Tampa Teen Develops Stock Market Algorithm
Investing in the stock market without help from a financial advisor can be intimidating, especially if you are risk-averse.
Eighteen-year-old Dhruv Krishnan hopes to provide an easy solution for anyone lacking the knowledge or time to figure out which stocks to buy. He has developed an algorithm that makes decisions for investors, taking into consideration their goals and risk tolerance.
Krishnan, a freshman studying computer science at Carnegie Mellon University, was inspired to create the algorithm because he wanted to help everyday people or organizations such as “charities, hospitals and nonprofits,” he told the Tampa Bay Times.
Testing his algorithm in a simulation of the 2012 market, he earned a whopping 138 percent return on his investments in one year. This past May, the Tampa Bay Business Hall of Fame selected Krishnan for its inaugural Future Hall of Famer Award. “He’s poised, put together, and confident, with good intentions for his work and the world,” Suzanne Costanza, executive director of the Florida Council on Economic Education, told the Times.
Krishnan, who is awaiting approval on his patent applications, hopes to pair his algorithm with a phone app or smart device. “When investing stock on your own, there’s a lot of risk involved. This is supposed to provide them with a strong foundation and less worry,” he said. “You’ll know your money is in good hands without any sort of mismanagement.”
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Compiled and partly written by Indian humorist MELVIN DURAI, author of the novel Bala Takes the Plunge.
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