Passed my series 7 exam this morning (I always wanted to be one of those comments)! Could not have done it without your youtube channel. You're amazing for putting out such high quality content for free. Thanks again
Kudos on your Series 7 testing victory! What's your next testing victory? 63? 66? Always very gratifying when this channel contributes to test taking victories like yours.
Passed my Series 7 first try this morning after watching this last night along with all your videos. I couldn’t have done it without you! Thank you! Looking forward to watching your series 66 videos.
My draw was options primarily break even - cap gain/loss, lots of questions surrounding debt and the understanding of them, idk if it was just me but I had quite a few questions surrounding b/ds and their rrs role in secondary and primary distributions along with potential conflicts of interests, msrb rules. Definitely not the dream draw but we did it.
Dean, I watched this the day before my exam and I PASSED. I have always leaned on your videos for my tests… thank you SO much. Onto the 66, after I have my baby of course lol yep, 9 months pregnant and I passed the series 7…if I can do it, anyone can!😂 I even used your “too long to be wrong” rule twice. Thanks again!
Kudos on your testing victory and your new addition to your family. Always very gratifying when my videos contribute to test taking victories like yours.
Hi Dean, Thanks for the instruction that you provide. It is an invaluable resource. I just passed the 7. FYI the larges majority of the test was customer account management and suitability (RR situations), and Options. There were also eight questions on corporate calculation questions - no math, just concept of what happens if . . .
Hey Dean, thank you for going through this practice test. I am currently using Kaplan to study for the 7 but it’s always good to watch your videos to hear the explanations to the answers out loud!
You got this. Sending you good test vibes for Monday! Curcle back to share your testing victory! Be confident in yourself and most importantly be confident in your answers.
@@Series7Guru Im back, Thank you everything I was able to pass the 7. And it pretty much was how you said it would be, I was wondering what the big deal was since it wasn't hard at all lol. I ended up taking 9 Training Consultants practice test with an average of 83% thu my firm and passed three of your exams and plus the help of your videos I was more then good and ready. Thank you again for everything passing the 7 is dependent on a lot of us keeping our jobs. Glad i was told of your channel and I will lets others know. Next for me is 63 ready to see i any videos on you channel for that.
Test was mostly suitability, Variable annuities was huge and retirement vehicles. Not a single time did I need to solve a margin math question. Nor did I get a current yield or anything with premium or discount bond question. Had three parity questions which was surprising. And around 20 or so options. Barely any question on buy stops and which is best maybe 2 max. No ticker tape questions either. I think god gave me the dream draw you talk about lol. or I was just super ready for any question that came my way
Hey Dean thank you again for all these great videos. Quick question. I’m currently using Kaplan study pack for s7. I have a test next Monday and I’m scoring about low 80s high 70s on the simulated exams. Im trying not to overwhelm myself with too much studying but any last week of studying advice?
Just stay calm, cool, and collected. Trust your study plan, trust yourself, and most importantly on Monday trust your answers. Get a good night test tomorrow night so your reading skills are in top form. Your scores indicate that you are not at risk.
Hello Dean, for question 67, when a customer buys a interest in a real estate limited partnership, I thought nonrecourse and recourse loans were part of the basis. Nonrecourse is added to the basis ONLY when buying real estate otherwise only recourse notes are added to the basis. please clarify. Thank you!!
Can you please confirm if the answer for question 16 you gave is correct. I believe it is D, not C. A person whose sole income is alimony and child support can not contribute to an IRA.
Under current tax law you can't use either alimony or child support to do it. IRA contributions can only be made from earned (taxable) income. Not the Series 7 test point or the point of this practice question. The testable point and that of this practice question is it can't be funded with passive or portfolio income. Needs to be funded with earned or paycheck income. I will post the rationale in the video description. I did not answer incorrectly according to the Kaplan answer key.
Given the answer set C is the best answer. Here is the Kaplan rationale: An IRA contribution can be made only from earned income. Dividends and interest are investment income, but alimony received as part of a divorce settlement entered into before January 1, 2019 is considered compensation for purposes of an IRA by the IRS. Individuals can contribute to an IRA even if they are already covered by a corporate pension plan or Keogh plan. Although a contribution can be made, it may or may not be deductible, depending on the individual's income.
