Investing Software Idea: Ranking Income Stocks
I want this software for myself. Also I think it could be a really lucrative business.
1. Idea
The software takes all available stocks and ranks in them in order of best to worst for providing income. Aka dividends aka distributions.
2. What is the ranking criteria
Percentage based algorithm.
- Dividend yield - This takes into account the share price and dividend.
- Dividend Amount - larger is better.
- Length of time dividend has been paid.
- How often is the dividend paid? Yearly, quarterly, monthly, weekly
- Stock price volatility
3. Ranks are constantly changed based on the new dividend information that is provided
Stocks are constantly announcing and paying dividends so the rankings would change with new data
4. The software is hooked into Nasdaq or Bloomberg for the latest stock information.
5. Connect your brokerage to see how your portfolio stacks up to the top rankings.
6. Calculator to see how much you could earn from investing in the top 10 stocks
7. On a regular set date the software could rebalance your portfolio for the new top 10 25 - what ever number you want
Individual price and then an enterprise price for unlimited user accounts.
8. Possible charge for access per user
Individual price and then an enterprise price for unlimited user accounts.
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