Which reading to be the first ?

[Paracoda81]

So i am planning to start by the end of this week , I need your advice on which reading to start with ?

 

[dwheats]

Start from the beginning. Except save ethics for last.

 

[Greenman72]

^and save GIPS for next to last.

 

[1BigStudMuffin]

Yeah bros let’s start studying 11 months before a test

 

[tozerrt]

Read the LIII material in order (but saving Ethics for last, as already mentioned). In the end, you’ll see that makes the most sense…
Behavioral finance appropriately leads into Individual IPS, which is then compared to Institutuional IPS. The curriculum then moves on to economics and dives into the management styles/effects within different asset classes. Ribbon is tied up at the end, with GIPS serving as the proverbial cherry on top.

 

[GothamSenator]

1BigStudMuffin wrote:
Yeah bros let’s start studying 11 months before a test

Way to add value.

 

[GothamSenator]

tozerrt may ultimately be correct, but I do think it’s a matter of personal preference to a certain extent.
For example, I’m currently following the below trajectory, and am almost through PWM 2. Arguments could be made for a variety of paths, EOD it’s all about getting started as soon as you can [say 11 months in advance ].

Study CFAI
Session Volume Study Session Area
Number No.
3 2 Behavioral Finance
10 4 Fixed-Income Portfolio Management (1)
11 4 Fixed-Income Portfolio Management (2)
4 2 Private Wealth Management (1)
5 2 Private Wealth Management (2)
13 5 Alternative Investments for Portfolio Management
14 5 Risk Management
15 5 Risk Management Applications of Derivatives
12 4 Equity Portfolio Management
16 6 Trading, Monitoring, and Rebalancing
17 6 Performance Evaluation
6 2 Portfolio Management for Institutional Investors
7 3 Applications of Economic Analysis to Portfolio Management
8 3 Asset Allocation and Related Decisions in Portfolio Management (1)
9 4 Asset Allocation and Related Decisions in Portfolio Management (2)
18 6 Global Investment Performance Standards
1 1 Ethics and Professional Standards
2 1 Ethics and Professional Standards in Practice

 

[dwheats]

1BigStudMuffin wrote:
Yeah bros let’s start studying 11 months before a test

How is this even close to 11 months before the test?

 

[former trader]

Start with the order presented in the curriculum.

 

[Rogue Trader]

Start from the begining in sequence in my opinion.. but leave GIPS and Ethics at least 2 months before the test..
Some people would skip Behavioral Finance too and leave it till the end. I personally ADVISE you to start from behavioral finance (Start fresh, not too much numbers, good too read
Good Luck!

 

[gringo_bob]

Around this time last year I started with behavioural finance and read right through from there. For me, BF is a good place to start, a relatively easy read and leads well into the Individual and Institutional PM readings. Plan to read both PM readings twice.
Also, don’t listen to any of the twats saying it’s too early, it isn’t. You will really need to master the L3 material to pass the exam and you’ll need to spend a bit of time nailing your exam technique so starting now is advised.

 

[GothamSenator]

gringo_bob wrote:
Also, don’t listen to any of the twats saying it’s too early, it isn’t. You will really need to master the L3 material to pass the exam and you’ll need to spend a bit of time nailing your exam technique so starting now is advised.

Completely agree, thanks. Any helpful insights into prepping for the constructed response AM session? Seems like it’s mostly about jumping in and getting lots of practice in. My primary concern is grading your own responses for these guys is pretty subjective…

 

[sooraj]

gringo_bob wrote:Around this time last year I started with behavioural finance and read right through from there. For me, BF is a good place to start, a relatively easy read and leads well into the Individual and Institutional PM readings. Plan to read both PM readings twice. Also, don’t listen to any of the twats saying it’s too early, it isn’t. You will really need to master the L3 material to pass the exam and you’ll need to spend a bit of time nailing your exam technique so starting now is advised.

+1. Cannot agree more here with Gringo. I did almost exactly the same.

 

[pablosdad]

tozerrt wrote:
Read the LIII material in order (but saving Ethics for last, as already mentioned). In the end, you’ll see that makes the most sense…
Behavioral finance appropriately leads into Individual IPS, which is then compared to Institutuional IPS. The curriculum then moves on to economics and dives into the management styles/effects within different asset classes. Ribbon is tied up at the end, with GIPS serving as the proverbial cherry on top.

Agree.

 

[dirkan]

Ethics at the end ofcours efocus primarily on the topics with more weightage!