Dean I passed my s7 today third total try, first try at my newest firm. Felt it was make or break for me. This video on Mutual Funds was amazing and a big reason why the entire chapter was huge on my draw. Thanks for all u do I can’t thank you enough!!! I hope to let ppl out there on their third try or that got let go know to never give up!
Kudos on passing your Series 7 exam!! Wasn't sure what to expect when I started this channel this year. As of just now 126,591 views and over 2,000 subscribers. On pace to be close to 200,000 views and 3,000 subscribers by the end of the year. Exceeded my expectations for sure. Very gratifying to be able to help so many test takers, like yourself.
Dean, I have ADHD and have been studying for the SIE since January (it’s June now.) I have repeated my studies over and over again through training consultants just feeling so dumb and defeated. I just simply couldn’t absorb the information or understand how it applied to practical use. Granted, I have been working for a financial advisor for over 5 years and I’d argue I’m pretty dang good at my job, so this was so confusing to me. Well, I started watching your videos a couple weeks ago and suddenly I’m Acing every practice test I am taking and I’m genuinely interested in the material now. It’s also making my job that much more fulfilling. So thank you so much, I finally don’t feel like crying out of frustration everyday.
I cannot thank you enough for all these videos. It truly breaks everything down for me to grasp and understand. I’m pretty sure everyone in my house can recognize your voice now. 😂
Really struggling to get into the series 7 material. I have my 6 and 63, gotta get my 7 early next year. STC stuff has been so hard to get into, I’m going to watch all of these videos, then go back to the STC stuff, then come back to this, etc. Dean is amazing!
Very testable- how the bonds impact the NAV! I missed the mark Dean. I am going through all this content again and now understanding a lot of the things I was confused about. Very good clarification on this concept. 30 days and I go again.
Kudos on your first testing victory! What's is the next leg of your testing journey? Always very gratifying when my content contributes to test taking victories like yours.
@@Series7Guru failed the SIE the first time before I found your page passed my 65 about two weeks ago and just passed my SIE retake a few days ago and now I’m studying to take my 63
Final review now for my 7; sitting this Friday morning for it. The minute I finish the exam, I’m going to imagine that little musical ditty at the end of each of your videos… Hopefully it follows a “pass” result!
@@Series7Guru Really appreciate it, Dean! Yes indeed, lots of performance opportunities here. I’ve done 11 weighted practice tests now and suitability and these investment vehicles are consistently prevalent throughout!
@@Series7Guru Update: I did pass and am moving right on to the 66! Getting right to the lecture videos as well, ready to do more learning! Thanks as always, Dean.
2: questions-1 comment. First thank you Dean for the content and time you invest in these. My first question, on a tax free muni fund, are those taxable? Which leads me to a question, do you have a video on taxable things-if its heavily tested or not? My comment, is, whenever you have time, if you have not already, a video combining suitability, different types of risks, and prohibited practices would be great.
@@Series7Guru Jst purchased KAPLAN. They gave me the replay from your last class and they gave me 15% off. I did mention you in my chat when I ordered. Thanks!
Hi Dean, just want to confirm- the Class A dont have redemption fee but share B and C might? Also, is there a cut off time to get the forward pricing? For example if investor called RR in the morning will get that day NAV but what if they called at 6:00PM? Thank you.
How can I donate? I’ve used Kaplan’s study material, exam FX, and others, but I still find myself only watching your RUclips videos over and over. May be the most helpful study tools I have and I am very thankful. Is there anyway I can donate?
(This guy did this and then that other guy said that ) ...what follows is SOME REALLY PHENOMENAL INFO AND TIPS ( and then after she said that I told her this....and they asked me: - Dean what do you think about.... ) Without the ranting this could have been a 25 min video. Although I wish that you would stick to the point I appreciate and thank you for all the time you spend for publishing videos.
Not sure what to make of this. Good news and bad news. The good news is I am who I am. The bad news is I am who I am. You get what you pay for. And users of my channel pay? If I rant too much good news for you there are other videos and other channels.
