AuthorTopic: Mistakes I made during my studies.....
ilovegolf
@2012-07-01 14:10:18
Thought this might be of help to newbies....

#1 - I spent far too much time studying the equations in quant. I spent the first week or two making flashcards for PV and FV. This was useless because once I mastered my HP 12C I didnt need to know a thing. Plug and Chug

#2 - I spent too much time actually taking notes. This also proved useless to me. I actually typed out every LOS and answered them in detail for the Econ section. This was a huge waste of time. I should have used analystnotes' study notes instead.

#3 - I spent too much time on the small details. I got tripped up on sections that shouldnt have been given as much attention to others.

#4 - I didnt do any online CFA exams. I should have done one...just for the sake of it. I was peeved at the time that they were 50 bucks for only a handful of questions. Ah well.


Things that worked for me.
Review questions of AnalystNotes....i started banging out questions in January and it was a great tool

I made posters...like huge posters...and filled them with equations and concepts...I hung them on the walls of my bedroom and would stare at them before I went to bed and first thing in the morning. It worked. The last thing I looked at before the exam was the forumla to calculate the Std error of estimate...it showed up. I was pleased.
Shelltin
@2012-07-06 22:02:11
I echo most of the comments above.
A mistake I made was i feel I didn't go back and re-review areas I felt I was strong in. An example:
I did very well on the portfolio mngmt section of every review exam I did. So I left this alone and went back to what I felt were weaker areas. In the exam there were some questions regarding SML/CML that should have been gimme's but I likely got wrong.
Study everything. If you have an econ degree, still study econ. If you have an accounting background, still study accounting. If you're a CFP, still study portfolio.
If you do well in the practice tests, don't let up.
And get drunk when you're done.
worship5
@2012-07-29 08:03:34
Study hard for at least 4 months! And the last 2-3 weeks before the exam, you should be taking TIMED exams and review the entire curriculum once a week, focusing specially on the areas you are making the most mistakes.

Different approach works for different people. This one worked for me. But one thing is true, as bablo pointed out, there is no alternative to "study, study study"!!!

Good luck!

-ron-
BigJimStud
@2012-08-01 21:37:27
I pretty much agree with everything except the not taking notes part and classes.
Yurik74
@2012-09-10 23:17:28
Thanks people for sharing! Share more!
maria15
@2013-06-01 15:06:26
I wasted time on:

Taking notes!

CFA Discussion Topic: Mistakes I made during my studies.....

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You have a wonderful website and definitely should take some credit for your members' outstanding grades.
Colin Sampaleanu

Colin Sampaleanu