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Guide to Speculative Investments
https://www.sofi.com/learn/content/speculative-investment/
A speculative investment is when an investor hopes to profit from a rapid change in the value of an asset, often one that’s considered non-productive. Many speculative investments are short-term, and they can be made in markets such as foreign currencies, collectives, fine art, and margin trading of stocks. Typically, speculative investments are high-risk positions […]
What Is the Kiddie Tax?
https://www.sofi.com/learn/content/understanding-the-kiddie-tax/
The kiddie tax is a tax rule designed to prevent parents from shifting investment income to their children to take advantage of lower tax rates. Introduced in 1986, it ensures that unearned income from a child’s investments, such as dividends and interest, is taxed at a higher rate once it exceeds a certain threshold. Understanding […]
Everything You Need to Know About Taxes on Investment Income
https://www.sofi.com/learn/content/taxes-on-investment-income/
There are several ways investment income is taxed: You may be familiar with capital gains taxes — the taxes imposed when one sells an asset that has gained value — but it’s important to also understand the tax implications of dividends, interest, retirement account withdrawals, and more. In some cases, for certain types of accounts, […]
The Mortgage Underwriting Process: How Long Does it Take?
https://www.sofi.com/learn/content/what-is-mortgage-underwriting/
Underwriters are a bit like jurors: They soberly weigh the evidence and render a verdict. Unlike jurors, underwriters sometimes reach out to those they are, well, judging to obtain additional information, clarify a matter, or otherwise help the case for mortgage approval. If the underwriter finds that you’re fiscally fit enough to take on a […]
How to Qualify for a Mortgage: 9 Requirements for a Mortgage Loan
https://www.sofi.com/learn/content/tips-to-qualify-for-a-mortgage/
Many first-time house hunters lie awake at night worrying, Will I qualify for a mortgage? With the wide variety of loan programs, down payment requirements, and credit thresholds out there, qualifying for a mortgage can feel like a bad choose-your-own-adventure story: “Didn’t prequalify? Return to page 1.” Let’s take some of the mystery out of […]