Comments on: One Small Step http://luminouslogic.com/cfa-one-small-step.htm Stock-picking is an art. I have sympathy for all who attempt it. Sat, 04 Feb 2012 09:22:49 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Lumilog http://luminouslogic.com/cfa-one-small-step.htm/comment-page-1#comment-2835 Lumilog Sun, 31 Jul 2011 21:06:41 +0000 http://luminouslogic.com/cfa-one-small-step.htm#comment-2835 Thanks for stopping by Raj. I turned your questions into a post. Link below: http://luminouslogic.com/engineers-and-the-cfa-program.htm Thanks for stopping by Raj. I turned your questions into a post. Link below:

http://luminouslogic.com/engineers-and-the-cfa-program.htm

]]> By: Raj http://luminouslogic.com/cfa-one-small-step.htm/comment-page-1#comment-2829 Raj Sun, 17 Jul 2011 09:47:01 +0000 http://luminouslogic.com/cfa-one-small-step.htm#comment-2829 Hey Lumilog, I think i find myself in exactly the position that you described yourself. I have a lot of intereset in stocks, I have been trading from past 2-3 yrs with whatever experience i have gained over the time with my own investment style ( I can call it neither technical or fundamental ). I keep reading stuff related to investment and trading, so i too sometimes think as you wrote " it couldn’t hurt, and I was spending so much free time reading about investing anyway that it made sense to do it in the CFA program framework where I’d have something to put on my resume for all my efforts." I have some queries which are bugging me from a long time, I hope you can provide some insight into it. 1) How much sense does it make for me to use my time by reading CFA stuff than by using the same time on my stock research. 2) Will all the effort in clearing the CFA exam actually makes you a better investor / trader. Or Am I better of doin my own research in the same time. ( I mean, i can devote the same time to other studies of stocks, read about their businesses or study the historical data etc etc ) 3) I am an engineer, And I plan to leave my current job and earn my income wholly on stocks.. Finally, want to be a money manager. So, Will a CFA help me in getting into any investment related job ( am an engineer). 4) I belive, CFA must have been quite easy for you since you would be aware of some investment related stuff even before preparing for CFA. Am i right? 5) I am an engineer and i dont plan to do any MBA but still want to be in IB field. In this case, will CFA help me? Thanking you in advance. Hey Lumilog,

I think i find myself in exactly the position that you described yourself. I have a lot of intereset in stocks, I have been trading from past 2-3 yrs with whatever experience i have gained over the time with my own investment style ( I can call it neither technical or fundamental ).

I keep reading stuff related to investment and trading, so i too sometimes think as you wrote ” it couldn’t hurt, and I was spending so much free time reading about investing anyway that it made sense to do it in the CFA program framework where I’d have something to put on my resume for all my efforts.”

I have some queries which are bugging me from a long time, I hope you can provide some insight into it.

1) How much sense does it make for me to use my time by reading CFA stuff than by using the same time on my stock research.

2) Will all the effort in clearing the CFA exam actually makes you a better investor / trader. Or Am I better of doin my own research in the same time. ( I mean, i can devote the same time to other studies of stocks, read about their businesses or study the historical data etc etc )

3) I am an engineer, And I plan to leave my current job and earn my income wholly on stocks.. Finally, want to be a money manager. So, Will a CFA help me in getting into any investment related job ( am an engineer).

4) I belive, CFA must have been quite easy for you since you would be aware of some investment related stuff even before preparing for CFA. Am i right?

5) I am an engineer and i dont plan to do any MBA but still want to be in IB field. In this case, will CFA help me?

Thanking you in advance.

]]> By: Lumilog http://luminouslogic.com/cfa-one-small-step.htm/comment-page-1#comment-2821 Lumilog Mon, 04 Jul 2011 11:16:49 +0000 http://luminouslogic.com/cfa-one-small-step.htm#comment-2821 Hi Amir - I got the job after passing Level 1. It's hard to say anything definitive on how much the CFA may help your job prospects. All I knew is that it couldn't hurt, and I was spending so much free time reading about investing anyway that it made sense to do it in the CFA program framework where I'd have something to put on my resume for all my efforts. Best of luck! - lumi Hi Amir – I got the job after passing Level 1. It’s hard to say anything definitive on how much the CFA may help your job prospects. All I knew is that it couldn’t hurt, and I was spending so much free time reading about investing anyway that it made sense to do it in the CFA program framework where I’d have something to put on my resume for all my efforts.

