…include everything that could be remotely relevant for a constraint, just to make sure you put down what they want to see? Of course, it has to be reasonably correct and not too wildly out of your imagination. For example, I will put into the unique constraint that the investor is not married and has no heirs, wants to travel for the next 6 months after getting fired, then has to search for a new job after the travel, etc. Or I will have 2 -3 time horizon stages more than a typical Schweser “For the exam” guideline answer, as another example. When grading the exam they can’t take off points, right? So would it be a better strategy to include as much relevant data as possible to be on the safe side? What’s your strategy?
if u have enought time…
I would basically just add 2 or 3 more relevant bullet points, no storytelling. Can’t imgaine that it will cost me that much more time. So I guess past exam takers would disagree?
if they are looking for one thing, and you write 4, they grade the first one your write. that is what I have been told. scatter shooting doesnt work. if it did, it would make the exam much easier.
^^^^ are you sure about this ?? i know it sounds stupid…but if they ask you for 2 points and the 1st and 3rd points you write are the correct ones…will they really not give you full points because they stopped reading after the second ?..
quantforCFA Wrote: ------------------------------------------------------- > ^^^^ > > are you sure about this ?? i know it sounds > stupid…but if they ask you for 2 points and the > 1st and 3rd points you write are the correct > ones…will they really not give you full points > because they stopped reading after the second ?.. This is correct.
Yup, tough love. If the question asks, for example, to justify with 2 reasons the grader is instructed to draw a line after the 2 reasons in a case where a candidate has listed more. Thus don’t waste your time offering more than the question asks for.
yeah, and I’ve also been told that cleverly including 3 reasons in one bullet doesnt work either. be concise and too the point. i see now how people fail this thing. just by being ambiguous you get cremated.
quantforCFA Wrote: ------------------------------------------------------- > ^^^^ > > are you sure about this ?? i know it sounds > stupid…but if they ask you for 2 points and the > 1st and 3rd points you write are the correct > ones…will they really not give you full points > because they stopped reading after the second ?.. The instructor of the 3-day seminar said in Boston that even if you have the first two right and your 3rd bullet is wrong, they will likely only give you half credit. He was big on following instructions to the T and saying sometimes less is more.
Answer the question asked, basically.
Thanks guys…for being spot on this…should help me save some time on the exam day…
Thanks guys…for being spot on on this…should help me save some time on the exam day…
I’m kind of shocked right now…thank you for the wake up call!
Edit: …but wait, for non-IPS questions I can understand. For IPS questions, however, they don’t ask for one or two reasons, they let you argue and justify your case. According to the above, if the grader’s guideline answers give X number of answers and you write more - i.e. hit the X answers on the head and write more, including “subjective” but reasonably relevant answers - you only get partial credit?