Monday, November 28, 2005

CFA Update

I'm taking the CFA test this Saturday and I think I'm on the border in terms of being prepared.
Looking back I should have bought the notes from the start, rather than buying the books. I tend to do better by reading the material myself and then writing my own notes, but for this test there is just way too much information to cover! I think if I had bought the notes to begin with, I would be feeling really confident right now.

Now I'm a little shaky. There are 18 sections of different weightings and I'm good with some of them. I'm spending this week reviewing the harder sections and making sure I know how to use the specific type of calculator (some of the keys are different).

The sections I need to work on: Ethics (just because this is probably worth the most), the second part of the math section (I still hate hypothesis tests!), and the financial accounting parts.
I want to read through the econ sections and make sure I know the equations. I think I'm ready in the corporate, equity, securities markets, and fixed income sections. It's definitely going to be a challenge, but I'm going to try my best. I figured if I don't pass it might be better in the long run because then I will put an extra 6 months of studying into these topics and form a strong foundation.
But I rather pass!

3 comments:

stockdiva said...

Don't freak out, MAN! You're going to do great. Just really focus on the sections that have the strongest weights (which I believe are 1) Financial Statement Analysis, 2) Asset Valuation and 3) Ethics.

Also, don't worry about blogging, until after you take the test. You need to spend as much time as possible focusing on the test.

I promise I won't hold it against you if you ignore the Blog board for a couple of weeks.

Knock em' dead!

klauss said...

I also am taking the test and have not even had time to cover all of the material. So much to cover, too busy at work, and every other excuse. Good luck

s0othsayer said...

Hey, how did you do on the CFA? I'm also thinking about taking it. How do you think I should prepare (what should I buy, how much time I need to study for it).

Thanks