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Level I

Best of luck everyone!

I’ll keep it short this year.

You’ve all been studying hard, and I wish each of you the best of luck tomorrow.

Alas, some of you won’t pass the exam this year; it’s a fact of life.  But it’s not a tragedy.

If you wake up on Sunday with family, friends, good health, enough food to eat, and nobody trying to do you harm, than you’re far more blessed than the majority of the world.  Count your blessings, and resolve to conquer this monster next time around.

You’re not alone.

Credit Enhancements and the Like

I’m not sure why there’s a distinction between credit enhancements, collateral and covenants?

Isn’t the point of all three of these to improve credit risk?

Last Day - 1 more MOCK or Review Formulas/Read “Secret Sauce”

Just like the subject suggests, I am going to prepare all day tomorrow (Thursday)…I am planning to take Friday off.  I have taken 3 Mock Exams…I believe I am scoring well.  Do you think my time tomorrow is best spent:

A).  Doing one more Mock Exam on CFAI (Exam C) and then reviewing the incorrect answers.  I have done 1 Kaplan Mock, and the 1st two CFAI Mocks.  

Ways to get questions answer explanation

Hi guys - When you study for CFA lvl 1, any questions that you aren’t able to understand even after reading the explanation, what are some ways you addressed your burning questions?  I’m sure posting question on this forum is one way but any other avenues?  Thanks in advance!

CFAI qbank

The 2nd quant section has a plethora of open ended questions (not talking about the “explain” ones). I mean the ones where there are no multiple choice answers, but instead a box for you to type oin your calculated numerical answer. Very frustrating especially when you have the correct answer but get marked wrong becuase of rounding or something. 

Last week CFA L1 strategy?

My mocks are showing I’m borderline passing right now…has been getting either 67% or 72%, aka I got all the major concepts, but it’s just the minor points hidden somewhere in the textbook that tripped me over. Re-reading chapters hasn’t done any good for me cuz idk what I should be paying attention to…. Any advice on what to do at this point?