joe240

joe240

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  • Avatar of joe240joe240
    Participant
      • CFA Level 1
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      5
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      Thanks @Sophie!

      After looking at the summaries on 300 hours, exploring the websites of the “big 3,” borrowing Schweser’s older material (2011), and having used the trial access to Elan, I have an idea. But let me give you what I’m thinking and maybe you can help steer me straight:

      I will be reimburse for the cost of these materials so I am trying to focus on quality over value.

      Schweser’s books are solid, but after looking at Elan’s videos I am inclined to think they may have the best online video instruction. Fitch does seem quality but they also pricey and living in Arizona, I may not be able to take full advantage of what seems to be their emphasis: in person class/review. However, seeing as I am leaning so heavily on the CFAI books I thought maybe my best bet was Schweser as they offer 6 practice exams. I know we get one free exam from CFAI and I saw on your reviews and offers page BPP also is offering 1 free mock. Fitch and Elan only offer 3 mocks. So 8 total mocks is better than 5, right? I did see there are ways to buy mocks a la carte as well though.

      At this point I am leaning towards signing up for Schweser’s Premium and using the 3 day review online. I was leaning towards Elan but Elan’s website has me concerned about quality and the extra mocks seem important. Fitch is probably what I’ve researched the least so I’m open to ANY input anyone has. I’ll probably wait a few days and do some more research in the meantime.

      P.S. You mention on the Reviews and Offers page a 41% discount on Schweser but when I look at the packages on the website it seems to be retail pricing, is there a code or something we need to do to get a discounted price?

      Avatar of joe240joe240
      Participant
        • CFA Level 1
        Up
        3
        ::

        I am currently getting through the material using just the cfai material (book 3-FRA, right now) but I am planning on supplementing it with third party material. I will lean on that for the review and questions I have on the material… hopefully that works. I don’t think the material is that dry but I have run into one or two questions I cannot resolve (probably a user issue). The hardest part I am running into right now is which third party to supplement with.

        Avatar of joe240joe240
        Participant
          • CFA Level 1
          Up
          3
          ::

          This is fantastic! I’m well over 100 hours in and thinking without this I wouldn’t anywhere near where I am by now. Keeps me motivated day to day to be able to update my progress and realizing the totality of what I need to do is irreplaceable! Thanks so much @Sophie!!

          Avatar of joe240joe240
          Participant
            • CFA Level 1
            Up
            3
            ::

            @h0k1

            I am new here and haven’t ordered 3rd party yet but I posted much of this on another discussion thread, thought I would repost my thoughts here as I am in the same process myself and we may get further help from others in addition, this may help you:

            I think those are the same company, just slightly different options on the UK site.

            After looking at the summaries on 300 hours, exploring the websites of the “big 3,” borrowing Schweser’s older material (2011), and having used the trial access to Elan, I have an idea of where to go. But let me give you what I’m thinking and maybe you can help steer me straight:

            I will be reimbursed for the cost of these materials so I am trying to focus on quality over value.

            Schweser’s books are solid, but after looking at Elan’s videos I am inclined to think they may have the best online video instruction. Fitch does seem quality but they also pricey and living in Arizona, I may not be able to take full advantage of what seems to be their emphasis: in person class/review. However, seeing as I am leaning so heavily on the CFAI books I thought maybe my best bet was Schweser as they offer 6 practice exams. I know we get one free exam from CFAI and I saw on your reviews and offers page BPP also is offering 1 free mock. Fitch and Elan only offer 3 mocks. So 8 total mocks is better than 5, right? I did see there are ways to buy mocks a la carte as well though.

            At this point I am leaning towards signing up for Schweser’s Premium and using the 3 day review online. I was leaning towards Elan but Elan’s website has me concerned about quality and the extra mocks seem important. Fitch is probably what I’ve researched the least so I’m open to ANY input anyone has. I’ll probably wait a few days and do some more research in the meantime. 😀

            Avatar of joe240joe240
            Participant
              • CFA Level 1
              Up
              3
              ::

              Living in the Southwest U.S., Spanish has obvious day to day utility. But in America, I don’t think it’s just here that this would apply. Anywhere in our industry, I can see a huge need going forward to have Spanish speaking employees. That, and I want to know what those people are saying about me in the grocery line!

              Avatar of joe240joe240
              Participant
                • CFA Level 1
                Up
                2
                ::

                I wish I could comment on this as anonymously as the poster.
                I have to agree with @monito and @edulima. The post about doing level 1 in two weeks was giving some people the wrong idea but this seems to be blatant chest pounding about what really should be considered disrespectful/shameful.
                These posts seem to be saying I was able to get away with making all the wrong decisions and pass, why are you being so disciplined and studying so many hours when this really isn’t that hard? What is the next post? “How my inbred Golden Retriever passed level 1?”
                I come here for inspiration and lighthearted is great, but this is denigration.
                If this isn’t mean to make me feel devalued, it certainly doesn’t “add value.” To me, or the charter itself….
                I had to say it.

                Avatar of joe240joe240
                Participant
                  • CFA Level 1
                  Up
                  1
                  ::

                  I’ll caution this by saying I’m a level 1 candidate, I don’t know much…. (I’m about 130 hours in on a 400 hour plan that I started in late October for June ’14)

                  that being said I would say 6 months give or take a little seems to be the consensus ideal.

                  Less than that, and you are trying to cram too much in, more than that and you may be testing the limits of what your brain can remember from studying that many months back.

                  Hopefully one of the seniors will add some more clarity. For both of us 😉

                  Avatar of joe240joe240
                  Participant
                    • CFA Level 1
                    Up
                    0
                    ::

                    Another question about the second sheet – The Deadline column says that the deadline for Practice Exams and Revision should be at least one month prior to the exam. I’m confused because then aren’t you doing more review until the exam itself (and probably more practice exams)? Do you really want two months (or more) of this versus more time spent on the original material? Or perhaps I am misinterpreting the suggested structure?
                    Thanks!

                    Avatar of joe240joe240
                    Participant
                      • CFA Level 1
                      Up
                      0
                      ::

                      Indirect method
                      Net Income -> Adjustments -> CFO.
                      Since, Net Income includes any CFF and CFI, they need to be adjusted as well to get CFO.
                      Therefore, subtract the gain on sale of land as CFI.
                      You’re right that it’s CFI Alex, but it still needs to be subtracted…

                      so 485 is correct.

                      Any holes in my thinking?

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