From May 12 onwards, OpenAI has provided ChatGPT Plus subscribers with a range of third-party plugins. A new plugin has been added to the system almost every day, serving diverse purposes. As there are now numerous plugins available, we aim to bring some order to the selection by presenting each plugin by category in a series of articles. At this time, we are looking for suitable tools for finance and money management; in summary, these are ChatGPT Financial Plugins.
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PortfolioPilot – The Financial Advisor
PortfolioPilot – The Financial Advisor
Exchange Rates – Real-Time data for 170 currenciesThe PortfolioPilot plugin is a tool that can be used for running an investing portfolio assessment, getting personalized portfolio recommendations, and fetching up-to-date information about individual securities like ETFs, stocks, cryptocurrencies, bonds, and mutual funds, as well as macroeconomic trends.
Key Features
- Portfolio Assessment: The plugin can evaluate a given portfolio taking into account expected returns, risk-adjusted returns, diversification, risk, volatility, downside protection factors like inflation risk and credit risks, and correlation between securities. The result of this evaluation is a set of Portfolio Scores describing the portfolio, an analysis of risk-adjusted returns and downside protection, and a list of specific, actionable recommendations describing how to improve the portfolio. Check out a possible ChatGPT query and its response here.
- Security Information: The plugin can retrieve a wide range of up-to-date information related to securities and macroeconomics, including news, expected returns, risk, financial information, valuations, fund exposures, related securities, and other details about any public company. All the information and news that is returned is real-time, pulled from live sources within the last 24 hours. Example: Please provide me with detailed information about the Apple Inc. stock. In addition to the chat response, you will also receive a link that leads to the Portfolio Pilot page regarding the investigated share.
- ETF and Stock Search: The plugin also has ETF and stock search functionality that allows users to find great funds and stocks according to a set of filters and provides extra information so that they can find the best security that matches their requests.
- Portfolio Improvement: The plugin can automatically improve a portfolio by applying the top recommendation, taking into account the provided risk profile.
- Macroeconomic Insights: The plugin can provide insights into the global economy or a specific region based on the provided filters. It describes what’s happening in the economy and how it affects the markets.
Conclusion
If you are looking for a comprehensive tool to manage your investment portfolio, try the PortfolioPilot plugin. It offers a wide range of features, including portfolio assessment, real-time security information, ETF and stock search functionality, automatic portfolio improvement, and macroeconomic insights. Whether you’re a seasoned investor or just starting out, PortfolioPilot can provide valuable insights to help optimize your investment strategy. Remember, investing involves risk and it’s important to do your own research and consider your financial situation and risk tolerance before making investment decisions.
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