CFA

joo_2000

The CFA thing isn't just marketing... Tan actually applies traditional portfolio frameworks to DeFi.

stoned2brds

Literally. Your the reason I dont believe in democracy. How is your vote equivalent to mine, we are talking about finance and clearly you know nothing about it. Are you the one with the CFA?

OdoBenSisko

10 minutes of investigation, this is really sus. I checked CFA membership, there's no "Brxxx Cxxx" on record with a current cert. I did find a "Brxxx Cxxx" on Linked in from Atlanta who also claimed to be CFA offering services like: copywriting, web development, content strategy, video production. You know, typical "CFA" type stuff lol. For the record, Harxxx lists Bxxx as its only employee and his other current "clients" include: Basin Uranium Corp. BlackBoxStocks, Inc. Bonk, Inc. Canbiola, Inc. Eco Innovation Group, Inc. Go Green Global Technologies Corp. Grid Battery Metals Kaival Brands Innovations Group, Inc. Magellan Copper & Gold Corp. Pure Harvest Corporate Group Rapid Therapeutic Science Laboratories Renewal Fuels, Inc.

OdoBenSisko

Who's this Harbinger Research **Brian R. Connell, CFA** Senior Research Analyst? [https://content.equisolve.net/harbingerresearch/media/8900f171f82fe6e744f7287ad23431a3.pdf](https://content.equisolve.net/harbingerresearch/media/8900f171f82fe6e744f7287ad23431a3.pdf)

BNeutral

A CFA certification, while it has some small amount of TA as part of the curriculum for completeness, has little to do with what we are discussing.

Pezotecom

CFA used to include an introduction to the concept of TA, and it does not anymore.

According-Tip-457

lol I manage $16B kid. CFA. I manage money for a living. You should sit down before you hurt yourself. You don’t even have a Bloomberg terminal. PS the stat is 95% fail in the first year, 99% by year 2. If you ever managed money, you’d know what edge is and that it’s never given away. Retail traders are as dumb as they come.

crazybutthole

Just to check it out. Watch an episode by CFA Joseph hogue. He has a lot of followers so he is not a potential partner. But he can give you an idea of what talking about content can look like. He has lots of videos showing his portfolio and posting about winning strategies but he also has some videos about creating passive income streams (He is adamant that if you are creating videos and posting and working to gain subscribers - that is not a passive income stream cause all that stuff takes time) But - if you had a partner and its as simple as you continuing what you do - fine great plays and email them to your partner and they post them. Then it's an extra 40 seconds of work for you - instead of just finding the play and putting in the buy order you add an extra step of sending the play to your "partner." And they do the rest (creating the content) You might make a tiny profit in the first few months but if your strategy really worked and made great picks consistently - it could grow to many more followers. Again just an idea. Nothing is super easy or you won't make money cause everyone would already be rich off it.

SchwiftySchwifferson

Anyone else studying for the CFA, V

Competitive-Ant2876

Listen, I am engulfed in the micro of cannabis, usage trends, cannabis v alcohol, state by state regulations, I also have a BDSA subscription so I see state by state brands private & public brands and how each performs in each category. I have a background in accounting and a CFA level 1. I understand investing and filings. My opinion- just an opinion- is that these public companies need a moat. Everybody sells same product, it’s a commodity. Like coffee. Best brand and quality wins. Also A moat doesn’t happen until interstate commerce happens. This allows these MSOs to divest assets since they won’t need to be vertically integrated in each state which is a game changer & would help tremendously towards a profitability path. Would also entice strategic partnerships. Also “smart money” will not invest directly in these businesses (specifically mso’s, they already got burnt w LPs), they will wait for alcohol or tobacco to take stake, then increase their exposure in said company, perfect hedge. Hot take: federal legalization is years away so no company will be able to import cannabis to the US but the US can export. That will give companies some edge. Diversification and being in able to compete in competitive markets will go a long way. Everyone hypes up GTI (I have a position) but nobody talks about how they are mainly in limited licensed states, 80 Percent of rev comes from same store sells, so they control who they compete against. There’s other Tier 1 ops who actually compete in markets. Thanks for listening to my Ted talk. Lmao.

CouchPotatoFamine

So, now that you are a CFA Charterholder - you are pretty much in the black? Or is it still really just gambling at the end of the day...

Shapen361

I'm a CFA Charterholder and still have lost plenty of money (but tbf I wasn't a Charterholder when I did, only a candidate.)

One-Two-218

Seeing Tan's CFA background caught my eye too. What mattered more later was how consistently risk management and those portfolio principles showed up in the material.

Own-Training5512

I had all the advantages - MBA, CFA, long career experience as a professional investor and then I lost much more than this , recovered, lost again, recovered, then the third time was the end. I kept trying to make it back and it just got worse - but most of all it was the inability to forgive myself and resulting depression that I kept trying to “fix” with winning trades. Unless you can be completely unemotional and fearless and disciplined - all of which is much harder after big losses - you have to walk away from trading or it will take your health, happiness, family and everything else the way it has for me.

