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in reply to: Do you invest your own assets? #85566Up::4
I have an approach that I adopted from a previous job, looking for potential targets for acquisition. Worked alright for me so far, just about beating the market, although past performance is not an indicator of future performance! 😁
in reply to: Money-Weighted Rate of Return #85609in reply to: Has CFA helped your career? #85519Up::3I think it helps me, and probably most other candidates, in a very simple but not very obvious way.
Before the CFA exams, my weekends were less focused – sitting in bed watching movies, deciding what to do and where to go for the weekends, etc. With the CFA exams, my weekends are now just focused on improving myself by increasing my financial knowledge.
I think a lot of people focus on whether CFA ‘helps your career’ or whether it gets you a job. Obviously I would love all those benefits, but I think there is also an important hidden point. It helps simply by focusing your spare time on self-improvement at a time where I need that focus! No matter what the outcome, I don’t think it will be time wasted.
in reply to: Schweser or default CFA Institute material? #85542Up::3The CFAI website is fine in my experience. I think what you experienced was probably a one-off.
The CFAI materials are good and you shouldn’t skip them!
in reply to: Money-Weighted Rate of Return #85588Up::3I tried it in CF mode and got 5.41%. Not sure what I’m doing wrong…
CF0 = -56.3
C01 = 0
F01 = 10
C02 = -9.8
F02 = 1
C03 = 0
F03 = 19
C04 = 69.6
CPT IRR = 0.1757% (per day)
IRR (30 days) = (1.001757)^30 = 5.4%
Up::3Being devils advocate, what if the method itself would allow you to predict what investments some large institutions would eventually make? Would that be insider information or mosaic theory?The insider information being that you know that some large institutions use these methods to guide their investment strategy, that is.That’s actually a very good point, that the insider information itself might not be regarding the investments, but the market movers and the methods they use.
Would that be considered material non-public information? I had a close look at Standard II(A) Material Nonpublic Information but couldn’t really conclude.
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