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Best advice in 6 words or less:
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Keep taking practice exams, have flash cards of points you are trying to reinforce, and keep taking practice exams. Most people won’t agree with me on this, you will have to memorize a lot of the concepts to pass. I took it back in 2012 and I passed it.
Try the TMEexam that’s a good resource
What the others have said. Also, try to focus mostly on the areas where you are struggling the most. If you've already got some stuff down pat, there's no need to waste precious time going over it ad nauseam. Use what time you have to try and master what you've had problems with on your last two tries, then just do a quick refresh of the other stuff right before the exam. I know it can be discouraging, but don't give up. You're definitely not the first person to have to take it multiple times, and you certainly won't be the last. Good luck!
I’m studying for the CFP…. What I have learned:
I have to study in the morning… I’m dead after work and dinner with the family.
I have a wrong answer book…. Every time I get a question wrong I write the question in black in the wrong answer book and the correct answer in red.
I love flash cards too.
When I talk about the test I say I’m going to pass it on Nov 3
We got this..I’m also passing Nov. 3rd!
Don’t get discouraged! The best advice I’ve received is don’t peak before your exam! Don’t burn yourself out, do allow yourself to rest and have a fresh mind day of exam.
If it helps, find a group or accountability partner. Set a goal for after the exam period, a vacation or some time off.
Since you have some time, if there are crash courses to help jot your memory, I would take it or really focus on learning the concept. (Think like the test maker, think big picture, etc)
The last two weeks only focus on practice questions and occasionally flash cards to jot your memory. If you really don’t know the material, reread the text and learn the concept.
Good luck!!!
Thanks - I appreciate it! I will give this a shot.
One of the reasons why is not because you lack knowledge or foundation. Sometimes it's because of the pressure and anxiety you feel every time you take the examinations. I've proven myself to produce more positive results when I take the exams feeling relaxed. Get enough hours of sleep. It helps to clear your mind.
Thanks - as I read this I’m winding down a 14 hour work day so you might be on to something
I'd recommend getting with a study group or tutor to stay disciplined. Take plenty of practice questions. Is there a trend to the sort of questions you tend to miss?
Kind of all over but some regulatory and working capital metrics are two areas that continually stand out.
I have my CEP and this is how I studied for it:
1. Skimmed through all the chapters in the books, just to get a basic idea and a foundation
2. Went through training courses which covered the main points
3. I'd take a quiz/test and review the sections I got wrong
4. Repeat starting from #2
Hope this helps. Good luck!
I don’t have this certification but I have study tips:
Regurgitating what you know on certain topics can be helpful. Get a whiteboard and write and rewrite what you know on a topic. I also second the flash cards. Try and do them throughout the day. At a certain point you’re probably not actually retaining what you’re reading so try writing it. Write out the correct answers to wrong questions on practice tests. See if there’s a pattern to the questions you’re getting wrong and establish a strategy to identify those questions and find the answer more easily.
Try meditating, too. It’ll help with your focus. Try and replicate test conditions and be sure to eat, drink water, and be well rested.
Good luck!
I faced similar struggles when I was studying for my certifications. One thing that really helped me was breaking the material into smaller sections. Instead of cramming everything, I focused on one topic at a time. Also, practice questions are great, but don't hesitate to check out resources like https://essays.edubirdie.com/assignment-writing-service for some extra support, they helped me a lot with my assignments.
Take some exercises before the exam. Also, make sure that your materials are updated and correct. You can also use flashcards.
If it makes you feel better, I got a 92% on the practice exam but missed the passing score on the exam by 2 questions. It’s an extremely difficult test, so don’t beat yourself up about it. I’m taking it again in June.
Technically, based on their scaled scoring, I suppose I don’t know for sure, but I did get a 295. I will pass it if I take it again. My understanding regarding the correlation between interest rates and bonds wasn’t what it needed to be, so that is a focus point for me in my studies. I spoke with afp and they agreed to let me keep my access to the online platform through august… so the studying continues! 😂
What was difficult about it in particular if I may ask? (taking in next window)
Not familiar with this test but having past many tests including the CFP and EA tests…in my opinion the best aid is a wrong answer book… just a notebook of every study question you have gotten wrong… write out by hand the complete question and the correct answer exactly as given. Then explain why that answer is correct in your own words.
It’s like when you get lost driving and then the next time you drive to that place the wrong turn looks familiar so you make the same mistake… you have to break your mind from remembering the incorrect answer