Risko4

No it's not, fake credentials of "my friend" made millions while you steal a strategy word for word of a 20 year old video so you can role play is fucking weird. I'm aware markets are fat-tailed but nassim taleb is just an intellectual grifter, not a source for market mechanics or for advanced mathematical modelling to be built on blindly. Ask any CFA or Quant.

SchwiftySchwifferson

Should be studying for the CFA, but playing war thunder instead

Many_Easy

Non-stop sadism with his casket shitting. He/her studied 3-4 for a level one CFA and thinks he knows everything. He/she may become a savvy investor someday, but needs more experience and education. And less ego.

Nuvuser2025

Man, here I go, asking someone who’s partially through CFA “how was it?”   So, how was it, so far?  I need  to do something in life besides these FINRA licenses, because pay has tapped out.

Cool_Ad_5101

I will take a stab at it. What are your GOALS? (R)Isk tolerance, (R)eturn. Figure that out, and then ask whats your (T)imeline, (L)iquidity needs and do you have any (L)egal or(U)nique circumstances? This is classic CFA level III portfolio construction questions. That said, I believe in this industry and am long Greenthumb, Trulieve and Cresco Labs. Was long tilray from 2016- 2024 but think Irwin and the CEO or Greedy cunts that are extracting as much wealth from the shareholders. So I am not a fan. There are others here that love them. Ask yourself why YOU sold Tilray? If you don't need the money, want to be part of the industry growth I would buy Greenthumb and maybe some trulieve. These are the top MSO's. I would also, buy only as much as you are comfortable holding a while and DON'T overweight your portfolio if you don't have conviction. Again, this isn't financial advice but, hopefully it gives you something to think about. There are some really good opinions on this board, hopefully they pipe in.

Kontrav3rsi

Waiting to buy after the market crash tonight. Gonna be a BLOODY Friday, wait until at least Monday. DDD, NFA, CFA

PandaCalves

OP - these days, anyone who isn't advocating for 'DCA'ing into an ETF' is branded as speculative. Not trying to argue with anyone here - just noting that for most of American history "picking stocks" was considered investing. From that perspective, the foundation for investing education has long been "Security Analysis" by Benjamin Graham and David Dodd. Warren Buffet was famously a student of Benjamin Graham's...and, his famous advice to new investors was "start with the A's," I.e. look at all of the public companies, and do your research. As for formal training, the modern era has leaned into quantitative analysis, but the modern standard for training is the CFA. https://www.cfainstitute.org/

Competitive-Ant2876

Bro what? Are you schizo? We have had this conversation in the past. You’ve spoken on my education in the past for whatever reason. I have a background in accounting and have CFA level 1. I know what I’m doing. The portfolio I have and manage is doing quite fine. I told you good job for making money in Tilray but I still don’t like the company. Not everyone has to agree on if a company is good or bad? Seems like I triggered you. Should be more relaxed with all your Tilray gains.

Fast-Echo8504

Hi all, Looking for advice on if I should trim / rebalance my portfolio and or hire a fee only CFA per the wiki. Link to Portfolio: [https://imgur.com/a/oQhQUw2](https://imgur.com/a/oQhQUw2) For context, I have three accounts that I have historically self-managed: 1. Individual that is taxable where I buy and hold (rarely sell, if ever) 2. Roth IRA that I max out 3. A speculative account where I buy and sell (maybe once or twice a year) in terms of achieving outsized growth. I also have a 401K that is maxed out but excluded here since it is all target retirement date funds.

Green-Yam-8510

One thing I’ve noticed is that most genuinely useful investing education tends to come from either local investment clubs or university-adjacent programs rather than “courses” marketed online. Those usually focus more on process and decision-making instead of signals or hype. If you’re open to it, you might try looking for a local CFA society, finance club, or even continuing-education programs at nearby universities — a lot of them run in-person workshops or discussion groups that are more grounded than influencer-style stuff. Curious what style you’re hoping for though — fundamentals, technicals, or more of a portfolio / risk-management focus?

PandaCalves

Unfortunately, I think that many mass market "Learn to Invest" courses are either a scam or an avenue for an advisor to sell you something. If you really want to learn the fundamentals, it might be worth studying for the CFA. https://www.cfainstitute.org/programs/cfa-program

eska089

It's relevant because pension funds don't just buy the S&P 500 ETF. They hold diversified portfolios (value, small cap, international) which have lagged way behind the Mag7 tech stocks. This triggers the "Denominator Effect." Because their broad public portfolio didn't keep up with the headline index, but their private equity holdings didn't mark down, their allocation to PE mathematically jumped over their allowed limits. They are literally blocked by their own risk rules from investing new money. That institutional freeze is exactly why PE firms are suddenly desperate for retail capital to fill the gap. And this is not just my opinion. State Street’s 2025 survey explicitly says 56% of institutions expect retail to become the dominant funding source because traditional LPs are tapped out. Bain calls it a “liquidity bottleneck” and the CFA Institute calls it a trap for retail. The data is all there, I didn’t say I looked into the data for nothing, I actually did 😅

Many_Easy

Anyone with market knowledge would likely not forecast valuation at such lofty levels such as a Cresco 9x. Look for analyst reports from a Wall Street analyst with a CFA designation. Ideally from Goldman Sachs and JPMorgan Chase. Pablo Zuanic is also good. Jefferies tends to overestimate valuations. Ignore clowns like Alan Brochstein and YouTubers like The POW Group and The Dales Report.

