7 Stock ETFs You Won't Find Anywhere Else | Summary and Q&A

TL;DR

Sofi offers a range of Innovative ETFs, including a weekly dividend ETF and a work-from-home Revolution ETF, but finding them can be challenging.

Key Insights

• 🧡 Sofi offers a range of Innovative ETFs, providing investors with access to unique themes, such as weekly dividends, work-from-home Revolution, and web 3.0.
• ❓ Finding the Sofi ETFs on the platform can be challenging and requires navigating through the discovery section.
• 🥳 The Sofi ETFs come with higher expense ratios compared to other funds, but they offer access to foreign stocks and the convenience of automated investing.
• ❓ While the Sofi ETFs provide exposure to specific themes, some of the stock selections may not align perfectly with those themes.
• 💐 Sofi's ETF lineup includes a social investing ETF, a web 3.0 ETF, an ETF for freelancers and solopreneurs, and an ETF focused on the next 500 largest companies in the US market.
• 👋 Investors should consider comparing the Sofi ETFs with other available options to find the best fit in terms of themes and fees.
• 🥹 Sofi's select 500 ETF stands out from the traditional S&P 500 funds by weightings their holdings based on fundamental factors like sales growth, offering a different composition from the market-cap-weighted S&P 500.
• 👲 Sofi's next 500 ETF offers exposure to the potential growth of the next largest 500 US companies, providing diversification beyond mega-cap stocks.

Transcript

hey bowtie Nation Joseph Hogue here and you know I love ETS for that easy low stress investing so I was shocked when a group of stock ETFs I had never heard of started popping up in the comments these are some of the most Innovative ETFs giving you the ability to invest like never before like one that sends you weekly dividends with just one stock ... Read More

Questions & Answers

Q: What is the Sofi weekly dividend ETF?

The Sofi weekly dividend ETF (ticker: wkly) is an ETF that provides investors with access to a portfolio of nearly 400 dividend-paying stocks and distributes income on a weekly basis. It offers convenience and a diversified portfolio of stable, developed market stocks.

Q: How can I find the Sofi ETFs on the platform?

Finding the Sofi ETFs on the platform can be challenging. You need to go to the discovery section, scroll past the offers, and look for the collections or individual stocks around specific themes. The Sofi ETFs are listed under the "Sofi ETFs" section.

Q: What are the pros of investing in Sofi ETFs?

The pros of investing in Sofi ETFs include access to Innovative themes that are not available in other ETFs or platforms, access to foreign stocks, and the convenience of automated investing on the Sofi platform.

Q: Are there any drawbacks to investing in Sofi ETFs?

Some drawbacks of investing in Sofi ETFs include higher expense ratios compared to other funds, low trading volume, and the need to go off the platform to find information about the ETF holdings. Additionally, there may be alternative ETFs with similar themes and lower fees available on other platforms.

Summary & Key Takeaways

• Sofi offers seven new and Innovative ETFs, including a weekly dividend ETF and a work-from-home Revolution ETF.

• The weekly dividend ETF (ticker: wkly) provides easy access to a portfolio of nearly 400 dividend-paying stocks and distributes income on a weekly basis.

• Sofi's ETFs offer unique themes and access to foreign stocks, but they come with higher expense ratios compared to other funds.