JP2003531444A - Internet-based system for investment portfolio management recognition, measurement and ranking, and operation of fund supermarkets, including best investor managed funds - Google Patents

Abstract

(57) [Summary] Internet-based business systems and their management programs. In particular, financial investment management, characterized by a unique system that attracts and identifies the best investors, providing, promoting and managing performance-based investment competition on a model (virtual) investment portfolio (28) basis. Including, creating an actual portfolio for the identified best investor, activating an actual mutual fund for the identified best investor as a fund manager, and further fund supermarket there (48) To provide a full set of related subscriber and investor services. The present invention involves facilitating daily feedback of one or more important and appropriate financial performance standards, preferably NAV (iTAV), of the identified stocks and funds (36).

Description

Detailed Description of the Invention

TECHNICAL FIELD The present invention relates to Internet-based business systems and management programs therefor, and more particularly to financial investment management characterized by a unique system for attracting and identifying the best investors, model investment. Based on portfolio,
Create an actual portfolio for the identified Best Investors, including, but not limited to, providing and managing performance-based investment competition, to the identified Best Investors as a fund manager. On the basis of that, it provides a full set of relevant subscriber and investor services, which creates and operates the actual mutual fund, which is then combined as a fund supermarket.

BACKGROUND OF THE INVENTION In the United States, there are nearly 8,000 professionally managed mutual funds, the number of which is increasing year by year. 80% of them are S & P 50 each year
It does not exceed the zero index, and only its statistics are index funds: S & P 500, NASDAQ 100, Russel 2000, AME.
It gave rise to all classes of funds that track various net fund indices, such as X, DJIA, NYSE, etc. Most financial news media talk about such professional managers who have crossed the market for some time. However, the manager circles that pull out these successful managers (often referred to as "superstars") have ruled out many investors who manage their own investments.
Therefore, the identification of star performers is currently drawn from the expert, a small subset of the entire investor world.

The most basic question that any investor has is “what is my way?”. For typical non-professional investors, this is difficult to answer because their investment patterns are irregular. It is speculated that the typical method of determining the current return on investment is either a single investment with regular payments, or the same investment schedule for a period of time. Any non-constant flow of investment and payments can lead to misunderstandings of performance results.

In the case of a professionally managed mutual fund that handles cash inflows and outflows under irregular and generally unpredictable criteria, the net asset methodology (Net Asset Methodology (NAV)) } Takes these variables into account. Investment performance, which is generally a calculation of fund investment repayments based on NAV per share, has generally become accepted within the professional money management community and is widely considered to be the most accurate way to judge investment performance. But,
Currently, there is no way for individual investors to apply this method to their portfolio.

Driven by demographics and, in particular, information access via the Internet,
Changes in social standards are fundamentally changing the way individuals manage their personal financial funds. Consumers are increasingly directly controlling their personal financial operations for the following reasons: 1) technological advances facilitate it,
2) It is simpler and cheaper than relying on financial intermediaries, and 3
) If the performance of a professionally managed fund is inadequate or unstable, the investor may
Not only for financial remuneration purposes, but also for intellectual and financial challenges, and the satisfaction associated with their management activities, I try to manage my own funds.

Investors want the flexibility to invest at a time and place that is convenient for them. With the widespread availability of financial information online, the gap between the resources available to individual and institutional investors will inevitably decrease dramatically. Individual investors will become more experienced and more sophisticated about their investments with more frequent access to stock quotes, company financial information, investment advice, and other investment information on the web or through other services. The knowledge is getting deeper. Investors are gaining greater access to these sources while making their financial decisions
It demands even greater control, and is looking for other ways to invest better.

At present, there is no method for investors: 1) show the whole picture of investment; 2) judge their success objectively and individually; 3) Compare your performance with other investors; 4) Obtain sophisticated, accurate and highly relevant metrics that measure your performance and investment management skill improvements; 5) Analysis, commentary and investment Access the field of high-performing investors for the exchange of ideas; and 6) Enter the field of professional fund management based on building track records of performance. This gap in the overall investment picture is
One is a way for interested investors to reinforce themselves by gathering the opinions of more people to make better decisions about their investments. The key difference compared to investment clubs, due to lack of media and media, is that their insights can be judged against an objective metric.

To the Applicant's knowledge, there is no prior art internet-based system that allows for identification of the best investors in a large investor industry. In the feedback service industry, Clear Station
) And I exchange provide only a small amount of feedback, not the entire portfolio. Various online tracking sites only offer price changes and total profits. Individual investment programs like Intuit's Quicken, which are in stock and can be bought at any time, are not intuitive, expensive, and often non-web-based and can even match actual transactions. Absent. Professional financial advisers, of course, offer investment advice and a lot of trading execution, but eight out of ten managers cannot cross the Passive Index.

There are various online bulletin boards in the investment advice industry, but none of them rank advisors, and even if the advisor is known, the actual performance is not disclosed. Rumors and speculations are not distinguished from performance-based assessments. One example is investment fraud involving anonymous information providers on financial websites (Raging Bull). The informant praised the Florida-based website, E-pawn.com. that is,
Eventually it turned out to be part of the "pump-and-dump" program, which became part of the federal indictment by a US law firm in New York. In the summer of 120, 120 people were charged with criminal charges for Security Flood and related crimes. E-pawn
n) is one of 35 companies whose stocks have been manipulated and has almost 50
He was spending a million dollars.

As long as there are individual investors there, the use of community-based investment methods has become widespread.

From the time before the computer existed to the present day, investment club individuals have pooled their ideas in hopes of increasing their profits. Many of these clubs were started informally, through schools or churches. Currently, AAAI (American Association of Individual Investors Association: American Association of indiv
Dual investors and other private organizations have formal networks of investment clubs throughout the country. These associations provide educational and organizational services to their members. With the advent of browsers, even before the mid-1990s, the investment community moved easily onto the Web. An instant bulletin board was set up and spread rapidly, allowing individuals around the world to share their investment ideas with investors everywhere.

[0012] Some organizations are trying to pick out the "best" idea from the bulletin boards, but with existing existing methodologies, that is very difficult. Everyone has an opinion, but many so-called experts use pseudonyms to make comments. It is very difficult, if not impossible, to know who is talking and what is their motive. For example, is the opponent trying to suck up the stock, and if so, is it part of a stock fraud? Isn't the child a 14-year-old child who has never invested in a sentence? Or is the partner a long-term investor with a poor track record? They are skilled investors with a proven track record, or they are honest and sincere, or they have the shares they are soliciting, and where their motives are (eg, There are no requirements for getting out of a bad state or promoting a stock for early disposal). Examples of bulletin boards include: Yahoo, Motley Fool (M)
ottley Fool) and Silicon Investor (Silicon)
Investor). And, so far, attempts to gauge the ability of bulletin board participants have been limited and largely unsuccessful.

[0013] A performance-measuring site focuses on whether a particular individual recommends a stock that then becomes better. This attempt to measure stock selection gives no indication of buy / sell timing, fund allocation, or profitability of the entire portfolio. Examples of stock selection sites include Iexchange.

A few mutual funds that started stock selection based on that of their community began around the end of last year. In these community-based funds, the “ubermanager” checks the stock selections of many community members and, based on unpublished criteria, decides which is legitimate. Then work to benefit the fund. These funds are called "community" funds. One important issue with this type of fund is its poor track record (eg, StockJungle and Mutual Mind).
Aside from the Funds on the Mutual Minds site)
It means that the fund is managed by the committee. Moreover, they are dominated by large-scale opinion manipulation and momentum-driven transactions, which are later seen by investors who, in combination with the ideas and decisions of others in the community, criticize their own investment methods. It could be characterized as such an "investment climate that is easily influenced by advertising." Community-based investment decisions tend to result in voting for stocks taken into the fund.

Regarding the reliability, the clear station (Clearstation) and the eye exchange (Iexchange) are not the whole achievements, but only a part of them.
Provide a ranking. Regarding performance, various mutual funds and advisors can at best push service level enhancements and, for accountability purposes, make it clear that they cannot guarantee performance.

Thus, especially in volatile markets, financial services markets that provide important and relevant daily feedback, both quality and quantity, to answer their key questions to investors. So there is a strong, ongoing, unsatisfied demand: "What is my way?" And, "What can I do better?" There is also a need for ranked advice, which allows investors to know their track record for measuring the credibility of a particular advisor on an ongoing, daily basis. There is a need to broaden the pool of proven advisory investors, and the systems that establish their credibility. Finally, there is a need for a system that can establish funds continuously and interactively identifiable and around the best performing investors in any sector.

DISCLOSURE OF THE INVENTION (Overview, Objectives and Advantages) The present invention relates to internet-based business systems and their management programs, and in particular to members (observers, subscribers, and “best investor” competition participants). To a full set of financial investment management, portfolio management, educational and analytical tools and metrics via internet sites.
The Internet-based investment service structure according to the present invention's business method uniquely attracts and identifies the best investors (herein “BI's”).
Characterized by polyphase systems, including but not limited to the following: Phase I provides and manages performance-based investment rankings and / or competition for model investment portfolios (virtual portfolios) and identifies "best investors"; II. In the second phase, the manipulation of the actual portfolio, including new ones created by the member's own identification by the member; and III. The third phase is to create and operate an actual mutual fund based on the identified best investors as a fund manager. With that,
A full set of related subscriber and investor services are promoted, third and / or
Or provided in all phases, including the fund supermarket in the second phase.

In this specification, this site is a host / provider “site management entity”.
M-Sit, an abbreviation for “Market Classy”
It is written as e. The actual portfolio and BI fund management is
Handled by M-Site subsidiary, a registered broker-dealer. The investment service host site, M-Site, of the present invention is connected by landline, satellite or wireless, such as laptops, desktop computers, PDAs, handheld computers, telephones and pagers, network computers, etc. Using various computer devices used by investors, the investment service is provided to investors who access via the Internet. M-Site
Facilitates the creation and management of model and / or real portfolios, including performing real and simulated (virtual) trades, allowing investor members to learn about their investments and To be able to manage,
Provides general and personalized data and analysis tools. M-Site structure is a message tailored to individual investor members based on notification of desired messages selected by individual investor members to, from, and in site members and investors. Includes message generation, including generation and transmission of messages. The system of the present invention relates to the preferences of individual investor members and selectively sends messages to, from and within members based on their desire to notify selected messages. The present invention also categorizes and generates messages based on the performance of investor members, either alone or in combination with selected preferences.

The Internet-based financial services market business method of the present invention,
The objectives and advantages of computerized systems include: One or more important and relevant financial performance metrics, including NAV of identified stocks and funds on a regular, preferably daily basis. Or, the ease of indicator feedback makes it easier for investors to ask their main questions, especially for volatile markets: "What's my way?" And "How do I do better?" Is it okay? " As used herein, the term NAV can represent the actual market fund, or the fund value of the investor's model portfolio. However,
It also refers to the individual account value of the investor, ie, the “iTAV” (““
By referring to the fund value of the investor fund created under the system of the present invention as the “total investor account value”), the fund value of the actual fund and that of the investor (actual or model) ) Is also convenient. Thus, NAV means herein the actual or model portfolio or fund value, and iTAV stands for the investor's personal account value.

