Introduction
In the ever-evolving world of artificial intelligence, a new tool has emerged that promises to revolutionize the way we approach investing. This tool is a plugin for ChatGPT called Portfolio Pilot. This article will delve into the features and capabilities of Portfolio Pilot.
What is Portfolio Pilot?
Portfolio Pilot is a free plugin for ChatGPT, a language model developed by OpenAI. It’s designed to be an AI investing guide, providing portfolio assessments, recommendations, and answers to all finance-related questions. Think of it as a personal financial advisor, but powered by advanced AI models.
Features of Portfolio Pilot
Portfolio Assessment
Just like a doctor examines a patient to diagnose their health, Portfolio Pilot assesses your investment portfolio. It uses advanced AI models to provide a detailed report that includes actionable recommendations to improve your portfolio. It’s like having a financial health check-up at your fingertips.
Stock and Security Details
Portfolio Pilot can provide up-to-date information about specific securities or stocks. It’s like having a financial news reporter who can instantly tell you about expected returns, risks, financial information, valuations, and even whether to buy, hold, or sell a particular security.
Top ETFs and Stocks
Portfolio Pilot can provide a list of top ETFs (exchange-traded funds) and stocks based on various filters such as fund philosophy, diversification, expense ratio, asset class, and more. It’s like having a curated shopping list tailored to your investment preferences.
Portfolio Improvement
Based on your risk profile, Portfolio Pilot can provide recommendations for portfolio improvements. It’s like having a personal trainer who understands your fitness level and recommends exercises to help you reach your goals.
Using Portfolio Pilot: A Practical Example
In the review video, AI with Oliver uses Portfolio Pilot to compare two popular stocks: Palantir and Netflix. The plugin provides a detailed comparison, including expected total return, volatility, sharp ratio, price, revenue per share, trading volume, put-call ratio, enterprise value, revenue, debt to equity, and growth. It’s like having a side-by-side comparison chart for two products you’re considering buying.
Conclusion
Portfolio Pilot is a powerful tool for anyone interested in investing. It’s like having a team of financial advisors, analysts, and news reporters at your disposal, all powered by advanced AI. However, as with any tool, it’s important to use it wisely. Always do your own research and consider seeking advice from a qualified financial advisor. With Portfolio Pilot, you’re not flying solo on your investment journey, but have a co-pilot to help navigate the complex world of finance.
Remember, the world of ChatGPT plugins is rapidly expanding, with over 130 plugins available as of the time of the review video. So, keep exploring, and you might find other plugins that can help you in your personal or professional life. Happy investing!