CFA study prep?

For L1 I've been doing a lot of practice problems on Wiley and problems provided by cfai... in past experiences do you think this is enough? Also how similar are given practice problems to exam? Any insight would be great

Comments (8)

Oct 1, 2020 - 8:26am

I read Kaplan Schweser books once and then did CFAI questions. In hindsight the real prep is last month. Practice lots of questions and sleep well before exam day.

Mark Meldrum is well known in the field and he has good and cheap up to date videos. I will use it for Level II.

made new unrelated account - dont reply or message as i never use it. 

Oct 1, 2020 - 9:04am

L1 - I read Schweser, made my own notes, and did CFAI question bank/mocks

L2 - Same thing

L3 - Read CFAI books, made notes, did their question banks, and did all the historical morning questions going back to 2005


The CFAI question bank is pretty representative of the questions you'll see on the exam, especially for L1.

Oct 1, 2020 - 9:33am

Blast through the CFA bank on their online platform (the institute itself) and do the practice exams they provide. For L1 especially - I found those are the most representative. You want to get as much of a feel for how the CFA asks things, presents things and, candidly, the little 'wrinkles' they put in. 



Oct 1, 2020 - 11:22am

Broadly (on all levels) I'm going to be a big proponent of the CFAI materials.  Yes, Kaplan and Wiley are going to give you shorter books, but you're learning, not memorizing, the CFAI books give you the context to understand the 'why,' which sets you up for the next level.  The questions, both at the end of each module and in the practice tests is also much more consistent with what you'll see on the test.  I've seen Kaplan in particular just use bad writing and unclear questions to push scores down. CFAI basically figures out the two incorrect answers you're most likely to get and makes them the other choices.  You get fewer questions from CFAI, but if you told me they put 10X as much effort into writing each question, I'd believe you.

I generally see somebody I know on TV on Bloomberg/CNBC etc. once or twice a week. This sounds cool, until I remind myself that I see somebody I know on ESPN five days a week.
  • 1
Oct 1, 2020 - 1:19pm

Questions for L1 should be fine, personally for me Wiley's 11th hour review was a godsend. 

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