CFA

Samjabr

You should get your CFA license and share your knowledge

SchwiftySchwifferson

Studying for the CFA

ExcelAcolyte

I have a CFA and work in the industry :P

nickOfJupiter

Nothing you said addressed the context of my message concerning the market wizards and some of the best traders of all time who are purely TA. Why dont you look at the US Investing Championship where every single year they are purely TA traders out performing the market, all of which go on to manage money. The entire Investors Business Daily org is built on TA. Schwab has dedicated TA analysts for options everyday on Youtube. I could go on, but you're just a smug know it all condescending prick. Also, technical analysis is on the curriculum for both the Series 7 and the CFA, unfortunately astrology isn't though. Jesus read a book Muhammad is the most popular name on Earth dude - Jonah Hill voice

WolfOfAfricaZLD

Depends a lot on your personal investing philosophy. Personally I would suggest DCA -ing into the s&p500 or some similar index until you have that figured out. However, your GTA investment is probably already priced in and BTC has no quantifiable inherent value. Imo I'm not a CFA so keen to hear other posters opinions.

CraneEternal

She thought she was smart, tried to get slick, she bust a little chuckle, And she got smacked by the markets’s gold finger knuckle. Should’ve hired a CFA.

craig_hoxton

Get this man a CFA!

KissMyRichard

Maybe he's got faster swimmers than JPOW, but I'm not a CFA.

Feltzinclasp5

CFA here. Some AI is useful for analytics and extrapolating data, but when it comes to actually picking stock it's mostly garbage.

Feltzinclasp5

Hello OP, I'm a CFA/CFP/CIM managing a pretty large capital portfolio. I'm not a psychologist, but I can give you some insight behind the psychology of money after having dealt with thousands of people from various backgrounds. Although money can invoke strong emotions, it is ultimately a tool of comfort. Having it won't make you happy, and not having it will not make you sad (as long as your basic needs are being met). Some of the richest people I've ever met are the most miserable. Some of the happiest live paycheck to paycheck. It sounds like whatever is going on in your life will not be solved with money. But one thing I've always tried to remember for myself is that; there will always be someone with more than you. As is often quoted in this sub "comparison is the thief of joy". The fact you even know what SCHD is and are interested in getting dividends puts you ahead of a large portion of the population. Most people have no investments at all, and even less understand what an ETF is. There's probably billions of less fortunate people who would risk their life for a small chance of living yours. Don't take it for granted.

Panthera__Tigris

Former Investment Banker here. There is a hierarchy of finance professionals and pension fund's are nowhere at the top. Actually, might be closer to the bottom of institutional Investment Management. The best guys at my firm were quantum physics PhDs. CFA L2 is intern level stuff. I agree that markets are their own beast and no one can make super normal profits. But come on. Pension funds lol.

Feltzinclasp5

CFA/CFP here. You're going to get a lot of bad advice on Reddit. Don't put the cart before the horse. It's great to have goals but you need to be realistic as well. I'm not sure what tax rates are in Australia, but saving 70k on an 86k salary doesn't sound right. I would wait until you start receiving paychecks and then create a reasonable budget. Then you can start to DCA into a low-cost ETF. Stick to a simple strategy and let compounding do the work. Don't time the market. Ever. Seriously. It's the #1 mistake all investors make because people greatly overestimate their abilities.

Mozad1

I can understand where OP is coming from in making this statement. I've spoken to 3 different private banking portfolio managers all of whom didn't know how BTC worked but confidently stated it was going to fail. Add to that a CFA, an accountant, and multiple swing and day traders. BTC has flaws so criticism can be justified But when so many people are so confident about it's failure without having any idea about how it works, makes me think I'm early. .

Feltzinclasp5

CFA fund manager here. Just wanted to chime in for what it's worth and say that I don't know a single professional money manager who thinks BTC holds legit value as an asset. When people complain their diversified risk returns aren't enough we have an inside joke "maybe you should buy Bitcoin".

Feltzinclasp5

CFA/CFP here. Build out your short term funds first (emergency savings + any short term purchases) and then buy index stuff with your long term

KissmySPAC

"I don't know anything" is right. Stop spreading nonsense. Ur not a CFA.

