2013 Schweser Kaplan Cfa Level 1 Qbank Download Movies
Hello everybody, this is my first post in AF, even though I’m following the discussion for some time now. After the release of yesterdays level 2 results, however, I’m totally shocked and perplexed: Band 7 fail like last year. I invested so many hours for preparation, and gained virtually no improvement compared to last year - it’s devastating. I’m willing to take another shot, but I’m not sure what to make different next time. In the following a quick summary of my CFA history, maybe you have an idea what to make different. CFA Level 1 in December 2011, preparation: Read CFAI books once, made own flashcards, did mainly EOCs (2 or 3 times), took month off prior the exam (fulltime preparation), where i did about 4-5 mocks and some sample exams & learning summary & more questions – Exam: Pass. CFA Level 2 in June 2012, preparation: Started in Feb, read CFAI books once, due to lack of time made no own flashcards and based summary on Secret Sauce and own notes, did EOCs (2 times), started fulltime preparation in May with learning, doing questions, about 5 mocks (never crossed 70 mark) and sample exams.
CFA Level 2 retake in June 2013, preparation: Started end of December, made EOCs (3 times), did (~40% of) QBank questions and watched the Schweser movies (focus on Ethics, AltInv, Econ, FSA), revised own summary, again May fulltime study (May-alone 250 hours!), did 15 (schweser, stalla, CFAI). Frm Level 2 Schweser 2013 Torrent DOWNLOAD (Mirror #1).
– Exam: Band 7 fail (70 QM) CFA Level 2 retake in June 2013, preparation: Started end of December, made EOCs (3 times), did (40% of) QBank questions and watched the movies (focus on Ethics, AltInv, Econ, FSA), revised own summary, again May fulltime study (May-alone 250 hours!), did 15 (, stalla, CFAI) mocks (omg Exam: Band 7 fail (70 CF) Especially the last item make make me think a lot. How can you do 15 mocks, virtually passing almost all of them and fail that miserably in the real exam? How is that possible? I’m totally in shock right now. Of course you can do and learn more next time (e.g. BBs), but I’m not sure, whether my problem lies on that field. The simple recipes (e.g.
EOCsmocks=pass) found here on AF seem not to work out for me. Any hints or suggestions are highly appreciated! Please help me! You can try dedicating more time to doing problems (not necessarily EOCs or even item sets) rather than reading. But don’t neglect reading.
Read a section, learn the main points, then dive right into questions from Qbank or Finquiz. Aim to spend 2x the time on questions as you do on reading, going back to the reading if you don’t understand something or keep getting the same type of question wrong.
Think of it as an asset allocation problem. Your “assets” may look like the following: - Reading CFAI text - Reading or watching videos from provider - Doing practice questions from provider (i.e. Qbank) - CFAI Questions (EOCs and BBs) - Provider mocks - CFAI Mocks What did your allocation look like when you failed? It’s likely you were underweight in the following areas: Practice questions and EOCs.
Consider weighing these more on the next attempt and cutting some from reading (but don’t go too extreme and only do problems at the expense of everything else.). I feel like you focused a little too much on doing questions and not enough on understanding the concepts. You mentioned that on your first attempt at level 2, you read all the CFAI books but on your second attempt you didn’t do any readings? You have to be able to grasp the concepts inside out because the exams will test your ability to apply the concept in a very unintuitive manner. My suggestion for the next attempt is to first read through the entire curricullum and focus on the blue box examples in the CFAI text.
Instead of just reading through the blue box examples, try and attempt them first. This will surely strengthen your concepts and give you a fairly good representation of the difficulty of questions on the exam. Personally, I would not recommend Qbank because the difficulty of the questions are not up to par. And focus your time on Equity and FRA.
Thank you all for you comments, really appreciate it. Even though you might say something that I don’t want to hear. It’s really important for me to figure out my major pitfalls. Of course I figured out of my weaknesses. Especially during changes in material I had some troubles in economics and alternative investments in the beginning. Not the big stacks, but I put some extra effort in it (- did all QB questions & watched the videos on that topics & some extra study).
