[ramraj07]

It’s interesting that OP living in a midtown apartment thought a 195 dollar Kaplan subscription is too much money and skimped on it while spending a lot of their time (wasting) on subpar material. Doesn’t exactly bode well for good investment acumen does it.

[gregshap]

The author said they were in college. In their defense its not uncommon to have loans or parent funding for the expensive apartment, but limited discretionary income and limited ability get money from the 'college' bucket to the discretionary bucket.

[vineyardmike]

> limited discretionary income and limited ability get money from the 'college' bucket to the discretionary bucket

He did say he was funding college from a margin loan on his stock portfolio, however.

[gregshap]

Ha, didn't read that part. I wanted to attest to the experience of being a low budget student in a high cost-of-living city. The author might not necessarily be that!

[vineyardmike]

He does go to school at UCLA, and said he was in NYC for the test, so he may be just a frequent traveler to high COL areas.

[fsckboy]

> living in a midtown apartment

he said he lived in the east village, took the test in midtown

[diab0lic]

They do admit that mistake and adjusted their viewpoint in the article.

[Arcuru]

Yes, but only after they pirated it, admitted to doing so in a front page Hacker News article, and then suggested other people do so too.

Do you think tech startups really want an investor who advises people to pirate software?

[JamesBarney]

I imagine that consideration is very far down the totem pole of things companies care about their investors.

[ramraj07]

You realize Sean F’ing Parker the king of piracy is now a legit investor? And one of the big bad guys at that?

[FateOfNations]

This seems closer to a "sharing your Netflix password with someone outside your household" issue...

[fsckboy]

to be fair, the Kaplan materials were particularly good at teaching him about the securities laws and compliance section of the exam :)

his stated goal was not to be an investment advisor though, it was to be able to invest himself