I am running out of mocks (only one left from CFAI the candidates ressources). Is it worth it to spend $150 for the vol.2? Or would I be better off re-studying and re-doing the questions I have already done until now Continue reading
I’m constantly getting an average of 74% over 3 full schweser mock exams. After each session I go over the wrong answers thoroughly, understanding the concepts I missed that time. However, even with answer checkings, I keep getting 74% whenever I take a full new test. The score is not improving.
I’m thinking of two options till the exam.
1. Review the whole schweser books quickly to solidify the concepts.
2. Keep doing the rest of the mocks (and even attempt CFA mocks) until the exam. Continue reading
So, recently I ran into some family issues and probably won’t have time to prepare for CFA L1 exam on Dec but it’s too late to withdraw now, so I have to take it. My question is, are there any downsides to failing L1 the first time? Most importantly, will this be a potential issue for future employers etc.? Continue reading
I have a question about how the marking system on the Level 1 exam works.
I know that the actual pass criteria is a closely guarded secret and so forth so this might not get me an true answer at all.
Generally the consensus seems to be that you should get over 70%, however:
I stumbled on the following yesterday:
“An investor wants to receive $10,000 annually for ten years with the first payment five years from today. If the investor can earn 14% annual return, the amount that she will have to invest today is:
I believe the answer is A, since you discount the first PV of 52,161 to 1.14^5 (5 years from now). However they discounted to 1.14^4 and I do not see why.
Anyone can help? Continue reading
i don’t want to do a CFAI mock and then come to realize i can’t take it over again down the road couple of days from now. Are we able to retake the CFAI Mock? and Schwere’s Mock??? over Continue reading
I was kind of upset when I came across a mock question I got wrong because I used the 3 month T-Bill rate (3%) instead of the 10-year T-bond rate (3.5%). I was upset b/c in all the reading and notes I’ve done on this stuff I don’t recall anything about one being preferred to the other, and if these are the types of questions CFA will be asking on the exam, I’d be a bit disappointed. So can someone direct me to where this is specified in the curriculum? Maybe it’s everywhere and I’m just blind, I’m mentally drained!
So I realize it’s probably a little late for this, but when do you guys think is the best time to start reviewing the formula sheets with the Schweser Notes? So far, I’ve been reading all the chapters and answering the questions without any attempt to memorize the formulas. I’ve been averaging 65%-70% on most of the question sets, but I’d expect that number to get higher once I remember more than half the formulas. Should I just save the memorizing formulas part until the last 2 weeks and cram? Continue reading
Has anyone taken the CFAI mock on the internet yet? I have taken it and submitted it, so it was graded. But, now I go back in to my candidate resources and click on the mock and I cannot figure out how to access the questions and answers to review and see specifically what I’ve missed.
Anyone able to help me out here and show me how to get to the mock review? Is anyone else having this problem?
Thanks in advance. Continue reading