Essay questions - driving me nuts objective, guarantee, different

pawn

Each return objective is so different for each practice year. Even EOC questions are becoming challenging. Getting confused when we need to add emergency cash or not. I thought this is walk in the park but needs a lot more practicing and still cannot guarantee you will crack it

liangfeng

Do what you can on the return calc, and even if you miss emergency cash etc. hopefully you can get partial credit for gettin most of thr cash outlays and the process

bodhisattva

On the other hand, only 30-40 miniutes are given to solve an IPS problem for a client which could live anywhere except for Mars...

Windjammer

dtrynoski Wrote:
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> What CFAI quesiton requires emergency cash??


Don't know if this was Stalla or CFAI, but the problem will say they want a liquidity reserve equal to x months of salary.

NO EXCUSES

IAmNeil

If you look back CFA 2009, 2008 and 2007 IPS questions. In of one of the questions they did include emergency cash in return calcs but not in other though. Anyway painfully going through all EOC, every IPS question I could imagine in previous tests and making flash cards. Atleast now I know if investors return expectation is ridiculous for wealthy investor, we should just say above average and justify reasons. My goals is to get 30% in AM and 35% in PM with 5% margin to pass. After spending more than 200 hours, I get a feeling like I am not totally prepared. Another 22 days left , goal is to put in another 200 hours

lcw77

I quit my job recently. The productivity is slightly low but still possible

infinitybenzo

dtrynoski Wrote:
-------------------------------------------------------
> bpdulog Wrote:
> --------------------------------------------------
> -----
> > dtrynoski Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > What CFAI quesiton requires emergency cash??
> >
> >
> > Don't know if this was Stalla or CFAI, but the
> > problem will say they want a liquidity reserve
> > equal to x months of salary.
>
>
> It instructs you to include that in the total
> asset base right?


Yeah, unless they're prepaying expenses right now or the client specifically says they don't want to include it in investable assets.

NO EXCUSES