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I feel like I need more practice beyond what’s in the assigned materials. Does any one have any recommendations on where to get more practice problems and practice exams(free or paid). I know the CFA institute has exams and Investopedia has a practice problem bank. I haven’t tried either yet but I plan on doing so at the end of the month when I finish my financial statement book. I was just wondering if there are any other recommendations and what people thought of the practice problems and exams compared to the actual test.
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@KBaltazar‌
There are loads of question banks available everywhere. Sadly, very few of them are free. Here’s what I’ve figured out, on the basis of what I’ve read on different online resources:
1. CFAI materials – The end of chapter questions in the CFAI books are closest to what is asked on the exam. These are slightly easier than the exam questions. Some people even paid for the additional mock tests of the CFAI, but they haven’t found those to be useful. However, it is recommended to give the one free mock that you get access to after registration with CFAI
2. Schweser QBank – Covers a lot of questions, more organized – provides questions on LOS basis. Good collection. Easier than the main CFA exam. Quite expensive! Most popular qbank! People swear by Schweser notes, qbanks and mocks.
3. Analyst notes – Affordable, difficulty level is high, not organised on LOS basis, but is organised on study session basis.
4. FinQuiz – More expensive than Analyst notes, difficulty level is probably as high as analyst not es, organised on LOS basis, can mark important questions which you’d like to revisit.
5. Elan, allen, 7 city, fitch learning, finance train etc – These are the other players in the market. I haven’t been able to find much info on these. Try Google for more info about them.
Check in the offers section, 300 hours has discounts on most of the above mentioned third party products!
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Hi @KBaltazar‌, it’s probably too early to look for June 2015 practice papers, as it’s common practice to do it in the last few months before exams for maximum impact.
@jessmat has provided an excellent summary, but having been in this forum for a bit, it’s normal that the 300h guys would search/summarise the best deals about 2-3 months before the exams.
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@KBaltazar‌
I wrote a post about how to choose a Question bank. That might be helpful to you.The above list missed the Passed Tense Adapt Exam Engine. Adapt is the only question bank that used Adaptive learning technology to help you know when you are ready for the real exam – a technology tested and proven by nearly 1 million exams and quizzes on our flagship site Coaching Actuaries (which offers our products for actuarial exams).
Learn more about Adapt at: https://www.passedtense.com/Adapt-Exams. You can try a full 7 days for free. We do have our June 2015 product available although we’re still in process of adding new questions for the changed sections.
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Look at Boston CFA Society – excellent materials (https://onlinetestbank.bsas.org/BSAS_CFA_Exam_Preparation/CFA04.asp)
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