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Days to June Exam 115

Estimated Hours Required:


Performance Variance
Jun-19 Modified Estimated Hours Required
Modified Estimated Hours Remaining
Modified Estimated Hours per Week

Estimated Hours Required:


Performance Variance
Dec-19 Modified Estimated Hours Required
Modified Estimated Hours Remaining
Modified Estimated Hours per Week

Video/Book Questions
Total Hours Invested: 17.25 12.5 4.75

Inspiration: I attribute my success to this - I never gave or took any

Recommended Sequence for Level 1 -June 2019

1. Quantitative Methods
Start: Friday, December 14, 2018 Start:
End: Thursday, January 03, 2019 End:

4. Portfolio Management
Start: Wednesday, February 20, 2019 Start:
End: Tuesday, March 05, 2019 End:
5. Corporate Finance
Start: Wednesday, March 06, 2019 Start:
End: Wednesday, March 13, 2019 End:

8: Economics 7. Derivatives/Alternati
Start: Friday, April 12, 2019 Start:
End: Sunday, May 05, 2019 End:

9. Ethics
Start: Monday, May 06, 2019
End: Friday, May 17, 2019

Review
Start: Saturday, May 18, 2019
End Friday, June 14, 2019

Recommended Sequence for Level 1 -December 201

1. Quantitative Methods
Start: Friday, December 14, 2018 Start:
End: Monday, January 28, 2019 End:

4. Portfolio Management
Start: Wednesday, May 08, 2019 Start:
End: Wednesday, June 05, 2019 End:

5. Corporate Finance
Start: Thursday, June 06, 2019 Start:
End: Thursday, June 20, 2019 End:

8: Economics 7. Derivatives/Alternati
Start: Friday, August 23, 2019 Start:
End: Thursday, October 10, 2019 End:

9. Ethics
Start: Friday, October 11, 2019
End: Monday, November 04, 2019

Review
Start: Tuesday, November 05, 2019
End Sunday, December 01, 2019
Days to December Exam 290

316.86
-49.23%
160.88
143.63

11.56 Careful! You are letting this get away from you.

316.86
-49.23%
160.88
143.63

3.99 Keep at it!

ever gave or took any excuse. -- Florence Nightingale

or Level 1 -June 2019

2. Financial Reporting and Analysis


Friday, January 04, 2019
Thursday, February 07, 2019

3. Equity
Friday, February 08, 2019
Tuesday, February 19, 2019
6. Fixed Income
Thursday, March 14, 2019
Monday, April 01, 2019

7. Derivatives/Alternative Investments
Tuesday, April 02, 2019
Thursday, April 11, 2019

Level 1 -December 2019

2. Financial Reporting and Analysis


Tuesday, January 29, 2019
Wednesday, April 10, 2019

3. Equity
Thursday, April 11, 2019
Tuesday, May 07, 2019

6. Fixed Income
Friday, June 21, 2019
Tuesday, July 30, 2019

7. Derivatives/Alternative Investments
Wednesday, July 31, 2019
Thursday, August 22, 2019
In the Colum labelled Difficulty Factor, in the green cells, use
your assessment of the reading's difficulty. Once done, pr

