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03-17-2011, 10:29 AM
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#1 | | Banned (ABWS)
Join Date: Mar 2011 Location: burnaby
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| Canadian Securities Course
Have any of you taken this?
Is it worth taking for your own investment purposes?
Some feedback would be nice or any tips
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03-17-2011, 10:42 AM
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#2 | | Oh goodie, 5 posts already!
Join Date: Mar 2011 Location: N.Van
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Where / when / how?
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03-17-2011, 11:03 AM
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#3 | | Banned (ABWS)
Join Date: Mar 2011 Location: burnaby
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03-17-2011, 12:11 PM
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#4 | | WOAH! i think Vtec just kicked in!
Join Date: Oct 2005 Location: Vancouver
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Personally I didn't find taking the CSC all that useful. You are better of getting a good handle on technical analysis. Although I wouldn't get too hang up on MACD, RSI, and a whole bunch of other craps that the TA community want to make you think its important. Some basic fundamental ratios like gross profit margin, operating margin, dividend yield, ROE, P/E is useful too. Which you can find plenty of information on Investopedia.
I took the course 2 years ago and paid about $750. It was extremely easy didn't a learn whole lot to be honest. You are better off using that $1,000 tuition towards getting a good computer and subscribe to real-time price quote software.
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03-17-2011, 04:51 PM
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#5 | | Revscene.net has a homepage?!
Join Date: Jun 2004 Location: Vancouver
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i agree with the above comment, CSC only applies if you ork in the finance/banking industry and it just gives you basic investmnt knowledge
although you dont really need a good computer, just a good trading platform software with real-time and have an investment plan/objective
as the saying goes: if you fail to plan, plan to fail
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03-17-2011, 07:54 PM
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#6 | | RS has made me the bitter person i am today!
Join Date: Apr 2002 Location: In your head
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No, it's fucking useless. Unless you need it for a job, don't bother.
If you look around, you can find pdfs of the textbooks.
If you really want to learn, get some pdfs of the first level of the CFA. It's way more useful than the stupid CSI shit.
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03-18-2011, 05:46 PM
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#7 | | Banned (ABWS)
Join Date: Mar 2011 Location: burnaby
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Thanks for the tip,
Ive learned quite a bit in my investment class in college like ratios, planning risk assessment etc
Saved me $1000  | |
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03-23-2011, 01:51 AM
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#8 | | I keep RS good
Join Date: May 2001 Location: Cosmos
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their derivatives fundamental course and futures licencing course are not bad if you have 0 knowledge of futures/options and you wanna get into that but duno where to look.
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04-01-2011, 07:58 PM
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#9 | | RS controls my life!
Join Date: Dec 2001 Location: Burnaby
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hey I'm know someone hiring a person that needs CSC, it's useful. A lot companies are looking for peole that have this.
__________________
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04-05-2011, 09:46 AM
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#10 | | Banned (ABWS)
Join Date: Jan 2009 Location: Vancouver
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I took just about everything and most of the stuff is a waste of time.
The CSC is like graduating from high school in the financial world. It means career wise, you're probably going to need it just to get your foot in the door with a lot of positions.
All of the courses have NOTHING to do with performance and while you will learn bits and pieces here and there that might help you to improve yourself, it will have little effect otherwise.
I fell into that trap by taking every course under the sun to keep up with my CE credits for my CFP (which was also a waste of time).
It all depends on what you want to do.
It's all experience. It's all WHO taught you and how smart you are (I'm not talking about taking tests here).
All depends on what you want it for. That's like asking if a LLB is useful. It depends on what you want to do.
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04-11-2011, 03:04 PM
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#11 | | RS.net, where our google ads make absolutely no sense!
Join Date: Apr 2002 Location: vancouver
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if its for your own investment purposes, save yourself the money and just read some books. if you really want to learn the CSC stuff, just buy some used books from someone.
I took the CSC/CPH/WME for work. Seeing as there's no class time, you're really only paying for the books and exam to get the title. I needed it to trade, otherwise i would say that you should save your money.
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05-14-2011, 03:11 PM
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#12 | | RS controls my life!
Join Date: Apr 2006
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Read the Intelligent Investor by Ben Graham, supposedly the bible of investments. Waren Buffet applies his method to all his investments.
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06-01-2011, 10:52 PM
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#13 | | I *heart* Revscene.net very Muchie
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lol, CSC is only required for the entry banking positions. If you have interest in the investment industry, don't bother with it. Oh, and it's extremely easy.
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06-01-2011, 11:08 PM
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#14 | | I keep RS good
Join Date: May 2001 Location: Cosmos
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| Quote:
Originally Posted by flagella  lol, CSC is only required for the entry banking positions. If you have interest in the investment industry, don't bother with it. Oh, and it's extremely easy. | i wouldnt say it's extremely easy.
extremely easy is something you read over once or twice and dont need to apply any practice and you're able to pass it still.
very easy is the learners driving test lol.
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06-02-2011, 01:35 PM
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#15 | | I *heart* Revscene.net very Muchie
Join Date: Jul 2007 Location: BC
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Well, I guess the word is subjective and I was comparing it to CFA exams I've written.
Honestly though, the CSC material is really just read over once and pass.
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06-02-2011, 03:55 PM
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#16 | | Ready to be Man handled by RS!
Join Date: Jul 2006 Location: Burnaby
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CSC is pretty childs play... you can cram each volume in a month and still pass.
It's essentially the entry level course into attaining your mutual funds license, or acquiring designations such as the CIM or PFP, etc...
Really, the course is a basic overview... and nothing crazy.
The only reason why I took it is because I am in pursuit of the CIM designation.
If you have a bachelor's.. you should consider going for the CFA
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06-06-2011, 12:09 PM
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#17 | | RS.net, where our google ads make absolutely no sense!
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| Quote:
Originally Posted by Ulic Qel-Droma their derivatives fundamental course and futures licencing course are not bad if you have 0 knowledge of futures/options and you wanna get into that but duno where to look. | If you don't plan on getting licensed. Don't take these. And you have to get licensed soon cause they only last two years. Same with CSC except it last 3 years. You can read investopedia for free. Don't get caught by this govenment money grab if you don't have to.
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06-06-2011, 01:03 PM
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#18 | | I keep RS good
Join Date: May 2001 Location: Cosmos
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^
i meant solely as just info, not registering for the course. you can just borrow the books/practice books from someone, or download the pdf's... lol i have em if anyone's interested.
depends what you want out of the finance world i think.
you don't need a CFA if you want to just purely speculate.
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06-06-2011, 02:39 PM
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#19 | | RS.net, where our google ads make absolutely no sense!
Join Date: Oct 2003 Location: VAncouver
Posts: 993
Thanked 864 Times in 179 Posts
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| Quote:
Originally Posted by Ulic Qel-Droma ^
i meant solely as just info, not registering for the course. you can just borrow the books/practice books from someone, or download the pdf's... lol i have em if anyone's interested.
depends what you want out of the finance world i think.
you don't need a CFA if you want to just purely speculate. | I agree then as long as you don't have to pay but instead of reading the DFC and the FLC, you could just read the DFC twice. Even some of the exam questions were repeated from DFC to FLC and then again in the OLC.
The CFA on the other hand, I can't imagine anyone doing that for fun.
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