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4th and final attempt - 2020 strategy

2019 was disappointing. Great marks in morning only to tank the evening. Final attempt, trying something different with plan this year. 

https://youtu.be/Deg8J0u6Dpw

1. Start in November instead of Jan

2. Allocate hours instead of schedule for each reading. 200 study hours. 

3. 60 hours of practice instead of averaging about 25 in previous attempts 

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Best of luck with your preparation, admire your persistence! I’ll be kicking off the study on my first attempt today… Motivation is very low unfortunately haha

Four attempts and you still haven’t hired www.chalkandboard.org ? Bro, I am dissappoint. 

¯\_(ツ)_/¯ It be like that sometimes.

3 things wrong with your plan:

  1. You spent an hour making the video when you should have allocated it to the studying
  2. Your shoulders are way too slumped in the video showing lack of confidence and aloofness. You cannot pass if shoulders are slumped
  3. Still not enough hours planned

Ya I missed the fact that there was a video until now. Who’s that directed to? Do you have a large fan base??

¯\_(ツ)_/¯ It be like that sometimes.

I like the comment on slumped shoulders. Very relevant to studying thanks. 

Which prep providers have you been using for the past 3 attempts? 

what did you score in the AM and PM this year

I liked the video, well beyond my skill level there. I would have likely gone with stick men on a PowerPoint slide. 

For the exam: you gotta do practice questions. And I mean thousands of them. Whenever I would finish a reading I would do hours of practice questions, and when I’ve moved on to a new topic I would still do practice questions on the previous readings in my downtime to keep it fresh. The last month and a half has to be mock exams non stop. 

150 hours is definitely not enough. I started in January and didn’t keep track of my hours but I have to believe it was north of 300. Probably much higher. 

This is your year brother. And if it doesn’t work out, stick with the graphic design :-) cheers

mannz wrote:

2019 was disappointing. Great marks in morning only to tank the evening. Final attempt, trying something different with plan this year. 

https://youtu.be/Deg8J0u6Dpw

1. Start in November instead of Jan

2. Allocate hours instead of schedule for each reading. 200 study hours. 

3. 60 hours of practice instead of averaging about 25 in previous attempts 

Obviously it depends on your background and experience in finance but the # of hours seems to be very low. There are a bunch of new readings this year which you haven’t seen during your previous attempts.

I think I clocked in close to 600h for LVL3. 

It ain't what you don't know that gets you in trouble. It's what you know for sure that just ain't so.

I cried so hard on 125’s nr. 1  

I would go with 125mph’s opinion anytime, he seems to be one of the rare people who preach the one and only truth: Go hard or go home..

I’ve never understood how people make these kinds of plans: ”Finish reading 17 by Sunday January 11th… etc” How do you know which readings are going to fly by and in which will you be stuck on? Just start early, study like your life depended on it, and try to have all readings done a month before the exam. This way, you’ll have enormous flexibility, time to go in-depth in many topics and you will not get too stressed about running out of time.

If you're the first out the door, that's not called panicking

at first did a plan like that (i.e. Chapter scheduling) and had to basically throw it out the window because I can’t keep re-adjusting it anymore

To me, you didn’t attempt the exam 3 times, but you did fail 3 times! Look at the hours you have put in, 150, 80 and 130? The total study time you spent for your 3 “attempts” is less than majority of the ppl’s single attempt. If you had spent that 300 hours in the first attempt, you would have passed the exam long time ago. And yet you’re still trying to undercut it again this time. I mean good luck man, but in the end you wasted 3 years you didn’t have to. 

Toto_11 wrote:

one and only truth: Go hard or go home..

This is total bull****. I went very “laxidazical” in my studies - I even routinely would drink beers in the library on Friday nights the last few hours they were open - and still passed. 

You don’t have to kill yourself to become a CFA charterholder… Fact. 

¯\_(ツ)_/¯ It be like that sometimes.

CEO10K-DAY wrote:

Toto_11 wrote:

one and only truth: Go hard or go home..

This is total bull****. I went very “laxidazical” in my studies - I even routinely would drink beers in the library on Friday nights the last few hours they were open - and still passed. 

You don’t have to kill yourself to become a CFA charterholder… Fact. 

