3rd Mock

I took the 3rd Schweser mock exam and got 63% for the morning and 63% for the afternoon.  I was somewhat surprised because I was struggling....... I hope this is a sign that I am learning and improving.  I will continue to memorize my notes and revise my notes again and take my 4th exam next monday.  But next week, I will only take CFAI AM section.  Then I will hit all of the end of reading questions and samples next week. 

Live Class

Today in my weekly live class, we went over performance attribution and decomposion.  I have already studied and solved the EOC questions but today in class..... I was little lost.  It was quite discouraging and at the same time I was happy that I was learning something and I have something I MUST do tomorrow. 

We went over security selection, market selection, currency selection followed by security allocation effect, market allocation effect....I learned a lot today in class.  The differences in the equations between selection and allocation effect can throw a lot of candidates off. 

For the rest of the week I will be focusing on book 3 EOC and sample questions as well as performance attribution and my notes.  Monday will be another mock exam day for me.

Second practice

I took my second practice exam and got 58%.  This is a fail for sure.  I got 70% on the PM section but absolutely buthchered the AM section scoring a phenomenal 46% (same as the first mock).  The problem is... I don't know enough of the material to solve some of the AM problems.  I just leave some problems blank and end up losing all 10 points or 8 points... etc.  The PM section is much like level II with a story followed by 6 multiple choice questions.  All you need to do is understand the concept and recognize the answers.

For the AM on the other hand, I write down the answer and also write down a justification for it.  A double whamy.  If I can't remember the answer in the first place.... well.. good game.

I am not sure what the best way to study is but one thing I know is if I put in quality effort and time it will payoff.  So for the rest of the week I will review and go over the readings of the AM section problems I missed and memorize them.  I will memorize my notes and those reading until my face is blue then I'll take my third mock next monday. 

practice exam

I took the practivc exam.  The good news is..... that I took it and the bad news is I got 50% on the PM section and around 40% (if that) in the morning section.  Taking the practice exam was actually fun although I guessed on roughly half of them.  I need to re-read the sections where I got it wrong, write new notes and memorize and take in the new knowledge.  This will probably take all week and my goal is to take another mock exam next monday.  For the second mock, I am shooting for 60% combined. 

Practice exam

I am planning on taking my first practice exam using Schweser book on Monday morning.  I will do both the am and pm.  I have a feeling I won't do so hot and may be a frustrating and helpless 6 hours.  But I'd rather be helpless now then later.  Wish me luck! 

This weekend will be spent watching lecture videos and revising my notes and solving some EOC questions for the second time.  I will target IPS EOC questions because due to the lack of work experience with clients I can't seem to grasp IPS designed for clients.

3 monrhs to go

Well it's that time again.  I have been pretty lazy just chugging along very slowly.  But now that it is March, I need to focus and study hard.  I need get through the EOC and sample questions again and re-read some of the readings that are giving me hard time.

The live classes I attend for the level III is extremely helpful.  Since I read through the curriculum once the class helps me reinforce key concepts and the instructor is amazing at giving us exam taking tips and techniques.