Financial Literacy

A trailing stop order is a stop-loss policy where a sell order is executed once the stock’s price drops by a specified percentage.

Taxable investment accounts are investment accounts that are taxed at a standard rate. They do not have tax-advantaged benefits.

A share of stock is a unit of investment that represents ownership in an entity. Shares are usually issued when companies or funds want to raise capital.

A shareholder is any person, company or organization that owns one or more shares of a company. This ownership stake is an investment vehicle.

Short selling hopes prices decrease so they can buy back the shares at a lower price and keep the difference. This carries high risk.

A sole proprietorship is owned by an individual, and the individual is responsible for all debts of the business. It is not a separate entity.

The Securities and Exchange Commission (SEC) is a federal organization that governs and enforces the laws of the security industry to protect investors.

The company has partnerned with Pagaya (a fintech company) and plans to integrate Pagaya’s tech into SoFi’s product offerings.