Find out how much profit you would have made if you invested 1000 in ChatGPTs spring portfolio

In February 2024, Finbold sought insights from OpenAI’s AI tool, ChatGPT, to create an optimal stock portfolio for the spring season. Now that summer has arrived, it’s time to evaluate the portfolio’s performance, which has coincided with a bullish market and significant gains in major indices.

ChatGPT curated a diverse portfolio that included stocks from various sectors. The selected stocks were Microsoft, a technology giant (NASDAQ: MSFT), Scotts Miracle-Gro, a lawn and garden entity (NYSE: SMG), Alphabet (NASDAQ: GOOGL), PayPal (NASDAQ: PYPL), and The Home Depot (NYSE: HD). By June 22, 2024, these stocks had exhibited noteworthy performance.

Let’s review the individual stock performances. Microsoft, trading at $414.11 on February 8, saw its price increase to $449.78 by June 22, resulting in an 8.63% gain. Scotts Miracle-Gro, which started at $57.66 in February, rose to $67.04, marking a 16.28% gain. Alphabet’s stock price experienced significant growth from $147.22 to $180.26, representing a 22.44% gain. PayPal’s stock price went from $56.13 to $60.61, achieving a 7.98% gain. The only stock that declined in value was The Home Depot, dropping from $363.72 to $355.80, resulting in a 2.18% loss.

Now, let’s analyze the returns from a $1,000 investment in the portfolio. Assuming an even distribution of $200 across each of the five stocks, Microsoft’s $200 grew to $217.26, Scotts Miracle-Gro’s $200 increased to $232.56, Alphabet’s $200 surged to $244.88, PayPal’s $200 rose to $215.96, and The Home Depot’s $200 decreased to $195.64. Adding up these values, the total portfolio was worth $1,106.30. This represents a profit of $106.30, or a 10.63% return on investment in just over four months.

Alternatively, if $1,000 was invested in each individual stock, Microsoft’s value would have grown to $1,086.30 (an 8.63% increase), Scotts Miracle-Gro would have reached $1,162.80 (a 16.28% increase), Alphabet would have amounted to $1,224.40 (a 22.44% increase), PayPal would have been worth $1,079.80 (a 7.98% increase), and The Home Depot would have resulted in $978.20 (despite the decline). Consequently, the total portfolio value would have been $5,531.50, resulting in a profit of $531.50 from an initial investment of $5,000.

Overall, most stocks in the portfolio experienced a rally, aligning with the bullish momentum in the stock market. For example, companies like Microsoft benefited from the ongoing interest in AI. However, The Home Depot’s stock was negatively impacted by its financials, with lower sales and profits reported, and its near-term outlook remaining uncertain.

Disclaimer: The content on this site should not be taken as investment advice. Investing carries risks, and your capital is at stake.