Assuming informationally efficient, active and passive should net the same returns. However passive should be more cost-efficient, so passive should have the highest net returns.
...right?
I had a dream last night that it was results day, but mine was sent to someone else and he just wouldn't let me know, and the CFA Institute said 'there was nothing they could do'.
Most of my dream was me trying to email and phone this person trying…
erik_321 said:
Hi!
Also what are your thoughts on skipping/doing less effort on those topics where the weightings are low in the exam but the difficulty is hard. I think one of it was portfolio management? I plan to skip those when I ran out o…
Isn't the question a bit ambiguous when it asks 'which portfolio has performed better'? From a pure return basis Portfolio A has performed better, but under Jensen's alpha it might be different.
Gator10 said:
Will Shweser's essentials cover everything in the exam without me having to buy the CFA curriculum books from the CFA?
You get the CFA curriculum included with registration (e-version), so you don't need to buy it unless yo…
Anggi1025 said:
Hi All, I'm Anggi and totally overwhelm with CFA Level 1 materials! Even finding the Ask Question here is overwhelming me.
I plan to join the Dec 2018 exam, previously June 18, but as time goes by, so does my confidence.
I w…
HallowedBeThyCfa said:
This material is not beyond me. If I am to not pass again, I argue it is primarily because of my own anxiety and not knowledge based.
Based on what you've said, I'll go ahead and conclude that increasing your confid…
joy said:
Hi, I am L1 candidate for Dec 2017. Can i answer the MCQ portion with pen or should i use pencils?
TIA.
Definitely not with pen, bring pencils.
I had the same problem. In my case it was an account error, just call/email the vitalsource people and they'll correct it in a few days. If you're using the download software, also make sure you update it, otherwise they'll just ask you to update it…
Here you go:
Y = 4500/P + 625 + 87.5[(5821.43-Y)/28.57]
Y = 4500/P + 625 + 17829.02 - 3.06Y
4.06Y = 4500/P + 18454.02
Y = 1108.4/P + 4545.3
I know it's not exactly the answer you provided but given rounding error it's close enough.
flies away
ec_test said:
Hi there,
I can't speak from experience because I haven't taken the Level 3 exam yet (I just registered), but I personally like paper better. I ended up getting the CFAI paper books and I find them practical for situations where…
I'm not using CFA Institute - advice I've taken recommends using CFA Institute stuff in Level 3. However if anyone has an opinion on my approach please chip in!
I've been eyeing them as well - they do look good. But terribly expensive compared to self-study, and I'm not sure if the video format is 100% for me. I'm waiting to hear back if my company will pay for my fees, and if they agree, I'll be getting Le…
I had a nightmare last night trying to explain to everyone how I failed both L1 and L2 at the same time.
Here's to hoping my dreams have to predictive power...
Wanted to chip in - I followed the advice here but instead of giving up coffee I switched to decaf and switched back to the active stuff as needed. Can confirm that it definitely works - I can summon up a good, driven day at will!
Also in the news …
Is it essential to read up on all this or is the core material (CFA institute books or Schweser) enough? Appreciate the book recommendations but this thread is making me a bit unsure on what is needed and what is extra.
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