AFM 424Equity Investments
- Units
- 0.50
- Faculty
- Arts
When it runs
- F24
- W25
- S25
- F25
- W26
- S26
- F26
- W27
- S27
Ran in 3 of the last 7 terms. Winter 2027: not on the schedule. Spring 2027: schedule not out yet.
This course addresses principles of equity investments, including risk and return relationships, fundamental analysis of equities based on macroeconomic, industry and company-specific factors, financial statement analysis, and technical analysis. Portfolio allocation, performance measurement, and ethical and professional standards in the investment profession are also covered.
Prerequisites
- Must have completed at least 1 of the following:
Antirequisites
- Not completed nor concurrently enrolled in:
Leads to
No course lists it as a requisite.
Reviewed on UW Flow
55% liked it58% easy71% useful
From 11 ratings and 3 comments on UW Flow. The most helpful comments, quoted as written, without names. Read them all on UW Flow.
With new prof (Talha Omer) the course was very disorganized and hard to learn. Prof just read off ~100 different slides each lecture all from different online sources. Midterm was extremely unreasonable.
Aug 2025 · didn’t like it · 1 found this helpfulOn UW FlowRemove this
No final, lots of group work.
May 2018 · liked it · 1 found this helpfulOn UW FlowRemove this
Andrew was a great finance practitioner. He teaches you stuff that are outside the traditional textbook. The rotman trading was fun and teaches me why greed can ruin trades. Overall great course if you want to learn about actual investing.
Apr 2025 · liked itOn UW FlowRemove this
Discussed on r/uwaterloo
44 posts and comments in 30 threads mention AFM 424, June 2014 to December 2024. Quoted word for word, newest first; each reply sits under the post and the comment that started its branch. Search r/uwaterloo for newer posts.
Spring 2023
AFM 424 Midterm 3 points, 2 comments
u/moneysac619: “… On that note, I’ve missed probably 50% of my AFM 424 classes and have little to no idea what’s going on. Prof is Eccelstone and Midterm is in 3 days. Anyone have any idea what to expect? …”
u/DarkEmperor7135: “He mentioned it would be a multiple choice learn quiz + stuff on excel. For the learn quiz, anything he discussed in class is fair game. …”
u/Latancy: “Hey! I'm in my 2B term of AFM, I got my coop offer for Winter (Jan-Apr 2024). I'm planning on taking AFM 424 as my elective this coming fall. Can you give me more detail about the course? How hard is it? What is the midterm average? How can I do well in the course? Thanks!!”
AFM 3A electives 1 point, 5 comments
u/Latancy: “… I plan on taking a finance elective (most likely AFM 424 Equity Investments) with Professor Bruce Everitt. Has anyone taken this course? …”
Winter 2021
AFM CPA/CFA Pathway 0 points, 21 comments
u/Drip_Killa: “… AFM 424 - Equity Investments | (CFA) Spring (Year 4) - Co-op Fall (4B) 1. AFM 445 - Information Technology Assurance and Audit Analytics | (5) BA Spec. 2. AFM 427 - Intermediate Portfolio Management | (5) Financial Markets Spec.) 3. …”
Fall 2020
AFM323 vs AFM 424 0 points, 4 comments
u/jejiju: “Hi Everyone, I'm currently choosing between AFM323 or AFM424 as my elective for W21. Which one is relatively easier? I think they are both very applicable careerwise (please correct me if I'm wrong). Thank you!”
u/matbusuw: “AFM 424 is not a lot of work, midterm is tough (prof rounds it to 70 average) and the prof rounds assignments to around an 80 average... haven’t taken AFM 323”
Spring 2020
AFM 424- Anyone taking the course in the spring term? 3 points, 1 comment
Winter 2020
We have any stock trading/stock market classes? 7 points, 17 comments
“Does anyone know if Waterloo has any classes that are specific toward trading stocks and the stock market?”
u/arctdav: “Yes, AFM424”
AFM Electives 2 points, 1 comment
u/asdfwefawef: “Anyone have any experience with the following courses? \-AFM 377 \-AFM 424 \-AFM 321(when offered) \-AFM 478(when offered)”
u/20person: “I took AFM 424 a couple years back. Is there anything you wanted to know?”
afm 424 difficulty 3 points, 3 comments
u/XXZ1920: “Has anyone took this course before? Is it tough for non-accounting student? Heard it’s tough with Ecclestone...what is the grading scheme like?”
Fall 2019
How fucked am I 0 points, 63 comments
u/Born2ShitForcedTWipe: “What program. Depends on your program.”
[deleted]: “ECON 101, 102, 201 AFM 101, 102, 424 PHIL 145, PSYCH 101, CHINA 101R ... I probably forgot some.”
What courses are you taking next term? 7 points, 40 comments
u/cfa00: “CS 251, 245, 241 MATH 136, STAT 231, AFM 424”
Any suggestions for choosing the course next term 1 point, 2 comments
u/wxszd: “… I would be in 3A next term （2020 winter) and I plan to take CS240, CS241, AFM231,AFM424. I am not sure whether it would be proper to take another CS elective course (CS251) or just take a general elective course ( any easy course or some language course if possible). …”
Spring 2019
Has anyone participated in Rotman International Trading competition? 4 points, 5 comments
“The math faculty just emailed us to submit application to join the UW team in the competition. I wonder whethe it's hard to join the team or not, cuz I just finished first year. …”
u/ThatCoxKid: “I definitely recommend applying. I wasn't on the team but took AFM 424 (which uses Rotman Interactive Trader or RIT, the software the team uses). At the very least, it's a lot of fun doing simulations.”
u/-MrGoose-: “Courses mentioned in this thread: AFM424”
Check it elsewhere for Fall 2026
- Undergraduate Calendar, 2026–27The official entry
- Requirements for Fall 2026Waterloo’s requisite checker
- Schedule of Classes, Fall 2026Instructors, rooms, live seats
- Quest Class SearchWhere you enrol
- Course outlinesSyllabi from past terms (UW login)
- UW FlowStudent ratings and reviews
- WClassesPast sections back to 2004, and who taught them