Rate Of Return【Day 3】Diversifying my Fintech portfolio
#MyInvestmentDiary
Operation: Added some SOFI today to dca
Reason: Sofi has fallen deep from its ATH of $30+ while trading with an attractive forward price to earnings ratio.
Insights: Sofi incorporates stablecoins and cryptocurrencies to their platform, allowing users to pay via alternative methods. CEO Noto recently bought 56,000 shares at avg $18, signalling management's confidence in continuous profitability. The dip in share price opens up opportunities for new investors since it's now trading at a lower premium, while analysts maintain a mid $20 to $30 12 month price target.
@Bridge Buzz SG
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