CFAI Content

Level 1 Reading List Page Count # of LOS


Ethics:
Ethics and Trust in the Investment Profession 22 6
Code of Ethics and Standards of Professional Conduct 14 3
Guidance for Standards I - VII 153 3
Introduction to Global Investment Performance Standards (GIPS) 2 3
Global Investment Performance Standards 5 4
196 19
Quantitative Methods
The Time Value of Money 35 6
Discounted Cash Flow Applications 20 6
Statistical Concepts and Market Returns 69 13
Probability Concepts 38 15
Common Probability Distributions 37 17
Sampling and Estimation 25 11
Hypothesis Testing 26 11
Technical Analysis 51 8
301 87
Economics
Topics in Demand and Supply Analysis 43 6
The Firm and Market Structures 44 8
Aggregate Output, Prices, and Economic Growth 68 15
Understanding Business Cycles 47 9
Monetary and Fiscal Policy 62 20
International Trade and Capital Flows 52 10
Currency Exchnage Rates 53 10
369 78
Financial and Reporting Analysis
Financial Statement Analysis: An Introduction 29 6
Financial Reporting Standards 39 9
Understanding Income Statements 55 13
Understanding Balance Sheets 45 8
Understanding Cash Flow Statements 40 9
Financial Analysis Techniques 61 7
Inventories 43 12
Long-Lived Assets 70 16
Income Taxes 27 10
Non-Current (Long-Term) Liabilities 44 11
Financial Reporting Quality 52 9
Financial Statement Analysis: Applications 41 5
546 115
Corporate Finance
Corporate Governance and ESG: An Introduction 35 11
Capital Budgeting 21 6
Cost of Capital 30 12
Measures of Leverage 21 5
Working Capital Management 39 7
146 41
Portfolio Management
Portfolio Management: An Overview 29 5
Portfolio Risk and Return: Part 1 57 8
Portfolio Risk and Return: Part 2 41 9
Basics of Portfolio Planning and Construction 30 7
Risk Management: An Introduction 40 7
Fintech in Investment Management 19 4
216 40
Equity
Market Organization and Structure 57 12
Security Market Indexes 27 11
Market Efficiency 23 7
Overview of Equity Securities 28 8
Introduction to Industry and Company Analysis 45 11
Equity Valuation: Concepts and Basic Tools 37 13
217 62
Fixed Income
Fixed-Income Securities: Defining Elements 38 6
Fixed-Income Markets: Issuance, Trading and Funding 43 10
Introduction to Fixed-Income Valuation 43 9
Introduction to Asset-Backed Securities 42 9
Understanding Fixed-Income Risk and Return 46 12
Fundamentals of Credit Analysis 60 10
272 56
Derivatives
Derivative Markets and Instruments 46 5
Basics of Derivative Pricing and Valuation 48 15
94 20
Alternative Investments
Introduction to Alternative Investments 58 7
58 7

Total 2415 525


Average 41.64 9.05

Pages LOS
n the green cells, use the drop-down menu to enter
culty. Once done, proceed to the tab Study Hours

CFAI Content markmeldrum.com Content


Reading Review Diffiuclty
EOC Questions Video Time Video Time Seminar Time Factor Weighting
hh:mm:ss hh:mm:ss
8 33:10 Somewhat Easy 0.45
0 20:18 Somewhat Easy 0.29
40 3:59:04 Average 3.67
0 8:24 Easy 0.03
3 19:01 Somewhat Easy 0.10
51 5:19:57

28 1:57:47 47:38 Difficult 1.09


17 1:04:17 45:32 Somewhat Easy 0.41
23 2:05:09 1:26:55 Difficult 2.15
25 2:46:50 1:17:10 8:38 Difficult 1.19
37 2:30:40 1:15:18 Somewhat Difficult 1.02
29 1:19:12 1:10:20 23:30 Difficult 0.78
40 2:16:32 1:34:27 26:40 Difficult 0.81
28 1:47:48 39:09 Average 1.22
227 15:48:15 8:56:29 58:48

37 1:12:17 46:08 Average 1.03


19 58:58 30:40 Average 1.06
35 4:45:25 1:19:42 Somewhat Difficult 1.88
43 2:43:27 1:19:51 Average 1.13
33 2:32:34 57:14 Average 1.49
23 2:39:14 46:24 Average 1.25
21 2:22:20 52:04 37:09 Somewhat Difficult 1.46
211 17:14:15 6:32:03 37:09

19 30:37 15:39 Somewhat Easy 0.59


18 1:15:33 25:08 Somewhat Easy 0.80
30 2:37:21 52:29 Average 1.32
34 1:08:01 49:37 Average 1.08
30 1:43:12 50:04 Average 0.96
22 1:54:08 1:07:26 Average 1.47
56 2:03:20 1:55:46 Somewhat Difficult 1.19
52 3:04:43 54:14 Somewhat Difficult 1.93
22 1:43:22 1:05:04 57:10 Somewhat Difficult 0.75
36 1:05:20 36:31 Somewhat Difficult 1.22
27 1:12:05 30:02 Average 1.25
13 28:38 Average 0.98
359 18:46:20 9:10:23 57:10