Many_Easy

Texas A&M grad, dresses like an adolescent, public feud with Green Thumb & Ben Kovler, frequent guest on TDR, no CFA, high fees & expenses, ETF doesn’t beat benchmarks, personality, front running probably, etc. What’s not to like?

One-Yard9754

Good job!! Like Bananas said, you need to put your money in cash. There’s a lot you don’t know about the markets, do you have any background in economics, finance etc? Start gradually building your understanding, you don’t need a CFA but you should be able to read and interpret a balance and cash flow statement. Start from there, get some books on technical analysis, fundamental analysis, the physiology of trading, etc etc. The beauty thing about the markets is that there’s always something new to learn!

Doxtator

POET Tech is optical interposers, this is so much more efficient than the current tech, and I'm going to say it - this technology literally moves at the speed of light. I had other orders out that didn't get filled I should have probably had a higher allocation here. This is going to be an incredible opportunity in the future. I'm not saying POET is MLTX. I'm have no plans on writing a report about POET, that is just a recent example, that came to mind of an investment that as mispriced. I DO have other companies I already have reports written on and sitting on my desktop, I have a few more that I already know I will write when I get the opportunity. For now, I'm using this as a distraction. While there is chaos around me you guys are giving me something I can focus on, and for me MLTX has become intertwined with my life story here. I'm thankful for that. I think I got those orders last couple orders in premarket of after hours, I'm not sure. The majority of my time during market hours are normally spent with my kids. I already liked the optical interposer technology when the news broke, but stock reaction was slow. It wasn't in the headlines, the headlines only discussed Marvell and Celestial AI. Don't rely on the headlines, do a little more digging. That goes for the MLTX trial fail headlines and shareholder lawsuit headlines as well. Read and evaluate. Use independent judgement. Do your due diligence. I haven't had quite the time I wanted in years to focus on and research and analysis. I started to make it a priority earlier this year. Or as much as I could while still taking care of the kids and managing a real estate business with over 100MM in sales over the last 5 or so years, which is to say up until now I haven't had a lot of time to direct into my personal interests. That has all changed. I'm not involved that business anymore beyond closing out some year end financials. I'm looking at only half the time with my kids, and my youngest will be in kindergarten soon. For some 2026, will just be a new year, for me 2026 will be a fundamentally new life. After next week, I'll probably be able to stop talking about MLTX for a while. I think we realistically have less than a week before the we hear about the outcome of the discussions in the FDA Type B meeting. If or when the company issues a press release, that window closes. Other than that, I'll wait for the minutes if I have to, but I don't expect this to be the case. You all know my situation. I'm going to have a lot more time now. The more I dig, the more opportunity I see everywhere. But we have to actually look, we have to spend the time and put the work in. Back to POET though. Data centers. AI. Quantum. The opportunity out there is huge. Look at the Marvell Celestial AI acquisition. When I heard that merger story drop it was a no brainer to buy more POET. I like investments I don't even need to think about. But, yes, I did my due diligence. All investments are not the same though with AI, at some point, we actually do have to start to think about the present value of discounted cash flows. I'm not going to go out and die on this hill, but there are some very large AI companies out there... I'm thinking of one in particular that has massive, spending, and very little revenues to show for it, negative profits. All while their first mover advantage is rapidly falling apart, market is share being eroded by other larger players in the space and at the same time model performance is being outshined by competitors. At some point we eventually need cashflows here. Valuations do matter. Maybe I was a little too critical of DCF in my prior comment. My apologies CFA Institute, my apologies. This is therapeutic. To circle back to your original question if MLTX gets close to what I see as fair value, (nowhere near the current market price) at some point I'm probably going to redirect a portion of the capital into other investments. But, I'm comfortable here. This isn't a trade, I trust the management team, I like the platform, the wide range of CID indications SLK can potentially address. At the core this is a long term investment. Thanks for the question disasterly213. I will say I'm probably not using WSB or reddit the right way. Or maybe I am... These comments are freely available, but essentially hidden, buried. These ideas available to anyone, but only seen by those who are looking. Maybe that is how it should be. That goes back to the thesis; do the due diligence. Put in the work and I think you'll be rewarded for that time. But on another note: if you find research or comments have value a little upvote every once in a while probably wouldn't hurt. That goes for the original post as well.

JudasRex

Taking the CFA and first chapter in the book, discussing the Fisher Equation, says essentially: Compounding is the real way to do this, but in practice we just use addition, as *normally*, theres no real difference in the sum. Text was written before Covid taught us inflation targets are a joke. Essentially, *in practice*, the banks save trillions of dollars a year by not following their own playbook.

