Valores

cpepin Wrote:
-------------------------------------------------------
> I passed and I used Finquiz I have some mixed
> opinions on them, lots of eratta and they pound
> lots of obscure LOS's. If I had to do for the
> first time I'd say, do all of the LOS's and
> examples, I'd pay for q-bank and not finquiz, I
> would do a ton of my own note cards especially
> every formula and all of the behavioral finance.
>
> I think to have confidence you need to find as
> many in depth Portfolio AM type questions as you
> can find and do them over and over again.

Finquiz was disheartening a lot of the time. So many things that were far out of the curriculum and also many questions that were repeats. I would not recommend them for level III in their current form. Possibly next year.

noel

I just used the CFAI texts, but did buy the Secret Sauce and their formula sheets for Level II & III. Did the EOC questions and a good number of practice exams.

Colum

I passed and I used Finquiz I have some mixed opinions on them, lots of eratta and they pound lots of obscure LOS's. If I had to do for the first time I'd say, do all of the LOS's and examples, I'd pay for q-bank and not finquiz, I would do a ton of my own note cards especially every formula and all of the behavioral finance.

I think to have confidence you need to find as many in depth Portfolio AM type questions as you can find and do them over and over again.

iteracom

i would like to emphasize one thing............your conditioning come game day.......i mean both mentally n physcially .......a lot o people end up not being at ther best or slow off the blocks ......

anish

use your old notes, do EOC's, the blue box examples in the text are vital, and old CFAI exams (go back as far as you can get your hands on) for IPS is the best practice. You can sink endless $$ into this test, but what I learned from my 1st fail is this: AM is about time management. Flip the f'n page if you don't know something b/c you need to jam along or your dead. You will lose points, but don't get bogged down on something that you don't know. PM- if you do EOC's, blue boxes, and some practice tests/mocks, you'll be great. Spend the time, learn what you were weak on, fill in the gaps, and you'll pass next year. I didn't re-buy schweser, used 2010 and 85% of the stuff is the same. Qbank for L3 I thought was awful. Used in 2010 on my fail, didn't find value. Make a formula sheet and learn what you need to. Qbank is a L3 waste of $$, IMO. The CFAI texts are all you need if you have a basic foundation and/or notes already.

Good luck re-takers. I failed every level of this test once, so I'm a 3/6... but at the end of the day, I just got my 3 letters. That's what counts. Stay at it. It's a marathon.

PieMan

I failed and wished I used some Qbank for PM section as there were many questions asking some random formulas..

segalm

Guys, I really appreciate your comments, and I am certainly clear about the weaknesses and limited effectiveness of using practice questions like Qbank. I also understand the EOC's and CFAI texts and mocks are a must. I like the schweser summaries idea as well. I also think I'm going to do the creighton bootcamp.

Specifically, though, I was looking to see what question drillers people like best, given my limited experience with everything but schweser. Sometimes its nice to just be able to burn through some Q's for extra highlighting of weak points.



Edited 1 time(s). Last edit at Tuesday, August 16, 2011 at 09:28PM by rolo550.

torontoanalyst

I just used Schweser and Qbank. Never opened CFAI text.

DarienHacker

I was also a band 9 failer last year - sucked hardcore. I realized that the material is so open-ended that there is no way to drill for it, so *any* Qbank-type deal is going to have limited effectiveness.

So what I did was - after reading them through several times - take my Schweser books and clip out the blue examples and the end of chapter summaries and reduce Xerox it down to two stapled packets. One of them had all the textual outlines, the other had all the examples to go through it.

Then I'd page through it every time I got a spare moment, in addition to rereading the text. Over and over I went through the examples till I had a firm grasp on every sort of question I'd need.

It wasn't a pretty pass - you can search up my score - but I didn't do an insane amount other than this and I didn't freeze up on any questions.

willsucceed

skip QBank, memorize CFAI examples and EOC's. Get Schweser video and quicksheet to help with the big picture. It sort of worked for me in 2011 with a bit of luck too. Doing mock will help with the format too (I kinda skipped this for L3, as a result I had to rewrite answers in AM)