The present invention also provides a system of performance rankings of advice on a particular advisor's ongoing, preferably on a daily basis, so that investors can see their performance. That is, filtering the investor member's financial commentary based on the commentator's ranking confirms that the reliability of the comment is facilitated by the system of the present invention.

The present invention is a competitive system that attracts and further identifies them through competition involving trading of virtual portfolios (model portfolios) that reflect the actual market in order to increase the pool of proven investment advisors. To make significant and dramatic use of the power of the Internet. Thus, it provides a performance-based system within the investment community that establishes its credibility. Finally, the present invention continuously and interactively identifies the Best Investors (BIs) and then builds funds around these Best Investor performers in every sector, with BI's funding. As a manager, we provide a system that opens the way for you to become a "professional" to earn income.

Thus, unlike the “community investment” or “co-fund”, which is a holistic intellectual fund based on the collective knowledge of thousands of individual investors, the system of the present invention probably contrasts with it. It is a thing. Rather, the system of the present invention and its basic structure are systems that facilitate the positioning of the "best investor" in the large world of the target investor based on the good investment idea born from the individual mind. It provides them with objective and useful metrics and analytical tools, and ultimately builds a fund around their investment approach.

As the first candidate market for the system of the present invention, attention is focused on two groups: those who identify themselves as “more professional than eager” aspiring investors, and those who seek “best advice”. The former candidate classes are generally data-driven, seeking to quantify their performance, but free from the disadvantages of stale information compared to others with new or insider information, for example. They are currently trading online, looking for a level playing field. The system of the present invention allows individual investors to track their portfolio performance objectively and quickly and obtain advice and commentary from other ranked investors. Curious investors who are connected with their commentary can appreciate the credibility of their commentary. In other words, the commentary can be given a "reliability ranking". The latter candidate class generally thinks about online trading and has already done it, even for the least amount of money, but generally only reads or scans a limited set of investment magazines. , Or just surfed an internet site for financial advice, missed the opportunity due to lack of information or lack of time or interest to do the necessary research.

The system of the present invention also allows an investor to be ranked the best investor based on a given, equivalence and fair, set of known, recognized criteria that reflect the real world, By providing the opportunity to build a co-fund around the industry's best investors in every industry sector, and providing unmanaged investors with access to the best advice of the world's best investors, It provides investment opportunities in the funds created and allows the purchase of services in investment supermarkets.

The business methods and systems of this invention are best described as operating in phases. In Phase I, an Internet site was set up to attract a vast pool of investors, where daily iTAV (N
AV) Simulation with BIs participating in a competition to receive reports (virtual)
Clear and impartial rules-based competition to form model portfolio (MP) funds that are traded in the market provides a performance-based sieving system that identifies the best investors. That is, the present invention provides a competition model portfolio system in the first phase in which members and their portfolios (funds) are subject to competition. Individual member investor model portfolios compete with other member portfolios on the simulated fund management platform of the system of the present invention. Optionally, awards may be awarded on a quarterly and / or yearly basis.

In Phase II, selected BIs (and, optionally, all M-Site members) who have achieved high performance are required to use their own feedback performance metrics, accounts and reporting services on their own. You are invited to manage your own actual portfolio (real funds or stock trades selected by them).

In Phase III, a family of BI funds is created around BIs identified within the Phase I and Phase II screening process, with BIs acting as fund managers.

BI's also provide multiple reports, also called analytical or analytical tools, that include unique selections of total performance, stratification, volatility, and market timing to assist their stock analysis and selection. To receive. M-Site-hosted investment services include discussion boards; tracking selected Bis; observing sites and BI activity; and generally Phase II and Phase III, and optionally Phase I, via dynamic web pages. An observer / subscriber that includes fund investments across a range of investment vehicles (stocks, bonds, options, cash (financial markets), different types of funds, etc.) within an extensive menu of free and paid based services at / Provide and promote a full set of member services. Communication is managed by a set of screen names, password protection, encryption and digital signature and authentication algorithms.

The present invention also includes operations, communications, database operations, results analysis and reporting, processing,
Includes a complete computer system for member, observer and subscriber relationships, member and subscriber base creation and billing management. An example is to monitor trade-based individual investor portfolio performance and daily iTAV (NAV)
Includes a portfolio analysis program for calculating, and an interface with a message program for providing message delivery to investor members on a selected priority basis. Host sites provide investors with analytical tools to help generate and manage multiple investment vehicle models and actual portfolios, as well as facilitate analysis of portfolio and individual investment vehicle composition. In addition, it also corrects financial information for a large number of investors, including generate, send, receive, archive, search, (sort columns, sort, rank, etc.) instructions, and personal information of a particular investor on the site. Provide communication tools to do so. Revenues to the site itself include subscription fees and membership revenues, publication and reporting revenues, brokerage / dealers
It arises from the operation of services, click-through fees and commission allocation with external brokers, base point sales contracts with mutual funds, and fund management commissions and sales.

When an award is awarded for achievements (optional, as described above), a complete set of rules is enforced to impart a level playing field and hinder the “game system”. The usual way to turn all sorts of stock selection contests into games is to make a reckless bet on a highly volatile stock and hope it wins the jackpot.
Existing stock contests rarely (mostly, at all) try to prevent this type of game. The rule of the system of the invention is to ensure that the "hot" choice of 1,2 does not unduly affect performance. For compliance, for example, the rule required by the M-Site of the present invention is that contestants have at least 20-25 shares. Claiming a proxy fee is no other way to cause problems in a stock contest. Frequent traders are not punished and actually support day trading which is very expensive in the real world.
Therefore, the M-Site contest rules charge a typical commission for virtual transactions and thus are charged to the net of transaction costs and reflected in the position (portfolio).

Order-filling can introduce another set of problems. When a participant places an order, many sites only fulfill the order at the market or closing prices. To avoid this, the M-Site of the present invention performs a market simulation adapted to the orders in the real market, so that the orders are only filled when the price "occurs" in the real market. become. That is, it matches the price traded in the actual market. On most sites, lightly traded stocks can be traded in the real market for an amount that is never actually traded. In contrast, the system of the present invention only fulfills the transaction volume that actually occurred in the real world. Most sites, like the M-Site of the present invention, use delayed stock price data feeds. If the trade is not delayed until it is filled as well, the participants will be able to check the market price that is being supplied in real time, and in the contest, 20 minutes before knowing that the stock will be the desired price, the virtual You can buy and sell stocks and play games. In contrast, the operation of the M-Site of the present invention is designed for late payment. In short, in the virtual market structure of the M-Site system of the present invention, the virtual market constructed on the site is as close as possible to the actual market, and the actual performance of the virtual market is when the actual market was traded. Ensure that it is as close as possible to the actual performance of.

Processes underlying the functionality of the site, as described herein,
Site visitor and member-investor communications, as well as business methods that take place over the Internet, are described herein and illustrated by some figures. Software with computer-executable instructions for performing the operations. May be performed by. M-Site's web server may run on one or more computers configured with server software such that the computer hosts a site on the Internet, where static, generally informational, information is available. Providing web pages for provision, as well as individual access devices connected to the Internet (computer, PDA, mobile phone, pager, etc.)
Delivery of services, including provision of dynamic pages tailored to individual member investors that will be generated in response to individual requests from investors through Dynamic web page generation and serving tailored to facilitate the method being performed is performed.

The computer of the present invention may be configured in system architecture, for example, with one or more server computers, database computers, routers, interfaces and peripheral input / output devices that together implement the system and network. . The computer used in the system of the present invention generally includes at least one processor and memory coupled to the bus. The bus may be one or more of any suitable bus structure, including a memory bus or memory controller, a peripheral bus, and a processor or a local bus using any of a variety of bus architectures and protocols. . Memory generally includes volatility memory (eg, RAM) and / or fixed and / or memory to provide a record of information, including computer-readable instructions, data structures, program modules, operating systems, and other data used by a computer. Removable volatility memory (eg ROM,
Hard disk including Flash and RAID array, floppy (registered trademark)
Includes discs, mini drives, zips, memory sticks, PCMCIA cards, tapes, optics (CD-ROM, etc.), DVDs, magneto-optical, etc.). A network interface is provided on the bus to provide an interface to a data communication network (LAN, WAN and / or Internet) for exchanging data between various site computers, routers, and investor computers. Be combined. The system is also a keyboard, keypad, touchpad, mouse device, trackball, scanner, printer, speaker, microphone, memory media reader, writing tablet, camera, modem, network card, RF, fiber optic and It includes at least one peripheral interface coupled to the bus to provide communication with individual peripherals, such as IR transceivers and the like.

Various program modules include an OS, server system programs, H
SM (Hierarchical Storage Management) system programs, applications,
It can be stored in memory containing programs, other program modules and data. In a networked environment, program modules may be distributed on a number of computers connected to a network and used as needed. When the program is run, it includes operations, calculations, archiving, sorting, screening, classification, formatting, translation, printing and communication functions and instructions for performing the methods described herein, At least partially loaded into computer memory.

Member / investor, market, index, financial instrument, company, and other data can be configured as a relational database (hierarchical network or other type of database) whose data records are organized in tables. , Which are stored in a series of one or more data records, which records can optionally be associated with each other according to a given selectable relationship. For example, data records for one table correlate with corresponding records for other tables and interrelated members / investors (or markets, financial instruments, companies, etc., as the case may be). Or, according to the methods and systems of the present invention, the correlation or individual data can be recalled for on-screen display, printout, or other activity. The host of the site facilitates investors to create and manage virtual and real portfolios containing one or more financial instruments, and analyze the performance of portfolios and individual investment instruments or media. Analysis tools to facilitate, as well as create, send and receive, archive, search, (sort columns,
It provides both a sorting, ranking, etc.) instruction, and a communication tool to correct and provide financial information to a large number of investors, including information personalized for a particular investor. The invention will be explained in more detail with reference to the drawings.

Detailed Description Including the Best Mode for Carrying Out the Invention The following detailed description illustrates the principles of the invention by way of illustration of the invention and not by way of limitation. This description, obviously, contains what is considered to be the best mode for carrying out the invention, which will enable those skilled in the art to make and use the invention.
Several embodiments, modifications, variations, options and uses of the invention are described.

In this regard, the present invention is illustrated in several figures, and many of the aspects, interrelationships and sub-combinations that exist therein are incomplete in a single figure. Has complexity. For the sake of clarity and brevity, some of the figures are schematic or omit any non-critical or unillustrated aspects or principles of the invention, as well as specific methods, features, or principles of the invention. Only the aspects are omitted.
Thus, an embodiment of the best mode of one aspect or feature is shown in a single figure,
The best mode of different aspects is invoked in one or more other figures, interrelationships, or discussions.

