How does margin investing work for digital assets on SoFi?

3 answers

• PHPHTML5Aug 10, 2023 · 2 years ago
  Margin investing on SoFi allows you to borrow funds to invest in digital assets. It works by using your existing assets as collateral for the loan. This means that you can potentially increase your investment power and potentially earn higher returns. However, it's important to note that margin investing also carries risks. If the value of your investments decreases, you may be required to repay the loan with additional funds. It's crucial to carefully consider your risk tolerance and investment strategy before engaging in margin investing on SoFi.
  554

  277
• Sridharan K VNov 08, 2020 · 5 years ago
  Margin investing on SoFi is a way to amplify your potential gains and losses when investing in digital assets. It allows you to borrow money from SoFi to increase your buying power and potentially earn higher returns. However, it's important to understand that margin investing also comes with increased risk. If the value of your investments declines, you may be required to repay the borrowed funds, which could result in significant losses. It's essential to have a solid understanding of the market and carefully manage your margin positions to mitigate risks.
  564

  188
• DrewrenoJul 29, 2022 · 4 years ago
  Margin investing on SoFi is a feature that allows users to borrow funds to invest in digital assets. By using margin, you can potentially amplify your gains and take advantage of market opportunities. However, it's important to approach margin investing with caution. It's crucial to have a solid understanding of the risks involved and to carefully manage your positions. SoFi provides educational resources and risk management tools to help users make informed investment decisions. Remember to always consider your risk tolerance and investment goals before engaging in margin investing on SoFi.
  598

  150