Don’t be jealous !!!

I speak only truths.

You gotta ask yourself how bad do you want it? You created this post so I hope you read the replies, people are putting in 300+ hours, they are finishing everything one month before the exam, they are doing mock exams out the wazoo…that’s your competition, so are you willing to pay the price?  For me, I don’t know how many hours I put in, but I start around Xmas and study at least 30 min every day, and I do all the mock exams, and the CFAI online Qbank twice and maybe more for topics I found hard.

Don't be a tough guy. Don't be a fool. I will call you later.

I totally appreciate you bull****ting me on suggesting a person, who fell 3 times (with total of 360 h invested in all the 3 attempts), to stop doing pretentious pity party videos and start digging through that materials and finally get this over with. I never said that you have to kill yourself to become a CFA charterholder, but one has to do the work to pass them.. Hell, for the CFA level 1 exam I even got drunk as a mofo 2 days before during the World Cup, but that doesn’t mean i didn’t put the hours in.

And as for you, it’s easy to be a Monday morning quarterback , but if I correctly recall, it’s not that you had a walk in the park with the exams..Fact.

Not necessarily, just for putting the hours in..

Go see Marc Lefevre & make it, “one & done” in 2020…

okay so im all about being positive and stuff, but Im crying watching this video lol. i’d expect this from a level 1 candidate…I mean come on, you’ve passed two exams already…you know what you need to do. Stop putting in time on AF and making videos and just start studying.

125mph wrote:

Don’t be jealous !!!

I speak only truths.

I’m just saying some people need to reeeeeelax a little - still work hard, but relax.

**** man, looking back on it, I drank a ton of beer whilst studying for all three levels. Had a great time studying too now that I think about it. 

Those were the days 

¯\_(ツ)_/¯ It be like that sometimes.

Thanks for all the comments guys, I was away for a while. Took a break before I started studying again, which I have now. Nov start can only be a good thing. 

Few people mentioning number of hours being too low. Well my L1 and L2 weren’t that high either and I passed reasonably well. I agree my second attempt in L3 was low should never have turned up for the exam as prep was too low, but the other 2 I feel were not as bad, strategies failed me there. The very first time, morning got me which most people get caught out by but this third attempt, it was the other way around. Evening got me, in particular two areas where I didn’t focus enough on Fixed Income and Equity, I should have as they had new material. I didn’t cover my bases and that’s my fault. Another note on CFA charter, I am not desperate for it, if i was I would have passed by now. I have wanted to get through with it with minimal effort required, and I am learning a hard lesson here. 

Re the videos, they don’t take that long either, 2 hours or so. Helps me learn new skills, which I value right now. It’s a hobby and we all should have hobbies. They’re mainly for people who’ve failed the exam at some point and are continuing to keep going, bit of self reflection and analysis really, not some pity party as being discussed above.

But hey you get good and bad feedback and both are welcome, my intent is to pass this time and I will work harder on it this year than i have in the previous years. That’s what I can commit to myself. 

I would get the LevelUp videos and join his Bootcamp. It will pay off, just focus on the curriculum and follow Marc’s advise. 

I don’t think the OP needs any advice. Who the F needs advice after 3 attempts ? Certainly I don’t. So all these claims of prep providers can be thrown out of the window. I don’t think any prep provider can make any difference to Op but he. I can’t seem to figure out the good Samaritan side of his of creating ( certainly I would love to learn, but not so much as to trade my Charter(s)) vids. And no, I am too dumb to give you any piece of advice but should you go on this ‘weedy path’ of yours….come June 2020, I cannot bet my money on you. So you set your priorities right, boy. Else, you major find any takers of your videos post August 2020.

CFA ain’t rocket science. Difficult but doable and most of all enjoyable. You decide your ride  now son.

back against the wall. no retreat no surrender.

dude, 

your editing is legit. I like it man, keep it up! Once you get the charter, you can look back on this and have something to be proud of. 

Big Dreams Require Big Sacrifices - VWJETTY

Using previous strategies without focusing  on topics in which you didn’t do well might lead to similar outcome. Solve past AM questions and practice exams on institute website. 

Don't give up,help is on the way