All publications and patent applications cited in this specification are incorporated herein by reference as if each individual publication or patent application was specifically, and individually, incorporated by reference. There is.

Referring initially to FIG. 1, the Internet-based business method and financial management system 10 of the present invention can be depicted as having multiple phases, and in fact, the exact “of” these phases. The "boundary" is flexible and some functions of one phase have been shifted to other phases, but for ease of explanation, they are considered as three phases. Similarly, the following must be understood: That is, in a stable state of full activity, for example, while searching for the best investors, fund supermarket work in a mature business occurs at the same time, and "new" best investor candidates are introduced into the system. It means that more than one phase may proceed simultaneously.

In FIG. 1, Phase I, 12 is directed through the model portfolio system of the present invention to an investor and subscriber discovery system. Examples of current leading and best mode competitive systems, including the first, optional contest approach, are used to interest and identify the best investors. The competition format (or contest) is where the "best investor" gains investment insight through model portfolio competition, and thereby both virtual and actual money management using site metrics and services. Based on the proposal to qualify to be given the opportunity to manage real cash. Although competition is ultimately to the market, performance metrics that are objective and independent of the start date allow member investors and their funds to compete with each other and with professionally managed funds. It is possible. In any contest, for example, "Mark
by Etocracy, "Who is the Best Investor in the World?" _TM '' Competition Rule (Compe
Awards may be awarded on a regular basis, for example quarterly, yearly, etc. (or often more or less), based on an appropriate rule, such as "Title Rules".

These steps to interest the candidates, screen them, and identify them as the best investors include the steps of the candidate registering at the sponsoring (hosting) site and cashing for each fund. Received a simulated $ 1 million allocation, with which candidates could manage up to 1
Set up a simulated trading world that can create multiple funds up to zero. The candidate fund is then traded in the simulated trading market under given rules that reflect the actual market.

The system of the present invention allows member / investor participants to manage $ 1 million competitively with virtual funds (cash and financial investments such as stocks and bonds) provided by the system. Analysis tools are used to create a self-performing record of their stock selection and portfolio management abilities and compete for BI honors and awards. This system allows BI's to manage the fund just like an expert,
In addition, they can decide whether they can better manage their portfolios or funds than professionals.

The system of the present invention allows members to rebalance or, among other things, virtual funds that can be limited to a small number of shares and / or between several financial instruments (cash, bonds, shares, etc.) Allows managing different levels of fund complexity, from simple "novice funds" that do not require or allow diversification to advanced funds whose portfolios have a full range of financial instruments , Further promote it. Advanced funds are generally more targeted funds, such as sectors, diversified funds or hedge funds, and have extensive compliance rules (discussed in more detail below).

The site also features educational and information-oriented content pages for members and visitors, generally with a set of definitions, columns, articles, critiques, training exercises using analytical tools, and a variety of portfolios. Contains information in the form of expectations and hints for building and managing levels. Members can start by choosing a few stocks for their first fund portfolio, which is full
It may be less than the set strain. In addition, they can, at their discretion, observe other stocks that they would like to see in their portfolio increasing as market conditions or the merits of their performance. The system of the present invention provides for automatic tracking of a list of observed stocks, for example, daily, weekly, or every other period, for stocks, stock price, volume, unsettled (open) orders, canceled. Report orders, news releases, etc. to members. Members can add or delete the list of observed strains with a simple menu selection.

The meeting room, and optionally the report (detailed below), is also open to observer-investors who do not want to compete, on a free, partially free, or paid subscriber basis. Typical of these services are the best investors (
BI) A meeting room where potential competitors write their observations and comments about stocks, funds or other financial instruments in their portfolios, general market conditions or trends, and the reasons they chose. That is, an investor member can have his own meeting room.

Best Investor Performance can be assessed by fund / portfolio overall performance, by sector (eg electronics, chips, capital goods, entertainment, biotechnology, pharmaceuticals, airlines, utilities, metals). , Periodic consumer goods, energy, aggregates, etc.) can be layered.

In one important embodiment, comments are provided for ease of access, for example BI
It may be sorted in multiplex by name or ranking, fund, stock, sector, etc. The fund results of BI competitors are the respective net fund values (
NAV or iTAV) and% gain, or daily, by calculating damage since start and / or for previous periods (eg, daily, weekly, monthly changes), and then (eg, Marketcracy (Marketocracy). Reported to them (by making them available on the page assigned to BI members of the site). BI Member (BIM) pages are generally made available only to BIM via a password protected gateway and can also be encrypted. Optionally, iTAV / NAV can be made available on the M-Site public page. To facilitate buying, selling, stock observation, rebalancing, analysis, measurement, etc., it is possible to implement the conventional pop-up menu, including stock price bulletins, processing previews, and the like. Analytical tools make it easier for members to assess their own portfolio of progress-based investments, and measurement tools, primarily iTAV / NAV and its% change, allow members to assess their abilities and competitor qualifications. You can check.

The model portfolio performance of the Best Investor Member (BIM) competitor is NAV
Regularly (eg weekly, monthly, quarterly, semi-annual, yearly) by
Publicly reported. This BI ranking report is an important news event and gives the best performers significant credibility. An award can be arbitrarily given based on the achievement ranking. Similarly, the periodic ranking provides a general perception of proper performance based on NAV criteria, such as "Best Investor of the Year".

In one embodiment of the site of the present invention, a member's fund page is a place to manage the fund for other members and members in competition with the fund. It also
It is a place where members can send and receive e-mail, track information on desired or observed stocks, receive alerts, news, rankings, subscription and fee information about stocks, new site features and more. Alerts are generally triggered by selection (
That is, selected by the check-off selection menu) or sent by email, a preselected time period, such as 2+ weeks covering vacation periods, vacations, etc., can be selected by the site manager or member Is. The analytical tools provide a variety of charts, tables, graphs and text on how the overall fund portfolio has performed over a selected time period. The summary section can precede a more detailed analysis, and in one embodiment, a menu of links on the summarized page will automatically include the detailed analysis page and accessible reports to automatically display the member's fund page. You can choose to ship. Cryptography-enabled browsers are desirable for members accessing their pages and data. Screen names are allowed for privacy, but only in site guidelines for multiple identification. Each member can automatically track a selection list of BI trades that they like. For example, a member
You may wish to track the top 5 to 10 people in the "ml00" list (list of top tracked BIs, discussed in more detail below). The Member's Fund Page may be configured in any convenient manner, including by way of example and without limitation, a wide range of relevant content, as well as links to relevant and / or more detailed sub-pages. There are: • Includes NAVs as of a given date,% of actuals from that date, and start; • Links to analytical tools such as diagrams, reports, etc. • Overview, stock and bond quotations, cash positions, Portfolio position, including stock position, (long / short)% portfolio gains, losses, dividends, splits; -Links to relevant news items, including key items by ticker symbol; -Includes preferred BI tracking , BB or link to member's comments; • Undecided activities, open orders and observation lists, short-term debt, cash available to buy shares (net Open order), and similar trade information; -trade type, stock ticker symbol, stock, price limit (market or limit order), open order terms (day, market opening, longer term), payable commission; total price Final% of portfolio, sector / unqualified diversification warning (from compliance warning); location / cancellation /
Edit / Modify order buttons; trade notes (logs or reasons for trades); trade templates for trading, including comments to BBs, email links, etc .; and-a ticker symbol for a particular stock Mini chart of stock prices and trade widths over time.

A wide variety of meeting rooms / bulletin boards (BBs) may be facilitated, for example, a public board that, when posted, receives in real time multiple topics chosen by the poster. Etc .; Sector bulletin board, beginner bulletin board; individual member boards, for example, BIM posts comments, observations, stock selections, reasons for movement, etc., and visitors post comments, etc. Members will also be provided with a link to "contact us" to comment on improvements to the site. Members or broad community BBs may have sub-categories, including but not limited to tracking actual markets, individual stocks, investment moods, specific sectors, financial news, IPO announcements. Additionally, it may include search tools, links, analysis / commentary / papers and suggestions.

As site members see site feedback metrics and reporting and accounting services, they want the same for their portfolios. This is Phase II, 14 in Figure 1, where B
Members, including IM, can use the broker of their choice or directly M-Sit
Via e, it is possible to trade in the actual market, which allows them to enhance all their own trading activities via the site. In addition to M-Site's own intermediary / dealer service, the link is defined as a third-party broker, and when members choose, a sell agreement is sent to the other party to execute the transaction. The full set of accounting and reporting services are required for the functionality required.
Created and used.

The Phase II transaction is carried over to Phase III, 16 of FIG. 1 as it is, where one or more mutual funds are around BI, which has gone through the process of identifying and screening Phase I and Phase II. Is made. These funds are open to all investors through various distribution channels such as brokers and M-Site. The management agreement is concluded between the M-Site fund management company and BI as the fund manager. M-Sit
The e-management company is a registered investment advisor,
Provides a complete set of fund allocation purchasing services for supermarket investors / subscribers. In all phases, M-Site offers a wide selection of site information pages, emails, reports, financial services including technical, business and financial news, briefs, annual reports, S-1, 10K, insider sales. Provides access to public corporation information such as, financial analysis columns and articles, bulletin boards, BI model portfolios and BI fund performance reports. The membership participation form is for members to join the site mutual fund supermarket (Site M
Presented in an on-screen template and downloadable form from the site to invest in a mutual fund of mutual fund supermarkets.

FIG. 2 shows the Phase I model portfolio system 12 of FIG.
It shows in detail how I is found and a large member / subscriber base is built. Investors 1, 2, 3, who are interested, via the Internet 18
4 ,. ． ． n is M-Si for a tour of features and offerings
Access te22. They basically have the option of exiting without a profit, signing some or all of the services 26, or registering for a model portfolio competition 28. Member / subscriber and competitor registrations include interactive menus, typically in template or stylesheet format, and subscribers and future BIs fill out forms 30, which generally include member referral information, screen names, memberships. Includes number assignment, password (PW), security (eg, encryption, optional), email setup, social security number (for bonuses and purchases), and so on. Completion of registration requires regulation and service review conditions and acceptance. Visitors and members are presented with a template to write the email address of a friend or acquaintance,
The site sends them an invitation to join.

At registration, up to 10 model portfolios (as examples), each with a NAV (iTAV) of $ 10M, totaled $ 1,000,000 (M $ is the allocated fictitious market class (Understood as Marketocycle dollars). Individual BI model portfolio (BI
MP-1, -2. ． ． The trade 32 in -10) is a simulated trade that reflects the actual market, ie Nice, Nasdaq, etc. The BIM membership number (and / or screen name) and password allow BI to access a special page 36 for the conference room 34, and its NAV, where the site operator sends a daily evaluation of each model portfolio. In the presently best mode embodiment of the method of the present invention, the NAV post 36 and the reporting page (see below) are private to the BI individual, ie, distributed and provided to individual membership pages. However, they can optionally be "published" to subscribers or competitors of other BIM communities. In general, conference room posts 34 can be sorted by conventional sorting algorithms so that posts are grouped by BI into various categories, such as model portfolios, stocks, industries, and others. It is possible to divide and sort.

