Hello
I have no weak topic all are averagely bad…SOMETIMES OVER 50…I am level II retakers failed with band 9 last year. So, I have not been putting my full committment to it within past few months but regularly study everyday. I am thinking of finishing all concepts with CFAI text and 11 hour ElanGuides to cover all the basics and do all the mock exam papers within these 10 days. I am taknig 7 days off from work… How would you guys suggest or how would you do if you were me?
You know, just cause you got band 9 last year doesn’t mean you can’t do worse this year?
Anyway, that’s not going to help you. If I were you, I would just go straight to mocks right now.
yes I know. That’s why I am taking 7 days off to prepare… But thinking how to maximize my scores efficiently. I need a strategy. If you can guide me the good strategy, that would be great.
7 days isn’t gonna do it. You need closer to 7 months. 4-5 months is okay. If your average is below 50% with 7 days to go, you’re in deep shit. I think you’re only hope would be to do mocks and review all wrong answers. Having consistently low scores on all study sessions doesn’t help either.
You should consider overweighting the overweighted sectors of the reading in your study strategy. Equity, FSA, and one (preferably two) of Corp, Deriv or Fixed.
Maximize your scores on Quants and Portfolio (I call these two good hedgers)
Don’t spend too much time on Alternatives and Economics (Long, boring, bad investments)
An Ethics a day keeps the beast away! - Ignore Ethics at your own peril. It’s not a tasking reading, just a bunch of long do’s and don’ts that you probably already know. But spending some time on it might give you a whooping 10% on the exam.
Equity and FSA are huge volumes, so i assume you’ve already covered a lot of material. On Equity, i’d spend time on the obvious ones: FCFs, Residual Income, Market Based Valuations and Dividend Discount.
On FSA: I’d focus on understanding Pensions, Intercorporate, Currency Translations. In these, i’d concentrate some efforts on learning adjustments and effects of choices on financial ratios
On Mocks and Past questions, since each vignette would normally contain 5-6 LOS, I’d check the LOS for the ones i get wrong and then determine what it is about the LOS i don’t understand.
While solving mocks, it is advisable to write down topics I have struggled with, even if I get it right eventually. These are the ones to focus on. For example, if I come across a question on asset swaps that is taking several minutes to even understand, I’d immediately note it down, and then continue with the question. If i eventually get it right, i’f find out why i have struggled with it.
For concepts i find difficulty learning, i’d look for video tutotrials on them rather than waste extra time.
You’ve got to realize 7 days is a hard squeeze. Some folks have been spending huge amounts of time on this for the past 8 months and are still having issues. But given you’ve covered the material before, this might work to your advantage. You’d need to push yourself beyond limits for this to work.
HI
7 days is just for the leaves. I am left with 10 days to push myself to pass LEVEL II. I have total of following exams. I am thinking of covering basics first. now that I think about it as you guys pointed out, exams would be better. Do you think practice is better than the reviewing basic? I just like to know. I studied regularly but just not as level I. During Level I , I studied like a maniac before a month 10 am to 10 pm with just a few breaks. I haven’t done like that yet and my scores are not giving me the scores I want. I just need some sort of moral support and advise. that’s all.Thanks, guys.
My main question ‘‘Do you think practice is better than the reviewing basic?’’
Schweser 5 Elan 1 FINQUIZ 2 CFA Mock 2013 1 CFA Mock 2012 1 CFA Mock 2011 1 Stalla 3 done Elan 1 Schweser 1 Finquiz 1 FINquiz item set exams 2 19
Absolutely! go for the practise questions mate. Do a practise question then do an intense review of the answers. The intense reviews shouldn’t be limited to the answers you get from the answer sheets. I’d check through text books for more details and take note of the topics related to questions i keep missing.
Try not to jump from one mock to another, the number of mocks isn’t the most important but what you’ve learnt from the ones you’ve done. Taking several mocks without learning much from the previous one is a poor way to practise in my opinion. If you must, take a whole day for an intense review of each mock, and I bet you’d see a steady improvement in your performance as you go along.
The exam is tough bro. and we all in this shit together. I started studying from 5am this morning, it’s almost noon - and i didn’t even notice.
Thank you, bloodline. You’ve been very helpful. I will try my best and good luck to us all. :")
what about those last 3 readings in FRA 