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All posts for the month May, 2014

Risks in Fixed Income Investing

Posted by Bill Campbell III, CFA on May 31, 2014
Posted in: Level I Fixed Income.

There are quite a few risks inherent in investing in fixed income securities / portfolios.  Amongst them are these that I’ll discuss in this article: Interest rate risk Yield curve risk Call/prepayment risk Reinvestment risk Credit risk Liquidity risk Currency exchange rate risk Inflation risk Volatility risk Event risk Sovereign risk I’ll cover each of […]

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CFA® Level I Fixed Income Membership, CFA® Level I Membership

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Venture Capital Method (Funding)

Posted by Bill Campbell III, CFA on May 29, 2014
Posted in: Level II Alternative Investments.

The venture capital  (VC) method is an idea with which candidates often struggle, but it’s not nearly as difficult as some people would have you believe.  (I know: I say that a lot.  This time, however, it’s true).  I’ll cover a single round of funding, then multiple rounds of funding, and will include the IRR […]

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CFA® Level II Membership

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CPR vs. SMM vs. PSA

Posted by Bill Campbell III, CFA on May 23, 2014
Posted in: Level II Fixed Income.

All of these TLAs (Three-Letter Abbreviations) refer to measurements of the amount of prepayment on a mortgage-backed security (MBS, yet another TLA): CPR abbreviates Conditional Prepayment Rate, an annual measure of the prepayments on an MBS SMM abbreviates Single-Month Mortality, a monthly (duh!) measure of the prepayments on an MBS PSA abbreviates Public Securities Association, […]

This article is for members only.  You can become a member now by purchasing a

CFA® Level II Fixed Income Membership, CFA® Level II Membership

This will give you access to this and all other articles at that membership level.