Using Morningstar ratings?
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Ok. I just have to clear something up. It’s a little thing, but it’s killing me because I’m going through the process to earn my CFA charter.
THERE IS NO SUCH THING AS “a CFA” or “Team of CFA’s”. This is an incorrect way to refer to someone who has earned the charter.
People have earned “the CFA designation” and can refer to themselves as “Borker Boy, CFA”. But they are not CFA’s.
[quote=army13A][quote=Sam Houston]
I saw a study once that showed 1 star funds (from the day they became a 1 star fund) outperformed 5 star funds (again from the day) over a three year period. FWIW
[/quote] I would love to see that; do you remember where you saw it? [/quote] I heard about this too. Here is an article written in 2003 that I found poking around. I am too lazy to actually find the study, but this at least confirms that the study exists. http://www.nationalreview.com/nrof_nugent/nugent200312050906.asp[quote=HAAIC]
[quote=3rdyrp2][quote=army13A]In my opinion, I’m an FA and my job is to prospect and make new clients and once I have enough clients, to service them.[/quote]
I hope this isn’t part of your Investment Policy Statement that you give your new clients.
Speaking of this, and I don’t wanna throw Army out as the martyr for my point, since I’m sure what he said isn’t exactly how he runs his biz. But if our job is to do whats best for our clients, and they aren’t getting properly serviced until the advisors biz is running up to what they consider its highest potential, then wouldn’t it be best for a client to latch on with an advisor that already has an established practice (and is still willing to take on quality clients)? I don’t necessarily think this is accurate (in many cases), but there’s definitely something philosophical about what is best for the advisor who is building a business vs. what is best for a client who is looking for an advisor to give them the quality service they think they are paying for.[/quote]homosaywhat?[/quote]
Gotta love the 4th grade humor. Spell I CUP out loud while you’re at it.
Point taken but it's just so easy to say a CFA than the individual who has earned the CFA Charter. Technically, if one earns the CFP certification, they're not a CFP, but a CFP Certificant. It really is just semantics but I'll respect you because you're going to be a CFA, lol. Had to bust your chops there one last time.Ok. I just have to clear something up. It’s a little thing, but it’s killing me because I’m going through the process to earn my CFA charter.
THERE IS NO SUCH THING AS “a CFA” or “Team of CFA’s”. This is an incorrect way to refer to someone who has earned the charter.
People have earned “the CFA designation” and can refer to themselves as “Borker Boy, CFA”. But they are not CFA’s.