10 1:24:30 33:24 Somewhat Easy 0.71


18 1:01:28 45:45 Somewhat Easy 0.43
27 1:54:17 1:32:42 Somewhat Easy 0.61
16 1:02:15 41:47 Somewhat Easy 0.43
12 1:40:14 39:37 Somewhat Easy 0.80
83 7:02:44 4:13:15

15 58:13 21:52 Average 0.70


40 3:05:45 1:04:11 Somewhat Difficult 1.57
40 2:39:55 42:46 31:19 Somewhat Difficult 1.13
20 36:57 21:07 Average 0.72
19 1:19:16 34:44 Average 0.96
9 35:37 15:10 Somewhat Easy 0.39
143 9:15:43 3:19:50 31:19

37 2:18:35 59:46 Somewhat Easy 1.16


34 1:33:54 49:57 Average 0.65
26 1:05:41 27:06 Average 0.55
24 1:07:37 31:10 Somewhat Easy 0.57
32 1:37:33 38:41 Average 1.08
36 2:30:26 59:46 Somewhat Difficult 1.02
189 10:13:46 4:26:26

28 1:17:52 37:37 Average 0.91


31 53:49 33:01 Average 1.03
44 2:32:29 1:16:29 54:15 Somewhat Difficult 1.19
27 3:12:48 49:09 Somewhat Difficult 1.16
27 2:36:31 1:06:07 43:15 Difficult 1.44
48 1:29:29 43:24 Somewhat Difficult 1.66
205 12:02:58 4:45:47 1:37:30

15 1:05:36 29:20 Difficult 1.44


36 3:17:27 1:12:01 1:38:48 Difficult 1.50
51 4:23:03 1:41:21 1:38:48
37 2:44:39 1:12:59 Average 1.39
37 2:44:39 1:12:59

1556 103:51:40 44:18:33 6:20:44 61.26


26.83 Weighted
Readings
EOC Questions
In the green cell below, enter the number of hours you plan to prepare for the L
not including review time. The average candidate reports studying 300 hours fo
Assuming 4 weeks of review at 20 hours per week, that is a base of 220 hours for Level
Note that the average candidate fails.

Average hours/Reading based on: 300 hours Readings 58


300
Start Date: Month: December
Day: 14
Year: 2018
Exam Date: 6/15/2019 Weighted Hours Required
Days of Review 28 Weighted Hours per Reading

In the table below, across the top row, determine the number of hours you can dedicate to CFA Le
The cells with green dots indicate the combination of start dates and hours per week that are viab
A cell without a green dot indicates that, based on the number of weighted hours required per re
of hours per week you have available and the start date in the first column, there is no viable path
the content. You will need to increase the number of hours per week you are willing to put in or s

Number of Number of Jun-19


Start Days to Days to Number of Hours Available per Wee
Date Exam Date Review Date 6 8 10 12
2/20/2019 115 87 75 99 124 149
2/27/2019 108 80 69 91 114 137
3/6/2019 101 73 63 83 104 125
3/13/2019 94 66 57 75 94 113
3/20/2019 87 59 51 67 84 101
3/27/2019 80 52 45 59 74 89
4/3/2019 73 45 39 51 64 77
4/10/2019 66 38 33 43 54 65
4/17/2019 59 31 27 35 44 53
4/24/2019 52 24 21 27 34 41
5/1/2019 45 17 15 19 24 29
5/8/2019 38 10 9 11 14 17
5/15/2019 31 3 3 3 4 5
5/22/2019 0 0 0 0 0 0
5/29/2019 0 0 0 0 0 0
6/5/2019 0 0 0 0 0 0
6/12/2019 0 0 0 0 0 0
6/19/2019 0 0 0 0 0 0
6/26/2019 0 0 0 0 0 0
7/3/2019 0 0 0 0 0 0
7/10/2019 0 0 0 0 0 0
7/17/2019 0 0 0 0 0 0
7/24/2019 0 0 0 0 0 0
7/31/2019 0 0 0 0 0 0
8/7/2019 0 0 0 0 0 0
8/14/2019 0 0 0 0 0 0
8/21/2019 0 0 0 0 0 0
8/28/2019 0 0 0 0 0 0
9/4/2019 0 0 0 0 0 0
9/11/2019 0 0 0 0 0 0
9/18/2019 0 0 0 0 0 0
The entries in the Table above indicate the number of total hours
Week" and selected start date

