r/Series66Exam

C is apparently the correct answer, but isn't an income fund more "conservative" than a balance fund? I assumed the income fund contained more bonds/fixed income than a balanced fund that is 50% stock and 50% bonds. So why isn't D the right answer? Maybe I'm misunderstanding the part about "the standpoint of diversification"?

From the standpoint of diversification, which of the following would be considered the most conservative?

A) A growth fund

B) A sector fund

* C) A balanced fund

D) An income fund

Explanation:

Balanced funds invest in a variety of investment vehicles; therefore, they have more diversification. Because of the diversification, they are better protected against downturns in the financial markets and are more conservative than the other choices listed.

Passed my 7 and SIE first try on a really strict timeline set by my firm with no financial background. I don’t know how I did so poorly on investment vehicles and client strategies as those were consistently my highest rated sections on STC.

I’m so embarrassed to have to go back into the office tomorrow. Have not stopped crying since I walked out of the testing center.

Today I passed the series 66 (first try) and used Kaplan and achievable. It’s rare that I see people on here talking about the utilization of Ai for these tests but it’s a compete game changer. If you ever miss a question and the explanation on any study material isn’t as clear as you want, it’s so important to ask chat GPT (or whatever Ai you use) and ask it thorough questions about what your confused about so you lock down the concepts. So many people I see on here blame the study material for failing, or say they score high on practice exams but failed the test, but that just means you’re not understanding the concept. I will say the test was much harder then kaplans q bank and achievable but not unbearable. If you understand all the concepts then there’s no way to fail, it’s common sense.

I just took my S66 and I failed it AGAIN! Last month I got a 62%, this time I got a 69%. I studied so hard for this exam, I put in everything I could, I was getting 80s on most practice tests, I felt so confident taking the exam, I genuinely thought I was gonna pass, and I am in complete shock over the result, I still can’t even believe it. I don’t even know if my firm will let me take it a third time or not but if they do, it’ll be my last chance, I just don’t understand it. This is the last exam I need to pass but anytime I feel like I’m right there it’s like I get pulled back all over again. Just a few days ago I did have a death in my family that really took a toll on me so I don’t know if that had a part in all this but I’m just so fed up with it all. I really want to have a positive mindset but it’s really difficult. I don’t know what the deal is with this exam and why I just can’t pass it for the life of me, but yeah, I’m just gonna need to take it again next month if I can. Hopefully then I can finally do something other than just constant back to back studying every single day. I haven’t allowed myself to do anything fun or relaxing almost this whole year cuz I wanted to fully lock in on taking my SIE, S7 and now S66, I really thought I’d finally be done with all this torture today, but oh well, now I’m gonna need to humiliate myself and let everyone know the L once again ahaha. If you guys have any advice you can offer me this third time around or anything else of that matter please let me know, and sorry for the really negative post, just going through it right now.

3 more practice exams and a Greenlight left to take (STC). Test Thursday. Here's where I'm at:

https://preview.redd.it/t6vwoup6g2kh1.png?width=1148&format=png&auto=webp&s=467c6e507cfc19c8d0006f8b9b85452e51f5d50c

Hi! I failed the series 63 twice. My second time failing was today. I missed it by 3 questions the first try and two questions the second time. My biggest issue was coming down to two answers choices that seemed correct but the wording in them didn’t necessarily have to do with what I read in the textbook. I used knopman marks. I’m also hitting the desk tomorrow so have to juggle that with studying again. Any advice would be appreciated

Question is below. I thought the answer was warrants becasue they don't pay divs but Q bank says the answer is Preferred stock. I dont get the explanation given.

Among the popular methods of valuing equity securities is the dividend growth model. One could expect to see an analyst using the issue's dividends this to value any of these except

A) common stock.

B) warrants.

C) preferred stock.

D) ADRs representing common stock in a foreign company.

Explanation

In order to use the dividend growth model, there must be a possibility of dividend growth. Because preferred stock dividends are fixed, this tool would not make any sense. Furthermore, this model deals with dividends and warrants do not pay any dividends.

I passed the series 66 on August 7th first try. It was the third test after L&H and SIE. I now have the series 7 until I’m done, and I’ve got all 3 first try so far so I’m hopeful I can do the 7 in one. I was doomscrolling this thread for weeks until my exam so thought I’d share my thoughts. I used STC for the SIE and series 66 and think it worked well. The practice exams were definitely harder and worded trickier than the real exam but they helped me get prepared. The topics I remember on my exam were:

Fundamental analysis
Technical analysis
A lot about exempt securities and exempt transactions
2-3 options questions
A lot on advertising and the rules within states
ADV form
A couple ratios or formulas to recognize like quick ratio, but only math was PV and FV

I spent a ton of time watching lectures from Ken and guruthey are the absolute goats. Both have super valuable lectures if there’s anything to take away it’s watch these guys on YouTube. Literally just as important as reading the book. They explain in plain English and really helps you connect the dots super well.

