Revision Kick Start

I may have mentioned it earlier but I am using FinQuiz notes, as I used them in Level II, along with Schweser study notes to prepare for LIII. The whole week I spent on revising Fixed Income (reading 23,24,25,26) and IPS for individual investors. As I have been discussing it earlier the simple way to check our retention level is to note the time one takes to revise the stuff. If we are taking the same time as it was taken during the first reading again then the situation is a bit worst. If we are taking less time while revising the same area then we are progressing in terms of retention. It is very important to follow the same study material which was used to cover the topics at first place. Like I used the FQCN for reading 10 to on wards till 14, I was able to revise the stuff in quite less time and more efficiently. Similarly the areas which I've covered through Schweser, I will revise from there to save my time & increase their effectiveness.

The next week I'll be doing readings on making IPS for institutions along with the section covering Equity (Reading 27 to 30).

The Schedule I followed for Level II

For Level II I had followed the schedule provided by FinQuiz. By last year they were offering for free.. I think the offer still resides, one can get it in response to a one liner email at info@finquiz.com

Footnotes in the Curriculum

All the candidates who have appeared in the Level II exam I have come across, so far, say one thing in common. There is nothing which you can take risk of leaving assuming it wont be tested! Does the same go for footnotes provided in the CFA Curriculum? I don't exactly know its answer but normally when I am in a flow and reading any topic from the curriculum, unfortunately I skip the footnotes. May be their font size is so small or the subscript appears 'unimportant' while reading or may be it act as an obstacle in the flow which makes me feel uncomfortable with going through the footnotes while reading from the curriculum. Moments earlier I was going through Reading 40 from my Finquiz curriculum notes. When I reached the heading 5, I saw the formula of Excess Cash = Total Cash Available - (total assets of firm x (median level of industry cash / median level of industry total assets)). The curriculum was also open in front of me and my eyes rolled to heading 5 and the formula wasn't written there. To my surprise I started reading from the curriculum and was rather worried to figure out that the formula was explained in the footnote! It took me away as I have covered more than 50% of the syllabus and consistently I had been ignoring the footnotes whenever I referred to the curriculum. Thanks to my notes which contain all the important information available in the footnotes so that one may not skip it. The relevance and importance of information provided in the footnote with exams perspective is unknown to me but considering how crucial is the exam, I just can't take the risk of missing anything...