Full Steam Ahead

This is always an interesting time during the preparation. I have 9 days to go. I will quickly forget the last bit of preparation before the exam 6 months from now, but this is the time that determines whether I pass or fail. This week I have reviewed derivatives and portfolio mgmt. Today and tomorrow is fixed income securities. I think derivatives may be the most important of the 3, but that's more of a feeling based on what I know about myself and my history. Anyway, next week is just reviewing the major concepts and all of the formulas.

Last weekend I took a practice exam just like the last post. Both exams are administered by the CFA Institute and are supposed to mirror the difficulty of the real exam. In reality, CFAI is jst really stingy about releasing past exams, so the practice exam is just a potpurri of past exam questions (including several I remember from last year). Anyway, out of a 60 question test I don't know the odds of receiving the exact same score two weeks in a row but I did it. At first, i was disappointed about my failure to improve, but the 2nd exam since it was actual past questions, tested me on past subjects. There were 2 questions on calculating a franchise PE. This year they changed calculate to analyze. There were 3 questions on levered Beta. This year levered Beta is not in the cirriculum.

Anyway, there isn't much going on with me right now at home other than studying. This weekend is a full length exam (120 questions), and review on Sunday. Then next week is the final sprint to the finish. I like my odds for this weekend's practice exam.