I had to wait over 30 days to withdraw my funds because of a technical error. The team was very slow and left me alone to solve the technical issue to sell my securities. EDIT: The developer has commented below to make it appear that I missed a feature of the app. To be clear, I emailed Chris and screenrecorded the bug that would not let me withdraw my funds from the pilot. Then, I went into my brokerage and manually sold all my positions the pilot had bought, and the automation of the pilot rebought them again. Chris offered me the solution of going into the Autopilot app and “blacklisting” 100+ stocks so the Autopilot would not buy them again. Instead of working with me to withdraw my positions when I did not want to use the app anymore, the team left me on read, took weeks to respond to emails, and in the end I had to try different iOS devices with the app to successfully get my money back.
Developer Response
Hey! Apologies for this, to be clear though the money never actually leaves the comfort of your own account so it all stays in your broker. You may be referring to the selling out of the pilot which I will look into, but again you can simply go into your brokerage and sell out of the stocks right there too.
If you have any further questions though shoot me an email chris@joinautopilot.com(First a word of warning - you want your investment in the app to be significant, the monthly cost is $30 a month so you want to make enough in growth to offset this cost the more money you have in the app the more worth it)
From my experience this app is much better than trying to be an individual trying to guess the movement of the markets and doing my own research. I’m busy I work long hours and commute so I don’t have much time to invest in researching stock options. I appreciate this app for giving me the option to place my money into a diversified portfolio where I can expect decent growth.
Taking out / putting in money is quite intuitive through the app and it makes it really easy to track your grains or losses total or through individual accounts.
Lastly the app has this scary disclaimer saying you must make 100,000 at least a year to use it. Don’t listen to that I make significantly less a year and seen significant growth with what I have been able to spare
Don’t understand the negative comments regarding this app. It is really well done and inspired me to transfer a significant portion of my portfolio to Robinhood as they don’t support Schwab. Yes there is room for improvement like showing individual stock daily and lifetime gains, but I can always do that by looking at my brokerage account. I can now invest like insiders and the very best hedge funds. With the $100 fee, it really isn’t supposed to appeal to small accounts but is more than reasonable for moderate size accounts (10k or more). The people that run this app need to be paid, if you don’t think so, you probably shouldn’t be investing in the stock market in the first place.
I started this in Dec 2023. It guided me to open an account at Robinhood, then I had my brokerage move some funds in. Link Autopilot to the Robinhood account, choose my pilot investors, and within minutes, the app made all the trades to get me started. I personally am following Burry and Simons. In 2 months, I'm up 10% in a period when the market is up 5%. If this trend continues, I'll be moving more money in. I'm a happy camper so far!
I trade a lot an I enjoy hurting my competitors where it counts their wallets, since our greedy politicians wish to play a game I think it very wise if we the people play the game on our terms. Truth be told though polosi is lucky she has a 100k because her portfolio is weak those companies are very volatile if you’re serious about making money on stocks my recommendation to the devs is to have the app focus real estate investing that pays dividends. Your app is good for sure but definitely can improve so anything tech is safe as long as it isn’t a company that gets political and just focuses sales. Anything dividend paying is a wise choice you can find plenty of stocks that pay monthly divs majority of the good ones are non US based companies. Definitely a cool app though you don’t need to auto you can go through an just pick from the list like a shopping list. But yes you can beat them with there own portfolio’s, keep up the good work. PS always do your research before you invest into it I’m not a licensed advisor just throwing some tips for anyone who’s interested.
Unless you investing well over 1k, that 30$ subscription charge kills your returns, might as-well invest in SPY. Thats all fine, I know what I was putting my money into. I wanted to pay for for it once and see how well it does for me. I purchased the subscription and cancelled it at the end of the day so I don’t forget in a month, doing so took away the premium subscription INSTANTLY. It spoke on how I will lose those feature when cancelling but it did not that the affect was immediate. So I payed 30$ for a few hrs of subscription. I feel like this is dishonest and would like my money back, reaching out to customer service was no help.
