Random Money/Business/Finance Thoughts Thread
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re: Random Money/Business/Finance Thoughts Thread
Posted by kfizzle85 on 3/5 at 10:28 pm to lynxcat
L2 registration today. Oh and LCPA you are welcome for your $400 fee to renew my cpa license (thankfully I found out the company will foot that). Buddy's wedding in 3 weeks then its all over for 2 months. FML I wish I was smarter.


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Posted by kfizzle85 on 3/7 at 8:23 pm to kfizzle85
Howard Weil bought out. Could be great for NOLA, could be awful. [LINK]


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Posted by lynxcat on 3/7 at 8:30 pm to kfizzle85
I am very happy my company will not/cannot be bought.


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Posted by TheHiddenFlask on 3/7 at 9:22 pm to lynxcat
Signed Merrill lynch 2007.


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Posted by kfizzle85 on 3/7 at 9:41 pm to TheHiddenFlask
A B4 would be a lot harder to pull off since its a giant partnership. You can't just buy out the stock. I can't imagine why anyone would want to do such a thing in the first place. Service lines, sure, but the whole thing? Nah.


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Posted by lynxcat on 3/7 at 10:46 pm to kfizzle85
quote:

A B4 would be a lot harder to pull off since its a giant partnership. You can't just buy out the stock. I can't imagine why anyone would want to do such a thing in the first place. Service lines, sure, but the whole thing? Nah.


No way the gov't would allow a B4 to acquire another one.

Service lines for sure...I think audit will always exist, but tax and consulting definitely have flex to them.



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Posted by TheHiddenFlask on 3/7 at 11:37 pm to lynxcat
I was just being a jerk. You guys are right.


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Posted by kfizzle85 on 3/7 at 11:52 pm to TheHiddenFlask
My sarcasm meter has been broken for months unfortunately.


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Posted by kfizzle85 on 3/8 at 2:05 pm to kfizzle85
Half the office is out, half of the remaining half is stuck in a CLE from 12-4. Just took an hour and a half lunch with 2 coworkers and drank 2 beers. winning.


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Posted by GregYoureMyBoyBlue on 3/9 at 8:04 am to kfizzle85
Just finished up flash cards for all the formulas and such for L1. I take them everywhere i go just in case i go take a dump. That's all


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Posted by TheHiddenFlask on 3/9 at 8:24 am to GregYoureMyBoyBlue
quote:

Just finished up flash cards for all the formulas and such for L1. I take them everywhere i go just in case i go take a dump. That's all


Damn, you are ahead of the game.

Very nice.



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Posted by kfizzle85 on 3/9 at 9:41 am to TheHiddenFlask
My books came in yesterday. Not studying for another week.


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Posted by GregYoureMyBoyBlue on 3/9 at 9:48 am to kfizzle85
With regard to the material in L2/L3, would you say that you use a good amount in your current career? Or is all the studying/preparing more just for the end goal of those three little letters at the end of your name.


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Posted by kfizzle85 on 3/9 at 9:53 am to GregYoureMyBoyBlue
I use stats, equity, and accounting stuff every day. We do a lot of fixed income and private equity/hedge fund valuation stuff too so I use that a lot more than I would have otherwise expected to. So yes I think the material has a practical every day purpose along with an academic one.


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Posted by GregYoureMyBoyBlue on 3/9 at 10:21 am to kfizzle85
I would love to be utilizing some of the things i learn to reinforce...unfortunately the whole reason i'm doing the CFA is to make it easier to crack into the that world.


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Posted by BigBoyTiger on 3/9 at 10:54 am to GregYoureMyBoyBlue
I passed Level 1 in Summer 2005. Anyone know if that credit is still good or how long it will be good for?


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Posted by kfizzle85 on 3/9 at 11:28 am to GregYoureMyBoyBlue
quote:

I would love to be utilizing some of the things i learn to reinforce...unfortunately the whole reason i'm doing the CFA is to make it easier to crack into the that world.


Sure, I think that's the case for most people. I mean we use a lot of it but its not like I'm planning on retiring here. At the same time, we do a lot of stuff that I get no practice with. Yesterday a bunch of people sat through a four hour webcast on monte carlo sims. We use them a lot but I haven't used it once since I've worked here. This is also the first day that I can really get away without doing jack shite the entire day.

quote:

I passed Level 1 in Summer 2005. Anyone know if that credit is still good or how long it will be good for?


I don't think they lapse at all.


This post was edited on 3/9 at 11:29 am

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Posted by BigBoyTiger on 3/9 at 11:31 am to kfizzle85
I may consider going back for L2 and L3 at some point. I am a registered CPA in Illinois. It depends on where my next career route is.


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Posted by kfizzle85 on 3/9 at 11:36 am to BigBoyTiger
Registered in La, but I actually just let it lapse accidentally. Luckily the company will pay for it.


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Posted by TheHiddenFlask on 3/9 at 5:26 pm to kfizzle85
You have 5 years between passes and then you have to restart.


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