Great money options. Bad for stocks. – SoFi - Banking and Investing Review

I initially got the account for the great deal with SoFi money. Then I decided to get some extra in there and try out SoFi investing. I like the first part, not a fan of the investing. It’s very basic. Like very basic. Your normal stock purchase and selling rules are non-existent. You just tell it to purchase. Not when to purchase. No thresholds. And it will just purchase it for you whenever it’s convenient for the app. My last purchase was in the morning and it didn’t put in my order until about 4pm-ish. The price had jumped since my order was put in and it charges the shelf price for when it purchase the stock. Not when the order was put in. So for me I lost out on money because the delay in the purchase. Do not use this app for day trades or even week trades. It’s only useful for long term investing. A month maybe. Because if you are after buying and selling, cashing in on penny’s...then you gonna have a bad time.
Review by Jamesdusoleil on SoFi - Banking and Investing.