I have gone through all the schweser readings (except ethics) and schweser end of chapter questions once.
For the second round, I was planning to quickly skim through the readings again and doing CFA Institute end of chapter questions.
But now I find myself forgetting a lot of the stuff I have read earlier, and having to re-read in a lot more detailed manner than I would like to, which is costing me quite a bit of time.
I just feel like there is so much to memorize for CFA Level 3, many of which seem to be just hard memorization as opposed to understanding the concepts.
Should I stop dwelling on all the miniscule things and just go straight into questions? And just jump to whatever chapter that I have problems with? I do feel this method will run the risk of missing certain points.
I would prefer to make small notes and then revisit notes when I give pratice exam. This gives me confidence that whatever I have read I am able to apply.
I’ve found writing out flash cards has helped… then I like to take the flash cards and write out a “cheat sheet” as if I was allowed to take one piece of paper into the exam for each topic area. The more times you write out this sheet the more it will be committed to memory!
Running notes while first read is perhaps the best way to retain the large scope of study
Try this
Start with Behavioural Finance, First locate key topics based on exam My take would be
Utlity Concept
The Prospect theory
Bounded Rationality
EMH & Anamolies
Behavioural finance Models
Thats it
Then scribble down your notes for this topics - Preferably hand written
Next is memorise once, then start taking tests on this area and after every test update your notes manually on what you have missed or learned additionally
This will make an unbreakable connection in your mind with topic.