Autopilot is a new investing app that allows retail investors to automatically mirror the trading activities of famous politicians and investment managers. The app has gained popularity for its unique offering, with over 4,000 reviews on the App Store and an average rating of 4.5. Autopilot provides investors with the ability to replicate the success of insiders in the political and financial world.
The app works by connecting to an investor’s existing brokerage account, such as Robinhood or TD Ameritrade, and then directing trades based on the chosen portfolio. Autopilot offers a free plan to trade one portfolio, like the Nancy Pelosi Tracker, or a paid plan, Autopilot Plus, which allows investors to trade multiple portfolios for a fee of $29 a quarter or $100 a year. The app notifies the brokerage to execute trades based on new public disclosures by politicians and investors in the chosen portfolio.
Autopilot was founded by a team of individuals from diverse backgrounds, including e-commerce and the music industry. The team’s goal in creating Autopilot was to democratize wealth management by providing affordable access to high-performing stock portfolios of professional money managers. By enabling investors to trade alongside politicians and top investors, the founders hope to rebuild trust in the financial system.
Autopilot differentiates itself from other investing apps by requiring the connection of an existing brokerage account and automating trades based on chosen portfolios like the Pelosi or Burry Tracker. The app allows investors to set the amount they want to invest in a particular portfolio and executes trades based on public disclosures. With Autopilot, investors can track the trading activities of politicians like Nancy Pelosi and investors like Warren Buffett, Dan Crenshaw, and Michael Burry.
Investors considering Autopilot should be aware of the benefits and risks associated with the app. While Autopilot offers discounted access to successful investors’ portfolios and provides diversification, past returns are not indicative of future performance. Trade execution delays could impact portfolio performance, so investors should exercise caution and not invest money they cannot afford to lose.
In conclusion, Autopilot offers a unique opportunity for retail investors to track and potentially realize the high returns of politicians and top investors. Despite the potential benefits of portfolio diversification and access to investing expertise, investors should be mindful of the inherent risks involved. Autopilot represents an exciting development in the investing app marketplace, delivering a more transparent and democratized financial system for investors.