ndwillia

Technical analysis is not about predicting the future or being “accurate”, which is the common misconception. When used properly, it is a tool used to **mitigate risk** Referring to it as “tarot readings and voodoo magic” perpetuates the idea that it is not useful. You gotta be careful with carvana and understand the history of the payment in kind agreement they have with root insurance (ROOT). It has been a meme stock since like forever, and they’ve been able to float earnings for quite some time with creative accounting surrounding the aforementioned payment in kind agreement. I agree with your bearish thesis and I think carvana will go bankrupt/cease to exist by end of 2027, but it’s very easy to lose a lot of money very quickly with puts on this stock if you aren’t hedged appropriately. **You don’t have to say “I’m not a financial advisor, this is not financial advice” to cover yourself from liability. The only people who can be legally held accountable for giving financial advice are CFA’s. You or I can recommend anything we want on the internet without fear of repercussions. The very existence of this subreddit is a testament to that fact (if individuals like yourself could be liable, this subreddit would not exist as it would be an even bigger liability to Reddit as a publicly traded company. Cheers

n2_throwaway

The problem is, no amount of retail cashflow will ever stabilize Bitcoin. Until large commodities contracts or swap lines are issued in Bitcoin, no amount of retail degen trading will offer the same liquidity that dollars, euros, pounds, or the yen offer. I think the bull thesis for Bitcoin would be if any country starts to actually back bitcoin by holding onto a Bitcoin treasury and managing debt using Bitcoin. Candidate countries could be countries that don't already have a fiat currency of their own, like users of the CFA or El Salvador (which was forced by the IMF to stop accepting as legal tender.)

danisanub

Yes, I have over a decade of investment sales experience (institutionally) and most job specs say preference for a CFA or CAIA

danisanub

If you are serious about a career transition, look into the CFA or CAIA programs. The CFA is brutal, CAIA is more manageable and can be acquired within a year.

me_no_gay

Call Ea-Nasir (he has PhD in Mesopotamian Economics and CFA) to manage your copper portfolio

Competitive-Ant2876

Lmaooo you don’t know what a CFA is also your triggered man let’s take a breather it’s not that deep

RealEstateWindsor

CFA Level 1 means jack shit, I didn't ask for your resume kiddo. I also own zero Tilray. 

Competitive-Ant2876

Bro what lmaooooooo you must be holding heavy bags to be this triggered. Check my comment history. I come from a financial background and have a CFA level 1. I’m not Warren your correct but I’m also not delusional & im pointing out the obvious. I trade this sector and the spy and hold long term investments in sectors I understand and most my portfolio is allocated to dividends, & reits. I just recently rotated 20 percent in to energy & infrastructure. I’ve triggered a Tilray bag holder though lmaoooo.

Feltzinclasp5

CFA/CFP here. XEQT is fine but it is full equity exposure, so you should figure out if that aligns with your personal risk tolerance. For gold, and for investing in general, try to avoid fomo. Yes gold is the hot ticket item right now but don't buy it just for that reason. If you really want to buy at this price I would buy KILO. They have physical bullion, it's currency hedged, and the fees are low compared to their competitors.

Perfect-Obligation60

Ty, also saw that you listed WACC and discount rate looks appropriate. Great work Mr. CFA!

Revfunky

It’s always nice to hear from the belly of the beast. This is value investing at its core. BRKB-PSHZF-COPY utilize comparable strategies. I’m really high on COPY as they combine insider buying with value. Thank you for posting. This more than the mere flotsam and jetsam we normally get in this sub. I do have some questions if you could oblige me. Do you use a trailing stop on the holdings? If not, how is the exit decided? Do you have access to a Bloomy? Do you utilize any option strategies? LEAPS? Do you use any technical analysis? CFA at 19. Most impressive. These are tried and true strategies over time. NAV arbitrage works. Ultimately price is the only thing that pays. Allocating part of the treasury into Bitcoin sounds insane to me. You’re an analyst. What is there to analyze in Bitcoin? There are no earnings, rent, income, sales, or dividends.

Himothy8

I’m doing my SIE right now, and this summer break I’m studying CFA L1

Himothy8

You have your CFA level 1 at 19?

Feltzinclasp5

Sorry about your Mom. As a CFA let me give you some advice. Read Eugene Fama's efficient market hypothesis. Then read it again and again, until you understand that you have no competitive advantage to trade against the current market sentiment. Assets are not being diversified outside the US as of yet.

Feltzinclasp5

CFP, CFA here. Are you baiting? Nobody is forcing you to use a 401k. For some people the benefits are marginal, but there absolutely are advantages to using one. The ability to defer taxes on income is a powerful financial planning tool.

Napster-mp3

I started getting a large fruit bowl instead of fries with my sandwich at CFA because I matured

Chrg88

Major cheat meal tonight. Spicy chicken deluxe and a couple chicken tendies with CFA sauce

0lawy

For those who have studied or are studying finance and economics: Did the CFA program help you gain mastery in options trading or the stock market in general? If not, what resources or experiences helped you develop expertise in the market, and specifically in options trading? I’m particularly interested in options and want to focus on building my own wealth rather than pursuing a corporate career.

EthanRio

CFA isn’t worth the stress buddy work at Wendy’s

Guilty_Psychology_28

Any of you regards have your CFA? Is it worth it?