Underlying the business method of the present invention is a conventional computer system and operation 40 executing appropriate management, analysis and communication software, including the functionality described herein. It has to be understood.
Based on the disclosure of the business model and system operating functionality herein, those skilled in information technology systems and management and computer programming will appreciate appropriate commercial computer hardware configurations, operating system programs and application programs. Choose, deliver, integrate,
You will write additional code to enable the required functionality, described in a wide variety of formats, as needed. In this regard, the computer system and operation 40 includes three columns of features and aspects of the invention between the first and second columns, and the second and third columns, ie, on both ends of the central column. 2 is shown in FIG. This shows that the computer system connects and facilitates all BI, subscriber and public relations interactions and back room operation of the inventive business model and system of the present invention. Double-headed arrows to and through the computer system and operations indicate that respective features and interactions are computerized, passed through, and through computer system 40.

Site communications to and between members can be tracked and mapped for back office activity analysis, resulting in "network" interconnection that reveals the flow of information exchange in the site / system investor community. It is also part of the present invention to generate the diagram, which identifies the critical nodes that impede the information flow and the sources and directions of the information flow that are of current interest. This analysis tool assists in the construction design for the management of information flow, operation of the site hierarchy information and data management and recording system of the present invention. As shown on the left side of FIG. 2, computer system and operation 40 is a computer operation and system operation.
Control 40a, all processing 40b, result analysis and report generation, ranking and contest operation and awarding of prizes 40c, composite sorting, message exchange, posting,
Meeting room operations 40d including uploads and downloads, all communication 40e between interested parties using the system, BI member and subscriber contacts, registration and communication 40f, database including database structure and progress based analysis of records Operations and Administration, Search and Recovery Operations 40g, and Site Sponsor Investor / Shareholder Relationships and Company Operations and Financial Operations, including Record Storage, Advertising and Promotion, Billing and Collection, IT Operations, and Other Administrative Operations and It includes other operations, including but not limited to functionality.

Continuing with FIG. 2, the model portfolio in its current best mode aspect may be processed and managed 42 in a variety of ways. For example, the portfolio can be sorted quarterly and annually by: BI; iTAV / NA.
V; individual stocks; industry sector; number of trades; trade frequency; profit per trade; holding period or average holding period by stock; other, further sorting and analysis, eg insider trading, prime rate changes, various Various interrelationships can be included, such as the index of. Then, generally quarterly, BI's portfolio, and all portfolios, were ranked by iTAV / NAV 44 (this quarter's results), and on a cumulative basis (semi-annual, 3 / 4-year, yearly, etc.). Continues.

A special report 46 is generated for each individual BI model portfolio. In the best mode at present, four special reports are included: 1) given BI
A model portfolio that can be evaluated against the general market (S & P 500) or against comparable industry sectors, etc., to provide a cumulative quarterly history. Including identifying contribution and portfolio percentages, ranking highest to lowest, stratifying them by three or more groups, eg top performers, middle performers, bottom performers, etc., Given B in given quarter
Stock strapping of I model portfolio (fund) shares; 3)
Volatility of portfolios or individual stocks, generally shown as a plus or minus fifty-fifth; and 4) showing the gain performance of percentage gains compared to sells in a convenient graphical format, typically 30 days per quarter. Market timing analysis with 3 parts. Similarly, the actual portfolio of Phase II 14 and the fund supermarket of Phase III
Services 16 are managed 48 within the system.

With respect to BI members, the system of the present invention opens the associated model portfolio (MP) 52 according to the application fee, trades (orders and confirmations 54, post analysis 56), in the conference room 34 by BI. Includes Best Investor Membership Model Portfolio Construction and Actions 50, including other correspondence or comments of B,
I in and out of the conference room and from site managers / sponsors / operators 58 of communication 58 and reception of daily NAV ratings 60 and, optionally, on a pay-as-you-go basis (eg 15-20 Minute delay service, real-time or near real-time) streaming ticker service. These communications are carried out by BI using M-Site, for example, a personal portable information device (P) such as a Palm Pilot.
DA), on a computer connected via modem, DSL, cable or radio, etc., connected, or adjusted for different levels and modes of display 62 on the display of a wireless pager or cell phone. . As mentioned above, and as shown in the lower left of FIG.
You may proceed to the BI fund system 16 of se III. These are respectively
This is described in more detail in FIGS. 4 and 5.

Building a large subscriber base 64 in which the subscriber revenue stream 66 can occur is an important aspect of the present invention. This is schematically shown in the upper right of FIG. The subscriber base is built through the M-Site homepage, where
A series of observer and / or investor services 68, some of which are free and some of which are service cost based, are presented. For example, in certain conference rooms, the right to observe and access to post questions and information can be provided free of charge, while the selected BIM's quarterly and even daily Per-tracking is provided by an optional fee base 72. These subscriber services start from the first competition and are open to subscribers at any time. Member is P
The set of services can be shifted and expanded so as to move to case II, their management of the actual portfolio. Ultimately, the subscriber / member will have more than one BI or Phase to invest as shareholders 74.
A conventional fund provided by the III fund supermarket system may be selected. As mentioned above, subscriber 76's initial contact and access to M-Site is via the Internet, with proper registration, billing and password control. The special email account 78 may generally be a fee-based, and even more generally an instant message-based communication and monitoring setup, eg by a subscriber.

FIG. 3 shows a typical page of the M-Site 24 and a range of access thereto. Observers (generally the first visitor to the site), subscribers and BIM can click to go to the selected page from the welcome homepage and access control (rate-based, or one or more passwords associated with competitors). ), And heads to the conference room 34. There, they are generally free to post and comments by BIMs, subscribers / observers on stocks, BIM choices, market sectors, trends and actual market and business events. Comments are typically posted in order by posting time, but may be sortable on a fee basis, for example by sector, stock, BIM screen name, etc. That is, upon payment of the appropriate fee, the subscriber will immediately post a comment with all comments on a given stock or sector, a particular BIM, or a particular model portfolio of BIM, etc. It becomes possible to sort. Other pages 36 include posts about daily BIM model portfolios, or daily iTAV / NAV for all BIMs, etc. Ranking 44 pages per BIM and / or BIM portfolio (
Includes BIM ranking posts by number).

For arbitrarily awarded prizes, the posting page includes a list of BIs that have won the prize. A typical award mix was $ 100,000 US in Quarter # 1 and $ 1MM US in Year # 1 overall. The post page is BI that won the award
Contains a list of.

Other pages 46 include reports 46 for individual BIMs, which are generally password accessible. As shown at the bottom of Figure 3, the report pages are sorted by B
It is accessible through the IM model portfolio, with 4 (
Or better) reporting, stabilization, volatility, market timing, and aggregate performance. Thus, BI-1 model portfolio-1 is shown on the first page, MP-2 is shown on the second page, and so on. As shown on the left of FIG. 3, all of those pages are generally open to the BIM 80, and certain pages may all be published to the observer 82, others are rate-based. It may be open to subscribers 88. Thus, in general, quarterly and yearly final rankings and winning posts 86 are open to observers and subscribers. On the other hand, the daily NAV posts 84 are not normally exposed to observers and can be opened to rate-based subscribers.

FIG. 4 shows the actual portfolio of Phase II of the system of the present invention, which engages the structure and can be accessed directly by the actual portfolio of their own funds or by personal agreement. Facilitates trading for members 50, who choose to trade portfolios of others who have rights. This is BI
It is preferable not only to open it to all members but also to all members. M-Site 22 provides a full set of investor services 90, which facilitates members preparing to select shares within the fund, as shown schematically in the overview area. At that time, the member may, at his or her will, send to the site sponsor / operator B-1, B-2 ,. ． ． You can choose to have direct hyperlinks 92 provided to one or more selected brokers 94, shown as. Alternatively, the member may decide to use the site's brokerage service 96, which has a link 98 to the site's chosen broker.

As before, the site is operated and managed through a full set of processing operations 40 that facilitate computer operations, database management and membership transactions. The secure link 104 includes direct trade / confirmation 106 with the broker 94 of the member's choice, and brokerage services to the broker, and mutual fund 96-94-108 trade execution. Can be easy. This figure is also Phase III, BIM Mutual Fund 100
It is shown that it can be linked to the market via a secure link 104 (bottom of the figure) and have a direct link 102 to one or more of mutual funds 108. For BIM-to-Site links, there is a customer (member) ID and password, any (preferred) encryption and digital signature system used. A secure link 10 for brokerage services 96 via link 98 and Phase III mutual fund transactions via link 102.
4 enables interactive transmission 112 and confirmation 114 of trades / orders with broker 94, as well as corresponding trading and redemption 116 and corresponding confirmation 118.

Compensation flows from click-through fees to site sponsor companies, and from brokers to commission sharing 120 to communication-based point sales contracts 112 with mutual funds 108. Phase
As in I, the observer / subscriber 64 may subsequently receive 124 various reports 110 on the site service and the actual portfolio activity of the selected BIMs. They are generally rate-based 64, such as daily NAV posts, quarterly and annual rankings, as well as any other meeting rooms, as described above.

As shown in FIG. 5, when the system is filled with Phase III, BI fund system, BIM model as selection process 130 and operation of the actual portfolio function, BI-1, -2 ,. ． ． ． , N, 132, 134, 136, outstanding BI performers are selected B as fund managers.
Site to launch one or more "Best Investor Funds" with I.
Invited by the manager / operations organization. Negotiations and agreements 138a,
b, c, one or more by the site operations organization or subsidiary or its affiliates acting as a registered investment advisor in the form of requesting and hiring a BI under a management agreement with appropriate compensation. The funds 140a, b, c are created 142. Appropriate credit 140a, b, which generally acts as an individual trust
, C provide management decisions 144a, b, c.

The relationships and functions described herein are not exhaustive of the typical and conventional relationships of fund operation and management, as they are designed for full service fund creation and operation. Have the functionality and ability to
It should be understood as outlined herein to exemplify the system of the invention and the Internet-based business method. In this way, site operation companies can also create and operate underwriting / distribution entities,
Or make a contract with an existing underwriter / distributor 150. Applicant and others 6
4 can participate as a shareholder 152 in the BI fund family created under the system of the present invention, mainly through the site (see FIG. 4) or by directly applying to the underwriter or broker distributor. It is also necessary to pay attention to this. As before, Site Operations provides a communication link for the exchange of prospectus and application agreements 154, and allows quota purchase 156, distribution between several funds 140a, b, c, and shareholders 152. Discuss 158, Report 160 and Reimbursement 162. Of course, all internal operations and communications are handled by the computer system and operation 40, as described above.

