is kind of lame… The math isn’t bad but the "why’ is escaping me right now…just not clicking…brain is still on “not study” mode…
Someone on this forum suggests : don’t ask “why” (also “how”, in some cases) !
yup that’s me. The fixed income section don’t make sense at times. But it is possible to answer the questions correctly without understanding.
bell99 Wrote: ------------------------------------------------------- > yup that’s me. The fixed income section don’t make sense at times. But it is possible to > answer the questions correctly without understanding. Someone else also said : don’t ask “why” !
fixed income makes sense for me, but i run accross some other things that do not before i would spend tens of hours to get why, ten hours i could have used to master a study session… now i changed, my goal is to pass the exam, in the work force i will bust my ass to learn the WHY s of things relevant to my work, after all i will not be using all of the CFAI material… i am the kind of guy who wants to know the why of eveything, of medical, engeenering, yada yada… but i realised if thats how i live, i am never gona be happy, cause i am always trying to figure something out…i am gona know what i need to get paid, i aint trying to do down in books
I’m with you guys, I mean I just want to get it passed, but it is so much easier if I understand it…If I try to just memorize or get by, the material becomes overwhelming. If I “get it” then I can figure stuff on the exam, even if I cant recall the specifics of its formula or whatever…
^^I’m with you Rolo, That strategy certainly helped me on the last two levels. Besides I am really embarrassed when I talk to people at work and they say something like “What, you don’t know this?!? I thought you were a CFA candidate!” I really hate it when that happens.
fixed income is not that hard though, just remember the relative valuation and absolute valuation. relative just include the top down process, the market: interest parrellel shift, curve twist, the sector, economy, the investment target, which incorporates the spread:credit spread, maturity, , absolute value is simply the sensitivity: duration, convexity, change in interest rate. how to hedge, the futures to hedge, remainings are just stories. Charles