QBank Relevance?
Thoughts on the relevance of Qbank relative to earlier levels given that half of L3 isn’t Multiple Choice? Would appreciate any feedback.
View ArticleHuman Capital & The Demand for Life Insurance
“The demand for life insurance will increase if human capital is bond-like.” Can someone explain the reasoning behind this?
View ArticleWhen to study ethics and GIPS?
So following the trend of my prior CFA exams and comments on here, I skipped these sections on my first pass through. When is a good time to come back to them? I’m thinking of cracking them open this...
View ArticleA quick question on asset allocation
Hi,While I was solving the example questions on the curriculum book on asset allocation, I noticed there was a discrepancy in the approaches to solving the mean-variance analysis. For one example, I...
View ArticleNeed Audio format of scheweser videos.
Hi ,Need to get , audio format (MP3 etc) of scheweser videos.Is that possible, please tell me how. Urgently Required.If i have to buy from somewhere , please let me know that too. ThanksKabira
View ArticleSAMURAI - Properties of a Valid Benchmark
Schweser uses this SAMURAI term to help remember the properties of a valid benchmark, with the second A referring to Accountability. However, CFAI doesn’t use SAMURAI, and in place of Accountability,...
View ArticleDurations Explained.
The use of the concept of Duration appears to be context dependent in this program. Here’s what I *think* duration means:Effective Duration: Change in bond price for 100 bp change in underlying...
View ArticleLEVEL 3 STUDY GROUP SCOTLAND
Dear all,Anyone willing to team up for studying/practicing/revising level 3 material before exams. We can meet up once a week or fortnightly.ThanksJayerjes
View ArticleCalibrating portfolio beta/duration with futures
Hi guys,I have a question regaring the adjustments to the portfolio beta. I have not found the original formula in the CFAI books, from which the number of the contracts formula is derived, but from...
View ArticleAdditional Resources For Currency Risk Mgmt?
Hi all,I recently watched the Schweser videos on options and found them to be really helpful in conceptualizing the concepts rather than memorizing formulas. I would REALLY like to watch similar...
View ArticleAdditional Resources For Currency Risk Mgmt?
Hi all,I recently watched the Schweser videos on options and found them to be really helpful in conceptualizing the concepts rather than memorizing formulas. I would REALLY like to watch similar...
View ArticleHow to get through GIPS without banging your head on the desk??
What are the key points? Seems there are a lot of empty words. Is reading this section a value-add??
View ArticleVacation Days
Using vacation days to study - anyone considering/doing this? Since I can’t get away from the office at a decent time and really can’t function w/less than 6 hrs of sleep on a regular basis, I’m...
View ArticleTaking an Exam to another country
I would like to ask if you have an idea if my chance of passing is affected if I take the exam in New York instead of my home country?
View ArticleEthics rabbit holes: Fair Dealing
I know that you must not give preferential treatment to discretionary clients over non-discretionary clients. For fee paying clients vs clients that are non-fee paying (or even “free” clients) - is...
View ArticleEthics Rabbit holes: Fair Dealing (p. 2)
I am confused about pro rata allocations for block trades or just pro rata allocations in general - I know there have been posts but cannot quickly find an answer.To me, pro rata allocation means that...
View ArticleCFA Book 2 Reading 11 Questions 8 and 9 (p.265-266, solution p.270)
Hi, I can’t get the same numbers as in the solutions of Q 8 and 9 (page 270).Q8: solution 1,000,000 [ ((1+0.0471)^15) x (1-0.0318) + 0.0318] = 1,926,776but i got 1,926,823.114 – > anybody gets the...
View ArticleReturn calculation: Template?
Guys, Is there any template for calculating returns for individual and institutional investors? Despite spending substantial time and efforts, having difficulty in getting that part correct.
View ArticleMTOC
Formula for MTOC : (CP - BP)/ BP X shares not purchased/ shares ordered.On Page 59 Solution to Question 5 ( Volume 6) of CFAI uses Shares not purchased only as opposed to shares not purchased/...
View ArticleInstitutional portfolio mgt - Banks?
The text discusses one approach to managing a bank portfolio that entails forecasting interest rates and adjusting the portfolio duration below the liability duration. This is to realize an economic...
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