40h, 40i and 40j (Level 3) - How much do I really need to know?
I have just been taking notes on the last 3 LOSs of Reading 40, which involve comparing Constant-mix, Buy-and-hold, and CPPI strategies.My current level of understanding can best be approximated as:...
View ArticleNotations in the equations
Just to confirm. Does writing down the exact notations in the formulas generally carry any points on the exam? Or is it fine to just use the inputs and show the process of calculation?
View ArticleRetail IPS - Return objective calc
Hey there!Am mucking up the return requirement - cant think straight any more!Shouldn't one add any after-tax salary less living expenses to investible assets for the return objective calculation ? I...
View ArticleIPS Question
Can you be penalised for putting too much under a constraint, providing it could be valid?Example: in some of the Schweser papers, under Unique Circumstances the only comment/answer is "provide funding...
View ArticleChange in Placement of the Template Instructions
Just came across this change in the CFA exam format for Level 3http://www.cfainstitute.org/programs/cfaprogram/exams/Documents/essay_exam_template_format_change.pdf
View ArticleWhy is the 30,000 support to sporting league not considered as expense and...
Alonso’s income tax rate is 30%. Other than a small cash reserve, he holds all of his investment assets in a tax-exempt account with a current value of USD 900,000. Contributions to this account are...
View ArticleWhat is your average score in mock tests?
Just wanted to have an average so we know where we stand? Please post approximate averages as this would help each other better!!!
View Articlespending rule and risk tolerance
May be an idiotic question at this point...just hit my head..does a change from simple spending rule in endowment to 3 years average rule increase the risk tolerance or decrease it. Markets are volatile
View ArticleUnable to cross 252/360 mark..help
Hi everyone..I have started practicing for L3 with some level 1 and 2 type questions since April 2nd week...thereafter I went on to solve Level 3 type questions from Kaplan book 1 (which I have now...
View ArticleAnyone else feels CFAI Papers are easier when compared to Schweser??
I started with CFAI papers for the AM session. And suddenly I felt I know the stuff a bit better enough to sail through the 10th band!! Do you guys feel it's simpler or just my illusion??@Sophie, @Zee,...
View ArticleMy question is by reducing the weightage of tax exempt accounts how can...
Juan Pablo Alonso is now age 54 and anticipating retirement. Approximately 60% of his total investments are currently held in a tax-exempt account and 40% in a taxable account. Contributions into both...
View ArticleHelp me understand the WACC/Beta calculations...
I am having a really really tough time with this. The explanation in the book is poor, and I can't seem to deduce the method from practice questions either.I'm confused on everything, but one hang-up...
View ArticleDoubt in 2009 paper Q1A
In the 2009 paper, Q1A is to prepare the return objective and state the calculation for pre-tax nominal income. the income tax rate is not mentioned all through the case (I read it 3 times just to make...
View ArticleRunning out of time
Ok, so I've come to the conclusion today that I don't have time to get everything done that I wanted before E-day. Primarily because I am going through all the EOC'S and they are taking longer than I...
View ArticleMy Exam Day Experience (Rated PG-13 for language)
As @MattyJ, @AJFinance, and @sankrutimehta, have shared their Level 3 exam day experiences, I thought it would be appropriate to share mine, which was eerily similar.My story starts on Friday evening,...
View ArticlePast papers
Hi,Can someone tell me when does CFAI post past papers with Guidelines on the site...I am keen to see how I fared just for fun!!
View ArticleThanks for all the support!
Just a big THNAK YOU for all the moral, technical support and expertise you hae given me. Much appreciated.
View ArticleMy exam day experience
So, the day came and went. How did it go? Here's my experience/observations/predictions:This was the first time I had taken the exam whilst not living in London. As many of you know, I travelled back...
View ArticleLevel 3 writing advice- do I need a tutor/class?
I've passed the first two levels of the CFA on the first try- besides spending 300+ hours preparing, I think I'm fortunate enough to be good at taking tests (especially after going to what I would...
View ArticleStudying for L3 - videos? Classes?
I will be taking Level 3 next June and would appreciate advice on the best way to practice for the long-form questions. For Levels 1 and 2 I have simply done thousands of practice multi-choice, which...
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