CFA CFA General How prepared am I?

How prepared am I?

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      Just saw that you’ve not started with Derivatives – I found that quite tricky so might want to start soon! Any reason why you left it?

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      Forgot Ethics. Ethics is at 73% however it would be higher if I read through the entire question….

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      Sounds really great, @Stress79, and if you need some coffee, here you go… ~O)

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      Thanks! That is a good system!

    • Avatar of mitch895mitch895
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        Sounds like you’ve got things pretty well sorted @Stress79. Of your scores I’d say hitting ethics hard (get the score to 85%+) would probably be a high return on your time. And FRA, of course. As @Sophie says, don’t burn yourself out. A bit like running a marathon, a good taper & carb load before the race can keep you fresh and ready to smash it.

        One of the things that I do when I’m going through practice questions is draw a box with three categories, listed >80%, >70%, and <70%. After I complete each question I then plug in the question number into the box category box corresponding to my "confidence" interval - i.e., ">80%” means I’m pretty dead-certain, “<70%" means I wouldn't bet the house on it.

        At the end of each test I mark the categories for the questions I got wrong. The idea behind this is to work out how my confidence in answering a question translates to actual results - i.e., by doing this for most of my practice tests I have found that if I am "dead certain" about an answer and plugging it into the ">80%” box, then my actual result for those questions usually works out at about 90%, and around 75% for the questions I indicated a “>70%” confidence for.

        By keeping a tally of these results I can keep track on how close (or far) from a minimum pass score I am. The idea is that it will enable my to get through all questions then go back and given any “<70%" category questions another go (or another review).

        Some would probably find this approach a bit pointless, but I suppose I'm just a bit pedantic when it comes to this kind of stuff. In the practice questions if I don't actually know the answer (i.e., if it involves a phrase or formula I've never heard of) I don't answer it. This way I don't artificially inflate my practice scores with "luck" (I'm saving that till exam day)

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        Invest time in FRA. It’ll be important for Level 2 as well.

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        Good progress so far @stress79, I’d say don’t push up the pace too much and review a few hours here and there, with timed practice papers. You’ve 3 weeks left and cannot burn out so soon 🙂

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        Hi @mitch895, this actually makes a lot of sense to me. Thanks for sharing this technique. Having just finished my pass-through all the material, I’m starting the “practice” phase of my prep and will use a variation of your tracking method.

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        I also do a similar system – I simply circle the questions I know I’m not certain about. That way I make sure I’ll review the model answers in greater detail even if I got the question right.

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        @stress79 I’d say that’s a fairly solid state to be in with 3+ weeks to go! Your approach for the remaining weeks seem great as well.

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        Thanks! Yes, I am rather strong in derivatives on the practice and mocks plus I only have had the Qbank for 2 days so I have not had a chance to do it yet.

        BY far my weakest section is FRA. If I can get 60%+, I will be happy

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        Thanks! In everyones opinion, what should I be spending most of my time on? Reading Elans 11th hour review or Qbank? I am leaning towards Qbank as there is nothing like pounding out hours of questions to cement things into your brain. I also feel more productive doing questions!

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