$SoFi Technologies(SOFI.US)$ triple beat

The financial story of 2021 may be the 445 exchange trade funds that debuted this year as the U.S. ETF industry ballooned to $7 trillion.
The business has never known times like these. A corner of Wall Street already enjoying a reputation for explosive growth has gone supernova, with a record 445 new products in 2021 so far.
--- according to Bloomberg
Behind the rapid expansion is a deluge of new cash as investors chase an economic recovery from the coronavirus, while equity mutual funds fall out of favor. About $900 billion has flowed into the ETF market since the start of the year -- also easily a record. Barely any funds are getting shuttered.
There's a lot of money being transferred from a generational standpoint. The stars are aligning right now for the ETF industry to a) evolve very quickly and b) take in flows.”
--- said Keith Buchanan, portfolio manager at Globalt Investments
All that means the number of ETFs Americans can choose from has jumped 19% since the end of 2020. About a quarter of all trading ETFs are less than two-years old, according to Bloomberg Intelligence -- another sign of industry boom times.
Active ETF is growing
The details of the launches tell a deeper story: From the 445 new arrivals, 75 target fixed income. For the first time, new actively managed ETFs outnumber their passive counterparts with 298 debuts versus 147.
The letters ETF used to spell passive to most investors. Now more and more advisors are realizing that ETFs are no longer just about gaining passive exposure and that active ETFs, particularly within fixed income, make sense because they can gain exposure to experienced bond managers.”
--- said Allison Bonds, head of private wealth management at State Street Global Advisors
At the same time, launches of low-cost, broad equity-index trackers are dwindling. Traditional core or "beta vehicles" made up only 8% of total equity ETF launches from the start of.
--- according to Bloomberg Intelligence
Partly, that's because such core strategies are well represented by big, established and very cheap funds from the major issuers. The popularity of the likes of the $SPDR S&P 500 ETF(SPY.US)$ and the $Vanguard S&P 500 ETF(VOO.US)$ mean they still claim the lion's share of new cash.
Thematic ETF become popular
Thematic ETF target trends like automation or electric vehiclesrather than traditional industry segments. They've proved hugely popular with the retail-investing crowd, which has been a growing force in markets since the pandemic hit. The high-profile success of Cathie Wood's Ark Investment Management $ARK Innovation ETF(ARKK.US)$ $ARK Autonomous Technology & Robotics ETF(ARKQ.US)$ has also helped fuel a wave of copycats $ProShares Bitcoin Strategy ETF(BITO.US)$ $Valkyrie Bitcoin and Ether Strategy ETF(BTF.US)$.
Complex Categories
Aligned with this specialization, funds have been getting more complex. Over 30 ESG ETFs have launched in the U.S. this year. There have been 56 new ETFs this year investing in derivatives to amplify bets, make them inverse or deliver protection. A major driver of this has been the development of defined-outcome ETFs, also know as buffers. They seek to provide capped exposure to gains in exchange for limiting losses.
Source: TheStreet, Bloomberg

🔥 $NIO Inc(NIO.US)$ DAY SUMMARY🔥
- NIO Reveals the ET5
- NIO ET5 PREORDERS hit 40,000 - 70,000 in just 1 Day
- ET5 Deliveries start in September 2022
- NIO reveals the NIO EV AR Glasses with some unbelievable Technology
- ET7 Deliveries start in March 2022
- NIO is launching in Germany, the Netherlands, Sweden & Denmark in 2022
- More production coming as End of 2022 Production capacity should be 600,000 Vehicles a year!!!
- NIO completed over 5.5 Million Battery Swaps
- In 2021, NIO build an additional 733 Swap Stations.
- More Battery Swap Stations coming
- NIO installed 94,000 Home Charger
- NIO is the Most Connected EV Ecosystem in China
- NIO introduced NIO Green Parks which will be a Green Energy Business
- Over 6000 Super Chargers
- NIO will be in 25 Countries by 2025, amazing expansion

I bought when it hit 14.20 yesterday,. but only a small amount. SOFI can and probably will go lower. that being said, I think as it approaches 10-11 I will be buying aggressively, as long as their is not any negative catalysts.
10-11 is my fair value for SOFI $SoFi Technologies(SOFI.US)$ , considering its revenue growth and interest rate enviornment next few years

$NIO Inc(NIO.US)$ The question about NIO has been how they make money.
1] Batteries are a significant expense for BEVs. Until batteries cost considerably less per KWH the cost of the batteries almost overcomes the simplicity of Bevs when compared to ICEs. NIOs battery swap strategy is great for consumers but it forces NIO to make more than a single battery for every car sold (the battery in the car (1) plus all the batteries in the swap stations divided by the number of cars on the road) = number of batteries per car -- at least 1.2. Possibly as much as 1.6 or 1.7.
Last I heard NIO was still outsourcing manufacturing so they cannot take advantage of economies of scale. Also they cannot insure super efficient automated factories like Tesla has built. So, even aside from the batteries the manufacturing cost will be more than Tesla. Note that they are relying on a government owned and run manufacturing company to make the cars. Unless that company charges below cost there is pretty much no chance that the cars won't cost more to manufacture, possibly a lot more than Teslas.
At the present the Chinese government (I suspect) is highly subsidizing NIO. But that can't last forever. Remember how long $Tesla(TSLA.US)$ took (eight years at least from release of the Model S) to become truly profitable. I don't see an easy path to profitability for NIO, as they have to keep selling costs in line with the far more efficient Tesla.