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Going to take the plunge and study!

Discussion in 'Other Off Topic Forum' started by Michael, Apr 11, 2004.

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  1. Michael

    Michael Formula Junior

    Oct 29, 2001
    493
    Nevada
    Full Name:
    Michael
    #1 Michael, Apr 11, 2004
    I am planning on studying for my Series 7 exam. Any suggestions, what is the best study material, aside from getting a degree in finance. Thanks.
     
  2. ty (360mode)

    ty (360mode) Formula Junior

    Sep 25, 2002
    807
    Houston
    Full Name:
    Tim
    #2 ty (360mode), Apr 11, 2004
    you definitely don't need a degree in finance (i was bio/chem in college and got a 91). get the review materials AND TAKE AS MANY PRACTICE TESTS AS YOU CAN! everyone at my company gave me this advice and it's true. take the tests and study the answer explanations, even on the questions you get right. if you can consistently get mid to upper 70's (is it still scored like that?), getting a 70 shouldn't be a problem.

    don't waste your time reading all the materials, taking notes, making outlines, etc. i don't know anyone who has flunked that has done it the way i explained. good luck.

    try and get passtrak, but your sponsoring firm probably has the materials of their choice for you.
     
  3. DrStranglove

    DrStranglove FChat Assassin
    Owner Rossa Subscribed

    Oct 31, 2003
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    DrS
    #3 DrStranglove, Apr 11, 2004

    Anything over 70 is a waste.
     
  4. Ryan S.

    Ryan S. Two Time F1 World Champ
    Silver Subscribed

    Mar 20, 2004
    28,849
    #4 Ryan S., Apr 11, 2004
    can you retake the test as much as you want?
     
  5. ty (360mode)

    ty (360mode) Formula Junior

    Sep 25, 2002
    807
    Houston
    Full Name:
    Tim
    #5 ty (360mode), Apr 11, 2004
    iirc, you have to wait 30 days b/w tries, and starting w/ your fourth try you have to wait 6 months.
     
  6. Forza1

    Forza1 Formula Junior

    Mar 20, 2004
    490
    California
    #6 Forza1, Apr 11, 2004
    I believe there is the fee too. Ty, what's "iirc" stand for?



    -DC
     
  7. F-passione

    F-passione Karting

    Mar 31, 2004
    173
    Orange County, CA
    #7 F-passione, Apr 11, 2004
    The secret to these tests is as previously mentioned, through repetition learn to memorize/recognize the answers. Study tests, courses and old exams are the best way to do this. Everything else won't really help. The best learning is experience anyway, which in most cases is vastly different from text books.
     
  8. ty (360mode)

    ty (360mode) Formula Junior

    Sep 25, 2002
    807
    Houston
    Full Name:
    Tim
    #8 ty (360mode), Apr 11, 2004
    sorry, "if i recall correctly"

    definitely, not cheap to take. most firms i know will give you 2, maybe 3 tries then will terminate you (unless it's not part of your job description but then most won't pay for you to take it, plus it's against regs - "parking licenses" is a no-no in NASD's eyes)
     
  9. Michael

    Michael Formula Junior

    Oct 29, 2001
    493
    Nevada
    Full Name:
    Michael
    #9 Michael, Apr 11, 2004
    Thanks, I am going to receive the most current passtrak (Dearborn) series 7 that I ordered from Walmart.com. Most reviewers from Amazon gave it good ratings and the latest edition comes with simulator tests. I am not with a firm right now. I became interested after taking some continuing education courses here at my local university. I feel like expanding my horizons. I'll try getting my real estate license next.
     

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