SquirrelSave launches investment goal for the young

Continuing innovation for social impact, SquirrelSave is now facilitating parents who want to teach their children about the virtues of long-term saving with an eye on the risks involved — with the launch of KidSave and Squirrel Treehouse.
 
 
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SINGAPORE - Oct. 10, 2019 - PRLog -- SquirrelSave (www.squirrelsave.com.sg) — a fully AI-driven digital investment manager regulated by the Monetary Authority of Singapore — launches new services for the young
• "KidSave" — Global Investment Goals
• "Squirrel Treehouse" — Financial Literacy

KidSave
With KidSave, parents can now set up a financial goal for each child below 18 years of age in SquirrelSave. Parents can decide the risk setting for the KidSave goal or simply use the Squirrel Risk Profiler — a gamified algorithm that assesses the player's underlying risk-reward behaviour through the sequence of decisions made in a game with penalties and rewards.

With a longer time horizon to smooth out market volatility, investment risk can be better managed. A child has a relatively longer time horizon than an adult. Yet, few children have a diversified global investment goal. It's made possible with KidSave by the application of machine learning AI.

SquirrelSave's machine learning AI focuses on risk management. SquirrelSave tracks and manages the asset allocation of the global investment portfolio to stay in line with the risk profile set for the goal. At SquirrelSave, no investment knowledge or any decision is required. Simply set the risk profile and our AI will design and manage a personalised globally diversified investment portfolio in real-time. And one can get a global investment portfolio even for just one dollar! This is a good entry for small investors, even for children – with supervision from parents.

Squirrel Treehouse
Squirrel Treehouse is a tool for parents to introduce money and talk about financial basics such as saving, spending and sharing. SquirrelSave offers interactive activity stories that allow financial concepts and values to be discussed by the family.

The first installment of Squirrel Treehouse features three themes based on the antics of the Acorn Squirrel Family character set comprising Mama, Dada, Sasa, Momo and Gigi. The three themes in Squirrel Treehouse at launch are:
• Counting Money
• Needs Versus Wants
• Saving, Spending, Sharing

"I hope that KidSave and Squirrel Treehouse will not only facilitate early and long-term saving habits but will also teach children about the concepts of investment risks and returns. Most of all, we hope that parents and children can spend time together and bond," said Victor Lye.

About SquirrelSave
SquirrelSave is the consumer brand of PIVOT Fintech Pte. Ltd. (www.pivotfintech.com). SquirrelSave uses machine learning AI to predict risks and returns based on the Markowitz Nobel Prize-winning Modern Portfolio Theory.

Media Contact
Theresia Marten
theresia.marten@pivotfintech.com
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Tags:Investment
Industry:Finance
Location:Singapore - Singapore - Singapore
Subject:Features
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Page Updated Last on: Oct 21, 2019



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