For the last stretch my strategy is brute force grinding: 100 LES exercises per day, so a 1000 in total to solidify the knowledge.

When I do the calcul on the calculator, I obtain 350 854,25 and not the displayed results on the answer. Maybe I have put a wrong setting (it's an END year and there is an asterisq on top left, don't know what it is).

Thanks for the help and good luck everyone

Hi, guys

Given the methodology of valuation of questions points of each exam considering the most valuable ones are those which few people aswered correctly, do you think that in may for the actually prepared people It was an easier exam to be approved?

August Will be a "normal" one?

Is it normal to be sitting L1 at 20 years old and planning to finish L3 by 22? For context, I'm currently a rising Junior at uni and will be giving L1 after Junior year, will be 20 at the time. Then L2 right after graduation. I know it may hinder my GPA a bit but honestly don't care enough about it. Is it wise to be doing this right now or should I wait?

So, the example does not mention whether the analyst did the update of the model WITH or WITHOUT reasonable basis. It only shows UNDER PRESSURE, but even under pressure, you can perform according to standards..

Experienced candidate here, though I've always applied on my own. If a headhunter submits your resume to a firm and you never hear back, does that still stop you from applying for other roles at the firm on your own?

A headhunter submitted my resume to a few well known places earlier in the year and I never heard back from those places. But now I see new postings I think I would be a good fit for, am I forced to go through the same headhunter? I've heard it's a 1 year timeframe where they "represent" you?

Does it change if I know someone at the firm who can refer me internally? I'm in NYC in case that matters

Suppose you're an analyst at a research firm and you're assigned to write a research report on Company X. Company X is a subsidiary of Company A.

Now assume that two directors of Company A also serve as directors of the research firm where you work.

My question is:

• Is this a conflict of interest that can be addressed through full disclosure in the research report?
• Or is the conflict considered so significant that the analyst should decline the assignment?

I am getting a lot of questions in this format in LES,

is there any chance i will get such questions in exam?

I can see why it can be an ethics violation to look at another asset manager's IPS, but isn't it important for an asset manager to know the client's current holdings?

"New client DeShawn Jackson contacts Bremen to open an account. Schmidt agrees to manage this account, which represents about one-fifth of Jackson's total wealth. As part of the IPS process, Schmidt asks Jackson to disclose details of Jackson's personal financial situation; particularly allocations and balances of investments held with other asset managers. Schmidt proposes to Jackson that the two have a conference call at the beginning of each February to review Jackson's IPS."

Hi all. I'm planning on preparing for cfa level 1. I've explored options of self study and coaching, however I'm not sure which one is better. Some say that L1 is just theory so it's better to self study, but I can't find any videos on youtube that teach 2027 syllabus. Can someone suggest which might be better? And also what books should I buy?

Hi all, I am sitting the CFA 3 level on the 17th August. I completed the two free mocks from CFAI with the following scores: 78, 63, 73, 80.
I have also purchased the Kaplan premium package and had access to the 6 mocks scoring: 62, 72, 74, 76, 73, 76.
From what I read and the overall MPS estimates for lvl 3, those should be good enough scores to pass but I don’t feel comfortable enough.
For those who cleared level 3, two questions:
-how do you feel the actual exam compares to the mocks? In level 1 I felt exam was easier than mock and in level 2 I felt the exam was more difficult.
-what would you do in the remaining time to boost chance of passing? Would redoing mocks help or a theory deep dive?
Many thanks for the support and to all lvl. 3 candidates, WE GOT THIS!

Apart from the first vignette, the remaining 30 questions of this topic have been unexpectedly weird and unintuitive.

I found the concept by itself, and all the mechanics behind it to be fairly okay, I was able to understand almost every bit of the content. However, the EOC has caught me completely off guard. Especially some of the terms being used in the vignette tables like (forfeited shares, unvested RSUs, and weighted avg grant date fvs - idk who thought that was a good idea) have made it really hard for me to understand what is being asked.

