Just failed L1 in Dec. Band 9.
Going forward for June, can I still use my 2013 Schweser books? I read somewhere that there have been large changes to Fixed Income?
Bad luck. You will ace it next time. Just give it adequate time.
I have generally observed that 80%-90% of the stuff remains same for the next year curriculum. You can study from your 2013 materials. However, visit the following website. They have a document for Learning Objective Statement (LOS) changes for each year.
Thanks Finkid
I notice there’s a huge amount of changes on the fixed income book - with many topics being removed and new ones added. I guess it’s best to buy a new book for this?
Yes, rexthedog. The Institute removed the commodities reading and replaced the fixed income reading. The FI portion is more globalized - central banks vs. US Fed, government bonds vs US treasuries, money duration vs dollar duration, and so on. There is a fair amount of content changes in that portion as well. While going through our questions, we tossed about 50% of our FI questions because they were no longer covered. (The other 50% could work with a lot of re-wording.)
Go ahead and treat the new FI topic as a new topic. For the rest of the material, the changes aren’t significant enough to warrant your time.
Download the file from the website and see if it has changed dramatically or just a tiny portion. You might even need to buy some other book as well if some other section has changed drastically.
I studied from Schweser 2012 notes but then looked online and saw that CFAI has added a whole new reading on credit analysis so I had to buy the FI book.