Practice questions: What is the best way ?

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canbonbon

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I am preparing for the Dec exam. As I am going through schweser sessions (and completing concept checkers religiously) I am finding a big need to do more questions for practice. I have seen questions banks, etc. from various vendors. What is everyone recommending ? I really need to augument my study session with extra practice questions. I have the sample exams, but I don't want to pollute them by picking questions for various sections, etc. and use them for full exam instead. Someone mentioned SchwserPro, so should I buy that ?

What did the folks who gave June exam practice on ?

Thanks for all your help.
 
SchweserPro Question Bank
(q-bank as we like to call it)
it's a great tool. do a lot of questions to reinforce the stuff you read.
you can either get a CD that lets you download it 2x or can get the online version.
 
I use allenresources testbank. it has 7500 questions. i think it is a fantastic tool
 
Schweser can help a lot. Even its Practice Exam is notoriously difficult and wordy, it trained me to get the far faster pace than required to analyze and answer the questions in real exam (Doesn't mean I must pass the exam though, but I am confident to be).
 
Thanks,

Has anyone tried the Stalla Passmaster software ? It is supposed to keep some tracking information to help you. I am attending their *free* workshop tomorrow and would ask them about discounts, etc. I am leaning towards the Schweser Pro CD though, but I will wait till tomorrow to make the decision. One is $450 and the other is $250, hence the dilemma.
 
For those that have used the Schweser Q-bank, is it easy to select questions that relate to specific readings? What I mean, is if I were to complete a reading in the CFAI curriculum, and then wanted to try some questions specific to that topic, could I easily call up the appropriate questions?

Thanks!
 
yes, you can select questions for every LOS you read.
 
I strongly recommend the Q bank.

I would read the CFAI text and do the problems in there (I couldn't always do them all). Then read Schweser and do all the concept checkers. And finally follow up with a few section specific questions from the Q bank.

It tracks the questions you've answered already and the % correct. There are over 4000 unique questions. I then returned to each section during my reviews of material (much of the material I would go back on after a month or so just to freshen up) and during my intensive final review.
 
The problems in the CFA books were good as well....These questions were designed to cover the LOS's that are being tested on the actual exam. If you can manage to answer them, then you can be confident that you have at least mastered the LOS statements, which is almost always a great confidence booster
 
Plyon, by doing all that varied studying for just one reading, how many hours would it take you to complete all of those steps for a reading, on average?

I figure it takes me 2-3 hours to read the CFAI text, anywhere from 1-3 hours to work all the cfai problems and go over them. Maybe another 1-2 hours to skim the Schweser notes and then another 1-2 hours for the concept checkers and the q bank reading quiz covering all the LOS's in the reading.

Does this sound right? Seems like a lot of time but certainly a dang good review.
 
Dsylexic, have you also used the Schweser q bank, or just the allen resources version? I'm curious to know how they compare. Thanks.
 
i dont have a finance background, so studying from the CFAI books, i really dont want to get the Schweser notes if i dont have to. would it be ok if i just get the Schweser practice exam book? So in the end i would have read the CFAI books, do the questions at the end of the readings and practice with the Practice exam book! This is all for L1 in December.

Heres the book i am talking bout: http://www.schweser.com/products/products.php?category=EXAM
 
bsivia, I found the CFAI books invaluable to being sharp on the exam. It might take you longer time than schweser to read, but you'll be more in line with the "language" of the CFA. The schweser practice exams and the Q-Bank are great tools to increase your confidence with the concepts and test your memory as well. Remember though, that Level 1 is highly conceptual and theoretical. Not much emphasis on calculations, but more on the "reading"part. If you can afford to, get the practice exams, Q-Bank, and the CFAI Online Exams. There are 5 CFAI Online exams ($50/each), and in my opinion, if you can get decent marks on these (over 75-78% on each), will give you a high chance of passing. Keep testing yourself with problems thoough
 
TorontoTim ,

my colleague has schweser q bank -which i had a look at for a couple of days - seemed to be of comparable difficulty levels in the little time I had to sample it -.only benefit with allenresources would probably be the size of the q bank.
i would settle for either . major pluses for allenres. would a) volume b)money back guarantee.

ps: difficulty level wise -i had a peek at analyst notes ,seemed to be toughest set of questions i ever encountered.



Edited 1 time(s). Last edit at Thursday, June 14, 2007 at 12:48AM by Dsylexic.
 
test

@#$%&

unbelievable: AF has beeped out a n a l y s t n o t e s?

wtf!



Edited 1 time(s). Last edit at Thursday, June 14, 2007 at 12:51AM by Dsylexic.
 
culley Wrote:
-------------------------------------------------------
> Plyon, by doing all that varied studying for just
> one reading, how many hours would it take you to
> complete all of those steps for a reading, on
> average?
>
> I figure it takes me 2-3 hours to read the CFAI
> text, anywhere from 1-3 hours to work all the cfai
> problems and go over them. Maybe another 1-2 hours
> to skim the Schweser notes and then another 1-2
> hours for the concept checkers and the q bank
> reading quiz covering all the LOS's in the
> reading.
>
> Does this sound right? Seems like a lot of time
> but certainly a dang good review.

Boy.. I really don't remember the exact amount of time per reading / section. I did the Schweser online weekly review class and I was able to keep up with that schedule (although I did have to push myself pretty hard sometimes -- other weeks were easier). That probably meant about 20 hours / week on average.

I've been a fixed income portfolio manager for about 15 years. I don't have an accounting background, but I consider myself a quick learner and very good test taker. I also didn't want to fail. In order to get to a place where I was very confident it took me about 400 hours or more. It's that simple.
 
Thanks dsylexic. I've used just a tiny bit of QBank at this point, and so far so good. I may come back to allenresources if I'm hungry for more questions. Most of this material is completely new to me, so I'm getting intimidated about the volume of stuff I have to learn! My brain appears to be completely full -- anytime I try to put new info in there, other stuff spills out.
 
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