Self-Perfecting Model for Managing Individualized Investment Portfolios

Vasil Marchev
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Vasil Marchev: University of National and World Economy, Sofia, Bulgaria

Ikonomiceski i Sotsialni Alternativi, 2021, issue 4, 86-97

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.

Keywords: investments; risk; individualization; individualized portfolios; self-perfecting model; investment goals (search for similar items in EconPapers)
JEL-codes: C55 C81 G11 (search for similar items in EconPapers)
Date: 2021
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