Posted by: JavaBeans February 9, 2008
Making Money with Eminitrader
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"The way I screen for stocks is not based on value or future expected cash flows or any other thing taught in business school. My idea is that given the amount of securities in the market, on(e) can always find a handful (of stocks) at any given moment to invest/ trade in without all that pain." TimeTraveler

Ouch!!

To me, that is gambling, legalized or not. And it certainly is not investing. Be that it may, I am more inclined to think you are perhaps a day or a short term trader, and if that has worked for you- great. The 5 minutes you spend reading up on the financials would be a waste in this case anyway.

If the above is your sentiment towards investments in equities I would think twice about doing the CFA program, as that may also be a waste of time.

[Disclaimer: JB is now deviating from the topic of this thread...]

CFAs are not dime a dozen- there are NOT enough in the market, and are very expensive. The big banks pay a hefty premium- around 35% for CFAs (read this in some report last year) of equal caliber in a number of finance positions.

Personally, I have been wanting to get into asset/funds management, and for that reason I am currently studying for the CFA exam (Level I)- been doing so for the last month. I find the material to be absolutely invigorating. However, the problem thus far has been, like most professionals who work full time, managing time to get some studying done.

Not to be too instrusive or nosey- what kind of backgrounds do you all have? Finance pros? Academics? Students? Amateurs? Etc..

JB

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