Feltzinclasp5

CFA, CFP here. Gold is half on my current portfolio and will likely stay that way for the foreseeable future. There are a ton of reasons to own gold at the moment. I bought at $2800/oz and people think I'm crazy for not selling at $3300, then $3500, then $4000..... Goodluck out there

Brilliant-You-7416

Do your due diligence on geeks of finance. When someone claims to be a CFA or have high level credentials, they don’t hide their identity unless there are reasons to hide it. Listened to their Discord live feed. It’s shady.

johnnylemon95

I started learning at university and then continued through various textbooks, my finance masters degree, CFA course, and various online resources and continuing professional development. If you’re just getting into learning about stocks and options there are very many great and free video series on YouTube that go through the basics. Spread your net wide and don’t wholly rely on a single source of information, as you can get stuck in someone else’s biases. You don’t need to go to uni to learn a lot of this stuff though. I just really enjoyed it. You can learn all this through online websites. Investopedia is pretty good for a basic understanding and is quite handy for you at the beginning as both a source of information and introduction to understanding things like derivatives contracts.

Doxtator

I only have access to the summary which indicates Goldman remains cautious on SLK approval for HS, and the sell rating reflects 'market expectations' of a high risk around FDA approval. They were also rated a sell beforehand, but the price target was raised from $8 to $10. This isn't groundbreaking research. This is noise. SLK data continues to show a robust profile of safety and efficacy. The summary appears to show the rating is driven on negative sentiment and cautiousness. I laid out why I believe MoonLake is being undervalued by the market, and despite the missed endpoint; the SLK data remains incredibly strong. Eventually the FDA is going to decide this one, and they aren't checking Goldman's notes on market expectations and cautiousness, they are reviewing the data. There is still a report out from Samantha Semenkow from Citi on MoonLake with a $5 price target citing financing overhang. MoonLake ended November with 380M in cash on the balance sheet, and added 75M via a equity raise in November. They have a cash runway well into 2027, and a non-dilutive debt facility already in place. Look at the analyst ratings and make your own decision if there is alpha there.... https://preview.redd.it/4f4rngnnmidg1.png?width=2088&format=png&auto=webp&s=12fa9e1687b3c5b5be5d8b87748d6aac36ddf62b Analysts can sometimes miss the story, and I think MoonLake is one of those instances. Over the next month we are going to get updates on the 13F's coming in to show how actual fund managers like Mark Lampart at BVF feel about MoonLake. Going into year end this was a name where I think it became very attractively priced, we'll soon know if the smart money was accumulating here despite the negative sentiment and cautiousness. We have an investor day in late February which should bring additional data readouts and updates. That's my research note on this one for this morning. I've bought personally as recently as last week, so I think you know my rating, and my price target involves using multiplication tables. Richard Doxtator, CFA

MechCADdie

The 20+% is from the top income tax bracket (which is removed from traditional 401k or IRAs), so you would not need to pay taxes on that until you withdraw, at which point, if you only siphon as much as you immediately need, will result in minimal, if any taxes.   You could argue that if you go with Roth, it's more like 15% (long term capital gains rate), but these would be to the money that could be put away vs taken, invested, and withdrawn.   401ks have a $22.5k limit, so it's hard to hit, especially if you are married filing jointly and those contributions are significant, especially over a decade of contributions. >I'm just not willing to lock up funds for decades just to escape the tax man. The opportunity cost alone makes it not worth it to me.   Ultimately, it's your money and you can spend it as your financial situation calls for.  It's not on the merit of paying your fair share so much as it is about properly utilizing the tools and resources available to you.  If you don't intend to blow your entire net worth on something, then it's better put into a place where you are less inclined to spend it on an impulse.  You can withdraw roth funds at any time and there is simply a penalty for withdrawing early if you absolutely have to. Don't get me wrong, I fully understand that some people have a very protective stance with their property and it's scary venturing into this territory with your own money, but that's why you're here, in this forum.  If you want better advice, you can talk to a fee based fidelity CFA/Fiduciary.  Just don't go for the ones that charge based on your portfolio.  They will be inclined to just sell you on the ones where they get the best commission. It's my personal opinion, but IRAs kind of suck and they are kind of a diet retirement plan...they still work and I still max mine out, but once you break past like $75k/year, it starts to fall off hard.

tombrady011235

Has anyone here take then CFA

Ok_Response_9510

These are pop culture finance books, maybe something academic like a finance textbook or CFA materials.

thanatos0320

Try reading rhe CFA level 1 curriculum, then move to level 2... or better yet, sign up for the exams and take them ;)

joo_2000

The CFA thing isn't just marketing... Tan actually applies traditional portfolio frameworks to DeFi.

stoned2brds

Literally. Your the reason I dont believe in democracy. How is your vote equivalent to mine, we are talking about finance and clearly you know nothing about it. Are you the one with the CFA?

