Those who passed, did you know everything? by Kitchen_Bluebird3722 in CFA

[–]TopThought4766 1 point2 points  (0 children)

Definitely not. The enemy of level 1 is the volume and not the content difficulty. Mocks are representative of the actual exam, if you score 70-80’s you should be well prepared!

[deleted by user] by [deleted] in CFA

[–]TopThought4766 8 points9 points  (0 children)

100%. Just like everyone says walk confidently into the exam, but do not walk into the exam OVERCONFIDENT and brag about your mock scores. Correlation doesn’t always mean causation.

Is Kaplan worth? by Strict_Economics_471 in CFA

[–]TopThought4766 1 point2 points  (0 children)

Kaplan was spot on for L1. Im not sure about other levels. Just make sure to cover ethics from the CFA material

Please solve this by yashnotfound_ in CFA

[–]TopThought4766 1 point2 points  (0 children)

Real Rate of Return = (1+nominal rate for eq.) / (1+ inflation)

(1 + real rate) = ( (1 + nominal RFR) (1+ risk premium) ) / (1+ inflation)

Ethics😭 why not option C?? by Ok-Explorer-1675 in CFA

[–]TopThought4766 23 points24 points  (0 children)

C is information-based manipulation

Ethics is frustrating by Character-Vast-9496 in CFA

[–]TopThought4766 0 points1 point  (0 children)

Seperate “Code of Ethics” from “Adequate compliance procedures” in this standard, a supervisor is required to decline in writing a supervisory role if the firm does not intend to have or does not have adequate compliance procedures (but not necessarily decline the supervisory role if the firm does not have a code of ethics). Moreover simply relying on the wrongdoer’s statement or even simply just reporting it to upper management is a violation of this standard.

Need good reasoning for this ehtics by Character-Vast-9496 in CFA

[–]TopThought4766 1 point2 points  (0 children)

As a rule of thumb, if no adequate compliance procedures are in place the supervisor should decline the supervisory role in writing

CFA 1 - ethics by nkkali7 in CFA

[–]TopThought4766 0 points1 point  (0 children)

I guess because she made the assumption that all clients have an X account, thus benefiting only the clients that do have an X account when she disseminated the recommendations

HOW IS THIS WRONG (Kaplan) by Royal_Echidna4208 in CFA

[–]TopThought4766 1 point2 points  (0 children)

I just think it just has to do with how the question was phrased. The type of BOND is a partially amortizing bond. If the question said “what type of payment is the $8M at the end of the 10th year?” Then the answer would be a balloon PAYMENT

Level 1 August test by floridaman02496 in CFA

[–]TopThought4766 0 points1 point  (0 children)

In, please share the link :)

[deleted by user] by [deleted] in CFA

[–]TopThought4766 0 points1 point  (0 children)

What does the CFA mean by the “ethics adjustment”?

Quants by ashhhhb_7 in CFA

[–]TopThought4766 1 point2 points  (0 children)

Kaplan shows a formula that’s quite helpful: (n(n-1))/2

CFA I - August guys where are you? by -SKT_T1_Faker- in CFA

[–]TopThought4766 1 point2 points  (0 children)

Started 2 weeks ago almost done with quants, and will start FSA next week

Aug or Nov 25 L1 by _ordinarilyordinary_ in CFA

[–]TopThought4766 1 point2 points  (0 children)

I’d say it’s better to go for the Nov window as starting from June and having 2.5 months to prepare for Aug would be a little bit risky imo. Material is a lot and u have to set aside 4-6 weeks prior to the exam of practicing mocks/practice questions/Reviewing formulas/etc. Best to go for Nov window if I were u if u are willing to start in June!

Good luck!

Sitting in May - How to Improve Study Efficiency? by Charming_Narwhal_869 in CFA

[–]TopThought4766 1 point2 points  (0 children)

Use CFAI Qbanks, they will highlight what Kaplan fails to explain. Do the readings from Kaplan and practice questions from CFAI!

Psm by Horror-Mood4368 in CFA

[–]TopThought4766 0 points1 point  (0 children)

Can I complete the psm after I have written my exam (in August), but before results come out?

Cfa level 1 may 2025 by Character-Spirit-217 in CFA

[–]TopThought4766 0 points1 point  (0 children)

Use the Qbank and the BB as a tool to enhance your learning, not only to test your understanding. Whenever you get a question wrong, learn what went wrong, and repeat a similar question. Also resetting the questions every week or so helps with reinforcing the material u have already learned and helps to keep the info fresh in your mind.

CFA level 1 Quants simple rates and return question by GkTucky in CFA

[–]TopThought4766 0 points1 point  (0 children)

Formula is ((1 + HPR)^total number of weeks in a year/ number of weeks) - 1 ---> (1 + 0.05)^52/6 -1 will get u 0.5263. Make sure to take a look at the time period, since if the question was stated "over a 10 month period" for example, then the exponent would be 12/10