I need some encouragement... yesterday, planning, material, needed

rosewhite

I'm taking L1 in June. I got the CFA material in mid-November and spend about six weeks hitting the first book (ethics and quant) pretty hard. Unfortunately, I got a little burnt out and I haven't touched the books in about seven weeks. I found the CFA material to be longer than it needed to be in places so yesterday I ordered the Schweser notes, qbank, and mock exams. I'm planning to really knuckled down again once I get the notes, but I'm just wondering if I have enough time. Twenty hours a week still gives me about 300hrs before test time. Plus, I have a degree in finance and accounting and I'm a CFP so a lot of the material is already pretty familiar to me. Someone tell me I can do this...please...

patrick

disiz64

If you don't pass L1 with your background and 300 hours of studying, you are a total moron.

leadcfa

Hey Patrick, go for it man!

If you give it your best shot and considering your background in finance, you can make it. But you have to eat,drink,sleep, dream... CFA for the next months!

We kind of having the same background, in addition to holding an MBA finance, I am also a CFP Charterholder, I am also very familiar to a lot of the concepts, however CFA( like the CFP) is an application based exam where you need to know the inside-out of the concepts and formulas. Knowing/mugging up the formulae will not do the trick.

Make sure your read the entire schweser notes, you complete the Qbank and as many mock exams as possible. Use the CFAI books for concepts your are not too familiar and having problems understanding.

Long Story short, if you start now and ready to sacrifice the next 3 months, you have a good shot!

orang3eph

Hello Mister Walrus Wrote:
-------------------------------------------------------
> If you don't pass L1 with your background and 300
> hours of studying, you are a total moron.

haha

Burnt out after only Ethics/Quant? Oh man...

I get what you're saying about the CFA curriculum and Schweser should help with that, but you need to buckle down.

waldziuchna

With your background and 20 hours a week u will probably pass the test, I have the same exact background and it took me 300 hours. I passed on the first attempt, I read the Schweser books once and did EOC questions, and took three weeks off work leading up to the exam to review (read the Secret Sauce twice, did 2000 questions on the QBank).
Dont listen to real morons on this site.
Best of Luck, you've got plenty of time



Edited 1 time(s). Last edit at Tuesday, February 23, 2010 at 10:36AM by beyiyi.

invic

Yeah, CFP really doesn't add much value towards CFA study. The CFP investment material only skims the surface of the CFA curriculum. There are a few CFPs in my office who assumed that the material covered in the CFP program would translate well into the CFA exam. They all failed miserably.

Wasteoftime

you're all good man... experience is what counts in that game... take care
I have background in ER and I have just started...

Mechanic

xT Wrote:
-------------------------------------------------------
> i have a degree in econ, studied approx 150 hours for level 1
> and passed in dec '08 with every subject > 70%
> except for equities (between 50 and 70%).
> studied 150 hours for level > 2 and (barely)
> passed in june '09. started preparing for level 3
> last month. trust me, i'm not > a smart person.
> if i can do it, the average person can do it.
> stop discouraging yourself. open your book and get going



Big deal. I skimmed the schweser books and decided it was all nothing new, about 50 hours max. I walked into the exam after getting drunk and stoned the night before the exam. Flying colors all +70% scores.

150 hours? sad... my junior high school brother would outscore you.



Edited 1 time(s). Last edit at Friday, March 5, 2010 at 11:55AM by iteracom.

Flok

Friends,
On the same lines, I have started with CFA material and nothing else. Can anyone suggest any other material for practice ?

Kumar

suyash1989

iteracom Wrote:
-------------------------------------------------------
> xT Wrote:
> --------------------------------------------------
> -----
> > i have a degree in econ, studied approx 150
> hours for level 1
> > and passed in dec '08 with every subject > 70%
> > except for equities (between 50 and 70%).
> > studied 150 hours for level > 2 and (barely)
> > passed in june '09. started preparing for level
> 3
> > last month. trust me, i'm not > a smart person.
>
> > if i can do it, the average person can do it.
> > stop discouraging yourself. open your book and
> get going
>
>
>
> Big deal. I skimmed the schweser books and decided
> it was all nothing new, about 50 hours max. I
> walked into the exam after getting drunk and
> stoned the night before the exam. Flying colors
> all +70% scores.
>
> 150 hours? sad... my junior high school brother
> would outscore you.


haha i was just trying to offer some encouragement. i think you took it the wrong way. i'm really sorry that you failed your level 1 exam after studying for 300+ hours...(and your little brother made fun of you). don't know what to say really. maybe study 500+ hours on your next try? good luck!