Starting with a fully invested A-share portfolio to become a capital...

Chapter 57 The Joker is a True God
After continuous screening, 154 retail investors were admitted to the VIP research report group, compared to 429 people in the free exchange group. The ratio was approximately 3 to 1, which is a perfectly acceptable result.

In the VIP research report group, Zhang Yang did not set a mute function. In order to further gain trust, he posted a picture of his CFA Level 1 exam score sheet, in which he answered 235 out of 240 questions correctly, achieving a 97.92% accuracy rate.

What is the CFA exam?

The CFA exam, known as the Chartered Financial Analyst exam in China, is one of the most authoritative professional certifications in the global financial investment field. It is awarded by the CFA Institute in the United States, and its knowledge system and professional standards are recognized by more than 170 countries, with members in 159 countries around the world.

Leading financial institutions such as Goldman Sachs, Morgan Stanley, and BlackRock consider holding a CFA charter as a mandatory entry requirement.

In China, as long as you have the CFA certificate, major investment banks and financial institutions will treat you as a VIP.

Such a prestigious certificate is naturally difficult to obtain.

It consists of three exams. The first exam can be taken in the senior year of college. It has 240 questions and covers more than 10 basic finance courses. It is a test of theoretical knowledge.

The second exam focuses on case analysis, emphasizing asset valuation, such as stock, fixed income, derivatives pricing, and the practical application of investment instruments. Candidates are required to conduct in-depth analysis based on market data.

The third exam focuses on portfolio management and wealth planning, including behavioral finance, asset allocation, and performance evaluation. It also requires candidates to demonstrate their practical skills through real-world case studies.

Only those who pass all three exams can apply to the CFA Institute for a certificate.

Although Zhang Yang only has a Grade 1 transcript, that's enough to be included in his resume and become a highlight.

Some group members with a basic understanding of finance thought they were seeing things when they saw Zhang Yang's report card. They rubbed their eyes and looked at it again, and were immediately amazed.

[Fishing Guy Doesn't Go Home]: 240 questions, 235 answered correctly, is that even possible? This is the CFA exam!
[White Sanctuary]: I originally joined the group to pay to watch the fun, but right now all I want to say is Joker is awesome, I'm in awe!
[Wind Howling]: If you don't understand, just ask. Is this a really impressive achievement?

[Pink Puppy]: It's not just awesome, it's absolutely incredible! If this transcript is real, he'll almost certainly pass the Level 2 and Level 3 exams. With the CFA certificate, he can go to Wall Street or stay in Beijing, Shanghai, or Guangzhou. The only hardship he'll have to endure in his life is probably eating iced Americanos.

As the group messages kept popping up, Zhang Yang posted his FRM Level 1 exam results.

Unlike the CFA, the FRM certification focuses on risk management and is the most authoritative professional certification in the global financial risk management field, awarded by the Global Association of Risk Professionals (GARP).

To obtain the certificate, you need to take two exams. The first exam includes four core subjects: Risk Management Fundamentals, Quantitative Analysis, Financial Markets and Products, and Valuation and Risk Models. It consists of 100 multiple-choice questions and is of medium to high difficulty.

The release of FRM exam results images has stirred up the VIP study report group once again.

[Sugar Baby]: Wow! I answered 98 FRM questions correctly! This is incredible...

[White Sanctuary]: I was half convinced before, but now I'm truly convinced. CFA+FRM top-level certification, who exactly is Joker?

[Fan Puppy]: I worship Joker the great god! I worship, I worship, I worship, I worship!

A CFA score only proves that Zhang Yang has excellent investment ability, but if he has both CFA and FRM, he is an all-rounder with both investment and risk resistance capabilities.

What does a certificate represent?
The most direct proof of ability!
This is similar to a company job fair where the phrase "Bachelor's degree or above only" eliminates a large number of job seekers who do not hold a bachelor's degree.

Some might argue that there are outstanding individuals among those who graduated from junior college, high school, or even junior high school, and they are no less capable than undergraduates.

The problem is, who will bear the time cost of identifying talent?

Academic qualifications don't represent everything, but they are the most direct proof of ability.

If you were a business owner, would you rather spend time selecting suitable talent from among those with associate degrees, high school diplomas, and junior high school diplomas, or from among those with bachelor's degrees?
no doubt!

Most people will choose undergraduate studies!

……

After Zhang Yang posted his CFA and FRM exam results, not only did group members immediately share them in the discussion group, but some also wanted to add him as a QQ friend. Some hesitant group members, fearing they might encounter scammers, rushed to join the VIP study report group after seeing Zhang Yang's CFA and FRM exam results, worried that the requirements might be raised in the future.

His CFA and FRM Level 1 exam scores, along with the daily trading strategies he shared over the past ten days, have established his reputation as a trading guru.

Seeing that the time was ripe, Zhang Yang typed: "Everyone has seen the group announcement. The subscription fee for the market research report is 90 yuan per month. A minimum of four reports must be produced each month. The bank account for payment is 6217...389."

"Please remember to include your QQ number in the transfer notes. As of tomorrow's market close, I will temporarily remove those who have not subscribed from the VIP research report group. Thank you for your cooperation."

After sending the message, Zhang Yang immediately closed the research report group and adjusted the friend verification settings to reject all friend requests.

Zhang Yang only treated the fans who joined the group as customers and did not want them to pry into his life too much.

……

Since he was going to Hangzhou with Tao Yuang the next day, Zhang Yang closed his laptop and started looking for suitable clothes.

After searching through the closet, all I found was a cheap, plain black suit. The fabric was so soft that it looked like it cost no more than 100 yuan, and it didn't fit well either, clearly indicating that it had been sitting there for a long time.

For the average college student, everyday outfits are nothing more than T-shirts in summer and black down jackets in winter. For more formal occasions, they might wear plaid shirts or white shirts.

However, for those working in the financial sector, a suit jacket and white shirt are essential, as they are a sign of maturity and composure, and also a stereotype.

Just like salespeople in 4S stores, they always seem to lack a sense of professionalism if they don't wear suits.

Whether it's wearing a suit and tie or other types of clothing, the essence is to highlight one's current status.

"Looks like I need to get a suit."

Zhang Yang murmured to himself.

Whether you're going to be running a business in the future or taking graduation photos, wearing a suitable suit is a sign of respect for your profession.

After selecting a decent gray plaid short-sleeved shirt and black trousers, Zhang Yang hung them on the upper bunk railing and put the rest of his clothes back in the closet.

Having just finished a dungeon run, Chen Chuan looked at Zhang Yang's clothes hanging up and couldn't help but ask, "Is the dorm leader going out tomorrow?"

"Going on a date?"

"Dating who?"

Wang Liu and Xu Jiafeng asked in turn.

"It's not a date, I'm going to Hangzhou to meet a friend." Zhang Yang lied, not saying that he and Tao Yuang were going to find a margin trading company.

"Male and female?"

Chen Chuan pressed for an answer.

"It's a guy, how about I introduce you to him?" Zhang Yang asked with a faint smile.

"I don't care about men, I'm not gay. But if it's a woman, I really need it and don't want to be single anymore."

Before Zhang Yang could even speak after Chen Chuan finished speaking, Wang Liu chimed in, "You really need to find a girlfriend. There's a pile of tissues in the trash can. I don't know what you're doing all day."

"A loving father's thread in his hand, a traveler's clothes on his back—I hope you'll never understand this saying." Chen Chuan raised an eyebrow, giving him a knowing look.

(End of this chapter)