# Volaren

> Volaren is your personal investing agent for every account you own. It explains every move, suggests what to do next, and trades your decisions for you across all your brokers, inside the limits you set.

Knows why your portfolio moved, suggests your next idea and trades it for you. 24/7 on the web, in the app, or by text.

## What Volaren does

- **AI agents** research, explain and trade inside the limits you set. Each one has its own budget, maximum order size, rules and record, all visible. For each agent you choose: tell me only, ask me first, or trade automatically inside your limits.
- **Every broker you use.** Connect Fidelity, Schwab, Vanguard and every other account, and Volaren sees and explains every holding across all of them. It places orders at Robinhood, Webull, Public, E*TRADE, tastytrade, moomoo, TradeStation, Alpaca and more, crypto orders at Coinbase, Kraken and Binance, and currency trades at OANDA.
- **Copilot** answers anything about a market or your own portfolio with live data (filings, insider trades, fund holdings, news, rates and prices), runs backtests, places trades and turns any idea into an AI agent.
- **Idea to trade** turns an idea in your own words into a reasoned book across stocks, ETFs, options, bonds, FX, commodities, crypto and prediction markets (on practice money), with the reason and evidence for every line. One press makes it an AI agent.
- **Copy trade** follows the disclosed trades of members of Congress and the holdings of well-known funds and investors, sized to your account.
- **Tax-loss harvesting** across every taxable account, with wash-sale checks across all of them.
- **Briefing:** what happened since you last looked, why it matters and what you could do next.
- **Texting:** text Volaren a question or a trade. The exact order is echoed back and placed on your explicit yes, and you can approve your AI agents' trades by text.
- On the web, on your phone and by text, with one account.

## Pricing

- Free: 100 credits a month, no card needed. Placing orders comes with every plan.
- Volaren: $12 a month or $120 a year, 1,000 credits a month, everything unlocked.
- Extra credits: $10 a month for 1,000 more credits a month.
- One credit is one cent of AI work. Prices, news, your portfolio and trading never use credits.

## Main pages

- [Home](https://www.volaren.ai/): Volaren, your personal investing agent
- [Product](https://www.volaren.ai/product): Briefing, Portfolio, Explore, Copy trade and AI agents
- [Pricing](https://www.volaren.ai/pricing): Free and the one Volaren plan
- [Guides](https://www.volaren.ai/docs): how Volaren works, and an investing curriculum
- [Who we are](https://www.volaren.ai/who-we-are): the team
- [Our story](https://www.volaren.ai/our-story): why we built Volaren
- [Contact](https://www.volaren.ai/contact): talk to the team