OdoBenSisko

10 minutes of investigation, this is really sus. I checked CFA membership, there's no "Brxxx Cxxx" on record with a current cert. I did find a "Brxxx Cxxx" on Linked in from Atlanta who also claimed to be CFA offering services like: copywriting, web development, content strategy, video production. You know, typical "CFA" type stuff lol. For the record, Harxxx lists Bxxx as its only employee and his other current "clients" include: Basin Uranium Corp. BlackBoxStocks, Inc. Bonk, Inc. Canbiola, Inc. Eco Innovation Group, Inc. Go Green Global Technologies Corp. Grid Battery Metals Kaival Brands Innovations Group, Inc. Magellan Copper & Gold Corp. Pure Harvest Corporate Group Rapid Therapeutic Science Laboratories Renewal Fuels, Inc.

OdoBenSisko

Who's this Harbinger Research **Brian R. Connell, CFA** Senior Research Analyst? [https://content.equisolve.net/harbingerresearch/media/8900f171f82fe6e744f7287ad23431a3.pdf](https://content.equisolve.net/harbingerresearch/media/8900f171f82fe6e744f7287ad23431a3.pdf)

BNeutral

A CFA certification, while it has some small amount of TA as part of the curriculum for completeness, has little to do with what we are discussing.

Pezotecom

CFA used to include an introduction to the concept of TA, and it does not anymore.

According-Tip-457

lol I manage $16B kid. CFA. I manage money for a living. You should sit down before you hurt yourself. You don’t even have a Bloomberg terminal. PS the stat is 95% fail in the first year, 99% by year 2. If you ever managed money, you’d know what edge is and that it’s never given away. Retail traders are as dumb as they come.

crazybutthole

Just to check it out. Watch an episode by CFA Joseph hogue. He has a lot of followers so he is not a potential partner. But he can give you an idea of what talking about content can look like. He has lots of videos showing his portfolio and posting about winning strategies but he also has some videos about creating passive income streams (He is adamant that if you are creating videos and posting and working to gain subscribers - that is not a passive income stream cause all that stuff takes time) But - if you had a partner and its as simple as you continuing what you do - fine great plays and email them to your partner and they post them. Then it's an extra 40 seconds of work for you - instead of just finding the play and putting in the buy order you add an extra step of sending the play to your "partner." And they do the rest (creating the content) You might make a tiny profit in the first few months but if your strategy really worked and made great picks consistently - it could grow to many more followers. Again just an idea. Nothing is super easy or you won't make money cause everyone would already be rich off it.

SchwiftySchwifferson

Anyone else studying for the CFA, V

Competitive-Ant2876

Listen, I am engulfed in the micro of cannabis, usage trends, cannabis v alcohol, state by state regulations, I also have a BDSA subscription so I see state by state brands private & public brands and how each performs in each category. I have a background in accounting and a CFA level 1. I understand investing and filings. My opinion- just an opinion- is that these public companies need a moat. Everybody sells same product, it’s a commodity. Like coffee. Best brand and quality wins. Also A moat doesn’t happen until interstate commerce happens. This allows these MSOs to divest assets since they won’t need to be vertically integrated in each state which is a game changer & would help tremendously towards a profitability path. Would also entice strategic partnerships. Also “smart money” will not invest directly in these businesses (specifically mso’s, they already got burnt w LPs), they will wait for alcohol or tobacco to take stake, then increase their exposure in said company, perfect hedge. Hot take: federal legalization is years away so no company will be able to import cannabis to the US but the US can export. That will give companies some edge. Diversification and being in able to compete in competitive markets will go a long way. Everyone hypes up GTI (I have a position) but nobody talks about how they are mainly in limited licensed states, 80 Percent of rev comes from same store sells, so they control who they compete against. There’s other Tier 1 ops who actually compete in markets. Thanks for listening to my Ted talk. Lmao.

CouchPotatoFamine

So, now that you are a CFA Charterholder - you are pretty much in the black? Or is it still really just gambling at the end of the day...

Shapen361

I'm a CFA Charterholder and still have lost plenty of money (but tbf I wasn't a Charterholder when I did, only a candidate.)

One-Two-218

Seeing Tan's CFA background caught my eye too. What mattered more later was how consistently risk management and those portfolio principles showed up in the material.

Own-Training5512

I had all the advantages - MBA, CFA, long career experience as a professional investor and then I lost much more than this , recovered, lost again, recovered, then the third time was the end. I kept trying to make it back and it just got worse - but most of all it was the inability to forgive myself and resulting depression that I kept trying to “fix” with winning trades. Unless you can be completely unemotional and fearless and disciplined - all of which is much harder after big losses - you have to walk away from trading or it will take your health, happiness, family and everything else the way it has for me.

Risko4

No it's not, fake credentials of "my friend" made millions while you steal a strategy word for word of a 20 year old video so you can role play is fucking weird. I'm aware markets are fat-tailed but nassim taleb is just an intellectual grifter, not a source for market mechanics or for advanced mathematical modelling to be built on blindly. Ask any CFA or Quant.