I noticed that I constantly perform poorly in ethics, but only on CFI mocks, in I did quite well. So you might be correct on your point concerning correlation of mock exams. Concerning the process of learning: I’m a retaker, so I completly skipped reading CFAI books for the second time. I did it in the first time, but the effort/time ratio isn’t worth it at the second try. I rather did EOCs instead. We can argue now, whats more productive, but I would still say reading is too time consuming, especially if you know the material and get easily bored. Time is limited, so we have to make a choice here.
In the last month, the break down was as follows: 50% mock exams (15 mock exam, every day one with correction in the evenings), 25% EoC (1 run troughout all books), 25% QBANK& videos. For me this felt kinda good, constantly scored quite well, so haven’t really panicked. Noticed at some point, that I should have done BB as well, learned important concepts/twists quite late (maybe some I didnt notice till now). So this is definitely a shortcoming, I will correct that for the next time. My CFI2013 mock exam result wednesday right before the exam was 73%.
Further, I was overweighting a bit FSA and ethics, didnt worked out. Mission2014 wrote: Hello everybody, this is my first post in AF, even though I’m following the discussion for some time now. After the release of yesterdays level 2 results, however, I’m totally shocked and perplexed: Band 7 fail like last year. I invested so many hours for preparation, and gained virtually no improvement compared to last year - it’s devastating. I’m willing to take another shot, but I’m not sure what to make different next time.
In the following a quick summary of my CFA history, maybe you have an idea what to make different. CFA Level 1 in December 2011, preparation: Read CFAI books once, made own flashcards, did mainly EOCs (2 or 3 times), took month off prior the exam (fulltime preparation), where i did about 4-5 mocks and some sample exams & learning summary & more questions – Exam: Pass.
CFA Level 2 in June 2012, preparation: Started in Feb, read CFAI books once, due to lack of time made no own flashcards and based summary on Secret Sauce and own notes, did EOCs (2 times), started fulltime preparation in May with learning, doing questions, about 5 mocks (never crossed 70 mark) and sample exams. – Exam: Band 7 fail (70 QM) CFA Level 2 retake in June 2013, preparation: Started end of December, made EOCs (3 times), did (40% of) QBank questions and watched the movies (focus on Ethics, AltInv, Econ, FSA), revised own summary, again May fulltime study (May-alone 250 hours!), did 15 (, stalla, CFAI) mocks (omg Exam: Band 7 fail (70 CF) Especially the last item make make me think a lot. How can you do 15 mocks, virtually passing almost all of them and fail that miserably in the real exam?
How is that possible? I’m totally in shock right now. Of course you can do and learn more next time (e.g.
BBs), but I’m not sure, whether my problem lies on that field. The simple recipes (e.g. EOCsmocks=pass) found here on AF seem not to work out for me. Any hints or suggestions are highly appreciated! Please help me! Sorry to hear about your experience, you are doing everything you can and no one can say you didn’t try hard enough! Honestly I am not sure why but here are some thoughts; 1) how did you write those mock exams?
Did you time yourself? Did you write the whole exam without using your books and mark them after? 2) did you review the answers diligently enough? Simply writing and marking them wouldn’t benefit you too much 3) what did you struggle during the exam? Ethics is pretty straight forward, perhaps you did not comprehend the questions well.
But what about other sections - you can fail ethics and still pass the exam. 4) were you too nervous during the exam?
Did you go blank? Did you find the exam challenging or did you walk out thinking you should’ve passed? I am trying to diagnose your problem. Hopefully it helps. It sounds like you really did a lot of work, so clearly its a question of working smarter not harder. Though I passed, the places where my results were in the 50-70 band versus 70+ were those areas that I liked least while studying: econ, fixed income, and derivatives, as well as ethics where I frankly was a bit surprised.
Those are the practice problems I wanted to do least, and review the least. The result showed. I think based on the stats I’m seeing a lot of people got hurt on ethics this year, even those who passed. There were some real tough calls in the questions.