Edit: the dev contacted me and refunded me the money and will be updating the app. Idk how to delete this review so imma just give it 5 stars.
Developer Response
Hey! So we do this so that for anyone that cancels, it stops the automated trading right then and there. With regards to refunds though, shoot me an email and I can help ya there.
chris@joinautopilot.comUnless you investing well over 1k, that 30$ subscription charge kills your returns, might as-well invest in SPY. Thats all fine, I know what I was putting my money into. I wanted to pay for for it once and see how well it does for me. I purchased the subscription and cancelled it at the end of the day so I don’t forget in a month, doing so took away the premium subscription INSTANTLY. It spoke on how I will lose those feature when cancelling but it did not that the affect was immediate. So I payed 30$ for a few hrs of subscription. I feel like this is dishonest and would like my money back, reaching out to customer service was no help.
This app is a pretty cool idea. It would be great if it would allow us “commoners“ to use it.
Pretty interesting that the first question is do you make $100,000 a year? If you click no, it basically tells you you’re not cool enough to be part of this club.
And if you try to link your trade account and it doesn’t have at least $500 sitting in it doing nothing then it won’t even allow you to use the app.
Far be it from a simple poor common folk like myself to point out the fact that 98% of us that are trying to get into the stock market do not make $100,000 a year!!!!!
We get to watch politicians and billionaires make millions upon millions upon millions of dollars but if we don’t have $500 in our brokerage account We are not allowed to follow their stock trades. If I could follow someone that is 50% above average on the market I could turn $500 into $5000 very quickly, and even though $5000 doesn’t sound like a lot of money millionaires it is a lot of money to a normal person like myself. I gave this a three star review because I can’t use it… Yet! But I will… Eventually
Developer Response
Hey! Chris here, one of the co founders. So to be clear with this, you still can 100% use the app. That question more so was to get a better understanding of the risk appetite for users, but I get where there is confusion. We're putting some changes through that should fix this soon. If you have further questions, shoot me an email: chris@joinautopilot.comThere are a very limited amount of trackers/options for autopilot trades. During my first 3 months it’s had ~3 different sell and buy cycles across the 5 different accounts I mirror in the app. Gains and losses track almost exactly to the S&P 500 during the period. You need to invest ~$100k for the fees to be better value than other ETF; and still some of the autopilot mirrorsw which include ETFs. I’ll give it another quarter to see how things go. But the apps perceived value is automating trades with “insiders” to help beat the market. With most of the weight of portfolios going toward s&p 500 companies you aren’t going to beat the market and you’ll just be gifting money in fees. It would be helpful to manage the weights of options or find companies within their portfolios and increase the weight to non s&p 500 companies based on my risk portfolio
Developer Response
Hey! We appreciate the feedback here. Although as you know there are no guarantees with the market, you are right that the value here is with the Pilots. We will be continuing to work on launching more over the next few months and these pilots we expect to be more real, professional ones.The app functions fine, and the guys running it are probably nice guys who mean well. But the strategy is bad. They use ChatGPT to scan information about the fundamentals and rank some stocks. Then they buy those stocks, with no considerations of the technical aspects of the stock movement. They only go long, and never short. They do not use stop loss orders. After they hold the stock for some days, they sell it and buy something else. If the market is going up, and the stocks are going up, you will make money. If the stocks are going down you will ride them down for days (no stop loss orders in place), and then it will sell and lock in that loss. If they used AI to actively trade based on technicals, it would be awesome. But this use seems like a poorly conceived pipe dream.
Developer Response
Hey! So as you know, we can't guarantee that the markets will go up or down so the GPT portfolio is more so built for those who are looking for a more active strategy. Also as it is solely on GPT, there is no human interference with the portfolio.
We do though have real time, active pilots on their way soon and are hoping to have them ready later this quarter!
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