SchwiftySchwifferson

Should be studying for the CFA, but playing war thunder instead

Many_Easy

Non-stop sadism with his casket shitting. He/her studied 3-4 for a level one CFA and thinks he knows everything. He/she may become a savvy investor someday, but needs more experience and education. And less ego.

Nuvuser2025

Man, here I go, asking someone who’s partially through CFA “how was it?”   So, how was it, so far?  I need  to do something in life besides these FINRA licenses, because pay has tapped out.

Cool_Ad_5101

I will take a stab at it. What are your GOALS? (R)Isk tolerance, (R)eturn. Figure that out, and then ask whats your (T)imeline, (L)iquidity needs and do you have any (L)egal or(U)nique circumstances? This is classic CFA level III portfolio construction questions. That said, I believe in this industry and am long Greenthumb, Trulieve and Cresco Labs. Was long tilray from 2016- 2024 but think Irwin and the CEO or Greedy cunts that are extracting as much wealth from the shareholders. So I am not a fan. There are others here that love them. Ask yourself why YOU sold Tilray? If you don't need the money, want to be part of the industry growth I would buy Greenthumb and maybe some trulieve. These are the top MSO's. I would also, buy only as much as you are comfortable holding a while and DON'T overweight your portfolio if you don't have conviction. Again, this isn't financial advice but, hopefully it gives you something to think about. There are some really good opinions on this board, hopefully they pipe in.

Kontrav3rsi

Waiting to buy after the market crash tonight. Gonna be a BLOODY Friday, wait until at least Monday. DDD, NFA, CFA

PandaCalves

OP - these days, anyone who isn't advocating for 'DCA'ing into an ETF' is branded as speculative. Not trying to argue with anyone here - just noting that for most of American history "picking stocks" was considered investing. From that perspective, the foundation for investing education has long been "Security Analysis" by Benjamin Graham and David Dodd. Warren Buffet was famously a student of Benjamin Graham's...and, his famous advice to new investors was "start with the A's," I.e. look at all of the public companies, and do your research. As for formal training, the modern era has leaned into quantitative analysis, but the modern standard for training is the CFA. https://www.cfainstitute.org/

Competitive-Ant2876

Bro what? Are you schizo? We have had this conversation in the past. You’ve spoken on my education in the past for whatever reason. I have a background in accounting and have CFA level 1. I know what I’m doing. The portfolio I have and manage is doing quite fine. I told you good job for making money in Tilray but I still don’t like the company. Not everyone has to agree on if a company is good or bad? Seems like I triggered you. Should be more relaxed with all your Tilray gains.

Fast-Echo8504

Hi all, Looking for advice on if I should trim / rebalance my portfolio and or hire a fee only CFA per the wiki. Link to Portfolio: [https://imgur.com/a/oQhQUw2](https://imgur.com/a/oQhQUw2) For context, I have three accounts that I have historically self-managed: 1. Individual that is taxable where I buy and hold (rarely sell, if ever) 2. Roth IRA that I max out 3. A speculative account where I buy and sell (maybe once or twice a year) in terms of achieving outsized growth. I also have a 401K that is maxed out but excluded here since it is all target retirement date funds.

Green-Yam-8510

One thing I’ve noticed is that most genuinely useful investing education tends to come from either local investment clubs or university-adjacent programs rather than “courses” marketed online. Those usually focus more on process and decision-making instead of signals or hype. If you’re open to it, you might try looking for a local CFA society, finance club, or even continuing-education programs at nearby universities — a lot of them run in-person workshops or discussion groups that are more grounded than influencer-style stuff. Curious what style you’re hoping for though — fundamentals, technicals, or more of a portfolio / risk-management focus?

PandaCalves

Unfortunately, I think that many mass market "Learn to Invest" courses are either a scam or an avenue for an advisor to sell you something. If you really want to learn the fundamentals, it might be worth studying for the CFA. https://www.cfainstitute.org/programs/cfa-program

eska089

It's relevant because pension funds don't just buy the S&P 500 ETF. They hold diversified portfolios (value, small cap, international) which have lagged way behind the Mag7 tech stocks. This triggers the "Denominator Effect." Because their broad public portfolio didn't keep up with the headline index, but their private equity holdings didn't mark down, their allocation to PE mathematically jumped over their allowed limits. They are literally blocked by their own risk rules from investing new money. That institutional freeze is exactly why PE firms are suddenly desperate for retail capital to fill the gap. And this is not just my opinion. State Street’s 2025 survey explicitly says 56% of institutions expect retail to become the dominant funding source because traditional LPs are tapped out. Bain calls it a “liquidity bottleneck” and the CFA Institute calls it a trap for retail. The data is all there, I didn’t say I looked into the data for nothing, I actually did 😅

Many_Easy

Anyone with market knowledge would likely not forecast valuation at such lofty levels such as a Cresco 9x. Look for analyst reports from a Wall Street analyst with a CFA designation. Ideally from Goldman Sachs and JPMorgan Chase. Pablo Zuanic is also good. Jefferies tends to overestimate valuations. Ignore clowns like Alan Brochstein and YouTubers like The POW Group and The Dales Report.