On question 79 of 125, you selected “the options risk disclosure document instead of the ODD. Was this intentional? If so, can you specify the difference please?
Oh thank goodness you didn't know what an "interstitial" was either... I got this question the other day and now I'm afraid theres going to be lingo on the test I don't know!
@Series 7 Guru I'm testing in that range using kaplan simulated exams, are those exams more challenging that others? 😳 and I lovvvvveeee your tutorials by the way, they have helped me tremendously!
85 ore Series 7 questions found here ruclips.net/video/-OljSVP_bCk/видео.html
Passed my series 7 exam this morning (I always wanted to be one of those comments)! Could not have done it without your youtube channel. You're amazing for putting out such high quality content for free. Thanks again
Kudos on your Series 7 testing victory! What's your next testing victory? 63? 66?
Always very gratifying when this channel contributes to test taking victories like yours.
Passed my Series 7 first try this morning after watching this last night along with all your videos. I couldn’t have done it without you! Thank you! Looking forward to watching your series 66 videos.
Kudos on passing your Series 7 exam! One more testing victory to go! You got this!
I just passed my 7 and your videos were my morning audio Bible every day. Thank you Dean. Now onto the 66 🎉
My draw was options primarily break even - cap gain/loss, lots of questions surrounding debt and the understanding of them, idk if it was just me but I had quite a few questions surrounding b/ds and their rrs role in secondary and primary distributions along with potential conflicts of interests, msrb rules. Definitely not the dream draw but we did it.
Kudos on your Series 7 testing victory!
Dean, I watched this the day before my exam and I PASSED. I have always leaned on your videos for my tests… thank you SO much. Onto the 66, after I have my baby of course lol yep, 9 months pregnant and I passed the series 7…if I can do it, anyone can!😂 I even used your “too long to be wrong” rule twice. Thanks again!
Kudos on your testing victory and your new addition to your family.
Always very gratifying when my videos contribute to test taking victories like yours.
Hi Dean,
Thanks for the instruction that you provide. It is an invaluable resource. I just passed the 7. FYI the larges majority of the test was customer account management and suitability (RR situations), and Options. There were also eight questions on corporate calculation questions - no math, just concept of what happens if . . .
Kudos on passing your Series 7 exam and paying it forward with debrief. What's your next testing victory? 63? 66?
Already know this is gonna be good!
Hey Dean, thank you for going through this practice test. I am currently using Kaplan to study for the 7 but it’s always good to watch your videos to hear the explanations to the answers out loud!
Practice exams are one of the most popular things on the channel. Glad you found it helpful.
May I know if you researched STC before choosing Kaplan? If so why Kapan? Are you happy with Kaplan? Thx
Thank you for these video dean, i test monday second attempt and learned so much so far from watching you videos and doing these test. Keep it up
You got this. Sending you good test vibes for Monday! Curcle back to share your testing victory! Be confident in yourself and most importantly be confident in your answers.
@@Series7Guru Im back, Thank you everything I was able to pass the 7. And it pretty much was how you said it would be, I was wondering what the big deal was since it wasn't hard at all lol. I ended up taking 9 Training Consultants practice test with an average of 83% thu my firm and passed three of your exams and plus the help of your videos I was more then good and ready. Thank you again for everything passing the 7 is dependent on a lot of us keeping our jobs. Glad i was told of your channel and I will lets others know. Next for me is 63 ready to see i any videos on you channel for that.
Test was mostly suitability, Variable annuities was huge and retirement vehicles. Not a single time did I need to solve a margin math question. Nor did I get a current yield or anything with premium or discount bond question. Had three parity questions which was surprising. And around 20 or so options. Barely any question on buy stops and which is best maybe 2 max. No ticker tape questions either. I think god gave me the dream draw you talk about lol. or I was just super ready for any question that came my way
@@YotsubaNakano2 Kudos! Thanks for paying it forward with this great debrief.
You're truly the best. seriously
Thank you for all your help throughout this process Dean
De nada
thanks dean! phew that was a tough one. got a 66. I'll keep marching on...
Keep grinding! Stay the course!
