Cfa, Stock Broker And Other Finance Related Licensure Exams

[rooster69ph]

How about the PSE Certified Securities Specialist course? http://www.pse.com.ph/html/NewsRoom/pdf/Marketing%20Poster_PSE-UST%20CCPED%20CCSC.pdf

 

I don't think i would venture to try a different career for myself. I just would like to invest in the stock market, without being totally clueless about it, or worse, being totally dependent on stock brokers who, more often than not, are mere salesmen eager to sell the stocks of companies who induced them to sell their stocks.

 

the pse from time to time do come up with seminars on both fundamental and technical analysis geared towards educating the investors.

[swami]

the pse from time to time do come up with seminars on both fundamental and technical analysis geared towards educating the investors.

 

 

But I think this PSE certified securities specialist course is highly intensive. It runs for 5 months, and there's an exam at the end of the course. Will this be the best option?

 

I have just browsed the book FWallstreet, and the author says not to trust stock brokers. Why? Because more often than not, stock brokers/analysts are only after sale of stocks, not really much caring about the investors' predicament. So, it's best to do the investing yourself.

 

The way I figure it, I might as well learn the fundamentals myself. My question is, will this course be the best option I have to FULLY educate myself about the stock market. The fee is 45k. I am willing enough to shell out that much money just to learn.

 

Hope you could enlighten me.

 

Thanks

[rooster69ph]

But I think this PSE certified securities specialist course is highly intensive. It runs for 5 months, and there's an exam at the end of the course. Will this be the best option?

 

I have just browsed the book FWallstreet, and the author says not to trust stock brokers. Why? Because more often than not, stock brokers/analysts are only after sale of stocks, not really much caring about the investors' predicament. So, it's best to do the investing yourself.

 

The way I figure it, I might as well learn the fundamentals myself. My question is, will this course be the best option I have to FULLY educate myself about the stock market. The fee is 45k. I am willing enough to shell out that much money just to learn.

 

Hope you could enlighten me.

 

Thanks

 

Passing the CSR exam I believe is required if your work in the securities business/industry. As an investor you don't need that.

 

As to the course itself, well it will be a chance to learn most if not all the theories needed in investing in the stock market. However, at the end of the day, you don't become a good trader/investor by merely mastereing all what has been taught. I still believe that having a good "FEEL" of the market will still make you a good trader. Remember, the fundamental and technical analysis which will be taught are only tools in making your investment decisions. They are not fool proof coz in the end, it is still the market that will decide the movement of the prices.

 

As to your query whether this course be your best option? Hard to say but I know it will help in increasing your knowledge. I know some people who just relied on their brokers but earned good money. Yes, as you said there are brokers who are just after the trade to earn their commissions. However, in a society, there are both good and bad individuals. If the broker is only up to getting commission rather safeguarding your interest, then you eventually should know that and there is no one stopping you to drop him for another.

 

As such I believe it is still important to be able to have a well-trusted broker since he would be the one to feed you all the news/market rumors and recommendations. It is up to you now to be able to further evaluate the recommendation based on your knowledge in investing.

[erika123]

I just saw this thread.

 

Im CFA and I conducted CFA preparation exams for a number of years. If you have any questions on CFA, feel free to send me a PM and I will try to answer your questions.

 

As for job opportunities, having the designation of CFA really opens doors.

[kerrmit]

Saw an ad along the Anonas LRT for globally-recognized certifications (CIA, CISA, CFE, etc.). Any info here?

[Curious]

Investing in the stock market basically is one's decision. Obviously there are salesmen and there are salesmen. There are large and small broking houses, so to generalize whether they are "just to sell" or meant to advise you on what to buy or when to sell, is a function of their relationship with you. Keep in mind, they are "in business" too. Even the best salesman have their favorite clients. While good salesmen have maybe even 100 clients, they have no more than 10 as top of their mind. These 10 are active traders or investors in the market and therefore generates good commission to the salesman. That they are top of mind, is expected. So unless you have 10 big ones or more to invest, then learn the hard way.

No one is born a good trader or investor. It takes discipline and understanding of the psyche of the market. There are also several trading or investing strategies. Some are driven by fast moving stocks, often these are either being "played" a nice term for "managed" a nice term for "manipulated". These are the basura stocks or takeover stocks. For one that is not "in the market" actively, it is hard to spot them before they happen, though one can be lucky enough to see when a move is being made. Then there are those that invest for the longer term as most people should. This is where understanding the fundamentals is important. Valuations and trend and expectation of how the economy in general is going. Research report are written with an investment horizon of 6 months to one year. They are not meant to be perfect but they are meant to tell you what the analyst think. If hey are 60 pct correct, be happy. If they do better than that, they are almost god and they dont have to work for the company. They might as well work for themselves.

It takes years to become a good stock trader and investor. Even among the stock broker's salesmen, there are good ones and lousy ones. The good ones have years of experience, have spent their time to learn more about how people valuje stocks, what makes them move, what fundamentalist are saying and what the technicals mean.

Is there money in investing in the market, yes definitely. Look at where bank interest rates are. There are stocks that pay 5 pct to 6 pct dividend yield and these are good companies. Simple math.

 

My advise to those that are truly interested in this activity. Find a good stockbroker, maybe find a good salesman that you can be-friend ( i assume you dont have the 10 million bucks to spare, else they will be glad to spend time with you.) Learn from them on what they think, always ask why. The salesman role is to watch the market while you do what you do for a living. Others want to trade full time, in this case, unless you have 10 big ones, you can start to work as a stockbroker salesman so that you can immerse in the business. Best job, you are paid to learn.

 

I have seen good stock investors. They do their own research work. They read the news and talk to the research people. They have a good network of people in the same interest. Lastly they are not greedy, know when to sell. And the most important rule, dont trade or invest money that you may need suddenly. The market is treacherous. just when you need the money back, that is when the market is down and you are carrying a stock at a loss if you sell.

 

Learning and becoming a good stock trader is not a short time thing, it takes time but the payback can be lucrative.

[GoyongDP]

Any CFAs here in MTC? Or at least in the program?

[Ricardio]

Bka may nka tago kayo dyan na soft copy ng reviewers nyo pa share nman.. How much would it cost para mag review sa mga review centers? anyone here self-studied? pa advise naman pls..

[Dominator93]

You don't have to get other reviewers. Actually it's against the ethical standards of CFA for candidates to share to examiners their reviewers. Besides, register for the exam (for around P30k) and the CFA Institute will provide you all the reading materials and reviewers you need. All you need is the registration fee, wait for the books to be mailed to you, and HARD WORK. You might want to read up sa 300hours.com re: CFA Level I. Just comment here if you have any more questions!