Starting from year 2021, all the levels of the CFA Program will shift from paper-based (PBT) to computer-based testing (CBT). This means the last paper-based test will be offered in December 2020. This is a significant move by CFA Institute to provide smaller group sizes, better social distancing, easier scheduling with more locations, and less …
Important Changes in the CFA (All Levels) Exam Dates and Formats Read More »
Try 3 sample questions from CFA Institute Investment Foundation Program syllabus. Loading…
PFS has started its comprehensive classes for CFA Level I candidates targeting the Dec 2020 CFA Level I Exam. The class schedules and plans are already shared to our clients and via our blog. Because of COVID-19, we are having classes via zoom. We will go back to our offline classes soon after the lockdown …
A floating-rate security, also known as a “floater”, is an investment with interest payments that float or adjust periodically based upon a predetermined benchmark. While floaters may be linked to almost any benchmark and pay interest based on a variety of formulas, the most basic type pays a coupon equal to some widely followed interest …
In the 73rd CFA Institute Annual Virtual Conference, Campbell R. Harvey discussed the current and past financial crisis. He talked about events that lead and some events that lag the crisis. He also discussed the economic paths forward. Below, I summarized his discussion: Relationship of Inverted Yield Curve and Recession I’ve been interested in recessions …
Campbell R. Harvey: Steps to an Economic Path Forward Read More »
The 73rd CFA Institute’s annual conference started yesterday, virtually this year from CFA Institute studio in Charlottesville, Virginia. Mark Franklin, President and CEO of CFA Institute, gave a welcome note and started the conference. The first speaker, Howard S. Marks, CFA discussed his thoughts on working through a dramatic down cycle. His discussion on different …
Howard S. Marks, CFA: Thoughts on working through a dramatic Down Cycle Read More »
I have just finished the book, “The Great Reflation”. It is an enjoyable book that discusses allocating assets in a turbulent world. This is because investors must deal, not with the should-be world, but with the actual world and its elevated risk and uncertainty. There have been a lot of misconceptions about Gold as an …
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