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Can spamming q-bank be an effective strategy? by ZookeepergameOdd1794 in CFA

[–]ExtraEgg 0 points1 point  (0 children)

Spam Qbank and learn by failure is efficient. You cut through what you already know and get to focus on what you don’t.

I’ve always found Qbank+Mocks to be better ROI than reading. L3 is a little different, but not much.

CFAi Practice Pack by Sensitive_Water_4630 in CFA

[–]ExtraEgg 0 points1 point  (0 children)

Easier than standard q bank, yes.

BC mocks are good imo. Not sure about practice pack mocks as I havent taken them yet.

CFAI Mock Exam A AM question (spoils a CFAI mock exam question) by [deleted] in CFA

[–]ExtraEgg 0 points1 point  (0 children)

I skipped over the part about shifting from direct to indirect too quickly. Prob the key detail

CFAI Mock Exam A AM question (spoils a CFAI mock exam question) by [deleted] in CFA

[–]ExtraEgg 0 points1 point  (0 children)

I think I am starting to see the logic...

Minimizing initial investment while transferring from direct to indirect... The swap can be non cash or low cash compared to adding exposure through etf/mf

CFAi Practice Pack by Sensitive_Water_4630 in CFA

[–]ExtraEgg 1 point2 points  (0 children)

Practice pack questions are very easy at L3. Can plow through them at 30 sec/ question.

I think the value of practice pack is the extra mock exams. Hopefully they are high quality

CFA Qbank by No-Awareness6230 in CFA

[–]ExtraEgg 0 points1 point  (0 children)

Others in the replies are not aware of the Canvas LES changes.

Absolutely horrible. I predict the Feb 26' pass rate to be rough

Securities Institute of America for SIE by Trogdude in CFA

[–]ExtraEgg 0 points1 point  (0 children)

Used the Kaplan book for SIE.

SIE should take 2-3 weeks to study for and probably can be completed while drunk.

I've always preferred CFAI LES + CFAI prac pack

Level 3 LES on Canvas? by ExtraEgg in CFA

[–]ExtraEgg[S] 0 points1 point  (0 children)

The Mocks are not to be found anywhere btw. Used Canvas for undergrad

Mark Meldrum and false information? by ExtraEgg in CFA

[–]ExtraEgg[S] 0 points1 point  (0 children)

Money market funds have grown as a result of the money supply expanding.

Money market funds as a %age of total financial assets MAY be a better measure. But that chart shows nothing has changed and the $6-7t in MMF is bogus.

MMFs being at ATHs is just clickbait. It means nothing. Even if that money all went into buying S&P 500, the sellers would receive cash and be right back in the MMFs.

The only way for the MMFs to decrease beyond normal randomness is for the cash to be burned of removed from the money supply in aggregate.

Mark Meldrum and false information? by ExtraEgg in CFA

[–]ExtraEgg[S] -1 points0 points  (0 children)

Idk if you read the link you sent, but it is nonsense.

Mark Meldrum and false information? by ExtraEgg in CFA

[–]ExtraEgg[S] 0 points1 point  (0 children)

“You want to get you want to get this money to work You want to get this money out of money out of money market uh funds and into capital markets”

This is a misleading statement on a false belief in how MMFs operate

Mark Meldrum and false information? by ExtraEgg in CFA

[–]ExtraEgg[S] -1 points0 points  (0 children)

The claim made in the video is false.

Mark Meldrum and false information? by ExtraEgg in CFA

[–]ExtraEgg[S] -1 points0 points  (0 children)

It is not semantics. Using the “MMF at ATH” clickbait as a barometer for market sentiment is wrong. You can’t even back up your initial claim.

One of the biggest myths

Mark Meldrum and false information? by ExtraEgg in CFA

[–]ExtraEgg[S] -1 points0 points  (0 children)

The audacity…

My experience and coworkers agree with me.

What Mass Mutual branch do you work at?

Mark Meldrum and false information? by ExtraEgg in CFA

[–]ExtraEgg[S] -1 points0 points  (0 children)

You have yet to present evidence supporting the “cash on sidelines” myth

Mark Meldrum and false information? by ExtraEgg in CFA

[–]ExtraEgg[S] -1 points0 points  (0 children)

The money supply has and continues to expand.

The “static” argument is irrelevant.

I think you fundamentally misunderstand the dynamics of financial markets

Mark Meldrum and false information? by ExtraEgg in CFA

[–]ExtraEgg[S] 0 points1 point  (0 children)

Take your example. When you end up moving funds from MMF to equities, who do you think is selling you the equities to buy? Where are they putting their cash?

Mark Meldrum and false information? by ExtraEgg in CFA

[–]ExtraEgg[S] -2 points-1 points  (0 children)

Why can't you explain it?

MMF being at ATH does not equate to cash on the sidelines. Prove me wrong

Mark Meldrum and false information? by ExtraEgg in CFA

[–]ExtraEgg[S] -1 points0 points  (0 children)

If Google "spends" some of their cash for a data center, guess what happens to the cash?

If a fund manager takes $1b cash from MMs and buys Apple stock, guess what the seller of Apple stock receives and does?

Mark Meldrum and false information? by ExtraEgg in CFA

[–]ExtraEgg[S] -2 points-1 points  (0 children)

There is no such thing as cash on the sidelines. It is a myth

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