## Learn

- [AI investing agents](https://www.volaren.ai/ai-investing-agent): Volaren's AI investing agents research, decide with a written reason and trade at your own broker across every account you own, inside limits you set.
- [Trade by text](https://www.volaren.ai/trade-by-text): Text Volaren a question or a trade. It texts back the answer, or the exact order, and places it at your own broker when you reply yes.
- [Tax-loss harvesting](https://www.volaren.ai/tax-loss-harvesting): Harvest losses at Robinhood, Schwab, Fidelity and every account you own, with wash sales checked across all of them and a replacement to stay invested.
- [Copy Nancy Pelosi and politicians](https://www.volaren.ai/copy-trading/pelosi-and-politicians): Copy Nancy Pelosi and members of Congress: every disclosed stock trade becomes a portfolio an AI agent copies into your own account, inside limits you set.
- [Copy Warren Buffett and hedge funds](https://www.volaren.ai/copy-trading/buffett-and-hedge-funds): Copy Warren Buffett, Bridgewater and 60 more investors from their SEC 13F filings, with an AI agent that mirrors each new filing in your own account.
- [Brokers](https://www.volaren.ai/brokers): Connect every brokerage account you use and one Volaren AI agent sees every holding, explains every move and suggests what to do next.
- [AI agent for Robinhood](https://www.volaren.ai/brokers/robinhood): Connect Robinhood and your Volaren AI agent researches, explains each move and trades in your Robinhood account once you say yes, inside your limits.
- [AI agent for Webull](https://www.volaren.ai/brokers/webull): Connect Webull and your Volaren AI agent researches, explains each move and trades in your Webull account once you say yes, inside your limits.
- [AI agent for Public](https://www.volaren.ai/brokers/public): Connect Public and your Volaren AI agent researches, explains each move and trades in your Public account once you say yes, inside your limits.
- [AI agent for E*TRADE](https://www.volaren.ai/brokers/etrade): Connect E*TRADE and your Volaren AI agent researches, explains each move and trades in your E*TRADE account once you say yes, inside your limits.
- [AI agent for tastytrade](https://www.volaren.ai/brokers/tastytrade): Connect tastytrade and your Volaren AI agent researches, explains each move and trades in your tastytrade account once you say yes, inside your limits.
- [AI agent for moomoo](https://www.volaren.ai/brokers/moomoo): Connect moomoo and your Volaren AI agent researches, explains each move and trades in your moomoo account once you say yes, inside your limits.
- [AI agent for TradeStation](https://www.volaren.ai/brokers/tradestation): Connect TradeStation and your Volaren AI agent researches, explains each move and trades in your TradeStation account once you say yes, inside your limits.
- [AI agent for Alpaca](https://www.volaren.ai/brokers/alpaca): Connect Alpaca and your Volaren AI agent researches, explains each move and trades in your Alpaca account once you say yes, inside your limits.
- [AI agent for eToro](https://www.volaren.ai/brokers/etoro): Connect eToro and your Volaren AI agent researches, explains each move and trades in your eToro account once you say yes, inside your limits.
- [AI agent for OANDA](https://www.volaren.ai/brokers/oanda): Connect OANDA and your Volaren AI agent researches, explains each move and trades in your OANDA account once you say yes, inside your limits.
- [AI agent for Fidelity](https://www.volaren.ai/brokers/fidelity): Connect Fidelity and your Volaren AI agent sees every holding, explains every move and brings research, tax-aware ideas and alerts.
- [AI agent for Charles Schwab](https://www.volaren.ai/brokers/schwab): Connect Charles Schwab and your Volaren AI agent sees every holding, explains every move and brings research, tax-aware ideas and alerts.
- [AI agent for Vanguard](https://www.volaren.ai/brokers/vanguard): Connect Vanguard and your Volaren AI agent sees every holding, explains every move and brings research, tax-aware ideas and alerts.
- [AI agent for Interactive Brokers](https://www.volaren.ai/brokers/interactive-brokers): Connect Interactive Brokers and your Volaren AI agent sees every holding, explains every move and brings research, tax-aware ideas and alerts.
- [AI agent for Coinbase](https://www.volaren.ai/brokers/coinbase): Connect Coinbase and your Volaren AI agent researches, explains each move and trades in your Coinbase account once you say yes, inside your limits.
- [Questions about AI and your portfolio](https://www.volaren.ai/faq): Straight answers: can AI manage your portfolio, what is a personal investing agent, does copying Congress trades work, can it trade for you?

## Using Volaren

- [Getting started](https://www.volaren.ai/docs/getting-started): Connect your brokerage and bank accounts so Volaren sees every holding, explains every move and trades where you say yes.
- [Copilot](https://www.volaren.ai/docs/copilot): Ask anything about a market or your portfolio, run a backtest, or place a trade, all from one box.
- [Idea to trade](https://www.volaren.ai/docs/idea-to-trade): Any idea becomes a reasoned book across asset classes, with the reason for every line, then becomes an AI agent in one tap.
- [AI agents](https://www.volaren.ai/docs/ai-agents): What an AI agent is, the rules and limits you set, approving each trade or letting it trade inside your limits, testing it first, and its AI cost budget.
- [Copy trade](https://www.volaren.ai/docs/copy-trade): Follow people, funds and strategies, see their record, and copy them in your own account inside your limits.
- [Portfolio and tax](https://www.volaren.ai/docs/portfolio-and-tax): Every holding across every account in one place, the Tax view, and tax-loss harvesting with wash sales checked across accounts.
- [Trade by text](https://www.volaren.ai/docs/trade-by-text): Opt in, then text Volaren a trade: it echoes the exact order and places it on your yes. Ask and approve your AI agents by text too.
- [Safety and limits](https://www.volaren.ai/docs/safety-and-limits): The default limits on every AI agent, the 20% loss stop, the AI cost cap, practice and real money, and how you approve.

