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    • 7. 发明授权
    • Automated strategies for investment management
    • 投资管理自动化策略
    • US06317726B1
    • 2001-11-13
    • US09361654
    • 1999-07-27
    • James P. O'Shaughnessy
    • James P. O'Shaughnessy
    • G06F1760
    • G06Q40/06G06Q40/00G06Q40/025G06Q40/04
    • The invention is in the field of using a computer to select corporate stocks for investment. Fifty stocks are selected from a database on the basis of certain criteria. The stocks are acquired in equal proportions, and the portfolio is rebalanced at the end of an annual term. Strategy I: market capitalization greater than $172 million (inflation adjusted figure for $150 million in 1994 dollars.); price-to-sales ratio less than 1.5; earnings higher than in previous year; market capitalization greater than market capitalization three months ago; market capitalization greater than market capitalization six months ago; buy stocks with highest one-year stock price appreciation. Strategy II: market capitalization greater than database mean; common shares outstanding greater than database mean; cashflow greater than the database mean. (creating SET A); price-to-sales ratio less than average for SET A; sales greater than 1.5 times the average for the database; no utility companies; buy the 25 or 50 stocks with the best one year stock price appreciation.
    • 本发明是在使用计算机来选择公司股票进行投资的领域。 根据某些标准从数据库中选出50个库存。 股票以相等的比例收购,投资组合在年度末期重新平衡。 策略一:市值超过1.72亿美元(通货膨胀调整数为1994美元1.5亿美元)。 售价低于1.5; 收益高于上年; 三个月前市值大于市值; 六个月前市值大于市值; 买入一年股票涨幅最高的股票。 策略二:市值大于数据库平均值; 普通股突破大于数据库平均水平; 现金流大于数据库意味着。 (创建SET A); 价格销售比低于SET A的平均水平; 销量大于数据库平均的1.5倍; 没有公用事业公司 购买25或50股最好的一年股票价格升值。
    • 9. 发明授权
    • System and method for selecting and purchasing stocks via a global computer network
    • US07177831B1
    • 2007-02-13
    • US09624330
    • 2000-07-24
    • James P. O'ShaughnessyGregory L. CowinStephen M. DowneyGregory L. McIntireKevin P. Tyson
    • James P. O'ShaughnessyGregory L. CowinStephen M. DowneyGregory L. McIntireKevin P. Tyson
    • G06Q40/00
    • G06Q40/06G06Q20/102G06Q40/04G06Q40/10G06Q40/12
    • The invention is in the field of using a computer to provide automated investment allocation advice, selection of investment securities, customization of the automated advice, execution of investment securities, maintenance/monitoring of investment portfolios and rebalancing of investment portfolios. A user is connected to the Internet. The user connects to the portfolio management program (PMP) host computer through the Internet. The user completes a questionnaire that the PMP uses to generate a suitable investment allocation and specific portfolio strategy recommendation. The user reviews the strategy and specific information about the strategy. The information is transmitted across the Internet to the user. The information transmitted includes historic and/or hypothetical performance, historical and/or hypothetical holdings, current securities selections of the strategy, and a description of the strategy's selection methodology. The user, after making appropriate reviews, makes a decision to purchase the instruments in that portfolio. Now the user sees a list of instruments provided by the PMP host computer. The list of stocks is ordered by the degree to which they satisfy the requirements of the strategy. The user can then make the decision whether to accept, reject, or replace any individual security in the generated list or add an individual security. For example, the user can reject a security in the strategy and ask the PMP host computer to replace it with the next security that best fits. 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. The PMP will allocate the investment amount across all the securities in the strategy. The user may authorize the PMP to purchase these selections through their qualified broker. The user may monitor the performance of these instruments subsequent to purchase through the PMP. The user may receive news, alerts, and/or research related materials for these instruments through the PMP. The user may authorize the PMP to rebalance their investments periodically to an updated list of instruments matching the selected strategy. The user may select a rebalance method that optimizes the tax consequences or the strategy adherence. The user has the ability to accept, reject, or replace any individual security in the generated list or add an individual security as part of the rebalance. The user can set up automatic email notification of rebalance dates or to have the PMP vote the proxy of the shares. The owner of the PMP host computer collects a payment for this service.