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I passed CFA (Chartered Financial Analyst) Level 1!

post #1 of 17
Thread Starter 

You guys are the second to know (the first was a finance forum I frequent)...I passed CFA Level 1 (results were emailed today)! Pass rate was 42%. Any CFA charterholders or candidates Head-Fi members? What about MS in Finance? (I'm also a grad student.) http://www.bloomberg.com/news/2010-07-26/cfa-pass-rate-declines-for-first-second-levels-of-three-part-examination.html

post #2 of 17

congrats! 

 

remember, financial advice and head-fi don't pair so well...

 

for example:

 

http://tv.gawker.com/5492814/suze-orman-i-am-a-total-lady-gaga-freak

post #3 of 17

 

congrats!

post #4 of 17
Thread Starter 

Haha...I looked at that Suze Orman clip....I find Orman very annoying, but her analysis of the headphone was financially correct.

 

The Bad News: Assuming the $1400 for the Sennheisers could have been used to pay down the 12% credit card debt the opportunity cost (EVERYONE DON'T LOOK) is over $4300 assuming it's paid off in 10 years. Ouch.

 

The Good News: If the woman "invested" the money ($1400) at 12% by paying off the credit card debt... she could afford the Sony R10 in ten years.

 

So the question is....would you rather have a Senn HD800 NOW or a Sony R10 in ten years? They are financially equal choices. :)
 

Quote:
Originally Posted by TheWuss View Post

congrats! 

 

remember, financial advice and head-fi don't pair so well...

 

for example:

 

http://tv.gawker.com/5492814/suze-orman-i-am-a-total-lady-gaga-freak


Edited by Czilla9000 - 7/26/10 at 8:33pm
post #5 of 17

Congrats more reason to buy more headphones!

post #6 of 17

Congratulations! You're leveling up in real life .

post #7 of 17

Congratulations and good luck in your ventures.

post #8 of 17

Congratulations! Those multiple choice questions are deceptively hard. Plus there's 2 days worth of them.

post #9 of 17

Congratulations!

post #10 of 17

Congrats! Now we all know that at least 1 head-fi member is not stupid.

post #11 of 17
Quote:
Originally Posted by dj_mocok View Post

Congrats! Now we all know that at least 1 head-fi member is not stupid.


I take offense to that, good sir!

 

Congratulations and may your future hold mashed potatoes!

post #12 of 17

 

Quote:
Originally Posted by dj_mocok View Post

Congrats! Now we all know that at least 1 head-fi member is not stupid.


hey!  i resemble that comment!! 

post #13 of 17
Congrats! That's a tough test and you made it through!

This means I can start hitting you up for free advice, right? :D
post #14 of 17
Thread Starter 

Uncle Erik...I was wondering when you'd stop by.

 

If by "free" you mean you give me your spare DT48, then yes I'd love to speak with you.

 

EDIT: Seriously, my investment professor in undergrad (FIN-469) used to warn us to NEVER give advice for free...not even to family members. His experience was that giving free investment advice is a great way to lose friends. There is no payoff: If they lose money they will blame it all on you. If they make money then they will simply say to themselves "How wonderful I am for asking Bob, I'm such a smart person!" Of course, paying clients do the samething...but at least you're getting paid to get yelled at. :)


Edited by Czilla9000 - 7/27/10 at 7:34pm
post #15 of 17

Congrats!

 

-Nylan

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