One thing I’ve learned: mock is good in all areas except ethics, their ethics questions are less like the exam than their others. This is where you have to max out whatever material CFAI gives you, that is the short ‘sample test’ and the CFAI mocks. Some people make the mistake of relying too much on, although I will say that it definitely helps you get a start on it. @brightstar I might give it a try, but honestly, I don’t think more material is the answer I need. Got here so many Stalla books, I hadnt even the time to unpack them. @stunnerrunner Don’t get me wrong.
I’m not rushing through the material. When I do not understand something, I surely look it up in the material. I’m not ignoring CFAI books, quite the contrary. I’m using them as primary resource.
However, I doubt that reading the whole material in a row AGAIN would have made a big impact on the outcome. Partly looking up issues I haven’t covered thoroughly feels way more effective to me. @NANA Hachiko I was writing them for myself and graded them afterwards.
Since I have taken the CFAI mocks on both preparations, the scores of them might be a bit inflated. I wrote the exam without notes, paying attention that I’m staying within time limits. When I’m finished, I’m reviewing both correct and incorrect answers. The review process can take 1-2.5h per session. Concerning the actual exam: It feels like I’m falling short in all topics.
I have never scored 70% in each sections in mocks, however, normally 3-5 sections are above 70 (they alternate, no clear pattern), rarely fail a section. At both real exams I took, almost everything is in the 50-70 area with 2-3 fail sections.
2013 Schweser Kaplan Cfa Level 1 Qbank Download Movies 2017
This is something I don’t understand. Are the traps in the real exam different? Am I too nervous? Am I missing important facts? Since I’m not a native speaker, does stress detain my understanding? I really don’t know.
During the exam I had some concentration problems in the end, however, my result suggest that my entire performance was insufficient, so I don’t think this was the one and only reason. I was walking out of the exam with a mixed feeling, Had 2 questions from morning session I could not find any answer, and 4 out of the afternoon session (including that one derivative question NOT covered in the curriculum; had checked each of them at home, got 0/4 out of my guesses. Don’t listen to people telling you to move on, you must make that decision on your own. At the end of the day, you didn’t fail by much, even at band 7. I failed band 5 last year, and worked harder and passed it this year.
Just work harder, my advice to you is to make notes for each LOS, memorize all the formulas required for LOS and forget the other formulas (because if they come on, according to CFAI, those questions that are unfair are awarded to everyone). Ensure you do all CFA EOC and. Do as many mocks as you can, CFA and. Dude seriously if you want to nail this exam, just mecanically doing the things you are supposed to do won’t get you anywhere! Mission2014 wrote: The simple recipes (e.g. EOCsmocks=pass) found here on AF seem not to work out for me.
Any hints or suggestions are highly appreciated! Please help me! They key is when you do the problems or see a problem can you explain to me or yourself what each variable/number means? That’s why i tell myself every problem or every equation I see. I apply what I read to each thing trying to understand it.
Level 1 you can memorize rate goes up price goes down. Level 2 you should be able to understand it and explain to someone why when rates goes up price goes down. I only used + mocks. Itera wrote: I think it’s time to move on. If you actually did all that work you say. It’s not for you I Disagree with this.
If you are determined keep going. I will pipe in with one comment based on what I read from you.
If on exam day or when you are doing mocks you get fatigued or lose concentration you haven’t built up enough physical and mental endurance. I did a ton of mocks so when I wrote the exam its no big deal. I went out after and my brain wasn’t even mentally tired. I could write a third and fourth session if need be.
The point that I am trying to make is two three hour tests should be no big deal. The other posters made some good points about studying, which I would follow if it was me.
OP you can do it again, just keep yourself motivated and dedicated. Here’s what I did (passed level 2 first attempt, only ethics. Aymane07 wrote: dude seriously if you want to nail this exam, just mecanically doing the things you are supposed to do won’t get you anywhere! Given the effort you have put in, I don’t think there is an obvious thing you are lacking. I feel if you replicate your effort and do the blue boxes + EOC+ problem sets from finquiz or another provider, you will pass.
