Now Is a Good Time to Consider SOFI Stock as a Safe Play My refusal to give up on SoFi Technologies (NASDAQ: SOFI ) stock in 2022 despite a 55% slide in SOFI stock definitely has me licking my wounds. A couple of days before it reported earnings in early May, I mentioned how as recently as April, SOFI was a decent weighting in the VanEck Social Sentiment ETF (NYSEARCA: BUZZ ). I suggested to readers that an alternative way to bet on the fintech was to buy some shares in BUZZ. With the student loan moratorium extended through the end of August, SoFi’s profitability pathway has been delayed a few months or quarters. This makes betting on SOFI a difficult one despite the recent rebound. They say you can go to the well once too often, but I’m doing just that. If you like SOFI but don’t want to risk that its recent gains were a dead cat bounce, you might want to consider the Amplify Digital Online Trading ETF (NYSEARCA: BIDS ). Here’s why. SOFI SoFi Technologies $7.03 The Downside Protection for SOFI Stock Unlike BUZZ, which invests in 75 large-cap stocks getting the most online traction, BIDS tracks the performance of the BlueStar Global E-Brokers and Digital Capital Markets Index.