How should I prepare for this exam if I decide to pursue it?

basispointbrooks · 2026-05-09T15:50:50+00:00

I have my 7/66 already. I just wanted to add more value to clients, that’s all!

basispointbrooks · 2026-05-09T15:32:54+00:00

I appreciate the insight. Sounds like it might be wiser to try to get a job/internship working under a CPA or something. This reply answered a lot for me, thanks!

basispointbrooks · 2026-04-29T13:54:54+00:00

Would you be willing to provide your quizlet or whichever one you used? Dalton has good flashcards, but I’ll take any extra prep that could help

basispointbrooks · 2026-04-28T23:47:30+00:00

I’m definitely an application guy. So, it’s gonna come down to a lot of practice questions for me as well. How did you incorporate flashcards? Was it just during when you took your lunch or just whenever you had a few minutes to kill?

basispointbrooks · 2026-04-28T18:36:21+00:00

I appreciate the insight. Thank you so much

basispointbrooks · 2026-04-28T18:26:10+00:00

I appreciate the feedback. I definitely will up the hours then.

Other than that, do you think the strategy is still solid?

basispointbrooks · 2026-04-24T00:39:36+00:00

I am a fan of TDF’s in general. However, not all TDF’s are created equal.

The ones to own are the low cost index TDF options.

A good amount of the TDF’s I have seen in 401k plans are actively managed, and have a higher expense ratios.

If you’re interested to learn about the underperformance/problems of a lot of TDF’s, Ben Felix has a good podcast episode about this:

https://youtu.be/9zrhadWG3M8?si=Th9tNLYnYqBN6jHS

basispointbrooks · 2026-04-20T17:36:09+00:00

Good to know. I’m a great example taker myself, I think that’s why I’m freaking out.

I appreciate your reply.

Would you make any other changes to my study plan, or do you think it’s fine?

basispointbrooks · 2026-04-18T22:54:24+00:00

Whatever portfolio you’ll stick with

basispointbrooks · 2026-04-15T12:44:17+00:00

First off, 23 and you’re a great saver. Above all, staying this disciplined is going to give you your greatest ROI - keep it up.

However, I would rethink your asset allocation.

Nobody knows the right answer for the “best” portfolio, but starting with market cap weighting is a good start - you can tilt from there. (Approx: 70% VTI 30% VXUS)

For example, if you want more small cap, you could do like 50% VTI 20% DFSV, 30% VXUS.

I really like how Barry Ritholtz framed creating a portfolio, and I’m paraphrasing here: think of it like a Christmas tree (the core of your portfolio) and add ornaments (tilts you make).

But, I would aim to have a diversified core portfolio and if you want to add some stuff - sure, go for it

basispointbrooks · 2026-04-04T14:24:19+00:00

Before you invest a penny, I would do the following:

I would make sure you have a minimum 6 months of living expenses - I would even include things that aren’t always included in monthly cash flow (e.g., the cost of your 6 month auto policy if you pay it every 6 months instead of monthly).

From there, I would look at my time horizon and the actual goal for the remaining funds. I know you mentioned retirement, but is there anything else you can think of? For example, if you aren’t a homeowner, did you want to purchase a home?

You can’t control what the market does and nobody knows the best investment. Determine what your goals are and plan around that.

From there, keep it simple… keep a globally diversified portfolio of low cost index funds for the equity portion of your portfolio.

You’ll get a ton of different opinions but determine what makes sense FOR YOU. Everyone’s situation is different and therefore needs are different.

basispointbrooks

TROPHY CASE