scarebaer

scarebaer

Forum Replies Created

Viewing 12 posts - 1 through 12 (of 12 total)
  • Author
    Posts
  • Avatar of scarebaerscarebaer
    Participant
      • CFA Level 2
      Up
      4
      ::

      @Pahtsan  I recommend kaplan. PM me if you think you are going to go that route, the Q bank is a good source to see your retention. I can give you 15% off of a code i have. Makes the essentials package come out to around $550 with shipping. Personally I’m a big notecard guy. I study note cards physically and have quizlet on my phone to run through them when I am out and about.  Below I included a breakdown of my study and what I intend on scoring based on weighting and ease of points. I started with quant and then went to FA because I need to review those the most, seeing as I use note cards I wanted to give myself the most opportunities to review that material. I personally have the following breakdown: 

      Section  Focus Area Focus Area Rational  Weights Questions Target Score Contribution to Total Score
        Calc Calc Calc
      Ethics Yes High points/low time commitment  15%                  36 85% 13%
      Quantitative
      Methods
      Yes High points 12%                  29 85% 10%
      Economics Yes High points/not too difficult 10%                  24 85% 9%
      Financial
      Reporting and Analysis
      Yes High points/very low time
      commitment
      20%                  48 85% 17%
      Corporate
      Finance
      No Low points/pretty easy  7%                  17 50% 4%
      Equity
      Investments
      Yes High points 10%                  24 85% 9%
      Fixed
      Income
      Yes High points 10%                  24 85% 9%
      Derivatives No Hard material/low points  5%                  12 50% 3%
      Alternative
      Investments
      No Low points/pretty easy  4%                  10 50% 2%
      Portfolio
      Management
      No Low points/moderate difficulty 7%                  17 50% 4%
      Total     100% 240 n/a 77%

      Edit. The table doesn’t format. PM me you want the excel lol

      in reply to: MAD versus STD Dev #83394
      Avatar of scarebaerscarebaer
      Participant
        • CFA Level 2
        Up
        4
        ::

        Thank you for the article @Stuj79

        Avatar of scarebaerscarebaer
        Participant
          • CFA Level 2
          Up
          4
          ::

          lol 

          Avatar of scarebaerscarebaer
          Participant
            • CFA Level 2
            Up
            3
            ::

            hedge funds have more strategies avail – there are a bijillion mutual funds with strategies that range from money market, debt, options, equities etc etc. most hedge funds are built on one strategy at any given point in time. 

            Hedge funds charge management fees. yes they do, most charge a 2 in 20. 2% of money and 20% of profits. But so do mutual funds. 

            Hedge funds are less liquid. this is absolutely true. Most MF are traded on the open market, or can be liquidated in a day. Hedge funds typically state you can’t take your money out for a period of time (industry std 1 year) 

            Now having said all of that, I actually don’t know what the answer is. I refer to least typically a difference meaning not a difference. Since A is true and C is false, I guess B is the answer given that they both DO charge management fees. Even though I did put A without carefully reading the question

            Avatar of scarebaerscarebaer
            Participant
              • CFA Level 2
              Up
              3
              ::

              So A – L = E. The “asset-based” approach is described as the fair market value of the company. Or more logically – What it would cost to recreate the business. So in this case $112 – 86m = 26m. Answer B 

              Avatar of scarebaerscarebaer
              Participant
                • CFA Level 2
                Up
                3
                ::

                I work the same schedule. My advice is to not leave work. I know for a fact i am less efficient at home. I literally leave work as soon as I can, go straight to the library and don’t let myself leave until 3 hrs has passed. It is a lot better than going home and seeing the old xbox sitting there….I also do notecards as a I fall asleep. Not only does it help you fall asleep but theoretically it helps you remember it better. 

                Avatar of scarebaerscarebaer
                Participant
                  • CFA Level 2
                  Up
                  2
                  ::

                  Did i post this in the wrong section or is too early? :S 

                  Avatar of scarebaerscarebaer
                  Participant
                    • CFA Level 2
                    Up
                    2
                    ::

                    Thanks, i’ll start posting questions i run into. 

                    Avatar of scarebaerscarebaer
                    Participant
                      • CFA Level 2
                      Up
                      2
                      ::

                      For sure calculator running out of batteries. It’s not like they are AA either. 

                      Avatar of scarebaerscarebaer
                      Participant
                        • CFA Level 2
                        Up
                        1
                        ::

                        Yeah @Rukks i sent you a PM with my email. Let’s do it. 

                        Avatar of scarebaerscarebaer
                        Participant
                          • CFA Level 2
                          Up
                          0
                          ::

                          I personally think this questions i poorly asked. But nevertheless my logic follows. 

                          First off we can throw out answer C after reading the question. If an option has a shorter time to maturity, it inherently has less “time” premium to it. (you can also think of this as the greek theta towards expiration. IE theta increases the less time there is to exp. Less chance to finishing in the money.)

                          Now all else equal, stock price, strike ETC. Let’s give an example.

                          Stock = $10 The straddle of the 10 strike is worth $1 and the C and P are worth the same value (not taking into account Div or Int in this example).  If we change the exercise price, or essentially our strike price to 11 holding the price of the stock, vol time to ex the same. What is reflective of the value of the Put and the call now at a higher ex price? Well Let’s just say our put is now worth 1.10 ($1 ITM and .10 time premium). And our call is worth .10. Therefore holding all else equal the Inc in strike price the value of the put is increased while the call is decreased. 

                          Side note 1. If we say our Put is worth 1.10 how do we know the call is worth .10? Put-call parity. IE Value of a call = P + Stockprice – strike price – (divs – int) . IE x = 1.10 + 10 – 10 – 0. = .10

                          P = call + strike – stock + (divs – int)

                          Side note 2 The value of Am vs euro options. Am > Euro given the right to early ex for Int and Divs. 

                          Source: work as options trader 

                          in reply to: Schweser QBank #83605
                          Avatar of scarebaerscarebaer
                          Participant
                            • CFA Level 2
                            Up
                            0
                            ::

                            Try montcfa1 at checkout might give u 15% off. But i use qbank and have been doing kaplan for the june exam. Def better to have all those questions than just he end of chapter ones. 

                          Viewing 12 posts - 1 through 12 (of 12 total)