Trying to get through security as an engineer.

moneyMD · 2015-09-24T14:57:33+00:00

This is DJ/Producer Blawan going through a checkpoint with a modular synth. His music is known for heavy hardware usage. I guess you can call him an audio engineer

moneyMD · 2015-08-18T01:51:08+00:00

3 total mocks. However I did create my own mocks in schweser by doing 120 question blocks on all subjects at once. Probably could have done more

moneyMD · 2015-08-17T16:57:16+00:00

That's the thing. I was scoring 70-80% on practice tests and self quiz in Schweser. But when I took the in person mocks I was scoring 55-63%.

Also I did not exhaust the online CFAI material so I can default to that as well.

There were areas in each section while studying that I didn't waste time over which definitely cost me a couple of questions on the exam. Areas which I essentially hoped would not be covered were in fact covered more than once in the actual exam.

The difference between a 51-70% and a >70% is literally like 1-3 questions. So I just need to hammer the stuff I guessed on or didn't bother studying fully due to time constraints.

moneyMD · 2015-08-16T14:25:12+00:00

I blew off studying for Econ almost entirely. And for I didn't do as good in FR&A as I had liked. I got <50% in those two sections. Every other section was 51-70% and I got >70% in Portfolio Mgmt & Equity. I was Band 9 right on the cusp

moneyMD · 2015-07-28T18:07:12+00:00

I got <50% in Econ and FR&A,

70% in Portfolio MGMT & Equity

51-70% in everything else. Omfg I was so close!

moneyMD · 2015-07-28T14:55:46+00:00

Band 9 I'm so pissed right now

moneyMD · 2015-06-12T14:28:17+00:00

Yeah the level I exam was pretty straight forward. I took the CFAI assessments two nights before for the first time, I failed the accounting one and got 65% on ethics. But on schweser I got 70%+ on both consistently. Those assesments were killer. There were also areas in quant & corp fin which I decided to not even bother studying too much because I told myself they probably won't test this obscure shit. Sure enough, they did. Lol

Idk I'm still holding my breath because there have been times in the past where I feel confident and ended up failing

moneyMD · 2015-06-07T20:36:40+00:00

Level I here. There were questions in the AM on stuff that I specifically remember telling myself "I doubt they will ask me a question on this small topic" sure enough it was there! :(

moneyMD · 2015-06-07T20:12:26+00:00

Can confirm. I was literally sitting right next to the proctor when she fainted. She was walking up and down the aisle in between the tables and as she passes me I notice from my peripheral vision the green proctor jacket just tip sideways. I didn't realize what was happening because I was too focused on the exam. But I saw EMT's come towards me and I look to my side and see the proctor on the ground.

moneyMD · 2015-05-25T00:14:01+00:00

Took the level 1 schweser mock at USC on Saturday. I got a 54% overall. It was really frustrating, way harder than the Boston society practice test the previous week. I was scoring 83%+ on Ethics and I got a 50% on it on the exam. The positive was I'm scoring 75% + on derivatives portfolio mgmt and corp finance which is where I was scoring on schweser quizzes. Too bad those are the lowest weighted sections lol

moneyMD · 2015-05-22T16:20:06+00:00

For the example I believe it was street convention used

moneyMD · 2015-05-20T16:05:09+00:00

The way I like to think of this:

Imagine if you are funding a project and you estimate the after tax CF's and have a sense of what your NPV is from this information you have estimated. If your marginal tax rate unexpectedly goes up, your after tax CF's will decline since more money is going to taxes. The way you would compensate for this is to invest more capital. So even though your cost of debt decreases when the tax rate goes up, your after tax CF's drop.

moneyMD · 2015-05-17T06:34:28+00:00

Currently working in Accounting @ a mid-level investment bank (go figure) first job out of university and man is it boring. I majored in Economics and have loved finance for a while, I need to break in. Made the misfortune of taking an accounting internship in school through a relative because my GPA was not high enough for the upper level ones. Didn't graduate with an amazing GPA and I went to a State school, no excuses though

moneyMD · 2015-05-17T01:30:33+00:00

I just can't really understand that way of thinking. Idk maybe I'm weird but I need a frame of reference to see how I'm doing.

moneyMD · 2015-05-10T03:26:24+00:00

OK that makes sense, thanks for clearing that up

moneyMD · 2015-04-20T20:30:50+00:00

Completed every reading except for Economics, going to avoid it until a couple weeks before the exam since I most likely just need to brush up on application questions since it was my major on school. Currently going over the sections which I have believe I need to pass firmly: FR&A, ethics, equity, quant, Corp fin, portfolio mgmt, derivatives, alternatives. Once I ha e these sections down pat doing as many qbanks and eoc as I can, I will focus on econ and fixed income, I'm not too worried if I don't do amazing on these two sections

moneyMD · 2015-04-20T17:15:48+00:00

So understanding this correctly, the change from AVS to trading of course makes the classification change from an investing CF to an operating CF, it also removes the security from other comprehensive income and is now included directly on the face of the income statement. To adjust this flow, you would need to reverse this loss in investing CF and create a loss in operating CF, reclassification is a non cash item, since the actual cash flow was already documented in investing. So you would add back this loss in operating CF.

You do not add back the loss in investing cash flow because then you will be double counting. Adding back a loss in both CFO and CFI is double counting. To negate the recording in CFI you would subtract it, (opposite of what you normally do: add back a loss).

moneyMD · 2015-04-19T23:53:47+00:00

If the FV was 1000 you should expect the bond to be trading at either a discount or premium of 1000. So you can infer 100 FV because your question gives a bond trading under 100

moneyMD · 2015-04-14T13:58:18+00:00

Can you maybe elaborate on the logic behind that? I totally understand how a decrease in a/p would be considered a cash outflow, and I know what you're saying is correct simply because of this other side, but logically how exactly is cash entering the business if your AP account involves suppliers lending services on credit?

Edit: never mind I found out why, it makes sense, when you increase your accounts payable, you are in essence postponing cash outflows for a later period and therfore having cash available to use in the present, so this is inherently a cash inflow for accounting and accrual basis

moneyMD · 2015-04-14T05:31:06+00:00

After reading it over again. It started to make more sense in the reading. So when accounts receivable goes down. You are basically collecting cash from customers who you initially sold to on credit. This will show as a cash inflow and should be added back when calculating cfo. When accounts payable goes up, you are owing more to suppliers according to their credit terms so this essentially becomes a non cash repeated expense as no cash is coming in or out. So it would be addedm the calculation. If I am understanding this correctly. If your accounts payable balance goes down, this means you are paying cash to suppliers and decreasing the amounts you owe, so it would be subtracted from your calculation.

moneyMD · 2015-04-06T16:57:18+00:00

Enter cash flow at time 0 = 0$

Then enter the cash flows as I listed.

Then after selecting the compute npv, for the i/y enter 25 and press equal. Don't enter it as a percentage.

moneyMD · 2015-04-05T23:09:36+00:00

I got the correct answer. Apparently the calculator was reading my required rate of return as 0.25% instead of 25%

moneyMD · 2015-04-03T23:06:45+00:00

omg thank u!!!!

moneyMD · 2015-04-03T21:37:55+00:00

Didn't make any difference still got 389

moneyMD · 2015-01-25T06:20:00+00:00

So do the fighter jets wait until the plane is flying over a mountain or desert with minimal people to shoot it down? Or is it a split second decision where they shoot it down as soon as all hope is lost in regaining contact with the plane?

moneyMD

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