The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Nov. 16, 1999
Filed:
Jun. 03, 1996
Andrew Walter Crapo, Scotia, NY (US);
General Electric Company, Schenectady, NY (US);
Abstract
The present invention discloses a method and system for developing a time horizon based financial model for investing towards attaining at least one financial objective. Each financial objective is characterized by an event having a financial amount and a future time when the financial amount is expected to be needed. In the present invention, a time horizon is specified in accordance with the financial objectives. In addition, the time horizon is divided into a plurality of segments. An array of future expenses for each of the financial objectives is then provided. The array indicates recurring costs of a specified amount, frequency of the costs, and duration of the costs. A fraction of the future expenses accruing in each time horizon segment is then identified. An investment of a specified amount of money is then modeled during each of the time horizon segments for satisfying the future expenses. The amount of money invested may change as the time horizon changes from segment to segment. Next, an expected rate of return at each time horizon segment is then determined for the invested money. The expected rates of return change as the time horizon changes from segment to segment. The expected rates of return are then used to determine amounts of money to be saved for fulfilling each of the financial objectives. The amount of money saved may change as the time horizon changes from segment to segment.