Doxtator

I think this is a core holding for a bit here. Next year is just stacked with catalysts. Before I sell I need to see it be somewhere near fair value... what's fair though? 3X- This is around $45. That's still only 3 billion market cap, they already rejected an offer there - it was higher before the data drop, and I expect that next week they have a path to approval, It would need to be higher... 5X- Maybe I start looking at discounting back the present values of future cashflows... seriously though, I'm retired. I don't do that and you guys are going to glaze over so quick if I even start talking about the present value of DCF. It's so much easier than that. If you need calculate DCFs to figure out if a stock is worth putting new money on, it's probably not. (Sorry CFA Institute) I don't want to buy companies that are 15%, or 20% undervalued based on estimated future cashflows. I'm here to give you my best ideas on companies that are so undervalued we don't NEED to do math here. I'm not close to selling, I'm not calculating anything. MLTX can 10X long term, that is only 10 billion market cap guys. I trust they can do it, give them a couple years, and check back. I'm going to go to bed and I will sleep well knowing MLTX management is over there working hard to make us all rich. Realistically, though, I'd have to trim at some point and this is also dependent on other opportunities that are going to come up. Like POET Tech: https://preview.redd.it/2y3lc13cpa6g1.png?width=1962&format=png&auto=webp&s=5cdd30d355f14f41d8846187f7ad41cd76662c6f But POET Tech isn't my story. MLTX is. I'm holding, wake me up when they are 5X and I'll pay someone to do math. Just not that analyst from Citi with a $5 price target... Someone pull that report and DM me with it, it should be good for a laugh or two.

DonaldDuck2012

I liked his sign off signature Richard the Regarded , MBA, CFA

Iamgoingnumber2

Colonialism ended more than 50 years ago. The CFA is just better for some. It’s not fair and has its flaws but they can choose to leave at any time.

Doxtator

Most of my the assets that my wife won’t split in the divorce are, yes. But overall portfolio is closer to around 10%. Outside of hard assets, I don’t normally size this big percentage wise to an investment. Diversification, yeah I’m still a CFA at the end of the day. But when the opportunity presents itself… I have a few others that I would consider scaling that high, they also have inherently less risk than a biotech would imply, but also less upside. At the end of the day, this is still FDA dependent, but I trust them to do their jobs and look at the complete SLK package, it helps that the upside is massive, those other investments don’t have the opportunity to 10X in a year.

Iamgoingnumber2

Any of them can leave the CFA at anytime. It’s hard to start and maintain a currency. This is the main reason why they are still using it. Not Colonialism.

Iamgoingnumber2

Meh. Africa has had decades to say no and still can’t. It’s hard to start up a banking system and back it up. There’s a reason why over 200 million people still use the CFA.

Bojangles315

I decided to look at other comments where you gave financial advice to someone. I have a CFP in addition to regulatory licenses. After I finish the series 4 and 54, I plan to start on my level 1 CFA. I am more than qualified here. If you are retired and selling securities to pay your bills, you are correct. that's not very smart. securities is a very broad term though. What matters, is what type of securities are we talking debt securities like Treasury bills/notes/bonds, or corporation debt like traditional bonds. muni debt, like municipal securities. are we talking preferred stock which would likely trade more like a bond (think a seesaw) in relation to the fed funds rate? are we talking index funds, or even individual common stock. are we talking mutual funds, if so, class A B or C. meaning, is it a front load/back load fund, or a 12b-1 fee based account so you can't really give a broad statement like that without having more information ideally though, a laddered bond fund would be more ideal. depending on your risk tolerance and other assets. also your tax rate to determine what kind of bond ladder. for instance, muni do not have tax outside of the alternative minimum tax. in certain situations at least.

Upstairs_Whole_580

Yeah... I suppose, but there are people who have... FAR more money than they dreamt of because of NVDA and... it's probably not a bad idea to diversify. I myself am one of those people. Long story short, inherited money and real estate, College Roommate is a CFA who is very successful, told me about NVDA, I bought 1500 shares in 2019, 1000 more in 2023 and now it's 40% of my portfolio. It was more, but I've been selling the rental properties. I think it's going to 300 by the end of next year(fiscal year). So F'27. But it's probably not a bad idea to sell 20,000 and put that into VOO or BRK.b. I also won't do it... but I should.

Upstairs_Whole_580

I don't DCA. If I like a stock and I want to put X% of my portfolio into it, I'll buy 5000 shares right then. I bought AMD... which is a bad example because in the 70s, it was obvious. But I DO regret this one. AVGO. I caught that falling knife at 170 and I had an experiance CFA who I'm friends with who... pushed AVGO on me(he also pushed NVDA on me in 2019, so I listen) but he said just watch everything Trump's saying... and keep monitoring. So that's the ONE time recently I guess I did technically DCA. I bought 4750 shares at 170 and then at 140... I went back in for another 5,000... actually, 148. My 2nd is I NEVER follow through on my exit points and I'll often take off a stop-loss if I think it's stupid. Like NVDA... I bought 1500 in 2019, 1000 in 2023 and I said if if it got to 1000. Then I said... if it gets to 143, I'm out. Then it was 180, then 210... and I'm still holding and I got burned on this in '22 when it went from 325 to 120. Fuuck... I also have a 3rd. Since '22, I've been in NVDA, TSM, AVGO, AMZN, GOOGL, META, MSFT and that's about 90% of my portfolio. I'm 100% of the people on here who does NOT think the AI bubble has even started and I'll 100% be the person on here talking about how I was going to retire and raise my kids so I didn't miss time with them and now... I'll be working until 60 like a regular poor. But seriously, 240, I'm taking 20,000 shares out of NVDA and just putting that aside into bonds. I'm only 39, but I don't... want to have to hear ethe "oh, you have time to make it up." I also just cannot sell after those earnings.

