Dec L1 Prep/ Good luck June L1 Candidates
- Thread starter Amar1980
- Start date
Hey Amar, here’s what brought me success on the L1 exam:
1. I started early - at the end of June. You should also start early if you work full time.
2. Create a weekly study routine that you will commit yourself to - this is very important if you’re working full time, it really helps your self-discipline. I started without that, and after 15 days I realized that I’m often postponing or shortening my study sessions.
3. I used the CFA official curriculum - although it is quite a read, and takes more time than Schweser, if you have enough time left (and you do), i suggest taking that route
4. Choose the volume you like the most and start from that - it really helps you connect with the whole “learning something for that long” concept. Also, the things that are the hardest to remember (it was Ethics for me, I could not memorize all that) should be read later, as in september or even october
5. Try to get access to QBank or some other practice problems bank, and use it after each volume with questions from that volume. Also, the End-of-chapter problems after each reading are also very useful.
6. Focus on the review in the final month - use QBank, and when reviewing theory read only the imporant, highlighted things (yeah, forgot to mention, highlight important concepts and the things that you didn’t understand completely while going through readings)
That’s about it, since you asked so early I suppose you will start preparing early and you should have no problems
1. I started early - at the end of June. You should also start early if you work full time.
2. Create a weekly study routine that you will commit yourself to - this is very important if you’re working full time, it really helps your self-discipline. I started without that, and after 15 days I realized that I’m often postponing or shortening my study sessions.
3. I used the CFA official curriculum - although it is quite a read, and takes more time than Schweser, if you have enough time left (and you do), i suggest taking that route
4. Choose the volume you like the most and start from that - it really helps you connect with the whole “learning something for that long” concept. Also, the things that are the hardest to remember (it was Ethics for me, I could not memorize all that) should be read later, as in september or even october
5. Try to get access to QBank or some other practice problems bank, and use it after each volume with questions from that volume. Also, the End-of-chapter problems after each reading are also very useful.
6. Focus on the review in the final month - use QBank, and when reviewing theory read only the imporant, highlighted things (yeah, forgot to mention, highlight important concepts and the things that you didn’t understand completely while going through readings)
That’s about it, since you asked so early I suppose you will start preparing early and you should have no problems
- Thread starter
- #3
Hey Ivan,
Thanks for your insights. I plan to register for it in June and will start around june mid or end. Just wondering have you used or analyzed Elan guides. Money is little tight just wanna see the cheaper option as far as study guides are concerned.
Thanks for your response again.
Amar
Thanks for your insights. I plan to register for it in June and will start around june mid or end. Just wondering have you used or analyzed Elan guides. Money is little tight just wanna see the cheaper option as far as study guides are concerned.
Thanks for your response again.
Amar
Elan is surprisingly great quality and thus is pretty good value for money. The notes are more than adequate, however you will find Elan lacking in practice questions which will become important as you get closer to the exam.
I actually disagree with Ivan’s 3rd point - CFA syllabus is great for clarifying and exploring more conceptual stuff, but on the whole I completely ignored it (blasphemy!!!)
Let us know if you need more help. Good luck and kudos for starting early.
I actually disagree with Ivan’s 3rd point - CFA syllabus is great for clarifying and exploring more conceptual stuff, but on the whole I completely ignored it (blasphemy!!!)
Let us know if you need more help. Good luck and kudos for starting early.
rawiswarden
New member
- Apr 16, 2012
- 0
- 0
Sometimes you can find hand-me down copies of study materials on Ebay. Check there, you may get a steal.
I’m very interested to know what your routine was if you used the official CFAI texts and did it over 6 months? Good for you man. That was way to much reading for my liking so I am using the Elan study guides. The videos are a great way to get an overview before you start going into the notes in depth.
This is true. However, I have heard that the Elan questions are closer to what you get in the actual exam than what Schweser provide. I don’t know if this is true but that was part of the reason why I went with them (heard this from various sources on this forum).