Losing my...what was I saying?

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I'm in the middle of SS 13 and formulas are slowly slipping away from me. What do you all do to remeber all of this stuff? Practice questions? Flashcards? Quick sheet?
 
I would say your getting flustered cus you are trying to keep everything in your head while trying absorb everything else. The most important thing to do is absorb everything and understand it, then move on. Dont' worry if by the last SS or if you remember it 110%, just finish each SS with a good understanding, then when you are done everything review, review, review. Everything will come back to you even if you only opened the book weeks or months before (if you understood it then). Then do questions and flashcards and anything else that compliments your learning style
 
I agree with jamespucyk.

I have a simple two-step process:

1. study the material to LEARN & UNDERSTAND it NOW (don't worry about remembering it)

2. review to remember in May

I don't worry about how fuzzy what I just learned has become (and its all somewhat fuzzy).

I have been keeping a single set of flashcard notes that will serve as the foundation of my review. Over the course of my studies I spent a lot of extra time making sure my flashcard set contained everything I really need to refresh my memory.

I think if you really learn and understand the material as you go through the first time, you WILL be able to jog your memory with a reasonable review effort in May.



Edited 1 time(s). Last edit at Friday, March 31, 2006 at 01:57PM by testami.
 
Thanks, these posts are both very helpful. I guess I'm on the right track, I just get stressed out every now and then. I'll save any further panic posts for May!
 
I think we've all been there, forgotten a formula and panic, I've even forgot it and ripped open a text book to re-learn it. Just remember the most important part is to understand the material before moving on and have a game plan.
 
I am more than losing my mind. I got 43% on a practice exam.

The calculations are the ones kicking my butt.
 
Try reading the assignment twice. The first time go through it quickly and get whatever you can out of it. Then rest and pick it up again later. You will be amazed at how much more comprehension you get the second time around (this is true even if you felt you got nothing out of it the first time).

You don't need to do this for everything, but you may find it useful for the ones that are really a struggle.
 
I also use a similar reading style as testami. I read it once and try to garner a decent understanding and then go over all the readings again and make sure I understand it all.

Also when you are doing a test or an exam you have to examine what level of stress and concentration you are under, what type of questions you are doing, etc, etc. I know schweser exam questions can be twice as long as a typical CFA level 1 exam question, and that's if you are fast, along with that there are some questions. I would say if you are getting lower it's because you don't understand the material well enough or maybe you were under heavy stress or lacking in concentration. Remember, you can't pass the CFA exam (most likely), just by memorizing the material.
 
jamespucyk Wrote:
-------------------------------------------------------
I know schweser exam questions
> can be twice as long as a typical CFA level 1 exam
> question, and that's if you are fast, along with
> that there are some questions.

Let's hope that's the case. Most people seem to agree on the fact that schweser practice exams are easier than the actual exams.
 
Don't forget: You can use the multiple choice format of the test as a sort of mnemonic (sp?) device. When you read the question and all the answers, your studying should bubble up at that point and help you identify the correct answer.

To explain, it is harder (IMO) to correctly answer an open-ended question, such as,

"What are the different ways a company can raise capital?", as opposed to

"Which of the following is not an option for a company to raise capital?
A. Issuing new stock
B. Issuing bonds
C. Doing a Rain Dance
D. Taking out a secured loan against an asset"

Which one is more likely to help you remember the correct answer? The one that you know already provides you with the correct answer.

The important thing is that you are able to think through the question by understanding the underlying principles of the question.
 
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