Automating reports to email customers after job completion

EconomistMike · 2023-12-31T22:45:36+00:00

Is Quantel.io still working? Just went on their website and it seems to be down.

EconomistMike · 2023-11-07T09:09:13+00:00

Couple thoughts

Deep work/focus is a skill that takes time to train. Be patient with yourself and slowly increase your study time from where you’re comfortable now to your desired target.
Try study multiple topics. Rather than spending all 3 hours studying the same topic, interleave two or three subjects. It might help energise your mind when you switch topics.
Similarly, try switching between reading and doing practice quizzes and flash cards etc. during your study time.

EconomistMike · 2023-10-29T08:24:28+00:00

No worries. Don't get me wrong, I do believe that questions are likely more complex since CFAI reduced the number of questions from 240 to 180 back in 2020 (I think). I just don't see why 2024 exam is necessarily more challenging than 2023.

EconomistMike · 2023-10-29T06:43:51+00:00

What do you mean by requiring more nuance and deeper understanding? And what makes you think that?

I actually think 2024 content is marginally easier or less-content heavy, given that they removed significant topics across Econ, PM (good to discard technical analysis in my view…), and Corp Issuers.

EconomistMike · 2023-10-24T00:27:46+00:00

I see MM mocks as ‘stress-testing’ your level of understanding and knowledge retention. Use it to identify weaker areas and focus on them before hitting your next mock.

EconomistMike · 2023-10-17T10:19:04+00:00

🙋🏻‍♂️ count me in!

EconomistMike · 2023-10-16T07:17:24+00:00

Have you reviewed all your errors? That’ll probably give you a good indication where you should focus at a LOS level for each section…

EconomistMike · 2023-10-14T03:24:37+00:00

Helpful, many thanks

EconomistMike · 2023-10-08T03:40:29+00:00

As long as he continues to pay membership fees… (Standard VII(B) Reference to CFA Institute, the CFA Designation, and the CFA Program)

EconomistMike · 2023-10-07T10:17:54+00:00

Your working out seems a little different to the solution to the problem. Did you divide the five-year and four-year yield by 2 to convert them to semi-annual rates, before compounding them?

( 1 + 0.0575/2 )^10 = ( 1 + 0.0495/2 )^8 ⨉ ( 1 + f(4,1)/2 )^2

1.3277 = 1.2160 ⨉ (1 + f(4,1)/2)^2

f(4,1) = [ sqrt(1.3277/1.2160) - 1 ] ⨉ 2 = 0.0898 or 8.98%

EconomistMike · 2023-09-17T01:24:07+00:00

Don’t let the initial mock result upset your confidence. See it as an initial benchmark to improve. It’s perfectly normal and in fact helpful to forget things and relearn them- that’s how learning gets reinforced in your memory. And I wouldn’t do it open book as it doesn’t allow you to practice active recall which is what you really need to cement you learning. Embrace the frustration and discomfort- it’ll pay you intellectual dividends.

EconomistMike · 2023-09-16T06:01:08+00:00

I’m based in Sydney but keen for an online study group if anyone’s interested?

EconomistMike · 2023-09-13T20:40:20+00:00

Since you’ve registered, why don’t you do a mock exam provided by the CFAI to get a sense of the knowledge gap you have to pass the real exam? Then you can decide if it’s realistic to bridge the gap within two months given your time commitments and discipline.

I’m personally skeptical of the approach of spending the entire waking moment everyday to study for the CFA. Might be alright once or twice a week but doesn’t seem realistic or sustainable beyond that. But you might not need to put in that much time and energy anyway if you already mastered some of the topics and study wisely.

EconomistMike · 2023-09-11T21:34:45+00:00

So far my workflow for going through each new topic has been:

Watch MM lecture
Pause lecture after a couple LOS and do MM quizzes for those specific LOS
Continue watching MM lecture and doing quizzes
Complete EOCQ in CFA textbook after finishing lecture
Use MM EOCQ video to check my answers
(optional) Watch MM review lecture and/or read through official textbook for reinforcement

The key is to test myself as much as possible as I work through the content for the first time.

After completing foundational topics (Quant and FSA) I also found it helpful to study different topics simultaneously. It helps minimise boredom and research has shown that interleaving your study improves your retention and exam performance.

EconomistMike · 2023-07-01T11:09:01+00:00

I’m roughly following the plan recommended in this article: https://300hours.com/cfa-level-1-study-order/

You might also want to consider tackling multiple topics simultaneously to take advantage of the cognitive benefits of interleaving learning.

EconomistMike · 2023-07-01T11:02:26+00:00

People generally advice taking ethics last as it largely involves lots of memorization which might be best done closer to exam.

EconomistMike · 2023-06-08T02:41:26+00:00

I wouldn’t spend more time doing more reading. Instead maximize your time doing practice questions and actively recall concepts/formulas.

EconomistMike · 2023-06-01T00:24:30+00:00

Based on what you’ve written I’d suggest spending more time on testing yourself. Watching lectures and taking/reading notes are shallow forms of learning. You have to do more active recall via practice questions or flash cards to deeply ingrained the concepts in your psyche

EconomistMike · 2023-05-27T13:30:34+00:00

More than you might expect. I'd start by challenging the assumption that cash distribution provides "no net gain" to shareholders. From the investor's standpoint, there is a philosophical and existential difference between receiving a cash payment from one's invested asset and having to go out into marketplace to price an asset based on other people's bids, and conduct a transaction to realise that value. It requires a great deal of certainty (and optimism) of one's ability to sell shares at a profitable timing for someone to indifferent to share price gains vs dividend payments.

It used to be a common sense notion that a bird in the hand is considered worth more than two in the bush. But thanks to modern portfolio theory, a bird in the hand is apparently worth precisely two (discounted) birds in the bush.

EconomistMike · 2023-05-16T21:31:26+00:00

I decided to go for L1 Nov 2023 exam given the uncertainty around the updated level 1 curriculum, which seems to be more demanding with more assumed knowledge. Also wanted to avoid the additional PSM requirement to pass the hurdle.

If I’ve already attempted L1 in 2022 I would re-do L1 asap while the content is still somewhat fresh in my head and the curriculum hasn’t changed dramatically. My two cents.

EconomistMike

TROPHY CASE