Systems and methods for investment decision support

• US 20040215546A1
• Filed: 04/22/2004
• Published: 10/28/2004
• Est. Priority Date: 04/24/2003
• Status: Abandoned Application

• Current Assignee: CASHFLOW Technologies, Inc.
• Original Assignee: CASHFLOW Technologies, Inc., Quicksilver Software, Inc.
• Inventors: Nelson, Cory
• Application Number:
  US10/830,837
• Publication Number:
  US 20040215546A1
• Time in Patent Office: Days
• US Class Current: 705/36
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

A decision support computer system, according to various aspects of the present invention, is used by a plurality of users to learn principles of personal finance by competing. The system includes an engine for central processing; a network for communication between each user and the engine for central processing; an engine for identifying to a particular competition a subset of the plurality of users; an engine for modeling financial consequences of a respective series of decisions made by each user of the subset; a graphical user interface engine operative by each user for indicating a decision after associating values of an opportunity to portions of a financial statement; and an engine for recognizing a particular user of the subset as succeeding in the particular competition in response to determining that the particular user'"'"'s decisions result in the accumulation of recurring passive income exceeding recurring expenses. Engine functions may be combined to reduce the number of independent engine implementations.

Claims

1. A computer system, for permitting participation in a financial transaction, the system comprising:

means for presenting an opportunity to participate in the transaction, the opportunity comprising a plurality of values;

means for providing a financial statement that describes a financial position, the financial statement comprising a plurality of portions, the financial position comprising total periodic income, total periodic expenses, and net periodic cash flow;

means for receiving inputs from the user that specify each association of a plurality of associations, wherein each association associates a respective value of the opportunity with a respective portion of the financial statement;

means for updating the presentation of the financial statement in accordance with the plurality of associations; and

means for permitting participation in the transaction in accordance with accepting the plurality of associations.

2. A method, performed by a computer, for permitting participation in a financial transaction, the method comprising:

presenting an opportunity to participate in the transaction, the opportunity comprising a plurality of values;

providing a financial statement that describes a financial position, the financial statement comprising a plurality of portions, the financial position comprising total periodic income, total periodic expenses, and net periodic cash flow;

receiving inputs from the user that specify each association of a plurality of associations, wherein each association associates a respective value of the opportunity with a respective portion of the financial statement;

updating the presentation of the financial statement in accordance with the plurality of associations; and

permitting participation in the transaction in accordance with accepting the plurality of associations.

3. The method of claim 2 wherein accepting is performed with reference to generally accepted accounting practices.

4. The method of claim 2 wherein accepting is performed with reference to a financial strategy applicable to personal finance.

5. The method of claim 2 wherein updating comprises receiving input from the user requesting an update of a summary value of the financial statement.

6. The method of claim 2 wherein receiving inputs includes cooperating with a pointing device operated by the user wherein user operation comprises dragging beginning at the presentation of the value of the opportunity and dropping at the portion of the financial statement.

7. The method of claim 6 wherein cooperating with the pointing device further comprises presenting an animation comprising the value while dragging.

8. The method of claim 6 wherein each respective portion of the financial statement comprises a respective region of a presentation of the financial statement.

9. The method of claim 8 wherein the each respective region comprises a location visually associated with a legend.

10. The method of claim 2 wherein:

each portion of the financial statement comprises a respective location category;

each value of the opportunity comprises a set of at least one respective destination category; and

an association referring to a particular value and a particular portion is accepted when the respective location category of the particular portion of the financial statement is a member of the set of the particular value of the opportunity.

11. The method of claim 10 wherein each location category comprises first hierarchical categories.

12. The method of claim 11 wherein each destination category comprises second hierarchical categories.

13. The method of claim 12 wherein an association is accepted when the respective hierarchical categories do not completely match.

14. The method of claim 2 further comprising recognizing a transaction that brings about a change in financial position wherein total periodic passive income exceeds total periodic expenses.

15. A memory device comprising indicia of instructions for a computer to perform the method of claim 2.

16. A computer system comprising:

an output device for presenting information to a user, a presentation of the information comprising values;

an input device operative by the user to provide a signal; and

a processor coupled to the output device and to the input device for communicating with the user, wherein;

(1) the processor, in accordance with the signal, associates each value of the plurality of values with a type of value being of the set comprising periodic recurring passive income and periodic recurring expenses; and

(2) the processor provides guidance to the user in accordance with the associations, to encourage the user to classify the values according to a predefined classification or to accumulate periodic recurring passive income to exceed periodic recurring expenses.

17. The system of claim 16 wherein particular guidance is triggered by at least one of a portion of the presentation of information, a lapse of time prior completing an association, completing an association that is not consistent with the predefined classification, and completing an association that is consistent with the predefined classification.

18. A decision support computer system for use by a plurality of users to learn principles of personal finance by competing, the system comprising:

means for central processing coupled to a provided network for communication between each user and the means for central processing;

means for identifying to a particular competition a subset of the plurality of users;

means for modeling financial consequences of a respective series of decisions made by each user of the subset; and

graphical user interface means operative by each user for indicating a decision after associating values of an opportunity to portions of a financial statement; and

means for recognizing a particular user of the subset as succeeding in the particular competition in response to determining that the particular user'"'"'s decisions result in the accumulation of recurring passive income exceeding recurring expenses.