## Optional

- [Reading the three financial statements](https://www.volaren.ai/docs/financial-statements): What the income statement, balance sheet, and cash flow statement each answer, how they tie together, and the ratios analysts read first.
- [Reading SEC filings](https://www.volaren.ai/docs/sec-filings): Which filing answers which question, the four sections of a 10-K that carry the value, and the reading order professionals use.
- [The time value of money](https://www.volaren.ai/docs/time-value-of-money): Compounding, discounting, annuities and perpetuities: the arithmetic every valuation method stands on, built from zero.
- [Qualitative analysis](https://www.volaren.ai/docs/qualitative-analysis): Judging the business before touching a model: moats and the five forces, unit economics, management incentives, and what makes growth durable.
- [DCF modeling](https://www.volaren.ai/docs/dcf-modeling): Discounted cash flow from first principles: projecting free cash flow, choosing a discount rate, handling terminal value, and the errors that sink most models.
- [Alternative valuation methods](https://www.volaren.ai/docs/other-intrinsic-methods): When a standard DCF is the wrong tool: dividend discount, residual income, FFO and NAV for REITs, banks and insurers, resource NAVs, and sum-of-the-parts.
- [Comparable companies analysis](https://www.volaren.ai/docs/comparable-companies): The market cross-check: choosing real peers, matching multiples to numerators, spreading properly, and reading a premium instead of averaging it away.
- [Precedent transactions](https://www.volaren.ai/docs/precedent-transactions): What acquirers actually paid for whole companies: control premiums, synergies, sourcing deal terms from filings, and not importing old markets.
- [Analyzing a stock, end to end](https://www.volaren.ai/docs/analyzing-a-stock): Assembling qualitative work, DCF, comps and precedents into one defensible view: the football field, method weighting, and the asymmetry test.
- [Fixed income and credit](https://www.volaren.ai/docs/fixed-income-credit): Price and yield, duration and convexity, the yield curve, credit spreads, and how a credit analyst underwrites a borrower.
- [Commodities](https://www.volaren.ai/docs/commodities): Futures curves as the central object: contango and backwardation, roll yield, storage theory, balances, cost curves, and positioning.
- [Crypto analysis](https://www.volaren.ai/docs/crypto-analysis): The taxonomy fork first, then on-chain cost basis, funding and open interest, protocol fundamentals, and what honestly cannot be valued.
- [Currency pair fundamental analysis](https://www.volaren.ai/docs/fx-analysis): Rate differentials and carry, purchasing power parity as the slow anchor, balance of payments, and the dollar's special role.
- [ETFs and funds](https://www.volaren.ai/docs/etfs-and-funds): How the wrapper actually works: creation and redemption, the professional due-diligence checklist, and flows as a market force.
- [Options and derivatives](https://www.volaren.ai/docs/options-derivatives): Calls, puts, and the Greeks as risk dials; implied volatility and its premium; the honest uses: hedging, income, defined-risk expression.
- [Risk and return](https://www.volaren.ai/docs/risk-and-return): Measuring performance honestly: CAGR vs averages, volatility and its blind spots, Sharpe and Sortino, drawdowns, and the tails.
- [Factor investing](https://www.volaren.ai/docs/factor-investing): The anatomy of returns: value, momentum, quality and the rest, why each might pay, and the regression that X-rays any track record.
- [Portfolio optimization](https://www.volaren.ai/docs/portfolio-optimization): The efficient frontier and every standard way to build on it: mean-variance and its failure mode, Black-Litterman, risk parity, vol targeting, and when simple beats optimal.
- [Backtesting pitfalls](https://www.volaren.ai/docs/backtesting): Why most backtests lie: overfitting, survivorship, look-ahead, costs, regimes, and the out-of-sample disciplines that survive contact.
- [Macro for investors](https://www.volaren.ai/docs/macro-for-investors): Rates as gravity, real yields and breakevens, the cycle's quadrants, central bank reaction functions, and why surprises move markets, not news.
- [Building an investment thesis](https://www.volaren.ai/docs/building-a-thesis): Variant perception, the five-line thesis skeleton, catalysts as the clock, the pre-mortem, and choosing your falsifier in the calm.