Many_Easy

Texas A&M grad, dresses like an adolescent, public feud with Green Thumb & Ben Kovler, frequent guest on TDR, no CFA, high fees & expenses, ETF doesn’t beat benchmarks, personality, front running probably, etc. What’s not to like?

One-Yard9754

Good job!! Like Bananas said, you need to put your money in cash. There’s a lot you don’t know about the markets, do you have any background in economics, finance etc? Start gradually building your understanding, you don’t need a CFA but you should be able to read and interpret a balance and cash flow statement. Start from there, get some books on technical analysis, fundamental analysis, the physiology of trading, etc etc. The beauty thing about the markets is that there’s always something new to learn!

Doxtator

POET Tech is optical interposers, this is so much more efficient than the current tech, and I'm going to say it - this technology literally moves at the speed of light. I had other orders out that didn't get filled I should have probably had a higher allocation here. This is going to be an incredible opportunity in the future. I'm not saying POET is MLTX. I'm have no plans on writing a report about POET, that is just a recent example, that came to mind of an investment that as mispriced. I DO have other companies I already have reports written on and sitting on my desktop, I have a few more that I already know I will write when I get the opportunity. For now, I'm using this as a distraction. While there is chaos around me you guys are giving me something I can focus on, and for me MLTX has become intertwined with my life story here. I'm thankful for that. I think I got those orders last couple orders in premarket of after hours, I'm not sure. The majority of my time during market hours are normally spent with my kids. I already liked the optical interposer technology when the news broke, but stock reaction was slow. It wasn't in the headlines, the headlines only discussed Marvell and Celestial AI. Don't rely on the headlines, do a little more digging. That goes for the MLTX trial fail headlines and shareholder lawsuit headlines as well. Read and evaluate. Use independent judgement. Do your due diligence. I haven't had quite the time I wanted in years to focus on and research and analysis. I started to make it a priority earlier this year. Or as much as I could while still taking care of the kids and managing a real estate business with over 100MM in sales over the last 5 or so years, which is to say up until now I haven't had a lot of time to direct into my personal interests. That has all changed. I'm not involved that business anymore beyond closing out some year end financials. I'm looking at only half the time with my kids, and my youngest will be in kindergarten soon. For some 2026, will just be a new year, for me 2026 will be a fundamentally new life. After next week, I'll probably be able to stop talking about MLTX for a while. I think we realistically have less than a week before the we hear about the outcome of the discussions in the FDA Type B meeting. If or when the company issues a press release, that window closes. Other than that, I'll wait for the minutes if I have to, but I don't expect this to be the case. You all know my situation. I'm going to have a lot more time now. The more I dig, the more opportunity I see everywhere. But we have to actually look, we have to spend the time and put the work in. Back to POET though. Data centers. AI. Quantum. The opportunity out there is huge. Look at the Marvell Celestial AI acquisition. When I heard that merger story drop it was a no brainer to buy more POET. I like investments I don't even need to think about. But, yes, I did my due diligence. All investments are not the same though with AI, at some point, we actually do have to start to think about the present value of discounted cash flows. I'm not going to go out and die on this hill, but there are some very large AI companies out there... I'm thinking of one in particular that has massive, spending, and very little revenues to show for it, negative profits. All while their first mover advantage is rapidly falling apart, market is share being eroded by other larger players in the space and at the same time model performance is being outshined by competitors. At some point we eventually need cashflows here. Valuations do matter. Maybe I was a little too critical of DCF in my prior comment. My apologies CFA Institute, my apologies. This is therapeutic. To circle back to your original question if MLTX gets close to what I see as fair value, (nowhere near the current market price) at some point I'm probably going to redirect a portion of the capital into other investments. But, I'm comfortable here. This isn't a trade, I trust the management team, I like the platform, the wide range of CID indications SLK can potentially address. At the core this is a long term investment. Thanks for the question disasterly213. I will say I'm probably not using WSB or reddit the right way. Or maybe I am... These comments are freely available, but essentially hidden, buried. These ideas available to anyone, but only seen by those who are looking. Maybe that is how it should be. That goes back to the thesis; do the due diligence. Put in the work and I think you'll be rewarded for that time. But on another note: if you find research or comments have value a little upvote every once in a while probably wouldn't hurt. That goes for the original post as well.

JudasRex

Taking the CFA and first chapter in the book, discussing the Fisher Equation, says essentially: Compounding is the real way to do this, but in practice we just use addition, as *normally*, theres no real difference in the sum. Text was written before Covid taught us inflation targets are a joke. Essentially, *in practice*, the banks save trillions of dollars a year by not following their own playbook.