MarketMikex

Got my CFA, looking to get into ER at 30 in NYC…. Any tips on networking/job hunting?

Many_Easy

Yet you’re are a budtender with an accounting “background.” Did you graduate? CFA is tough and congrats on passing level 1.

Competitive-Ant2876

Lmao I know it’s real as a budtender, I have my CFA level 1 and an accounting background.

Immediate-Badger-695

So I’ve been messing around with buying options just a day before expiry. Basically, I go all-in-ish, and if it jumps 30% in a day (or sometimes minutes), I take profit and close. Most of the time it’s OTM, sometimes it works, sometimes it doesn’t. I usually play with 1–2k, super risky, but honestly, I’m young, dumb, no house responsibilities, and have a pretty solid family backing—so basically just comfortable enough to experiment. I’m also studying for CFA Level 1, went through the curriculum, got curious about derivatives, and one of our educators showed some “for educational purposes only” options trades in class. I thought: why not? Just some backchodi, learning by doing. Sometimes I scale in, sometimes the trade literally closes in 2 minutes. I know it’s risky AF and most of the time I’m just watching options decay, but it’s actually a good crash course on theta, delta, and gamma in the real world.

Many_Easy

I’m not pumping - saying you like an investment & stating reasons why is not pumping. Exposed for what it is? What solid source? Has SEC come down on company? Nope. Getting paid? Don’t be ridiculous. Never. I have ethics and integrity. What textbook? Any investment class textbook found at AASCB accredited business school. Any CFA textbook. It’s easy for you to make false accusations, huh?

Jimmy_Trivette

CFA is fine because they're still predominantly in the south and they didn't alienate their core customer base though lol

Magnasparta1

Also idk if you mean you want a 300k balance or to get 300k from your investments but if it's the latter u REALLY need a CFA. There's a problem there. No one needs nearly that much AND it's unrealistic to a non-trader. That's 20% being used and not being reinvested. You could live the rest of your life in a other country without working AND be increasing net worth at the same time by just controlling spending.

Magnasparta1

Dividends probably not. Selling options. Probably, example. $270 UNH is around where Warren bought the stock. This stock already crashed. At 1.5M you can sell 50ish 12/18/2026 puts for 100k. You'll get the premium upfront. Cash secured puts will lock out your 1.5 million. But you have to kind of study and know what you are doing. The other problem is that usually you want to live below your means so that your remaining money gets reinvested and counters inflation. I would speak to a CFA and not strangers on the internet. Or study ALOT.

Competitive-Ant2876

I’ve been in the market since my senior year in HS reits, energy, some tech. I’ve been in cannabis for ever lmao. I have CFA level 1. Wanna bet we don’t get MAYBE anything till April? I’ll leave the sub forever. If I’m right you gotta cash app 1$ to everyone in this thread (not sub) so like max $182 bucks.

racer150

It’s called mosaic theory, CFA Level I, you should read about it.

Competitive-Ant2876

They will never be able to compete at scale. They are a “smaller” operator but do very well in the couple states they are in. This is talked about a great deal on water tower research podcast, oddly enough he said the same thing about a CFA friend liking it. lol.

Many_Easy

GRUSF (Grown Rogue) is a favorite cannabis stock from my CFA friend.

Emma_4_7

Unique seeing CFA-based frameworks adapted to crypto.

TheCuriousBread

Don't waste time with books and videos. Just take the Investment Foundation course from the CFA institute. https://www.cfainstitute.org/programs/investment-foundations-certificate Learn from THE school of finance.

SidonyD

Franc CFA I guess.

ReceptionFantastic25

Yes, he’s one of the most, if not the most, well known individuals that covers CFA materials across all 3 levels. Extensive knowledge in academia and industry.

HistorianSwimming291

You’re in wall street bets … the only answer is to YOLO ODTE calls on SPY and then post the result. If you want more conservative answers, you should go to the dividend sub. In all seriousness, if you’re unsure and want to get off to a good start with it, a financial advisor (A firm with a CFA on staff) can help you blend risk and max returns vs taxes. If you’re not going to manage it daily, putting it with someone that will manage it as part of a larger position may work for you.

Hypsar

Definitely. A senior financial planner/advisor will likely be a CFP while an analyst will likely be a CFA, two quite different certifications. And while neither are a walk in the park, CFA is quite a bit more challenging to get.

Fragrant_Western4730

Haven’t joined but reading their Trustpilot page and seeing employee reviews on Glassdoor made me genuinely curious. The CFA credentials add some weight.