@@Series7Guru Your Series 7 tips and tricks was straight to the point, no ranting, and it is the most popular video on your channel. If you added an extra 50 min of ranting in my modest opinion it would not be as popular. Please do not take offense. I am aware that you are providing ton of free and valuable content. Thank you very much for that.
@@singleman805 I shouldn't be even responding to this but i find the stories help cement the concept. Best one was his car story about options. Until then i didn't understand why anyone would do anything with a put. Once i understood that options became functional in my head. The test is just a few hours of your life but his stories give a real world application for the next chapter.
Dean. My vendor’s test prep content states that the breakpoint amounts are set by FINRA and provide the amounts and respective sales charge - I am wondering if we are responsible for memorizing these amounts (along with the amounts provided for 12b-1 fees) or it is something given from the test questions. Thanks
No. FINRA rules state that a fund charging 8 1/2 % must offer brsakpoints by rule a " full service fund" . 6 1/4 % by rule " a scaled down fund". NOT TESTABLE.
Is an ETF a closed or open end fund? Google gives me a few different answers, if I had to guess I'd say closed, since you can't redeem them, but they are continuously creating or redeeming new shares to the authorized participant?
Hey Dean!! I have test Friday, I have using Pass Perfect has advised by my firm. I been scoring in the 50s and recently received my highest score at 67. How would you encourage me to study for Friday?
Mutual funds do not pay interest. Mutual funds pay dividends. Those dividends could be the flow through of interest on bonds in the mutual fund's portfolio. Those dividends are taxable UNLESS the dividends are from municipal bonds.
no worries i did it old school and wrote it out, thank you this was an excellent lesson that cleared up a lot of confusion i was having on mutual funds.
@@Series7Guru thank you Dean! I’ve shared your videos with some trainees at TD. The Oct 2021 class loves your videos. We take our 7 Friday. The suitability explication on top of the Kaplan explanation has helped a tremendous deal. Training Consultants is what our firm uses and I wish they hit suitability a little more than they do
@@chrisbarnhart8595 sending good test vibes to your class. Every Tuesday I do an upload premiere with live Q&A chat. That is tomorrow 2:45 PM PT. Feel free to join me.
@@Series7Guru Dean! My entire class passed and I literally cannot thank you enough for your videos on here. I will continue to share and rep you!!!! These videos helped an incredible amount!!!!!!
In terms of forward pricing. If it's 1/5 at 1PM, and I buy a mutual fund share, am I buying at yesterday's NAV or am I waiting for the NAV price that is going to be calculated at the end of 1/5 day?
T+2 is for secondary transactions in the secondary market. Open end mutual funds are not secondary transactions. They are primary transactions. What I said is an open end mutual fund must meet a redemption request in 7 days. That redemption is not a secondary transaction. You are doing business directly with the fund.
hi Dean , how can i get my scores go up to 85-90% on Passperfect .. i am having the hard time. need your advice please? my firm will not schedule my exam date lol :(
Lots of time and effort. Just had someone get a 67% on a PassPerfect final today. Testing tomorrow. Still think he will pass. PassPer4feect is .........
@@Series7Guru it makes me feel like i dont know nothing :( very discouraging but i will have to do it and will pass . keep watching your lectures. Thank you Dean!
Dean, I would imagine that you have the wrong Duerson. Dave Duerson was a former Chicago Bears and Arizona Cardinals safety, who tragically suffered concussions and committed suicide after his career ended.
Watch partnerships next ruclips.net/video/MeByx7lZrCs/видео.html
Qqqqqqqqq
Dean I passed my s7 today third total try, first try at my newest firm. Felt it was make or break for me. This video on Mutual Funds was amazing and a big reason why the entire chapter was huge on my draw. Thanks for all u do I can’t thank you enough!!! I hope to let ppl out there on their third try or that got let go know to never give up!
Kudos on passing two tests! The Series 7 and a test of your resiliency!
Something I can also testify about is Dean is making these exam contents digest and concrete. Thanks 🙏 a lot.
Dean, you are a god among men!!! If I ever see you in person I will buy the next round of drinks. You helped me pass today.
Kudos on making your mark! Bet that makes for a more festive holidays.
Passed my series 7 today first try... I can not thank you enough... you've got a great thing going here Dean... Cheers!
