SYSTEM AND METHOD FOR SELECTING AND PURCHASING STOCKS VIA A GLOBAL COMPUTER NETWORK

Patent №

US 6,484,151

Granted

2002-11-19

Filed 1999

Owner

NETFOLIO, L.L.C.

+1 more

Lab

AI components

1

planning

Assignment

Recorded

Dataset

AIPD

2023_r1 edition

Application

09360003

The invention is in the field of using a computer to select corporate stocks for investment. A user is connected to the Internet. The user connects to the portfolio management program (PMP) host computer through the Internet. The user reviews certain strategies and their historic performance. The information is transmitted across the Internet to the user. The information transmitted includes such information as historic performance, sample holdings, modeling how the particular strategy and its holding has performed in the past. The user, after making appropriate reviews, makes a decision to purchase the names of the stocks in that portfolio. The owner of the PMP host computer collects a payment for this service. Now the user sees a list of stocks provided by the PMP host computer. If the user can then make the decision whether to accept or reject any individual stock in the generated list. For example, if the user rejects the tenth stock in a ten stock strategy, the PMP host computer presents the eleventh stock as a substitute which may in turn also be rejected. Once the user has approved the content of the proposed portfolio, the user enters an amount that the user will invest in accordance with the strategy. If the strategy has 10 stocks, for example, and the user invests $100,000, the user will have $99,970.05 to invest in the 10 stocks or $9,997 per issue. The user can set up automatic email notification of rebalance dates or to have the PMP vote the proxy of the shares.

PlanningG06Q 40/06G06Q 40/03

AI classification

Planning0.67
Evolutionary computation0.15
AI hardware0.07
Natural language0.02
Machine learning0.01
Knowledge representation0.00
Speech0.00
Vision0.00

Ownership

NETFOLIO, L.L.C.

assignment · 102030117

NETFOLIO, INC.

assignment · 116050757

Assignors

O'SHAUGHNESSY, JAMES P.

On an employer assignment, the assignors are typically the inventors.

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