Exam Date: 12/7/2019


Days of Review 32

Number of Number of Dec-19


Start Days to Days to Number of Hours Available per Wee
Date Exam Date Review Date 6 8 10 12
2/20/2019 290 258 221 295 369 442
2/27/2019 283 251 215 287 359 430
3/6/2019 276 244 209 279 349 418
3/13/2019 269 237 203 271 339 406
3/20/2019 262 230 197 263 329 394
3/27/2019 255 223 191 255 319 382
4/3/2019 248 216 185 247 309 370
4/10/2019 241 209 179 239 299 358
4/17/2019 234 202 173 231 289 346
4/24/2019 227 195 167 223 279 334
5/1/2019 220 188 161 215 269 322
5/8/2019 213 181 155 207 259 310
5/15/2019 206 174 149 199 249 298
5/22/2019 199 167 143 191 239 286
5/29/2019 192 160 137 183 229 274
6/5/2019 185 153 131 175 219 262
6/12/2019 178 146 125 167 209 250
6/19/2019 171 139 119 159 199 238
6/26/2019 164 132 113 151 189 226
7/3/2019 157 125 107 143 179 214
7/10/2019 150 118 101 135 169 202
7/17/2019 143 111 95 127 159 190
7/24/2019 136 104 89 119 149 178
7/31/2019 129 97 83 111 139 166
8/7/2019 122 90 77 103 129 154
8/14/2019 115 83 71 95 119 142
8/21/2019 108 76 65 87 109 130
8/28/2019 101 69 59 79 99 118
9/4/2019 94 62 53 71 89 106
9/11/2019 87 55 47 63 79 94
9/18/2019 80 48 41 55 69 82
9/25/2019 73 41 35 47 59 70
10/2/2019 66 34 29 39 49 58
10/9/2019 59 27 23 31 39 46
10/16/2019 52 20 17 23 29 34
10/23/2019 45 13 11 15 19 22
10/30/2019 38 6 5 7 9 10
11/6/2019 31 -1 -1 -1 -1 -2
11/13/2019 0 0 0 0 0 0
11/20/2019 0 0 0 0 0 0
11/27/2019 0 0 0 0 0 0
12/4/2019 0 0 0 0 0 0
12/11/2019 0 0 0 0 0 0
12/18/2019 0 0 0 0 0 0
12/25/2019 0 0 0 0 0 0
1/1/2020 0 0 0 0 0 0
1/8/2020 0 0 0 0 0 0
1/15/2020 0 0 0 0 0 0
1/22/2020 0 0 0 0 0 0
1/29/2020 0 0 0 0 0 0
2/5/2020 0 0 0 0 0 0
2/12/2020 0 0 0 0 0 0
2/19/2020 0 0 0 0 0 0
2/26/2020 0 0 0 0 0 0
3/4/2020 0 0 0 0 0 0
3/11/2020 0 0 0 0 0 0
3/18/2020 0 0 0 0 0 0
The entries in the Table above indicate the number of total hours
Week" and selected start date
an to prepare for the Level 1 exam
studying 300 hours for Level 1.
e of 220 hours for Level 1.

Hours/Reading 5.17

Weighted Hours Required 316.86


Weighted Hours per Reading 5.46

you can dedicate to CFA Level 1 preparation each week.


ours per week that are viable.
hted hours required per reading, given the number
mn, there is no viable pathway to completing
ou are willing to put in or start sooner

Jun-19
er of Hours Available per Week
14 16 18 20
174 199 224 249
160 183 206 229
146 167 188 209
132 151 170 189
118 135 152 169
104 119 134 149
90 103 116 129
76 87 98 109
62 71 80 89
48 55 62 69
34 39 44 49
20 23 26 29
6 7 8 9
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
ate the number of total hours avaiable given your "Hours per
eek" and selected start date

