Guys, I just wanna wish all the very best to all we cfa level 1 candidates. We have put in so much of efforts since the past 6 odd months. But now its almost over. I just wanna say keep calm, be confident about all that you have studied. Dont rush into studying anything new because it will only add to your confusion. Stop reviewing data over and over again. Get a good night’s sleep. Eat a healthy, balanced meal. Pack your bags way before retiring to bed. Open the cfa website and chek mark all the material. Carry extra batteries. Do something stress relieving before bed time. Continue reading
A company one third of total sales is to its own consolidated subsidiaries and there are no concern for fraud because it is internal. Fraud occurs with external is a concern though.
but that contradict with what we learned in financial statements that loans to related parties should be a warning sign.
how to reconcile? Continue reading
My Comfort Zone
by Unknown Author
I used to have a comfort zone where I knew I wouldn’t fail.
The same four walls and busywork where really more like jail.
I longed so much to do the things I’d never done before,
But stayed inside my comfort zone and paced the same old floor.
I said it didn’t matter that I wasn’t doing much.
I said I didn’t care for things like commission checks and such.
I claimed to be so busy with the things inside my zone,
But deep inside I longed for something special of my own. Continue reading
I cannot get these to stick in my head.
Does anyone have an easy way of remembering what is what?
Also, I’m struggling to understand how to convert BDY to EAY
.. If the question gives you 90 day to maturity in BDY 3.25%, The effective Annual Yield is?
Thanks Continue reading
here are my scores on Scheweser 1 to 5 and Mock exams
Should I feel confident ? Im happy to score above 70% while finishing the exams 1 hour early but I find the schweser exams different from the mock and I dont like the questions. I have trouble managing my time, I dont want to be too slow so I do stupid mistakes sometimes. And of course im too weak on economics and FRA especially. that will be the focus of the day ! Continue reading
can some1 provide me a guidnance of.how to solve these kind of problems?
in (insert any situation of code violation) whats the best step that can be taken by the candidate?
a)disascociate from the activity
b)inform the supervisor and let him decide
c) report the activity to legal organistions
d) approach the compliance council
also what kind of questions can be frames on ‘RECOMMENDED PROCEDURES OF COMPLIANCE’?
THANKS Continue reading
a decrease in yield volatility would decrease the put option but it would not decrease the price of a putable bond? but a increase in yield volitaltiy would increase the put option and the price of a putable bond.
but a decrease in yield volaility would decrease the call option but increase the price of callable bond and a increase in yield volatility would increase the call option but decrease the price of a call bond
is that right? Continue reading
Sorry, I know this should be a really simple concept but it’s late and I can’t think straight…
But why do credit spreads widen during an economic contraction? I would have thought that the flight to safety (i.e., bonds) during a contraction would drive prices up and push interest rates down thereby narrowing the spread? What am I missing here?
Thanks Continue reading