1 Financial Services Stock That Could Turn $1,000 Per Month Into $1 Million

MrDecoder · 2026-02-20T23:09:10+00:00

Disciplined investing can turn monthly contributions into significant wealth. SoFi Technologies (SOFI), with a strong growth history, presents an attractive opportunity despite recent declines. Its diverse fintech services and rapid membership growth support a promising investment outlook.

MrDecoder

2026-02-20 23:09:10

Abstract generation in progress

Gobs of good stocks can turn $1,000 per month into $1 million or more. It just takes disciplined investing, a fair amount of time, and, of course, a good stock – or stocks.

Here’s one such stock from the financial sector: SoFi Technologies (SOFI 1.50%). It has been averaging annual gains of 43% over the past three years, though it’s down 25% year to date. That presents an attractive buying opportunity.

Image source: Getty Images.

The table below shows that you can reach $1 million with it or another stock even if it averages 8% growth.

$1,000 Invested Per Month (in Years)	8% Annual Growth	10% Annual Growth	12% Annual Growth
5 years	$70,399	$73,261	$76,234
10 years	$173,839	$191,249	$210,585
15 years	$325,825	$381,270	$447,357
20 years	$549,144	$687,300	$864,629
25 years	$877,271	$1,180,165	$1,600,006
30 years	$1,359,399	$1,973,928	$2,895,992
35 years	$2,067,802	$3,252,292	$5,179,962
40 years	$3,108,678	$5,311,111	$9,205,097

Source: Calculations by author via Investor.gov.

SoFi Technologies operates in the promising realm of fintech (financial technology). It’s an online bank offering a wide range of personal finance services. It began mainly as a student loan servicer, but it now offers everything from auto loan refinancing to personal loans, mortgages, credit cards, investments, and, of course, banking.

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NASDAQ: SOFI

SoFi Technologies

Today’s Change

(-1.50%) $-0.29

Current Price

$19.01

Key Data Points

Market Cap

$24B

Day’s Range

$18.52 - $19.18

52wk Range

$8.60 - $32.73

Volume

1.7M

Avg Vol

56M

Gross Margin

61.06%

SoFi began with younger consumers, and it has continued courting them – for example, by pushing into cryptocurrency. It’s succeeding, too, posting a revenue gain of 37% year over year for its fourth quarter and a fee-based revenue gain of 53%. Its membership, too, is growing briskly, rising 35% year over year to 13.7 million people.

CEO Anthony Noto has noted, “Our one-stop shop is scaling exactly as intended and delivering a winning combination of growth and returns. We added a record 1 million new members this quarter and drove record product growth.”

Best of all, SoFi’s stock seems reasonably valued or even a bit undervalued at recent levels.

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