I don’t know if you guys are on the same boat with me but…
My friends were calling me last night to go out for a drink…and I rejected it.
Today there was a Champions league final game and my soccer buddies go “Can’t you even make two hours to watch the game? What are you studying? CFA? man… isn’t that like a securities license that anybody can pass within 2 wks?”.
I got this last summer with the follow up question, “So you need a CPA to do taxes, but you don’t really need the CFA for anything?”
But the all time kick in the teeth for me was when someone said, “If you really wanted to do something challenging, you should’ve gone for the CFP. My financial advisor is going for his and he told me it’s like getting a phd in finance”
My response was, “oh, is that so?”… my thought process was “Your advisor is either a liar, an idiot, or both. Now scram before I choke you out”
lol, i tutored a CFP candidate a month ago and she could not get her head around geometric compounding. we spent over 45 mins just doing compounded rates of return (ex: ^5, ^6) and geometric averages (^(1/6), ^(1/5)) and she just could not mentally grapple with any kind of expoential problem.
The guy is a financial advisor. _ By definition he is both a liar and an idiot. _
Ha Ha so true. If anyone ever questions CFA vs. CFP difficulty, direct the idiot to the CFP website where it says that if you have the CFA, you can skip the pathetic CFP education requirments and just take the exam: http://www.cfp.net/become/education.asp
Ha ha, don’t think you’ll find any type of waivers on the CFA website. . . .