ChatGPT helped me manage my portfolio and it is now up +130%
I had some fresh capital early this year. I asked ChatGPT to help me position it.
Where ChatGPT specifically helped me:
- Stock screen - there are thousands of stocks out there. Instead of drowning in them, I used AI to help me sift through the areas where there is growth and continuous growth.
- Managing the VAR (Value at Risk) - If you went to some form of financial school or studied trading, then you are probably familiar with this concept. This is personally my weakness as I cannot size my investments correctly. ChatGPT clearly helps me manage the VAR to minimize my risk.
- Entry reminder - Yes, a traditional broker can do this. However, I like that instead of just setting a price target, I can ask the AI to show me the story and explain why an entry makes sense at that time.
My biggest winners:
• $MSFT - from the start at the 300 levels, this was a screaming buy from ChatGPT. I got a full thesis of reasons and also the "why."
• $ACN - this came in late, but it entered the radar of my prompt around July. It even told me about inside buying at 170, which solidified my judgment.
My losers (not yet materialized):
• $RKLB - this was included for a small VAR and as a speculative position. I did not follow the advice and sized it bigger than it needed to be. I am still in the RED.
• $IONQ - generally flat. The entry given to me was on the high side and I am still in the RED.
My Takeaways:
• AI is a great tool but it can still miss. You need to ask the right questions or else it like patronizes you.
• Even after a year of using ChatGPT, I still don't know how agents work. Lol.