- [From thesis to trade](https://www.volaren.ai/docs/thesis-to-trade): Matching the instrument to the exact claim, scaling in, the three exits decided in advance, and the eight-line trade plan.
- [Risk management](https://www.volaren.ai/docs/risk-management): The arithmetic of ruin, sizing in risk units, Kelly as a ceiling, the efficient frontier as a risk tool, and drawdown rules that bind the future self.
- [Portfolio construction](https://www.volaren.ai/docs/portfolio-construction): Objectives first, the core-view-hedge layers, what each asset class contributes by regime, the hedging ladder, and rebalancing.
- [Behavioral finance](https://www.volaren.ai/docs/behavioral-finance): The five biases that actually cost money, why knowing them barely helps, and the process designs that route around your worst moments.
- [Hypergrowth valuation](https://www.volaren.ai/docs/case-hypergrowth-nvidia): Why every model kept breaking, the reverse DCFs at $1T and $3T, the demand ledger, the bear cases and their fates, and the lessons for any hypergrowth company.
- [Micron: the cyclical](https://www.volaren.ai/docs/case-cyclical-micron): The memory cycle's anatomy, the inverted P/E rule demonstrated, mid-cycle valuation, supply-side intelligence, and 'this time is different' priced properly.
- [Coca-Cola: the steady state](https://www.volaren.ai/docs/case-stable-coca-cola): 1988 versus 1998: the same franchise, correctly then ruinously priced. The itemized-return method for mature compounders.
- [General Electric: the conglomerate](https://www.volaren.ai/docs/case-conglomerate-ge): The rise, the fall, and the breakup that vindicated the SOTP lens: earnings smoothing, the GE Capital trap, and discounts that need catalysts.
- [The S&P 500 itself](https://www.volaren.ai/docs/case-sp500): What the index actually is, the honest record with the drawdowns kept in, why it compounds, today's concentration, and how to own it.
- [Gold: the monetary metal](https://www.volaren.ai/docs/case-gold): The events from 1971 to the central-bank era, the real-rates machine, why gold breaks commodity analysis, and how to own it.
- [Bitcoin historical cycles](https://www.volaren.ai/docs/case-bitcoin): What to analyze, the complete event timeline from Mt. Gox to the ETFs, the four-year rhythm, the on-chain toolkit applied, and the risk ledger.
- [Carry trade and its unwind](https://www.volaren.ai/docs/case-currency-yen): Plaza to 2024: the world's funding currency as the cleanest lesson in rate differentials, carry, negative skew, and intervention.
- [The US 10-year Treasury](https://www.volaren.ai/docs/case-treasury-bond): The world's most important number: the 40-year bull and its 2022 end, duration made real, and how the 'risk-free' asset lost a third of its value.
- [The AI investment thesis](https://www.volaren.ai/docs/thesis-ai): The era's defining debate, framed fairly: the value-chain stack, the bull and bear at full strength, the monetization crux, and what to watch.
- [Power and hyperscalers](https://www.volaren.ai/docs/thesis-power-hyperscalers): The second-order AI trade: why electricity became the bottleneck, who benefits by link, and whether it escapes the first-order risk.
- [The macro regime thesis](https://www.volaren.ai/docs/thesis-macro-regime): Is the low-rate era over? The forces in tension and the scenarios professionals build portfolios against.
- [The commodities supercycle](https://www.volaren.ai/docs/thesis-commodities-supercycle): Under-investment versus demand: the structural bull case, the self-curing bear, and why it differs sharply by commodity.
- [The banks thesis](https://www.volaren.ai/docs/thesis-banks): Rates, the credit cycle, and the eternal 'cheap for a reason?' question, with the bull and bear framed.
- [Healthcare sub-sectors breakdown](https://www.volaren.ai/docs/thesis-healthcare): Four sub-sectors in one word, the demographic tailwind, the GLP-1 cross-sector shock, and patent-cliff risk.
- [The industrials thesis](https://www.volaren.ai/docs/thesis-industrials-reshoring): Reshoring, industrial policy, and automation re-rated the old economy: the drivers, why quality wins, and the cyclical caveat.
- [Glossary](https://www.volaren.ai/docs/glossary): Every term the school uses, defined once. Docs link here instead of re-defining jargon mid-page.