Just checked from CFA institute Website. I failed my CFA Level 1.
I belongs to the top 10% of all failed candidates.
i.e. I nearly passed.
This exam. Only 35% of all candidates passed.
So sad. I got to spend so much time study again and going through this type of uncertainties of failing again.
My books got to come out from my cabinets again... Now new job, where got so much time to study... Haizzz...
--------------
I had decided not to take the exam this December due to my new job. I got to focus on my career and stablise my income. How I wish I have the money and time to read and learn again. No choice, I have no money and no time... Got to wait till next June. (written on 2nd Aug 08)
12 comments:
$2k Financial Plan are probably for those with more complicating situations. Eg, BVI companies, Trusts, advice on large inheritances of million dollars, overseas investments. He may need to engage other professionals in the planning process.
For simplier and more straight forwards cases, I think $50 or $100per hr should be fine. After 2 or 3 sessions, the client only pay $200 to $300. Then yearly review probably cost only $100.
The small cost is nothing comparable to the savings that the client can get if he buy a high cost policy and without even knowing if he really need that plan.
Take a look at wilfred's blog and you can see the substance or the lack of it. The style of his blog is such that viewers will never have a chance to voice their views. It is all one way. This should tell you also about his style of consulting. You will also notice his polls are designed to reflect his own thinking and to justify his thinking. So when it goes his way, he will boldly announced it but if it goes against his thinking or interests then he will quietly take it down. Doesn't this reflect his style and what he can do for you?
He is also saying in one of his unilateral posting that a university professor told him that people will think that his advice is good if he charges highly. The higher his charges the better it is although he admits in the same posting that his advice is actually the same, whether when it was free or when he charges 200 an hour. If he is doing so well with his advice, then he could have adviced himself and made millions without having to charge you two thousand dollars right?
Just my honest opinion. :)
At least Adrian is honest and will tell people if he fails an exam. Do you think Wilfred will do the same? Between an honest adviser and one who will only allow one way "dialog", which would you prefer?
I read an article about a man who failed his exams year after year. He even made a vow not to get married unless he passed. He is an old man now. This is far too extreme. Probably, he should find out the reasons why he could not pass. Did he really study the subjects correctly before he is to be tested? Find out the roots of the problem, and success is not that hard to attain. Hope you will not be discouraged by one attempt. Try, try, try and never say die.
Actually Wilfred is a humble and helpful guy. I'd met up with him several times for coffee. He has his principles and he has his reason for allowing one way expression of views.
He is very knowledgeable and I respect his principles and talent. Maybe he and me about the same, a bit too straight and don't know how to make people happy.
Adrain, there are people who just tikam tikam until they pass.Even after they have passed they still tikam tikam with their advise to clients. I have seen many of these people. They don't live up to the letters after their name. I hope you are worth every letter after your name. What I mean, don't just go for the letters go for what you striving for ,the knowledge and the skill.if you have failed it means you didn't have the knowledge. Evaluate and find out where you had gone wrong and I am sure this time round you will do well. All the best
hi,
is 4 yrs of work experience as a financial consultant/adviser deemed acceptable or relevant by the CFA Institute?
I doubt that 4 years of FA experience is deemed relevant to CFA institute. We don't go into securities analysis or research.
dont mind me asking, but if the 4 yrs of FA experience is not considered relevant enough for you to get a CFA charter, why go for the exam?
Hi Adrian, this is Joel. I’m sorry that you didn’t make it. Makes me nervous as my own paper draws nearer. Don’t be discouraged, I believe that you’ll achieve what you set out to do, perhaps not this time round, but I’m sure that you will take this setback as a learning experience and will surely succeed the next time round.
Your blog keeps getting better and better! Your older articles are not as good as newer ones you have a lot more creativity and originality now keep it up!
Post a Comment