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I'm thinking of getting the CMT opinions wanted

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Jun 16, 2009 7:50 pm

Looks to me that being a Chartered Market Technician may be some info worth the effort.

  Anybody have it or have knowledge of the curriculum?   I'm trying to find things that will in fact add value to my business.   If you want to flame PLEASE be creative.
Jul 10, 2009 9:48 pm

Well I just bought the books and am signing up for it. It’s an 18 month gig. An additional benefit of the designation is it waves the series 86 if one wanted the 86 87 ‘Research Annalist’ combo which I do.

  Anybody have any experience with the CMT, comments / thoughts would be appreciated. And or the Series 86 & 87.
Jul 10, 2009 9:55 pm

I thought it was Certified Massage Therapist. 

Jul 10, 2009 10:11 pm

Nope BUT if you’re a hot young chick we can work out a deal.

Jul 10, 2009 11:36 pm

[quote=Gaddock]Nope BUT if you’re a hot young chick we can work out a deal.[/quote]

I’m a fat old man. I guess I’ll have to pay you retail.

Jul 11, 2009 12:09 am
DHK:

[quote=Gaddock]Nope BUT if you’re a hot young chick we can work out a deal.[/quote]

I’m a fat old man. I guess I’ll have to pay you retail.

  I can show you something you've never seen before ...   The OTHER END!   OUCH!!!!!
Jul 11, 2009 12:45 am

If you are planning on putting 18 months into something I would consider the CFA instead.  It is better known in the industry and would open up other doors for you down the road if you decided to change career paths within the industry.  I will admit I do not know much about the CMT though. 

Jul 11, 2009 1:08 am

[quote=LA Broker]If you are planning on putting 18 months into something I would consider the CFA instead.  It is better known in the industry and would open up other doors for you down the road if you decided to change career paths within the industry.  I will admit I do not know much about the CMT though.  [/quote]

You don’t know much about anything because you haven’t done anything except answer telephones at the home office of a broker/dealer. And lie. You do lie.

Jul 11, 2009 12:15 pm
The CFA is something that may be a good thing to have. I may consider it after I get the CMT. Getting the Series 87 is like getting a CFA lite. Fundamentals are far more long term.   I'm taking this for knowledge not to impress. Nobody has a clue what a CMT is for the most part.
Jul 11, 2009 1:01 pm
LA Broker:

If you are planning on putting 18 months into something I would consider the CFA instead. It is better known in the industry and would open up other doors for you down the road if you decided to change career paths within the industry. I will admit I do not know much about the CMT though.



You know nothing about the CFA exam, Cee Eff Pee. 18 months? The best of the best can only do it 19. It is the most brutal testing experience you will ever have.

Liars need not apply.
Jul 11, 2009 6:15 pm

Btw - Gaddock - I think you should go for it. You obviously have the drive and the basic knowledge.

Jul 11, 2009 8:56 pm

Thanks for the kind words.

  Books are on the way and I'm enrolled. I think it's a designation that will help me make $$$$. More practical IMHO than the CFP.
Jul 22, 2009 1:30 pm

CFA is tough.  19 months is if you can take level I in December without doing any prep.  I think 3 years is a good estimate if you really work, you really know statistics, you really know financial accounting, and you’re just a really good student - graduate level type.   I have an MBA in finance - my sense is level I is a really fair exam for someone who got a “generalist” MBA from a good school.  Level II - I took it twice, failed twice.  I thought I was a pretty clever guy but it was really difficult holding sessions 11-18 in my head without losing sessions 1-7 in the process, just an incredible amount of material.  Now, that was before i was in the securities industry, I was an engineering manager…so who knows maybe I’m smarter now, but I think I would have to put in 24 months on level II and III

Jul 22, 2009 1:56 pm

Personally, I can't believe that they have a market for country music all the time on that station. Though I guess people in Appalachia have to have something to watch between NASCAR events.

Jul 22, 2009 6:51 pm
NOVA:

CFA is tough. 19 months is if you can take level I in December without doing any prep. I think 3 years is a good estimate if you really work, you really know statistics, you really know financial accounting, and you’re just a really good student - graduate level type. I have an MBA in finance - my sense is level I is a really fair exam for someone who got a “generalist” MBA from a good school. Level II - I took it twice, failed twice. I thought I was a pretty clever guy but it was really difficult holding sessions 11-18 in my head without losing sessions 1-7 in the process, just an incredible amount of material. Now, that was before i was in the securities industry, I was an engineering manager…so who knows maybe I’m smarter now, but I think I would have to put in 24 months on level II and III



Level II is the hardest. Waiting level III results. Didn't seem as bad, but then again, I failed Level I, so who knows?
Jul 22, 2009 7:05 pm
Moraen:

[quote=NOVA] CFA is tough.  19 months is if you can take level I in December without doing any prep.  I think 3 years is a good estimate if you really work, you really know statistics, you really know financial accounting, and you’re just a really good student - graduate level type.   I have an MBA in finance - my sense is level I is a really fair exam for someone who got a “generalist” MBA from a good school.  Level II - I took it twice, failed twice.  I thought I was a pretty clever guy but it was really difficult holding sessions 11-18 in my head without losing sessions 1-7 in the process, just an incredible amount of material.  Now, that was before i was in the securities industry, I was an engineering manager…so who knows maybe I’m smarter now, but I think I would have to put in 24 months on level II and III



Level II is the hardest. Waiting level III results. Didn't seem as bad, but then again, I failed Level I, so who knows?[/quote]
Waiting on my LIII results as well.

I thought LII was definitely the toughest. 
Jul 23, 2009 2:51 pm

I just don’t have the energy to go through it again for a year or two…