5 Million Dollars. 10 Years. This is the story of my journey.
I have to admit, I’m struggling with the Financial Reporting and Analysis (FRA, SS7 to SS10) part of CFA Level 1 curriculum. The available texts, both CFAI and Schweser, continue to read like Latin to me. The big problem is that FRA is not like Quants or Econs, whose concepts you can wrap your head [...]
In October 2008, I decided to register myself to take the Chartered Financial Analyst (CFA) Level 1 Exam in June 2009. This exam is widely known to be a daunting challenge, with very low passing rate (after 2000, there hasn’t been a single year/half-year where the passing rate is higher than 50%). We don’t know the [...]
HP12c is so unloved. All CFA candidates I know seem to be using TI BAII Plus. Schweser Notes even says it right out: “If you don’t already own a calculator, go out and buy a TI BAII Plus!” If you see the examples in Study Session 2 of the Schweser Notes, it’s full of sentences such [...]
As I mentioned in my previous post, not all chapters are created equal. I’ve decided to prioritize my schedule accordingly. Consequently, I have to update my plan as well. You can see the latest version here. Also, I’ve created a Google group for our email study group for June 2009 Level 1 exam. Please feel [...]
When I just started with my study for CFA Level 1 (June 2009), I thought I would go through the CFAI textbooks in order, saving Ethics for the very end of my study. After seeing the CFA exam result (not mine) though, I’m thinking of, er, rethinking my strategy. The exam result looks roughly like [...]
(EDIT: Originally this is a navigable Java applet–I removed it because it’s not working reliably enough.) (Click here if you’d like to download the image.)
This will be a living, growing document. So far the notes for Reading 5 and 6 have been completed. See it here, and let me know what you think!
I’ve posted the plan that I’ll use to prepare for the CFA Level 1 Exam in June 2009 here. This plan will be updated daily. At the end, I’m hoping to record how much time I will have spent preparing for this exam–it’d be interesting to see whether it gets anywhere near the 250 hours [...]