CFA Preparation Recommendations

CFA preparation recommendations 1) Read schweser notes Book 1 to Book 5 and ofcourse did all eoc questions. In my first read I had zero focus on retention and memorizing formuls etc and 200 percent focus on making sure I understood everything and every concept inside out. So If i did not understand anything, I would maybe do some more research on the internet, use this forum, read other books, reread and reread until I was sure I had in depth understanding of what was written and why things were the way they were. I feel this is important. Some people get some satisfaction by telling themselves hey i read 50 pages today or 100 pages today but maybe it works for them but for me. I would not understand anything that way and its just false sense of satisfaction. I think I would read 20-25 pages in a session/day. So idea was read very slow, thorough understanding, less to no focus on retention. 2) Once I was done with book 5, I found that I did not remember much from previous books. I would say my total retention was maybe 20 to 25 percent. This can be scary and cos some to panic but I feel its normal atleast given the approach that I took. The second step was to reread everything again word for word like you were doing it for the first time and this time focus on retention and also REDO all eoc questions again by hand like you were doin for the first time. Hopefully on the second go everything will start to come togather and you will start developing confidence. After this painstaking sec ond go, I felt my retention level was around 85 percent. 3) Then I tore of the formulas given at the end of 5 schweser books and commited them to memory. 4) read and commited quick sheet to memory 5) Finally ready secret sauce. This was highly benifical. 6) I gave some schweser pratice exams, i do not remember how many. maybe 2 to 3 . Regardless of what I did I HIGHLY RECOMMEND you give as m any exams as posssible and under fully timed conditions. both volume 1 and volume 2 of schweser practice exams and also ne cfai exams/sample/mock you can get your hand on. Do not under estimate the stamina/timing/speed aspect of this 6 hour exam. This is especially true for level 1 candidates as they are new so they may underestimate this aspect and this can be fatal. 7) some final comments tips. a) I do recommend doing schweser eoc twice to truly get the computations/calculations under your grip. b) Although i did not do it I recommend you read original cfa book and do all original/cfai book eoc for ETHICS SECTION ONLY. i recomend this as ethics is a very important part of the exam. c) I definaly recomend you NEED TO do as many practice exams as possible schweser/cfa mock/cfa sample. Anything you can find. The more the better. Also try to do atleast 3 to 4 under fully timed conditions. Timing is crucial in this marathon exam. d) Do not SKIP anything from schweser books. Everything is important, even sm all little topics/concepts that may seem you can ignore you NEED to know them. You need to know Everything and need to know it solidly. e) Keep your composure during the exam, if something seems hard it is probably hard for other candidates as well. do your best on every question and donot think you are doing bad or y ou are doing good. While you are in the exam room just do you best and forget about everything else.

CFA Preparation Recommendations

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