Kudos on passing your Series 7 exam!!
Wasn't sure what to expect when I started this channel this year.
As of just now 126,591 views and over 2,000 subscribers.
On pace to be close to 200,000 views and 3,000 subscribers by the end of the year.
Exceeded my expectations for sure. Very gratifying to be able to help so many test takers, like yourself.
@@Series7Guru I will be recommending your videos for the rest of my (god willing) long, career
@@ronaldmartin7465 love referrals. Thank you very much.
Congratulations
Dean, I have ADHD and have been studying for the SIE since January (it’s June now.) I have repeated my studies over and over again through training consultants just feeling so dumb and defeated. I just simply couldn’t absorb the information or understand how it applied to practical use. Granted, I have been working for a financial advisor for over 5 years and I’d argue I’m pretty dang good at my job, so this was so confusing to me. Well, I started watching your videos a couple weeks ago and suddenly I’m Acing every practice test I am taking and I’m genuinely interested in the material now. It’s also making my job that much more fulfilling. So thank you so much, I finally don’t feel like crying out of frustration everyday.
Always very gratifying when this channel contributes to study efforts like yours
Fantastic explanations
People remember real stories long term
Thanks.
Dean was sent from heaven. Filled in so many gaps for me!
So glad to hear that. This lecture is target rich in performance opportunities (test questions) for all exams.
I cannot thank you enough for all these videos. It truly breaks everything down for me to grasp and understand. I’m pretty sure everyone in my house can recognize your voice now. 😂
Glad you are finding it helpful. Tell everyone in your household I say hello. Lol.
Truly fantastic thank you for taking my basic knowledge to the next level! I am feeling so much better about the SIE!
And all the work you do on executing your SIE study plan will pay big dividends on your next exam.
Ok this is too good. I need to watch it again. Why didn’t I start here, GREAT points.
Really struggling to get into the series 7 material.
I have my 6 and 63, gotta get my 7 early next year.
STC stuff has been so hard to get into, I’m going to watch all of these videos, then go back to the STC stuff, then come back to this, etc.
Dean is amazing!
Really love your personal examples, they really help nail in the understanding of the concepts.
Glad to hear that. Not everyone does. Lol
Great lecture. Spot on for the Series 65. About to take a practice test right now.
Thanks.
Great lesson, Dean! Thank you!
De nada
Very testable- how the bonds impact the NAV! I missed the mark Dean. I am going through all this content again and now understanding a lot of the things I was confused about. Very good clarification on this concept.
30 days and I go again.
You got this!
YES, PLEASE for suitability questions. I had 2 in the SIE exam.
Thanks for posting this, taking my exam on November 24th and this had been so helpful.
You are welcome. This a target rich area on your exam. Lots of test questions.
Did you pass
Passed my SIE a few days ago Thanks so much for the content!!
Kudos on your first testing victory! What's is the next leg of your testing journey?
Always very gratifying when my content contributes to test taking victories like yours.
@@Series7Guru failed the SIE the first time before I found your page passed my 65 about two weeks ago and just passed my SIE retake a few days ago and now I’m studying to take my 63
@@blackboycrypto1268 sometimes the testing victories of making the mark taste sweeter after the misfortune of missing the mark.
@@Series7Guru fasho that first fail lights a fire frfr
Final review now for my 7; sitting this Friday morning for it. The minute I finish the exam, I’m going to imagine that little musical ditty at the end of each of your videos… Hopefully it follows a “pass” result!
Sending you good test vibes. This is a good one to review. It is very target rich!
@@Series7Guru Really appreciate it, Dean! Yes indeed, lots of performance opportunities here. I’ve done 11 weighted practice tests now and suitability and these investment vehicles are consistently prevalent throughout!
@@Series7Guru Update: I did pass and am moving right on to the 66! Getting right to the lecture videos as well, ready to do more learning! Thanks as always, Dean.
This has been a great lecture, especially taking the SIE Friday
Glad you liked it. Lots of testable points in it. Target rich for sure. Sending you good test vibes for your SIE exam Friday.
I just took and passed my series 6 Thank you so much!!