Doxtator

I think this is a core holding for a bit here. Next year is just stacked with catalysts. Before I sell I need to see it be somewhere near fair value... what's fair though? 3X- This is around $45. That's still only 3 billion market cap, they already rejected an offer there - it was higher before the data drop, and I expect that next week they have a path to approval, It would need to be higher... 5X- Maybe I start looking at discounting back the present values of future cashflows... seriously though, I'm retired. I don't do that and you guys are going to glaze over so quick if I even start talking about the present value of DCF. It's so much easier than that. If you need calculate DCFs to figure out if a stock is worth putting new money on, it's probably not. (Sorry CFA Institute) I don't want to buy companies that are 15%, or 20% undervalued based on estimated future cashflows. I'm here to give you my best ideas on companies that are so undervalued we don't NEED to do math here. I'm not close to selling, I'm not calculating anything. MLTX can 10X long term, that is only 10 billion market cap guys. I trust they can do it, give them a couple years, and check back. I'm going to go to bed and I will sleep well knowing MLTX management is over there working hard to make us all rich. Realistically, though, I'd have to trim at some point and this is also dependent on other opportunities that are going to come up. Like POET Tech: https://preview.redd.it/2y3lc13cpa6g1.png?width=1962&format=png&auto=webp&s=5cdd30d355f14f41d8846187f7ad41cd76662c6f But POET Tech isn't my story. MLTX is. I'm holding, wake me up when they are 5X and I'll pay someone to do math. Just not that analyst from Citi with a $5 price target... Someone pull that report and DM me with it, it should be good for a laugh or two.

DonaldDuck2012

I liked his sign off signature Richard the Regarded , MBA, CFA

Iamgoingnumber2

Colonialism ended more than 50 years ago. The CFA is just better for some. It’s not fair and has its flaws but they can choose to leave at any time.

Doxtator

Most of my the assets that my wife won’t split in the divorce are, yes. But overall portfolio is closer to around 10%. Outside of hard assets, I don’t normally size this big percentage wise to an investment. Diversification, yeah I’m still a CFA at the end of the day. But when the opportunity presents itself… I have a few others that I would consider scaling that high, they also have inherently less risk than a biotech would imply, but also less upside. At the end of the day, this is still FDA dependent, but I trust them to do their jobs and look at the complete SLK package, it helps that the upside is massive, those other investments don’t have the opportunity to 10X in a year.

Iamgoingnumber2

Any of them can leave the CFA at anytime. It’s hard to start and maintain a currency. This is the main reason why they are still using it. Not Colonialism.

Iamgoingnumber2

Meh. Africa has had decades to say no and still can’t. It’s hard to start up a banking system and back it up. There’s a reason why over 200 million people still use the CFA.

Bojangles315

I decided to look at other comments where you gave financial advice to someone. I have a CFP in addition to regulatory licenses. After I finish the series 4 and 54, I plan to start on my level 1 CFA. I am more than qualified here. If you are retired and selling securities to pay your bills, you are correct. that's not very smart. securities is a very broad term though. What matters, is what type of securities are we talking debt securities like Treasury bills/notes/bonds, or corporation debt like traditional bonds. muni debt, like municipal securities. are we talking preferred stock which would likely trade more like a bond (think a seesaw) in relation to the fed funds rate? are we talking index funds, or even individual common stock. are we talking mutual funds, if so, class A B or C. meaning, is it a front load/back load fund, or a 12b-1 fee based account so you can't really give a broad statement like that without having more information ideally though, a laddered bond fund would be more ideal. depending on your risk tolerance and other assets. also your tax rate to determine what kind of bond ladder. for instance, muni do not have tax outside of the alternative minimum tax. in certain situations at least.

Upstairs_Whole_580

Yeah... I suppose, but there are people who have... FAR more money than they dreamt of because of NVDA and... it's probably not a bad idea to diversify. I myself am one of those people. Long story short, inherited money and real estate, College Roommate is a CFA who is very successful, told me about NVDA, I bought 1500 shares in 2019, 1000 more in 2023 and now it's 40% of my portfolio. It was more, but I've been selling the rental properties. I think it's going to 300 by the end of next year(fiscal year). So F'27. But it's probably not a bad idea to sell 20,000 and put that into VOO or BRK.b. I also won't do it... but I should.

