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If you are just gambling with math at home, dont bother. If you want to understand finance like the op, better start learning. They have phds and cfas...
by wtvanhest 9y ago
If you are just gambling with math at home, dont bother. If you want to understand finance like the op, better start learning. They have phds and cfas...
- lz400 9y agoIf you want to understand finance 360, from compliance to settlements, from middle office to government bonds structuring, sure, get a CFA. But somebody learning to trade not only doesn't need one, but very little of what's in it is useful. I've been in finance for ~10 years, trust me, very few traders and quants have CFAs, that's more product management, research analysts, compliance, controllers, risk managers, even IT. We are not talking about learning those jobs.
- wtvanhest 9y agoThe CFA doesn't cover settlements at all, nor does it have anything to do with gov bond structuring, and very, very little on compliance. (Basically the bare minimum you need to know on ethics and asset manager code of conduct/GIPS). The vast majority of the CFA curriculum covers investing fundamentals, including accounting (100% necessary for building models), quant (obviously necessary), econ (pretty important).