What are PIES?

Whether we are talking about “pie” charts or Simplified Execution Investment Portfolios, the PIES service helps you easily implement your portfolio without being required to deal with details such as quotation steps or translating weights into numbers of shares/symbols.

Practically, all you need to do is decide which stocks you want in your portfolio, how large the “slice of the pie” (aka the weight) allocated to each one should be, and fund your account. The system will indicate the minimum amount of money required for funding, but you can of course invest larger amounts as well. Moreover, if you wish, you can schedule recurring payments from your bank account to your main (USD) account, then use the funds to “grow” your PIE over time, little by little.

If you are not sure what to choose, the selection screen helps you navigate through the available stocks (currently, US stocks only). They are sorted in descending order by the issuing company’s market value (market capitalization), and you can choose to view only stocks from a certain economic sector. In addition, you can select the Top 10 (by market capitalization) from each sector.

After funding, you can execute by pressing a single button. Transactions will be executed after the market opens. Subsequently, as the selected stocks rise or fall and their weights start to differ from those initially chosen by you, you have the option to “rebalance”. That is, to carry out sales and purchases so that overweight positions decrease and underweighted positions increase. Of course, all with a single button, without calculations or complicated or time-consuming operations.

Create your first PIE HERE or directly in the Nova app.