Riccardo_Moretti

CFA principles applied to crypto.. that's all u need to know.

sleal

Not really, you don't even get a side and drink with it. I can get a large CFA combo for a dollar cheaper than the entree at Chipotle

False_Can_5089

It's not just being affordable,  but also providing good service. When you go to CFA, you're in and out despite how long the line is. With Chipotle, you either sit in line for 20 minutes watching then make online orders, or you order online, but it's not ready until 30 minutes after they said it would be. I would go there if I could just get a fucking Burrito in under 10 minutes.

poorat8686

You’re losing it bud, this fact is gonna send you over the edge, I’m gonna go buy Starbucks coffee for lunch today WITHOUT a CFA, because I’m green today and have $3

poorat8686

Buddy you have a CFA, you went to business school. You can keep being salty and calling me stupid but at the end of the day you’re a chipotle bag holder and that will forever be the funnier and more insulting than anything you can say to me. It’s even funnier because you have a CFA lmao. I’d just take a lap here if I were you.

bitorontoguy

I...never said I went to business school. You...don't know what the CFA designation is either? Maybe it can go lower.

Keltic268

It is a quality control issue, I always compare companies to Chickfila, statistically it’s easier to get into an Ivy League school than it is to become a CFA Owner/Operator. They only add a new store when a new operator has completed training. As a result they’ve been very slow to expand across the US despite their popularity. Also they hold a lot of cash and don’t have much of any debt - LTV is like .1 or .2. Chick-fil-A has been in franchise business for twice as long as Chipotle yet Chipotle has 800 more stores.

poorat8686

Okay I’ll try to learn: Step 1 - Learn about stocks and business from a very serious business school ✅ Step 2 - Earn CFA Step 3 - Become a Chipotle baggy I should do this? Hey buddy congrats on the esteemed title, not the CFA, the new title you got today which is “long term investor”

bitorontoguy

Have a good one man. My CFA means I can afford to eat at Chili's or Chipotle if I want to today. I....obviously won't. I eat real food with my family instead. But it could be you too. You just gotta learn how it works, it's not so hard. It's really not so hard to learn it. How it works.

hellreddit394748

I will never understand why people invest in IREN or APLD over GLXY unless you are just trying to ride hype. IREN and APLD are both horrible compared to GLXY. Ask any CPA or CFA and 100% of them will say GLXY is the best company and it’s not even close.

Ok-South-9597

Here is a recent article by the CFA institute studing this exact question (top 10 or all 500), looking back across history, with a particular focus on 'times like this'. https://blogs.cfainstitute.org/investor/2025/04/02/market-concentration-and-lost-decades/ They conclude you will get worse returns and deeper drawdowns, and have a chance of a 'lost decade'. Figure 8: Top 10 equal weight 2000-2010 - minus 7%/year Bottom 490 equal weight 2000-2010 - +2.6% / year

Ordinary_While_5433

Following WSB has been more influential to my investment career than a CFA, especially in teaching me what NOT to do

ILoveWesternCenter

Every time I go to CFA and they say “my pleasure” I cream

Chad_Permabull_GOD

Dr Mohamed A. El-Erian, PhD, CFA, ex-PIMCO CIO, ex-Cambridge, ex-IMF, has said: The AI bubble is rational

pateyhfx

All my homies love Dr Mohamed A. El-Erian (PhD, CFA, ex-PIMCO CIO, ex-Cambridge, ex-IMF)

Frequent_Optimist

I always listen to Dr Mohamed A. El-Erian (PhD, CFA, ex-PIMCO CIO, ex-Cambridge, ex-IMF) for all my investing moves.

Chad_Permabull_GOD

**Dr Mohamed A. El-Erian, PhD, CFA, ex-PIMCO CIO, ex-Cambridge, ex-IMF, has said:** **The AI bubble is rational**

Chad_Permabull_GOD

**Dr Mohamed A. El-Erian, PhD, CFA, ex-PIMCO CIO, ex-Cambridge, ex-IMF, has said:** **The AI bubble is rational**

i80west

I retired in 2018 and paid a CFA advisor $600 to look at all my income and investment account balances and tell me if my investments were well set up well. He gave me some tips and a written report and we were done. It was useful. I've never used an investment advisor who charges a recurring percent of my assets.

InfamousShow8540

I'm in an adjacent boat. Already retired and have $800k of $NVDA $ $175 of $AAPL. I can't convince my wife to offload some of. But we do have bigger chunks in both $UOPIX for appreciation but no income and $QQQI for 14% dividend income paid monthly that we DRIP w/some appreciation. $UOPIX in taxable acct and $QQQI in IRA. Be aware that stock sales can impact your SS tax rate and your Medicare premiums. It's a difficult 3-legged stool balancing act. Definitely talk to your CPA/CFA& Medicare agent.

TheGayestScholar

Basically want Im asking is will a service to speak to a CFA at a business like Vanguard charge a customer 0.3% for what in in their Vanguard accounts or will they also ask for the value of your property and other assets to add a fee, because I would't want to pay 0.3% for my property value

Breathofdmt

Sure, in regards to the OP question you're right. I just built a platform for options visualisation tailored for futures traders. Greeks are very useful for trading futures, figuring out levels, what kind of environment the underlying asset is in, what's happening with the VIX, correlated instruments etc-- I have several months of records online of figuring out tick highs and lows for the futures market. Having witnessed this myself I think it's basically necessary to analyze 0dte-7dte for trading futures intraday I made a full options platform and only have CFA, MA Econ and 5yrs in the industry designing swap portfolios mostly, I'm not a quant and I think that's a moniker people give themselves to sound credible. Fair enough if you're employed by an asset manager or hedge fund. You just need to know Black Scholes in some detail Not trying to start an argument BTW - - my only point was that building a full options platform was a bigger task than I initially thought. But it is doable. If anyone wants to check it out for free in exchange for detailed feedback shoot me a DM. It doesn't have the live tape though so not relevant for the OP.

skylorelding

I love to shit on TA. But I don’t ignore that every fucking investment firm out there employ CMTs. But I also know that they are actually not regarded people playing with crayons and at least have finance degrees, CFA certificates and shit.

