r/CFA

Considering a career in financial planning. Ive often thought it would be fun to do this for a living, as I enjoy giving people advice when they ask. I was an accountant for about 25 years, with a degree in finance and an MBA. Semi retired in 2019 and have been dealing poker for a major casino chain in southern Virginia, but lately have been itching to try financial planning. If I do it I would want to be a fee only financial planner. Any advice from those in the field?

Everyone says L2 is hard/ the hardest level. Im almost through with my first pass of the curriculum along with doing 50% of the practice questions. But it doesn’t exactly feel hard like people say it is. What am i missing?

Can't believe I have to wait until May to try again. I expected to fail because I lack knowledge in Quant, as shown. Derivatives: I did really well on the Mocks and the Q-bank, and I feel like on two of the questions I doubted myself and went with the wrong answer.
I feel so down because I had a job interview cancelled the day before the results, and then I failed. Now I just can't wait to get started again, despite the looooong wait. Feel motivated and will print out my results so I can remind myself of the failure I am.

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M appearing in Nov attempt and now I just don’t feel like studying like syllabus is over and I am not able to focus and it’s not that I am acing everything m barely doing 70s in mocks it’s just everything feels very repetitive and very uninteresting and dull , even when I make go through error then I get anxiety and just give up this happening to me since last 2 weeks , overall also m feeling very dull and glassy bottom line is that I do want to study I just m not able to

A question to working candidates and charter holders, what concept of CFA do you regularly apply or utilise in your job and how should I prove that I can apply these in a job? I am going to graduate next year. If comfortable could you also tell me your job profile along with the concepts u utilize and how u do it? thank you :)

Hello, I saw a post on a platform where a person said that he realised his calculator was damaged during exam and hence he gave the exam without it.

he ended up passing. I'm glad for him but at the same time a bit confused. Is it really possible to pass without calculator?

Regardless kudos to the person, that is level of conceptual knowledge and knack one needs to have so you are not just mugging things but understanding the crux of how the syllabus functions

I am interested in day trading but I have understood the importance of a higher timeframe bias. Is CFA useful to help me determine the monthly, weekly bias? how to price in rate expectations based on fed policy and macro data and how to read the financial system correctly?

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I'm scared as hell that I won't pass L2 and I can't tell if I'm overthinking or actually behind.

Where I'm at right now:

- haven't attempted a single mock yet

- haven't done the q banks, only did the LES questions once

- revising rn. Corporate Issuers, Quants, Econ and FSA are still left. I studied these in May/June and honestly don't remember a word of it, and I skipped most of the LES questions back then

-I'm revising from my prep provider's notes plus the blue boxes from the curriculum, and doing the LES questions as fast as I can, but it's eating so much time

my plan is to take my first mock on Oct 20, with the exam on Nov 20. Is that enough time, or am I leaving it too late?

I'm exhausted and honestly feeling pretty wrecked

I’ve practiced tonnes of questions, from the CFA LES to a few mocks, but whenever I revisit them, it starts to feel like I’m starting from scratch. Am I starting to experience memory loss ? or is it common

I work full-time, and it takes me 2 to 3 days to finish reviewing an entire mock exam, understanding each question and making flashcards. Is this normal ? I go through the questions in detail.

Carl Hirayo, CFA, recently joined Summit Investments as a portfolio manager. Hirayo

plans to participate in Tarragon Petroleum’s IPO for both his personal account and his

clients' accounts. He obtains preclearance for his own participation because the IPO is

not fully subscribed at that time. The offering turns out to be fully subscribed at the

time of issue and Summit receives all requested shares. Hirayo allocates these shares on

a pro rata basis among his subscribing clients and his own account.

With respect to the IPO, does Hirayo violate the Standard relating to priority of

transactions?

A. No

B. Yes, because he allocates shares to himself

C. Yes, because he applied for the IPO for his personal account

Rn im in 3rd semester and wanna do level 1 in upcoming summer so i just wanna ask passport is mandatory or i wanna register through national identity card or something else????

I am starting to solve premium practise questions for L2 and notice that those are not in vignette format and given in normal format ....which totally disrupts the flow...so i wanna check do other people appearing for level 2 also have this issue or am I god favourite. Its making me panic cause I feel the quetions should be in vignette like EOC questions.

Also this new LES is very different.

Hlo I need quick advice.

My name is written like this in daily life: Khan Ali Raza (this is a made-up name used as an example)

But my passport says:

Surname: KHAN

Given names: ALI RAZA

So the passport reads Ali Raza Khan, but on my CFA profile I wrote Khan Ali Raza. The spelling is the same, only the order is different. (Again this is made-up name but my real name follows the same pattern.)

I have two options:

Change my passport (very long and hectic process here)

Change the name on my CFA profile to match the passport

I'm planning to do option 2. Is that the right move.?

And I am thinking after level 1 I will correct my name on my passport and then again change the name in the cfa portal before level 2.

CFA level 1 candidate here , I want to ask if I am right or wrong
For bonds , coupons are paid on semi annual basis ( if nothing mentioned ) so we use n= *2 coupon /2 r= /2

For stocks / equity , dividend are always paid annual basis ( if nothing mentioned )
Can anyone preparing for level 1 or other clear this doubt ?

Some vignettes are really, really long, considering that you have to answer only 4 questions using them, so even in the exam, can we expect to see those? I have to keep scrolling between the vignette and the questions, and it gets annoying and tiring to read so much.

2 years. Bought a 90s ti ba ii plus for around 30 bucks. A kid shoved me while running and it fell and broke in two. Can I fix it and glue it up and use it in the test, or should I just buy a new one?