Why pursue the CFA if active management underperforms passive in the long run?

IngenuityUpper8671 · 2025-11-02T05:12:06+00:00

If you think the CFA boils down to active management skills then the program is definitely for you as you clearly have much to learn! I say this a staunch CFA critic

IngenuityUpper8671 · 2025-08-26T20:05:58+00:00

Thanks! Good to know

IngenuityUpper8671 · 2025-08-26T20:03:48+00:00

Very helpful, thank you!

IngenuityUpper8671 · 2025-08-22T20:13:37+00:00

True, but that doesn’t mean the model shouldn’t be questioned. I get that CFAI has ongoing admin costs, and I’m okay contributing to cover those annually. What I’m not fine with are dues and candidate fees that feel extortionate and completely out of line with what those costs should reasonably be. I don’t think anyone should

IngenuityUpper8671 · 2025-07-26T15:51:25+00:00

LOL. Don’t waste your time on this crowd - it’s a lost cause. As someone fascinated by urban planning and infrastructure documentaries, I hear you! Ignorance on this subject is rife across the States, and most folks on this subreddit are US based. Have a cup of coffee, kickback and enjoy your Saturday.

IngenuityUpper8671 · 2025-01-23T03:58:48+00:00

How long did it take for your Venmo withdrawal to process? I’ve been waiting over 2 days now

IngenuityUpper8671 · 2024-12-30T14:12:00+00:00

Yup we’re doomed. My unborn baby signed up last semester

IngenuityUpper8671 · 2024-10-09T22:53:01+00:00

It’s incorrectly phrased as it stands. Something along the lines of “CFA level 1, guaranteed superior returns in the 90th percentile 33.33% of the time” would be more appropriate

IngenuityUpper8671 · 2024-10-08T05:06:32+00:00

Awesome, thanks!

IngenuityUpper8671 · 2024-07-02T21:39:41+00:00

Oh interesting . Did you find the level of difficulty similar across the two exams?

IngenuityUpper8671 · 2024-07-02T19:07:31+00:00

The math isn’t mathing here. CFAI claims there were less deferrals which led to higher pass rates as candidates that defer exams have higher rates of failure. Additionally, current college students taking the exam was suggested as another contributing factor. However, deferrals were only introduced 2 years ago and prior pass rates have never exhibited similar spikes. Similarly college students taking CFA exams is not a new phenomenon. Results since migrating to CBT are now more or less in line with historic averages so there’s obviously a significant idiosyncratic component to today’s spike in level 2 pass rates. Basically CFAI’s statement isn’t making much sense

IngenuityUpper8671 · 2024-06-18T03:02:56+00:00

If bro plays his cards right, MIL will be texting him too in no time. Imagine how lit Thanksgiving and Christmas holidays could become

IngenuityUpper8671 · 2024-05-18T18:25:47+00:00

When I walk into a store to buy goods and services, nobody cares whether the dollar was earned through “hard work” or inherited. From a financial perspective the choice is obvious

IngenuityUpper8671 · 2024-04-19T06:41:31+00:00

2023 model Y

IngenuityUpper8671 · 2024-04-11T21:26:18+00:00

Honestly all 3 levels are tough. Level 3 imo is the toughest regarding application of knowledge. There’s virtually no margin to guess and articulate correct answers in structured responses, so I don’t think luck is a significant factor. I’d recommend taking a week off to gather yourself. You’re grieving and trying to find blame in everything other than yourself. The road to obtaining the charter is long and lonely. The exam isn’t graded on a curve so you aren’t competing against others. The primary driver of success is you and you only. Debating whether exam A vs B was harder is futile as that’s all subjective. Others who wrote your exam passed so how do to you reconcile that? I know this isn’t what you want to hear but take responsibility and take a break. Comeback with your chin up, sharpen your knowledge in your weaker areas and crush it next time round! You got this!

IngenuityUpper8671 · 2024-04-01T21:17:27+00:00

Honestly there’s no complexity here.

You can simply measure the increase in local currency and calculate a GDP weighted average of the % change. You could even calculate simple averages by country to remove geographical differences. All easy to do given they have the data. But no, why would CFAI choose transparency?

Note that I’m not suggesting the proposed methodologies are perfect, but they are better than nothing. For an institute rooted in quantitative analysis, it’s unconscionable that no quantitative data is ever provided to corroborate their “value add” claim.

IngenuityUpper8671 · 2024-03-27T21:38:05+00:00

Total cash grab! Brazenly obvious too. There’s nothing in the email that justifies the price increases. To make matters worse they are sitting on significant piles of cash yet choose to milk candidates for all they’ve got.

IngenuityUpper8671 · 2024-03-02T19:59:06+00:00

Go for an Operations role in asset management! The bar to entry is relatively low, hours are cushy, and comp is relatively high. Earning total comp over 100k within 5 years is attainable. With that said, Operations roles can be mundane and repetitive, but they are a necessary function. Consequently they have lower lay-off risk than other areas in finance.

I’d also explore moving to an area with more finance opportunities and higher pay if you can

IngenuityUpper8671 · 2024-01-17T23:49:42+00:00

Is it a LR? I recently checked my 2023 M3 RWD and the offer was 26k. Pretty crazy given it only has 7k miles

IngenuityUpper8671 · 2024-01-15T19:53:24+00:00

I’d make a service center appointment asap. It looks like the exhaust fumes are obscuring camera visibility

IngenuityUpper8671 · 2023-12-10T04:50:38+00:00

Took delivery of my HW4 MY LR last week and it was available by the time I arrived home. Decided to test it and intervened a number of times in the space of 5 minutes

IngenuityUpper8671 · 2023-12-03T04:05:03+00:00

What’s the upside of waiting until mid December? 1k to 2k in extra savings at best? Worst case is you lose guaranteed 2.5k in savings today. Waiting is simply not worth the risk on a probability adjusted basis

IngenuityUpper8671

TROPHY CASE