Series 66 Exam Shared Screen Practice Test FREE Ride Along. Hit pause, answer, hit play. скачать в хорошем качестве

Series 66 Exam Shared Screen Practice Test FREE Ride Along. Hit pause, answer, hit play.

Quick recap In this tutoring session, Dean and Jessica reviewed and practiced questions for the Series 66 exam, covering various financial and regulatory concepts related to investments, securities, and advisor practices. They discussed key topics including annuities, environmental impacts, investment styles, and regulatory requirements, with Jessica demonstrating her understanding while Dean provided guidance and encouragement. The session concluded with a focus on exam preparation strategies, including the importance of understanding regulatory concepts, taking breaks during exams, and utilizing available practice material Summary Series 66 Exam Practice Review Dean and Jessica conducted a practice test for the Series 66 exam, focusing on various financial and regulatory concepts. They discussed questions related to variable annuities, environmental impacts, investment styles, and securities regulations. Jessica demonstrated her understanding of these topics, and both participants shared insights and corrected each other where necessary. They agreed to record the session for future reference, but Dean realized he had forgotten to start recording initially. Securities and Ratio Discussion Review Dean and Jessica reviewed and discussed 11 previously answered test questions, including topics on variable annuities, environmental considerations in investing, and the Uniform Securities Act. They emphasized the importance of avoiding certain terms like "approve" and "guarantee" in securities discussions. They then moved on to question 12, which asked about the quick ratio and current ratio for a manufacturing company. Jessica correctly explained the difference between the two ratios, noting that the quick ratio excludes inventory, making it a lower number than the current ratio. Dean agreed with Jessica's explanation and criticized the question's wording as potentially confusing. Financial Concepts and Investment Review Dean and Jessica reviewed various financial concepts and test questions, focusing on topics such as investment advisors, 529 plans, and mutual fund returns. They clarified the differences between broker-dealers and investment advisors, discussed the advantages of 529 plans over Coverdale accounts, and addressed questions about financial aid, registration exemptions, and investment strategies. Jessica demonstrated understanding of key concepts, including the correct answers to questions about net worth requirements, market analyst recommendations, and the taxation of REIT distributions. Investment Taxation and Advisor Requirements Jessica and Dean discussed various aspects of investment taxation, including the taxation of dividends and capital gains, and the characteristics of REITs. They clarified that capital gains from selling real estate are taxed as long-term capital gains, while dividends are taxed as ordinary income. They also covered the requirements for investment advisors to measure assets under management and the importance of disclosing compensation to clients. Additionally, they discussed the Uniform Transfer to Minors Act, emphasizing the characteristics of custodial accounts and the need for a minor's tax ID for account setup. Finance and Investment Concepts Review Jessica and Dean reviewed and discussed various questions and concepts related to finance, investment, and securities, including topics like correlation in real estate and the stock market, diversification, material non-public information, and the Uniform Securities Act. They clarified concepts, identified correct answers to questions, and emphasized practical approaches to problem-solving, such as using "dead reckoning" to avoid complex calculations. They also discussed the importance of understanding regulatory requirements and ethical considerations in investment practices. Investment Advisor Ethics Discussion Dean and Jessica engaged in a discussion about investment advisor ethics, technical analysis, and fundamental analysis. They reviewed various scenarios and questions related to these topics, with Jessica demonstrating a good understanding but making some mistakes, particularly regarding the distinction between technical and fundamental analysis. Dean shared a story about a past experience with a student who questioned the accuracy of a practice exam, emphasizing the importance of fiduciary responsibility in the securities industry. Financial Concepts and Test Preparation Jessica and Dean discussed various financial and securities-related concepts, focusing on terminology, definitions, and test questions. Jessica expressed self-doubt but received reassurance from Dean, who emphasized her knowledge and encouraged her to trust her instincts. They clarified definitions for terms like "principal," "broker-dealer," "hypothecation," and "blue chip," and discussed scenarios involving annuities, discretionary powers, and investment styles.