Monday, May 16, 2011

CFA - Sachin says Impossible is Nothing

I don't think the month of May will see another post after this. The reason being I am toiling for about 12 hours a day to prepare for my CFA, and the interesting thing is that I am finding no hopes of being fully prepared till 5th June.

The biggest mistake I feel I did this year was to stick to the curriculum books despite everyone experienced telling me to go for Schweser right from the start. Swati told me in September that her brother didn't even open the curriculum pack, studied from Schweser and easily cleared the Level 2. I was always of the belief that passing the exam and understanding the concepts are two different things and I opted for the latter. Now I am feel being stupid. At the end of the day, the degree matters. In any case, I am not in the relevant profile, so understanding the concepts do not matter to me much as of now.

I remember the last year when I was preparing for my Level 1. About 50 days I had studied, read the curriculum books about 4-5 times before solving numerous question papers - about 7 days before the final day. This year, even completing the course once will leave me only 3 days for the test papers (as per my assumption on May 12th).

It is not that I realized late to study. I had begun studying in the 2nd or 3rd week of September. I was moving slowly, reading each word of the curriculum book. And where am I now... I don't even remember a single concept what I had read. And this is not unusual. According to majority of the candidates, the first reading is a waste.

It is 16th now. I am yet to start Ethics (this I didn't even do from the curriculum books) and I am in mid of Alternative Asset. That means, Fixed Income, Portfolio Management and Derivatives are still left. And then, re-reading all of the books one more time. I have to do all this in the next 10 days, but how?

I always give motivational advice to every person who needs it. Now it is me who need them myself. I always look to Sachin for the motivation in these situations. I know one thing for sure, as Sachin says - Putting in efforts is in my hands, the results are not. So atleast I should do my part well, the results shall follow.

Last year, I had given up all the hopes at one point of time. And it was only 9th April. This time, 100 times more difficult situation I am in, I just say - I am NOT giving up.

1 comments:

Sumit Kaur said...

You will clear exam this time also..don't worry :)
Just toil hard till 5th June