Відео

Under normal conditions, yes, because there has always to be a cost to remove all volatility from your outcomes. Otherwise, there would be no downside of locking your profit and so anyone would do it for as soon they reach their profit goals.

Thank you for your kind words. I will make one addressing that topic soon. Stay tuned!

@@MarcaoPT thank you for asking. It will be posted before Friday, that is for sure. Stay tuned!

@@kirkdouglas869 it is my pleasure to help out.

@@MarcaoPT thank you very much for your feedback. Much appreciated.

@MarcaoPT thank you very much. The wheel strategy is all about small, consistent gains over time. And as you build up your account, your gains tend to increase in size over time. Have a go at it and let me know of your progress. Best of luck!

@jbdmb I am glad you ask that question. Given my age (late thirties), it makes no sense for employers to give me an entry role, as they know that the salary they would pay me is much lower than the one I could get elsewhere. Therefore, they would never have the slightest assurance that I would stay in that role for long enough to justify picking me. Besides, if they can get someone with Finance experience and pay him a normal salary, they incur in much less risk than picking me. I can't blame them at all. I would do the same thing if I was in their shoes.

@marcoafonsocfa you were dead serious about getting in to investment management / equity research by getting an economics degree, a masters in finance, the cfa, and the caia. And you allowed yourself to price yourself out of the hiring market? When you submit applications you put your salary range in. Were you too stubborn to lower your expected salary so your application would not be automatically disqualified or is this the story you constructed in your own head? As far as your background in risk management: risk management is literally the other side of the coin in finance. You can't do one without the other from the analyst role.all the way up to the cio. So I don't see how your background is risk management would hurt anyone.

@jbdmb I don't see how it would either. The culprit is the lack of experience in finance whilst being already too old and experienced in another field to be qualified for an entry level role. I never state anything related to salary in my applications. At that stage, that is a piece of information that can only make you fall by the wayside.

@EPAXavier hello, thank you for your question. Yes, for the wheel strategy I strongly believe that using weekly options yields higher returns than monthly options in the long run. In the short run it really depends on how the market performs. I explain this reasoning in another video on how the wheel strategy is profitable in the long run. The link to the video is here: ua-cam.com/video/QnnUSUT3THc/v-deo.htmlsi=gg2w057CUDHy5Z-A But to put it simply, the time value of an option (measured by the theta, one of the greeks) declines at a much faster rate when the option is very close to maturity than when is further away from maturity. And when you sell options, you want to sell expensive options (with more time value) and if you buy them back, you want to do so cheaply, usually when the time value is close to zero. So, if you sell weekly options, that faster declining rate occurs over a larger proportion of the time you have the position open than when you sell monthly options. So you can profit from the trade in much less time. Hope this helps to answer your question. Stay tuned!

Thank you for your kind words. Let me know if there are further insights about the strategy that you may want to know more of.

@dividendchen9377 hello. Thank you for your kind words. It is my intention to make a video to explain why the wheel strategy is successful in the long run. But to answer your question, since the wheel requires you to sell puts and eventually calls as well, the best stocks for the strategy are the less volatile ones (even though the premiums you earn are relatively lower) and good-quality stocks (consistent/increasing earnings & cash flows, competitive businesses with well-established brands) because at some point, you WILL be forced to buy shares and you don't know for how long you will be holding them. With that being said, I am well aware that stocks like HIMS or LYFT are anything but that. Those were part of my attempt to diversify my companies on which I was selling puts. But as you can see, now I am having a hard time getting rid of them without realising a loss. But I am confident that my current strategy (explained many times in the videos) will allow me to sell them whilst avoiding losses. Stay tuned, and feel free to ask further questions. Cheers

@@EPAXavier Merci beaucoup mon ami. I will continue for sure. These bumps in the road are inevitable from time to time. Let's do it!

Thank you for the tip. I will definitely consider buying one for future trips.

Hello, thanks for the comment. The worth of CAIA will always depend on what is your current job and what are your career aspirations. By itself, it never hurts to go for the CAIA as you'll learn a lot. However, you must be aware that Wealth Management is by and large a more exclusive career path and so it is relatively more difficult to enter the industry, especially if you make a mid-career transition. It's your decision but be aware that even with any designation you may not be able to go into Wealth Management. So, if you're willing to go through the program without that expectation and by adopting an approach of "I am going to maximise my learning experience and see where does this knowledge takes me", then go for it and you'll be fine. Hope this helps. For further discussion send me a message on LinkedIn. Cheers

@@marcoafonsocfa Thanks Marco. So, what do you suggest ? doing CIM or CMA USA or CAIA ?? or not do anything and save time and money lol

@@marcoafonsocfa I am going to maximise my learning experience and see where does this knowledge takes me ....wow got you what you mean

Thank you very much. I will be posting a similar video soon.

Indeed, life happens and we must always be prepared to juggle those disruptions along with our exam prep. If you're able to start your prep as early as when registration opens for the earliest exam window, then by all means do it. You'll be able to manage your prep schedule and any unforeseen circumstances much more effectively. Cheers!

