Ll huat","avatar":"https://static.tigerbbs.com/2dff4b5a66d50eabc86a2180906e1fdb","crmLevel":2,"crmLevelSwitch":0,"idStr":"3575847166129245","authorIdStr":"3575847166129245"},"content":"Waiting for the break out","text":"Waiting for the break out","html":"Waiting for the break out"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":141303047,"gmtCreate":1625837471789,"gmtModify":1703749535514,"author":{"id":"3569229581224836","authorId":"3569229581224836","name":"Rurulz","avatar":"https://static.tigerbbs.com/09fba295568949361ca317d20e5a600b","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3569229581224836","authorIdStr":"3569229581224836"},"themes":[],"htmlText":"Is this it?","listText":"Is this it?","text":"Is this it?","images":[{"img":"https://static.tigerbbs.com/0cde4fc21ef496242b20bfe30a7c677d","width":"1080","height":"2100"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/141303047","isVote":1,"tweetType":1,"viewCount":294,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}