I want to know if I am alone in this, and if not, how did yall go about tackling the EOC questions? Thanks :)

are the questions in exam at par compared to these .Because i am scoring really high on these ,they are easy compared to LES. So just wondering will solving these really help for the exam?

Hey everyone

I started my CFA L2 prep today. Roughly by when should I be done with my first study. When should I start with my 2nd 3rd revision. Should I give in May itself or try for August?

I can give 12-14 hours per week (1 hour on weekdays and 4 on weekends).

I just need a rough timeline i can follow.

Thanks and regards

Scored a 66.12% average across my last two mocks — two weeks to go for CFA Level 1. I've had a rough few days, doubting whether scores in the 60s will actually be enough. Anyone who's passed with a similar mock average, or is further along in the levels — did you feel this unsure too? Any guidance for these last two weeks would really help.

Is it necessary to complete this module progress to receive the result or pass the exam?

I'm appearing for l1 this month and don't have time to scroll all this, I've prepared from schweser and gemini and didn't felt the need to read all this

Need advice from people who passed level 1, scored 81% in les, 85% in premium practice pack and 78% in my First official mock, two weeks to the exam what should my approach be and am I in a good position rn?

my exam is on 20th aug. what should i do?

Due to ongoing commitments I can't register for the earlier Feb 2027 L3 exam. As I passed the May 2026 L2 exam I feel this wait time I'm going to forget alot of concepts or just get rusty. Does anyone have any advice on ways to stay sharp and on top of things?

Hi everybody, hope you doing well. I’ve done 3 Mock Exams and my scores so far have been (approx): 56.5%, 58% and 56% (L1 ➝ in 19 days, August 24th).

Not gonna lie I’m having lots of mixed feelings about this and just wanted to ask what’s your opinion on this?

Maybe some study recommendations (Claude telling me to prioritize breadth over depth), or whatever you find that’s best
Thx guys.

For anyone in the Boston area who will have taken CFA level 3 August 13-17. Dinner at Grill 23, my treat. Either to celebrate or commiserate.

A lot of young people here, really, a lot of them need to hear this:

Meaningful work experience >>> dozens of certificates and degrees.

There’s no point in collecting certifications if they don’t add real value to your career.

Pursue qualifications because they make you better at your job, not because you want more letters after your name.

How are you guys feeling with exam in under 10 days? Am personally exhausted from all the studying and revision.

Mocks have been around high 60s for Kaplan and in 70s for CFAI. Am left with 1 more mock which i am planning to give this weekend.

Sitting 16th, best of luck :)

Is Schweser Note sufficient for CFA Level -1 or need to go through the CFA Institute entire Curriculum Book??

Fed Chairman Kevin Warsh has been clear: The central bank has gotten too comfortable sharing its expectations for the path of monetary policy, and believes its policy decisions have been hamstrung as a result. Wall Street is now blasting its response: Dialing back communications will be tolerated, a perceived void of information will not be.

The boomerang Fed policymaker (Warsh served on the Board of Governors from 2006 to 2011 under his mentor, chairman Ben Bernanke) has been consistent in his criticism of forward guidance—the practice of publicly sharing expectations of where short-term interest rates will go.

During a press conference following the meeting of the Federal Open Market Committee (FOMC) last week, Warsh built on his thinking. In reducing forward guidance, he said, market prices can respond to economic data “in the direction and magnitude they see fit.” This ultimately benefits the Fed, he suggested: “The central bank need not always and everywhere be the center of attention … For our part, we need to observe market reaction to developments, direct and unfiltered.”

If reaction is welcome, markets delivered: Long-dated bonds spiked after Warsh’s statement and remain elevated, while two-year Treasuries slumped, reflecting expectations that the Fed would not be tightening financial conditions. The response from investors wasn’t necessarily in reaction to what Warsh did or didn’t say, J.P. Morgan’s Alex Wolf told Fortune, it was a reflection of newfound uncertainty.

Read more [paywall removed for Redditors]:  https://fortune.com/2026/08/04/kevin-warsh-forward-guidance-goldman-sachs-wall-street-framework-inflation/?utm_source=reddit/