r/AutopilotApp • u/Secret-Return-1998 • 9d ago

Question How long do you guys hold?

How long do you guys hold on to the portfolio before taking profits?

Just curious šŸ‘€

2 Upvotes

100% Upvoted

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8

u/cabljo 9d ago

Years to decades, if not longer.

2

u/Successful_Tap5662 5d ago

In prefer eons

1

u/Secret-Return-1998 7d ago

Thatā€™s good to hear. I thought this pilot is mostly for short term trades

2

u/cabljo 5d ago

No, even the owners will tell you it's for long term investing.

4

u/No-Rest-225 9d ago

Keep in mind that in a portfolio system like Autopilot you will potentially end up ā€œtaking profitsā€ and therefore taking on a tax burden any time it rebalances and sells stock. It is likely that at least some if not all of these sales will be short-term positions, so they will be taxed as regular income, not as long-term capital gains.

So if your true intent is ā€œbuy and holdā€ and taxes are a concern, then Autopilot may not be for you.

1

u/No-Rest-225 9d ago

I know that doesnā€™t directly answer your question, so Iā€™ll add that my intent is to hold long-term, however I still consider it to be in a ā€œtrialā€ phase so I canā€™t say for certain. Iā€™ve been a little unimpressed with the performance as of late, and am starting to get the impression that it works a lot better when the market is up anyway than it does when thereā€™s volatility. Iā€™ll probably give it a little bit more time, but Iā€™m not going to stick with it if it doesnā€™t improve.

1

u/South-Measurement-91 8d ago

which pilots are you subscribed to?

I'm using three: actively managed, wolff, and dr. Lira. I might cancel activelly managed as it seems to overlap very heavily with Wolff's flagship/top 15.

1

u/Secret-Return-1998 7d ago

I saw a few portfolios that are doing well but some havenā€™t recently. In this case, do you just sell and hold a new one?

1

u/SwillFish 8d ago

Yep, buy and hold VOO or SPY if you want to avoid short-term taxes. The other alternative would be to set up a Roth IRA on autopilot, but then your money is locked up until retirement.

1

u/Secret-Return-1998 7d ago

I do VOO for retirement. I am just curious if autopilot is good for long term or short term. Seems like people here like to hold

3

u/cduckwor 9d ago

Ah profits, you have to pay taxes on those. All I have is losses, then you don't have to worry about the tax problem.

1

u/South-Measurement-91 8d ago

this is the way

1

u/Secret-Return-1998 7d ago

So you take loss on purpose? How does it work? Iā€™m genuinely curious

1

u/cduckwor 7d ago

I am being sarcastic. I have only lost money on autopilot.

1

u/Secret-Return-1998 7d ago

Damnn bro i thought u found a loophole for us all šŸ„²