An important aspect of the present invention is the analysis tools and reporting to members, individual investors, applicants, best investors and fund managers. 2 and 3 include specific reports on total performance, strafication, volatility, market timing, fundamentals, and Gs / e ratios,
References an important analytical reporting tool 46, which serves as a powerful decision tool for site members, fund managers and applicants. The first four above are shown in FIG. 6A and the latter two are shown in FIG. 6B.

Extensive analysis may be provided free of charge, on a payment basis, or both. In addition to the special analytical tools discussed herein, the provided analysis may present other metrics, including: sector weights; membership of the sector and / or industry; performance. Comparison with the market or other members;
Market timing; Risk and volatility adjustments; Member total performance (investment style and potential risk considerations); Market capitalization (
Low, Medium, High); Value, Mixed, Growth; Performance vs. General Index (S & P 500, etc.) Comparison; Tiering; Member iTAV / NAV vs. S & P 500 Index
Such. The site is also provided as an information or analysis tool and provides an overview of all (all fund) positions within a given fund, or positions of elected members, eg positions within ml00 or positions compared to ml00, Alternatively, it may include an overview of the member's position selected by the curious member / visitor as a guide to the member's confidence in the stock. The following can be attached to the position. The trading value, including the average of that stock, or the NAV of a particular member; the average gain; and the volume as a relative percentage of the actual market.

FIG. 6A is a total performance report in graphic format, showing the total performance of the BI portfolio, generally reported for NAV. Mainly more preferably, individual iTAVs by unit value of at least one given time period, such as 30, 60, 90 days, quarters, years, etc., of individual investor or fund manager candidates associated with a particular portfolio. / NAV measured as percent change in NAV. The percent change in NAV value over the selection period can be ranked and the preselected top percentage or number has been chosen as the best investor based on a metric such as the top 100 called ml00. Although FIG. 6A graphically depicts performance on a percent change-quarter axis, it may be displayed in any format, including electronic processing for tables or databases, data structures or visual display formats, and investment It may be distributed in hardcopy form to the homes / members / applicants. It should be noted that the graph also shows where the investor's portfolio is with respect to the S & P 500 performance.

FIG. 6B shows the weightings for the unbroken line with plus or minus,
A volatility report presented in a graphic format that depicts the relative and progressive changes in portfolio volatility with shaded bars.

FIG. 6C is a strafification report that presents all stocks in a particular portfolio in a tabular, grouped format, where the groupings are top, middle, and bottom performers by percentage return. ing. In addition, it has one column showing the relative weight of the portfolio as a percentage of the total market price of the portfolio as of the reporting date.

FIG. 6D is a market timing report showing the relative sell-buy performance at the end of three periods of 30, 60 and 90 days, respectively, in graphical form. The curve here shows that the sell side has good timing and the buy side is bad, reflecting that the sell market timing has failed and the sell decision has deteriorated.

The market timing diagram compares stock performances sold and bought after trading. If after a buy, the price of the shares bought rises and the price of the shares sells falls, the line diverges and the market timing of the portfolio manager (member) is good. If stocks tend to go down when bought and tend to go up when sold, the timing is bad. To emphasize trends (convergence, bifurcations or crossings), buys and sells are preferably graphed in the same figure and have characteristic differences (line color, different data points, etc.). The figure preferably has a horizontal middle, ordinate 0% line; the Y-axis is the change in% iTAV / NAV or the absolute value of NAV; and the X-axis is the day, week, It is a period such as a month, and it progresses from left to right from the time of the transaction (the transactions do not have to be on the same date. Although the stock A is sold to buy the stock B, the illustration is possible. , The starting points shown are the same).

One of the most powerful services of the system of the present invention distributed via the internet business method is the method of evaluating investment portfolios or asset allocations by company fundamentals. The method is illustrated by reference to FIG. 10, sales growth-income growth graph. The scope of this disclosure also includes income growth-
The aim is to cover a reciprocal graph of sales growth. The discussion below is, for reference, all companies first, and then all companies in a given portfolio, but this comparative growth data also helps to assess other features or relationships. Must be understood. Examples include, but are not limited to: Allocation of company resources, including capital, personnel, research and development, etc .; evaluation of managers'capabilities; companies as potential mergers or acquisitions. Evaluation of a fund manager or future market classy (Marketocr)
acy) An assessment of the performance of the fund, including the model of the member investor and the actual fund as part of choosing BI as the fund manager (which is a sub-set of the manager's capability assessments listed above).

The steps of the basic valuation method of this company are as follows: 1. Decide on an appropriate investment period, eg 1 year; The four stages of work are: a. Get the most recent sales and income figures; b. From the previous period, so that the period of the previous period and this period will be equal to the investment period
Obtain corresponding sales and income figures; c. Determine (eg, calculate) the percentage change in sales and income; d. Place each company in the portfolio in a two-dimensional space defined to represent sales growth on the vertical axis and income growth (or reciprocal) on the horizontal axis; Optionally, draw a diagonal line between the origin of the diagram and the upper right corner. This line shows all locations where sales growth equals income growth; e. Optionally, draw a circle (called a "bubble") around each position so that the area of each circle is proportional to the size of the relative investment of each stack in the portfolio; Read the diagram: a It is difficult for a company to grow its sales and at the same time get more profit. Good management and strong industry and company fundamentals need to keep the company on the right side of the diagonal line in time. b Individuals wishing to invest in companies with strong company fundamentals should be aware that most of the bubbles must collect in the lower right corner over time. c To reassess the strengths of the investment, the manager must pay attention to the large bubbles in the upper right corner of the figure.

In the figure, the center point of the circle is the x, y coordinates: sales of a specific company (or profit center) in a specific period, income. Thus, the dots represent the actual position of the company on the investment period graph. The size of the circle represents, for example, the relative weight of a company's shares across the portfolio or, in the case of asset allocation, the relative amount of capital tied up at a particular profit center. The method of the present invention can employ and display S / E (or E / S) fundamentals in a wide variety of ways (modes and formats):-Graphic points; -Table format or database structure; Selected weights, eg percentage of total invested in portfolio, percentage of company's total invested capital, percentage of budget (such as marketing or R & D budget), legal costs, debt, interest, debt, etc. Areas on the graph that represent areas showing factors; coordinate axes x, y, z where x and y are the same as above, and z is another parameter such as capital investment, portfolio percentage, etc. A three-dimensional graph with; points moving over time, or areas (called bubbles) Together to move or increase / reduction, dynamic display. Such a dynamic display may also be a three-dimensional display, such as the three-dimensional graph described above; and, as a ratio, eg the G _{S / E} ratio or its mutual (inverse) G _{E / S.} Ratios, which can be displayed in tabular format or as part of a database structure. With respect to the ratio approach, the term “G _{S / E} ratio” includes that ratio and its reciprocal, the G _{E / S} ratio. Similarly, the graph can be reversed, so that
Y-axis shows income growth and X-axis shows sales growth. It is currently preferred to set the ratio as GE _{/ S} and to represent it as a graph in which income growth is on the Y axis. As a result, the ratio of basically solid companies is greater than one, and the best performers on the graphic format go to the upper right above the line (above the slope of 1.0). FIG. 7 shows a single quadrant, but the company performance is that x and y are: −, +;
It should be understood that it may be in any one of the other three quadrants no, −, −; and +, −. Of course, these three quadrant performers
Revaluation for inclusion in the portfolio should be followed. Watching the movement of dots or bubbles over time causes the concept of critical drift. Where,
When the company's actual performance approaches the diagonal line of 1.0 or exceeds income growth slower than sales growth, it is a trigger point for investors to move, such as selling stocks. Similarly, the rate of contraction (negative growth in sales or income) will probably, and generally, be the critical investment decision point.

The graphic analysis technique of FIG. 7 is also applied to the evaluation of the best investors. In this case, the Y (vertical) axis is the iTAV / NAV absolute value, or NAV over a given period.
Is the% change of. On the other hand, the X (horizontal) axis is the time from the start specific date. NA
Vs can be plotted as a point and the representation can be dynamic, ie
The timely movement can be displayed on a video or graphic display in stream format. They are the size (area) that represents the ratio of the fund's total assets
Can be plotted as a bubble. When the fund rises and past a preselected horizon (or nearly 45 ° slope), for example BIs, or the top 10% of the S & P 500, or the line representing the top X% performance level of a professional manager, Each fan domain jar is chosen as BI's and gets its own fund (Phase III, above). If the funds move to the right and probably fall in the negative region (below the X axis), they are under performers. If they were real fund managers, they would be replaced. Fund diagrams can be detailed by sector. The figure can use the lateral (X) axis as a 0% change line, thereby extending the Y axis both above and below that line,
The latter can be used for negative area display. This helps visualize fund transfers to loss locations, which should not be the time to replace managers in certain situations, such as a recession.

As used herein, the term “display” refers to a hardcopy printout, as well as a passive or active (dynamic and / or interactive) display on a screen (eg, a computer screen).
And any other display format that is presently customary and that will emerge in the future. The display can be a flyover by the viewer of any particular point or bubble on the graph, with an audio visual and a mouse pointer. Or, by touching the bubble with your finger or other pointing device (stylus, laser pointer, etc.), a pop-up link to a more detailed featured article of the company, represented by dots, lines, or bubbles. Can be generated.

A wide variety of additional features, illustrated below, can be added to a site, including one or more site visitors, members, applicants, fund investors, and even the best investor fund managers and theirs. Can be provided to the fund.

Top Performers: Top performers, such as “Top 100” (also called m100),
Performance analysis, preferably including their iTAV / NAV rankings, is provided on a regular basis, eg, monthly, quarterly, semi-annual, or any other selected time period. For example, in each quarter, Top 100 investors are ranked based on the results of the previous quarter and the ranking is updated quarterly. The Top 100 performers can also be ranked for shorter or longer periods, such as daily, weekly, multi-quarterly, yearly, or longer periods of time. Statistics are edited, rankings are generated,
It is sent. For example: iTAV / NAV at the end of the quarter; daily iTAV /
NAV diagram, list or ranking; iT at the end of the quarter compared to the previous quarter
± change in AV / NAV; portfolio value, ± change in portfolio value compared to the previous quarter, dividends received, trading value (total; by sector and / or stock; by day, month or quarter; trading pair Mark BI amount; etc.),
Financial performance factors; for example, top selling and buying in terms of amount and performance; market timing performance; GS _{/ E} ratio or GE _{/ S} ratio for the stock or fund as a whole;

This kind of BI membership performance vs. professional fund manager comparison can measure some of their expertise and further be analyzed and / or represented in various ways. In one embodiment, m100 is a list of top 100 members based on changes in NAV% over a given time period (eg, quarterly, semi-annual, yearly). The average% gain or loss of the 100 Best Performer Funds is
It forms an index called "m100 index", which is S & P 50
It can be tracked like 0 (or any other recognized financial index), or compared to it, and compared to the capabilities of professional fund managers. A top 100 fund can include less than 100 managers. Analysis of performance of the m100 fund may also include analysis of amounts, buy / sell summaries, and commentators.