Upstairs_Whole_580

I don't DCA. If I like a stock and I want to put X% of my portfolio into it, I'll buy 5000 shares right then. I bought AMD... which is a bad example because in the 70s, it was obvious. But I DO regret this one. AVGO. I caught that falling knife at 170 and I had an experiance CFA who I'm friends with who... pushed AVGO on me(he also pushed NVDA on me in 2019, so I listen) but he said just watch everything Trump's saying... and keep monitoring. So that's the ONE time recently I guess I did technically DCA. I bought 4750 shares at 170 and then at 140... I went back in for another 5,000... actually, 148. My 2nd is I NEVER follow through on my exit points and I'll often take off a stop-loss if I think it's stupid. Like NVDA... I bought 1500 in 2019, 1000 in 2023 and I said if if it got to 1000. Then I said... if it gets to 143, I'm out. Then it was 180, then 210... and I'm still holding and I got burned on this in '22 when it went from 325 to 120. Fuuck... I also have a 3rd. Since '22, I've been in NVDA, TSM, AVGO, AMZN, GOOGL, META, MSFT and that's about 90% of my portfolio. I'm 100% of the people on here who does NOT think the AI bubble has even started and I'll 100% be the person on here talking about how I was going to retire and raise my kids so I didn't miss time with them and now... I'll be working until 60 like a regular poor. But seriously, 240, I'm taking 20,000 shares out of NVDA and just putting that aside into bonds. I'm only 39, but I don't... want to have to hear ethe "oh, you have time to make it up." I also just cannot sell after those earnings.

MarketMikex

Got my CFA, looking to get into ER at 30 in NYC…. Any tips on networking/job hunting?

Many_Easy

Yet you’re are a budtender with an accounting “background.” Did you graduate? CFA is tough and congrats on passing level 1.

Competitive-Ant2876

Lmao I know it’s real as a budtender, I have my CFA level 1 and an accounting background.

Immediate-Badger-695

So I’ve been messing around with buying options just a day before expiry. Basically, I go all-in-ish, and if it jumps 30% in a day (or sometimes minutes), I take profit and close. Most of the time it’s OTM, sometimes it works, sometimes it doesn’t. I usually play with 1–2k, super risky, but honestly, I’m young, dumb, no house responsibilities, and have a pretty solid family backing—so basically just comfortable enough to experiment. I’m also studying for CFA Level 1, went through the curriculum, got curious about derivatives, and one of our educators showed some “for educational purposes only” options trades in class. I thought: why not? Just some backchodi, learning by doing. Sometimes I scale in, sometimes the trade literally closes in 2 minutes. I know it’s risky AF and most of the time I’m just watching options decay, but it’s actually a good crash course on theta, delta, and gamma in the real world.

Many_Easy

I’m not pumping - saying you like an investment & stating reasons why is not pumping. Exposed for what it is? What solid source? Has SEC come down on company? Nope. Getting paid? Don’t be ridiculous. Never. I have ethics and integrity. What textbook? Any investment class textbook found at AASCB accredited business school. Any CFA textbook. It’s easy for you to make false accusations, huh?

Jimmy_Trivette

CFA is fine because they're still predominantly in the south and they didn't alienate their core customer base though lol

Magnasparta1

Also idk if you mean you want a 300k balance or to get 300k from your investments but if it's the latter u REALLY need a CFA. There's a problem there. No one needs nearly that much AND it's unrealistic to a non-trader. That's 20% being used and not being reinvested. You could live the rest of your life in a other country without working AND be increasing net worth at the same time by just controlling spending.

Magnasparta1

Dividends probably not. Selling options. Probably, example. $270 UNH is around where Warren bought the stock. This stock already crashed. At 1.5M you can sell 50ish 12/18/2026 puts for 100k. You'll get the premium upfront. Cash secured puts will lock out your 1.5 million. But you have to kind of study and know what you are doing. The other problem is that usually you want to live below your means so that your remaining money gets reinvested and counters inflation. I would speak to a CFA and not strangers on the internet. Or study ALOT.

Competitive-Ant2876

I’ve been in the market since my senior year in HS reits, energy, some tech. I’ve been in cannabis for ever lmao. I have CFA level 1. Wanna bet we don’t get MAYBE anything till April? I’ll leave the sub forever. If I’m right you gotta cash app 1$ to everyone in this thread (not sub) so like max $182 bucks.

racer150

It’s called mosaic theory, CFA Level I, you should read about it.

Competitive-Ant2876

They will never be able to compete at scale. They are a “smaller” operator but do very well in the couple states they are in. This is talked about a great deal on water tower research podcast, oddly enough he said the same thing about a CFA friend liking it. lol.

Many_Easy

GRUSF (Grown Rogue) is a favorite cannabis stock from my CFA friend.

Emma_4_7

Unique seeing CFA-based frameworks adapted to crypto.

TheCuriousBread

Don't waste time with books and videos. Just take the Investment Foundation course from the CFA institute. https://www.cfainstitute.org/programs/investment-foundations-certificate Learn from THE school of finance.

SidonyD

Franc CFA I guess.

ReceptionFantastic25

Yes, he’s one of the most, if not the most, well known individuals that covers CFA materials across all 3 levels. Extensive knowledge in academia and industry.