At the leading edge of fintech innovation, the company’s convenient new feature harnesses leading technology to empower clients to confidently invest in their financial futures
DENVER (Nov. 7, 2023) — Marygold & Co., a subsidiary of The Marygold Companies, Inc. [NYSE American: MGLD] and a full-service financial provider, today announced a proprietary new Investment Calculator feature within its all-in-one banking and financial services app to help clients determine how much money to invest each month to potentially reach their long-term savings goals.
“We’re always looking for new ways to help our clients simplify their financial lives,” said Nicholas Gerber, CEO at Marygold & Co. “That’s why we incorporated an investing tool that utilizes data analysis algorithms to take some of the guesswork out of setting monthly savings goals. The investment calculator provides investment insights that help customers answer questions like ‘How much should I save this month?’ and reach their financial goals efficiently and confidently.”
Combining information like historical asset returns, volatility and correlations, the Investment Calculator utilizes Monte Carlo simulation to help investors of all levels — from beginners to seasoned professionals — understand the potential range of outcomes for their investment. Each simulation runs multiple random scenarios considering nearly infinite factors, generating — with up to 90% confidence — personalized financial planning and investment strategies tailored to individual goals and risk tolerance.
The user-friendly Investment Calculator appears within Marygold & Co.’s Money Pools feature, where clients can create unlimited, customizable investment accounts with user-selected goals and time-based objectives. To gain a general idea of how much money to invest monthly, clients take the following steps:
- Create a new Money Pool account.
- Enter a savings goal.
- Select an end date.
- Select a recommended investment portfolio.
In addition to Investment Calculator and Money Pools, the Marygold & Co. app offers various convenient money management tools like PayAnyone®, which enables users to pay anyone within the U.S. through the app, regardless of whether they use the Marygold & Co. app. Marygold & Co. also offers a contactless Debit Mastercard™ that clients who prefer physical solutions can use worldwide wherever Mastercard is accepted.
The Marygold & Co. app is available for download in both Apple and Google app stores for iOS and Android devices.