It should be obvious to you why you would want to further your education in some of the most basic elements of finance. If you don't like financial statement analysis, you should reconsider your interest in finance and instead pursue a career in blackjack or poker as that's the aspect of the field that interests you.
Speaking of, it's that time of the year again. Aside from the basic accounting and finance knowledge - the CFA also has a way of making you appreciate Memorial Day wknd. If you're really concerned, do L1 and see how you feel about it, L2 is much heavier on accounting than L1.
so CFA helps for what positions exactly? sell side firms? curious why are you cribbing about level 1 CFA ...
any retard can trade, it's the style of investment or trading. for CFA, you need for pension funds who actually read the financial statements of companies and read the bond prospectus. accounting is important in analyzing companies for real investments. to get intrinsic values of companies.. if you just hustling and trading. why do yo u need CFA, CMT for?
for large institutional investors, they do financial statement analysis and read the investment prospectus and due deligence BEFORE giving any any money or writing a check. that is the real word. big money don't just buy a stock without interviewing the CEO etc. and due diligence.
90% of the financial statements in some exchanges are non-profit companies.. welfare companies. always asking the market for money.
Hey thanks man I really appreciate this advice. I guess when I fail this test this saturday....I will have to sign up again....and actually try to learn accounting to pass even though it is full fledged torture and I'd rather master TA.....cry. Reality sucks =[ Welcome to corporate world, working up the ladder, by first passing CFA level one.
Really, man. It's like your saying you would rather study Physical Education than go to Med School. I have 2 dear brothers who went to college for Physical Education. I wan't to kill you, too. : )
Why you want to work for a bank? The hours are terrible and the pay (compared to trading your own $) is not great (for entry level anyway). I know quite a few folks who started with small capital bases ($10K) and run that up to hundreds of thousands. There is risk of ruin of course but at least if you make it you make your own hours and won't have to sacrifice your weekends to make someone else rich. If you know you can't trade through, then by all means get that CFA and go work those 70-80 hours a week