A word of encouragement

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c_hayhurst

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As all of you know, it is getting ever nearer to the June test date.

I don't know about you, but I am getting really freaked out right now. So, I'd like to pass along a few words of encouragement for those of you who are feeling the same way as myself.

Don't fixate on whether or not you will pass, just do your best to understand as much of the material as possible. The worst thing we can do is to worry about what we may or may not know sufficiently.

Also, don't worry yourself sick and let studying consume your life. Make sure to have other things to do to allow for an escape from your studies. **Just don't use the escape to avoid studying, but rather as a way to rest your mind.

We all have some level of pressure upon us to pass, whether it's from a family member, employer or even ourselves. Make sure you take comfort in the fact that you are meeting the goals you are setting for yourself in your studies (provided they are attainable- having a goal to read 150 pages/day and understand them completely the first time around is not achievable).

We all have achievements in our life. As long as we make sure we approach the CFA with a true desire to learn and make a true effort to pass, chances are we all will.

Wow. That makes me feel better just having written that. First, I'm going to go get breakfast with some friends and then I'm going to crank out 75 pages for the day. Maybe more if I feel up to it.

Have fun!

P.S. The night before the exam, go to bed early- do not stay up all night cramming. Also, eat breakfast before you go to the exam. then, once you have taken the exam, go out and get drunk, pick up a hooker, or smoke some crack. Whatever you do to blow off steam. We will all need it (the comment about crack notwithstanding).
 
I'm still a bit hazy on the Notion of a CFA, why would an equity analyst need to understand the black-scholes model? or issues surrounding bond convexity for that matter?

In all the time spent studying the for the CFA material aside from some stats and FSA, you could really become a quasi-expert in an industry. But wait, you'd have to read the econ section before you knew about opportunity cost. lol

Dude, you sound like you're getting ready to test for ur wilderness badge in boy scouts. lol
 
JeffJ21 Wrote:
-------------------------------------------------------
>
> Dude, you sound like you're getting ready to test
> for ur wilderness badge in boy scouts. lol


I already did that when I was 14. I didn't sleep that night, either (had to spend a winter's night in the woods and keep a campfire burning the entire night- the only shelter I had was a lean-to I made, no sleeping bag or balnkets. besides, it was too cold to sleep, even next to the fire).

It seems from some of the comments people are making on this forum they just need some encouragement. Nothing wrong with that.

Whee!
 
I feel the same as you hayhurst. I already failed once and now i feel like passing the exam is an obligation. It is not just an exam for me.
I am done with the studies long time ago. I already did the schweser pro, 4 mocks exams, investopedia database and i have 8 mock exams more to go. (5 online and book 7)
I am getting in average 70% and i am pissed about it.
 
If you can consistently do 75%, you are doing fine. Less than that...keep studying.

As a reminder, by letting your studies lapse for the next 6 week sjust because you did it all now, does not mean you will retain everything in June.

But, you already knew that.

Good luck!
 
C_hayhurst -glad someone finally put a post out here other than the usual Q/A time.
Pierovic18 - Dito, we are in the same boat for round 2 CFA L1.

My thoughts in brief:
After going through a few lapse weeks, (its take a while to get fully motivated right?), I am back to studying and organising my time in betwn work. Having failed in December, and having relied too heavily on a study company that turned out to be pretty crap, I am learning and doing questions on my own.

I haven't learnt all the stuff to start doing exams as yet and feel that again its going to be the same mad old rush. However, I finished asset valuation not so long ago and am getting 40-50% tops on the schweser exam segments......arghhh !! should I be worried?? I can't see a means of scoring 70 in one area let alone them all, and retain all the stuff in my head. I am also a bit concerned about this top x% that pass...??

If there are any words of advice/ wisdom, I am all ears...
 
"We all have achievements in our life. As long as we make sure we approach the CFA with a true desire to learn and make a true effort to pass, chances are we all will. "

-----Actually no matter what, all of you will not all pass, it is graded on a curve and you can be quite sure that atleast 60% of you will fail, so are you going to be one of those that fail, or are you gonna pick up your balls and learn more than the 2 guys next to you. So you can either think rosy, flowery, sunny day thoughts, about how pleasant it would be if we could all pass if we simply try our best. Or you can get in reality, and get scared and use that fear to make yourself move and study your ars off, because when you are not studying, there is going to be somebody else studying, perhaps learning more than you and becoming more prepared for the exam. Hopefully there are not two people studying and learning more than you, because if that is the case, you will fail.
 
Rydex Wrote:
-------------------------------------------------------
> "We all have achievements in our life. As long as
> we make sure we approach the CFA with a true
> desire to learn and make a true effort to pass,
> chances are we all will. "
>
> -----Actually no matter what, all of you will not
> all pass, it is graded on a curve and you can be
> quite sure that atleast 60% of you will fail, so
> are you going to be one of those that fail, or are
> you gonna pick up your balls and learn more than
> the 2 guys next to you. So you can either think
> rosy, flowery, sunny day thoughts, about how
> pleasant it would be if we could all pass if we
> simply try our best. Or you can get in reality,
> and get scared and use that fear to make yourself
> move and study your ars off, because when you are
> not studying, there is going to be somebody else
> studying, perhaps learning more than you and
> becoming more prepared for the exam. Hopefully
> there are not two people studying and learning
> more than you, because if that is the case, you
> will fail.


In the time it took for you to write that, I have studied and learned two more pages.

You are now, and always will be, two pages behind me. You will fail.
 
I have already passed level one, so you are incorrect. Nice try though.
 
I apologize if my statements are a little direct, just a bit aggravated today.
 
While the test is graded on a curve, it's not an old school "bell curve" setup where a certain percentage must fail. If you score over 70%, you'll pass, so in theory everyone could pass. Everyone won't pass, but that's no reason not to try.

How many negatives are in that last sentance?
 
I am done with FSA, Ethics and half of Quant. This is my first reading. AM i surely failing in June?!!? :(

disturbed, perplexed and nervous!!!!
 
No you will not fail if you bust your arse from now on out. Every second you are not doing something, you should be studying. Take note cards with you everywhere you go.
 
It always stuns me at how much people procrastinate for tests, especially this one. I mean taking 5 minutes to look over the Study Guide online will tell you that you have better start studying well ahead of time, but people insist on waiting until the last minute and then start studying. Waiting until the last minute is like going into the MCAT, CPA or GMAT test wholey underprepared; I'm sure some people pull it off, but why would you gamble and wait until the last minute?
 
There is an old saying,

"Procrastinators are the most productive people around- they are able to generate a large amount of output in a short amount of time."

heh. And who doesn't want to be productive?
 
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