It seems that I would be able to finish reading all subjects by this month end and then in begining of May, can actually start doing mocks.
Would like to know some thoughts on:
Would 30 days be good enough to improve in mocks?
Is it better to give a mock now (while I have still not finished 4 smaller subjects) to see, where I am?
Before doing a full mock, is it better to do some question bank or redo EOC?
I think level 2 is more about practice and finding the relevant infomration from the itemsets, as opposed to level 1 where all only the relevant inputs were given to you.
I would recommend you start with the mocks as soon as you have completed one full reading of all the material.
One month should be good enough in my opinion!
Personally, I am just finishing up reading (saving ethics for later) this week. I plan on taking 1-2 Schweser mocks this weekend to get a feel of where I stand with all of the subjects and then hitting EOC questions in those topics…and then repeat.
Advice from others needed: I haven’t bought the Schweser Qbank or CFA Sample Exams. Does anyone here recommend that I just stop being cheap and buy them or do Schweser/CFA mocks suffice?
I did some mocks a week ago to assess my week areas. Since we still have a couple weeks until the 30 day mark, I’m going to try my hardest to cement concepts that are still shaky. Then I’ll do a mock maybe next week and see how I’ve progressed. Then it’s a mock every few days and studying the areas I’m having trouble in.
Finishing up derivatives part 2 on Friday, which just leaves PM and Ethics. However both of those are pretty easy so I’m going to start mocks this weekend. If I get above 50% on the Schweser ones I’ll consider myself in good shape.
I just finished the morning mock and I highly suggest taking one. Like adq123 said, it seems like lots of the exam is about understanding what the questions are asking, finding the relevant info, and then putting it all together. My friend has the qbank, which I used briefly, and I found it to be very insufficient. The main problem with the qbank was that, like the L1 exam, the relevant data is given to you. Learning to search through the info in a timely manner is challenging. I saw a few previous posts (over the past 2 weeks or so) where people are emailing past year mocks, so that may be an option.
If anyone has purchased the CFA sample exams I would like to get your thoughts.
I wouldn’t buy them atleast until you have completed all the question/exams you have. I don’t know if there will be time for any additional review
Would any of you say that it would be good to do an ‘open book’ mock to see what an exam is like and work through the problems on your own, and if you cannot figure it out use formula sheets or notes to help drill down the concepts? I think that after finishing the reading where you are grasping to remember concepts from months ago, sitting down and just answering questions that may be guesses is not going to help as much as using notes, right? Whats anyones opinions on that?
I took my first one 2-3 weeks ago and I’m cramming now because I realized how deficient my knowledge is.
Highly recommended to take one early.
Doing the full mock (morning & afternoon sessions) tomorrow. Will post comments after…I’ve completed all readings, written my own notes, and done all the EOC Q’s so far.
Doing the full mock (morning & afternoon sessions) tomorrow. Will post comments after…I’ve completed all readings, written my own notes, and done all the EOC Q’s so far.
Got 58% on the morning and 73% on the afternoon…66% overall. Morning and afternoon seemed to have completely different topics for the most part, which differs from level 1 I think… I found you could probably answer about 50% of the Q’s without knowing formulas (more concept Q’s) which I like…Most of the Q’s that I had to use formulas I got wrong as I do not have any memorized yet.
Overall, I’m very happy with this…Should be able to use the next month to improve this!
Yeah, I got a 62% overall, but many of my mistakes were just because I didn’t know some formulas by memory or I didn’t know some specific part of the ethics standards. Once I get those formulas memorized well and steadily increase my knowledge over the coming month while retaining what I know, I think I will be good to go.
I counted what sections of the exam contributed the most to my total missed questions, and of course accounting and equity contributed the most (about 20% each), followed by ethics and fixed income (about 10% each), so I’ve been going over those sections again. I spent the past 2 days and reconquered the fixed income section and now I feel quite confident there except for reading 52.