Kudos on your Series 6 testing victory!
Thank you onto the final exam!
I’m here 🙋🏼♀️… Open-end and Close-end. I hear you.
Thank you so much Mr. Dean. Could you do a lecture on suitability questions for Series 6.
I will try.
@@Series7Guru thank you 🙏
Very helpful, thank you.
De nada
2: questions-1 comment. First thank you Dean for the content and time you invest in these. My first question, on a tax free muni fund, are those taxable? Which leads me to a question, do you have a video on taxable things-if its heavily tested or not? My comment, is, whenever you have time, if you have not already, a video combining suitability, different types of risks, and prohibited practices would be great.
Use the channel search bar. Thise videos do exist. The pass through of tax free interest income as a mutuL fund dividend is tax free.
All I can say to you is thank you
De nada
Awesome Lecture as always Thank you!
De nada.
For stock stock trading which series is good and work it please advise me…
i wish you offered entire classes for the series exams.
I do in collaboration with Kaplan
@@Series7Guru Jst purchased KAPLAN. They gave me the replay from your last class and they gave me 15% off. I did mention you in my chat when I ordered. Thanks!
Hi Dean, just want to confirm- the Class A dont have redemption fee but share B and C might? Also, is there a cut off time to get the forward pricing? For example if investor called RR in the morning will get that day NAV but what if they called at 6:00PM? Thank you.
It is always the NEXT calculation of the NAV. B shares are the only share with a contigent deferred sales charge.
How can I donate? I’ve used Kaplan’s study material, exam FX, and others, but I still find myself only watching your RUclips videos over and over. May be the most helpful study tools I have and I am very thankful. Is there anyway I can donate?
Thanks, Jordan but not really set up to accept donations but appreciate the offer. Glad you are finding the channel helpful.
(This guy did this and then that other guy said that ) ...what follows is SOME REALLY PHENOMENAL INFO AND TIPS ( and then after she said that I told her this....and they asked me: - Dean what do you think about.... ) Without the ranting this could have been a 25 min video. Although I wish that you would stick to the point I appreciate and thank you for all the time you spend for publishing videos.
Not sure what to make of this. Good news and bad news. The good news is I am who I am. The bad news is I am who I am. You get what you pay for. And users of my channel pay?
If I rant too much good news for you there are other videos and other channels.
@@Series7Guru Your Series 7 tips and tricks was straight to the point, no ranting, and it is the most popular video on your channel. If you added an extra 50 min of ranting in my modest opinion it would not be as popular. Please do not take offense. I am aware that you are providing ton of free and valuable content. Thank you very much for that.
@@singleman805 i don't take offense because i don't care of your opinion. Watch or do not watch. Your choice.
@@Series7Guru Your reply sounds a little harsh and you certainly care enough to reply. Have a good day.
@@singleman805 I shouldn't be even responding to this but i find the stories help cement the concept. Best one was his car story about options. Until then i didn't understand why anyone would do anything with a put. Once i understood that options became functional in my head. The test is just a few hours of your life but his stories give a real world application for the next chapter.
Is DREP only for open-ended mutal funds or are there other investment vehicles that can be associated with this acronym as well?
Yes
whats the difference between up front load and front-end load?
Nothing
Dean. My vendor’s test prep content states that the breakpoint amounts are set by FINRA and provide the amounts and respective sales charge - I am wondering if we are responsible for memorizing these amounts (along with the amounts provided for 12b-1 fees) or it is something given from the test questions. Thanks
No. FINRA rules state that a fund charging 8 1/2 % must offer brsakpoints by rule a " full service fund" . 6 1/4 % by rule " a scaled down fund". NOT TESTABLE.
Heads up, Warren Buffett is still with us ( time 1:23:52 ).
Didn't say he wasn't. I said his this was his instructions when he does pass.
Is an ETF a closed or open end fund?
Google gives me a few different answers, if I had to guess I'd say closed, since you can't redeem them, but they are continuously creating or redeeming new shares to the authorized participant?
They are technically open end but not testable. You need to be able to contrast ETFs with traditional open end funds.
Dean, curiosity question - Could an ETN be issued by an insurance company or any other financial institution?
