@comicbookguy
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Up5
No more dreaming with BRICs?! 🙁
That was such an outdated reading to begin with!
I did well in Swaps but not in Commodities. So I’m still not sure how I feel about the changes. Overall I doubt it will affect the outcome much.
Up4@Jwa Sometimes you have to be philosophical about it, because the alternative is to go crazy and do something irrational. You need to put it into perspective. This is a small roadbump in life. I honestly feel like studying RIGHT NOW. I could open up some PDFs and start re-reading the curriculum. I know people will say it’s nuts but I hated Derivatives last year, I might just start with that.
Up4The full changes can be found on this pdf: http://www.passingscorefinance.com/LOS/2012-2013/cfa_loschanges3.pdf
Wouldn’t the changes be between 2013 and 2014?
Up4@Jwa Interestingly I don’t fall into either of the categories you’ve outlined for CFA Candidates. I don’t need it for my career or for my employer. I’m just writing it as a personal challenge because I told myself I would do it when I finished my undergrad. Maybe that has made it easier for me to deal with this setback. It is also the first time I’ve failed a CFA exam. In any case, it is just as easy for me to quit knowing it will have zero impact on my career. But that would probably have some serious long-term effects on my psyche and confidence.
Up4@Sarah When I found out that I failed Level 3 in Band 10 yesterday I started reading Fixed Income right away. I’m taking a course that starts in November and lasts through to the end of May. I am sure that I failed recently because I cut a lot of corners thinking that I could coast through Level 3. I’ve learned the hard way that every little bit counts. So, even though it’s only August, and even though I’m reading at a slow pace, I think it’ll still count in the end.
Up3@AjFinance I saw your post in the L3 forum and was going to reply to your post there. Band 10 is very bittersweet; it’s a failure but of the best kind. The hardest thing to deal with for me is hearing my friends who passed, along with the fact that I have to cope with being anti-social for another seven months.
Up3@marlborian I’m in Band 10 as well. The main source of my frustration is knowing that I coasted in May and didn’t study as hard as I should have. The only comforting thought for me is that if I passed knowing I didn’t give it 100%, it wouldn’t be as rewarding.
Up3Anybody else finding it impossible to find the time to even being their LIII studies this year? It may just be a factor of where I am in life/career but I can’t even find a free evening or day to begin studying until 19 January. Must admit I was quite alarmed to see how far along some people are already!
I think I remember you posting last year after the results were released. I started studying in November through a course. Where are you located? I’m in Toronto and I find that January is a terrible month for your energy levels. You literally get the winter blues, and people around me are commenting the same.
The material is just as dry the second time around, but this time I’m trying to focus on areas that I struggled with last year (risk management, equities, fixed income) and taking it slowly. Our biggest advantage is that we know our strengths in this level!
Up2Thanks for this post. I failed Level 3 with a Band 10. I spent a lot of money on a course that I used for Level 2, studied for 7 months, etc. I thought I had it, even though I struggled through the course and was distracted with a breakup for the entire 7 months of studying. I guess I know what I need to improve on now.
Up2I just checked their site because I loved Elan for Level 1 and 2. They only offer Comprehensive Lecture Videos, Mock Exams and the Eleventh Hour Review Guide for Level 3. I used the Eleventh Hour Guide extensively for 1 and 2, so I’m glad they at least offer those. Their mock exams are also very good. I’m taking a course as my primary study method and I found Elan to be the best complement, as opposed to Schweser.
Up2@Jwa I started reading yesterday. I wouldn’t call it studying per se, since it’s just reading the textbook. I’m reading the sections that I know I rushed when I studied last year. I found the textbook to be useless for Individual IPS, but decent for Institutional IPS. I did a lengthy university course last year, but I didn’t find the methodology to be effective for Level 3. It worked for Level 2, but Level 3 is completely different. I found Schweser to be incomplete in many areas as well. This year I’m looking forward to Elan Guides’ 11 Hour Guide.
Up1@Jwa I agree about the detailed reading of the text. After going through some of the Fixed Income content yesterday there were already some concepts that started to come together that I didn’t appreciate last year. I think going through it now, and knowing the breadth of the topics, will give me a more comprehensive understanding. I probably won’t be doing any practice questions or mocks well into April though. To do them now would be tiring.
Up1@policedog I work in Acquisitions for a real estate investment trust. The CFA curriculum is applicable but only to a small degree. It definitely helps with the bigger picture, but in terms of day-to-day it’s use is limited.
