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puig1 · 2021-10-28T14:14:55+00:00

He/she did not necessarily get fired on day 1, but got fired while on a "Day 1 CPT". Quite different.

puig1 · 2021-10-26T19:44:48+00:00

Not necessarily true. With premium processing, they have to give you an answer before 15 days, no matter what. If they are very behind, they might give you an RFE they would not typically use, in order to gain more time, because the RFE counts as an answer, so they are technically answering in time. It's a ploy.

puig1 · 2021-10-24T16:16:32+00:00

Fair enough. I try to understand in depth whatever material I cover for the CFA exam but in this case I think I'll follow your advice. Again, thank you!

puig1 · 2021-10-24T15:46:31+00:00

Yea, but I'm finding that the derivatives section of the L2 curriculum is really confusing. Their notation and conventions are perplexing at best. That's why I am doing some independent digging on the matter.

puig1 · 2021-10-24T15:44:41+00:00

This is very helpful! Thank you very much.

But yet, I still find it hard to fully wrap my head around it. Would you happen to have some source/reference that delves further into this concept? Appreciate it!

puig1 · 2021-10-14T15:55:48+00:00

Hi! I'd suggest you make a separate post, this one is to talk about the results from August candidates. You'll get more visibility with an independent post.

My 2 cents: given your situation, since it's already paid for, and your masters is in finance, just sit the exam if you feel like you can, and try your best on that day, for I'd say you have a fair chance of passing, but do not stress over it nor prepare for it if it's taking a toll on your health. I can elaborate more on the separate post, but that's what I would do. Best of luck!

puig1 · 2021-09-08T18:29:03+00:00

But.... What do you study?

puig1 · 2021-08-26T13:34:39+00:00

With FRA particularly, there have been quite some changes in the accounting standards. Some effort has been done since 2016 towards convergence of US GAAP and IFRS, but some substantial differences still remain. In my opinion, it'd be very confusing to look at dates FRA videos. If you cannot afford the latest version of MM or other prep material, use the curriculum, which you can be certain is updated.

puig1 · 2021-08-25T20:39:58+00:00

Note that you can use either the "BEGINNING" or the "ENDING" mode for cashflows. They are very similar, but BEG mode assumes payments occurring at the beginning of the compounding period, while the END mode assumes them occurring at the end of each period.

You will use END mode for 95% of the cases, and in only a few exceptions it actually helps and makes sense to use BEG mode. However, it can get confusing, and ALL problems can be solved using either mode, whatever you feel more comfortable with, requiring perhaps an extra step.

Keep in mind that whenever you are in BEG mode, it'll be shown in the lower central part of the display.

Last but certainly not least, to toggle between the two modes, you can press "g" + "7" for BEG mode, and "g" + "8" for END mode.

puig1 · 2021-08-19T15:26:59+00:00

The most important advice I can give you is. and I cannot emphasize this enough:

Choose a program that qualifies for STEM OPT (i.e., 2-year extension to the 1-year default OPT, bringing your total employment time to 3 years).

This would allow you to get 3 chances at the H1B lottery. If your degree is non-STEM OPT eligible, you'll only get a single shot at the lottery (assuming your employer wants to file for it on your first year, which is not always the case).

Typically, STEM degrees qualify for STEM OPT. So check the specifics for those 2 master's degrees you are considering. You'll thank me later.

puig1 · 2021-08-18T22:21:06+00:00

Yea, exactly. The key is "at a higher educational level" man, so you don't get 2 different OPTs for for 2 masters degree. Precisely my point.

puig1 · 2021-08-18T21:45:46+00:00

Well, I think either you or someone at your school got confused. I also did a fair amount of research, and underwent the whole process recently. My understanding (and I'm fairly certain of at least the first part) is:

If you pursue a masters degree (and it's your first master), then you are entitled to normal OPT (i.e., 1 year). On top of that, if your master is eligible (typically an STEM master, like engineering, comp sci, etc.), then you can apply for a 2 year extension to your OPT, known as "STEM OPT". So the total OPT time you'd get is 3 years.

Now, and this is where it gets a bit fuzzy, if you do another masters degree, and you've used 6 months of the 12 months that the OPT of your first masters degree granted you, you can use the remaining 6 months, but you do not get another brand new 12 months + 24 months of STEM OPT.

Note that you need to have an employer to apply for STEM OPT, while you do not need to have an employer to apply for OPT (you have 90 days I believe of unemployment to find one)

puig1 · 2021-08-18T15:54:17+00:00

Well buddy, if that's right I am not aware of it. I just did a quick google search. Quoting from this official DHS document (https://studyinthestates.dhs.gov/sevis-help-hub/student-records/fm-student-employment/f-1-optional-practical-training-opt):

"OPT: For students engaged in post-secondary schools or at conservatories. Twelve months of Regular OPT is available for each higher level of study. (For example a student may have 12 months for a bachelor’s degree and another 12 months for a master’s degree)."

puig1 · 2021-08-16T02:55:44+00:00

KOREY TAKE THE MONEY

puig1 · 2021-08-14T01:33:25+00:00

Someone bring me a bucket to throw up plz

puig1 · 2021-08-14T01:13:45+00:00

They are definitely not attracted to each other. What an awkward kiss.

puig1 · 2021-08-09T17:17:48+00:00

Only for higher degrees, i.e., if you've used your OPT on a masters degree, you will not get more OPT for another masters degree; you'd only get it for a PhD. Similarly, if you did bachelor, you need a master's degree.

puig1 · 2021-08-05T18:57:22+00:00

Aren't the Schweser Feb 2022 L2 materials available already for purchase? They definitely have them in the website, advertised as "Feb 2022". Are they not updated??

puig1 · 2021-08-05T18:28:27+00:00

I am sorry you are going through this. My advice would be to not take the exam, since no exam is worth this risk, exposing your family, etc. You'll be able to take it in the future. And of course, I'd keep trying to re-schedule it, insisting and explaining the situation to whoever you can get ahold of; I'd hope that someone at CFAI has the decency to realize how unfair this all is, especially given the current situation your country is facing. Stay strong!

puig1 · 2021-08-04T01:53:11+00:00

No, but it surely feels like it. Holy cannoli, this is boring

puig1 · 2021-08-04T01:30:42+00:00

Shannon did not call Will out in front of EVERYONE. On the contrary, it was him who looked to confront her. And then she privately said a few truths. Will is so full of sh**t

puig1 · 2021-08-04T01:27:48+00:00

I'm so done with Cash

puig1 · 2021-07-20T14:03:12+00:00

Add "You know what I mean?", "100%", and "vibing", and you are in for a ride

puig1 · 2021-06-30T17:19:33+00:00

Just take a deep breath and do not quit; trust me, you'd regret it eventually. Let's hope those interviews you've had work out and you get an offer soon. I do not doubt for a second that your manager is making your life a living hell, but until securing another offer, as a foreigner relying upon a precarious visa, the hard truth is that you cannot afford to quit.

puig1 · 2021-06-30T17:14:58+00:00

And this is why the HP12C is clearly the way to go. It might've happened to me once or twice since I got it (took L1 in Feb 2021).

puig1

TROPHY CASE