I come from a software background with minimal exposure to finance per se, except for some academic courses that I did back in graduation and community colleges. Clearing CFA is not a cake walk for me, but I am up for the challenge.
This blog is to document my journey towards CFA L1.
I believe that
1. Success is never an accident, but a result of a perfect design and implementation. So I'll post my plan in my next few posts
2. You learn the most when there is a genuine sense of responsibility that you take for your action - So I try learning by becoming passionate and emotional about finance. I try to put myself in the shoes of an investor and understand the concepts
3. Success in any exam is based on how much you revise the topics - My plan is to complete the topics soon and revise them as much as possible
Rationale that I am following is the following:
1. Give myself the best chance to clear the exam
2. Cover as many topics as possible before the exam
3. Come across as many questions as possible before the exam
4. Not to get bogged down by the topics that I do not understand or the test scores. Have a calm and peaceful mind, all through the preparation
Given these constraints and the time frame, I have come up with some decisions:
1. Not spend more than 10-12 hours per study session
2. Use the schweser video, which covers a session in about 3 hours
3. Use the secret sauce, which covers the study session in a few pages
4. Use the schweser question bank and the questions from the book to practice as many questions as possible on the study session
5. Review the book at least once per topic
6. Use flash cards - but do not waste time in creating them in a detailed way
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