Ken’s brutal exams is going to be the best thing to study imo. They are the closest thing to the actual exam, and the explanations are huge. He also has mini lectures on smaller topics to hammer down, along with his cheat sheet video was super super helpful.

I was super worried when I was scoring high 60s on the STC exams, and I ended up getting my scores to mid 70s before I scheduled it. My highest practice exam score was a 79 but most of them were 65-73. I had a ton of 50/50 questions on the test of where to register and what’s exempt and whatnot. Other than that I was pretty confident on most of the exam. It took me until the last 5 minutes before I submitted, so I definitely took my time.

If I was giving anyone advice on how to succeed in this, I’d say read the book and do all chapter quizzes, THEN supplement with YouTube from both of the guys, and continue doing practice tests and reviewing weak areas. If you are scoring 60s and 70s on the STC exams don’t stress too much because you aren’t too far off. Continue to work on weak chapters and any topics that aren’t super clear, but that doesn’t mean you are going to fail because the questions are trickier through STC.

Starting the series 7 to finish off my testing process and hoping to get it done in 4-5 weeks. Any questions on the series 66 I will do my best to help, and any advice for the series 7 is greatly appreciated. Good luck to everyone testing I hope this helps!

A freaking 72 are you kidding me.

Hi everybody,

I’m taking the Series 66 exam in 5 days and I am extremely anxious. I’ve been using the Kaplan QBank and hammering out simulated exams nonstop for the past three weeks.

My scores started in the low 60s, but my most recent exam was a 78%.

Even with that score, I’m really nervous about a few specific areas:

Section III (Investment Vehicles): Fixed Income & Equity (Bond yields YTM/YTC, duration, option strategies)

Section II (Client Recommendations & Taxation): Capital gains, estate/gift tax basis, IRAs vs. Roth IRAs, 529s, and valuation metrics (CAPM, Alpha/Beta, Sharpe Ratio, DCF)

For anyone who has passed: how hard did the actual exam feel compared to Kaplan? What should I focus my strategy on over these last 5 days?

Any advice or suggestions would be greatly appreciated! Thank you! 🙏

I used STC and I feel that the questions were reasonably similar to the test questions. I also used Ken finnen on YouTube, I really appreciate how he gets to the point.

I highly recommend using STC, taking all the practice tests and then going to YouTube to get exposure to more questions.
If you have any questions let me know

Can anyone help me on some advice for the Series 66? I recently just passed the SIE yesterday and want to start the Series 66 but I don’t know where to start. I hear a lot about Kaplan, STC and achievable but which one would be the best to study for. Btw for the SIE I used a free program called Certfuel and honestly did me very well. If there’s any advice on which course to buy please let me know.

Passed the Series 66 last week, overall it was easier in difficultly compared to the Series 7

Some things that I would say to expect

KNOW THE ETHICS AND LAWS
Specifically in Kaplan Chapters 6 and 7
-Like it says, 45% of the test is ethics, laws, and registration
- Not a lot of super in-depth stuff, I would know the basics of all the major topics.
-I had MAYBE 1 Question on the Forms (Form Adv, BD, Part 1A etc), still know them but I wouldn’t focus on this.
-Focus on “did this agent act ethically” or “is this an ethical practice” were questions I saw more of

NEXT
- Know the formulas (chapter 8 in Kaplan) in the sense of what they mean, maybe 1 calculation the whole test other than Current Yield.

LASTLY

-The remaining questions about suitablility + products were a 5/10 on the difficultly scale, not super basic like a definition, but just below the surface level.
- If you took the series 7, a majority of what you learned/the easy stuff will be on the test.
-I had no options questions, maybe the luck of the draw.

GOODLUCK GUYS

Which comes first in order of liquidation? Unpaid wages and taxes or secured creditors?

My exam is tomorrow and I feel super nervous! I've been suing Kaplan and have been spamming those exams + Ken's brutal exams the last 2 days. Does anyone have any recs of videos to watch tonight or any small easy to remember things that'll help me get a question on the exam? I'm a really anxious test taker so I won't be able to relax tonight