Tag Archives: CFA

What makes CFA a cutting-edge certification in finance?

This is an important standard as I have found there a bunch of ‘advisors’ who they think they know everything about financial management. This person has a portfolio which is reached 7 digits. When you look at the jokers out there claiming they know how to manage people’s portfolio, it is a complete disaster. I randomly picked various stocks and ETFs that literally did not move since the beginning of the year. You should compare this to the performance of S&P 500 up 8.8% year to date alone. This customer’s profile was also charged 1% management fee as an insult as well. Seriously? WTF!

https://www.quora.com/What-makes-CFA-a-cutting-edge-certification-in-finance

So what do you do? CFAs can help distinguish these loser from the winners as a minimal standard. Non CFA fools who cannot pass the three exams will weakly say these advisors are still managed by the local government. Here in Ontario Canada, I know stock brokers who got busted by inappropriately pumping and dumping investors capital which went into his pocket. Was this stock broker scum busted? Yes but he got simple slap on the wrist and was back at scamming more people at another broker six months later. This is how weak these local regulators are which have no teeth. This really annoys me as you can tell. Seriously, look for a CFA as a minimum standard when looking for a financial advisor. This would also include a tax expert as well.

Other highlights which are true from the above article includes:

  1. The material is constantly updated so as trends emerge, emphasis can be added to certain areas and as certain topics fade, they can be de-emphasized. So in that sense I guess you can say it is cutting edge.
  2. It is a globally recognized standard, so anyone with this  designation, no matter where they achieved it can be considered a true expert in the field of investments and finance.
  3. It is extremely difficult to achieve, so anyone passing all three exams and having the qualifying work experience to achieve the charter signals to a potential employer that they are very smart and very driven. It is sort of a shortcut for employers, as long as you are a good cultural fit, you can very likely do the job.

The other folks commenting negatively are most likely those who are weak who failed in the CFA exam process.

I am no CFA but what can I do

As for me, the latest round of system testing seems to meet my minimal standards. I expressed this in a video below about this. Now I will focus on building a tool which can shut down the system once either the daily/session trading goals are achieved or panic alert button. Find that article here which was posted yesterday:

https://quantlabs.net/blog/2018/09/insider-pro-lessons-learned-crypto-algo-trading-sep-17/

Thanks Bryan

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

From CFA: Global Body of Investment Knowledge

From CFA: Global Body of Investment Knowledge

Would anyone read this to be hooked to pursue CFA

http://www.cfainstitute.org/about/Documents/final_revised_gbik.pdf

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Does this list of 11 reasons for a CFA lead to better banking and hedge fund jobs over an MBA?

Does this list of 11 reasons for a CFA lead to better banking and hedge fund jobs over an MBA?

Someone posted this on my Linked In group:

http://www.linkedin.com/groupAnswers?viewQuestionAndAnswers=&discussionID=245164663&gid=3427378&commentID=140910567&goback=.gmr_3427378&trk=NUS_DISC_Q-subject#commentID_140910567

11 Reasons Why It’s Better To Get A CFA Than An MBA

Some have said a lower CFA seems to go farther than an an MBA which is confusing. I know institutions like CFAs to move them into management so prepared for that.

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

An important set of facts about the CFA on levels I – III

I just stumbled upon here while searching for something totally different, but I’ll throw in my two cents on this topic (trust me, i’m an expert):

CFA is most useful for analysts (e.g., buy side and sell side analysts).  As for traders – it depends on the type of trader. It wouldn’t be as useful for a trader of a purely quantitative strategy (HFT/stat arb / quant equity); yet it may be useful for a relative value arb trader hoping to manage his own fund. The CFA designation is important mostly to outsiders (investors, clients, etc.), although it does help the general promotion potential of anyone in the industry without a graduate degree.  Whether you seek the designation or not, however, I would strongly suggest learning most of the material anyway – at least to the equivalent of level 1 (or level 2 if you trade derivatives or fixed income). If you don’t, you’ll be at a disadvantage (as a trader or a quant).  Just for reference, the depth of material in level 1 is roughly equivalent to what is covered in an undergrad Finance program or an MBA with a Finance concentration; level 2 coverage is comparable to a MSF (MS in Finance); and level 3 is a broad coverage of portfolio management.
I think there may be old exams floating around somewhere – take one and see how you do.

 

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Is the CFA helpful for a career in trading or mainly just for one in corporate finance? I appreciate your opinions and experience

Is the CFA helpful for a career in trading or mainly just for one in corporate finance? I appreciate your opinions and experience

 

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I’ll take a stab since no one else is: while I don’t have a CFA, many people in the industry have taken one, partly to help with a post-trading career, as well as to gain broader insight into the financial marketplace and the products they are interested in trading.

The main thing you get from the CFA which is directly applicable is a rigorous understanding of the financial aspects of the various instruments and their inter-relationships. One cannot trade these markets intelligently without that understanding. You will learn about virtually every financial product under the sun, and while you won’t ever trade 95% of them, it is valuable to have that appreciation for their place in the scheme of things nonetheless. Basically, you’ll learn more than you need to know, but that’s always better than the opposite condition.

So it may not be the ideal way to prepare for trading, but it will certainly help in many ways, and will additionally have other benefits outside of trading. I hear that Level 1 is tough and Level 2 is even more difficult. Pass that and Level 3 should be a relative breeze. Best of luck.

 

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sHave you looked at the Certificate in Quantitative Finance (CQF)?
I ask as i see a lot of discussions what is best to get MBA, CFA, or CQF

There is a LinkedIn group you may want to ask in there, they should be able to provide more useful information

http://www.linkedin.com/groups/Certificate-in-Quantitative-Finance-CQF-738597

Here for more details

www.cqf.com
or
http://www.wilmott.com/cqf.cfm

 

 

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Quant opinion: Is this true Investment Bankers don’t like PHD, CFA, FRM etc?

Quant opinion: Is this true Investment Bankers don’t like PHD, CFA, FRM etc?

Comment below once you read this?

http://www.mergersandinquisitions.com/stuff-investment-bankers-dont-like-cfa-activities-advanced-degrees/

It just says that your network is most important to find a decent job in banking.

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Global economy, Expert Predictions, Jim Rogers, CFA Conference Edinburgh

Global economy, Expert Predictions, Jim Rogers, CFA Conference Edinburgh

Many countries have been relying on exports for economic growth,but the perils of relying on exports is evidenced by Japan. The manufacturing sector is efficient (global) but service industry is a mess. Can you name any Japanese consulting firms? Service industry is so inefficient there’s a barber (yes, haircuts) cartel to keep prices up. Read more – use link.

Global economy, Expert Predictions, Jim Rogers, CFA Conference… maverickinvestors.com

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!