Importance

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Abstract

A method and apparatus enables an investor with a portfolio of securities to manage taxable events created by trading securities in the portfolio. A database stores information regarding securities purchased by the investor. A presentation and graphical display format directly linked to the system managing the portfolio of securities enables the investor easily to make a selection as to the shares to be sold for the desired cash and tax results. A graphical display interface provides the investor with a graph having at least two axes showing cash to be received on one axis, and the tax result on another axis, with the investor permitted to click on points that are available. In generating the graph, each point available for selection represents an intersection of a cash and tax result based on the investor's purchases and the current expected sales price for the securities. Once the investor selects his preferred outcome, the system notes those securities (by specific lot, price, date and other identifying means) that correspond to that outcome for sale. The graphical user interface and connection and linkage to a system for managing a portfolio of securities or some other record keeping, order handling and execution system resolves the problem of making complex and difficult determinations to achieve a cash/tax goal with a simple and single click of a mouse.

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First Claim