lulu123

[lulu123]

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guys lookin for advice here please

are there any topic areas you recommend sticking to curriculum for? (vs. others reading Schweser) 
I’ve read a lot online that schweser is too condensed sometimes, so I don’t want to risk it for areas that you know to be more complex/depth-requiring

thanks 🙂

[lulu123]

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started now too lol good luck
key is to not despair

[lulu123]

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hey guys

some people say that schweser cuts too much, and lacks depth in several areas

would you recommend any specific topics to go with curriculum, and others safe enough for schweser?

thanks

[lulu123]

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where do people find old exams? (I mean free)

[lulu123]

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@vincentt @stt00007

ok so to clarify, L2 is also multiple choice except that its questions based on 1-2 page case, correct?

the amount of textbooks you get is how much? lol the L1 was 6 (right? lol) and it amounted to like an arm-length of thickness haha

when you say there is way more material, you mean how much more? just to get an idea… (and decide whether I want to write L2 THIS june or later haha)

[lulu123]

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@zee I think I was on the verge of hyperventilating during the half-hour that I was waiting for the results e-mail hahahaha (scarier than exam itself, for realz)

[lulu123]

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@sophie @zee

I’m super happy! I passed!
Thanks guys for running this site. It really helped keep my spirits up and helped with studying!

(and thanks to everybody I spoke to as well, too many to tag in the post haha)

[lulu123]

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can we bring our pencils and stuff in a ziplock bag???

[lulu123]

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@aanchalb @vincentt

I agree with how vincentt did this

the yield that your financial calculator gives you would be the effective rate to transform the initial 10,000 deposit into 15,000 -> EAR

[lulu123]

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can you give an example of questions where you were not sure which one they were mentioning? because it’s kind of hard to explain how they ask it, usually its the regular yearly rate –> so you transform it into effective or whatnot

BEY is technically speaking a “double” of semi annual hhaha you may think of it that way I suppose, as long as you know how to convert between rates

@aanchalb

[lulu123]

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@sidmenon

it isn’t messy !

[lulu123]

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@aanchalb

end of chapter questions (multiple choice in the CFA curriculum books)

[lulu123]

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@sidmenon

haha no you didn’t confuse me more!
thanks

[lulu123]

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are pencil cases allowed? or do we have to carry in our pencils in our hands?

also just to check: can we bring mechanical pencils? or its a must to bring hb +sharpener ?

[lulu123]

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ok so regardless of periodic or perpetual, if I’m asked about impact on COGS and GM –> I only think about LIFO/FIFO/W.Avg logic?

and periodic/perpetual is only recording differences? so at year-end they even out?

amirite? @sidmenon

[lulu123]

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maybe schweser considered that not important? :O

[lulu123]

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it would mean that if its 10 bp then you divide 10 by 10,000

or whichever bp –> divide by 10,000 to get percentage yield change??

[lulu123]

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oh … maybe they did 0.001 in the first exec because the situation said TEN bp??
i thought they were using the HUNDRED bp that was in the actual question portion of the exec…

[lulu123]

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I guess ill type

first exec calculation is:
(110-106.5 ) / (2*108.5*0.001) = 16.13 = duration

second exec calculation is:
(94.474-91.041)/(2*92.733*0.006) = 3.09

I did the execs in another way (not using this precise formula) and got the same answers

but if I were to use their formula, then I’m not sure whats happening

[lulu123]

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