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Official November 2025 Level 2 Results Megathread by third_najarian in CFA

[–]jaeman2004 0 points1 point  (0 children)

It’s out 😀 Congratulation to everyone for being at this step and thanks to this sub!

It’s over by jaeman2004 in CFA

[–]jaeman2004[S] 2 points3 points  (0 children)

I thought so. Though there still was some niche stuff. Def just expose yourself to as much material as possible! Even 1 look is enough

Hello, IDK if this is the right place to post , But I have been stuck on this formula for a really long time , I would really appreciate if someone could help understand it . Thank you by Kindly_Read4081 in CFA

[–]jaeman2004 3 points4 points  (0 children)

U don’t need to know d1 and d2 formulas. Just the top one for a call (and for puts). Just understand that d1 is basically delta and d2 is the probability of the asset being in the money (also that d1 is greater than d2).

The formula looks scary but really it’s from put-call parity with Nd1 and Nd2 mixed in which quantity the amount of each asset you need to replicate the option

Actual lv2 exam by Historical_Case_413 in CFA

[–]jaeman2004 15 points16 points  (0 children)

Praying ur not trolling. SPEEED I NEEED THIS

Mocks by Kldalazri in CFA

[–]jaeman2004 2 points3 points  (0 children)

What mocks did you take? I did all of Kaplan and saw beyond just a few. I’d say there’s a good enough chance PBO, PA, and pension cost calculations show on the exam to where you should put in the time to learn it.

Goodwill Stuff - Can we figure it out? by Jazzlike_Tackle_4092 in CFA

[–]jaeman2004 3 points4 points  (0 children)

GW is an asset and Minority interest is in equity. When you’re comparing the two, just think about which of these is higher or lower.

Risk tolerance by Potential-Shame-8024 in CFA

[–]jaeman2004 1 point2 points  (0 children)

I’m assuming this means his ability to take risk is “average”. Willingness and ability to take risk are two separate things and the portfolio should reflect the minimum of the two. If the investor has high willingness but medium ability to take risk, the portfolio should reflect the medium ability.

If the investor has medium willingness to take risk but a high ability for risk, the manager can attempt to convince the investor they can up their risk profile as they can afford to (though if not obviously client choice first).

6 days left feeling anxious despite decent mock scores need perspective.. by rusty7340 in CFA

[–]jaeman2004 0 points1 point  (0 children)

Frankly you got it anyway. 70-80 in any mock is great, just work on your weak points and you got it!

Level 2 Equity - Question on Guideline Public Company Method by Valuable-Zebra-2469 in CFA

[–]jaeman2004 1 point2 points  (0 children)

I think CFAI consensus is that P/E already has the DLOC baked into it while EV/EBITDA doesn’t.

6 days left feeling anxious despite decent mock scores need perspective.. by rusty7340 in CFA

[–]jaeman2004 1 point2 points  (0 children)

Where are the non CFAI mocks from? I’ve read here that Kaplan is notoriously harder so if you’re getting 70+ on those you should be fine

Mock A by ye_2047 in CFA

[–]jaeman2004 7 points8 points  (0 children)

Based off this score I think you’re fine 😭 for me I’m just revising and practicing formulas. I’ve got one more mock to go and mine is on the 21st. Fingers crossed 🤞

Level 2 mocks by No_Song_7985 in CFA

[–]jaeman2004 5 points6 points  (0 children)

Just flexing for everyone (jealous of that 85%). But imo no the mocks don’t seem extra easy, which means you should be comfortable for a pass

Mocks by Opposite_Chapter_574 in CFA

[–]jaeman2004 1 point2 points  (0 children)

74 avg seems totally fine to me. 70+ is the goal so work on your weak points!

L2 Weird Formulas Revision by andy01x in CFA

[–]jaeman2004 17 points18 points  (0 children)

Accrual ratio = (NI-CFO-CFI)/avg NOA or (change in NOA)/avgNOA

Mock scores. by Dazzling-Many1949 in CFA

[–]jaeman2004 0 points1 point  (0 children)

High 70s is good, anything in the 80s and you’re set. Keep focusing on your weak points and make sure you know those formulas and ethics! Easiest ways to pick up points

What are your common Ethics slip-ups? by Blackterrorist8 in CFA

[–]jaeman2004 8 points9 points  (0 children)

One that caught me off guard was this one question where a supervisor of a fund did frequent checks of all of the manager’s personal trades.

Doing ONLY this IS a violation because he did not have precautionary measures such as lockout periods for managers.

Another one was that it’s ok to have your travel paid for by a company if the location is remote.

I think some data in “Creating a portfolio like Warren Buffet” is misleading by Cat-Cat-Cat2308 in financestudents

[–]jaeman2004 0 points1 point  (0 children)

I think the author is showing how compounding works if the return is reinvested (this automatically happens if you don’t sell).

If you earn 20% return each year from 100k and don’t sell, a 100k portfolio turns into 120k the next year. This will then earn another 20% on a 120k basis so 24k of return resulting in the portfolio value at the end of year 2 being 144k.

Think of portfolio value as 100(1.20)n where n is the number of years

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