Dec-19
er of Hours Available per Week
14 16 18 20
516 590 663 737
502 574 645 717
488 558 627 697
474 542 609 677
460 526 591 657
446 510 573 637
432 494 555 617
418 478 537 597
404 462 519 577
390 446 501 557
376 430 483 537
362 414 465 517
348 398 447 497
334 382 429 477
320 366 411 457
306 350 393 437
292 334 375 417
278 318 357 397
264 302 339 377
250 286 321 357
236 270 303 337
222 254 285 317
208 238 267 297
194 222 249 277
180 206 231 257
166 190 213 237
152 174 195 217
138 158 177 197
124 142 159 177
110 126 141 157
96 110 123 137
82 94 105 117
68 78 87 97
54 62 69 77
40 46 51 57
26 30 33 37
12 14 15 17
-2 -2 -3 -3
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
ate the number of total hours avaiable given your "Hours per
eek" and selected start date
Time required
Level 1 Reading List (Hours)
Ethics:
Ethics and Trust in the Investment Profession 2.32
Code of Ethics and Standards of Professional Conduct 1.48
Guidance for Standards I - VII 19.01
Introduction to Global Investment Performance Standards (GIPS) 0.17
Global Investment Performance Standards 0.53
23.51
Quantitative Methods
The Time Value of Money 5.65
Discounted Cash Flow Applications 2.11
Statistical Concepts and Market Returns 11.14
Probability Concepts 6.14
Common Probability Distributions 5.29
Sampling and Estimation 4.04
Hypothesis Testing 4.20
Technical Analysis 6.34
44.90
Economics
Topics in Demand and Supply Analysis 5.34
The Firm and Market Structures 5.47
Aggregate Output, Prices, and Economic Growth 9.71
Understanding Business Cycles 5.84
Monetary and Fiscal Policy 7.70
International Trade and Capital Flows 6.46
Currency Exchnage Rates 7.57
48.09
Financial and Reporting Analysis
Financial Statement Analysis: An Introduction 3.06
Financial Reporting Standards 4.12
Understanding Income Statements 6.83
Understanding Balance Sheets 5.59
Understanding Cash Flow Statements 4.97
Financial Analysis Techniques 7.58
Inventories 6.14
Long-Lived Assets 10.00
Income Taxes 3.86
Non-Current (Long-Term) Liabilities 6.29
Financial Reporting Quality 6.46
Financial Statement Analysis: Applications 5.09
69.99
Corporate Finance
Corporate Governance and ESG: An Introduction 3.70
Capital Budgeting 2.22
Cost of Capital 3.17
Measures of Leverage 2.22
Working Capital Management 4.12
15.42
Portfolio Management
Portfolio Management: An Overview 3.60
Portfolio Risk and Return: Part 1 8.14
Portfolio Risk and Return: Part 2 5.86
Basics of Portfolio Planning and Construction 3.73
Risk Management: An Introduction 4.97
Fintech in Investment Management 2.01
28.30
Equity
Market Organization and Structure 6.02
Security Market Indexes 3.35
Market Efficiency 2.86
Overview of Equity Securities 2.96
Introduction to Industry and Company Analysis 5.59
Equity Valuation: Concepts and Basic Tools 5.29
26.06
Fixed Income
Fixed-Income Securities: Defining Elements 4.72
Fixed-Income Markets: Issuance, Trading and Funding 5.34
Introduction to Fixed-Income Valuation 6.14
Introduction to Asset-Backed Securities 6.00
Understanding Fixed-Income Risk and Return 7.43
Fundamentals of Credit Analysis 8.57
38.20
Derivatives
Derivative Markets and Instruments 7.43
Basics of Derivative Pricing and Valuation 7.75
15.18
Alternative Investments
Introduction to Alternative Investments 7.20
7.20
Time Spent Time Spent Time Spent
(Hours) Video/Read (Hours) EOC/Q-Bank (Hours)
70% 30%
4 1.63 4 0.70
1 1.03 1 0.44
1 13.30 1 5.70
0.5 0.12 0.5 0.05
0 0.37 0.16
6.50
65% 35%
9.75 3.67 5 1.98 4.75
0 1.37 0.74
0 7.24 3.90
0 3.99 2.15
0 3.44 1.85
0 2.62 1.41
0 2.73 1.47
0 4.12 2.22
9.75
50% 50%
1 2.67 1 2.67
0 2.73 2.73
0 4.86 4.86
0 2.92 2.92
0 3.85 3.85
0 3.23 3.23
0 3.79 3.79
1.00
50% 50%
0 1.53 1.53
0 2.06 2.06
0 3.42 3.42
0 2.80 2.80
0 2.48 2.48
0 3.79 3.79
0 3.07 3.07
0 5.00 5.00
0 1.93 1.93
0 3.14 3.14
0 3.23 3.23
0 2.55 2.55
0.00
50% 50%
0 1.85 1.85
0 1.11 1.11
0 1.58 1.58
0 1.11 1.11
0 2.06 2.06
0.00
50% 50%
0 1.80 1.80
0 4.07 4.07
0 2.93 2.93
0 1.86 1.86
0 2.48 2.48
0 1.00 1.00
0.00
50% 50%
0 3.01 3.01
0 1.68 1.68
0 1.43 1.43
0 1.48 1.48
0 2.80 2.80
0 2.64 2.64
0.00
40% 60%
0 1.89 2.83
0 2.14 3.20
0 2.46 3.69
0 2.40 3.60
0 2.97 4.46
0 3.43 5.14
0.00
60% 40%
0 4.46 2.97
0 4.65 3.10
0.00
50% 50%
0 3.60 3.60
0.00
Level 1 2017 Playlists
Quantitative Methods https://www.youtube.com/watch?v=apc3YTp_20
Ethics: https://www.youtube.com/watch?v=apc3YTp_20
Economics
Micro https://www.youtube.com/watch?v=apc3YTp_20
Macro https://www.youtube.com/watch?v=apc3YTp_20
Financial and Reporting Analysis https://www.youtube.com/watch?v=apc3YTp_20
Corporate Finance https://www.youtube.com/watch?v=apc3YTp_20
Portfolio Management https://www.youtube.com/watch?v=apc3YTp_20
Equity https://www.youtube.com/watch?v=apc3YTp_20
Fixed Income https://www.youtube.com/watch?v=apc3YTp_20
Derivatives /Alternative Investments https://www.youtube.com/watch?v=apc3YTp_20

