5 Common Mistakes to Watch Out For in CFA Multiple Choice Questions

Thanks for the great advice @Sophie. I am feeling really overwhelmed ATM with everyone talking about great scores. I am not doing so good myself because I keep forgetting lots of things but I am still trying to do the best I can in these last days. Thanks for the support 🙂

Hi @NIk23‌ – I’d definitely do CFAI mock and a few more practice papers from various providers. Schweser’s are good, they train you to ace the quantitative / calculation-based questions extremely well. There are others like Elan and Fitch which are good too and provides variety – so you don’t ‘get used’ to a style of question by a particular provider. Have you seen this post I wrote about the practice exams?

Sorry sofie I meant this years papers and books from Fitch and schweser. Reason I’m asking is there’s two weeks and I’m just starting papers now but got a long bank holiday weekend ahead and I got the last week off as well. Just seeing how many papers I can realistically go through constructively and actually learn and progress from rather than just bashing out question after question and not learning from the mistakes I make. Through your experiences how many papers would you say is a good target to aim for with the long bank holiday weekend and the whole of the next week off. I’ve seen your post in going through approx 7 papers, do you think that’s realistic in the time frame given because I tend to overestimate how much I can really do in a day and then go into panic mode realising I haven’t concerned what I had set out to do. Your helps much appreciated, it’s great that you’re willing to share your experiences as we can learn so much from it.

Sorry just to add this is for level 2 thanks

Thanks sofie, I have a couple of Fitch past papers, the schweser exam paper books and the free mocks on the cfa website, plan is to go through all of them in the next 2 weeks (don’t know if that’ll happen though!) just wanted to see which ones to prioritise first. Ill definitely do the cfa mocks and I’ll try and vary it between schweser and fitch by alternating possibly . Thank you so much for your help on this!

@NIk23‌ – I would prioritise CFAI mock first, the present year mock papers from Schweser / Fitch (the older the mock the more outdated they are so do them in the latest order). Hope that helps!

I think you normally take a full day to do 6 hours worth of exam, and the whole of the next day to check, review, revise sections you got wrong. So 2 days per set of AM and PM paper. You should have enough time to do at least 4 sets of practice papers which is the minimum.

Don’t try to rush through the papers, quality is better than quantity! Don’t panic, just do – it’s important as you’ll learn a lot from this even though you started your practice questions a little late.

Thanks Sofie much appreciated!

Hi Sofie, some very good points, I find myself overthinking ethics and missing key points in the vignette. Will defo bear this in mind. A quick question, in your opinion and everyone else that reads this, how effective did you find the two schweser past exam books in terms of
Preparation? That is if you used them? I’m starting past exams now and trying to prioritise which ones to do. Would appreciate your opinion on this. Thanks