$6.80 will be the tippy-top of SOFI if it can get there.
Back to the $5's by next week.
~The Chart King
First I give you the idea Stage 1 and you knock it, you don't like it. Check. You say it's going down instead it goes up. Now you say it's not going to go much further.Stage 2- 2nd round of negativity. Check.
I am trying to find a stock that goes from $5----- $50. This is along term idea not another Van flame out.
The whole idea of this thread as I told you was not to have frequent Van Panics.. FVP's which you always do... OK I'm trying to really build long term wealth here- The stocks I choose will not have momentum, this is a different sort of thread-
Keep doubting. And wait for Stage 3. When I finally grab a huge chunk for my boy. I too think it will come back in. But ultimately go way up.
The student debt story I think will come back to earth in the Senate.
It's a touchy subject in my household, my wife is crazy against the gouging of students. $40,000 becomes $114,000 it's not a good system.
I came up with a solution. A Student/ Debt Bond.
This is a financial instrument that would take your debt say $44,000 and let others trade upon it and do what they do with the knowledge that if you hold to maturity say 15 years the debt will be exactly what it originally was. No more.
In between it could move up and banks could trade it etc. But it would have a timeline and a value correction at the end. Pre-paid off loans could be encouraged with discounts.