The 80 is from year 4 onwards. So first you need to discount all the payments (of 80) to year 4 and then again discount it for the current value. So it looks like it is discounted twice but it is not so, you are just discounting so that you get the present value (as of today).
I feel like I’m just learning from the Mock Exams by getting questions wrong and writing it on a flash card. I’m sure I reviewed the material before but given that it was several months ago, I forgot most of everything.
Does anyone have feedback on the effectiveness of the 2015 BSAS mock? Trying to gauge whether it’s worth paying for to get some additional perspective or just stick w/ the 6 schwesers and CFAI.
I thought BSAS mock was pretty similar to the Schweser test. If you have more Schweser tests left to do, you probably don’t need to spend the extra money. For me the bigger value-add for the BSAS was that I took it at a CFA society’s location, so it was a good test run for logistics.
When you talk about the cfai mocks, are you talking about last year or this year? Can you comment on the CFAI 2015 mocks compared to the 2014 test?
Just took the CFA mock AM. Derivatives was brutal. And what’s up with the twisted residual income questions. I cant imagine having to work through that on the real exam. All this while, I thought L2 was like a session with a vengeful dominatrix. Painful yet weirdly pleasing. But after mocks, I feel like Theon with Ramsey in GoT.
Haven’t taken the 2015 mock yet but I have done lots of the assessments which I believe are similar. I find some of the assessments and item sets in the 2014 mock to be confusing, especially compared to EOC’s which are straight forward. The best way I can describe the exam is I never didn’t know what the question was asking, whereas with some of the assessments I’m getting that. The questions on the real exam are asked in a straight forward way so there’s no confusion but with that said the questions are still difficult and you have to know your stuff.
Thought I’d share my experience so far:
Wrote the Schweser 1 Mock, 66%. I was feeling pretty confident with that being the first mock I’d taken so I reviewed it and moved on to the Schweser 5 Mock (I like to mix it up sometimes) shortly after and plunked a 57.5%. I took a solid week of reviewing the previous mocks, formulas, and concepts before nervously writing the Schweser 2 and scoring a 76%. My confidence is back up and I just wrote the Schweser 3 and scored 77.5%. I’m not sure if the mocks I just wrote were a little easier or if I’m just getting better, likely a combo of the two.
I learned my lesson with the 2nd mock I wrote and was actually a blessing in disguise. Don’t stop pushing people. Pat yourself on the back after a good score but keep pushing. A little over a week left.
Good post banjo. This is no time to feel comfortable. I havent reached a 70 on any mock yet, but I’d be wary of getting complacent if I did. Gl all.
This is my third post about it, so you can tell I’m a little angry. I just wasted a day I could have spent actually learning something.
I found the BSAS test really, really bad. Lots of wrong answers, sometimes there are no right answers, questions that are poorly worded, items sets are about half the length of CFAI item sets, and for about 4 items sets they don’t include a vignette, they just ask questions Level I style. Add in the fact that it was way, way, way easier than the CFAI 2015 mock. I don’t feel like it helped prepare me at all, especially since with the number of answers they got wrong I couldn’t trust their solutions when there was something I didn’t understand.
Banjo,
What what the lesson you learned with the 2nd mock?
scored 66% on the official mock, 67 am 65 pm. hows everyone like those chances???
god i’m f****ed
72% on AM and 75% on PM, but I was lucky on a few points. Completely sucked at Ethics though, that is now my new least favourite section.
Why? Those are both passing grades in all likelihood. Would be nice to have a little more cushion. I’m sitting at right around 70% right now on official mocks.
maybe i’m too hard on myself. gotta fight for a few extra points these last couple days
I also failed Band 9 last agree with you, in part. But I think there’s usually a larger spread between Schweser and the official mock.
Last year I took Schweser’s 1,2, and 3 and scored 62, 65, and 67. On the official mock, I scored a sad 54%. So last year, for me, there was about a 10-point spread betwen Schweser and the official. This year I’m seeing the same thing, averaging 74% across Schweser 1,2 and 3 and having scored 64% on the official.
Based on my Band 9 results last year, I’m guestimating a 5 point handicap on the official and -5 on Schweser (because 59% seems like a reasonable Band 9 result to me). So if 63% really is the passing number, I would think that you want to be getting at least 58% on the official and 68% on Schweser to br within striking distance. To be safer, I would say 60% official/70% Schweser. To be comfortable, 65% official/75% Schweser. And if you’re doing better than that, you’re gold.
I’m personally like 60% across the board on both CFA and Schwser. But the frist mocks i wrote about a month ago… so i think i improved up to writing CFAI last weekend. I find the CFAI mocks much easier to understand, and i lose marks between the two exams for different reasons.
I think if you’re getting like 60 on CFA under exam settings, you have a good shot regardless of your Schwsr scores. I also failed Band 8 last year- weirdly i was scoring not far from where i am this year after doing probably 5 times as much studying.
I’m personally like 60% across the board on both CFA and Schwser. But the frist mocks i wrote about a month ago… so i think i improved up to writing CFAI last weekend. I find the CFAI mocks much easier to understand, and i lose marks between the two exams for different reasons.
I think if you’re getting like 60 on CFA under exam settings, you have a good shot regardless of your Schwsr scores. I also failed Band 8 last year- weirdly i was scoring not far from where i am this year after doing probably 5 times as much studying.
I scored 78% on the AM and 68% on the PM.
I don’t think the scores mean a lot, I still think I’m underprepared with just as much chance of not making it. Hopefully these last 2 days will cover the things I stagger with.
retaker 10 band. last year my CFAI mock exam scores was like 63% and 66%.
Pretty sure that pass rate last year was between 78-80 correct answers.
Forget about 63% as a pass rate, only if exam paper will be too hard and average score will be low…