• DaveyNC

    Anki is awesome! There is also a smartphone app for it now (I don’t think it comes from the developers of Anki) and it will sync up with whatever decks you have on your computer.

  • http://qusma.com/ qusma

    Gotta say I partly disagree with #5. I think 40->60 is WAY easier than 70->90. Going from 40 to 60 is a matter of getting a general understanding of the overarching concepts, while going from 70 to 90 is mostly a matter of minutiae, corner cases, and material that is unlikely to be tested.

    • http://www.dynamichedge.com/ DynamicHedge

      Sure, it’s a matter of opinion. I found my scores on material I didn’t know as well would vary a lot more than the stuff I knew cold. I do agree that with a little bit of extra study I would be able to boost from a 40% to 60% on a given topic, but could I repeat it? Not reliably. Learning all the material well was the only way to replicate consistent scores. For some topics it just wasn’t worth it.

  • Ryan

    Congrats on passing level 2. Just passed level 2 myself and agree with a lot of what you say here. You bring up a lot of good points that I plan to try and implement next year. I wasted a lot of time in the fall reading the texts front to back. Definitely won’t have that kind of time this year.

    • http://www.dynamichedge.com/ DynamicHedge

      Congrats to you, too! Good luck and let me know how it works out for you.

  • Peter Bryans

    I read your blog often, but this is especially great stuff–thank you for sharing! I plan on sitting for Level I in June of next year, and so will begin studying in December. This post will definitely help me think about approaching my studying in an efficient manner. Congrats on passing Level II.

    • http://www.dynamichedge.com/ DynamicHedge

      Thanks man, I appreciate it.

      • msimps

        did u leave the # of new cards/day on the default of 20 or increase it?

        • http://www.dynamichedge.com/ DynamicHedge

          In the early days I left everything at the default. In some cases I actually lowered the new cards/day to 15. Near the end I would increase by increments of 50 throughout the day.

  • Crimedog

    If possible, would you be able to provide an example of how you prepared your Anki cards based on the LOS? Were you focused on general concepts and formulas, or did you pull specific example problems from the text and then input those as cards?

    • http://www.dynamichedge.com/ DynamicHedge

      Both. I did definition cards, formula cards… you name it! If I was having a tough time on something I would do some three-part cards with examples and a explainer followup. My suggestion is to break everything down to the “groan” point. I.e. the point where you groan because it seems so basic and unnecessary. You’ll be surprised how the same stuff you thought was basic becomes a challenge to recall a few days after being away from the concept. After you learn it cold you can start to do housekeeping and merge cards.

      • Crimedog

        Thanks for the reply! Taking level 1 with a fairly short prep time, so these flash cards sound like my best bet. Cheers.

  • http://www.howardlindzon.com howardlindzon

    congrats…on the baby :)

    see you at stocktoberfest and I owe you three beers, maybe 4

    • http://www.dynamichedge.com/ DynamicHedge

      Thanks Howard!

  • derekhernquist

    love the way you think, my man…nice work!

  • Sirvydas Dagys

    Interesting, might use some of the advice. As I understand, you started using Anki only this year, right? Maybe someone else wants to share the Anki cards for CFA level 1? Found CFA glossary shared cards, might be also useful. Creating your own deck probably is best for learning purposes but starting from a shared deck and then customizing can save time as well.

  • malarky

    Thanks for the useful info, it seems like a very good idea. The one thing that seems to get overlooked in your post is that you failed the level 2 exam once before passing on this attempt. This means that although failing, you were able to go through all the material once before and be tested on it. Surely there has to be some familiarity when you retake the test for a second time. I’m skeptical that someone who has never gone through the material before could study 170 hours and pass.

    • http://www.dynamichedge.com/ DynamicHedge

      True, there is some familiarity, but honestly after six months absence from the material you are relearning a lot of it. Hard to say what each person needs to pass the exam. This was just the most efficient for me.

  • Alex

    This is amazing….When going through the Schweser books, did you create the flashcards from the bullet points listed at the end of every chapter, or did you actually go through the Schweser texts and distill from that?

    • http://www.dynamichedge.com/ DynamicHedge

      I think each bullet point represents an LOS. I actually just watched the videos and pulled each LOS from the video. Every LOS should get at least one Anki card. You could do either and it will save time. The bullets are nice to make sure you cover every topic. As a reference, I ended up with around 1200 Anki cards for level 2 and 1050 for level 3.

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