1/2/13

Morning Monkeys,

A new year is upon us and it's time to think about all the different aspects of our lives that could use some serious improvement. Like many people, I'm realizing that there's many things that require some attention, especially in my professional life (isn't there always?) and so some resolutions are in order. As others have noted, it's important to keep your resolutions simple and concise so they're easy to follow. So, in order to best keep myself on track, I thought I'd share with the WSO community my goals for 2013:

  1. Network: I'm awful at networking. Painfully awful. It's not that I'm bad with people per se, but I'm pretty bad at getting out there and networking. I tend to blame this on not "knowing" how to network, but this is a nonsense rationalization. So, for 2013, my networking goal is to attend 2 CFA events (either as an attendee or a volunteer) and meet a new person at each one.
  2. Write a Decent Equity Research Report: I've given this a couple of tries, and thanks to the help of commenters, it's gone from "completely worthless garbage" to "not good". A huge leap but not quite to the point of "decent" which will take much much longer. Thanks again to everyone who's taken a look, although I'm wondering what to bribe everyone with now that I've tried "beer" and "scotch"...
  3. Trade More Actively: Like many people on this site, I have my own personal trading account, but sadly, mine hasn't gotten nearly enough attention. I'm currently sitting on an awfully conservative portfolio consisting primarily of dividend paying stocks which, while it's treated me well, by taking such a passive approach I've robbed myself of great learning opportunities that are found from researching new companies and sectors and being a more active trader.
  4. Clean Up My Resume: This should probably be a standing resolution. I don't know many people who have perfect resumes and mine is no exception. After being in my position for the better part of a decade, some spring cleaning on my resume is in order. In fact, I've seen the light and I might have to scrounge up $199 to get it looked at by someone here at WSO.
  5. Get to the Gym: Yep, I think we all could use some time at the gym. I used to be in great shape, then I was in good shape, and now "meh" shape. I started this yesterday, taking my own advise by trying out a tabata protocol of my own.

I have high hopes for 2013, and these all look very doable. How about all of your monkeys? What do you think of these resolutions? If you haven't already noted your resolutions, what are yours?

Comments (14)

1/2/13

Amen to all of those!

1/2/13

i can relate to 1,3,4,5. Not at that level of my career yet for level 2, but I'll replace it with pass CFA level 1. Any tips??

1/2/13

lostchimp:
i can relate to 1,3,4,5. Not at that level of my career yet for level 2, but I'll replace it with pass CFA level 1. Any tips??

CFA level 1 is a pain, or at least I thought so, as it's not terribly difficult material but there's just so damn much of it it's hard to not get wound up. I studied my ass off for months, but there's probably a much more simple way of passing :).

Good luck!!

"My caddie's chauffeur informs me that a bank is a place where people put money that isn't properly invested."

1/2/13

Thanks. Out of curiosity, how long is an average sized equity research report?

1/2/13

lostchimp:
Thanks. Out of curiosity, how long is an average sized equity research report?

anyone have tips on how to make one of these as a sample of your work? asusming you've made your own model, that is?
1/3/13

lostchimp:
Thanks. Out of curiosity, how long is an average sized equity research report?

I've seen initiation reports around the 50 page mark, but from what I've learned insofar, since analysts have 100s of these sitting on their desks, your first 20 words better be great.

"My caddie's chauffeur informs me that a bank is a place where people put money that isn't properly invested."

1/2/13

I find 1 and 2 kind of odd. Are you a FT employed?

1/3/13

prudentinvestor:
I find 1 and 2 kind of odd. Are you a FT employed?

Yes, for the better part of a decade. Why do you find them odd?

"My caddie's chauffeur informs me that a bank is a place where people put money that isn't properly invested."

1/3/13

mikesswimn:
prudentinvestor:
I find 1 and 2 kind of odd. Are you a FT employed?

Yes, for the better part of a decade. Why do you find them odd?

The reason being if you are FT employed how can you not write a decent equity research report. I understand they tend to be lengthy depending on the company but it seems more of a rookie issue. Same for networking, if you have been in the industry for a decade it seems networking should come pretty issue at this point.

1/3/13

prudentinvestor:
mikesswimn:
prudentinvestor:
I find 1 and 2 kind of odd. Are you a FT employed?

Yes, for the better part of a decade. Why do you find them odd?

The reason being if you are FT employed how can you not write a decent equity research report. I understand they tend to be lengthy depending on the company but it seems more of a rookie issue. Same for networking, if you have been in the industry for a decade it seems networking should come pretty issue at this point.

I'm in actuarial, not equity research, but equity research interests me which is why I'd like to learn how to write a decent report. Same with networking, I've been with the same company for the better part of a decade and I'm interested in trying something new, or at least exploring other options.

"My caddie's chauffeur informs me that a bank is a place where people put money that isn't properly invested."

1/3/13

prudentinvestor:
mikesswimn:
prudentinvestor:
I find 1 and 2 kind of odd. Are you a FT employed?

Yes, for the better part of a decade. Why do you find them odd?

The reason being if you are FT employed how can you not write a decent equity research report. I understand they tend to be lengthy depending on the company but it seems more of a rookie issue. Same for networking, if you have been in the industry for a decade it seems networking should come pretty issue at this point.

Last line should read "networking should come pretty easy at this point."

Ok, I get your story now. Good luck.

1/3/13

Callus:
who gives a ****

You?

"My caddie's chauffeur informs me that a bank is a place where people put money that isn't properly invested."

1/3/13

Same for me, but #2 different

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