Hi All,
I have the Schweser Qbank…But i’m planning on getting either FinQuiz or Elan…
Any ideas which is better?
CFAI
Don’t recommend Finquiz mocks to anyone. First of all, there are several grammatical errors which is just annoying. Also many of the questions are worded stupid. I missed a question that said Tom is least accurate with respect to? Answer was neither stmt 1 or 2, implying that both statements were correct. So neither of those statments was least accurate? got it.
Also, the ethics asked a question where you had to know diff b/t required and recommended. I’m told this is not likely to show up on the exam. They want you to follow ALL procedures, recommended and required. So why highlight the distinction? If everyone clumps them together, then they’ll just follow all of it.
Many of the explanations are skimpy, as well. I have decided to stick with CFA and schweser for practice. BBs EOCs, Schweser mocks, and maybe some q bank. Throwing out my finquiz mocks.
FinQuiz indeed has many grammatical errors in its test bank (I’ve done roughly 15% of it).
Cons:
(1) Some very simple questions (reminiscent of Schweser);
(2) Lots of typos and from time to time (under 1%) a question which makes no sense as part of the question is missing;
(3) Explanations can be bad and I’ve encountered one or two questions I am sure they just got wrong;
Pros:
(1) The vignittes are not bad (not CFAI, but not bad);
(2) There are definitely some tough questions;
Pokhim - email me at gpmagnus @ yahoo . com if you want more info