Hello, I appreciate your comment. Given your exam date, I would assume you registered for the CFA, right? Let me know through LinkedIn what your questions are. I will be happy to assist you with your prep. Best of luck!

@@marcoafonsocfa just sent you an invite via Linkedin

Hello Krishna, Thank you for reaching out. Yes, besides being a CFA Charterholder with a clean record, you need to: - Have a CFA digital badge (such as the one we get from Basno). - Have no CAIA exam history. So, if you have never registered for a CAIA exam before, you should be able to get the exemption. Of course, your request still must be approved by the CAIA Association. Feel free to send me a private message on LinkedIn for further questions. Best of luck!

Hi Marco, I live in Canada. Is CAIA worth it without doing CFA ?? I do not have any experience in wealth mgmt? I am working in accounting right now ?

Hello Eugene, I recorded a video on prep providers that I recommend you to answer your question: ua-cam.com/video/L6s3UUPXx1I/v-deo.html Upon reading your comment, it gives me the impression that you may have begun your prep a bit later than you should. You probably already know my stance on the start date for the preparation, but to answer your query, I only used Edge for the mock exams. With less than 2 weeks' time, you cannot afford to lose more time with the curriculum. Practice as much as you can and use the solution to really understand what you're being asked and only then refer to the curriculum to confirm the concepts of the questions. For further questions, please send me a pm on LinkedIn. Wish you the best of luck for your exam.

@@marcoafonsocfa thanks, have pm on LinkedIn. WRT edge, Russell is a great instructor, however, I found his materials are not updated and has many unrevised learning points. The good part is that it compels me to reference the learning objectives from the textbook and the annoying part is that I wasted lots of time trying to pinpoint the info only to discover that it is an unrevised one. Moreover, edge designation app is poorly maintained, and most recently, the qbank had to be transferred into the link in google classroom.

@@marcoafonsocfa thanks have PM’ed. Russell of Edge is a great instructor. The good part about the this prep provider is that the ans requires one to constantly cross ref with the textbook becos the material is not revised accordingly. In the same breath, the disadvantage here is that it waste too much time trying to find the correct info only to realise that it was from the previous curriculum. I have used edge both for L1 & L2 but found the app and system severely lacking. For example, the qbank was previously on learn2 but for some tech reasons, edge had transferred the qbank into google classroom and have it saved into pdf.

@francescoratto2257 I only bought 3 mock exams from Edge Designations to prepare for the CAIA Level II exam. Disclaimer: I receive no compensation from Edge Designations. I cannot comment on UpperMark nor Kaplan as I did not use them. All I know is feedback from other candidates. Feel free to have a look on another one of my videos, in which I discuss my experience regarding prep providers: ua-cam.com/video/L6s3UUPXx1I/v-deo.html

Thank you very much. Make sure you continue to work towards your goals. You'll get there!

Thank you for the valuable feedback. Indeed, I updated the videos' descriptions to increase viewership. Let's see what happens. Feel free to stay in touch and continue to provide feedback!

I talk about tips for level 1 in another video, but it is key to start studying as early as possible, take 1-2 months to practice as many questions as you can, even if you have to repeat them several times, as this will also allow you to master the use of the calculator and the formulas. Don't slack on your prep. It is the easiest level but it is still a very hard exam to tackle.

@@marcoafonsocfa ohkay thank you 🥰

keep me posted

@@TheEyeofSauron_1 on what?

Indeed, you're absolutely right. In my view however, I believe that such course is not worth it from a perspective of value for money. Especially for CFA Charterholders as they are able to get the CAIA Charter for roughly 1400USD.

I have a specific question with the hope you can advise. A while ago I got CISI level 4 Diploma in Investment Advice, but now moved into private markets as an IT Product Owner and need to enhance my domain knowledge. Which certification would be better to go for overview? Unify by CAIA or CFA?

@shipka9141 I am not familiar with the CISI curriculum but it seems to me that it leads to the Chartered Wealth Manager Qualification, which can also be a path for you to consider. In any case, if you're looking only to have a superficial but broad level of knowledge about Private Markets, I think that the CAIA would be best but it goes way too deep for what you want. If I would be in your shoes, I would seriously reflect on the reasons why you want to have this broad knowledge and what is your purpose. This is just me, but I personally would not care about committing to a study schedule just to have a broad knowledge of a topic. I want to know it all or I would chase something else. Hope this helps you to make a decision. For more questions, I suggest you connect with me on LinkedIn and we'll talk through there. Cheers

Yes, of course you can. The most usual path is to get the CFA Charter first because then you can get the CAIA Charter by sitting for the Level II exam only. On the other hand, getting the CAIA first does not give you any waiver on the CFA exams, so it is a less conventional path. In the end, it all comes down to what your goal is.

Hello, that's a good point. When I say that the exam has become slightly easier, I mean that now it is easier for each candidate to manage his/her own time and still be able to answer all questions. I am aware that this change may not in the end lead to a better outcome as the MPS may rise as a result, but your perspective is focused on the outcome, which depends on factors you can't control, such as other candidates' performance. My perspective focuses on each candidate's exam experience which, all else equal, may now be better due to the factors I mention in the video. And I believe that may be a reason for the recent MPS increase. As for the essay questions, I assume that, after tackling two exams with MCQ only, candidates are far more used to answer MCQ's than essay questions. To be honest, over many years I have never come across a candidate that is more at ease with essay questions, especially in light of the reasons I mention in the video. Nonetheless, thank you for bringing that up.

