“Fingers crossed” “Touch wood” “A black cat crossed my path”. Well, all these superstitions may or may not be true but what you really need to be sure of is some of the superstitions that CFA exam takers are exposed to. There are a plenty of them and you need to get rid of them as soon as possible. Instead of bringing good and bad luck they might end up bringing nothing at all. It’s about time you gather yourself and let go of these myths:
“I need to revise at least 5 times to pass the CFA exams”
You are not a book and you needn’t become one. Revising is good but as long as it helps you sustain what you need to. Excess of anything is bad. Revising more than required can confuse things for you. You can be thorough with your course and it’s enough. Till the time you understand what you study and retain it, you needn’t go crazy studying. Make sure when you revise you ACTUALLY revise. You wouldn’t need to do it five times to pass.
“If I copy Kate’s schedule and study accordingly I will surely pass”.
Everyone has their own studying habits and own retention capacity. Imitating someone else’s study habits may or may not be beneficial. It’s best to stick to your own. You can try it out for a day or two, if it works for you well and good if not immediately change it. Kate is a different person and so are you. After all you need to maintain your originality. Be clear about the CFA exam dates and prepare your schedule accordingly. You can also use this CFA planner.
“If I study through the books and laptops and notes and charts and… blah blah blah I will do well”
Probably not! It’s best to create mind maps while studying and revising. When you create mind maps you automatically register it in your brains. It is more helpful than notes and visuals. Learn how to create a mind map.
“Secluding yourself from society and entertainment will help you study better”
Man is a social animal and if he/she isn’t able to express him/herself or interact with the likes, he/she can face depression. Secluding yourself from people will have a negative effect on your studies rather than a positive one. You require entertainment and socialism. So take out the time and don’t ignore it. You can also listen to music while studying.
“Referring to only the CFA Institute material will do, after all it’s given by the institute itself.”
If that was the case then there wouldn’t have been millions of books published on CFA. It’s best to go through different study materials and decide which is best rather than sticking to one or the one that your colleague’s are using. Most importantly never ever EVER use out-dated study material. The worst risk that you can take is refer to out-dated material. In order to save a few bucks you risk your exams. You can refer to this free CFA level 1 and CFA level 2 study material.
“CFA exams are so difficult that one can only clear it after so many attempts”
Nothing is difficult if you put your mind to it. Its better you concentrate on your present attempt rather than evaluating the future number of attempts. Set down to study and actually study! They are not so difficult. Put your heart and mind and in no time will you hold the CFA certification in your hands. Use these CFA hacksor these CFA tricks to do even better.
Now that you have let go of all these useless superstitions and myths you can finally sit down for actual work. Letting go of these small misconceptions can work out wonders. Its about time you pick yourself up and ignore these insignificant rumours. Study well and All the best!