diff --git a/.pre-commit-config.yaml b/.pre-commit-config.yaml
index 17ecc877738..9f080de5a1a 100644
--- a/.pre-commit-config.yaml
+++ b/.pre-commit-config.yaml
@@ -19,7 +19,7 @@ repos:
       - id: check-merge-conflict
       - id: detect-private-key
   - repo: https://github.com/psf/black
-    rev: 22.1.0
+    rev: 22.3.0
     hooks:
       - id: black
   - repo: https://github.com/pycqa/flake8
@@ -39,7 +39,7 @@ repos:
             "--skip=./tests,.git,*.css,*.csv,*.html,*.ini,*.ipynb,*.js,*.json,*.lock,*.scss,*.txt,*.yaml,build/pyinstaller/*",
           ]
   - repo: https://github.com/pre-commit/mirrors-mypy
-    rev: "v0.940"
+    rev: "v0.942"
     hooks:
       - id: mypy
         args: ["--ignore-missing-imports", '--exclude=/setup\.py$']
@@ -63,7 +63,7 @@ repos:
         args: [ '--baseline', '.secrets.baseline', '--exclude-files', 'cassettes/*' ]
         exclude: package.lock.json
   - repo: https://github.com/asottile/pyupgrade
-    rev: v2.31.0
+    rev: v2.31.1
     hooks:
       - id: pyupgrade
         args: [--py36-plus]
diff --git a/openbb_terminal/portfolio/portfolio_controller.py b/openbb_terminal/portfolio/portfolio_controller.py
index 7a52ae5b807..bd70d925b07 100644
--- a/openbb_terminal/portfolio/portfolio_controller.py
+++ b/openbb_terminal/portfolio/portfolio_controller.py
@@ -311,9 +311,10 @@ Loaded:[/info] {self.portfolio_name or None}
                 pd.DataFrame.from_dict(inputs, orient="index").T
             )
             console.print(
-                f"Portfolio successfully initiialized with {inputs['Name']}.\n"
+                f"Portfolio successfully initialized with {inputs['Name']}.\n"
             )
             return
+        inputs["Value"] = float(inputs["Price"] * inputs["Quantity"])  # type: ignore
         self.portfolio.add_trade(inputs)
 
         console.print(f"{inputs['Name']} successfully added\n")