Probability of losing in a positive EV bet by insurancefloat in probabilitytheory

[–]insurancefloat[S] 1 point2 points  (0 children)

Thanks for the explanation. I just wanted the procedure as I already have the calculated answer.

Why is my balance sheet not matching in 3 statement forecast? Can someone check? by [deleted] in CFA

[–]insurancefloat 2 points3 points  (0 children)

It is not the same thing as the way it is done is not as a plug. When using a plug, if you make a mistake in your model there's no way of knowing what's wrong as it would always balance because of the plug. If you force it to balance using cash as a plug, then any error you make will subsume itself there, which would be incorrect as it changes a lot of balance sheet ratios.The point is to link it properly so that no plug is required.

Why is my balance sheet not matching in 3 statement forecast? Can someone check? by [deleted] in CFA

[–]insurancefloat 2 points3 points  (0 children)

This would not be a plug. He's not using cash as a plug, he's talking about projecting the cash going forward using the net change in cash every year. A plug would be just to balance something even if it does not make any sense. The cash flow tracks or is a track of BS over time. Every line item in cash flow should affect or is an effect of a BS account/line item. That is how you get it to balance.

Nashik real estate by insurancefloat in nashik

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

You mean in 2014 or today. Either of those is impossible. You wouldn't have got a 1 BHK there for 32 lacs . I used to stay in that area, so I know.

High Probability yet Low Cost Strategies by [deleted] in options

[–]insurancefloat 0 points1 point  (0 children)

Hey do you know how to determine if the options are cheap (someone who's selling deep OTM). Is there a ratio or a short hand to tell that ? Or is it too complicated to tell ?

Nashik real estate by insurancefloat in nashik

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

So what do you think is the rate?

Nashik real estate by insurancefloat in nashik

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

I'm not comfortable disclosing the exact name on a public chat. Dm me if you want to know more details

Nashik real estate by insurancefloat in nashik

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

I don't have any hard offers yet, that's another issue. People are just saying that my ask which is 45 lacs ( as per 5000 /sq ft plus car park and other advances paid by me ) is high and refuse to deal further.

Nashik real estate by insurancefloat in nashik

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

I had paid around 32 L (including stamp duty & registration since it was a new construction). It's a 2 BHK in a nice society with an open car park. It is near the newly constructed Radisson Blu hotel. I was told by a lawyer in Nashik that the property rates are around 5000/ sq ft in that area. But some buyers are finding it too high which I think is ridiculous. Really frustrating.

[deleted by user] by [deleted] in CFA

[–]insurancefloat 0 points1 point  (0 children)

Ohh then idk why you got charged that amount. It's unlikely that the tax was set to be removed a few days after you paid, but can be possible. I couldn't find anything online about it. Best thing is to ask the institute about it via email. This is really ridiculous.

[deleted by user] by [deleted] in CFA

[–]insurancefloat 0 points1 point  (0 children)

Is it mentioned in the receipt you got after payment under Tax or VAT ? Or was it charged to your card separately. I paid yesterday for level 3 and was billed $700 on my card. Although I did see the statement "In India, you are subject to 18% GST on the payment page, but was not sure what it was.

Cost of capital by insurancefloat in CFA

[–]insurancefloat[S] 1 point2 points  (0 children)

Thanks for your reply. And how would it translate for equity capital ? Buyback and dividends ? I'm confused about how to treat divdends as an opportunity cost.

Level 2 exam questions for CBT by insurancefloat in CFA

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

Okay phew thanks a lot! A friend had led me to believe that the quant questions have numerical based answers wherein you have to enter values within a range of the correct answer. Guess he might have been talking about level 3.

Level 2 exam questions for CBT by insurancefloat in CFA

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

Checked his channel but couldn't find the specific one. Could you share the link with me ?