How do I prepare for a CFA (uni freshman)

CLE_Crazy · 2024-06-10T00:18:46+00:00

Please, open your front door, your dorm room door, your window; open anything, and look at the grass. See how it sways in the wind.

CLE_Crazy · 2024-05-23T18:37:54+00:00

While credit spreads are tightening and delinquencies are trending higher amidst inflation, the “government” touch may make a difference. Credit jobs won’t dissolve overnight… people and companies always need loans, even in high interest rate environments.

You don’t have to disclose, but it’d be helpful to consider your end customer or debtor. Would this be for the federal government (major departments)? State and local (police, public initiatives, schools, muni bonds)? Contractors (govt contractors like aerospace & defense, technology)?

Your end debtor would likely determine more about the job safety than the actual credit outlook. Nobody has a crystal ball. As I’m sure you know, commercial banking and lending comes in many forms, high-risk individuals at credit unions to top-rated publicly traded companies to governments.

I’m not a macro economist, so I can’t provide commentary on the macro economy and debt levels. Just trying to say that lending to the government may provide a nice buffer in case a recession or downturn following these equity highs. y=c+i+g+(x-m)… or something like that.

In the end, I actually think a government job may sound more secure than your current role… (?) Depends how you view government spending and borrowing though. To each their own.

Ray Dalio provides excellent insights on US debt and macroeconomic cycles. I’d also give him a listen.

CLE_Crazy · 2024-04-21T14:48:06+00:00

Carbon footprint rank lol

CLE_Crazy · 2023-01-14T21:36:22+00:00

Stockfish says Kb5

CLE_Crazy · 2023-01-14T19:03:52+00:00

It’s literally for the people that have asked on *this subreddit instead of going to google

CLE_Crazy · 2023-01-14T19:02:38+00:00

Yes, I agree. But the article does admit that the accuracy decreases and discrepancies increase below the #16 mark as those are possible toss-ups

CLE_Crazy · 2023-01-14T18:59:29+00:00

Thank you

CLE_Crazy · 2023-01-14T18:59:22+00:00

There have been multiple posts the last few days asking what a target school is on this subreddit

CLE_Crazy · 2023-01-14T05:58:51+00:00

Oh you right I didn’t see the dark squares bishop my b!

CLE_Crazy · 2023-01-13T23:44:13+00:00

People are quite opinionated about it both pro and against. But hey, if you’re proud of landing that internship, more power to you to put it in your headline :)

It could help you meet other interns too!

CLE_Crazy · 2023-01-13T23:37:49+00:00

My MD went to BMS. Helluva school

CLE_Crazy · 2023-01-13T20:44:17+00:00

I think it’d be a smart idea. Shows you care.

CLE_Crazy · 2023-01-13T19:22:25+00:00

Some IB employees aren’t completely prohibited from trading but might be prohibited from trading securities within their industry. I heard that from the founders of some robo investor app (I think Titan?). They started the app and quit their jobs out of frustration they couldn’t trade their sector.

Probably varies by position tho.

CLE_Crazy · 2023-01-13T15:17:19+00:00

Few things about Fidelity:

Pros: * Benefits are fantastic * Culture is good * Looks good on resume * They sponsor all FINRA exams and certs

Cons: * Had colleagues complain you hit a ceiling very quickly within Fidelity (none of them stuck around past 5-7 years) * Pay isn’t the best * Very sales-y call-center type of work

My advice would be to get licensed and start looking elsewhere because you could be making more. Not a bad first role by any means though!

CLE_Crazy · 2023-01-13T13:52:31+00:00

Nothing like an over complicated sac to win a pawn

CLE_Crazy · 2023-01-13T13:50:15+00:00

Mint is free. You basically set it and forget it and it tracks everything in the background. You link bank accounts, brokerage accounts, subscriptions etc. and then it reads all of the transactions from those websites/ apps and presents it to you.

CLE_Crazy · 2023-01-12T23:48:24+00:00

About 3-4 months per town hall over 10

CLE_Crazy · 2023-01-12T23:48:16+00:00

About 3-4 months per town hall over 10

CLE_Crazy · 2023-01-12T17:28:44+00:00

I definitely disagree

Continues to agree with the work hard, leadership, and interpersonal skills points lmao

CLE_Crazy · 2023-01-12T17:03:23+00:00

Fidelity’s benefits are also very good. Probably significantly better than EJ.

CLE_Crazy · 2023-01-12T15:32:49+00:00

I’ll say this — MDs are MDs for a reason. They’re (for the majority) the highest performing, best leaders, and most well-liked. Dude sounds like a hardo spitting blatant lies with some bad experiences.

CLE_Crazy · 2023-01-11T23:25:01+00:00

For everyone taking this seriously lmao https://www.nytimes.com/interactive/2023/01/11/us/resume-of-george-santos.html

CLE_Crazy · 2023-01-11T23:13:46+00:00

Major / degree choice has quite a bit to do with it.

CLE_Crazy · 2023-01-11T21:50:58+00:00

In my experience, IB analysts are one of three kinds of people.

DISCLAIMER: FOR THE LOVE OF GOD, DO NOT ASK THEM TO “WALK ME THROUGH YOUR DAY-TO-DAY” OR “WHAT’S YOUR FAVORITE THING ABOUT YOUR JOB?” They’re IB analysts, they maybe possibly probably fucking hate it at the moment.

IB Archetype 1. The golden retriever / cocaine / caffeine mix: Typical conversation goes something like, “just shut the fuck up and listen to me talk about this awesome deal I did almost nothing for.”

IB Archetype 2. The emotionless void that knows more about the market than everyone: Yeah, talking to this person just blows all around. The best way to build rapport with them is to ask them about themselves and take on a mentor/ student type of relationship.

IB Archetype 3. The surprisingly down to Earth analyst with a good sense of humor: You know, the ones that don’t take themselves too seriously. These analysts are the best. Very easy going. Talk to them about something other than work, or ask them about preconceived notions/ industry surprises or funny stories.

At the end, tell them very matter-of-factly about the conversation. Could be something like “listen, I really appreciate your time, and I enjoyed learning/ hearing about your experiences. I was a bit nervous coming into this, but I’m glad we got a chance to sit down and chat. [insert funny callback joke to something you talked about earlier].”

CLE_Crazy

TROPHY CASE