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It's always nice to get something for free. Especially CFA preps

CFA is not for the people with empty pockets. Program enrollment and exam registration fees will cost from $990 to $1395, depending on the timing of application. Plus, it really helps to have some unofficial preps, like Schweser Study Notes, if you don't have time to go through the multi-hundred-pages official curriculum.

So, it's really nice to learn that some of that material is now available for free. Investopedia.com now hosts CFA Level 1 prep, along with Series 6, 7 and 63.

Even after spending 5 or so minutes browsing the site it became obvious to me that this is way too little to pass the exam, but it is still a very useful resource to gain an understanding of the topics covered and occasionally find one of the not-so-complicated formulas online whenever you need them. Not so bad for the times when salaries are not expected to increase for a while.

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CAIA Level 1 Exam

Last Friday I took a day off and headed to a local test center to sit my CAIA Level 1 exam. Without going into too much detail so as not to violate the non-disclosure clause one has to sign before taking the exam, here are some notes and personal reflections: