Let's Talk About: CFA Level I Results

Author:
Updated:
Original:

Thirty-eight percent of the December™ Level I™ test-takers test-takers learn by email today that they're one step closer to being able to guarantee investment results. As for your humble correspondent ... he passed. Go team!

The good news: For 38% of you, this is the first step on a 4-year road to spectacular wealth and professional fulfillment. For me ... struggling a bit. I'm not sure that 1/3rd of a CFA credential + blogging experience is the the first step on a 4-year road to anywhere anyone would particularly want to be, though as an experiment we're going to start a Dealbreaker Investing Tips newsletter, slap CFA logos all over it, and charge $600 a month to subscribe. The main advantage for me is not having to write a post saying "I failed, have at it!"

The bad news: For 62% of you, this is the first step on a ... 6-month road .... to taking Level I again? Or just give up? I don't know, missing out on this particular prize doesn't seem life-ruining, unless you did something dumb like predicting your likelihood of success to the internet. For me ... does this mean I need to do two more of these? Because, that sucks. I'm sort of assuming that I can get by at Level II with somewhat less diligence than I devoted to Level I - true? Surely with Level I to weed out the no-hopers and Level III to maintain the high standards of Charterholdering™ with its, ugh, essays, Level II is just a soft creamy middle filled with fees for the Institute. But then they go and fail 57% of Level II takers, which seems harsh.

Anyway, the floor is yours: share your happiness/sadness/freaking out at passing/failing/not having received your email yet, or, if Level I is just a fond memory for you, give me advice on whether passing Level II will require me to ruin a whole week of my summer.

Related

Let’s Talk About: CFA Level I Results

Are you among the 37% of candidates who passed the December 2012 exam? Are you going to celebrate by allowing yourself one night off from studying and then cracking the Level II books first thing tomorrow morning?