If You'd Invested $1,000 in SoFi Technologies Stock 3 Years Ago, Here's How Much You'd Have Today

I'd like to show how much your stake in SoFi Technologies (NASDAQ: SOFI) would be worth today if you'd invested in it a decade ago -- because I believe that long-term investing in great companies is arguably the best road to riches. But alas, SoFi is a young company and only started trading on the stock market in early 2021.

So here's how you'd have done if you'd parked $10,000 in it roughly four years ago: Your stake would be worth about $5,029. Oops!

Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More »

Image source: Getty Images.

As often happens when stocks many people are excited about debut on the market, typically via with initial public offerings (IPOs), excitement drives the stocks up sharply, only to see them fall to earth some months later. (It's often smart to wait for a newly trading company to settle down before investing in it.)

You might be interested to learn more about SoFi Technologies, because it has a lot of promise. It's a digital financial services company -- a "fintech" business -- offering services such as banking, loans, investing, credit cards, mortgage loans, student loan refinancings, insurance, and more. (Whew!) Via its app, it aims to be a one-stop financial stop.

In short order, SoFi has become the 63rd-largest bank in the U.S. by assets -- and it may well rise much higher in the ranking if it keeps executing well. Per a Motley Fool Research report, some three-quarters of banking customers are likely to switch banks if they find something they like better.

SoFi recently boasted 10 million members -- having more than tripled its membership in just over three years. It has demonstrated an ability to grow -- but it does face some potential headwinds, such as a possible recession. In addition, its stock isn't exactly bargain-priced, with a recent price-to-sales ratio of 4.8. That is lower than the ratio it has been in past years, though, and it's looking like a reasonable entry point for risk-tolerant investors.

Should you invest $1,000 in SoFi Technologies right now?

Before you buy stock in SoFi Technologies, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and SoFi Technologies wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $495,226!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $679,900!*

Now, it’s worth noting Stock Advisor’s total average return is 796% — a market-crushing outperformance compared to 155% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.

See the 10 stocks »

*Stock Advisor returns as of April 10, 2025

Selena Maranjian has positions in SoFi Technologies. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.