Is anyone a CFA??

prawn_86 · 6 September 2013

doctorj said:
Level 1 is broad, not deep, so given you have a finance background my recommendation is to throw away all the textbooks but the economics and ethics ones and just do every practice question you can get your hands on. Twice.

Then read the ethics book, realise its a load of rubbish that you'll never remember anyway and throw that one away as well, and spend a bit of time on the economics as it can trip some people up despite being quite straightforward.

If you can use your calculator blindfolded and you've done a couple of thousand practice questions in good time, you will pass.

Cheers Doc,

My two worst areas are Quant, and Fin Reporting due to the sheer number of formulas needed to remember, so I am trying to brush up on them at the moment. Will add Econ into the mix also, but seem to do OK on the practice questions for them at the moment

DJG · 6 September 2013

Would you say its harder than a Bachelor of Finance for example?
I would imagine you would get quite a few credit points if you completed some form of relevant degree?

prawn_86 · 7 September 2013

DJG said:
Would you say its harder than a Bachelor of Finance for example?
I would imagine you would get quite a few credit points if you completed some form of relevant degree?

I have a bachelor of applied finance and would say the degree is probably easier as it is over 3 years, and you can have formula sheets in your exams.

There is no credit for anything for the CFA. It is simply a 240 question exam, you can study as much or as little as you want

DJG · 7 September 2013

prawn_86 said:
I have a bachelor of applied finance and would say the degree is probably easier as it is over 3 years, and you can have formula sheets in your exams.

There is no credit for anything for the CFA. It is simply a 240 question exam, you can study as much or as little as you want

Interesting. Seems easy and low cost for them. - I reckon assignments + maybe one exam would've been better. Seems like you can apply what you've learnt in a more realistic scenario. 240 question exam seems excessive.

prawn_86 · 20 September 2013

Really struggling with remembering all the formulas etc. I am ok a day or two after the topic reading, but if i go back and do sample questions from 3 weeks ago i dont score well. Cant even memorise basic things like F-test and T-test.

Looks like i am going to have to resort to just rote learning and hand writing every formula over and over....

prawn_86 · 5 December 2013

prawn_86 said:
Looks like i am going to have to resort to just rote learning and hand writing every formula over and over....

Well hasnt worked much. Sit my exam on Sat and am still only averaging low 60%'s, need >70 to be guaranteed a pass. I think my brain is full...

Dividend · 10 November 2015

prawn_86 said:
Well hasnt worked much. Sit my exam on Sat and am still only averaging low 60%'s, need >70 to be guaranteed a pass. I think my brain is full...

Any update on your progress?

Dividend · 27 January 2016

Well, what a serendipity. I managed to pass level 1.

2015 Dec pass rate is 43%

prawn_86 · 27 January 2016

Dividend said:
Well, what a serendipity. I managed to pass level 1.

2015 Dec pass rate is 43%

Congrats man, i missed out be a couple % as i moved internationally during my study period. But still, trying to learn everything by myself was proving super difficult

Is anyone a CFA??

prawn_86

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