Folks,
I failed Level 3 twice in 2011 and 2012; and after a 4 year hiatus, I have changed my approach and feel more confident. Here are some of the things I have done this time around that I “think” will help me get over the hump. Would you please be kind enough to give me a “thumbs up” or “a few extra pointers” for the balance of this week?
PS: I only found about this great forum by chance last week…so it’s a little too late; but no harm in trying: and I am comfortable with Ethics and GIPS but plan to revisit them for a third time prior to the exam.
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Read the actual CFA curriculum twice and even identified two of the items on the Errata document along with a few spelling errors;
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Did 1,200 practice questions from the Schweser QBank scoring on average 70%. (200 per each of the 6 volumes from the CFAI)
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Did two AM practice tests from Schweser Vol. 1.
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Did the AM tests from 2012, 2013, 2014 and 2015 CFAI exams (scoring 44% up to 66% over the years in order); with the 2014 and 2015 under a strict 3-hour limit.
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Did PM exams 1, 2 and 3 in Schweser Vol. 1 plus the Schweser Mock Exam in early May (scoring 55% to 74% over time).
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Made a Word doc of answer explanations from the 1,200 answers from the QBank for anything I didn’t get right the first time.
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Did a designed approach to the EOC chapters in the CFAI curriculum based on the type of questions (item set like or a good candiate for the AM section).
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So far, I have over 320 hours into the studying; at an average of 2.25 hours per day since end of December 2015…
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Now going back to clarify what I have missed in the written and afternoon sections (again) and re-writing specific written questions based on comfort with certain topics (like Fixed Income or Executing and Monitoring).
Do you think I’m on the right track? I didn’t do any of the above the last two times so I know why I failed; but I’m hoping this is in line with some of your experience thus far.
PSS: I only opened the actual Schweser curriculum ONCE to clarify the contingent immunization example for changing the YTM and determining if the dollar-safety margin is zero.