Tuesday, December 9, 2008

CFA Class In Kuala Lumpur (Inti vs Kasturi)

I always get questions comparing different places for CFA tuition class. Therefore I decided to put them in the internet for your review. I only compare between Kasturi and Inti (the 2 most popular institute) in Kuala Lumpur for their CFA course. The rest are not popular and never heard of the name with poor review on them.

I prefer Kasturi because CFA level 2 class starts in November while Inti starts in January which left with only about 4 months time to study after minus all the holiday in Malaysia (usually early of the exam). I think their lecturers are more discipline and presentable. However the infrastructure at Kasturi is not as good as Inti. Kasturi do not have study area or coffee machine. However Kasturi's class are all within the same building as Inti always changes their class room and sometimes even to different building. In term of lecturer, only half of the Inti's lecturer are good. I have no comment on Kasturi's lecturer but recently it had gained more popularity (Katuri > 100 CFA students, Inti about 50 students). In term of pricing, Kasturi is cheaper (With IRC and registration, Kasturi (RM4200) while Inti (RM4800) . Transportation to Kasturi also more convenient and more eateries place nearby during break time. Hope you find my comment/review useful. Thanks.

Disclaimer: I do not get any incentive (cash, discount or any any other monetary and non monetary form) to promote any institute. All my review are all purely my personal comments. The information given is correct the at the point of writing ,however for accurate information please contact the respective institutes.
Click on below's table to view the comparison for CFA courses between Inti and Kasturi.

Thursday, November 20, 2008

Christmas Card From Banker


You'd better watch out

You'd better not cry

You'd better keep cash

I'm telling you why:

Recession is coming to town.


It's hitting you once,

It's hitting you twice

It doesn't care if you've been careful and wise

Recession is coming to town


It's worthless if you've got shares

It's worthless if you've got bonds

It's safe when you've got cash in hand

So keep cash for goodness sake, HEY


You'd better watch out

You'd better not cry

You'd better keep cash

I'm telling you why:

Recession is coming to town!


Finance products are confusing

Finance products are so vague

The banks make you bear the cost of risk

So keep out for goodness sake, OH


You'd better watch out

You'd better not cry

You'd better keep cash

I'm telling you why:

Recession is coming to town.

Tuesday, November 11, 2008

I'm Going To Krabi, However I'll Buy Thai Bath Later

I'll be going to Krabi from 4-7 January 2009. Usually, the last thing before we go is looking at the exchange rate... Time to buy now... ;) However I had never used any research skill in this. The only "research" skill is to survey between few different currency exchange centre and try to nego the best price.

I was thinking... perhaps can use some "bloomberg" this time. FYI, I am not a currency expert. Thus what I am showing here is purely just based on what info I can get from bloomberg. Its a bit late when i realise that the exchange rate MYR/THB was highest in July 08. However its still good to check now instead, incase anyone cant make it for the trip etc.


Referring to the past trend, MYR depreciated quite a bit from its peak in July 08. Partially due to the new budget announcement in August 2008 which has increased the budget deficit. However looking from the average 1 month moving average standing at 9.799 comparing to the latest spot rate of 9.743. In another word, MYR has depreciated more than the previous month.


You might say, hey it might fall further. Lets quickly buy Thai Bath now....... well yes and no... I am not god. So i don't know. But we can look at experts' forecast here at below's chart.


According to the bloomberg forecast, Thai Bath is expected to reach 10 (current spot 9.743) in the first quarter of 2009. Thus from research point of view. I would think that MYR will strengthen against Thai Bath early of next year. Therefore i will only start to buy when the exchange rate is reaching 10 ( at least 9.799).