SoFi CEO Anthony Noto was interviewed by Jim Cramer on CNBC’s Mad Money yesterday where he talked about the investing habits of millennials; many young investors like to invest in individual stocks that cost under $10 seeing them as less expensive; Noto said this is why SoFi launched free ETFs so young investors could get broad exposure to the market; but they are also interested in investing in names they know and understand so SoFi launched their new gig economy ETF; early investors in SoFi Invest don’t want to put a lot of money at risk. Source.
