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I am planning to appear for CFA level1 in December should I take tuitions now or is it better to start after june? Does anyone know good institute in London?
sam12345
Question: I am planning to appear for CFA level1 in December should I take tuitions now or is it better to start after june?
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You should start studying now – Not sure if you need lessons, but start reading the books now. Plus you may want to work on your language skills.
You should try get through the material in the coming months and then try spending the last 6-8 weeks on questions/mock exams. Schweser question bank is quite helpful. The material isn’t difficult, there is just a lot of it.
It’s way too early to start now, are you going to remember stuff you learn today in 8 months time? I doubt it…. Start about 3 months before, studying in the evenings and a few hours at weekends. As you get closer ramp it up. Start doing mock exam questions 2-3 weeks before to know where your weak spots are, don’t cheat and don’t panic if you get low marks (50-60% area). Use them as a learning tool. Take a full week off before the exam if you can and cram like crazy. Use Schwezer from the beginning in the most part, the original texts are too long. The only books I bought were ethics and a couple of the others I thought sounded interesting to flick through and have long term, and some of the single articles. The rest will just burden you,This was my strategy for all 3 levels and I passed first time
It depends on your existing level of knowledge of accounting, economics and finance. Level 1 is generally comparable to undergraduate courses in those topic at University. If you feel like you know those subjects well, you can start studying in June. If not, you should start sooner. Take a look at the suggested timeline for studying that comes with the registration package.
They (CFA Institute) generally suggest about 18 weeks for study and 4-5 weeks for review and practice tests, and I’d advise you to consider that as a lower bound. There is a large volume of material that you need to know, including a lot of formulas that you need to be able to recall.
Don’t waste your life. Learn to paint or play the guitar.
I just got my books and wiull start studying after the june exams. Have you got yours?
@ BudFox I thought when you register and pay the money, the books gets sent to you automatically? Car you saying you never read it?
It really depends on your background and how much financial knowledge you have to date. If you are new to finance, I would say start now. If you studied finance before, you will probably have already covered most of the material in L1, so 6 months will be more than enough for preparation.