NefariousnessNo9643

NEW GUYS ----> Najarian brothers books. They wrote 2, if on budget get at least the newest one. Easy to understand and while they dumb it down for cnbc crowd on tv, the books themselves cover important territory. Andrew Keenes book is good too for newbs. Whatever happen to that guy anayways. I liked his energy in chicago pits You can also do all courses on OIC, CBOE, and OCC. Google search it, i watched all the videos and passed all the exams/quizzes yrs ago. Pretty sure it was all free. Do the very good courses free at TASTY trade learning center. Do both beginners & advanced. I highly recommend this. Overby - option playbook. 90% visuals and payoff diags but damn he crushed this book. I feel like this is a must own. Get hardcover Option alpha - free videos and courses IBKR campus - go to traders academy courses - free videos and quizzes Bloomberg market concepts - its a low cost course/ it has a decent section on options. If i ran a capital markets 101 class, I would make all freshmen do this before day 1. Just FYI Sang lucci - he was more active back in the day and his old you tube videos from 2013-15 on order flow sweeps and ATM weeklies on fangs are fun as heck to watch. I like his focus on tape and bc he was trained as a prop trader, he has good fun read on mkt microstructure. Think or swim/TDAM - free videos, covers need to knows @ learning center CME institute - free "all about options" course @ their learn center MID LEVEL ----> Spina/Sosnoff - tom a goat and chicago legend; concise book and zero fluff Mcmillan - get 5th edition of strategic investments. Consensus bible and weighs more than a cinderblock Natenberg - perennial favorite Hull - goat but dense ADVANCED/OTHER ANGLES ----> Mcmillan on options The option edge - very academic, but has its moments where it really loops in everyday stuff, like market makers and why Berkshire sells OTM puts. Content good - problem is they printed only paperback size 5 font so its basically unreadable without a magnifying glass. Podcasts - ally options playbook is the best (apple, spotify) Colin bennett - trading volatility / cool stuff in here that is not found elsewhere Jeff augen - he wrote 3 gems, all on amazon Trading option greeks - dan parsanelli. Well-scoped book How to Calculate option prices and their greeks - Ursone Intrinsic - mike yuen. Entire book about leaps on tech names during a bull cycle. For practical purposes, ch 5-10 are good and in plain language cover his actual trades; those looking for an actual trader perspective might enjoy this. Intelligent option investor - takes a value investor approach, covers lot of ground/key concepts Taleb - dynamic hedging - hard to find book / deep practical philosophical. This dude is smart!! Sinclair - he has 3 books i have yet to read BEAST MODE/FINAL THOUGHTS --> regarding exams...consider the CFA FRM CMT CFP CAIA CIPM CTP exams. All levels of all these exams touch the subject in some form or another. The first 2 treat it far more rigorously. CTP way too light a treatment, unfortunately. CMT focuses lot on vix. CFP covered the meat and potatoes better than i expected. Should you want the journal entries for how companies book stock comp/option awards, becker CPA far books really cover the must-knows. Pursue MBA - most top programs default to hull in the derivatives class & authors that both the FRM/CFA base their actual exams on. Adding this in case someone is looking at bschool/MSF down the road. Lastly, if looking for a gift idea or curious what it was like on the floor years ago, "trading pit hand signals" by carlson is one sweet as fk coffee-table book. Its true, the traders have seperate gestures for straddles and strangles. Best of luck! **quick update 4Q24 -** I realized CBOE has a free option calculator, it can be very useful during earnings season to adj theoretical price with different IV assumptions. OIC has one too. but i like the cboe one's simplicity - just an FYI!

sovlex

Put your money on bank deposit and go get first stage CFA. Do not invest anything anywhere till you get it.

AndreLinoge55

Having flashbacks from the CFA curriculum

Fork-in-the-eye

POET chart appears to be pointing upwards. Now of my CFA taught me anything it’s that up=good=buy

Secure-Fly6213

I'M SAYING. Also, you passed your CFA?? That's so impressive. Everyone who I know that's taken says it's unbearable...

One-Yard9754

That is interesting. I would expect they would have some consulting guys with CBV/CFA backgrounds advising them too…Ben targeting some small private companies?

