SoFi Blog

Sometimes, money matters can feel frustrating as a millennial. Learning something new can make you scratch your head, wondering where to start. Investing is no exception.

One advantage millennials have is the ability to learn from previous generations. Additionally, there is one arena where millennials may have it better than previous generations, and that’s the arena of investing.

Currently, there are many accessible, transparent options for investing that are both low-cost and don’t require a huge amount of money to get started.

If you’re wondering “how do I learn to invest my money?”, you could start by taking a peek into history to learn what was different, what was the same, and what you can do better.

Here are four things that millennials can learn about investing from previous generations.

Personal finance “gurus” and “experts” have taken to slapping mainly millennials on their proverbial wrists for their (alleged) lavish spending on specialty coffee beverages at the expense of investing in their futures, beyond that of previous generations. We think millennials have taken enough heat for this overplayed and simply inaccurate stereotype.

In honor of National Coffee Day later this week, all of you SoFi Invest members out there (and those that invest at least $5 on the SoFi Invest platform over the next month) will receive a free coffee drink at Australian-inspired hospitality and lifestyle brand, Bluestone Lane .¹

Earlier today, we announced that we’ve added crypto trading to our fast-growing SoFi Invest platform, as a response to demand from you! SoFi Invest is now the first platform to offer automated and active investing with stocks, ETFs, and crypto through a single app.

You can easily buy and sell several cryptocurrencies with straightforward, competitive commissions and no account minimums, as well as track the price movements of the world’s most widely-traded digital assets, with more cryptocurrencies to be added in the coming months. and rest assured, we secure all crypto holdings from fraud and theft.

“Feedback from our members has made it clear that a significant percentage are not only interested in learning more about cryptocurrencies but are also already buying and selling crypto,” said SoFi CEO Anthony Noto. “We’re very pleased to be adding this new product to SoFi Invest, as access, education, and keeping costs low for our members is at the heart of what we do.”

In our efforts to bring you the latest updates on things that might impact your financial life, we may occasionally enter the political fray, covering candidates, bills, laws and more. Please note: SoFi does not endorse or take official positions on any candidates and the bills they may be sponsoring or proposing. We may occasionally support legislation that we believe would be beneficial to our members, and will make sure to call it out when we do. Our reporting otherwise is for informational purposes only, and shouldn’t be construed as an endorsement.

If you’ve kept up with the democratic debates or campaigns recently, you may have heard the term universal basic income, or UBI, tossed around.

The program’s biggest proponent, democratic candidate Andrew Yang, says that a universal basic income will be key to protecting the American economy in the future, especially as more jobs are replaced by automation and technology. His plan for a “Freedom Dividend ” would give Americans $1,000 a month, which he argues would increase productivity and boost economic growth.

Here’s a look at what universal basic income is, Yang’s proposed plan, and how adopting a UBI could possibly affect you in the future.

As many of us enjoyed the final month of summer, plenty of attention was focused on a somewhat bumpy August which delivered political turmoil, escalations in a trade war, and concern in the fixed income market. Overall, the stock markets ended the month down slightly, so sit back and catch up on some market moving news.