Major Tip How To Answer CFA Level 3 Essay Questions

Meet Nathan Ronen, CFA, Lead Instructor and Co-Founder of Chalk & Board. In this video, Nathan provides some advice about how to answer CFA Level III constructed response questions when they ask you to support, explain or justify your answer. Nathan has taught tens of thousands of CFA candidates how to pass the CFA Level 3 exam over three decades. Use Nathan's advice to maximize your CFA Level 3 exam points, and avoid losing points by making unnecessary, common candidate mistakes.
Chalk & Board is the best CFA prep provider offering the best CFA study materials in our view. Watch this video to learn more for yourself. Feel free to like this video, ask questions in the comments section and subscribe to this channel for regular tips, guidance and strategy on all things related to the CFA exams. Visit www.chalkandbo... to learn more about why the Ronen Methodology is the most successful CFA® exam study program for all levels (Level I, Level II and Level III), and follow Nathan at:
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[@upstateNYfinest]

Solid video.
For the 3 countries example, other prep providers are recommending that you justify why it is not countries B and C, and why it is country A

[@ChalkBoardCFAPrep]

This is incorrect advice unfortunately. Some prep providers are making this recommendation based on their internal logic, but they never took the CFA exams themselves. I hope you succeed on your exam, please don't follow that advice. If you find yourself needing to retake Level 3 for whatever reason, consider letting Chalk & Board help you pass next time with proper guidance.

[@alexballing2365]

VERY HELPFUL! .so if the table has 3 portfolios and you re asked to justify which portfolio would immunize the liability better .
the answer wouldnt be :(A)because MVA=PVL and the other to disqualified. It would be (A) MVA=PVL because it would immunize better the liability because it would better match the size of the liabilities to be hedged.?
Ive seen provider mocks in which they leave it at just MVa=PVl

[@ChalkBoardCFAPrep]

You've got the right idea. When justifying, you want to write just enough to justify your answer but not more than that. And you don't want to justify your answer by explaining it's because the other two variants are wrong. That's like asking why you should invest in a stock and having the analyst tell you that you should invest in a stock because two other stocks are wrong. It doesn't justify the stock pick, it just identifies that the analyst feels the other two stocks (that weren't asked about) are unjustified.

[@YashGupta-h5q]

You dont have 3 free mock exams on your website which you mentioned in the video

[@ChalkBoardCFAPrep]

We do not mention 3 free mock exams in the video. We have 3 mock exams and we also have a free sample essay question available on our website.

[@Analyst2019pro]

They aren’t essays they are constructed response

[@ChalkBoardCFAPrep]

It's not a square, it's a rhombus. Listen to the advice in this video or risk losing valuable points.