Gostudymock3

Entrepreneur, Executive, and Investor - The Stages of Equity Holding

Within the CFA L3 exam's focus on concentrated positions, the stages of equity holding explain how a business owner or corporate executive might obtain wealth through the equity of a single company and how their psychology around their acceptance of the concentrated position and its higher risk depends on the degree of control and attachment they have over the business. 

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Gostudymock3

Diversifying Concentrated Positions - An Overview

Diversifying a concentrated or low basis position is an often-tested section of the CFA level 3 exam. This post covers the nuances of the different strategies from a tax, wealth, and behavioral perspective

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Gostudymock3

Summarizing the Testable Tax Material for CFA Level 3

An overview of everything you need to know about taxes for the CFA L3 exam, with links to deeper dive posts on each topic.

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Gostudymock3

Picking between tax deferred (TDA) and tax exempt accounts (TEA)

An explanation of when to put assets in a tax deferred (TDA) vs. tax exempt (TEA) account. Often tested on CFA L3.

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Gostudymock3

Tax Jurisdictions and Resolving Double Taxation for CFA L3

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Gostudymock3

Realized Tax Rate, Effective Capital Gains, and Accrual Equivalent Tax Calculations for L3

Once you know how to calculate the overall return of a position under different tax systems, it's time to put it all together to calculate an investor's blended tax rate. 

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Gostudymock3

The CFA L3 Tax Equations - FVIF and tax drag

When it comes to specifics and calculations for CFA Level 3 this is where the rubber meets the road and we need to apply our general understanding of tax principles to specific calculations of future value and tax drag. 

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Gostudymock3

What is the difference between marginal and average tax rates?

Distinguishing between marginal and average tax rates and knowing how to calculate each should be worth a few points on the CFA exam. This post quickly summarizes all you need to know.  

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Gostudymock3

The 7 Tested Tax Regimes

A look at the three main systems of taxes (income, wealth, consumption/VAT) and the 7 tax regimes for the CFA Level 3 exam. 

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Gostudymock3

The Ideal CFA Weekend Study Plan

During CFA exam crunch time weekend time is precious study time. Here's how to maximize your minutes. 

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