Metrics reports and rankings are reported in one or more ways, and the top 100
(Or the entire membership) can be included: by the market capitalization sector; by the industrial sector; And then a comparison of the top 100 against the actual market.

In addition to being a list or collection of top 100 funds / best investors, m100 can itself be a fund. The m100 fund portfolio may include, but need not be limited to, a consensus of the top 10-100 financial securities holding securities (eg, stocks) of the top 100 funds, or m100 member funds.

The site has set up a set of guidelines and regulations for portfolios and funds in order to be ranked (qualified as required) as a Best Investor and qualified as a Top 100 Investor (m100). To do. If the member's fund is out of compliance, the member is notified, for example, of the first choice of shares / bonds for the fund portfolio; and for trading, balancing portfolios or other activities. The notification may be any one or more of a text or icon message, such as an inactivity sign, an error message, etc. For example, it may include the necessary conditions for fund compliance: -at least 10 shares in the fund; -up to 25% of fund assets per share; -preselected minimum market per share -Capitalization; -For each stock, given minimum market price; -Minimum amount of sector funds in assets of a particular sector; -Correspondingly diversified fund; Maximum amount in any one sector; -dividends are added to cash positions; splits go to stock positions; and-rebalancing and resectoring (changes to different sectors) are allowed, etc.

Some or all of the top 100 / m100 data may be freely provided to visitors, or selection information may be provided to members or applicants on a fee basis. Similarly, the rate base can be time sensitive or time dependent, i.e., a fee form where initially there is a fee to get that information and it goes to zero over time. Take
For example, daily or weekly performance analysis and statistics may be provided on a fee basis, while quarterly Top 100 / m100 performance statistics are posted free to site or web page visitors. can do. Financial and / or cognitive awards can be awarded to top performers, for example:
A special "Market Classy (M
“Arketocracy Top 100” or “Market Classy (Mar
ketocracy) m100 member 'business card; exclusive access to special site features; awards; special treatment; public attention, etc.

Top Performer Private Discussion Group: This feature includes a personal discussion forum, password-access bulletin board, or chat room, qualified via email, where it is designated by the site administrator. Was done, for example, Market Classy
Top performers such as acy Top 100 have the opportunity to discuss and exchange investment ideas and exchange information with the Marketocracy fund portfolio manager.

Fund Barometer: This feature is configurable in many embodiments. In a first embodiment, a fund barometer comprises templates, pages, links, etc., where site visitors, members and non-members alike, of investments (eg stocks) consisting of one or more proposed portfolios. Enter the list and the previous quarter for each portfolio will be automatically calculated and returned. The response to each is then compared to the results of a professional fund manager, and then a line chart or other type of comparison is generated and displayed, along with their response, and their portfolio is real. If so, show the percentage and number of times a professional money manager would have beaten. In a second example, a site visitor receives actual or estimated returns on his or her non-market marketocy site portfolio, either managed by himself or managed by others. input. The returns are compared to professional managers, and a line graph shows the number or percentage of beats of professional fund managers their portfolio returns made or would have made.

This feature provides an excellent recruitment device for the system of the present invention, where people with good returns are encouraged to register and, in some cases, launch their own model or actual fund. People with lower returns are encouraged to register for site services such as education and training, including the opportunity to get a glimpse of the world's best investors.

Advisory Service: In this feature, members are allowed to apply for other top performer members by paying a fee. The application generally includes email, cell phone, pager, fax, etc., and is updated as the transaction (application-to-members) occurs, the legitimacy of the transaction,
Daily or weekly updates such as the portfolio performance of top performer members. Subscription fee revenues can be shared between the subscribed members and the sites that act as billing and collection agents.

Investment Ideas Forum-Rankable, Sortable: This feature consists of one or more bulletin boards, forums, chat rooms, etc. on which members post their investment ideas. The bulletin board can be sorted according to the performance ranking of the person who posted, including "not ranked" for new members, which allows evaluation of ideas and comments. Other sorting criteria such as date / time of posting, sector or stock, who posted, etc. are also provided. In addition, the post may include links to the mentioned companies or newspaper articles, financial diagrams or advertising releases of the aforementioned companies.

Personal Portfolio Tracking: Members with real portfolios can have real “external” portfolios that are also tracked as virtual portfolios. The tools and reports are the same as above. Members enter their trades (shares, dates, prices) rather than the orders they fill on the site. These portfolios are personal and generally independent of ranking. However, one of the options is to request a comparative ranking. This feature may be fee-based or free. It should be understood that the data entry for the various features described in this application may be archival. That is, the date of the transaction or virtual portfolio start may be earlier than the data entry date, which may result in an accurate time series performance of the actual transaction. The virtual portfolio then becomes "what if it starts" at a particular early date. In addition, in the feature that the member inputs the previous transaction price and date, an automatic check function works, for example, by displaying in red or highlighting, an error input can be notified. Thus, for example, CocaCola
If you mistakenly enter "$ 1.05" instead of "$ 105" for a stock purchase, the program on the site will compare it with the stock price record for the entire period in which it existed, and inform the input in red. , A question such as "Did you buy the stock in 1921?" Can be displayed to the members.

Industrial Availability If the financial industry offers better access, feedback, ranked advice, credibility and the best performing managed fund to millions of individual investor members, this book It is clear that the invention has valuable industrial applicability.

It should be understood that various modifications within the scope of the present invention can be made by those skilled in the art without departing from the spirit thereof. We therefore wish that the invention be defined by the claims as broadly as the prior art permits, and by the scope that we consider this specification, including equivalents thereof, if necessary. .

[Brief description of drawings]

[Figure 1] Based on the competition model portfolio system of the first phase
Multi-Phase Internet-Based Finance of the Invention Including "Best Investors" Identification, Second Phase "Best Investor" Actual Portfolio Creation and Management, and Third Phase Full Service Fund Supermarket 1 is a schematic diagram of a management business method and system.

FIG. 2 is a schematic diagram detailing the structure and operation of the Phase I model portfolio system of the present invention.

FIG. 3 is a schematic diagram of the site page portion of the business method and system of the present invention.

FIG. 4: Phase II's actual portfolio system for “Best Investor” members, the various subscriber options available in this phase, and the relationship between Phase III's BI fund system and fund supermarkets. FIG. 3 is a schematic diagram showing the structure and operation in detail.

FIG. 5 Phase II of a phase 3 mutual fund built around the identified Best Investor BI as a fund manager.
FIG. 3 is a block diagram showing in detail the structure and operation of I's BI fund system.

FIG. 6A is a diagram showing in graphic format the total performance identified in FIGS. 2 and 3;

FIG. 6B is a graphical representation of the volatility identified in FIGS. 2 and 3;

FIG. 6C is a diagram showing, in a graphical format, the performance tactics identified in FIGS. 2 and 3;

FIG. 6D is a graphical representation of the market timing identified in FIGS. 2 and 3;

Figure 7 For example, whether the company's shares should be included in the portfolio, whether the company is a good target for mergers or acquisitions, eg capital resources, personnel, R & D focus, etc. Whether the relative allocation of various company resources should be in a particular profit center of the company (which may be the entire company), and also to assess the performance of managers, sales and production personnel A company (or intra-company profitability assessment) to assess the company's fundamentals in line
(Center) is a graph of sales growth versus income growth.

[Explanation of symbols]

  12 Phase I, 14 Phase II, 16 Phase III.

─────────────────────────────────────────────────── ─── Continued front page    (31) Priority claim number 09 / 610,163 (32) Priority date July 5, 2000 (2000.7.5) (33) Priority claiming countries United States (US) (31) Priority claim number 09 / 610,164 (32) Priority date July 5, 2000 (2000.7.5) (33) Priority claiming countries United States (US) (31) Priority claim number 60 / 231,058 (32) Priority date September 8, 2000 (September 2000) (33) Priority claiming countries United States (US) (31) Priority claim number 60 / 261,885 (32) Priority date January 16, 2001 (January 16, 2001) (33) Priority claiming countries United States (US) (81) Designated countries EP (AT, BE, CH, CY, DE, DK, ES, FI, FR, GB, GR, IE, I T, LU, MC, NL, PT, SE, TR), EA (AM , AZ, BY, KG, KZ, MD, RU, TJ, TM) , AE, AL, AU, BA, BG, BR, CA, CN, CZ, EE, GE, HR, HU, ID, IL, IN, I S, JP, KR, LT, LV, MK, MN, MX, NO , NZ, PL, PT, RO, SG, SI, SK, TR, UA, US, UZ, VN, YU, ZA (72) Inventor Bruce El Horn             United States 93456 Ma, California             Nmos Lakes, Ridgecrest Dora             Eve 207 (54) [Title of Invention] An Internet-based website for recognition, measurement and ranking of investment portfolio management.                     System and fund supermarket operations including the best investor managed funds.                     Product

Claims (126)

