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Obtained the status of a qualified investor through an exam at NAUFOR
I am a pauper. I don't have $6 million in my account. And I'm not even a trader. No trading volume is required. I've usually only lost something in the summer in the last two years. In '22, I just started and bought. Sometimes there is a third way to become a qualified investor: pass an exam and get qualified. If someone wants to go that route, I can tell you how to shorten it. I don't know if I studied the document carefully last fall, but the "Basic FFMS Exam" seemed exactly like that. (Link, what is the basic exam - fsfrexams.ru/bazovyj-fsfr#rec562189743 Then I found on the NAUFOR website a list of specialties by which the qualification is assessed. Now it looks a little different. I will tell you more about this, but it is below. At that time, it seemed that the specialty "Security Management Specialist Level 6" would be the simplest requirement corresponding to the basic exam: It may seem that you will have to work in the financial sector, but this is not the case. When I asked by email, I was told that 1 year of experience in opening a brokerage account is enough (when registering for the exam later) I bought a broker's report (in fact, in the form of a training simulator) on quaal. ru for 1000 rubles. I bought it for an additional 1000 rubles and visited it only for informational purposes, and not for all topics.) But the basics began to bore. There are simulators: The Assessment Tool contains over 2,000 seemingly clear questions on the topics presented in the Assessment Tool (if you click the Examples button on the NAUFOR page above). I also read somewhere: Out of the corner of my eye, I glanced online and saw that the questions did not match. They say that all I can find is the 2015 FFMS exam, but everything has changed since then. However, since the topics are the same, I still found it useful. First, I looked through the chapters and analyzed the results. I only came across the wrong questions, and for months in the evenings I clicked, sometimes diligently, sometimes desperately, but on average I knew nothing and could immediately - use everyday logic. I answered about half the questions correctly, but the test conditions require 80% correct answers. By the spring, I achieved this (about 90) and signed up for the exam. A third requirement appeared (excluding higher education and brokerage accounts) - what documents are there on higher education or professional retraining. On their courses. And they said that without the subject it is impossible to pass DM (trust management, the specialty I applied for) and BD (brokerage business). And there are no questions in the public domain. However, they offered to sign me up for another exam called "Junior Financial Consultant". It is the easiest. And my goal is to get a qualification, I took the exam online, the cost is 9900 rubles. You need an empty room and a clean table. It shows everything. When you turn the laptop and launch the test page, a window will appear about providing access to the PC desktop.You must agree and the examiner will monitor you so that you do not switch anywhere. Open Notepad and open Calculator). If unnecessary sounds are emitted, the test page will be blocked. (If someone wants to hack this course, think about it, but I honestly passed 40 questions.) Of these, 10 are allowed (the default error is 80/16). Of the 2 tasks, one is the easiest, the second is more difficult (done on the same day in the personal account of NAUFOR). - 27 out of 40 are correct. But 13 of them were wrong. To count 3 of the same type. There is also a simple formula: The error is that the quantile of the probability integral is taken with an accuracy of three decimal places (too smart). But it should have been 2 (the machine test and the results were stupidly contradictory). . I am a Pythonist, so I will say the following. This value is generated by the scipy.special.ndtri function. I could have won the appeal or passed the questions using only the basic course simulator. I failed the simplest task. Calculate the profitability of an apartment. (Income - Expenses) / Expenses. I accidentally put a + there. It was so embarrassing that an appeal was out of the question. I signed up right away. The second time I answered 3 questions incorrectly, and I also answered the second question incorrectly. They sent it back without a detailed explanation. There was one subtle difference in its condition that initially puzzled me. The condition represents the value "". I know a little about Terver and mathematical statistics and have heard of the covariance and correlation coefficients. If we accept that this is covariance, then the parameters in question are meaningless. Changed everything to 0.01% (as if it did not exist, i.e. =0). Even Warren Buffett does not predict future profitability with such accuracy. I thought it was the correlation coefficient. With the specified values, the task looked good. But now I have already written an appeal, setting out all the considerations regarding the timing and appropriateness of the values. The postal address was specified and a paper letter was sent. And this is not NAUFOR, but the appeal commission of the Association of Financial Market Participants. After waiting more than a month, I asked how the review was going. They did not receive anything (strange), and then the appeal lasted 2 months. They agreed that the term "covariance coefficient" is not widely used, but refused to satisfy this requirement. They wrote: "Intentionally unnecessary work has been done in this matter." Then I decided that there were only two of them, since both the first and second time I found the same problem. , others had no problems at all. One is the easiest, the second is designed to calculate the correlation coefficient. However, questions continue to arise. So, there was only one mistake. The certificate was ready in about 10 days and delivered by courier. I sent it to the broker and immediately received the completed text of the application for signature (transforming me into the status of a qualified investor) to my personal account. So, here are some tips for those,who wants it. Follow this path: 1) Buy a simulator for 1000. It is useful. 2) At the end of the document there are "examples" from the NAUFOR website. A list of regulatory documents used in their preparation. It is necessary to reread from time to time. Several times 3) Some questions come directly from the "examples", so study them. 4) Do not confuse + and - 5) Take the quantile of the probability integral with an accuracy of 2 decimal places. 6) From two random variables Formula for the correlation coefficient and variance of the weighted sum of two random variables Perhaps - NAUFOR has a course for financial consultants - I thought, I saw it in the spring, but I can't find it now. I would give a link. It is better to ask by letter. If you have a letter, it will tell you specifically about your mission. And you do not need to waste time on simulators. There are very few questions, and they are constantly repeated, so you will pass the exam 100% on the third try, and not on the second, like me. Without any prior research, the problem will be the same as on the first page: Good luck. I bought the book Options, Futures, and Other Derivatives by P.S. Hull. There is no PPS Telegram channel, no Zen.Futures, and other derivatives. There is no PPS Telegram channel, no Zen.Futures, and other derivatives. There is no PPS Telegram channel, no Zen.