I mean you have done a ridiculous amount of mocks, eocs etc. It’s obvious that you understand the material and the concepts. Try to figure out whether the tension from the exam makes you miss traps etc. I failed level 2 this and last year with band 7s as well and I did really confident after the exam. I also freaking failed derivatives, and no idea how!?
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I know people who got below 50% in mocks and studied only shweser and still passed ( annoyingly ). End story is, we are in this for the long run. Sometimes, the subjects we felt strong about aren’t tested, and sometimes people who make less silly mistakes on a certain day for an easy test win.
We gotta go with the flow and keep fighting:). Mission2014 wrote: @brightstar I might give it a try, but honestly, I don’t think more material is the answer I need. Got here so many Stalla books, I hadnt even the time to unpack them. @stunnerrunner Don’t get me wrong. I’m not rushing through the material. When I do not understand something, I surely look it up in the material. I’m not ignoring CFAI books, quite the contrary.
I’m using them as primary resource. However, I doubt that reading the whole material in a row AGAIN would have made a big impact on the outcome. Partly looking up issues I haven’t covered thoroughly feels way more effective to me. @NANA Hachiko I was writing them for myself and graded them afterwards.
Since I have taken the CFAI mocks on both preparations, the scores of them might be a bit inflated. I wrote the exam without notes, paying attention that I’m staying within time limits. When I’m finished, I’m reviewing both correct and incorrect answers. The review process can take 1-2.5h per session. Concerning the actual exam: It feels like I’m falling short in all topics.
I have never scored 70% in each sections in mocks, however, normally 3-5 sections are above 70 (they alternate, no clear pattern), rarely fail a section. At both real exams I took, almost everything is in the 50-70 area with 2-3 fail sections. This is something I don’t understand. Are the traps in the real exam different? Am I too nervous? Am I missing important facts? Since I’m not a native speaker, does stress detain my understanding?
I really don’t know. During the exam I had some concentration problems in the end, however, my result suggest that my entire performance was insufficient, so I don’t think this was the one and only reason. I was walking out of the exam with a mixed feeling, Had 2 questions from morning session I could not find any answer, and 4 out of the afternoon session (including that one derivative question NOT covered in the curriculum; had checked each of them at home, got 0/4 out of my guesses. Try once more and do much less reading and just do questions, not so much Q bank, but actual questions in the exam format which is EOC questions from both CFAI and and practice exams. Also try to take a review course I found those can be helpful to drill the concepts into your brain and for practice. You need to nail the big sections like Accounting/Equity and definitely Ethics - read CFAI material for Ethics and the do the EOC problems. Also don’t assume that the actual exam will mirror the practice exam questions.
You may master an item set on say Alternatives in a practice exam and then they test on the same exact thing in a totally different way on the actual exam so you really need to know the concepts and not just assume they will test you on the information in the same exact way. L2 is a. I know, but you can do it and band 7 is not bad - keep at it.
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May I suggest something maybe will get me in trouble on this forum, but here goes: Forget about the CFAI books and EOC questions, just focus on something like a. The CFA books are just too much information, what good is it to read it and not fully understand it.
Something like a condenses things (although still an overwhelming amount) and makes it more palatable. Then take really good notes along the way, and go back and read your notes over and over again as you do practice questions. Everytime you get a question wrong, go back to your notes and find where you had it and try to understand why you got it wrong.
A lot of times your notes might miss the particular point but then you can add things in to make it more complete. The most important part is to understand things, so whenever there’s a debate over a point on this forum that ppl are perplexed over, try to solve it for yourself, like being a detective or something.
Try to explain to yourself in plain English why equations are a certain way, like why FCFE is this equation but FCFF is different. Even derivatives can be understood in plain english. Then in the last week really memorize all the equations, but that should be easy at this point because you understand why equations are the way they are. Saying don’t bother with CFA books might be heresy here, but I never even bothered to download the books. I followed the method I listed above, passed L2 on my first try, everything over 70% except for ethics.