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Where are you now (= your progress)?

Hello everyone,

I have just found myself tired and sick from CFA studies: I started at second week of October. For the moment I finished only with Econ and Quant and I’m on reading #20 now (it’s FRA). At the same time  I have only 60% for tests and  there are so many things to understand and polish that I’m ready to cry!

Where are you now? How do you feel about it?

i would be very much appreciated for any word or kick.

"It does not matter how slowly you go as long as you do not stop" Confucius
CFA L2 retaker:)))

Master the Level II curriculum by creating custom quizzes in the SchweserPro™ QBank. Question difficulty automatically adapts to your ability level on a given topic, measuring your knowledge and keeping you motivated. Included in every Schweser Study Package.

burnout already? you have some time, take a few days, recharge

Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.

Econ

Read Ethics, Econ, Quants, Equity, and about to finish FRA. I’m not burnout but I am already feeling the depth and intensity of the L2… I am doing well on the EOC tests (+70), the thing is that I don’t really know how am I gonna remember everything for the exam, there is just too much detail to know, and many similarities between some concepts (mainly in FRA).

I guess we have to keep on working hard and spending less time on AF!!

"Someone's in the shade today because someone planted a tree a long time ago"

Well I dont even know if I passed level I on Decemberm but Im already done reading Quant and Economics. Take some days off and continue at the beginning of next year so you are refreshed. Its a long way to go..

Wow .. still 5+ months to go, and some of you guys are far along! 

I’ll be starting Quant this week. (Don’t have my Dec result just yet)

Itera,  thank you very much, your words sound very encoraging! enlightened

Sharky7, wow. so much done! Thanks for sharing! I decided to take notes along with some tests to review, repeat and drilll concepts. When do you plan finish readings and start mocks? How much time you spend during the weeks? Regarding AF: I’m coming here only several times a week (not day wink)

Usher, well done! yes Thank you for sharing.

"It does not matter how slowly you go as long as you do not stop" Confucius
CFA L2 retaker:)))

I started last week

Finished Equity, now at AI/Fixed Income

Started last week. Done with AI and FI. I am counting on the holidays to get ahead. I plan to have finished Quant and Economics by the beginning of january. By the end of January, FRA + CF should be over. In February, I’ll slay Derivatives + PM. I’ll get Equity over with as of the beginning of March. I’ll sprinkle Ethics on top of everything from end of March till the exam. I’ll start rocking all the mock tests and hitting all the EOCs from CFAI on April 1st, till May 31st. I took a week off prior to the exam to review everything and chill out. I plan to do 6 mocks in exam conditions (I believe it was the magic number for L1).

LETS DO IT GUYS

PS: Anyone else feeling like the CFA is taking a toll on both mental and physical states? I’ve had a couple of horrible nightmares about failing L1 :D


Workign my way through Econ as we speak. VERY mundane!! Let’s do this guys.

about 50% thru material. finished ethics, econ, quant in october. finished fra in november and corp finance in first half of december. last week and a half i’ve retaken all eocq and feel good about moving onto equity after xmas. 

good luck everyone

Do all of you take notes along the way? I did that for Quant but then it gets too distracting… 

I’m through ethics, quant, and econ. I should finish FRA before December is over. My goal is to finish all readings before January is over. CFAI EOC question in February and review reading materials for notes on questions I got wrong. Practice tests and concept reviews in March, April, and May. Good luck to all.

Done Equity, AI, CF, will be done with FRA by end of December. Then FI, Drv, Quant, PM, Econ, Ethics in Jan/Feb (sounds harsh).

Corrcet me if I'm worng

Saw you said you switched to Schweser. How have you been finding it? Thinking about jumping the curriculum ship, at least by not wasting time reading the superfluous detail

I am very confused. How are you guys reading the CFA Level 2 Curriculum when you don’t even have your CFA Level 1 results yet? I am in the same boat: wrote Level 1 in December. I want to start preparing but I cannot order the material until I register for Level 2 but that won’t happen until I get the results! So frustrating!

Started Mid Nov, read Quant, Econ, 2 readings left in FRA. getting 65-73% on self test.

"if you would have told me twenty-five years ago that some day I’d be standing here about to solve the worlds energy problems, I would’ve said you’re crazy… Now let’s push this giant ball of oil out the window."

I was in the same boat as you last year.  Tough spot, you either have to buy schweser or just not study until basically Feb.  And it makes it even tougher that you’re on a short time frame.  If you have the $$ to potentially waste, you may want to go ahead and buy schweser to get started if you’re confident that you passed.

I took the schweser plunge to get started early a year ago.  Once I passed and got CFAI materials, I ultimately ditched Schweser.  Anyhow, it was kind of a waste of money for Schweser but there’s no other option if you want to get an early start.

If you have a solid finance background and killed L1, you’re probably fine to just wait till Feb.  If you’re have no background on the L2 topics and were shaky on L1 (but still think you passed), probably best to go ahead and get started w/ Schweser.

