Gostudymock3

The 3 Key Tax Principles for the CFA Exam

Throughout the CFA exams , but especially for Level 3, there are three key lessons the test takers want to drive home about taxes and investment returns. Most questions will test your ability to apply these principles, plus they can help you eliminate options on multiple choice questions. This post covers each. 

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Gostudymock3

Passing the CFA Exams Means Macro-managing your Life

To pass the CFA exams you need to macro-manage your life and study strategy. Here's what you need to consider on your path to becoming a cFA charterholder.

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Gostudymock3

The Basics around Global Investment Performance Standards (GIPS)

The global investment performance standards, or GIPS, are a set of voluntary ethical and professional standards for the evaluation and presentation of investment results. On the CFA exams they are a semi-important, boring section that are nonetheless always worth a few points. In this article we summarize the basic objectives and key characteristics of GIPS.

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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

Understanding Profit Maximization and Equilibrium in Perfect Competition

In this post we upack the market structure and look at the profit maximizing decisions of individual firms and the long-term equilibrium of the market as a whole under the assumption of perfect competition. 

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Gostudymock3

5 Key Principles for Answering CFA Ethics Questions

Ethics questions can often be ambiguous, with two answers that seem appropriate. When this happens, knowing which questions to ask can help you sort through the different options. Here are three key questions and two guidelines to help you arrive at the right answer.

 

 

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Gostudymock3

Understanding Callable Bonds and Mortgage Backed Securities

The theory and testable concepts (for CFA L3) underlying MBS and how they relate to callable bonds. 

 

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Gostudymock3

Solving for Required Return on the CFA L3 Exam

On the CFA Level 3 exam you’re guaranteed to have an IPS question asking you to solve for an investor’s required rate of return. You KNOW this exact problem will show up, so there’s no excuse not to nail the answer.

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