@@marcoafonsocfa That’s my bad I thought you were arguing for this point as an outcome rather than solely helping a candidate to perform better. I was indeed more focused on the outcome because the outcome is not as clear: while a candidate would most likely perform better due to being able to complete the exam, the benefit of that may or may not outweigh the cost of a potentially higher mps. I watch your videos regularly, I hope you grow more because your efforts to help are very genuine. All the best brother

@@lastdevil941 yes indeed. Since your result also depends on the other candidates' results, a slightly easier exam may not necessarily help you to pass. Thank you for your kind words and support.

You'll get more knowledge doing all three, but the additional value you get in the job market should not be significant.

Thank you very much. Let me know if you have any questions.

Glad to have helped you. Feel free to reach out on LinkedIn in case you have any questions. Best of luck!

Congratulations on your decision. I fully agree with your line of reasoning and I wish would have done it much sooner than I actually did. The CFA Charter is more beneficial at the early stages of your career as it will set you up on the career path that you want. Best of luck and feel free to drop me a message if you have any further questions.

Make sure you register and begin your preparation as early as you can. You can't go wrong by studying at a comfortable pace and still having enough time to account for any unexpected circumstances. Best of luck!

@@marcoafonsocfa do you know Morgan international?

@@husseinarslan7173 for any questions send me a pm.

@@marcoafonsocfa i will talking with you on LinkedIn

@@marcoafonsocfa some people's tell me, if you not have experience of accounting and excellent you not be an excellent financial analyst, yet i don't working in any field accounting or finance. So, does CFA level 1 increase the chance without working in any field or not. If i study only CFA without working and when i passed i find a job.

It is my pleasure to assist you. Feel free to get in touch on LinkedIn if you have further questions. Cheers.

Thank you for your kind words. Indeed, making a mid-career change which also entails switching employers means that we will be up against all the other candidates with extensive experience in our target field. Therefore, it is extremely unlikely that we can successfully go through the preliminary HR assessment towards a first interview. However, I believe that such transition might be easier within the same entity, as our other skills, experience and internal performance track record might play a role. In any case, it is our job to make the best of every situation, so we can hold our heads up high and take other opportunities when they come around. Wish you the very best!

I registered for the exam on October 3rd, 2022 and scheduled it for March 31st, 2023. I did not count the number of hours but during those 6 months it certainly took me more than 400 to prepare and review everything. I studied every single weekday after working hours and on the weekends it was pretty much an all-day routine. Now, each candidate has his/her own study method and most of them do not need to devote as many hours as I did if all they care about is to pass, especially CFA Charterholders. In the end, it all comes down to the level of mastery you want to achieve on the topics of the curriculum. Hope this helps.

@@marcoafonsocfa Thank you for the response

Thank you very much for your feedback. It looks like we are on the same boat. However, don't let that discourage you from continuing to work towards your goals. The CAIA Charter is definitely easier for CFA Charterholder due to the overlaps between both curriculums, so I expect you to pass on the first try unless some unexpected event during your prep. Best of luck and keep your eyes on the prize!

Thank you very much for your kind works. I will continue to post more videos for sure, and hopefully the feedback will guide me to make videos on topics that mean the most for everyone.

Thank you for your kind words. We all face challenges so the purpose is to support each other along the way.

That is a good question. I may be biased but I quite confident it will increase in the future. Alternative assets are becoming increasingly more important and in demand for their allocation in investment portfolios over time. Not only due to their diversification potential but also because of their potential to hedge against inflation and industry trends, especially with regard to sustainable real assets and infrastructure.

@@marcoafonsocfa do you advise me to do CAIA after the CFA? I am 22 years old now, and may be do the exam CFA level 1 in August.

I'm afraid I can't give you a definite answer, because it really depends on what are your career goals and your personal situation by the time you're considering enrolling in the Program. If you are still a CFA Level I candidate, I wouldn't worry too much about as many things can change until you get the CFA Charter. Once you get, then it makes sense to consider that possibility. For now, I would suggest you to focus on the job at hand, which is preparing for the CFA level I exam. Best of luck!

The career goals is to be a portfolio manager, hudge fund manager, investment banker and the high positions of finance.

@@marcoafonsocfai want to get the three certifications : CFA, FRM, CAIA

I appreciate your kind words. Feel free to stay in touch if you need to ask any questions during your exam prep. Best of luck!

According to the HR professionals I have queried on that topic, it looks that way at least with regard to job applications.

Absolutely true for employability but not for upskilling :)

@@yashdhikle4825 Indeed.

Just to be clear, this is a separate certificate from CFAI rather than new CFA charter regime with specialised streams including for Alernatives?

@@kashansamad197 the CAIA Charter is under the responsibility of CAIA association not CFA institute

It is my pleasure to assist you and other viewers Rahul. Feel free to get in touch in case you need to further discuss the topics of my videos.