Level I

Ethics: CFAI vs. Schweser

Is the Schweser summary of ethics sufficient (~100 pages)? How many of you complemented their schweser ethics study with the original CFAI ethics book? I have a feeling that the Schweser summary is a little shallow, especially considering the weight of ethics in the exam (15%). Continue reading

When to begin June 2015 Lvl 1 prep

Hi guys,

I am a graduate in Financial Economics and Econometrics, and have been working in the Investment Management industry for just over a year.

I have registered for the June 2015 level 1 exam. However i am unsure of when to start studying for it? i have heard some recommendations not to start too early, in order not to “burn out”

Thanks!

J Continue reading

Best Question Bank to Use

Who provides the best question bank that will have questions that are close to the exam along with providing some kind of analysis or feedback on where are your weak areas Kaplan or Elan? Do you think the question banks are worth it and will help pass level 1?  Continue reading

I work at a cell phone store... barely studied... 100% short days before L1 exam as S&P 500 hit all time highs... "passed"

God is good.

I passed level 1 on my first attempt.

The night before exam results I was feeling down because I was convinced I didn’t pass. The next morning when I checked my phone I saw that I “passed”. I still wasn’t fully convinced. I have read news articles of people mistakenly getting acceptance letters into schools. “Maybe it was a mistake?” “Maybe I will get a follow-up e-mail saying I was sent the incorrect result.” Continue reading

capital lease question

You are currently reviewing the following information for JKL Corp.: 
 

Starting date of lease:    Jan 1st, 2002

Annual year-end lease payments:   $32,000

Term of Lease:   5 years

Buy-back value at end of term:   $55,000

Interest rate implicit on lease:   11%

Interest rate on company’s general debt:   13% Continue reading

december 2014 schweser material for june 2015 exam

I was suppose to sit for december 2014 exam but for some family issue i have to sit in june 2015 now. I have bought schweser premium package for december 2014, so can i use this edition for june 2015 exam or do i have to repurchase june 2015 edition.  Continue reading

Don't know what to do now

I’m sitting in december 2014 and I’m already ready scoring over 80 on all sections and i’ve done every EOC questions 2 times and all the assesments + both mock exams. What should I do now ? I don’t wanna stop studying because I’ll forget a lot of stuffs.. Continue reading

(S - I) = (G - T) + (X - M)

Hello everyone ! 

I would like to solicit your help on macroeconomics for AS/AD model… 
First of all, i read this part on schweser many times, curiculum, investopedia, wiki etc… 3 days that im stucked with this : 

The equation : 


(S - I) = (G - T) + (X - M)

as an example :

100 = 100 + 0


(or 100 = 0 + 100)



my explanation : 

100 of surplus from economy that goes on markets (after I is deducted) gives us = 100 borrowed by governement on markets for a G too high / T too low.
 Continue reading

Capital budgeting

If you invest 600 today 2014 , buying land, you have positive CF inflows(rents) for 15 years of 70 each year, and some positive NPV. It is now second year ,2016,you have bought the land ,but you have not started the project yet and you want to make new calculation of NPV as of today,2016 – what outflow as price you put  of the already bought land ? Continue reading

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