Gostudymock3

The Top 4 Reasons for Bond Market Inefficiency

Secondary bond markets are often inefficient Here are the top four reasons this might be true (for the CFA L3 exam)

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Gostudymock3

Reasons Bond Managers Trade Their Portfolio

In this post we talk about the reasons for secondary trading in the bond market. A potential level 3 question around fixed income could center ask you to identify one or more of these reasons. 

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Gostudymock3

The Origin of the Money Multiplier and its Effect on Monetary Policy

Why is a 14th century banking innovation important for modern monetary policy? This post explores the rise of fractional reserve banking, the money multiplier, and the equations and concepts you should expect to see tested on the CFA Level 1 exam. 

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Gostudymock3

Choosing between Asset-Liability Management and Asset Only approaches

Knowing when an institutional investor should choose an asset-liability matching framework or an asset-only approach is vital. Here are the six keys to picking the right approach every time. 

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Gostudymock3

How the Individual IPS Gets Tested on CFA Level 3

The IPS can make or break your performance on the morning section of L3, and that in turn will determine whether you're going to pass the Level 3 exam. Let's break down how it gets tested and each step of the investment policy statement.

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Gostudymock3

Monopolistic Competition vs. Perfect Competition in the long run

In the CFA Level 1 Curriculum, monopolistic competition is a short section bridging longer sections talking about Oligopoly and perfect competition. Don't let its length fool you. It's important to know how ALL of the implications of changing the demand curve from flat to downward sloping in terms of firm profits, market reactions, and overall social welfare. 

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Gostudymock3

L3 Curriculum changes from 2015 to 2016

A look at curriculum changes from June 2015 to June 2016.

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