Confident? Should you start L2

[pakwarrior]

I am not confident about L1 ? So what can be a good plan for me? Start studying Level 2? I think I shall start for L2 and if i fail in L1 it will still help me when I appear for L2.

[nishcool]

If I start preparing for LII after the results then will I be able to complete the material within the given time frame???..That’s the biggest point that’s haunting me…I am expecting around 75-80% score overall but still untill the results don’t show Pass its really difficult to start for LII for me…Any ideas from anyone???..I am really confused…

[ArBe]

Taken the L1 exam last Saturday as well… Not too sure on the exam result. AM session was surprisingly easy, afternoon exam was a lot trickier.

Just bought the L2 Schweser books though. The seller is leaving the country in a few days, so wanted to get rid of 'm asap (liquidity risk!) and so I managed to get a good deal on them (50 euro, 2013 edition, books are as new).

So if I didn’t pass, I might at least be able to sell them with a premium and thereby hedge the disappointment of not passing the exam, with the positive feeling of an extraordinary gain on the books :s .

Damn, these lame CFA jokes, I studied too much…

[msc2488]

Kaplan has a free trial of L2 stuff you can use until 2/5/14 if you want to get started without wasting money.

[NANA_Hachiko]

@an-alyst

@NANA_Hachiko

A lot of L1 candidates think the curriculum changes DRASTICALLY every year when in fact, they are hardly noticeable.

So using materials from 1-2 years ago is totally fine.

Well there is an addition of 5-6 new readings this year, so i would still call it DRASTIC.

I think people are over reacting. 5-6 new readings is not a lot, and these “readings” are not like 30 pages long each, and when you look at the comparison, which is available everywhere, you can easily get yourself familiarized with the changes.

5-6 reading is probably <0.1% of the curriculum, so yes, i wouldn’t call it drastic or material!

[BlueTrin]

@an-alyst

@S2000magician

Especially if you’re just getting started and will transition to the current material at the end of January.

If you’re at all concerned about outdated material, you can look at the LOS changes from year to year, or simply stick with the material that is most unlikely to change. I’d submit that Ethics, Fixed Income, and Derivatives are unlikely to change (at least, not much), with Equity and Economics not far behind. They occasionally shuffle things around in Quant, FRA (which also changes when there are new accounting pronouncements), Corporate Finance, and Portfolio Management, and, perhaps even more so, in Alternative Investments.

+1

Here you go BlueTrin, http://www.elansguides.com/docs/Los-changes-2013-2014.pdf

Thank you !

[hellind]

@pokhim

Hi All,

If you’re fairly confident that you passed the exam and you’re thinking about L2 then I would say; bite the bullet and do it!

I passed L1 in December 2012 after c.5months of studying and was ‘fairly’ confident of a pass after completing 10 mock exams and getting scores between 69% and 73%. In the 3rd week of December I bought the L2 Schweser books from Ebay and started studying from the 1st week of January…

I had already honed my study style over the prior 5 months and knew how to strategize, make notes, be time efficient. My mind was still in study mode and my friends were already forgetting about me, so I thought what the heck…what’s another 5months?..

Luckily in June 2013 I was able to pass the L2 exam, and I am now starting to study for the L3 exam. If you think you’ve passed, then start studying for L2!!

Can you share your strategy? How many hours/day? What kind of deep learning do you practice? How do you manage the time in exam?

[StocksnBlondes_15]

I studied hard for Level 1, and feel pretty good about it. I scored 75% in 2013 mock. I feel like im burned out now, I have acess to kaplan level II material though the jumpstart program, but have not been able to bring myself to read it yet.

[StocksnBlondes_15]

I studied hard for Level 1, and feel pretty good about it. I scored 75% in 2013 mock. I feel like im burned out now, I have acess to kaplan level II material though the jumpstart program, but have not been able to bring myself to read it yet.

[ocgal]

Yeah, I also bought the L2 materials and I was pretty pumped to start studying for it right after the exam since I thought I had the momentum, but was not confident that I passed L1. Now that 2+ weeks have passed, I have no motivation to study at all But what a waste it would have been for these two months if I DID pass…argh, decisions.

[NANA_Hachiko]

@ocgal

Yeah, I also bought the L2 materials and I was pretty pumped to start studying for it right after the exam since I thought I had the momentum, but was not confident that I passed L1. Now that 2+ weeks have passed, I have no motivation to study at all But what a waste it would have been for these two months if I DID pass…argh, decisions.

It’s so typical!

Everyone is all fired up 2 days after the exam and want to continue to study and then 2 weeks later they are distracted by other things and remember how tough is it to read the books and being locked up…

[TheLakeHouse]

I am half confident and half-not-confident . Anyway, I got the L2 materials as well and gathered some strategies. I will start tomorrow. Please advice which topic should I study first. Thank you.

[NANA_Hachiko]

http://www.analystforum.com/forums/cfa-forums/cfa-general-discussion/91327297

please read~

[VWJETTY]

^ words of wisdom

[ecodanielv]

This December tuesday, 17th. I already finished the first sesion of Derivatives of schweser 2014 CFA level 2. I want to keep the motivation. Your messages help me to that. I began with that topic because I see currency forward valuation in my work, Market Risk Management.

Daniel

Economist.