John10

nzhukov

Sorry, I’m not that rich to buy 3rd party providers’ stuff.

defour44

You cannot possibly expect to score perfectly just after finishing your first read. There is an insane amont of material to go through so you tend to forget what you studied as you move on to next subject. Retention only comes when you put in more time and effort to revise the material and to practice the questions.
I agree reading the curriculum for the second time would really be a pain in ass, and that’s where these study guides come in handy. Their content is more exam-focused and I believe they do an efficient job in preparing you for the big day!

Walex

You pulled all the information in your subconscious mind, this big dark area.
And it’s not on the surface now.
However the material will click when you do the following 2 things:
1. Briefly revise the study session
2. Do tests/mocks relating to this study session immediately after revising it.
That’t how it works.

bleach

Thanks for your advice!
I appreciate it a lot.
I have almost finished FRA with Curriculum and then start Quant with Elan. Is it okay if I do not use Curriculum for Quant?
And then since mid August till the end of September I will study Fixed Income&Derivatives.

yodacaia

I’m probably not the best person to ask about economics (even though I’m pretty sure I passed in June I still struggled with that area).
Fixed Income, however, is something I do feel I can advise you on. A lot of Fixed Income overlaps with Quantitative methods (discounting cashflows in particular). If you can get a strong grasp of Quant first then Fixed Income shouldn’t be too difficult.
On top of this you will only have to learn a few more equations and theory. It’s worth 12% of the exam and is easily one of the best sections to gain easy marks in considering how little material you need to learn for that 12% (same goes for Quant actually!).
How long will it take to learn from scratch? This ultimately depends on the individual. Read through the material and the examples in your study guide and you’ll get a rough idea on how long you will need to spend practicing questions to learn it.
FIxed Income is one of the easier sections of CFA Level 1. Don’t worry yourself too much about it and just get on with it.

jmh530

And another thing that concerns me, guys, is Fixed Income. How long will it take to learn it from scretch? In the university I did not have classes on fixed income at all.