Best of luck! – lumi

]]> By: AMIR http://luminouslogic.com/cfa-one-small-step.htm/comment-page-1#comment-2816 AMIR Fri, 01 Jul 2011 17:40:28 +0000 http://luminouslogic.com/cfa-one-small-step.htm#comment-2816 hey did u find a job in the investment industry after clearing CFA.i am an engineer but i am confused and dunt knw if CFA can actually help me to find a route into this industry. hey did u find a job in the investment industry after clearing CFA.i am an engineer but i am confused and dunt knw if CFA can actually help me to find a route into this industry.

]]> By: Mamraj S Chahar http://luminouslogic.com/cfa-one-small-step.htm/comment-page-1#comment-672 Mamraj S Chahar Wed, 09 Jan 2008 11:52:54 +0000 http://luminouslogic.com/cfa-one-small-step.htm#comment-672 Hi All, For information of those who didn't have time to check Errata. There are number of errors in all the volumes which would puzzle and waste time. So please download the errata for 2008 and modify your text accordingly. Thanks and all the best Hi All,

For information of those who didn’t have time to check Errata. There are number of errors in all the volumes which would puzzle and waste time. So please download the errata for 2008 and modify your text accordingly.

Thanks and all the best

]]> By: Mostafa Elbadawi http://luminouslogic.com/cfa-one-small-step.htm/comment-page-1#comment-656 Mostafa Elbadawi Fri, 28 Dec 2007 19:45:06 +0000 http://luminouslogic.com/cfa-one-small-step.htm#comment-656 Thank you people for helping. Thank you people for helping.

]]> By: Jean Paul http://luminouslogic.com/cfa-one-small-step.htm/comment-page-1#comment-655 Jean Paul Thu, 27 Dec 2007 22:04:29 +0000 http://luminouslogic.com/cfa-one-small-step.htm#comment-655 Mostafa, Well if im not mistaken the formula in which you divide by the root of n means youre dealing with a sample of the population. If you know the population then you dont have to divide by the root of n. On another note I am very pleased this blog is being written. I am currently an industrial engineer student, I want to be an investment banker. Mostafa,
Well if im not mistaken the formula in which you divide by the root of n means youre dealing with a sample of the population. If you know the population then you dont have to divide by the root of n.

On another note I am very pleased this blog is being written. I am currently an industrial engineer student, I want to be an investment banker.

]]> By: Lumilog http://luminouslogic.com/cfa-one-small-step.htm/comment-page-1#comment-652 Lumilog Wed, 26 Dec 2007 16:52:32 +0000 http://luminouslogic.com/cfa-one-small-step.htm#comment-652 Hi Mostafa, They are in fact using the equation that you think they should be. Note that the 3 numbers .1336, .197, and .38 they define as <b>standard error</b>, not standard deviation. :) Thanks for the comments V and Jay. Wow - currencies - haven't dared to dabble there yet! - Lumilog Hi Mostafa,

They are in fact using the equation that you think they should be. Note that the 3 numbers .1336, .197, and .38 they define as standard error, not standard deviation. :)

Thanks for the comments V and Jay. Wow – currencies – haven’t dared to dabble there yet!

- Lumilog

]]> By: jay http://luminouslogic.com/cfa-one-small-step.htm/comment-page-1#comment-648 jay Sat, 22 Dec 2007 12:47:25 +0000 http://luminouslogic.com/cfa-one-small-step.htm#comment-648 This is really wonderfull, i am a graduate surveyor but have always been addicted to stocks and investmentsi. I just started trading currencies but i just thought that being a CFA would increase my winning potentials and fill the lil holes. I wish you luck man! This is really wonderfull, i am a graduate surveyor but have always been addicted to stocks and investmentsi. I just started trading currencies but i just thought that being a CFA would increase my winning potentials and fill the lil holes. I wish you luck man!

]]> By: V http://luminouslogic.com/cfa-one-small-step.htm/comment-page-1#comment-646 V Thu, 20 Dec 2007 15:03:33 +0000 http://luminouslogic.com/cfa-one-small-step.htm#comment-646 Excellent post, reminds me of my recent past and why I'm looking into being a CFA. I'm also an engineer by trade, investor by addiction. Excellent post, reminds me of my recent past and why I’m looking into being a CFA. I’m also an engineer by trade, investor by addiction.

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