I hope you all are doing well and progressing in your preparation.
I have been searching the web trying to come up with an excellent strategy to prepare for CFA L1 as I am planning to take the June 2020 exam. So here’s my plan and I’d really really appreciate your comments.
Note: I hold a master in accounting but my finance & economics knowledge isn’t as good as my accounting background. I am only working part time and my hours are flexible. So, I can put 4-6 hours a day 5-6 days a week as I see needed.
Preparation Plan on a daily basis 5-6 days a week (Jan, Feb, March, & maybe first couple of weeks in April) :
First> Mark Meldrum videos for each reading.
Second> Read through Schweser notes (It should be faster as I already watched corresponding MM video). CFAI readings will be a back-up in case needed further explanation.
Third> CFAI End-of-Chapter Questions & Blue Box examples & Schweser End-of-Chapter Questions (if Schweser has EOCQ’s)
Review Plan (The rest of April, May, first week of June) :
– Schweser Secret Sauce
– CFAI mock exams & Schweser mock exams
I know the first section could take more time. But, I still have more in the review weeks.
Three rounds of study seems like it might take up a lot of time. But you could watch them MM videos fast-forwarded and make it in time.
The plan looks solid. My comment would be not to get stuck in your ‘First’ and ‘Second’ phases too long, some of my friends never left that phase up until exam day.
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