[Claims] 1. A method of measuring and ranking the investment management performance of individual investors in a huge world of investors comprises the following steps: a) At least one financial security, at least one Creating a portfolio; b) assigning to each said individual investor an iTAV / NAV of at least one individual related to said portfolio at the start of a determined time in time; c) said individual investor Enabling said at least one financial instrument of said portfolio to be traded through a trusted independent third party; d) by said trusted third party said individual of each said investor. tracking an iTAV / NAV; and e) said trusted third party is the investor's individual for a determined period of time.
Periodically reporting the TAV / NAV performance to the investor. 2. The personal iTAV at the start of the portfolio creation
The method of claim 1, wherein / NAV is assigned on a unit value basis. 3. The method of claim 2, wherein the personal investor performance is based on a percent change in personal iTAV / NAV by unit value over at least one determined time period. 4. The method of claim 3, wherein the individual investor performance is ranked with respect to at least one of a) a market and b) other individual investors. 5. The method of claim 4, wherein each individual investor selects at least one financial instrument from the portfolio. 6. The financial instrument is selected from a given set of financial instruments.
The method described in. 7. The method of claim 1, wherein the portfolio is a model portfolio. 8. The method of claim 7, wherein the trade is a virtual trade performed by the trusted third party in a simulation market managed by the trusted third party. 9. The method of claim 8, wherein the simulated market is a rules-based market. 10. The method of claim 9, wherein: a) the virtual transaction reflects a transaction of a corresponding real financial instrument; and b) the trusted third party is by the individual investor. Executing the virtual trade in the virtual market with a value that matches the corresponding actual financial instrument trade, reported at a time substantially matching the virtual trade request. 11. The method of claim 10, wherein the trusted third party reports the transaction to the individual investor via electronic communication. 12. The method according to claim 11, wherein the communication is performed via the Internet so that the communication can be close to real-time operation. 13. The method of claim 12, comprising providing an analytical report to the individual investor having at least one virtual portfolio. 14. The method of claim 13, wherein the at least one report is a historical report on portfolio stratification, volatility, market timing, and a company's G _{S / E} or G _{E / S} ratio. Method. 15. The method of claim 14, wherein the report comprises a) individual investor portfolio rankings for a) at least one actual and virtual market and b) at least one other individual investor. . 16. At least one of said at least one individual investor virtual portfolio is a) free and / or b) at least one on a pay applicant basis.
14. The method of claim 13, wherein one other is made available. 17. The information comprising a ranking of individual investor performance is posted to a website, the website including at least one bulletin board where individual investors may make postings regarding the market. The method described in. 18. The bulletin board posts are sortable by at least one of a) a posting author, b) a ranking of the posting author's private investor portfolio, c) an identified financial instrument, and d) a market sector. The method according to claim 17. 19. The method of claim 18, wherein, on a paid membership subscription basis, an applicant is able to access at least one other model portfolio virtual transaction and bulletin board post of another individual investor. 20. The method of claim 1, wherein the investor community is on the scale of about 1000 or more. 21. The method of claim 20, wherein: a) the trusted third party has i) registered investment advisors; and ii.
) At least one of the registered brokers / handlers: and b) At least some of the individual investor transactions are real transactions reported to have been executed by the trusted third party. 22. The method of claim 21, wherein the step of tracking by the trusted third party comprises processing the transaction and calculating the personal iTAV / NAV on a regular basis. 23. The method of claim 22, including electronic communication between the individual and the trusted third party. 24. The method of claim 23, wherein the communication is accomplished via the internet so that it may approximate real-time operation. 25. The method of claim 24, comprising providing an analytical report to the individual investor with at least one portfolio. 26. The report of claim 2, wherein the at least one report is a report on portfolio stratification, volatility and market timing.
The method according to 5. 27. The volatility report comprises a) market and
27. The method of claim 26, including b) including a private investor portfolio for at least one other private investor. 28. Information about at least one of said portfolios comprises:
The method of claim 1, wherein the method is made available to others on at least one of :) free and b) a paid subscriber base. 29. Information comprising a ranking of individual investor performance is posted to a website, the website including at least one bulletin board that an individual investor may post regarding a market. The method described in. 30. On a pay subscription basis, an applicant may access at least one model portfolio transaction and bulletin board post of another individual investor,
The method of claim 28. 31. The claim wherein the bulletin board posts are sortable by at least one of a) a post author, b) a post investor's individual investor portfolio ranking, c) an identified financial instrument, and d) a market sector. Item 29. The method according to Item 29. 32. The individual investor competes with other investors for individual investor performance based rankings based on percent change in individual iTAV / NAV by unit value over at least one determined time period. The method according to claim 9, which is possible. 33. The method of claim 32, wherein the individual investor can vie for multiple model portfolio-based rankings. 34. The ranking may be a) a given period of time, b) a series of periods of time, c
34. The method of claim 33, wherein the best investor is determined in at least one of :) market sector and d) total performance. 35. The award is awarded to a given set of best investors.
The method according to 4. 36. The method of claim 32, wherein the information regarding competition is made available to others on at least one of a) free of charge and b) paid subscriber base. 37. The information consisting of the ranking of the performance of individual investors participating in the competition is a website, and the individual investors are a) market; b) virtual trading by individual investors; c) competition participants; 37. The method of claim 36, d) posted to the website, including at least one bulletin board capable of posting at least one of rankings. 38. The bulletin board post comprises a) a post author, b) a personal investor portfolio ranking of the post author, c) an identified financial instrument, and d.
38. The method of claim 37, which is sortable by at least one of the market sectors. 39. The method of claim 37, wherein, on a pay subscription basis, an applicant is accessible to at least one other model portfolio transaction and bulletin board post of another individual investor. 40. The method of claim 7, wherein the individual investor performance ranking is used in manager selection for an actual portfolio. 41. The method of claim 40, wherein a registered investment company is formed to buy and sell a share of funds consisting of actual financial instruments managed by the selected manager. 42. The report assists individual investors in establishing their relative strengths among various investment sectors in order to draw attention to their stock selection for actual portfolios. Item 41. The method according to Item 41. 43. A mutual fund, wherein the trusted third party can conduct transactions with a fund that provides the individual investor with an opportunity to improve the total investment performance.
43. The method of claim 42, providing a supermarket. 44. The method of claim 42, wherein the trusted third party provides access to other stock exchange brokerage companies that have a track record of being accepted by the individual investor. 45. The method of claim 44, wherein the securities firm pays the trusted third party for at least one of a) click charges and b) commission charges. 46. The method of claim 43, wherein the mutual fund pays a distribution fee to the trusted third party. 47. A method of creating a visitor base for an investment information services internet site, comprising the steps of: a) providing site visitors with at least one, rule-based, at least one virtual financial instrument. Providing a proficient valuation, including management over a given time period, in a virtual investment portfolio; i) said virtual financial instrument reflects the corresponding actual instrument available in at least one actual financial market B) qualifying site visitors applying for virtual investor portfolios as member investors and assigning at least one unique virtual portfolio identifier to each member portfolio; c) multiple members. A step of manipulating said assessment between, including: i) each individual Membered, was related to a particular member portfolio, at least 1
Assigning one iTAV / NAV; ii) enabling the member to trade virtual financial securities of the member's virtual portfolio through the site; iii) at least one of the actual virtual portfolios to which the virtual portfolio corresponds. Track the performance of the virtual portfolio as an analog of the actual securities performance in the market; iii) the individual member's portfolio performance as its iTAV / NAV at a given time interval. D) posting a result that is representative of the performance of each member's portfolio during the time period on a web page accessible to the member and at least one email to the member; and e). Compare results of portfolio performance of multiple members to at least one visitor and member Periodically posting on the site for viewing by others, including. 48. The method of claim 47, wherein the iTAV / NAV are assigned on a unit value basis. 49. The method of claim 48, wherein the retail investor performance is based on a percent change in NAV per unit value over the selected time period. 50. The method of claim 48, wherein the iTAV / NAV is reported daily for each day the actual financial market is opened. 51. The method of claim 47, including: a) providing at least one bulletin board on the site for posting by at least one of said members and visitors; b) said. The steps that allow posts to be selectively sorted for viewing. 52. The method of claim 51, wherein the posts include at least one relative performance ranking of the selectively identified members and a selective sorting that allows sorting by at least one member and the member ranking. The method described. 53. The assessment comprises identifying a highly ranked given member in a given time period to act as a competition between members, which is the best investor. 53. The method of claim 52. 54. The method of claim 53, comprising awarding a prize to a given class of the highest ranked members. 55. The method of claim 51, comprising the steps of: a) subscribing a member to information relating to at least one portfolio performance of at least one other member, at least to said information. Enables the subscription to be selected from one, free, fee-based, or a combination of free and fee-based access. 56. The method of claim 55, wherein the applicant can select which member-related information to access based on member ranking. 57. The information accessible to the applicant includes information regarding at least one transaction and postings by an applicant.
The method described in. 58. The method of claim 47, comprising providing an analytical report to the members who have at least one portfolio. 59. The method of claim 58, wherein the at least one report is a report on portfolio tiering, volatility, market timing and performance of a company's G _{S / E} or G _{E / S} ratio. 60. A method of identifying a best investor manager, comprising the steps of: a) assigning a given total of investment funds to a plurality of candidate investment managers; b) giving financial instruments of a given group. Arranging for each candidate manager to invest up to the full amount of the funds allocated to the at least one portfolio of at least one financial instrument selected by the candidate from among the individuals of the stock for each said portfolio. Determining the net asset value (iTAV / NAV); c) performing the trading of the security as instructed by the candidate; d) the iTAV / for allocation in each portfolio at given intervals. Determining small changes in NAV; e) based on small changes in iTAV / NAV over a given time period Determining the ranking of performance within the portfolio; and f) managing at least one portfolio that has provided at least one candidate with a given level of positive increase in iTAV / NAV over a given period of time. Steps to identify as the best investor manager you have done. 61. The method of claim 60, wherein at least some communication regarding steps is performed electronically. 62. The method of claim 61, wherein the communication is enabled via the World Wide Web. 63. The method of claim 62, wherein communication is possible via the internet and email. 64. The fund is virtual, the portfolio securities are virtual analogues of real securities, the trades are virtual trades reflecting the real market of the real stock, and the trading period is 61. The method of claim 60, comprising a first round of at least one performance evaluation. 65. The method of claim 64, wherein: a) each having at least one portfolio with at least one positive NAV slight change for at least one of the selection periods greater than a given eligible value; Candidate managers may choose a second total of funds for further investment, at least in the second round of competition; and b) a given round before determining the best investor among the manager candidates. Operating a number of said competitions. 66. The method of claim 60, wherein the candidate manager performance is based on NAV percent change per unit value over the selected time period. 67. The method of claim 66, wherein the NAV is reported on a daily basis for each day that the actual financial market opens. 68. The method of claim 63, including: a) providing at least one bulletin board on an Internet site for posting by at least one of said candidate managers and site visitors. B) facilitating selective sorting of the posts for viewing. 69. The post includes at least one relative performance ranking of selected identified candidate managers, and the selection sort is at least 1.
69. The method of claim 68, enabling sorting by one candidate manager and candidate manager ranking. 70. Operated as a competition between multiple candidate managers, which comprises identifying a given number of highly ranked candidate managers of a given time period as the best investor. 69. The method described in 69. 71. The method of claim 68, comprising the steps of: a) at least one for at least one site visitor and candidate manager.
Access to information relating to at least one portfolio performance of another candidate manager of the person selected from access to said information by at least one, free, fee-based, or a combination of free and fee-based Steps to enable application. 72. The applicant can select which candidate manager related information to access based on the performance of the candidate manager.