Yes.
Hi Dean, quick question. So capital gains/losses are used for mutual funds and ordinary income is for retirement accounts? Or am i confused
Yes.
thank you!
Great question! I'm in a new hire group and we were confused by this originally too!
That is correct
Hey Dean!! I have test Friday, I have using Pass Perfect has advised by my firm. I been scoring in the 50s and recently received my highest score at 67. How would you encourage me to study for Friday?
Many have passed with a 60% plus mark on a PassPerfect practice test. They are tougher. You will pick up points. Keep grinding.
Stay the course!
@@Series7Guru thanks Marine! Semper Fi
I thought I heard this but are dividends and interest tax exempt? or is the dividend only tax free and the interest is taxable?
Mutual funds do not pay interest. Mutual funds pay dividends. Those dividends could be the flow through of interest on bonds in the mutual fund's portfolio. Those dividends are taxable UNLESS the dividends are from municipal bonds.
on the question about which of the following responses describes and ADv to mutual funds, you didnt give an answer to that question i think its C
Is there anyway to get the slides so I can print out?
Unfortunately, not at the present time.
no worries i did it old school and wrote it out, thank you this was an excellent lesson that cleared up a lot of confusion i was having on mutual funds.
If a mutual fund doesn’t pass through 90% of their income are they subject to triple taxation?
They owe taxes on whatever they don't distribute to the shareholders.
Great Content Dean! Off topic sort of, do you think they will ask us anything on the 7 about Eurodollar bonds and what their purpose is?
Low probability but if they eurodollar bonds do not currency risk and eurobonds do
@@Series7Guru thank you Dean! I’ve shared your videos with some trainees at TD. The Oct 2021 class loves your videos. We take our 7 Friday. The suitability explication on top of the Kaplan explanation has helped a tremendous deal. Training Consultants is what our firm uses and I wish they hit suitability a little more than they do
@@chrisbarnhart8595 sending good test vibes to your class. Every Tuesday I do an upload premiere with live Q&A chat. That is tomorrow 2:45 PM PT. Feel free to join me.
@@Series7Guru I will! We end at 4:30 central. It’s kind of nice being paid to study for 8 hours.
@@Series7Guru
Dean! My entire class passed and I literally cannot thank you enough for your videos on here. I will continue to share and rep you!!!! These videos helped an incredible amount!!!!!!
do you think taking the SIE practice exam would be helpful still if I'm about to take my 7?
No.
In terms of forward pricing. If it's 1/5 at 1PM, and I buy a mutual fund share, am I buying at yesterday's NAV or am I waiting for the NAV price that is going to be calculated at the end of 1/5 day?
Never the last calculation. Always the next calculation. The forward price known as "forward pricing". Very testable.
How to get in your tutor program
deantinneytutoring.setmore.com
Great lesson, helped me tie some loose ends on this topic.
Questions: settlement date is T +2 right?
You mentined you get paid in 7 days.
Thank you!
T+2 is for secondary transactions in the secondary market. Open end mutual funds are not secondary transactions. They are primary transactions.
What I said is an open end mutual fund must meet a redemption request in 7 days. That redemption is not a secondary transaction. You are doing business directly with the fund.
@@Series7Guru got it.
hi Dean ,
how can i get my scores go up to 85-90% on Passperfect .. i am having the hard time. need your advice please? my firm will not schedule my exam date lol :(
Lots of time and effort. Just had someone get a 67% on a PassPerfect final today. Testing tomorrow. Still think he will pass. PassPer4feect is .........
@@Series7Guru I have to try and try again and get to 75-80%% will have to talk to my principle. not easy
@@TheReyila I am not a fan of PassPerfect because it causes distractions like this that are not test related.
@@Series7Guru it makes me feel like i dont know nothing :( very discouraging but i will have to do it and will pass . keep watching your lectures. Thank you Dean!
@@TheReyilakeep grinding.
Dean, I would imagine that you have the wrong Duerson. Dave Duerson was a former Chicago Bears and Arizona Cardinals safety, who tragically suffered concussions and committed suicide after his career ended.
Nope. Same name different persons.