Went thru ethics but it’s pretty much the same as level 1.  Completed Quant and Econ but know them inside out.  Eg. Triangular currency arb, forward/premium of currency, marking forward contracts and carry trades.  I’m assuming those will be the main questions.

Quant is old stuff for me but I went thru it — did all that stuff in undergrad and grad school but it’s MUCH more in depth then I thought it would be for a CFA exam.  

Even did all the schweser exam questions pertaining to ethics, quant and econ already.  Did really well on them so I’m happy where I’m at. 

SG

@ TopperHarley

Awesome, thank you very much for the insight. I would +1 your post if I knew how/or could. 

Any recommendations on which subjects to begin (i.e. what you did last year) in the Schweser text? I will ditch Schweser once I get my CFAI books. Basically, which topics should I start with in Schweser that will be less painful when I switch back to CFAI. I hope that made sense.

IEATCROW

I’m an actuary and passed all those exams.  Dont start with the less painful.  Do the hard stuff - Econ, Quant, FSA, Derivatives first.  I’ve never failed an actuarial exam.

Thing is you learn thru repitition.  There might be a time on a subway or something and concept will just come together over time.  Even if you read difficult topics and understand them you wont rememeber them.  You have to do them early and then do them again.

Easy stuff is just easy.  Really I wasted my time doing ethics.  I’m not touching it til May.  Not that it’s easy but its the same stuff.  No repitition is required – Or to the same extent

SG

IEatCrows wrote:

I am very confused. How are you guys reading the CFA Level 2 Curriculum when you don’t even have your CFA Level 1 results yet? I am in the same boat: wrote Level 1 in December. I want to start preparing but I cannot order the material until I register for Level 2 but that won’t happen until I get the results! So frustrating!

FYI you can definitely order level 2 curriculum before receiving level 1, you just have to actually call up and order it as a “non candidate”. It is slightly more expensive as a non candidates but it is definitely possible…I had hard copies sent to the UK and I haven’t received my results yet.

be aware that when you do register for level two you will still be forced to buy the electronic copy of the curriculum.

S666 wrote:

IEatCrows wrote:

I am very confused. How are you guys reading the CFA Level 2 Curriculum when you don’t even have your CFA Level 1 results yet? I am in the same boat: wrote Level 1 in December. I want to start preparing but I cannot order the material until I register for Level 2 but that won’t happen until I get the results! So frustrating!

FYI you can definitely order level 2 curriculum before receiving level 1, you just have to actually call up and order it as a “non candidate”. It is slightly more expensive as a non candidates but it is definitely possible…I had hard copies sent to the UK and I haven’t received my results yet.

be aware that when you do register for level two you will still be forced to buy the electronic copy of the curriculum.


Ya, I just ordered my level 2 books, should be here in a few days. The cost is the same… but when you are a candidate they provide the e-book. So just purchase the hard copy and its not extra cost assuming you were planning to buy it in Feb.

I have just started. Am ~14 hours in studying.. aiming to make ca. 450hours. I don’t go in the curriculum order.. just jumping from one reading to another. For now picking up only the ones that are easy-to-read for me.

I’ve finished Quants, about half way through Corporate Finance.

The thing is I like to write my own notes; it’s the best way for me to learn the material. Of course the problem with that is it’s very time consuming. I don’t know if this is the correct approach to take. Any suggestions would be appreciated. I currently am just using the curriculum notes, don’t have any study guides.

I’m going in order (though I skipped ethics) and am doing alts right now. The plan in theory is to get all the material done by the end of February then just attack my weak areas. My approach has been one study session per week (with review weeks built in), relying primarily on Schweser but working through CFAI blue boxes and EOCQs. Then it’s Q-Bank and hitting my weak spots, and finally I’ll have at least a month or two of practice tests.

Would you, Quintus? Would I?

Listening to you guys is scary. I havnt even started yet!

Is there someone who is sailing on the same boat as me? :)

I’m finished reading FRA, Fixed Income, Equity and Corporate Finance. I had started Quants but after the first reading, had to set it aside because it’s really difficult for me. Will try that again in mid-January. I’m trying to get through all of the material by mid-February, then go back and read my highlights and do tons of practice problems.

@arun29491 – I haven’t really started yet; went through some of the case studies with Ethics, haven’t even really begun with Quant…..

I’ll probably get started next week though, and I generally put in close to 6-8 hours on the weekends so I’m thinking I’ll be fine. (I also started studying for L1 in early March)

Good luck guys

So far I’m done reading Quants, Econ, and almost done FRA from the CFA curriculum… it’s taking a long time to go through the material and take (short) notes as I go! I also find that I’m not really retaining concepts I’ve already read after a few weeks… anyone else finding this?

Best of luck to everyone!

i did ethics…. one of the readings of Economics 

and about two readings of FRA so far ….. just do not feel like studying :D