It was really nice explanation..
In the example of calculating returns, for period 2 and 3, shouldn't we subtract the fees paid to the fund management in previous years from the basis for the calculation of returns? I mean, that after the period 1 we do not posess the initial 120m to be invested, we have less on our account for the start. I think that's a substantial loss for the investor, that his amount of invested capital for next years is diminishing due to fees.
Will these notes be good enough to pass the CFA's? General question as want to make sure I am on the right path. I am new to the CFA program. Great video btw really was useful.
Hello, I would like to know if it is possible to study the material at home for personal finance? If yes where can I get the material ?
@AP-vw1ph