So Money - Episode 1221

Ask Farnoosh

Farnoosh Torabi and Liz Young

Today’s Ask Farnoosh focuses entirely on investing, answering your hottest questions about 401(k)s, brokerage accounts, and how to save for your future if you’re self-employed. Also, what to make of the meme stock craze?

This is a special episode produced in partnership with our friends at SoFi, the all-in-one platform where you can save, you can spend, earn, borrow, invest. Now at SoFi you can buy stocks and ETFs and open an automated portfolio all with no account minimums and zero commission on trades. Plus, members now have access to upcoming IPOs before they begin trading on an exchange. Through SoFi social investing, you can also follow other members and see what they’re investing in.

You can visit to sign up for a SoFi active invest account and enter to win $5 to $1,000.

Helping me answer your questions today is Liz Young, SoFi’s head of investment strategy where she is responsible for providing economic and market insights to a variety of audiences. Liz is passionate about educating others on investing to help people feel empowered to take a more active role in their financial futures.



Terms and conditions apply. Loans originated by SoFi Lending Corp. or an affiliate. CFL #6054612, NMLS #1121636 ( Equal Housing Lender. Brokerage products offered through SoFi Securities LLC, member FINRA/SIPC. SoFi Money® is a cash management account, which is a brokerage product. Neither SoFi nor its affiliates are a bank. Advisory services are offered through SoFi Wealth, LLC an SEC-registered Investment adviser.

Investing early in a new issue involves substantial risk of loss. The decision to invest should always be made as part of a comprehensive financial plan taking individual circumstances and risk appetites into account
Social investing is meant to be informational and is not advice. Any actions other users take should not be considered as the basis for an investment decision. Investing comes with risks including the risk of loss.

Liz Young is a Registered Representative of SoFi Securities and Investment Advisor Representative of SoFi Wealth. Her ADV 2B is available at

This information isn’t financial advice. Investment decisions should be based on specific financial needs, goals and risk appetite.

Diversification can help reduce some investment risk. However, it cannot guarantee profit nor fully protect in a down market.

Certified Financial Planner Board of Standards Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design), and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

The SoFi Credit Card is issued by The Bank of Missouri (TBOM) (“Issuer”) pursuant to license by Mastercard® International Incorporated and can be used everywhere Mastercard is accepted. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

SoFi doesn’t provide tax or legal advice. Individual circumstances are unique. Consult with a qualified tax advisor or attorney about your specific needs.


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