Indian American High School Student Simplifies Investing with New Algorithm
Many people don’t have the time or financial understanding to manage the stock market, so the algorithm makes it easier for them. It presents the possibility of investing a quantity according to a person’s goals and risk tolerance and then seeing that money increase.
FREMONT, CA: An Indian American high school student in Tampa, Florida, is well on his way to a great future, thanks to his invention of an algorithm that aids in wise investing. Dhruv Krishnan, 18, learned about the stock market from his grandfather, who began teaching him about the highs and lows of the market when he was just five years old.
“All I did then was read and play with action figures, but I would always hang out with my grandfather,” Krishnan told the Times. “And that was what he did in his spare time.”
With 9th and 10th grade, he spent late hours programming a stock market algorithm, which is a set of instructions that tells a computer how to perform a given task in the hopes of increasing return on investment for those left behind by the market, according to the report.
“Having a system that can produce money for you, essentially, gives you the power to help the community,” Krishnan said
Dhruv's invention forecasts stock market movements in various areas, including telecommunications, energy, and real estate. According to the report, he got a 138 percent return on investment for the year when he tested the program in a simulation of the 2012 market.
If all goes according to plan, his algorithm will work in tandem with a phone app and a smart device called Kirby, which will offer guidance and help. The phone app would serve as an automated investing service or provide estimates for an investor’s current stock portfolio. It might even generate an analysis report.
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