These vidoes are great. someone mentioned the adds, just install and add pop up blocker in your extensions!
Or just pay monthly $20. That's what I do
Hey Dean on question #16 you picked option c but option d says sole income is alimony and child support. That’s not earned income? Thanks
Hi Dean! I was wondering when your next paid classes are?
Oct 23-25
@@Series7Guru awesome! Where can I sign up?
i keep confusing a lot of the documents for munis/corp any tips to remember them all?
Flashcards
Hey Dean thank you again for all these great videos. Quick question. I’m currently using Kaplan study pack for s7. I have a test next Monday and I’m scoring about low 80s high 70s on the simulated exams. Im trying not to overwhelm myself with too much studying but any last week of studying advice?
Just stay calm, cool, and collected. Trust your study plan, trust yourself, and most importantly on Monday trust your answers. Get a good night test tomorrow night so your reading skills are in top form. Your scores indicate that you are not at risk.
@@Series7Guru thank you!!
Hello Dean, for question 67, when a customer buys a interest in a real estate limited partnership, I thought nonrecourse and recourse loans were part of the basis. Nonrecourse is added to the basis ONLY when buying real estate otherwise only recourse notes are added to the basis. please clarify. Thank you!!
Non recourse only adds to cost basis if it specifically a mortgage
Never mind - you explain it at the end. Thank you!!
Hello Dean, can you provide your balance sheets/income statement videos ? Thank you señor
I have! Put balance sheet in channel search bar and balance sheet videos will aopear.
Hey Dean! Do you do any tutoring? I
I do. Can be booked at deantinneytutoring.setmore.com
Oki! Done! Thank you so much! See you soon
Dean for question 104, I said A because I thought 529's maximum age is 30 years old?
The question wasn't about maximum age. Wouldn't let it bother you.
Can you please confirm if the answer for question 16 you gave is correct. I believe it is D, not C. A person whose sole income is alimony and child support can not contribute to an IRA.
Under current tax law you can't use either alimony or child support to do it. IRA contributions can only be made from earned (taxable) income.
Not the Series 7 test point or the point of this practice question.
The testable point and that of this practice question is it can't be funded with passive or portfolio income. Needs to be funded with earned or paycheck income.
I will post the rationale in the video description. I did not answer incorrectly according to the Kaplan answer key.
Given the answer set C is the best answer.
Here is the Kaplan rationale: An IRA contribution can be made only from earned income. Dividends and interest are investment income, but alimony received as part of a divorce settlement entered into before January 1, 2019 is considered compensation for purposes of an IRA by the IRS. Individuals can contribute to an IRA even if they are already covered by a corporate pension plan or Keogh plan. Although a contribution can be made, it may or may not be deductible, depending on the individual's income.
On question 79 of 125, you selected “the options risk disclosure document instead of the ODD. Was this intentional? If so, can you specify the difference please?
There is no difference
So was that a mistake on Kaplan’s end to include both? Just want to be prepared if I see two options that are similar in that regard
Thank you so much! Your videos have been incredible. Testing tomorrow.
@@tylermcdaniel564 sending you good test vibes. You got this!
Oh thank goodness you didn't know what an "interstitial" was either... I got this question the other day and now I'm afraid theres going to be lingo on the test I don't know!
Did you Google it? If I don't what it is it is not on the test.
@@Series7Guru yes- you were correct in saying it was like a pop up ad!
Question 101….
Isn’t the maintenance requirement 25%, not 30%?
25% long 30% short. Market value at maintenance is a different question
Hey Dean, I'm scoring 74-78 on simulated exams. Is that at risk? Thanks!
Shouldn't be. Keep grinding. Stay the course!
@@Series7Guru thanks! My test is tomorrow 😬
@@megansenft4709 get a good night sleep. Be confident in yourself and most important be confident in your answers tomorrow
@Series 7 Guru I'm testing in that range using kaplan simulated exams, are those exams more challenging that others? 😳 and I lovvvvveeee your tutorials by the way, they have helped me tremendously!
@@megansenft4709 those scores are right were you want to be.
This exam is cake
Be careful of hubris. lol
@@Series7Guru I studied 2 weeks and passed. By the 4th question on the exam I knew I passed