preparation time

[hemali]

Hi David

I shall be appearing for may 2010, level 1 wanted to know whta should be the pace of my studies? and what pattern should i take to study all the four books.

By the time i am writing this i feel a need to inform u that i have only managed to finish Foundation in risk management book, 8 chapters of quants ,2 from value at risk and 8 chapters form financial markets and products.
Now today i have a feeling that i am gong slow as, i have read GARP books only and solved schweser notes thats it i have not yet started actual practice exams paper solving.

I am confused as to time allocation of different subjects and how do i revisit the topics i have studied ?

Again i am finding value at risk book quite tough. why so? i fail to understand. can you please suggest me what kind of skills are required to master this topic as i am going to slow on this subject.

Kindly suggest me the strategy to be followed and ya i am not the premium member of bionic turtle what resource form your sit are available to me to access my preparation.



Thanks Hemali

 

[Suzanne Evans]

Hemali,

Please look at the following links below. These should help to answer your questions.

http://www.bionicturtle.com/frequently-asked-questions/#_is_200_hours_enough_to_prepare_for_the_exam
http://www.bionicturtle.com/frequently-asked-questions/#_what_do_you_offer
http://www.bionicturtle.com/frequently-asked-questions/#_what_is_a_good_book_to_start_with_the_basics
http://www.bionicturtle.com/frequently-asked-questions/#_where_should_i_start_preparing

Hopefully that will help! Should you have any additional questions or concerns, please do not hesitate to ask.

Thanks,
Suzanne

 

[David Harper CFA FRM]

Hemali - In addition to the links Suzanne provided, I would just add:
1. In regard to "first-pass" reading of the material, you sound like you are in a better position than you think;
2. IMO, maybe the best tactic is working practice questions, so I would start to include practice questions your plan.

Thanks, David

 

[hemali]

Hi David

I really appreciate ur replies and that to mention all ur words motivates me a lot to push that extra mile.

Can you please suggestme the way in which i should approach VAR,that is to link it with real life experience,as i am quite a conceptual person cant cram formulas or there predecided implications, i need an practical examination to concepts.

I guess that what is taking lot of my time away.

Again i have a tendency to read each single page of the book, i cant choose or select which one to reach n not to read.

I also wanted to know GARP expecte us to learn all the formula es, or just the implications,i mean do we have to solve those regression models or for that matter what would the roughly the percentage of sum solving an pratical theory interpretation and real life judgment in the examinations.


Thanks again for the great help.

Hemali

 

[Suzanne Evans]

Hemali,

I do not have the answer for your question. However, I'm sure David will. He is busy recording tutorials today and tomorrow. He will be in contact as soon as possible!

Thanks,
Suzanne