Anyone tried this. Essentially you just answer 55% of the questions you know 95-100% are right, and then just circle a random letter for the remaining 45% (1/3* 45%= 15%) So you’d have 55% + 15% = 70% pass This way you just randomly guess on derivs and pension accounting, while nailing ethics, corp fin, equity, alts, and some of the easier areas. Sound good?
except its impossible to nail ethics unless you a) know the answer beforehand or b) you wrote the question (which would technically put u under rule a) if you get 12/12 on ethics, please message me, youre gonna be picking my mega millions/powerball numbers
If only it were that easy to get 95-100% on 55% of the material.
cfa_mixer Wrote: ------------------------------------------------------- > if you get 12/12 on ethics, please message me, > youre gonna be picking my mega millions/powerball > numbers Well I got 6/6 on the afternoon mock on ethics, but got 0/6 on the morning session, go figure…
I like this idea… but yeah if you can MASTER 55% of the material, i’m assuming the rest of the material should be a breeze too since you’re borderline genius (or study full-time everyday all day no social life haha)
The approach is simple. You have to master the easy questions. And just guess on the stupid hard ones that only give you 1 point. Each topic has easy parts that comprise 90% of that topic but will only consume ~70% of your time. The 10% of the rest of the topic will consume 30% of your time on that topic. Forget that junk. For example, in current rate vs temporal forget about calculating the CTA or translated NI. You’ll get 1 question asking about this, but will take up like 40% of your study time in that section. Worry about knowing everything else in that area. PBO pension cost formulas economic pension cost wtf barf… pure junk.
My guess is you will not get 95% - 100% right on the sections you know well. Too many poorly worded questions & curveballs. You have the right mentality though. A better approach is targeting 80% on Equity, FRA, + 1 or 2 of your favorite topics, to get to 80% on 60% of the test. That gets you 48/100 points. On the rest (40%), read it, be able to pick off the easy questions/make educated guesses, & make at least a 50%. That gets you another 20/100 points. That will put you @ 68%.
Nailing even equity would be tough. There will always be tuf/tedious question along with easy ones - even in equity. How about a long 3 stage FCFE calculation. Any1 can make a small mistake in that. Easier way wud be to read the secret sauce and pick up the low hanging fruits from all sections.
Generally speaking, I think quite a lot of people practice this in another form by basically studying up on certain sections and knowing them well and completely ignoring others. For example, I will be completely guessing on the statistics section - it’s basically 6 questions and gives me 18 additional minutes to spend on the sections that I know really well. A lot of people try to become experts in everything and this inevitably leads to people facing time pressure when trying to complete the test.