If I Bought $1,000 Worth of SoFi Stock at the Start of the Year, Here's How Much I Would Have Today
Propelled by rapidly rising interest rates, 2022 was a dreadful year for the stock market. But 2023 has so far been a positive environment for investors, with the Nasdaq Composite index up 31% (as of Aug. 14).
Some stocks, like SoFi Technologies (NASDAQ: SOFI), have performed substantially better than the index. The fintech company's shares are up a whopping 88% this year, even though they have dropped 16% since the start of August.
This means a $1,000 investment made on Jan. 1 would be worth nearly $1,900 today. That's a fantastic return in such a short amount of time.
Source Fool.com