Starting tomorrow

[confused2010]

@jackofalltrades

I’m curious why you suggest never to use Schweser. I used Schweser, along with the CFAI books, for passing the first two levels. I understand level 3 may be the toughest and time constrained exam, which is why I was considering the Schweser notes as a primary resource. I would love to hear your thoughts on this. Thanks!

From what i have read, people have used schweser and/or CFAI . to each his own. what matters is to do CFAI EOC and Past AM papers

[confused2010]

@S2000magician

Tomorrow never arrives.

Tomorrow has arrived.as if by magic

[confused2010]

Vicky

3 months to complete one pass seems unlikely for me. i am targetting march end to finish.and April onwards mocks, EOC and practice questions.

[S2000magician]

@confused2010

@S2000magician

Tomorrow never arrives.

Tomorrow has arrived.as if by magic

Looks like today to me.

[confused2010]

@cgy5478

My advice

• Use CFAI books and do all EOCs/BBs
• Do 6~8 years past year AM paper & as many mocks as you can find
• Practice answering questions in bullet points
• Winners dont burn out. Start as early as you can

Thanks man. past AM and EOCs are surely on my agenda.BBs not sure.

[confused2010]

@Khleesie2015

I am kind of doing what you are doing but using Schweser, taking notes from that, and then doing BB I’m CFAI. Also have CFAI open for any topics that don’t make sense to me. So far I am going very slowly. Just trying to understand one reading and even one Los at a time.I think writing it helps bc you have to think of what the material is trying to communicate rather than just read/highlight/move on. But it’s taking me way to long…takes me like 4 to 5 hrs to read a 35 to 50 page material. Want to finish by Dec 31st so starting Jan I can re read do EOC in CFAI and figure out how to tie concepts together. Then by April practice a lot. I hope that works but reading and handwriting notes is taking foreveerrr. Good luck to both of us!!!

Yes the material may be less as compared to LII but the depth of understanding required is more so yes it is taking longer to read. all the best!

[confused2010]

@Portfolio_Manager

You have plenty of time. February is a good time to start.

Thanks but I have already started. I suppose you will start in February.

[confused2010]

@Chris_400

Never cracked a CFAI book for all three levels. Schweser only, but to each his own.

Always started mid-November.

Finished all preliminary prep by March which left April/May for weak topics, drilling & mocks.

Listening to someone who doesn’t know you telling you when to start is as dumb as their suggestion.

Thanks. I have started already and plan to use a mix of CFAI and schweser. Plan to finish by end of march leaving last 2 months for practice questions , EOC, past AM papers and any other practice material i can find.

[Arbtrgr]

From my limited experience having just read 22 readings of the CFAI text, I can see that reading CFAI twice will not be possible for me. I will do selected readings twice and potentially try and supplement the second reading with Schweser where possible.

It looks like being eloquent at the answers will be crucial, and reading does not develop that. Questions deepen your understanding far more effectively, I think. Hope it works out that way.

[confused2010]

brevity more than eloquence.yup practice is a must.

[myriam2222]

I also encourage you to start early.

Don’t listen to the guys that never took level III. I started studying level II in February after receiving the results of level I, and I passed despite a huge pile of work at the office. Since then (and it was some years ago ) I have been struggling to try and pass level III.

It’s way more about learning by heart than level I and II. And the understanding is really key as well, because it’s very qualitative while I and II are really quantitative. I find that it takes more time to learn. I studied for Level III seriously once and i failed: when I arrived at the exam I had barely done one mock exam, although I started studying quite early. But I never felt satisfied enough with my level of understanding and retention of the material to move to the exercises…

So to summarize: it takes plenty of time!