The method according to 1. 73. The method of claim 72, wherein the applicant accessible information includes information regarding at least one transaction and a posting of a candidate manager who is an applicant. 74. The method of claim 68, comprising providing at least one of said candidate managers and said site visitors with at least one portfolio analysis report. 75. The method of claim 74, wherein the at least one report is a report on portfolio stratification, volatility, market timing and a company's G _{S / E} or G _{E / S} ratio performance. 76. The method of claim 65, wherein the fund is real money, the securities are real stock securities, and the trade is performed in a real market. 77. A method for improving the signal-to-noise ratio of an investment-oriented Internet meeting room, in which message author members post messages related to investment and / or markets, comprises the following steps: a) at least 1 Assigning one individual NAV to each said member author; b) determining a member author's performance ranking based on said individual NAV; c) at least each member author's associated with at least one identifier of said author. Listing at least one relative performance ranking of selected investments; d) allowing members to selectively sort through posts by at least one author and author ranking; and e) those performance rankings. Only for a given number of members, as determined by Ri, step to allow the messages posted. 78. The method of claim 77, wherein the member author ranking is based on relative percent change in individual NAV over at least one given time period. 79. A method for determining an investment style for an individual, comprising the steps of: a) selecting an investment period; b) listing securities returns over an investment period selected by security. C) sorting the portfolio by the returns generated by each security over the investment period; d) dividing the portfolio security into at least three groups by performance; e) determining the similarities within the top and bottom group investments. Steps to look for: f) focusing on future stock selection efforts for top group stock types; and g) de-emphasizing bottom group stock types. 80. Marketable securities consisting of portfolios (sec
The method of determining whether frequent trading of rites) supplements the portfolio performance consists of the following steps: a) splitting the securities transaction into sell and buy; b) for all buys. Performing the following analysis: i) comparing the trading price of each security at that trading date with the price of said security at a time after a given time; ii) the trading date and after the given time Calculating the average price change for a given period, defined as the period between and the time of; c) repeating step b) for all sells; d) average price change of buys, average of sells Comparing to a price change; and e) determining whether the trade for the given time period has improved portfolio returns based on whether the average buy price change exceeds the average sell price change. That step. 81. The method of claim 80, wherein the given time period is at least one of 30, 60, 90 days. 82. The method of claim 81, wherein the given time period is at least one of 30, 60, 90 days. 83. The method of claim 80, wherein the data from steps b) and c) is shown in a graphic format. 84. The method of claim 83, wherein the graphic format is selected from electronic data structures, visual electronic presentations and hardcopy presentations. 85. A method of generating an actionable and timely investment idea comprising the steps of: a) creating a plurality of investment portfolios of an Internet site for at least some individual investor members. The portfolio is selected from a model portfolio and an actual portfolio; b) the individual investor member managing transactions in the portfolio through a trusted independent third party; c) the trusted third Analyzing the performance of the portfolio by a person over a given period of time; e) performance information of at least some of the portfolios on the member accessible page of the site according to the performance information of the trusted third party. information,
Periodically posting; f) allowing site members to selectively apply for access to at least the performance information of some portfolios of other site members; and g) which member Steps to selectively choose whether you can apply for portfolio performance information. 86. 87. The post includes information about a member portfolio transaction and an applicant member's post, wherein the applicant has at least one access.
87. The method of claim 86, including selective sorting of information based on the applicant's selection from a menu of one sort mode and information type. 88. The method of claim 87, wherein the applicant's access to information is fee-based, and application fee revenue is shared by subscribing members with information selected by the application. 89. The method of claim 87, wherein the information comprises at least one portfolio and an analytical report for individual company stocks. 90. The method of claim 89, wherein the analytical report is selected from at least one portfolio stratification, volatility, market timing and company G _{S / E} ratio performance. 91. Selection information comprising being distributed to at least one of the subscribing members and the applying member in at least one mode selected from electronic data structures, visual electronic presentations and hardcopy. Claim 9
The method described in 0. 92. At least 1 for the inclusion of the stock in the portfolio
The method of evaluating one company consists of the following steps: a) selecting multiple quarterly investment periods, including the period in which the company performance is evaluated; b) selecting the company on at least the current quarterly basis. Collecting financial data, the financial data including sales and revenue figures within the quarter; c) such that the period between the end of the previous quarter and the end of the current quarter matches the investment period. Collecting corresponding sales and income figures from previous comparable quarters; d) determining percentage changes in sales and income, respectively, to determine sales and income growth in each said quarter; e ) income growth and sales _growth step to determine _{G S / E} or _{G E / S} ratio, the ratio of; and f) at least In minute basis, based on the size of the G _{S / E} or G _{E / S} ratio of the company, the step of the investment decision which has been selected. 93. An additional step of plotting G _{S / E} and G _{E / S} ratios on a graph where at least one of the ordinate and abscissa is income growth and the other is sales growth. 93. The method of claim 92. 94. The method of claim 93, wherein said company stock is one of a set of company stocks of a portfolio, which comprises the following additional steps: a) each company of said portfolio. Determining the G _{S / E} or G _{E / S} ratio of the stock; b) Determining the relative weight of each company stock in the portfolio in proportion to the market price of its allocation in the portfolio to the total value of the portfolio. thing. 95. The relative weight of each company stock in the portfolio represents the area on the graph, the size of the area, the market price of each company stock in the portfolio relative to the market price of all portfolio securities, GS / E and GE /
95. The method of claim 94, displayed as an S ratio bubble. 96. The method of claim 92, wherein: a) the G _{S / E} or G _{E / S} ratios of multiple companies are assessed; and b) the selection for portfolio inclusion is at least partially. Specifically, it is based on the magnitude of the relative G _{S / E} or G _{E / S} ratio. 97. The method of claim 95, comprising the additional step of tracking changes in size and position of the G _{S / E} or G _{E / S} ratio bubbles over time. 98. The method of claim 92, including the step of displaying said G _{S / E} or G _{E / S} ratio as a data set, said set being selected from a table and a graphic format. 99. The method of claim 94 including the step of displaying the G _{S / E} or G _{E / S} ratio as a data set, the set being selected from a table and a graphic format. 100. The method of claim 95, comprising displaying the G _{S / E} or G _{E / S} ratio as a data set, the set selected from a table and a graphic format. 101. The method of claim 97, comprising displaying the G _{S / E} or G _{E / S} ratio as a data set, the set being selected from a table and a graphic format. 102. Selection information from the dataset, an electronic data structure,
99. The method of claim 98, comprising delivering in at least one mode selected from visual electronic presentation and hardcopy. 103. Select information from the data set to an electronic data structure,
100. The method of claim 99, comprising delivering in at least one mode selected from visual electronic presentation and hardcopy. 104. Selection information from the dataset, an electronic data structure,
101. The method of claim 100, comprising delivering in at least one mode selected from visual electronic presentation and hardcopy. 105. Select information from the dataset to an electronic data structure,
102. The method of claim 101, comprising delivering in at least one mode selected from visual electronic presentation and hardcopy. 106. A method of evaluating at least one profit center of a company with sale and income verifiable to determine relative resource allocation within the company comprises the following steps: a. ) Selecting a multi-quarter investment period, including a period in which the corporate profit-centric performance is evaluated; b) at least current quarterly sales and revenues of the company's profit center within the selected quarter. Collecting financial data, including figures for: c) Equivalent previous quarter's company profits, such that the period between the end of the previous quarter and the end of this quarter matches the investment period. Collecting corresponding sales and income figures for the center; d) defining sales and income growth for each said quarter respectively. In order, sales and income determining step the percentage change in; e) income growth and sales growth, G S _{/ E} or step determining G _{E / S} ratio, the ratio of; in and f) at least partially, Making a selected resource allocation decision for the company based on the magnitude of the G _{S / E} or G _{E / S} ratio of the company's profit center. 107. An additional step of plotting the G _{S / E} or G _{E / S} ratio on a graph in which at least one of the ordinate and abscissa is income growth and the other is sales growth. 107. The method of claim 106. 108. The method of claim 107, wherein said company profit center is one of a set of company profit centers and comprises the following additional steps: a) a selected plurality of said companies. Determining the G _{S / E} or G _{E / S} ratio of the profit center of the company; b) the capital investment allocated to the profit center is the capital investment of another profit center selected by the company. Determining the relative weight of each of the selected profit centers of the company, which is proportional to 109. Each Profit Center capital investment selected is depicted as a region on a graph, wherein the region, G _{S / E} or G _{E / S} ratio bubble size, is selected by the company. 109. The method of claim 108, which represents the total percentage of profit centers of the. 110. The method of claim 108, wherein: a) all of the company's profit centers' G _{S / E} or G _{E / S} ratios are evaluated; and b) between profit centers. The choice for changing the resource allocation is made based at least in part on the magnitude of the relative G _{S / E} or G _{E / S} ratio of the profit centers. 111. The method of claim 109, comprising the additional step of tracking changes in the position and size of the G _{S / E} or G _{E / S} ratio bubbles over time. 112. The method of claim 106 including the step of displaying said G _{S / E} or G _{E / S} ratio as a data set, said set being selected from a table, a graphic format. 113. The method of claim 108 including the step of displaying the G _{S / E} or G _{E / S} ratio as a data set, the set being selected from a table, a graphic format. 114. The method of claim 109, comprising displaying the G _{S / E} or G _{E / S} ratio as a data set, the set being selected from a table, a graphic format. 115. The method of claim 111 including the step of dynamically displaying the G _{S / E} or G _{E / S} ratio as a data set, the set being selected from a table, a graphic format. Method. 116. The method of claim 112, comprising distributing selected information from the data set in at least one mode selected from electronic data structures, visual electronic presentation and hard copy. . 113. The method of claim 112, including releasing selection information from the dataset. 117. The method of claim 113, comprising distributing selected information from the data set in at least one mode selected from electronic data structures, visual electronic presentation and hardcopy. . 118. The method of claim 114, comprising distributing selected information from the data set in at least one mode selected from electronic data structures, visual electronic presentation and hard copy. . 119. The method of claim 115, comprising distributing selected information from the data set in at least one mode selected from electronic data structures, visual electronic presentation and hard copy. . 120. The displayable set of relevant financial performance data of at least one company profit center comprises: a) a plurality of quarters in which the at least one corporate profit-centric performance is evaluated. B) a first subset of selected quarterly financial data of the Company Profit Center. The data has been selected from capital, sales and income figures for the current quarter; c) A second subset of financial data for the company profit center for the selected quarter. The data includes capital, corresponding sales and income figures for the previous quarter selected such that the period between the end of the previous quarter and the end of the current quarter matches the investment period; d) a percentage change in capital, sales and income in each of the selected quarters as a determinant of capital, sales and income growth in each of the quarters respectively; and e) income and sales growth, G _{S / E.} Ratio, ratio of. 121. At least one of a tabular and a graphic address.
121. The data set of claim 120, comprising an address for display of the G _{S / E} or G _{E / S} ratio selected from two. 122. The data set of claim 121, wherein the data set includes data for a plurality of profit centers of at least one company, the data set including: a) all professionals. Area, G _{S / E} or G _{E / S} ratio bubble that represents the amount of capital invested in each profit center relative to the total capital invested in the fit center. 123. The data set of claim 121, wherein the corporate stock is one of a set of corporate stocks of a portfolio and the data set comprises: a) a portfolio. Region, G _{S / E} or G _{E / S} ratio bubble representing the market price of each stock in the portfolio, relative to the market price of all securities of 124. The data set of claim 122, comprising data representative of changes in G _{S / E} or G _{E / S} ratio bubbles over time. 125. The data set of claim 123, comprising data representative of changes in G _{S / E} or G _{E / S} ratio bubbles over time. 126. The method of claim 1, comprising providing at least some of said personal investor communications or reporting features selected from at least one of the following: a) an overall performance report; b) volatility reporting; c) stratified reporting; d) market timing reporting; e) G _{S / E} or G _{E / S} ratios in table, chart or graphic format; f) top investment performer analysis; g) investment Personal meeting room for exchange of ideas; h) Report of fund barometer; i) Report of transactions by top performing investors; j) Investment idea forum or bulletin board, sortable by ranking; k) Investors Investment ideas or comment forums or bulletin boards, sortable by: l) personal portfolio Tracking O; and, m) fundamentals analysis.