Need Advice (Those who passed Level 3)

As others have said, I think you can get by using the Schweser materials IF you do the EOC and blue box problems in the CFAI text. That’s how I tackled it last year and I was able to pass on my first attempt. I think you’ll get into trouble if you rely solely on Schweser and ignore the CFAI practice problems though since those will often alert you to some of the nuances that Schweser does not emphasize. Overall, I felt better off cranking through the Schweser materials and then sharpening up my skills with CFAI practice problems and exams rather than laboring through the much denser CFAI texts. I think you want to be getting to the practice problems (particularly for the written section) as early as possible. The written section will be a lot easier if you’ve been working through examples and seeing sample questions/answers for a few months leading up to the test.
 
rolo550 wrote:
Ill leave you with a paraphrase of Mark LeFebvre’s advice.
Water boils at 212 degrees. It is powerful. Drives locomotives, powers cities. At 211 it doesn’t do squat. The difference is 1 degree.
When May comes, sell your soul, forget everything else. You will be 30 days away from what, for many of us, is the most significant endeavour of our lives. Put in the extra effort, the one degree, and pass. You have the rest of your life to do other things.
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Nice! Great advice for that late April / May burnout.
I’m glad you emphasized doing the practice exams. I’ve heard a lot of folks that wrote L3 saying they wished they had done more practice exams. Some have suggested starting the practice exams in April and giving it a full two months because of the AM section.
 
psriniva wrote:
But, your next statement, “God is great” is kind of a non-sequitur to your first sentence.
That is certainly your opinion. Not fact. I hope you agree. :-)
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I think anytime Aladdin says “God is great,”, it’s probably a little tongue-in-cheeky. He’s not quite as religious as some.
 
Oh my… seems like i am so so so behind everybody… i have just read ONE chapter on behavioral finance last week, and it actually took me the whole week to read it.. Is there anybody like me on earth? should i even start preparing, or i already lost all the chances?
And this year i decided to make notes or some sort of extended summaries on each chapter, so not to reread the curriculum for the second time, is it a good idea?? i did not do it for l1 and l2, but actually had to read/skim each book twice and some chapters even thrice then…
 
CFAI material takes you deep in to the trees. I use the Schweser notes to help me not lose focus on the forest / big picture. Some chapters I use more CFAI, some I use more Schweser. It depends on the complexity of the topic. I think Marc LeFebvre’s advice that you must do every single blue box example and EOC question is spot on.
This is my 2nd try at Level 3. I know if I follow Rolo550’s advice I will pass. Thank you Rolo550 - great stuff!
 
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