For the complete 2019 CFA Level 1 by Dr. M


https://www.markmeldrum.com/product-catego

Level 1 Advice:
Sequence of Learning https://youtu.be/kkDWn5p12MM
Level 1 Keywords https://youtu.be/_uTQxp2ng6g
Level 1 is not Difficult https://youtu.be/pCVb3cSeslM
Study Strategy for Full-Time Employees https://youtu.be/6pVfMjeBPq0
I did not Pass my last CFA Exam https://youtu.be/0_pyAfgRVUk
How I Teach CFA Content https://youtu.be/NKwRK75w7P0
Mock Exam Strategy https://youtu.be/z-8WuzA8kyM
Review Strategy for Level 1 https://youtu.be/7GaO9Czqj4U
Eric Mazur: Memorization vs Understanding https://youtu.be/tn1DLFnbGOo

Dr. Meldrum's Applied CFA Series


Complements vs Substitues https://youtu.be/8yZ9iUxL9n8
Mean Reversion: Hogs vs Cattle https://youtu.be/ZC3eTRdeuDU
Mean Reversion: Follow up https://youtu.be/iVeGHI0Ym64
Momentum Trading - 52 Week Hi/Low List https://youtu.be/nVm5jBJhJsA

2019 Packages
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Concepts from all three Levels of the CFA program Applied in the
✅ real world! Scroll down for links to the first three weeks!

✅ 4 full mock exams - 960 questions in total - written in house.

Each year, your full access content upgrades to match the Level
✅ and curriculum year for which you are preparing!

Since you only pay once, any future price increases at L1, L2 or L3
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complete.

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year. As you move to Level 2 in 2020, you will have your 2019 videos
labacks (Yes, level 2 has Level 1 callbacks).
ll 3 Levels. It's Price Protection, Annual Content Updates, and a Pass
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