Vegetable-Bug-9779

I've been there. 20k is not so much money, take it as paying for valuable experience. Making money with it would be a worse outcome as you would now be overconfident you can control the options casino without having proper knowledge and experience. Here is what you could do from now on to improve your situation. 1. You could start investing in index ETF - SPY/QQQ or another broad index. This does not require investment analysis knowledge and decision making. Historically those indices have been growing >10% compounding in the last decades. The only thing you need to understand is that this is a long term strategy, meaning you could make money after years and decades instead of days and months. Which is fine. 2. Investment discipline. Here is what I do: Every month when I receive my salary I plan and optimize my expenses. Let's if I have $3000 salary and $2500 expenses. In the day I receive my salary I would immediately invest the $500 and spend after that. If I spent only 2200 I would invest the other $300 that left. This is a very effective way to build wealth on low income. 3.Educate yourself. If you have started with options you are obviously interested in investing. Start learning casually in YouTube. Here are some topics - rule of 72 and the power of compounding, how to read earnings report, how to read macro events like interest rate or unemployment change. Start checking different creators and how they do stock analysis, remember to check ck different sources, not just one. If you continue to be interested you could look into CFA certificate and pursue a career in the field. Again, what happened to you is not necessary a bad thing. It is na expensive lesson that will remind you of options. Been there, done that. Good luck!

sportingpool

when one Matthew Friedman, a CFA at a sell side house, is quoted to explain stock prices, you know what you are in for. rddt shouldnt be fooled, and not buckle in negotiations. its more valuable than all these silly randomly guessing bots combined. the price for openai accessing reddit data should go up now, to include a penalty for this head fake

sportingpool

when Matthew Friedman, a CFA at a sell side house, is quoted to explain stock prices, you know what you are in for. rddt shouldnt be fooled, and not buckle in negotiations. its more valuable than all these silly randomly guessing bots combined. the price for openai should go up now, to include a penalty for this silly head fake

Happy_Discussion_536

>AI can now pass the hardest level of the CFA exam in a matter of minutes. I know CFA's are not very smart but still bullish lol.

throwawayfinancebro1

Passed sie, series 7, 63, 86, 87, and am a CFA level 3 candidate. You pretty much need a phd to be competitive as a biotech analyst. For pretty much any other area of healthcare it’s not necessary but can definitely help. I’m not exactly sure what you mean human based science background, do you mean kinesiology or something? By far the most important thing for a new junior analyst is work ethic. By far.

ck1p2

I’m a PhD candidate in Pharmacology in the last year of my dissertation work. I’ve just taken the level II CFA exam and my goal throughout my PhD has been to get into a biotech/biopharma equity research role. I’ve been trying to improve my financial modeling skills on my own, but I find it difficult to translate some of what I’ve learned in the basic modeling practical skills module in the CFA program into a biotech context. Particularly for the company I’m interested in which is pre-revenue. Do you have any advice for improving my modeling skills in this context specifically?

AroundtheTownz

What degree(s) and certifications (like a CFA) do you have? Regarding your point on: >We also know all their products incredibly in depth I have a finance degree and a biomedical science degree. Do you think having a (human based) science background makes an analyst better at understanding the health care space in an investment context thus making them are more "ideal" candidate?

throwawayfinancebro1

Liberal Arts degree from a decent but not great school. More importantly i passed the CFA level 2 prior to my first role with my current boss, who I’ve worked with at multiple banks together with.

reddituil

You are taking the **Chartered Financial Analyst (CFA)** exam. Please identify which behavioral biases the poster shows in their “Micron $175 call” DD: * **Conservatism** – refusing to update the thesis even when new earnings guidance contradicts it. * **Confirmation** – only citing tweets and bullish posts that say “MU to the moon,” ignoring analysts’ reports. * **Representativeness** – assuming Micron will moon just because another chip stock did once. * **Illusion of control** – acting like their call option somehow influences Micron’s share price. * **Hindsight** – claiming “it was obvious” Micron would rally after the fact. * **Anchoring & adjustment** – stuck on the $175 strike as if it magically reflects fair value. * **Mental accounting** – treating option premium like casino money, not real cash. * **Framing** – presenting losses as “cheap lottery tickets” instead of bad trades. * **Availability** – overweighting that one time Micron spiked, as if it’s the baseline outcome. And the emotional biases: * **Loss aversion** – refusing to sell the option because “it’s not a loss until you close.” * **Overconfidence** – believing their DD is sharper than every semiconductor analyst on Wall Street. * **Self-control** – or rather, the lack of it, buying weekly YOLO calls instead of long-term positions. * **Status quo** – holding the calls to expiry just because doing nothing feels easier. * **Endowment** – valuing their MU call far more than any other ticker’s option. * **Regret aversion** – the whole trade is just “I don’t want to miss the next NVDA-style rally.”

reddituil

You are taking the **Chartered Financial Analyst (CFA)** exam. Please answer: * Did the poster display **confirmation bias**, by only hunting for bullish tweets and ignoring financial statements? * Or was it **anchoring & adjustment**, because they latched onto a random $100 price target from a meme? * Could it be **availability bias**, since their entire thesis rests on remembering “that one time GME went brrrr”? * Maybe it’s just **overconfidence**, believing their three-paragraph DD is superior to Wall Street research? * Or perhaps **regret aversion**, where the whole post is really just “I don’t wanna miss the next rocket”?

throwawayfinancebro1

I’ve worked in the field for just under a decade, have passed the sie, series 7, 63, 86, 87 and am a CFA level 3 candidate.

blacklabel8829

I did some work with CFA and was at their corporate headquarters often for about a year. Every single person there was so far up their own ass about how great the company is. It legitimately felt like I was visiting a cult.