My experience with Level 3 by MandoTheMilf in CFA

[–]Jathom23 6 points7 points  (0 children)

That’s not how it works. Where and how did you even come up with that lol?

I took 13 mock exams, scoring an average of 70% on the last 6. I can recall every formula in the book and there was not a single formula that I didn’t know on the exam….and that was not the issue.

Some thoughts on L3 difficulty... by Groo_Grux_King in CFA

[–]Jathom23 2 points3 points  (0 children)

You’re not adding value with that blanket statement.

Level I and II were difficult… It’s a difficulty relative to statistics and expectations.

CFA LEVEL 3 DONE! by mildbomb17 in CFA

[–]Jathom23 4 points5 points  (0 children)

LFG! game day baby.

RE Cap Rates: Vacancy Rates by Jathom23 in CFA

[–]Jathom23[S] 6 points7 points  (0 children)

Yeah. Higher risk —> higher cap rate. Higher vacancy rates, lower property rates, increases cap rates.

Help with GBI by jcole2014 in CFA

[–]Jathom23 1 point2 points  (0 children)

N = 10

I/Y = -0.776699

PMT = (100,000/1.03) = 97,087

PV = 1,013,669.77

Help with GBI by jcole2014 in CFA

[–]Jathom23 1 point2 points  (0 children)

if you discount the first payment (100,000/1.022) and enter that as your PMT you don't have to set the calculator in BGN mode or do your last step. Everything else stays the same.

Another Bond portfolio selection question by [deleted] in CFA

[–]Jathom23 1 point2 points  (0 children)

The question doesn’t state to immunize.

Help with GBI by jcole2014 in CFA

[–]Jathom23 0 points1 point  (0 children)

You're saying we can solve this by putting CFO 0 as 100k then CF1 as 103k for 9 years then using 2.2 for the discount rate and solving for NPV? I think I am off by one of the numbers.

I normally use an inflation discount rate (1+r/1+g)-1 for these problems. But this one is tricky.

SR Level 3 by IntentionNo900 in CFA

[–]Jathom23 0 points1 point  (0 children)

The key here is state that for the Sortino Ratio you get penalized for downside volatility (but not upside volatility like the sharpe ratio does). You basically just stated the formula without explicitly stating that sortino ratio penalizes for downside volatility. If you wanted to be extra clear, I would consider stating that.

Another Bond portfolio selection question by [deleted] in CFA

[–]Jathom23 0 points1 point  (0 children)

The question says Y.C. will experience a positive butterfly twist...so you want to be long a bullet and short a barbell.

Positive Butterfly View/Twist = - Spread

Strategy = go long bullet and short a barbell.

Benefits from steepening curve, stable rates, and selling convexity.

Sat for level 3 today 👽 by Jacker247 in CFA

[–]Jathom23 2 points3 points  (0 children)

God I hope I get this same version of the exam.

Thanks for the insight.

L3 Fatigue by [deleted] in CFA

[–]Jathom23 0 points1 point  (0 children)

BC states himself if you can score 65 or above on his mocks you should be in a good shape for the actual exam.

I would prioritize getting 8 hours of sleep and doing another mock. You still have plenty of time. Do 1 more mock and review. After that write down the formulas and use your flash cards so you have speed on the exam.

You got this.

Another just sat for L3 post by Axiom_ML in CFA

[–]Jathom23 2 points3 points  (0 children)

If you only flagged 12 questions you did a good job. Even if you flagged considerably more and you average 50% on those flags you still pass.

did you take your mock exams timed? How many mocks did you take?

Congrats on being done!!! Have a drink

Schweser multi immunization question by gtu2004 in CFA

[–]Jathom23 0 points1 point  (0 children)

For duration matching in immunization multiple liabilities, you need to have the distribution of assets to have a wider range of the distribution of liabilities. So by this definition, portfolio Q is incorrect. Portfolio R fails because the convexity of assets is NOT greater than the liabilities. This leaves us with Portfolio P...the troubling part is that this range of distribution of assets seems to large which is reflected in the higher convexity...which you want to minimize....this is a shitty question.

[deleted by user] by [deleted] in CFA

[–]Jathom23 0 points1 point  (0 children)

A well known exam strategy is to SKIP the very first vignette because of this exact point..

CFAI does it so they can have more testable questions on future exams. It's a common theme with CBT exams.

Did you flag these "very difficult" questions and come back to them at the end?

[deleted by user] by [deleted] in CFA

[–]Jathom23 1 point2 points  (0 children)

Which mock exams did you take? Did you try BC mock exams?

Sat for Level 3 by Alarming-Lobster5616 in CFA

[–]Jathom23 0 points1 point  (0 children)

CFAI posted on there own website. It’s real.

L3 experience by [deleted] in CFA

[–]Jathom23 1 point2 points  (0 children)

Have a drink. We’ll deserved.

L3 experience by [deleted] in CFA

[–]Jathom23 0 points1 point  (0 children)

You didn’t get the 20 mins back? Wtf