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Self-Perfecting Model for Managing Individualized Investment Portfolios

Author

Listed:
  • Vasil Marchev

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

Individualization is a process that adapts a ser vice or product to the needs of specific individuals. This process is a key element in recommender systems and is applied to establish innovative ser vices for technological solutions in the financial industry. For this purpose, a self-perfecting model for managing individualized investment portfolios is built, through which segmentation and evaluation of users are performed and for each of them a set of investment portfolios is recommended. This paper presents the process of recommending a portfolio of investment instruments, individualized according to the individual preferences of clients, methodology for its construction, and results of the approbation. Examples are shown of individualized portfolios, as well as a comparison of the main measures of the recommended portfolios in the respective clusters.

Suggested Citation

  • Vasil Marchev, 2021. "Self-Perfecting Model for Managing Individualized Investment Portfolios," Ikonomiceski i Sotsialni Alternativi, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 86-97, December.
    • Handle: RePEc:nwe:iisabg:y:2021:i:4:p:86-97
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    More about this item

    Keywords

    investments; risk; individualization; individualized portfolios; self-perfecting model; investment goals;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • C55 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Large Data Sets: Modeling and Analysis
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access

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